UBS Group increases its stake in MSTR by 551,121 shares, worth approximately $98 million

May 9 — As the Strait of Hormuz crisis drags on, Wall Street is betting on a new trading play: NACHO (short for “Not A Chance Hormuz Opens”), replacing the old TACO trade (Trump Always Chickens Out). The NACHO trade’s core assumptions break down into three key points: insurers won’t cover ships transiting the Strait, oil prices will stay elevated (pushing up inflation), and the Fed will thus be unable to cut rates near-term. eToro market analyst Zavier Wong noted: “This is basically the market throwing in the towel on a quick fix. For most of this crisis, every ceasefire headline sparked a sharp oil price drop as traders kept pricing in a solution that never materialized. NACHO signals the market’s recognition that high oil prices aren’t a one-time shock — they’re a feature of today’s market landscape.” An analyst at Dufu Global Investment Management noted that both the TACO and NACHO trades are playing out in Q2 — even as energy prices surge, the S&P 500 keeps notching new al

**May 9th News Brief** Liquid Capital (formerly LD Capital) founder Li Hua released an article on May 9th with key insights: - As expected, the end of the conflict means there’s no basis for further U.S.-Iran tensions. - The market has rebounded to above $80,000 as forecast, and a gradual position-closing strategy will be implemented. - While $60,000 may not mark this cycle’s bottom, U.S. stocks and Chinese A-shares continue hitting new highs driven by AI. - Intel and Samsung have both reported profits exceeding $1 trillion. Looking ahead, tokens could become daily necessities—on par with eating and drinking. In the long run, AI shows no signs of a bubble; in the short term, however, a black swan event remains uncertain. Warren Buffett is again hoarding cash amid whatever he’s observed. If a buying opportunity emerges at $50,000, the next crypto bull market could deliver a quadruple return. Amid AI’s abundant opportunities: Crypto miners are shifting to AI computing p

On May 9, HTX market data shows the altcoin market has staged a sharp rebound. The Altcoin Season Index has climbed to 48, meaning 48 of the top 100 altcoins have outperformed Bitcoin (BTC) over the past 90 days. Meanwhile, Bitcoin’s dominance rate (BTC.D) has dropped from a recent high of 61.2% to 60.6%. Leading gainers include: - ONDO: Surged 34.5% to $0.4695 - ICP: Rose 32.8% to $3.97 - STRK: Increased 21.2% to $0.0558 - PLUME: Rose 21.03% to $0.01554 - DYM: Surged 19.9% to $0.0241 Tokens in the Solana and SUI ecosystems also posted strong gains, including: - JUP: Surged 18.7% to $0.245 - PYTH: Rose 17.5% to $0.061 - SUI: Increased 14.7% to $1.09 - DEEP: Surged 30.2% to $0.04 - WAL: Rose 11.6% to $0.086 - CETUS: Increased 12.9% to $0.031

On May 9th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that F2Pool co-founder Wang Chun withdrew 7,461 ETH (valued at $17.27 million) from Binance 5 hours ago, then deposited the funds into Spark.

On May 9, Coinbase CEO Brian Armstrong acknowledged an outage the previous day (May 8) that was "absolutely unacceptable." The root cause traced to overheating in an AWS data center room, triggering multiple cooling unit failures. Coinbase’s systems are built to be redundant against single AWS Availability Zone (AZ) outages—and most operated as intended overnight. However, the centralized exchange failed to achieve full redundancy due to latency optimizations and customer host colocation needs. While these measures typically support AZ outage resilience, they introduced latency risks and disrupted colocation setups. Post-incident, Coinbase will reevaluate its architecture to strike a balance, aiming to drastically cut downtime during AZ migrations. The company thanked AWS and Coinbase teams for overnight mitigation efforts, noting a detailed technical summary will be released later.

May 9 — Aave has unveiled the Phase Two update for its rsETH incident recovery plan. On April 28, Aave rolled out its V3 technical recovery solution for the rsETH hack, with progress now made on both Ethereum Mainnet and Arbitrum. On May 6, 8 Aave V3 positions linked to the attacker were successfully liquidated, and the recovered rsETH collateral was sent to the Recovery Guardian per the Aave Improvement Proposal (AIP). Other users — including Umbrella stakers — were unharmed. Plus, governance proposals from Mantle DAO and Arbitrum DAO have been greenlit. The latter signed off on returning $71 million worth of recovered ETH to Aave for the DeFi United joint recovery push. Legal wins are also in the books: a court order has cleared Arbitrum DAO to send frozen ETH to Aave LLC via on-chain voting, with the restraining order to be issued after the transfer. Aave LLC is now waiting for a final court ruling. As a stopgap, the team has borrowed extra funds to cover the shortfall — ensur