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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!👇️
More than one-fifth of South Korea's public officials hold crypto assets worth 14.4 billion won
Gate.io News bot message, the latest investigation data from the ethics committee of the South Korean government officials shows that among the 2,047 officials required to disclose their assets, 411 declared holding encryption assets, with a total value of 14.4 billion won (approximately 9.8 million USD).
Data shows that these officials each hold an average of 35.1 million won (about 24,000 USD) in encryption assets. Seoul City Councilor Kim Hye-young declared the highest encryption assets, totaling 1.76 billion won (about 1.2 million USD). The declared types of encryption assets include Bitcoin, Ethereum, XRP, Dogecoin, and Luna Classic (LUNC).
The asset disclosure this time is based on the request made by South Korean Prime Minister Han Deok-soo in 2023, as well as the legislation passed on May 25, 2023, which stipulates that public officials must include encryption assets in their property declarations.
Source: Cointelegraph