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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!👇️
Pump.fun Calls for Elon Musk to Launch a Memecoin Similar to Trump
Elon Musk, CEO of Tesla, and the President of the United States Donald Trump, who are both close in the presidential campaign of 2024, have recently disagreed. After returning to the White House as president, Trump appointed Musk as the head of the Department of Government Efficiency, DOGE. The discord, seemingly starting from disagreements over Trump's Beautiful Big One Bill, has turned into a series of sharp criticisms and accusations. Amidst the tension, the meme coin platform Pumpfun based on Solana has publicly called for Musk to launch his own meme coin to compete with Trump's recently launched coin $TRUMP. Pumpfun's post on the company's official account on X (formerly known as Twitter) has caused a frenzy in the cryptocurrency community, sparking speculation about a potential "meme coin war" between the two most influential figures in the world.
Tweet Content: "@elon musk, I'm sorry to hear about your conflict with Trump. While we can't offer an opinion, we can offer a solution: Trump has launched a coin, which means you have the opportunity to do the funniest thing ever. This is the only time we will support PVP. The time is now." This outrageous challenge arose shortly after the public dispute between Musk and Trump over the federal spending bill, with Musk leveraging his large X following to criticize the president. Meanwhile, Trump responded on Truth Social by criticizing Musk, asking why Tesla and SpaceX's government contracts have not been canceled yet? For this reason, Pumpfun has proposed to organize a very interesting meme coin competition, calling it the "Battle of Memes." Since its launch in January 2024, Pumpfun has created over 11 million tokens and generated approximately 517 million dollars in profit, according to Dune Analytics. Musk, who is known for supporting Dogecoin and is familiar with memes, has not yet responded to Pumpfun's call. The cryptocurrency industry is buzzing with excitement, with users thinking that a coin endorsed by Musk could leverage his name and the public's interest in DOGE. Because meme coins are the main players in Solana, a Musk token could cause some liquidity to flow out of existing memecoins and change the market, just like $TRUMP did. Although Pumpfun's proposal is just for fun, it aims to emphasize the connection between cryptocurrency, pop culture, and politics.