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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
The cryptocurrency investor who lost 110 million dollars has lost again.
Trader James Wynn, known for high-leverage cryptocurrency trading, lost approximately 25 million dollars (240 BTC) in a liquidation that occurred yesterday.
Wynn recently opened another leveraged position of 100 million dollars after the liquidation of a long 1 billion 250 million dollar long ( Bitcoin position. However, this new move also resulted in a loss.
At the end of the month, Wynn, who reportedly had only 37 dollars left in his account, also executed similarly unsuccessful transactions in cryptocurrencies such as Fartcoin, PEPE, TRUMP, ETH, and SUI. Although he occasionally reached profitable positions, it is stated that he evaporated his gains without realizing them.
Wynn stated in a weekend announcement that despite his losses, he will "continue" and plans to make large transactions again.
Currently, Wynn has an open Bitcoin long position worth 82 million dollars with a leverage ratio of 40 times. The liquidation price of the position is 103,930 dollars.
At the time the news was written, the number one cryptocurrency is trading at $104,815.
Published: June 5, 2025 13:20