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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 US government transferred 33.6 million US dollars in Cryptocurrency! FTX, Alameda detained funds flowing to a mysterious Address
On-chain data shows that the US government transferred Cryptocurrency worth $33.6 million to 2 undisclosed addresses early this morning. These assets were seized from the collapsed Cryptocurrency exchange FTX and its affiliated company Alameda Research.
Data source: Arkham
According to on-chain analysis platform Arkham Intelligence, starting around 3:30 am, a large amount of cryptocurrency marked as 'FTX Alameda Seized Funds' was transferred out of the US government Wallet, including 5,024 Ethercoins worth $1,800, to 2 new addresses starting with '0x9cd' and '0x9ac'.
In addition, the wallet will transfer $13 million worth of Stable Coin BUSD, $1.5 million worth of Shiba Inu coin (SHIB), and other alternative coins to the two addresses mentioned above.
There are a wide variety of transferred Token types, including AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM and RLC.
As the US government massively shifts these assets, the coin market is experiencing a comprehensive Rebound. Among them, Ethercoin has risen slightly by 0.6% in the past 24 hours, with the current price reaching $3,675, nearly 50% higher than a month ago when it was $2,460.
The US government's transfer of nearly 2 billion dollars in BTC has raised concerns about dumping risk in the market.
<The US government transfers $33.6 million Cryptocurrency! FTX, Alameda seizes funds flowing to a mysterious Address> This article was first published in Blockinpress.