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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 SEC won a lawsuit against a cryptocurrency scam and was awarded $1.1 million.
Gate News bot news, on June 3, a federal court judge in Georgia made a favorable default judgment for the SEC in the case of the cryptocurrency fraud lawsuit against Keith Crews. Crews failed to respond to the lawsuit filed by the SEC in August 2023 and did not present any defense.
The SEC charged Cruz with conducting a cryptocurrency fraud scheme through his companies Four Square Biz and Stem Biotech from October 2019 to May 2021.
The SEC stated that he raised at least $800,000 by selling a so-called "Stemy Coin" "encryption asset security" to approximately 200 investors, and many investors were "solicited through relationships with African American and church communities."
Judge Tiffany Johnson ruled that Crews must pay over $1.1 million in fines, determining that he should return the $530,000 in net profits obtained from his alleged misconduct, and ordered him to pay nearly $51,000 in pre-judgment interest and a $530,000 civil penalty.
Source: Cointelegraph