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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!👇️
Arca Circle IPO divestment news
Key Points:* Arca divests all Circle shares due to IPO allocation. Market influence noted.
The divestment emphasizes ongoing tensions in crypto vs. traditional finance interests, despite Circle’s IPO success raising $1.05 billion. Immediate shifts in institutional sentiment surrounding Circle’s stablecoin, USDC, may result.
Arca’s Complete Exit Sparks Tensions with Traditional Finance
Arca announced the sale of all its shares in Circle after Jeff Dorman highlighted perceived favoritism towards traditional financial firms in Circle’s IPO allocations. Earlier critical comments were made regarding allocations, as Arca received $135,000 worth of Circle shares against a $10 million order. Jeff Dorman, Chief Investment Officer, Arca, criticized Circle’s IPO allocation, stating: “You decide to give fat allocations to TradFi mutual funds and hedge funds who likely didn’t even read your prospectus, have no wallets, and will never use your product.”
Impact includes the potential shift in sentiment around USDC, as Arca has publicly considered turning to USDT instead. This event may influence stablecoin preferences among other institutional investors.
Market reactions were swift, with
Circle’s IPO Allocation Controversy: Insights and Future Implications
Did you know? The allocation issue between Circle and Arca mirrors past IPO events where crypto-native funds faced disadvantages against traditional finance entities.
USDC’s current market cap stands at $61.12 billion, with a market dominance of 1.88%, according to CoinMarketCap. Trading volume decreased by 24.96% over the past 24 hours. Price changes show slight volatility, with a 1.02% drop in 24 hours but a slight upward trend over 90 days, showing a 0.55% increase.