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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!👇️
Elon Musk political funding impact
Key Points:* Trump warns Musk against funding Democrats; threatens Tesla contracts.
This confrontation is rooted in Musk’s criticisms of the U.S. budget legislation and attacks on Trump. The situation has implications for Tesla and SpaceX, with potential ramifications on governmental contracts and subsidies.
Trump’s Warning: Potential Consequences for Tesla and SpaceX
Tensions between Donald Trump and Elon Musk escalated as Trump warned Musk about backing Democratic opponents of his budget. Trump’s statement to NBC emphasized that Musk would “pay a price,” yet he did not specify the consequences. The breakdown in their relationship stems from Musk’s critical posts about budget legislation.
The potential impact on Tesla and SpaceX includes threats of cancelled government contracts. This comes as Trump argues that Musk’s businesses benefited substantially during his administration. Despite these public threats, the absence of explicit action leaves the future uncertain for Musk’s enterprises.
Limited Market Reaction: Crypto Industry Holds Steady
Did you know? The rarity of actual government follow-through on political threats to corporate executives, due to rigorous procurement rules, emphasizes the potential gap between political rhetoric and impactful economic measures.
Ethereum (ETH) trades at $2,513.57, with a market cap of $303.45 billion and a 24-hour trading volume of $11.14 billion as per CoinMarketCap. Price dynamics show a 72.87% increase over 60 days, despite a 33.02% drop in daily trading volume, pointing to significant volatility.