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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!👇️
Practical Blockchain Group to Raise Funds for Bitcoin Purchase through €300 Million Equity Issuance | CoinDesk JAPAN
The Practical Blockchain Group, a technology company claiming to be the first Bitcoin finance company in Europe, announced a stock issuance program worth up to €300 million (approximately ¥49.5 billion, based on an exchange rate of €1=¥165).
This fundraising program is structured in an ATM (at the market) manner and is supported by the French asset management company TOBAM. TOBAM has been investing on behalf of clients in Bitcoin (BTC) and blockchain groups listed on the Paris Stock Exchange for the long term.
This program allows TOBAM to acquire new shares at any time based on market conditions. The price of each tranche is determined by the higher of the previous trading day's closing price and the volume-weighted average price, and the company states that the acquisition amount is capped at 21% of the trading volume for that day.
The funds raised will be allocated for the purchase of Bitcoin, and the company is advancing its goal of increasing the "Bitcoin holdings per share" over time. The Block Group will begin purchasing Bitcoin in November 2024, holding 1471 BTC at an average price of $102,507 as of June 3, 2025.
In a typical ATM program in the United States, stocks are sold to the market through brokers, but TOBAM acts in its own interest. The company determines the holding or selling of newly issued stocks based on its own criteria and does not receive compensation for participation.
If fully executed at recent market prices, TOBAM's Practical Blockchain group stockholding ratio could exceed 39% from the current 3%. Additionally, there is a possibility of expanding the capital increase to 500 million euros (approximately 82.5 billion yen) at the shareholders' meeting scheduled for June 10.
The market capitalization of the Practical Blockchain group is €543 million (approximately ¥89.595 billion), and the stock price has risen by 20% to €4.9.
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