TheDailyHodl

Crypto analyst Rekt Capital predicts the final stages of the BTC bull market are underway, with BTC expected to peak in 2025 before entering a bear market and hitting a new bottom in 2027. BTC could potentially reach $200,000.

Billionaire Chamath Palihapitiya warns of deteriorating financial health of American consumers, using price-to-book ratios of subprime lenders as early indicators of potential liquidity crisis. Palihapitiya suggests the Fed should pay attention and act quickly by cutting rates.

Consumer spending is declining for all income groups, especially on discretionary items. Lower-income households are experiencing the most significant decrease. Labor market remains strong but unemployment payments are increasing, according to Bank of America's Institute research using transaction data.

A man in Phoenix was sentenced to prison for using fraudulent accounts at multiple banks to launder $3 million in a romance scam. Victims believed they were in online relationships and sent him money. He opened 24 bank accounts using fake identities and passports to deposit the funds. Ibhadore avoided detection by withdrawing amounts below reporting thresholds. He received a 17-month prison sentence for conspiracy.

Saudi Arabia is hesitant to formally join BRICS to avoid upsetting the US and President Trump who has threatened tariffs on BRICS nations. The nation's position is influenced by its relationships with both China and the US.

Wells Fargo upgrades Uber's price target to $100, expecting a potential 52% increase. With optimistic outlook on Uber's performance and growth prospects, the company is anticipated to outperform based on healthy fundamental trends. Uber's recent earnings and revenue also show positive signs.

A significant data breach at Kelly Benefits has exposed the personal information of over 400,000 individuals. The firm is offering credit monitoring and identity theft protection services while working closely with legal authorities.

Criminal organizations in Maryland target bank customers, robbing them after they used ATMs, leading to 34 victims losing over $155,000. Seven people have been indicted so far.

A long-dormant Bitcoin wallet recently came to life, moving a large sum of BTC worth $207.51 million. The wallet received Bitcoin in 2013 and made significant gains. Dusting attacks were also observed on the wallet.

May 9th, 2025 – Vilnius, Lithuania
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> The International Crypto Trading Cup (ICTC-2025) has officially launched — the world’s first global crypto trading tournament held live and on stage.
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Over the next two days, May 9 to May 10, viewers around the world will witness a

President Trump criticized Fed Chair Powell for not cutting interest rates while declaring his economic confidence despite global rate cuts.

A TD Bank employee accessed data of 43 customers leading to a security breach. The incident occurred in 2024 but was only discovered in 2025. Personal information including Social Security numbers was exposed. The bank is investigating and offering affected customers identity protection services.

Cryptocurrency analyst Kaleo is bullish on Bitcoin, predicting a potential price of $500,000 during this bull market, comparing its market cap growth to that of gold. Other crypto assets are expected to surge alongside Bitcoin.

Bitcoin's future may be influenced by stock market movements, according to analyst Jason Pizzino. He predicts a potential correction if the S&P 500 falters, but sees bullish momentum based on Bitcoin's historical inverse correlation with the US dollar.

Bitcoin could see a bullish trend due to potential changes in US monetary policy according to investor Dan Tapiero. US slowing down may lead to the Federal Reserve cutting rates, possibly pushing Bitcoin above $200,000.

Investors are reportedly shifting away from US markets due to tariff-related volatility, as shown by Bank of America data. European and Japanese markets saw inflows, while the US saw outflows. Clients are turning to safer investments amidst concerns of deflation, with a preference for utilities and low-volatility ETFs. Bank of America advises selling US stocks and the dollar, emphasizing the devaluation of the dollar as a prominent investment trend.