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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!👇️
Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations
Paxos CEO: U.S. Legislation to Determine Cross-Border Stablecoin Regulation
The CEO of Paxos, a leading blockchain and cryptocurrency company, recently discussed the impact of U.S. legislation on the regulation of stablecoins across borders. In a statement, he emphasized the need for clear and inclusive regulations that foster innovation while protecting consumers and maintaining financial stability.
Stablecoins, a type of cryptocurrency designed to minimize price volatility, have gained popularity in recent years for their ability to provide a more stable medium of exchange. However, their cross-border nature has raised concerns about regulatory oversight and compliance with existing laws.
The CEO highlighted the importance of working closely with regulatory authorities to ensure that stablecoin projects comply with all relevant laws and regulations. He emphasized the need for a collaborative approach to regulation that balances innovation and consumer protection.
In the current regulatory environment, uncertain and conflicting regulations in different jurisdictions can create challenges for stablecoin projects seeking to operate across borders. The CEO called for greater clarity and coordination among regulators to address these challenges and create a more conducive environment for stablecoin innovation.
Overall, the CEO’s comments underscore the importance of regulatory clarity and collaboration in shaping the future of stablecoins, both domestically and internationally. By working together with regulators and policymakers, the industry can continue to grow and evolve while ensuring compliance with the law and protecting consumers.
The post Paxos CEO Calls on US Lawmakers to Implement Cross-Border Stablecoin Regulations appeared first on Crypto Breaking News.