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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!👇️
Musk: xAI has not yet signed a Grok-related protocol with Telegram.
Gate News bot message, Elon Musk recently stated that xAI has not yet signed a distribution protocol for the Grok large language model with Telegram, although Telegram founder Pavel Durov announced this news earlier the same day.
Duvov wrote that he and Musk "agreed to a one-year cooperation protocol," which will embed Grok into all Telegram applications and provide the chat platform with "$300 million in cash and equity," as well as half of the revenue from each Grok subscription sold through Telegram.
Elon Musk replied on X a few hours later, stating, "No protocol has been signed yet." Duvov acknowledged this and stated that both parties have "principally reached an agreement," but the specific procedures are still to be completed.
Neither party has disclosed the specific date for completing the final documentation or launching the project.
Source: CryptoSlate