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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!👇️
China Resumes Action for Bitcoin (BTC) and Cryptocurrencies!
China, which was talked about in 2021 with its strict bans on Bitcoin (BTC) and cryptocurrencies, has announced new restrictions. Please provide the text to be translated. According to the local news agency South China Morning Post, China has introduced tighter regulations to restrict activities related to cryptocurrencies. Please provide the text to be translated. Accordingly, the China State Administration of Foreign Exchange (SAFE), which is responsible for currency movements, has sent a series of warnings to banks, including cryptocurrencies. Please provide the text to be translated. According to these warnings, banks are required to monitor and report "risky foreign exchange trading behaviors." In this context, Chinese banks need to examine the identities of individuals and institutions, the sources of funds, and transaction frequencies to detect high-risk transactions. Please provide the text to be translated. With new regulations, experts expect a decrease in underground banking transactions and illegal cross-border payments, including cryptocurrencies. Please provide the text to be translated. Lawyer Liu Zhengyao from the ZhiHeng law firm said, "The new rules will provide another legal basis to block cryptocurrency trading." Please provide the text to be translated. Zhengyao, stating that these new rules reflect China's ban on cryptocurrencies, said the government sees cryptocurrencies as a potential threat to financial stability.