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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!👇️
NYSE Arca submits filing to list Truth Social’s spot Bitcoin ETF
NYSE Arca has submitted a Form 19b-4 filing to the US Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin ETF, a spot Bitcoin exchange-traded fund (ETF) associated with Trump Media & Technology Group (TMTG).
The move represents TMTG’s latest foray into the cryptocurrency sector, aligning with President Donald Trump’s pro-crypto stance.
The proposed ETF aims to provide investors with direct exposure to Bitcoin’s (BTC) price movements without the complexities of owning the cryptocurrency outright. The fund is designed to simplify investment in Bitcoin by eliminating operational hurdles associated with direct ownership.
TMTG applied to trademark several investment products under its Truth.Fi brand earlier this year, including the Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi US Energy Independence ETF.
These initiatives reflect TMTG’s broader strategy to expand its financial services offerings and capitalize on the growing interest in cryptocurrency investments.
The filing follows TMTG’s May announcement regarding plans to raise approximately $3 billion to establish a Bitcoin treasury reserve, positioning the company as a significant player in the cryptocurrency space.
The move aligns TMTG with other corporations that have integrated Bitcoin into their financial strategies following Strategy’s success in pioneering adoption.
Since the SEC approved the first spot Bitcoin ETFs in January 2024, these investment vehicles have attracted substantial inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) alone amassing over $71 billion in assets under management.
The growing popularity of spot Bitcoin ETFs indicates the increasing demand for regulated cryptocurrency investment options.
The SEC’s review process for the Truth Social Bitcoin ETF will include a public comment period and multiple evaluation stages, with a final decision expected in the coming months.
As of press time Bitcoin was trading at approximately $105,445, reflecting a year-to-date increase of roughly 12%.
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