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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!👇️
Ethena Founder: Ethena and Tether are not competitors; their respective rise will directly promote each other.
PANews, April 24 news, Ethena founder Guy Young published on platform X, stating that many people misunderstand the relationship between Ethena and Tether - the two are not competitors, but rather each other's growth will directly promote one another. In a market where about 70% of Perptual Futures are priced in USDT, every time Ethena adds a short positions, it creates new demand for USDT, as the counterparty must use USDT as collateral to establish long positions. This mechanism means that whenever USDe supported by Perptual Futures increases by 1 USD, it will drive about 0.7 USD of USDT demand growth. Young pointed out that Tether doesn't need to launch its own yield products because traders are already using USDT as Collateral, paying annualized rates of 10%-30% to go long on Perptual Futures. Ethena is precisely the channel that converts this demand. User behavior in the crypto market is extreme, either pursuing extreme liquidity or seeking the highest yield. When interest rates decline, the middle ground of "poor liquidity yet claiming risk-free returns" will be eliminated. The trading sector needs to be more liquid and have better distribution advantages than Tether, while the savings sector needs to offer higher yields than Ethena; the middle path is difficult to succeed. He believes that the "barbell strategy" formed by Tether and Ethena is the ultimate form of industry development.