Mark Emem

1 week ago | dailyhodl.com | Mark Emem

Citigroup’s US equity strategist Scott Chronert says the ballooning US budget deficit could have a positive impact on the economy. In a new CNBC interview, Chronert says that the One Big Beautiful Bill Act recently passed in the U.S. House of Representatives will have zero effect on reducing the budget deficit. According to the equity strategist, financing the budget deficit will have a stimulative effect on the economy.

1 week ago | dailyhodl.com | Mark Emem

A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) over the short term. The analyst pseudonymously known as Sherpa tells his 246,900 followers on the social media platform X that Bitcoin is primed to rally if it overcomes a key psychological level. “Quite simple: if BTC breaks $110,000, we’re going to send pretty hard.

1 week ago | dailyhodl.com | Mark Emem

The CEO of Tether Holdings, Paolo Ardoino, is highlighting that the USDT stablecoin is largely backed by an asset widely regarded as safe and highly liquid. In a new CNBC interview, Ardoino says if Tether were a country, the USDT issuer would rank among the top 20 largest foreign holders of US Treasuries. “We have $152 billion now in issued tokens. And we have $172 billion in total reserves. We have more than $125 billion in US Treasuries, and the rest is very, very high liquid assets.

1 week ago | dailyhodl.com | Mark Emem

US banks are piling cash onto their balance sheets while showing a weak appetite for lending, according to the financial data and analytics firm S&P Global. The firm says that in the first quarter of 2025, banks increased their holdings of cash and equivalents by $88.66 billion. JPMorgan Chase and Citibank, the first and third-largest US lenders by total assets, drove the bulk of the increase, backed by strong deposit growth, particularly from non-US deposits.

2 weeks ago | dailyhodl.com | Mark Emem

Economist and trader Alex Krüger believes Bitcoin (BTC) is primed to go higher over the coming weeks, driven by one catalyst. Krüger tells his 210,500 followers on the social media platform X that he is expecting Bitcoin to hit $120,000 in June. According to the widely followed economist and trader, the proposed distribution of approximately $5 billion to creditors of the collapsed crypto exchange FTX at the end of May will serve as a bullish catalyst for Bitcoin.