May 9th Highlights:

1⃣ Bitcoin breaks through the $100,000 mark!

$BTC soared from a low of $77,000 to $92,000, ultimately surpassing $100,000.

2⃣ Ethereum returns to $2,000, achieving the largest single-day increase since 2021.

3⃣ The Federal Reserve keeps interest rates unchanged, Powell warns of increasing economic downside risks.

The market remains cautious about inflation and economic prospects.

4⃣ New developments in China-U.S. trade negotiations: The Trump administration will begin a new round of talks in Switzerland on Saturday.

China announces a rate cut and injects $138.5 billion in liquidity to boost the economy.

5⃣ New trends in crypto regulation: G7 leaders may discuss North Korean hacking issues at the June summit.

Arizona and Texas make progress in Bitcoin reserve legislation.

6⃣ Institutions accelerate entry: Vivek Ramaswamy's Strive Capital will go public as a Bitcoin reserve company.

Michael Saylor predicts that over 700 publicly traded companies will buy Bitcoin next year.

7⃣ Major moves from exchanges: Coinbase reportedly plans to acquire the crypto options platform Deribit for $2.9 billion.

Binance's reserve report shows a significant increase in BTC and stablecoin holdings.

8⃣ The altcoin market is booming, with $SOL, $NEAR, and $BONK performing exceptionally well.

The NFT market is recovering, with $PENGU (Pudgy Penguins) rising over 25% in a week.

Wishing you successful trades, and always remember to DYOR!