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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!👇️
$46.86 Million Stolen in Crypto From Scams in February: Report
Sujha Sundararajan
Last updated:
March 11, 2024 07:21 EDT | 1 min read
Per the findings, a total of over 57,000 victims fell prey to various phishing scams. “Compared to January, the number of victims who lost over $1 million decreased by 75%,” it said.
Among the thefts, Ethereum mainnet accounts for more than $36.2 million, which is 78% of the total exploits throughout February. Also, Ethereum blockchain users comprise the maximum among total victims, amounting to 25,029 individuals.
Notably, February recorded 75% decrease in total number of victims who lost over $1 million, when compared to January, 2024. The trend, however, showed that more than $6.2 million in digital assets were lost in single day – February 15.
“Most of the thefts of all ERC20 tokens were due to assets being stolen as a result of signing phishing signatures such as Permit, IncreaseAllowance, and Uniswap Permit2.”
Another latest crypto loss report from Immunefi noted that “Ethereum suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted chains.”
Major Crypto Scams in February
As reported earlier by Cryptonews.com, web3 gaming platform PlayDapp suffered a major security breach on February 10. The scam resulted in cumulative losses exceeding $290 million.
The exploit seemed to have a private-key leak, resulting in the unauthorized issue of PLA tokens, PlayDapp confirmed the hack.
Another significant losses in February was due to the infamous crypto heist on the decentralized exchange FixedFloat. The hack resulted in the loss of 409 Bitcoin (valued at approximately $21.3 million) and 1700 ETH (worth around $4.9 million).
FixedFloat told Cryptonews that the attack was not internal and attributed it instead to “flaws” and “insufficient protection” in the exchange’s infrastructure.
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