Lose – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 06 Sep 2025 18:31:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Lose – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin Price Rejected at $113,000, Spot BTC ETFs Lose $400 Million in Two Days, Open Interest Stagnates: Bitcoin Hot News Recap https://earlybirdsinvest.com/bitcoin-price-rejected-at-113000-spot-btc-etfs-lose-400-million-in-two-days-open-interest-stagnates-bitcoin-hot-news-recap/ https://earlybirdsinvest.com/bitcoin-price-rejected-at-113000-spot-btc-etfs-lose-400-million-in-two-days-open-interest-stagnates-bitcoin-hot-news-recap/#respond Sat, 06 Sep 2025 18:31:50 +0000 https://earlybirdsinvest.com/bitcoin-price-rejected-at-113000-spot-btc-etfs-lose-400-million-in-two-days-open-interest-stagnates-bitcoin-hot-news-recap/

Bitcoin (BTC), the largest cryptocurrency, is taking a breath before the next phase of its rally. While all major metrics are stagnating, some macro indicators hint at a possible 50% upside for the crypto king’s price.

Bitcoin (BTC) price brutally rejected at $113,000

Bitcoin (BTC), the first cryptocurrency, failed to expand its rally to over $113,000. Yesterday, Sept. 5, 2025, its price jumped by 2%, but was stopped by bears. Immediately after touching the resistance level, it dropped back to $110,300.

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Image by CoinMarketCap

At press time, Bitcoin’s (BTC) price has stabilized at around $110,900 on major spot trading platforms. In the last 24 hours, Bitcoin (BTC) is up by a negligible 0.24%.

The rest of the cryptocurrency market is also stagnant today. The aggregated capitalization of digital assets added 0.19% and hit $3.81 trillion in equivalent.

The cryptocurrency’s Fear and Greed Index dropped to 48/100, which is considered to be a “Neutral” indicator. As per CoinMarketCap, the cryptocurrency’s RSI sits at 48.46, which also signals about the market being at a crossroads.

In the last 24 hours, the cryptocurrency’s liquidations were below $100 million, which is an indicator of market apathy.

Spot Bitcoin ETFs log $400 million in outflows in two days

Exchange-traded products on spot Bitcoin (BTC) are witnessing outflows in recent sessions. On Sept. 4-5, U.S. BTC ETFs lost almost $400 million in equivalent.

On Sept. 4, 2025, $227 million was withdrawn by investors, followed by $160 million erased the next day. As a result, the aggregated spot Bitcoin ETFs AUM dropped to $144.5 billion.

BlackRock’s IBIT, Grayscale’s GBTC and Bitwise’s BITB are the three most affected ETFs; combined, they lost about $150 million in just one session.

As covered by U.Today previously, spot Bitcoin ETFs have been losing traction since early July 2025. Investors’ pessimism might be a signal of liquidity migration to alternative TradFi products, precious metals and stocks.

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At the same time, Ethereum spot ETFs were hit even harder last week. In seven days, spot Ether ETFs lost over $787 million in AUM, which makes this week the most painful for the segment ever.

Since Ethereum spot ETFs were launched in July 2024, its ecosystem has not been hit by such a massive liquidity outflow.

Bitcoin OI stuck in $79-$85 billion corridor for seven weeks

At the same time, this might be just a rebalance since spot ETH ETFs investors injected $2.8 billion in liquidity during the second week of August.

Meanwhile, Bitcoin’s open interest — the total USD-denominated value of all derivatives contracts that are not closed yet — has been stagnating since July.

As of printing time, the aggregated Bitcoin futures OI sits slightly below $80 billion in equivalent. In the last couple of weeks, it has remained almost unchanged. After reaching its peak at $88 billion on July 16, 2025, it started slowly declining.

Binance (BNB), the largest cryptocurrency exchange by trading volume and user count, is responsible for $14 billion out of this value.

For Ethereum futures, the net open interest has been sitting at $60 billion in equivalent for three weeks in a row. As such, markets might be confused about performance prospects for both assets.

Bitcoin (BTC) to $185,000? Here’s what Tephra Digital BTC/M2 model says

Despite sending mixed signals to its audience, Bitcoin (BTC) can still expand its rally over $150,000 per BTC easily. As a recent model by Tephra Digital asset management firm demonstrates, Bitcoin (BTC) closely follows the M2 metric — the aggregated volume of the U.S. money supply.

The analyst noticed that Bitcoin (BTC) follows M2 and gold price fluctuations with the lag of 100-200 days. Given that fact, the global cryptocurrency community should be prepared for an extremely bullish Q4, 2025.

Based on these assumptions, Bitcoin’s (BTC) price can naturally reach $167,000-$185,000 by the end of this year.

Bitcoin’s (BTC) price set its current ATH at $124,457 on Aug. 14, 2025. As of now, it is trading 11% below the record price.

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YZY token aftermath sees 105 traders lose $100k-$1M each in $75M wipeout https://earlybirdsinvest.com/yzy-token-aftermath-sees-105-traders-lose-100k-1m-each-in-75m-wipeout/ https://earlybirdsinvest.com/yzy-token-aftermath-sees-105-traders-lose-100k-1m-each-in-75m-wipeout/#respond Wed, 27 Aug 2025 23:33:53 +0000 https://earlybirdsinvest.com/yzy-token-aftermath-sees-105-traders-lose-100k-1m-each-in-75m-wipeout/

Kanye West’s YZY token launch has left 105 traders with significant losses between $100,000 and $1 million each, totaling $26 million in combined losses at an average of $250,000 per wallet.

According to data shared by Bubblemaps analysis published on Aug. 27, 70,201 traders interacted with the token, resulting in 51,862 tanking losses.

West’s controversial token launch on Solana reached a market capitalization over $3 billion before collapsing by over 90% within hours.

Data reveals stark inequality in outcomes, with only 11 wallets (0.015%) generating profits exceeding $1 million each. These successful traders captured $18.9 million in combined gains.

The loss distribution shows that traders with larger positions bore the heaviest burden. Wallets losing between $10,000 and $100,000 totaled roughly $25.4 million, with 917 addresses sharing an average loss of $27,700.

An additional 4,244 traders lost between $1,000 and $10,000, with an average loss of $3,000, resulting in over $13 million.

At the extreme end, three traders each lost more than $1 million, resulting in a combined loss of $5.07 million.

Only 1% of wallets earned substantial profits

Of the 70,201 traders, only 18,333 achieved profitability, representing 26% of total participants.

Yet, nearly 86% of them generated profits of up to $1,000, totaling around $1.65 million, with an average profit of $105 for each trader in this cohort.

Less than 1% (642 wallets) of the traders generated profits exceeding $10,000 each, capturing a combined gain of $58.8 million, which represents nearly 88% of the total profits. Additionally, 88 traders earned between $100,000 and $1 million each, totaling $24.9 million.

Contributing to traders’ losses were structural disadvantages, including 94% insider-controlled initial supply and prohibitive fee structures.

The YZY pool operated with a 1% base fee that quickly adjusted to 2.68%; combined with slippage costs, this resulted in an estimated 10% round-trip trading cost for participants.

The YZY trading data serves as a stark reminder of memecoin market conditions, where substantial gains are transferred to only a small fraction of traders, who are often insiders or sophisticated token snipers.

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From Boom to Slowdown: Crypto Stocks Lose Steam After 500% Surge https://earlybirdsinvest.com/from-boom-to-slowdown-crypto-stocks-lose-steam-after-500-surge/ https://earlybirdsinvest.com/from-boom-to-slowdown-crypto-stocks-lose-steam-after-500-surge/#respond Fri, 22 Aug 2025 03:19:31 +0000 https://earlybirdsinvest.com/from-boom-to-slowdown-crypto-stocks-lose-steam-after-500-surge/

Crypto equities, which had strongly outperformed Bitcoin over the past 18 months, are now showing signs of fatigue.

Amidst a broader market pullback, investors appear to be fleeing riskier corners of the market.

No IPO, No Catalyst

After a stellar 18-month run, crypto equities are beginning to lose momentum relative to Bitcoin, according to the latest report shared by Matrixport. The 10x Research Crypto Stocks Index surged as much as 500% during the period, far outpacing Bitcoin’s 117% gain.

However, recent corrections in key names like Strategy, Coinbase, and Metaplanet have pushed the index lower, which is now resting at 427%. Adding to the slowdown, Circle’s IPO, which was initially well-received, failed to sustain investor demand, which evidenced fading enthusiasm for new listings.

Institutional activity also appears subdued. This could be in part due to the seasonally weaker summer months, which have left the sector without strong catalysts. With no significant crypto IPOs on the immediate horizon, Matrixport believes that equities may enter a consolidation phase, even as Bitcoin maintains steadier performance.

Crypto equities faced another difficult session on August 20. In fact, today’s trading saw Strategy and Coinbase both retreat further in line with a broader risk-off mood. Coinbase (COIN) fell around 2% in early trading to $296 Strategy (MSTR) slipped even further, declining 2% to $330. USDC issuer, Circle (CRCL), also slid 3.62% to $130.34, and lost nearly $5 during the same period.

Cautious Market

Over the last 24 hours, the price of Bitcoin has decreased by 2% to a level slightly above $112,500, while Ethereum managed to recover from its nosedive and now sits at $4,300.

QCP Capital observed that all eyes are on Fed Chair Jerome Powell’s upcoming remarks scheduled during this week’s Jackson Hole symposium, as his guidance will shape the direction of monetary policy amid the delicate balance between easing inflation and rising labor risks.

Despite positive developments in the crypto industry, such as the passage of the GENIUS Act and institutional adoption exceeding $100 billion, the recent sell-off indicates that short-term positioning remains fragile.

According to the firm, risk assets could experience further volatility if Powell delivers a hawkish message or if labor and inflation data come in stronger than expected.

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Study Finds Doctors Lose Skill After Relying on AI in Colonoscopies https://earlybirdsinvest.com/study-finds-doctors-lose-skill-after-relying-on-ai-in-colonoscopies/ https://earlybirdsinvest.com/study-finds-doctors-lose-skill-after-relying-on-ai-in-colonoscopies/#respond Wed, 20 Aug 2025 03:14:43 +0000 https://earlybirdsinvest.com/study-finds-doctors-lose-skill-after-relying-on-ai-in-colonoscopies/

A study in Poland has shown that gastroenterologists became less effective at spotting abnormalities after they grew used to working with artificial intelligence (AI) during colonoscopies.

According to an August 19 report by National Public Radio (NPR), the research was carried out at four clinics where doctors tested a system that reviewed live video and marked suspicious areas in real time.

When the software highlighted a region, doctors could check it immediately. The system was successful while in use, but the study also revealed an unintended effect.

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After relying on the tool, doctors’ ability to detect possible polyps fell from 28.4% before the trial to 22.4% once the AI was switched off. This means that detection rates dropped by about one-fifth when the automated help was removed.

The findings were published in The Lancet Gastroenterology and Hepatology.

Lead researcher Marcin Romańczyk, a gastroenterologist at H-T Medical Center in Tychy, said the results came as a surprise. He noted that many specialists were trained through textbooks and mentorship, but not in using advanced technology like AI, which is spreading through healthcare.

Romańczyk suggested that one possible reason for the drop is that clinicians may unconsciously wait for the system to mark a suspicious area, instead of carefully scanning the footage themselves.

Anthropic recently added a new option to certain Claude models that lets them close a chat in very limited cases. What does the feature include? Read the full story.


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Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share https://earlybirdsinvest.com/ethereum-nft-sales-surge-56-in-july-2025-as-alt-chains-lose-market-share/ https://earlybirdsinvest.com/ethereum-nft-sales-surge-56-in-july-2025-as-alt-chains-lose-market-share/#respond Mon, 04 Aug 2025 03:34:49 +0000 https://earlybirdsinvest.com/ethereum-nft-sales-surge-56-in-july-2025-as-alt-chains-lose-market-share/

In July 2025, Ethereum pulled even further ahead in the NFT market. Its NFT sales rose by 56%, while blockchains like Polygon and BNB Chain struggled. Right now, collectors and creators are choosing to invest where they feel most secure, and that’s Ethereum.

Key Takeaways

  • Ethereum dominated with $275.6 million in NFT sales, growing 56% from June.

  • Polygon’s sales plummeted by 51.1%, raising concerns about its long-term viability.

  • Bitcoin’s NFT ecosystem grew but still couldn’t match Ethereum’s scale.

  • Cardano surprised everyone with a 102% sales jump, showing there’s life in niche chains.

  • Collectors are focusing on Ethereum’s top collections, leaving smaller chains to fight for attention.

Ethereum Pulls Away from the Pack

Ethereum had a standout July, with $275.6 million in NFT sales, a 56% increase from June. These numbers matter, but the real story is about trust in the platform.

Buyers are increasingly focusing on established collections like CryptoPunks, Pudgy Penguins, and Bored Ape Yacht Club. These are projects with real staying power, and they’re all sitting comfortably on Ethereum. As investors get more cautious, they’re putting their money where they see long-term value.

While Ethereum soared, many alternative blockchains had a rough month. Polygon’s NFT sales dropped by a staggering 51.1%. BNB Chain and Mythos didn’t fare any better, each seeing their volumes slashed by more than half.

These figures reveal more than just sales. Liquidity is fading on platforms that once offered lower costs and faster speeds. With fewer active buyers and sellers, creators are moving to Ethereum, where the market remains active.

Bitcoin’s NFT scene, powered by Ordinals and BRC-20 tokens, did grow by 45.8%. But it’s still a niche market. Bitcoin may be a giant in crypto, but it hasn’t yet cracked the code for mainstream NFT adoption like Ethereum has.

Cardano’s Unexpected Comeback

Not all alternative chains are in freefall. Cardano had an impressive July, with NFT sales doubling to about $7 million. It’s still small compared to Ethereum, but this growth shows there’s demand for ecosystems that offer something different.

Cardano attracts users with its community focus and lower transaction fees. For some creators, especially those working on environmentally friendly projects, this is a strong incentive. Cardano shows that smaller platforms can succeed if they offer something different.

Why Ethereum Became the Safe Bet for NFT Investors

Ethereum’s dominance isn’t an accident. Several factors are working in its favor:

  • The biggest NFT collections live on Ethereum. This creates a flywheel of liquidity, where buyers know they can always find sellers.

  • Ethereum’s price rally past $3,900 in July gave a boost to NFT valuations.

  • Developers continue to build marketplaces, tools, and scaling solutions on Ethereum.

  • Ethereum’s NFTs have become digital status symbols. Owning a CryptoPunk or a Bored Ape is now about more than just speculation; it’s a way to show status.

Investors are following the money, and right now, that means anchoring their portfolios in Ethereum-based assets.

Fragmented Market or Flight to Safety?

The NFT market is more unified than it was a year ago. July’s data shows that collectors and serious investors are moving their money into platforms that feel stable and valuable. Right now, Ethereum is earning that trust.

This does not mean alternative chains have no future. Cardano’s recent growth shows there is still interest in niche platforms with unique offerings. However, chains that do not stand out, like Polygon recently, may struggle to keep up.

The trend of quickly moving projects between networks for fast gains is fading. Now, serious participants are looking for depth, reliability, and cultural value. Ethereum is meeting these needs.

The main point is that the NFT market is not shrinking, but maturing. Money is concentrating, collectors are more selective, and only platforms with real value will succeed in this next stage.

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Ethereum (ETH): $4,000 Incoming, XRP Ready to Lose $3, Dogecoin (DOGE) in Risky Position https://earlybirdsinvest.com/ethereum-eth-4000-incoming-xrp-ready-to-lose-3-dogecoin-doge-in-risky-position/ https://earlybirdsinvest.com/ethereum-eth-4000-incoming-xrp-ready-to-lose-3-dogecoin-doge-in-risky-position/#respond Thu, 31 Jul 2025 07:47:33 +0000 https://earlybirdsinvest.com/ethereum-eth-4000-incoming-xrp-ready-to-lose-3-dogecoin-doge-in-risky-position/
  • XRP bets $3
  • Dogecoin should not be ignored

Ethereum is demonstrating once more that it is not turning bearish. ETH has aggressively risen since making a clean and powerful breakout above consolidation at about $3,000 earlier in July. It is currently trading just below the psychological $4,000 barrier. Ethereum is just one candle away from testing a resistance level that has historically functioned as a wall and a magnet at $3,815.

Momentum is clearly strong when looking at the structure. On the daily time frame, the trend is clear: there are higher highs and lows as well as no indications of weakness. The moving averages of Ethereum have now spread into a classic bullish alignment after it surged through them. The 21-day EMA is acting as dynamic support, assisting in the price’s upward grind, while volume, despite a slight taper, is still stable for the time being.

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ETH/USDT Chart by TradingView

However, $4,000 is by no means a small checkpoint. It is a dense area of resistance that served as a distribution top for several cycles in the past. Without a fakeout or retest, a direct break is statistically unlikely. If anything, bulls might get one wick through it, but it will take significant buying pressure in addition to momentum traders piling in to keep the price above $4,000.

The fact that the RSI is above 80 indicates that the market is extremely overbought. That increases the likelihood of a cooling period, either through a sideways chop or a brief pullback, but it does not guarantee a sharp reversal in ETH. Regardless, the market tends to consolidate following runs like, this and the move thus far has been parabolic.

Ethereum may go through $4,000 in a decisive push if it can maintain its position above $3,750 and withstand profit-taking without collapsing. A retracement toward $3,400 or even $3,200, on the other hand, would simply reset the fuel for a cleaner breakout later on and would disrupt the bullish structure. 

XRP bets $3

The recent price movement of XRP points to a waning trend, and the $3 mark is currently teetering. XRP surpassed forecasts and reached highs above $3.70, following a dramatic parabolic breakout in July. However, momentum has since slowed, and the asset has entered a grinding slow correction that could potentially reverse a large portion of the gains from just a few weeks ago.

With several days of lower highs and lower closes, XRP is currently trading at about $3.11 and is slowly declining without the kind of bounce you would anticipate from intense dip-buying activity. Instead of accumulation, the daily candles depict distribution, which is a warning sign for bulls.

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An equally uninspiring picture is painted by volume. Not only is there no aggressive selling going on, but more significantly, there are no indications that buyers are taking decisive action. The absence of volume support implies that the current correction may not be finished and may even go deeper.

The Relative Strength Index, which is still high but is gradually declining, indicates that there is no longer any bullish thrust available due to the overbought situation. The psychological and technical significance of the $3 level is currently XRP’s biggest issue. If that is lost, the next support will not come until the $2.99-$2.75 range, which is where the last significant consolidation took place prior to the breakout. The bullish impulse that thrilled investors a short while ago could be wiped out if XRP does not find stability soon. 

Dogecoin should not be ignored

After experiencing a dramatic reversal from its recent rally, Dogecoin is currently trading at a risky low. After briefly rising above $0.29, DOGE has since fallen back to $0.22, wiping out a sizable amount of its gains and displaying warning indications of weakness that investors should not disregard.

DOGE returned below critical moving averages in July after a sharp, nearly vertical correction, according to the chart. When the price does not stabilize close to the top and instead forms a regular pattern of lower highs and lower lows, as we are currently seeing, this type of move frequently indicates an exhausted trend. Because of the unusually high volume during the correction, it appears that more traders are selling their positions and fewer are joining the dip to buy it.

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Unless DOGE finds support soon, probably around $0.21, it may be in for a deeper decline because this is not a healthy setup. The RSI, which has cooled off from overbought territory and is currently trending downward — indicating waning bullish momentum — is adding more fuel to the bearish case.

Given the lack of obvious consolidation or reversal signals, DOGE may be at risk of further declines, possibly testing levels close to $0.20 or even $0.19 in the event that market sentiment worsens. DOGE must firmly recover from this current level with strong volume supporting the move in order to change the course of events.

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Fraudster Sells Check Images Stolen From Billion-Dollar Bank’s System, Causing Lender To Lose $108,000 https://earlybirdsinvest.com/fraudster-sells-check-images-stolen-from-billion-dollar-banks-system-causing-lender-to-lose-108000/ https://earlybirdsinvest.com/fraudster-sells-check-images-stolen-from-billion-dollar-banks-system-causing-lender-to-lose-108000/#respond Wed, 23 Jul 2025 21:57:36 +0000 https://earlybirdsinvest.com/fraudster-sells-check-images-stolen-from-billion-dollar-banks-system-causing-lender-to-lose-108000/

The Office of the Comptroller of the Currency (OCC) is taking action against a former bank employee who allegedly sold check images that resulted in a six-figure loss for the lender.

The OCC says it’s issuing an order of prohibition against Cricel Santamaria, a former client service representative at Webster Bank in Stamford, Connecticut.

Says the OCC,

“From approximately April 2019 until May 23, 2022, the respondent was employed at the bank. Between approximately October 2021 and April 2022, the respondent obtained approximately 62 check images from the bank’s internal systems and made them available for sale over the internet.

Thirteen bank customers reported fraud on their accounts shortly after their checks were made available for sale on the internet. The total fraud reported was $237,374 and the total Bank loss was approximately $108,000.”

According to the OCC, Santamaria “engaged in unsafe or unsound practices, caused more than a minimal loss to the bank, demonstrated personal dishonesty and willful or continuing disregard for the safety and soundness of the bank.”

The OCC order prohibits the ex-banker from working in the banking and financial services industry.

Santamaria consents to the OCC order without admitting or denying any wrongdoing. Under the order, the Department of Justice (DOJ) retains its right to “bring other actions deemed appropriate” against Santamaria.

The Webster Bank, a commercial bank based in Stamford, Connecticut, has more than $70 billion in assets under management.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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JPMorgan Chase, Citi and Wells Fargo Lose $5,361,000,000 To Bad Loans in One Quarter As Customers Fail To Pay Debt https://earlybirdsinvest.com/jpmorgan-chase-citi-and-wells-fargo-lose-5361000000-to-bad-loans-in-one-quarter-as-customers-fail-to-pay-debt/ https://earlybirdsinvest.com/jpmorgan-chase-citi-and-wells-fargo-lose-5361000000-to-bad-loans-in-one-quarter-as-customers-fail-to-pay-debt/#respond Sat, 19 Jul 2025 09:02:45 +0000 https://earlybirdsinvest.com/jpmorgan-chase-citi-and-wells-fargo-lose-5361000000-to-bad-loans-in-one-quarter-as-customers-fail-to-pay-debt/

JPMorgan Chase, Citi and Wells Fargo say they’ve lost $5.361 billion from customers who can no longer pay their debt.

In their Q2 2025 earnings reports, the three major banks disclosed billions of dollars in losses from “net charge-offs” — loans written off as uncollectible after all efforts to recover payments proved unsuccessful.

Among the trio, JPMorgan Chase reported the highest level of charge-offs at $2.4 billion, predominantly driven by bad credit card debt.

Meanwhile, Citi wiped $2.234 billion in bad loans off its books, including $1.889 billion tied to its retail credit card portfolio.

And Wells Fargo recorded $977 million in net charge-offs, fueled by $818 million in sour loans from its consumer banking and lending segment.

The figures come as fresh data from the Federal Reserve Bank of New York shows that US credit card balances reached $1.18 trillion by the end of March 2025.

Despite the losses, Citi reported a $225 million decline in net credit losses quarter-over-quarter, and Wells Fargo saw a $12 million decrease in net charge-offs over the same period. However, JPMorgan witnessed an increase of at $179 million in net charge-offs over the three-month period.

Additionally, the three banks reported strong earnings in Q2, with JPMorgan, Citi and Wells Fargo generating $15 billion, $4 billion and $5.5 billion in net income, respectively.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The big, beautiful bill will cause millions to lose Medicaid. Trump and Republicans will be to blame. https://earlybirdsinvest.com/the-big-beautiful-bill-will-cause-millions-to-lose-medicaid-trump-and-republicans-will-be-to-blame/ https://earlybirdsinvest.com/the-big-beautiful-bill-will-cause-millions-to-lose-medicaid-trump-and-republicans-will-be-to-blame/#respond Tue, 01 Jul 2025 20:10:09 +0000 https://earlybirdsinvest.com/the-big-beautiful-bill-will-cause-millions-to-lose-medicaid-trump-and-republicans-will-be-to-blame/

Senate Republicans have passed President Donald Trump’s “big, beautiful bill,” a move that will make major changes to Medicaid through establishing a work requirement for the first time and restricting states’ ability to finance their share of the program’s costs. If the bill ultimately becomes law after passing the House and receiving Trump’s signature — which could all happen before Friday — American health care is never going to be the same.

The consequences will be dire.

The Congressional Budget Office estimates that the legislation would slash Medicaid spending by more than $1 trillion and that nearly 12 million people would lose their health insurance. Republicans added a last-minute infusion of funding for rural hospitals to assuage moderates skittish about the Medicaid cuts, but hospitals say the legislation will still be devastating to their business and their patients.

When combined with the expiration of Obamacare subsidies at the end of this year, which were not addressed in the budget bill, and the other regulatory changes being made by the Trump administration, the Republican policy agenda could lead to an estimated 17 million Americans losing health coverage over the next decade, according to the health policy think tank KFF.

Fewer people with health insurance is going to mean fewer people getting medical services, which means more illness and ultimately more deaths.

One recent analysis by a group of Harvard-affiliated researchers of the House Republicans’ version of the budget bill (which included the same general outline, though some of the provisions have been tweaked in the Senate) concluded that 700,000 fewer Americans would have a regular place to get medical care as a result of the bill. Upward of 200,000 fewer people would get their blood cholesterol or blood sugar checked; 139,000 fewer women would get their recommended mammograms. Overall, the authors project that between 8,200 and 24,600 additional Americans would die every year under the Republican plan. Other analyses came to the same conclusion: Millions of Americans will lose health insurance and thousands will die.

After a painful legislative debate in which some of their own members warned them not to cut Medicaid too deeply, Republicans succeeded in taking a big chunk out of the program to help cover the costs of their bill’s tax cuts. They have, eight years after failing to repeal Obamacare entirely, managed to strike blows to some of its important provisions.

So, for better or worse, they own the health care system now, a system that is a continued source of frustration for most Americans — frustrations that the Republican plan won’t relieve. The next time health care comes up for serious debate in Congress, lawmakers will need to repair the damage that the GOP is doing with its so-called big, beautiful bill.

How the Republican budget bill will drive up health care costs for everyone

The effects of the budget bill won’t be limited only to the people on Medicaid and the people whose private insurance costs will increase because of the Obamacare funding cuts. Everyone will experience the consequences of millions of Americans losing health coverage.

When a person loses their health insurance, they are more likely to skip regular medical checkups, which makes it more likely they go to a hospital emergency room when a serious medical problem has gotten so bad that they can’t ignore it any longer. The hospital is obligated by federal law to take care of them even if they can’t pay for their care.

Those costs are then passed on to other patients. When health care providers negotiate with insurance companies over next year’s rates, they account for the uncompensated care they have to provide. And the fewer people covered by Medicaid, the more uncompensated care hospitals have to cover, the more costs are going to increase for even people who do have health insurance. Republicans included funding in the bill to try to protect hospitals from the adverse consequences, an acknowledgement of the risk they were taking, but the hospitals themselves are warning that the funding patches are insufficient. If hospitals and doctors’ offices close because their bottom lines are squeezed by this bill, that will make it harder for people to access health care, even if they have an insurance card.

The effects of the Republican budget bill are going to filter through the rest of the health care system and increase costs for everyone. In that sense, the legislation passage marks a new era for US health policy. Since the Affordable Care Act passed in 2010, Democrats have primarily been held responsible for the state of the health care system. Sometimes this has been a drag on their political goals. But over time, as the ACA’s benefits became more ingrained, health care became a political boon to Democrats.

Going forward, having made these enormous changes, Republicans are going to own the American health care system and all of its problems — the ones they created and the ones that have existed for years.

The BBB’s passage sets the stage for another fight on the future of American health care

For the past decade-plus, US health care politics have tended to follow a “you break it, you buy it” rule. Democrats discovered this in 2010: Though the Affordable Care Act’s major provisions did not take effect for several years, they saw their popularity plummet quickly as Republicans successfully blamed annual premium increases that would’ve occurred with or without the law on the Democrats and their new health care bill. Voters were persuaded by those arguments, and Democrats lost Congress in the 2010 midterms.

But years later, Americans began to change their perception. As of 2024, 44 million Americans were covered through the 2010 health care law and two-thirds of the country say they have a favorable view of the ACA. After the GOP’s failed attempt to repeal the law in 2017, the politics of the issue flipped: Democrats scored major wins in the 2018 midterms after successfully campaigning against the GOP’s failed plan to repeal the ACA. Even in the disastrous 2024 election cycle for Democrats, health care policy was still an issue where voters trusted Kamala Harris more than Trump.

Trump’s One Big Beautiful Bill is already unpopular. Medicaid cuts specifically do not poll well with the public, and the program itself is enjoying the most popularity ever since it was first created in 1965. Those are the ingredients for a serious backlash, especially with government officials and hospitals in red states railing hard against the bill.

Democrats have more work to do on explaining to the public what the bill does and how its implications will be felt by millions of people. Recent polling suggests that many Americans don’t understand the specifics. A contentious debate among Republicans, with several solitary members warning against the consequences of Medicaid cuts, have given politicians on the other side of the aisle good material to work with in making that case: Democrats can pull up clips of Sen. Thom Tillis (R-NC) on the Senate floor, explaining how devastating the bill’s Medicaid provisions would be to conservative voters in Republican-controlled states.

Republicans will try to sell the bill on its tax cuts. But multiple analyses have shown the vast majority of the benefits are going to be reserved for people in higher-income brackets. Middle-class and working-class voters will see only marginal tax relief — and if their health care costs increase either because they lose their insurance or because their premiums go up after other people lose insurance, then that relief could quickly be wiped out by increased costs elsewhere. That is the story Democrats will need to tell in the coming campaigns.

Medicaid has served as a safety net for tens of millions of Americans during both the Great Recession of 2008 and since the pandemic recession of 2020. At one point, around 90 million Americans — about one in four — were covered by Medicaid. People have become much more familiar with the program and it has either directly benefited them or helped somebody that they know at a difficult time.

And difficult times may be coming. Economists have their eyes on concerning economic indicators that the world may be heading toward a recession. When a recession hits — that is, after all, inevitable; it’s just the normal cycle of the economy — people will lose their jobs and many of them will also lose their employer-sponsored health insurance. But now, the safety net is far flimsier than it was in previous crises.

Republicans are going to own those consequences. They took a program that had become an essential lifeline for millions of Americans and having schemed to gut the law ever since the Democrats expanded Medicaid through the ACA more than a decade ago, have finally succeeded. This Republican plan was a reaction to their opponent’s most recent policy overhaul; the next Democratic health care plan will need to repair the harms precipitated by the GOP budget bill.

In the meantime, the impetus is on Democrats and truth tellers in the media to help Americans understand what has happened, why it has happened, and what the fallout is going to be.

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Authors Lose Copyright Fight as Meta’s AI Use Deemed Fair https://earlybirdsinvest.com/authors-lose-copyright-fight-as-metas-ai-use-deemed-fair/ https://earlybirdsinvest.com/authors-lose-copyright-fight-as-metas-ai-use-deemed-fair/#respond Sun, 29 Jun 2025 04:17:50 +0000 https://earlybirdsinvest.com/authors-lose-copyright-fight-as-metas-ai-use-deemed-fair/

A US court has ruled in favor of Meta in a copyright case brought by a group of writers who claimed the company used their books without permission to train its artificial intelligence (AI) systems.

The lawsuit was filed by 13 authors, including Sarah Silverman, Junot Díaz, and Andrew Sean Greer. They argued that Meta’s use of their books to build language models was a copyright violation.

However, Judge Vince Chhabria said in a June 25 court document that the authors did not provide enough proof that Meta’s actions harmed the market for their work. He explained that their claims lacked detail and did not demonstrate how the AI tools might reduce demand for their books or affect future sales.

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Without this kind of evidence, he found the use to fall under what the law allows as “fair use”.

Still, Judge Chhabria noted that this decision should not be taken as approval of how tech companies are collecting and using copyrighted material. He stated that the ruling only applies to this specific case and should not be seen as a statement about AI training practices in general.

In his ruling, Judge Chhabria stated that AI systems can produce huge amounts of content very quickly, which could reduce the need for human-made work. If that happens, it might lower the value of creative work and discourage people from making it in the first place.

On June 23, Judge William Alsup ruled that Anthropic’s use of legally purchased books to train its artificial intelligence (AI) models was lawful. What did he say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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