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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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PSG Fan Token Plunged 18% Despite 5-0 Win at the UCL Final - Coinspeaker
Key Notes
Paris Saint-Germain Fan Token (PSG) recorded a $4 million drop in its market value to $18 million in the past 24 hours.
PSG is down 18% in the past 24 hours and is trading at $1.97 at the time of writing. The asset fell behind OG Fan Token’s $19.5 million market cap.
The drop in the token’s value came while the French football club won the UEFA Champions League title in a 5-0 clash with Inter Milan on May 31.
This was PSG’s first-ever UCL title since its creation in 1970.
However, the Chiliz-based PSG fan token recorded a 180% rise in its daily trading volume.
Devchart, a crypto analyst on X with 200,000 followers, complained about PSG fan token’s week momentum despite the club’s historic win.
Some investors believe the weak momentum was due to the fact that most fans are unaware of the token’s existence.
On May 30, PSG revealed at the Bitcoin 2025 conference that it has been accumulating Bitcoin (BTC) since 2024. The French football club will also collaborate with Bitcoin companies, Pär Helgosson, head of PSG Labs, said at the event.
The Inter Milan Fan Token (INTER) saw an even deeper fall of 31% over the past day. INTER is currently trading at $0.70 with a market cap of $6.7 million. INTER’s trading volume saw a similar momentum to PSG — rose 120% to $9.6 million.
According to data from CoinMarketCap, the total value of fan tokens decreased by 4% to $216 million, with a daily trading volume of $118 million.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.