Billionaire investor and founder of hedge fund Bridgewater Associates, Ray Dalio, thinks it is not yet time for the Federal Reserve to ease the US monetary policy. In a new Bloomberg interview, Dalio says the Fed “should not cut interest rates” despite the pressure to do so. Dalio says that over the longer term, when the current Fed Governor Jay Powell’s term ends in May of 2026, the Fed could, however, end up cutting rates due to political pressure. “There’s a great deal of uncertainty and there’s a deterioration in sentiment, but really the actual economy. So they (the Fed) are in a difficult position. I think that when we look farther out, we’re dealing with the political aspects… I think that when there’s a new Fed chair, there will likely be more inclination to cut rates because it’s an old story of conflict between those in power, in political [power], who like stimulation. And because of the enormous impact of interest rates on debt service, because the debts are so large, there’s going to be pressure that way.” According to Dalio, the aggressive easing of US monetary policy could negatively impact the bond market. “I think the markets, if they were to see a too aggressive cut in monetary policy, too inappropriate cut, that it would actually be bad for the bond market…. … watch the yield curve. As you get rates rising by long rates and you have also at the same time, let’s say, movement down in the dollar and rises in gold, that kind of dynamic is reflecting a movement out of the bonds. Because the value of money matters a lot.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Ray Dalio Says Fed Shouldn’t Cut Rates Yet, Warns Against Aggressive Easing of Monetary Policy for Bond Market appeared first on The Daily Hodl .
2025-05-22 17:30
Coinbase’s legal team says the exchange’s recently disclosed data breach impacted 69,461 people. A filing with the Maine Attorney General’s Office outlines the massive scope of the breach, which happened in late December but was not discovered by Coinbase until earlier this month. The exchange says criminals bribed a small group of overseas customer support agents to copy the data of less than 1% of the firm’s monthly transacting users. Coinbase notes that hacked information includes names, addresses, phone numbers, email addresses, masked social security numbers (the last 4 digits only), masked bank-account numbers, some bank account identifiers, government-ID images, account data and limited corporate data. The exchange says impacted customers were notified by email on May 15th. Coinbase learned about the hack after receiving an email earlier this month demanding a $20 million Bitcoin ( BTC ) payoff in exchange for not releasing the illegally obtained info. The company refused to give in to the hackers’ demand and estimates it will pay $180 million to $400 million in remediation costs and voluntary customer reimbursements. In a video posted to the social media platform X, Coinbase chief executive Brian Armstrong promised the exchange would pay back impacted customers, increase cyberattack defenses and relocate certain overseas customer support operations. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 69,461 People Impacted by Coinbase Data Breach, Exposing Addresses, Account Balances, Government IDs and Partial Social Security Numbers appeared first on The Daily Hodl .
2025-05-22 14:45
Blockchain tracking firm Lookonchain says a trader is reaping handsomely after making a bet on a social finance (SocialFi) crypto project built in the Solana ( SOL ) ecosystem. According to Lookonchain, a trader pseudonymously known as E4Rued has booked a profit of 34,500% on a stash of Launch Coin on Believe ( LAUNCHCOIN ) acquired less than a month ago. “28 days ago, E4Rued withdrew approximately $10,000 from Binance to buy LAUNCHCOIN before it surged. Then sold all LAUNCHCOIN for $3.46 million and deposited the funds back into Binance.” Source: Lookonchain/X Launchcoin is trading at $0.248 at time of writing, up by 71,164% from the April 22nd low of $0.000348. The blockchain tracking firm is also highlighting another trader who has recorded massive gains on the Solana-based SocialFi crypto project in a little over three weeks. “A trader made more than $4 million with only $8,191 in just 22 days — a 500x return! After more than four months of inactivity, the trader suddenly withdrew 68.8 SOL from Binance 22 days ago and spent 54 SOL ($8,191) to buy 14.62 million LAUNCHCOIN — when its market cap was under $500,000.” Source: Lookonchain/X The current market cap of LAUNCHCOIN is a little over $239 million. Last week, when LAUNCHCOIN’s market cap was around two-thirds of the current level, Lookonchain highlighted a trader who made a 51,690% gain on the SocialFi altcoin. “This guy turned $9,075 into $4.7 million — a 515x return. Legend! A month ago, he spent $9,075 to buy 20.3 million LAUNCHCOIN, which is now worth $4.7 million. He can retire early now.” Source: Lookonchain/X Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Trader Books 346x Profit on Solana-Based Altcoin That’s Exploded 71,164% in a Month: Lookonchain appeared first on The Daily Hodl .
2025-05-22 12:15
The financial services firm co-founded by billionaire entrepreneur and former US presidential candidate Vivek Ramaswamy entered into a strategic partnership to acquire a significant amount of Bitcoin ( BTC ). In a new filing with the U.S. Securities and Exchange Commission (SEC), the Ohio-based Strive says it is joining hands with 117 Castell Advisory Group LLC to secure Bitcoin holdings at a discount price. The plan is to go after BTC claims that have already received definitive legal judgments but are still awaiting distribution. Strive is interested in the Bitcoin claims related to Mt. Gox. The now bankrupt crypto exchange operated between 2010 and 2014 and oversaw more than 70% of Bitcoin transactions at its peak. The Tokyo-based firm collapsed following a security breach that led to the theft of 750,000 BTC. The 75,000 BTC claims from the Mt. Gox estate are currently worth over $8.2 billion based on the flagship crypto asset’s price of $109,963. “This strategy is intended to allow Strive the opportunity to purchase Bitcoin exposure at a discount to market price, enhancing Bitcoin per share and supporting its goal of outperforming Bitcoin over the long run.” Strive submits the disclosure as it plans to team up with the social media marketing firm Asset Entities to form the first publicly traded asset management Bitcoin treasury company. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Kalifer – Art Creations The post Billionaire Vivek Ramaswamy Announces Plans To Acquire 75,000 Bitcoin Under New Corporate Entity appeared first on The Daily Hodl .
2025-05-22 10:04
US authorities arrested an Atlanta man this week on charges related to his alleged connection to a COVID-19 relief loan application fraud ring. The Department of Justice (DOJ) alleges that Ian Patrick Jackson, 37, conspired with another Atlanta man to recruit at least nine business owners to submit fraudulent Paycheck Protection Program (PPP) loan applications using fake tax documents. Jackson allegedly told the business owners to falsely claim they each employed 16 individuals and paid monthly wages of $120,000. The DOJ says the owners then wrote falsified payroll checks to people who didn’t work for them and then either kept the money for themselves or paid Jackson via his co-conspirator. Jackson is allegedly connected to 15 fraudulent COVID-19 relief loan applications that inked $3.39 million in proceeds. He’s the 12th person to be charged in connection with an Atlanta-based PPP fraud ring, with the 11 previous defendants having already pled guilty or been convicted at trial. The DOJ says authorities have recovered nearly $1.2 million of the defrauded funds. Jackson also allegedly applied for a separate $237,500 PPP loan using fabricated tax forms and used a forged driver’s license and false revenue statements to fraudulently apply for approximately $100,000 in PPP and Economic Injury Disaster Loan (EIDL) program loans. The DOJ also says he fraudulently secured another $240,035 PPP loan and $125,000 in EIDL program loans and grants on behalf of another company. Jackson has been charged with conspiracy to commit bank fraud, two counts of bank fraud, two counts of wire fraud and two counts of money laundering. The charges could result in decades in prison. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Feds Charge Atlanta Man for Allegedly Applying for Over $3,390,000 in Fraudulent Small Business Loans During COVID appeared first on The Daily Hodl .
2025-05-22 03:00
The chief executive of crypto asset manager Galaxy Digital says America’s current financial situation is bullish for Bitcoin ( BTC ) and crypto. In a new interview with Bloomberg, Novogratz says that many factors have contributed to the rise of digital assets, including President Donald Trump and BlackRock CEO Larry Fink’s embrace of the sector. “It started with Larry Fink. When he got orange-pilled, the largest asset manager in the world said ‘this is a real asset,’ at least Bitcoin, that everyone should be a part of and lots of other companies… followed suit. And that was kind of round one of institutions coming in. But really it was the shift of approach from the Gary Gensler SEC (U.S. Securities and Exchange Commission) to this Trump Administration which has just embraced our industry, and that freed up the animal spirit, both here and abroad.” However, Novogratz goes on to say that America’s current uncertain fiscal situation is ultimately good for the top crypto asset by market cap and the digital assets industry in general. He says the Trump administration’s failure to significantly lower the debt-to-GDP ratio has been a boon for the asset class. “We’re in a really hard position as a country… We have this kind of debt, yield curves are selling off everywhere, the dollar is under pressure, and that all is very good for Bitcoin and crypto assets as well.” BTC is trading for $108,961 at time of writing, just below a new all-time high. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/WhiteBarbie/mim.girl The post Mike Novogratz Says Weakening Dollar, Widening Deficit and America’s Deteriorating Financial Situation ‘Very Good’ for Bitcoin and Crypto appeared first on The Daily Hodl .
2025-05-22 01:01
A widely followed crypto strategist believes Bitcoin ( BTC ) is primed to ignite a massive explosion after breaking out from a bullish continuation pattern. Pseudonymous analyst TechDev tells his 523,300 followers on the social media platform X that Bitcoin has broken out of a cup-and-handle pattern on the two-week chart. The pattern typically indicates that an asset is ready to spark a new uptrend after a period of consolidation. TechDev also points out that Bitcoin’s cup-and-handle breakout looks very similar to gold’s eruption over the past two years. “When cup-and-handles hit with precision. Bitcoin’s turn…” Source: TechDev/X Looking at the trader’s chart, he seems to predict that the pattern breakout will push BTC to as high as $300,000. Earlier this month, TechDev said that a surging global liquidity and capital reallocation would serve as tailwinds for BTC’s ascent to new record levels. “Gold goes parabolic > Liquidity breaks out > Flows to BTC + rotation from gold sends BTC parabolic Not an original story.” At time of writing, Bitcoin is trading for $106,709. Turning to the altcoin market, the crypto analyst says he’s keeping a close watch on the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum and stablecoins. TechDev believes that altcoins are gearing up for a meteoric ascent after going through four years of price compression. “I don’t think many comprehend what’s coming in the altcoin market.” Source: TechDev/X Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Predicts Massive Bitcoin Eruption Based on One Gold Chart, Sees Altcoin Market Following Suit appeared first on The Daily Hodl .
2025-05-21 23:00
Macro guru Luke Gromen says two soaring assets may be the key for investors to protect wealth in the event of government capital controls. In a new video update on YouTube, Gromen, founder of investment firm Forest For The Trees (FFTT), says that the current trade war between the US and China is most likely unsustainable for the West unless capital controls are eventually implemented. Says Gromen, “What is crystal clear to me – while I don’t know how and where and when – but what is crystal clear is that you can’t have a trade war with the world’s factory, China, and the world’s biggest creditor, China, who has significant capital controls, China, you can’t have a very long trade war until you have to start putting in capital controls yourself, your opponents need to start putting in capital controls. It could start in Europe, that’s probably where it would, but America would have to do it, too. And I don’t know if they’ll be explicit if we let it go that long, but it would be things like ‘hey, to maintain the tax-deferred status of your pension or your 401K or your IRA, etc., you now need to hold 30% of the assets in 30-year Treasuries, have a good day’. Because if they don’t do those kinds of things, the longer the trade war drags on, once shortages start to erupt, those with open capital accounts will be a source of funds for those with more closed capital accounts.” The investor says that such a situation would require Western governments to enact capital controls, including restricting certain investments, taxing certain transactions, or blocking the flow of capital in and out of the country. Gromen says holding Bitcoin ( BTC ) and gold may be an effective way to weather such an environment. “So then that’s when you’d have to see capital controls, and once one starts, they’re all going to have to do it relatively quickly. What does this mean? My read of it is… I’d rather be years early owning decent little chunks of gold and Bitcoin than one day late. Because when you’re one day late, too late.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Incoming Capital Controls To Hurt Anyone Not Holding These Two Assets, According to Macro Analyst Luke Gromen appeared first on The Daily Hodl .
2025-05-21 22:55
Billionaire Tron ( TRX ) founder Justin Sun is going to attend an exclusive crypto dinner with Donald Trump after claiming he’s the top holder of the President’s memecoin. In a new thread on the social media platform X, Sun says he’s excited to join Trump for this special dinner, an event he announced last month for the top 220 holders of Official Trump ( TRUMP ). “Honored to support POTUS and grateful for the invitation from GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan! As the top holder of TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry.” The Official Trump website lists a user named ‘Sun’ as the largest holder of TRUMP, coming in at 1.4 million tokens worth about $20 million. News of Sun’s attendance drew a response from Democrat Senator Elizabeth Warren of Massachusetts, who notes that Sun – an investor in Trump’s decentralized finance (DeFi) project World Liberty Financial (WLFI) – being present at the dinner is allegedly “convenient.” As reportedly stated by Warren, “How convenient: the day after the Senate advances the GENIUS Act, Justin Sun – a major investor in the Trump family crypto venture – announces he’s getting a private dinner as the President’s top crypto buyer.” TRUMP is trading for $14.61 at time of writing, a 10.7% raise during the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Design Projects The post Billionaire Justin Sun To Attend Crypto Dinner With President, Says He Is ‘Top Holder’ of Trump’s Memecoin appeared first on The Daily Hodl .
2025-05-21 21:41
