Trump announces customs talks with China for Monday
❎ I think we would see big market moves.
After a telephone conversation with Chinese President, Trump is pushing for a solution to the tariff dispute with Beijing. New talks are scheduled for Monday, and the US president is already praising the outcome. At the same time, Washington is reportedly halting deliveries of spare parts for Chinese nuclear power plants.
The labor market is providing a tailwind for Wall Street.
The dispute between Musk and Trump is only a marginal concern for Wall Street. Tesla shares are recovering slightly after their slump. Surprisingly strong labor market data and signals from China regarding the tariff dispute are driving significant increases into the weekend. Hopes for progress in the tariff conflict between the US and China, as well as the eagerly awaited US labor market report, boosted Wall Street at the end of the week. Three high-ranking US officials will meet with their Chinese counterparts next week, US President Donald Trump announced on Truth Social. The goal is to find a way out of the trade conflict. Trump had already had a "very good phone call" with the Chinese president on Thursday about the trade dispute between the two countries. Following the weak ADP and weekly labor market data, the official labor market report for May appeared surprisingly robust at first glance. Employment growth slowed but was stronger than forecast. However, some previous months were revised significantly downward. At the same time, average hourly wages rose more than expected—a sign that labor demand has not yet weakened. The stock market generally viewed the data positively.
Build on BNB (BOB) Price Prediction 2025 Predicted Range:
The price of BOB in 2025 will heavily depend on its ability to maintain community interest and viral appeal.
Given the recent price surge of over 100% in a single day, BOB could easily breach the $0.50000020 mark by the end of 2025 if sentiment holds and Binance continues to casually support the narrative.
Meme coins generally operate in cycles tied to broader cryptocurrency market sentiment. If Bitcoin continues its bull run in 2025, expect BOB to follow suit. However, if the hype wanes, consolidation around the $0.000000010$ range is more likely.
Investors are also awaiting the US jobs report, which will be released on Friday. Experts expect fewer new non-farm jobs to be created in the US in May. Data from private data provider ADP on Wednesday also showed a decline, while initial jobless claims increased for the second consecutive week. "I don't think this is a serious warning sign yet, but it does show that the labor market is gradually weakening," said Kevin Gordon, strategist at financial services provider Charles Schwab. At the same time, investors hoped that weak jobs data could prompt the US Federal Reserve to cut interest rates, said Jim Reid of Deutsche Bank. The central bank is trying to curb high inflation and cool the overheated labor market by raising interest rates. "Yesterday's numbers weren't so bad that they reignited recession fears, and market participants didn't want to overvalue a single day of economic data," said Reid. "But they have led investors to now expect more interest rate cuts this year.
The feud between Trump and Musk is dragging Wall Street down.
After initial gains, Wall Street is now on its knees at the close of trading. For days, Tesla CEO Musk has been lashing out at the US government's tax law. Now US President Trump is threatening to withdraw orders from the tech billionaire. The electric car manufacturer's stock is plummeting. The escalating dispute between US President Donald Trump and Tesla CEO Elon Musk sent the US automaker's shares plummeting this evening. With a 14 percent drop, the company lost around $150 billion in market value. The conflict between Trump and Musk also weighed on Wall Street. In addition, speculation about further developments in the US tariff dispute with China caused unsettled trading. The feud between Trump and Musk was triggered by a tax and spending bill pushed by the president. Musk recently intensified his criticism, while Trump accused him of opposing the bill because it would eliminate tax credits for electric vehicles. "The impact on Tesla stock is obvious," said Mark Spiegel, portfolio manager at Stanphyl Capital. However, he doesn't see any significant consequences for the rest of the market, apart from the minor impact on indices and index funds. "The overall stock market has enough problems, but Tesla isn't one of them." Meanwhile, after a phone call between US President Donald Trump and Chinese President, stock market traders are hoping for a de-escalation in the recently reignited tariff conflict. According to Trump, the conversation lasted about an hour and a half and ended with a very positive outcome for both countries. Trump also announced that delegations from both countries would meet shortly. The heads of state have also invited each other. "I have no idea what the outcome will be." "That's exactly what makes investing so difficult right now," said Jed Ellerbroek, portfolio manager at Argent Capital Management. "I think it's less about predicting what Trump will do than about building a portfolio that can thrive even in unpredictable circumstances.#TrumpVsMusk
There are manipulation tactics that are often used by whales, and they are much more sophisticated. This includes the so-called "Pump and Dump" system. In such a scenario, a group of whales or traders come together to create an artificial increase in the price of a low market cap cryptocurrency through coordinated buying. Once the price rises to a new level (thanks to smaller, unsuspecting investors who are also buying), they start to sell this coin for enormous profits. This causes the coin's price to crash, leaving small investors with significant losses.
📈📉 📈 It is important for us as small investors: Hold on and don't go crazy over fluctuations. When it goes down, it will also go back up. 99% it is unlikely that we will suddenly become millionaires. Our focus is on long-term healthy accumulation.
Don't be misled by market fluctuations. Be wise and think long-term. When it goes down, it will come back up. Don't panic and sell for a few $ . We want the big one 👊🏾. The BOB family is a strong community ⚔️
A series of kidnappings kept crypto investors in France on edge. The alleged head of the gang has now been arrested.
• The alleged mastermind behind a series of kidnappings in France, whose victims were wealthy crypto investors, has reportedly been captured by the police.
• According to French media, the Moroccan police have arrested a suspect who is said to have commissioned the kidnappings.
This suspect is reportedly a 24-year-old of Franco-Moroccan descent. France's Minister of Justice, Gérald Darmanin, praised the arrest in a post on X.
• “I sincerely thank Morocco for this arrest, which demonstrates the excellent judicial cooperation between our two countries, especially in combating organized crime,” Darmanin said.
• Interpol had already issued a Red Notice for the suspect in 2023, as he was allegedly linked to other kidnappings and criminal activities.
• The incidents involve the attempted kidnapping of the daughter of a French crypto exchange CEO, which occurred on May 13 in broad daylight in Paris. Days earlier, the father of a crypto entrepreneur was freed after being held for several days in connection with ransom demands. More on this here: Several arrests in France.
❎ BOB has risen by more than 1,180,000% since its all-time low in 2024.
❎ Currently ranked 603 with a market capitalization of 42 million US dollars and more than 34 million dollar holders.
❎ The strong support from the BSC community contributes to its hype-driven price movement. Long-term growth depends on community engagement and Binance support.
💡 Update: Binance Futures will launch a perpetual contract with USDS-Margined of 1000000 BOB/USDT (2025-06-05)
It is your favorable opportunity to shop at BOB Binance Alpha. The train will depart soon, and it could be your last chance to achieve something great with a small investment.
Binance Futures, a leading platform in the cryptocurrency trading ecosystem, has announced the listing of a new perpetual contract, BOBUSDT. This development is a significant expansion of the platform's offerings and provides traders with the opportunity to participate in perpetual futures trading with the BOB token in conjunction with USDT.
The listing of the BOBUSDT perpetual contract is a strategic initiative by Binance Futures to broaden its range of trading options. Perpetual contracts are a type of derivative that has no expiration date, allowing traders to hold their positions indefinitely. This feature is particularly attractive to traders who wish to maintain long-term positions without the constraints of contract expiration.
The introduction of the BOBUSDT perpetual contract is expected to attract a variety of traders, from newcomers to the cryptocurrency market to experienced traders looking to diversify their portfolios. Pairing the contract with USDT, a stablecoin pegged to the US dollar, provides a stable trading foundation and mitigates the volatility typically associated with cryptocurrency markets.
This move by Binance Futures underscores the platform's commitment to innovation and its efforts to meet the evolving needs of its user base. By offering a wider array of trading instruments, Binance Futures aims to enhance the trading experience and provide traders with more opportunities to benefit from market movements. The listing of the BOBUSDT perpetual contract demonstrates the platform's dedication to staying at the forefront of the cryptocurrency trading industry.
The global exchange for digital assets (cryptocurrencies) Binance lists BuildonBNB (1,000,000 BOB) Perpetual Futures. On the 4th (local time), Binance announced on its official website: "On the 5th at 5:30 PM (KST), we will list the 1,000,000 BOB/USDT perpetual futures." Up to 50x leverage will be supported.