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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!👇️
Ethereum can respond to the risks of a cashless society = Vitalik
On the 25th, Vitalik Buterin, co-founder of the cryptocurrency Ethereum (ETH), mentioned the possibility that Ethereum could play a role as an alternative when centralized digital payment systems face a crisis.
To that end, it is necessary for Ethereum to possess sufficient resilience and privacy. Mr. Buterin made these remarks referencing an article from The Guardian dated March 16.
This article discusses how, in Sweden, which was seen as a global model for cashless adoption, it is now recommended to keep cash on hand as a payment method that can be used in times of crisis.
The background includes Russia's invasion of Ukraine, the political situation in the United States, and the risks of cyber attacks.
The Swedish Ministry of Defense recommended in a brochure issued last November that citizens should hold at least one week's worth of cash in preparation for crises or wars. Additionally, the country's central bank has stated that while efficiency was previously the top priority in payments, safety and accessibility are now considered "at least equally important."
Similarly, Norway, which is advancing towards a cashless society, is recommending that its citizens keep cash on hand due to the vulnerability of digital payment solutions to cyber attacks.
In response to this content, Mr. Buterin stated the following.
The Nordic countries are retreating from the idea of a centralized cashless society because its structure is too fragile. It has been revealed that cash is essential as a backup.
Ethereum must possess sufficient resilience and privacy to reliably serve as a backup.
Additionally, Ethereum developers pointed out that while they know how to achieve such conditions, there is the challenge of having to rely on trusted hardware and ex-post sanctions against double spenders.
It also emphasizes the importance of developing technologies based on zero-knowledge proofs to enable private offline transactions.
Zero-knowledge proof is
A type of proof protocol that allows the prover to demonstrate that "their claim is true" without disclosing any information other than that claim to the verifier. For example, it can prove that a transaction is not fraudulent without revealing the transaction details such as the sender, recipient, and amount.
On the 19th, Buterin proposed a new roadmap for Ethereum that aims to improve scalability while maintaining security and decentralization, with the goal of lowering the barriers for individual node operation.