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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 Cetus project is Open Source, and the damaged fund pool has nearly fully recovered.
Gate News bot message, the Sui ecosystem DEX Cetus team, which was previously attacked by hackers, recently stated that the team is moving towards complete Open Source and has launched a new "white hat bounty program" to "encourage collective technical and security contributions."
As part of the protocol restart, the team has fixed the software vulnerabilities that led to the Hacker attack, restored the pool data to the correct pricing, and conducted security audits on all code fixes and contract upgrades.
The affected liquidity pool has been replenished with a cash reserve of $7 million, a $30 million USDC loan provided by the Sui Foundation, and some assets recovered from the attacker.
However, not all damaged funds pools have fully recovered, and the current recovery rate is between 85% and 99%, depending on the extent of the losses in the funds pool during the attack.
As part of the compensation plan for affected users, 15% of the protocol's native token CETUS will be reserved, with 5% available immediately and the remaining 10% unlocking linearly each month over the next year starting from June 10.
Source: Cointelegraph