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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!👇️
The President of South Korea has appointed the former CEO of Hashed Research as the head of the Policy Office.
Gate News bot message, South Korean President Lee Jae-myung appointed former Hashed Research CEO Kim Yong-bum as the head of the Presidential Policy Office, a ministerial-level position responsible for formulating national policy direction. Kim Yong-bum previously served as the Deputy Minister of Economy and Finance in the Moon Jae-in administration.
Simon Kim, the CEO of Hashed, stated: "The Lee Jae-myung government has taken an open stance on cryptocurrencies and plans to promote stablecoins denominated in Korean won to prevent the outflow of national wealth." Simon Kim also mentioned that South Korean regulators are closely observing the U.S. cryptocurrency policies and considering referencing its regulatory model.
Source: CoinDesk
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