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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!👇️
Paradigm led a $82 million Series B financing for the encryptionPayment Network Mesh
The Block reported: Mesh has developed a Web3 payment system that simplifies the transaction between users' encrypted assets and merchant Settlement requirements, allowing users to avoid exchanging assets in advance.
The encryption payment network Mesh recently raised $82 million in Series B financing, led by the encryption venture capital firm Paradigm.
Consensys, QuantumLight Capital, Yolo Investments, and others also participated in this round of financing, bringing Mesh's total financing to date to $120 million. According to the company's announcement, Mesh also pointed out that most of the $82 million financing was settled using PayPal USD (PYUSD), which is a stablecoin pegged to the US dollar.
Mesh's Web3 payment system can simplify users' encryption assets and merchants' Settlement requirements, allowing users to make payments without the need to exchange assets in advance. For example, individuals can pay with Bitcoin, Ethereum, or Solana, while merchants can receive equivalent PYUSD, USDC, or other stablecoins.
Mesh's co-founder and CEO, Bam Azizi, said in a statement: "Through this round of financing, we are expanding the first truly global encryption payment network - a network that allows users to use any encryption currency they hold for payment, while ensuring that merchants can choose stable coins for Settlement just like they use fiat currencies today."
Currently, Mesh's partners include encryption-friendly financial technology company Revolut and US-based payment company Shift4.