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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!👇️
- What are the Gate Post Community Growth Points? Learn how it works and what rewards you can get! 👇
Hong Kong stock stablecoin concept stocks collectively pump, Huaxing Capital Holdings once rose over 16%.
On June 9, Hong Kong stock stablecoin concept stocks collectively rose at the beginning of the session, with Huaxing Capital Holdings once rising more than 16%, Lianyirong Technology rising more than 9%, Lianlian Digital rising nearly 5%, and China Everbright Holdings rising nearly 4%. On 6 June, the HKSAR Government gazetted the Stablecoin Ordinance ( Commencement Date ) Notice, specifying 1 August 2025 as the effective date of the ( ) Cap. 656 of the Stablecoin Ordinance. On June 7, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, said in a radio program that the underlying of stablecoins is legal tender, which can be used as payment functions in the form of electronic assets through blockchain and other technologies in the future.