Latam Insights: Milei Dissolves Libra’s Investigation, Colombian CBDC Comes out of Stealth – Crypto News Bitcoin News
Argentine President Milei disbands the Libra investigation task force, Colombia tests a CBDC on Cosmos, and Guatemala’s largest bank adopts crypto for remittances in this week’s Latam crypto update.
US Banks Amass $88,660,000,000 Cash Stockpile in Just Three Months As Lenders Abruptly Hoard Assets: S&P Global – The Daily Hodl
US banks increased cash holdings by $88.66 billion in Q1 2025, driven by JPMorgan and Citibank, while loan growth remained under 1% as lending appetite weakened.
Moving Apple iPhone Manufacturing to US a ‘Pinocchio Story,’ Says Investor Dan Ives – Here’s What He Means – The Daily Hodl
Investor Dan Ives calls Apple’s potential iPhone production shift to the US unrealistic, citing high costs and logistical challenges, while praising its India strategy.
JPMorgan Chase, Citi Say One Asset Will Outperform S&P 500 as EY Warns Traders Have ‘Unwarranted Optimism’ in US Stocks: Report – The Daily Hodl
JPMorgan Chase and Citi predict the Stoxx Europe 600 Index will outperform the S&P 500 in 2025 due to improving EU economic conditions, while EY warns of over-optimism in US stocks.
Big Short’s Michael Burry Bets on Lipstick to Combat Recession – Finance Bitcoin News
Michael Burry, famed for predicting the 2008 crisis, shifted investments to Estée Lauder, signaling a potential recession as cosmetics often thrive in economic downturns.
HYPE Surges 6% Despite Hyperliquid’s Compromised X Account
Despite Hyperliquid’s X account being compromised, the HYPE token surged 6%, nearing its all-time high. The blockchain remains unaffected, and investor confidence stays strong.
Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24
CZ denies WSJ claims of ties to World Liberty Financial, calling the report inaccurate. Bitcoin traders anticipate a pullback after recent highs.
Industry exec sounds alarm on Ledger phishing letter delivered by USPS
Scammers are sending fake Ledger letters via USPS, urging crypto users to validate wallets via QR codes to steal funds. Industry leaders warn against this sophisticated phishing tactic.
US Tourist Drugged and Robbed in London: $123K in XRP, BTC Vanishes
A US tourist was drugged and robbed in London, losing $123K in XRP and BTC. The attacker used a spiked cigarette to gain access to his crypto wallets. Similar crypto-related crimes are rising in Europe.
Tesla Bitcoin Holdings Top $1.25 Billion as Elon Musk Signals Bullish Stance
Tesla’s Bitcoin holdings exceed $1.25 billion as CEO Elon Musk expresses optimism about cryptocurrency, signaling strong corporate confidence in Bitcoin’s future value.
