Tether Sues Brazilian Titan Holding to Recover $300 Million Defaulted Loan

On May 9th, OnchainLens data indicates that the whale wallet "0x3Ed" deposited $2.668 million in USDC to HyperLiquid and opened 20x leveraged long positions on two ETFs: the iShares MSCI South Korea ETF (EWY) and the Memory ETF (DRAM). Currently, the whale maintains long positions in Micron Technology (MU) and SanDisk (SNDK), with a total notional value of $12 million and an unrealized profit of $848,000.

On May 9, per GMGN monitoring (links: https://t.me/gmgnaibot?start=i_m4TE56o8; https://gmgn.ai/base/token/i_m4TE56o8_0xed664536023d8e4b1640c394777d34abaff1df8f), Base ecosystem token POD (Dolphin) surged sharply this morning. The token hit a peak market cap of over $82 million before retracing to $76.4 million, and is up 130% in the past 24 hours. On-chain trading volume over the same period totals approximately $2.9 million. The rally’s catalyst likely stems from strong performance by VVV. Dolphin—an AI model development and DePIN project—offers the "Dolphin Mistral 24B Venice Edition," Venice’s platform default uncensored AI model. As the core model provider, POD has seen a corresponding uptick in value.

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.