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Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
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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
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Deutsche Bank considers issuing its own stablecoin and tokenization of deposits = report
European financial giant Deutsche Bank is considering the issuance of its own stablecoin and various forms of tokenized deposits, Bloomberg reported on the 6th.
Sabi Bezad, the Head of Digital Asset and Currency Transformation at Deutsche Bank, stated the following.
Particularly in the United States, the momentum of stablecoins is certainly observed, along with a favorable regulatory environment.
Banks have a variety of options for entering the stablecoin industry, ranging from acting as reserve managers to issuing their own stablecoins either individually or through a consortium.
In April, it was reported that Deutsche Bank and Standard Chartered Bank are considering entering the cryptocurrency business in the United States. The stablecoin business may also be one of the options.
Currently, in the United States, discussions are underway on the stablecoin regulation bill. If the bill is enacted and regulations are clarified, it is possible that more companies will enter this field.
What is a stablecoin?
Refers to cryptocurrencies whose prices are always stable. Stablecoins are a type of digital asset, and unlike volatile assets such as BTC, ETH, and XRP, they are backed by the US dollar and aim to maintain their value. In addition to stablecoins backed by the US dollar (USDT, USDC), there are also stablecoins that utilize algorithms.
Deutsche Bank is already involved in the digital asset field. In 2023, it partnered with the Swiss company Taurus, which handles digital asset custody and issuance infrastructure.
During that time, the accompanying representative mentioned that with the digital asset market expected to grow to several trillion dollars, "as a custodian, it is necessary to meet the needs of clients."
In November 2024, investments were made in the fintech company Partior. The company utilizes blockchain to offer atomic settlement for various tokenized financial products.
Atomic settlement refers to the process of conducting the procedures on both sides of a transaction (the transfer of assets and payment) simultaneously, significantly reducing settlement risk and credit risk.
Subsequently, Deutsche Bank signed a contract at the end of May this year to participate as a euro-U.S. dollar settlement bank on the Partior platform. At this time, Partior's CEO Humphrey Valenbreda commented as follows.
With the support of Deutsche Bank, we will further strengthen our mission to make cross-border payments as seamless, secure, and instantaneous as electronic direct messaging.
In addition, through partnerships with同行, we aim to strengthen customer relations and provide innovative and value-added services, offering better solutions to financial institutions and corporate clients.