The cryptocurrency market experienced significant volatility today, with Bitcoin (BTC) hovering around $108,000. This fluctuation follows U.S. President Donald Trump's announcement of a proposed 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones. The unexpected trade threats have unsettled global markets, leading to a $500 million loss for crypto bulls as leveraged positions were liquidated.
Despite the market's instability, Bitcoin remains strong, trading at around $109,273 during active sessions.
In other developments, Bitcoin Solaris (BTC-S), a new eco-friendly blockchain project, has raised over $1 million during its presale phase. The project aims to offer a mobile-first, energy-efficient blockchain solution, with its official launch scheduled for July 31, 2025.
Additionally, the altcoin market is seeing growing interest in AI-integrated cryptocurrencies. Bittensor (TAO), an AI-focused crypto project, is leading this trend, suggesting the beginning of a new season for AI coins.
In a separate incident, a crypto entrepreneur in New York City is under investigation for allegedly torturing a man in his luxury apartment. The case has raised concerns about the darker side of the crypto industry.
As the market reacts to these developments, investors are advised to stay informed and exercise caution.
From May 17 to May 22, Binance organized pizza-themed events across 20 countries on five continents. These included in-person pizza parties, Binance-branded pizza vans delivering pizzas directly to users, and meetups where crypto enthusiasts could connect and celebrate together. In Dubai, Binance's Chief Marketing Officer, Rachel Conlan, personally delivered pizzas to top users, highlighting the company's commitment to its community.
🎁 Promotions and Giveaways
To engage users worldwide, Binance launched several promotions:Finance Feeds
$5 Million BTC Giveaway: Users could refer friends to Binance and unlock "Pizza Boxes" worth up to $20 in BTC for each successful referral. The top 100 referrers shared an additional $50,000 in BTC, with the first-place winner receiving $5,000.
Fan Token Rewards: By participating in the Binance Fan Club and sending pizza-themed invitations, users had the chance to share a reward pool of up to $5,000 in Fan Token vouchers.
Scavenger Hunt: A Bitcoin Pizza Day Scavenger Hunt allowed participants to solve puzzles and unlock decentralized wallets containing 1,000,000 satoshis each. Additionally, sharing the event on social media provided a chance to win a share of $3,000 in BTC gift cards.
Introduction of $PIZZA Meme Coin As part of the celebration, Binance has introduced $PIZZA, a meme coin on the BNB Chain. The community anticipates increased activity around this token by May 22. #BinancePizza
XRPTurbo Gains Traction: As Bitcoin hits new highs, investors are turning to XRPTurbo, which recently launched liquid staking and plans to introduce an AI agent launchpad, signaling innovation in the altcoin space.