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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!👇️
Circle CEO: USDC is positioned as a base currency layer, and the company's listing will enhance transparency.
According to Gate News bot, Heath Tarbert, the president of Circle and former CFTC chairman, elaborated on the development vision of USDC in an interview with Yahoo Finance. He pointed out that when Circle launched USDC from 2017 to 2018, the goal was to build a high-speed circulating base currency layer for the internet, ensuring its long-term existence.
Tarbert emphasized that as a publicly listed company in the U.S., enhancing transparency and corporate governance is a key step in Circle's development. He also mentioned that Circle, as a neutral platform, combines characteristics of traditional financial compliance and Web3 concepts, viewing banks as ideal partners rather than competitors.
He added that the company's listing conveys a message to banks and tech companies: "their money is now open, and with regulatory approval they can do business with Circle in meaningful ways."
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