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- 🎁 12th Anniversary Celebration – Reward Distribution Notification
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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!👇️
Multicoin's DRIFT Position has already made a floating profit of 455%, and previously stated a target price of $3.58.
BlockBeats news, on November 9th, according to market data, as of press time, DRIFT is priced at $2.31, with a 24-hour increase of 345.8%. The Market Cap is temporarily reported at $550 million, and the FDV is temporarily reported at $2.223 billion. Previously, Multicoin Capital, the lead investor in Drift's $25 million Series B financing, stated in a blog post on September 10th that they have accumulated a large amount of DRIFT positions in their funds, including the Liquidity Fund and the Venture Capital Fund. According to the valuation framework and market assumptions outlined in their report, Multicoin Capital believes that a fair valuation for DRIFT is $3.58. If the average price of Multicoin Position is based on DRIFT's $0.416 position on September 8th, then the current DRIFT Position has a floating profit of 455% (it is currently unknown whether it has been sold or not).