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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!👇️
President Milei Gets Absolved: No Infringement Found in Libra’s Promotion
The Anti-Corruption Office (AO) found that President Javier Milei did not violate any ethics laws with his involvement in the promotion of Libra, a meme coin launched in February.
Investigation Finds President Milei Did Not Break Ethics Laws by Promoting Libra
One of the first investigations into Argentina’s President Javier Milei’s involvement in the Libra incident has been concluded. The probe, ordered by Milei’s administration a week after the launch and the subsequent price debacle of the token happened, found that the Argentine leader did not break the “Ethics in the Exercise of the Public Office” law after promoting the launch of Libra using his social media account.
Explaining the reasoning behind this decision, the Anti-Corruption Office states that, given Milei used his personal account to share info about Libra’s launch, it considers Milei acted as a private citizen without leveraging his position as Argentine President.
In this regard, the document assessed that personal accounts on social media “cannot be considered channels for disseminating information or official decisions of the State simply because they are used by public servants.”
The probe also absolved Sergio Morales, former advisor to the board of directors of the National Securities Commission, of any wrongdoing regarding his involvement in any crypto-related dealings.
In addition, the office found no links between President Milei and the parties behind Libra’s launch, including Kelsier Ventures, Hayden Davis, Mauricio Novelli, and Manuel Terrones Godoy. This means Milei did not benefit from this promotional act.
The report echoes what the Milei administration has argued since day one, with Milei stating that he had done no wrong with his actions. ‘They knew very well the risk they were taking. If you go to the casino and lose money, it’s your problem,’ he declared in February.
Regardless, estimations put the number of those affected by the Libra meme coin debacle in the tens of thousands. Other investigations probing different infringements continue their course in Argentina and the U.S.
Read more: The Libra Incident: Examining Argentine President Javier Milei’s Confusing Token Endorsement and Its Destructive Aftermath
Read more: Javier Milei Denies Responsibility in Libra Debacle: ‘If You Go to the Casino and Lose Money, That’s Your Problem’