Elon Musk Just Sent Shockwaves Through the Crypto World ā Hereās What You Need to Know
Once again, Elon Musk has ignited excitement across the crypto space. In a recent talk, he shared his vision for digital currencies ā and itās big.
What Elon Said: āCrypto has the potential to reshape the internet and financial freedom ā weāre only scratching the surface.ā But he didnāt stop thereā¦
Elon hinted that X (formerly Twitter) may soon support crypto payments, including Dogecoin (DOGE) and possibly Bitcoin (BTC). Think: tipping, shopping, or even sending money globally ā all built right into the app.
Why This Could Be Huge:
1. Elon Moves Markets
His words alone have moved coins. A simple tweet from Musk has sent DOGE flying in the past ā and it might happen again.
2. Real Use Cases Are Coming
X is not just talking ā itās building financial features. This isn't hype. It's infrastructure.
3. DOGE May Take Off
If Dogecoin becomes integrated into daily life on X, it could spark another meme-powered rally.
Tesla may bring back Bitcoin payments ā or reload its BTC reserves. Starlink accepting crypto could bring decentralized payments to places the banking world canāt reach.
Musk doesnāt just make bold claims ā he acts on them.
If X, Tesla, and Starlink form a connected, crypto-enabled ecosystem, we could see the kind of mainstream adoption crypto has long dreamed of.
Bitcoinās recent journey has been anything but dull. After nearly touching $98,000 last Friday, the price pulled back to find support at $94,000 by Sunday. Now, investors are watching closelyāwondering if this is just a pause before a new rally or the start of a deeper decline. With a higher low in place, some signs point to potential upward movement, possibly even breaking past the $100,000 barrier. In the wider economic landscape, uncertainty still lingers. The global market remains on edge ah
Embracing every challenge as a chance to grow, Iāve crafted this portfolio with passion, precision, and purpose. Each task reflects a commitment to learning, adapting, and achieving excellence in the dynamic world of blockchain and crypto. Binance represents innovation and global impactāvalues that deeply inspire my journey. With every trade, design, or strategy, I strive to bring value, clarity, and results. This portfolio isn't just a showcase; itās a reflection of dedication and belief in limitless potential. Excited to be part of a community thatās shaping the futureāone block, one idea, one bold move at a time.
References: Abu-Bakar, M. (2017). Shariah Analysis of Bitcoin. AAOIFI Shariah Standards (2022). Nahdlatul Ulama Fatwa (2023). Adam, F. (2020). Bitcoin: Shariah Compliant?
Rejaul Hasnat
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Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
Over 20 million Muslims in Indonesia already trade crypto, showing practical integration.
Rejaul Hasnat
--
Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
Blockchain technology enhances transparency, reducing fraud and gharar through immutable records and smart contracts. A 2023 fatwa by Indonesiaās Nahdlatul Ulama declared crypto halal when used lawfully.
Rejaul Hasnat
--
Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
Sheikh Shawki Allam (2021) emphasized compliance with riba-free, low-gharar principles. Stablecoins and asset-backed tokens, such as gold-backed PAX Gold, reduce volatility and align with Shariahās preference for tangible assets.
Rejaul Hasnat
--
Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
Mufti Muhammad Abu-Bakar (2017) argued Bitcoin can be halal as a medium of exchange. Malaysiaās Shariah Advisory Council (2020) allowed crypto trading under ethical conditions.
Rejaul Hasnat
--
Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
Cryptocurrency and Islamic Finance: Debunking the Haram Myth
Cryptocurrency, a decentralized digital asset, has sparked debates within Islamic finance regarding its permissibility (halal) or prohibition (haram). Misconceptions often arise from equating crypto with gambling (maysir) or uncertainty (gharar), leading to rumors that itās inherently haram. This article explores why these rumors persist, what Islamic scholars say, and provides evidence supporting cryptoās permissibility under Shariah.
Why the Haram Rumors Persist Rumors labeling cryptocurrency as haram stem from its volatility, anonymity, and association with speculative trading. Critics argue it resembles gambling due to price fluctuations or lacks tangible backing, akin to riba (usury). Misinformation also spreads due to a lack of understanding of blockchain technology. Early skepticism from some scholars, unfamiliar with cryptoās mechanics, fueled these claims. Additionally, media reports of crypto scams and unregulated markets amplify distrust, overshadowing its potential as a legitimate financial tool.
Islamic Scholarsā Perspectives Islamic scholars are divided but increasingly open to cryptocurrencies. Early fatwas, like those from Egyptās Dar al-Ifta (2018), deemed Bitcoin haram, citing speculation and lack of state backing. However, progressive scholars argue that crypto aligns with Islamic principles when used correctly. Mufti Muhammad Abu-Bakarās 2017 paper, āShariah Analysis of Bitcoin,ā concludes that Bitcoin is permissible as a medium of exchange, provided it avoids excessive speculation. The Shariah Advisory Council of Malaysia (2020) also declared crypto trading halal under certain conditions, emphasizing transparency and utility.
BNB shows strength in utility, BTC leads as digital gold, and ETH powers smart contractsāeach with real use but ongoing challenges. Diversifying across all three offers balance as crypto adoption and innovation continue to grow. #BNB #Bitcoin #Ethereum #CryptoFuture
Rejaul Hasnat
--
"Haters say cryptoās deadāyet here we are, with Bitcoin buying islands, Ethereum building the new internet, and BNB sponsoring the party. Looks like the obituary was written by someone still waiting for their bank transfer to clear!" $BNB $BTC $ETH
š BNB is holding strong at $591.58, despite a minor dip today. Binanceās ecosystem continues to expand with the Seeds Program and BNB Chain growth fueling adoption. From DeFi to NFTs, BNB remains the workhorse for fast, low-cost transactions. Rumors around a major new BNB-backed launchpad are building bullish momentum. š” #BinanceSquare #BNBUtility #CryptoGrowth
š Meanwhile, Bitcoin at $94,608, with temporary pullbacks being seen as buying opportunities by whales. Institutional inflows continue, and a $100K+ target by July is being echoed by analysts watching ETF flows and macro trends. BTC's "digital gold" role is solidified, even as the Fed hints at rate pauses. š¦ #BTC #StoreOfValue #CryptoBoom
āļø #ETH priced at $1,821, is steady with developers prepping for the next wave of scaling upgrades. ETHās dominance in NFTs, DeFi, and Layer-2s remains unchallenged. With the roadmap focused on efficiency and gas fee reduction, ETH is still the go-to for serious builders and long-term holders. š #ETHETFsApproved #Web3 #SmartContracts
"Haters say cryptoās deadāyet here we are, with Bitcoin buying islands, Ethereum building the new internet, and BNB sponsoring the party. Looks like the obituary was written by someone still waiting for their bank transfer to clear!" $BNB $BTC $ETH
š BNB is holding strong at $591.58, despite a minor dip today. Binanceās ecosystem continues to expand with the Seeds Program and BNB Chain growth fueling adoption. From DeFi to NFTs, BNB remains the workhorse for fast, low-cost transactions. Rumors around a major new BNB-backed launchpad are building bullish momentum. š” #BinanceSquare #BNBUtility #CryptoGrowth
š Meanwhile, Bitcoin at $94,608, with temporary pullbacks being seen as buying opportunities by whales. Institutional inflows continue, and a $100K+ target by July is being echoed by analysts watching ETF flows and macro trends. BTC's "digital gold" role is solidified, even as the Fed hints at rate pauses. š¦ #BTC #StoreOfValue #CryptoBoom
āļø #ETH priced at $1,821, is steady with developers prepping for the next wave of scaling upgrades. ETHās dominance in NFTs, DeFi, and Layer-2s remains unchallenged. With the roadmap focused on efficiency and gas fee reduction, ETH is still the go-to for serious builders and long-term holders. š #ETHETFsApproved #Web3 #SmartContracts
$SOL is shining bright as it continues its impressive rally, currently trading near $147 after a remarkable 41% surge this month. Fueled by growing institutional interest and booming decentralized application activity, Solanaās high throughput and low fees are winning over developers and users alike. The imminent launch of Solaxy, Solanaās first Layer-2 solution, promises to unlock greater scalability, while meme coin and NFT ecosystems add vibrancy to the network. With robust technical upgrades on the horizon and a passionate community driving adoption, Solana stands poised to break new ground, making it one of the exciting projects in crypto today.
#USStablecoinBill As of early May 2025, the Senateās bipartisan #USStablecoinBill faces turbulence as nine Senate Democrats withdrew support over antiāmoney laundering and systemic risk concerns, jeopardizing the legislationās passage despite an 18ā6 committee vote led by Sens. Bill Hagerty and Kirsten Gillibrand.
Meanwhile, cryptocurrency executives are ramping up their lobbying to permit interest payments on dollarāpegged tokens. While the Senate draft remains ambiguous on yield, the House version outright bans itāpitting industry advocates like Circleās leadership against banking groups worried about deposit flight and financial stability.
On the privateāsector front, Visaās recent partnership with Bridge to roll out stablecoinālinked cards across Latin America illustrates corporate anticipation of U.S. regulation, enabling consumers to spend USDC and USDT at any merchant accepting Visa. New York Attorney General Letitia James has also pressed Congress to mandate a U.S. presence and highāquality reserve backing, heightening the urgency for robust oversight.
Looking ahead, lawmakers have until August 2025āthe deadline urged by the White Houseās crypto advisersāto reconcile these divergent views or risk ceding leadership to offshore regimes. If compromise yields clear, balanced rules, stablecoins could see accelerated institutional adoption and integration into realātime payments. If not, regulatory fragmentation may drive innovationāand liquidityābeyond U.S. shores.
#MarketPullback As of May 5, 2025, the global market pullback is being viewed by many seasoned investors as a healthy and much-needed reset rather than a crisis. After months of aggressive rallies, especially in tech and AI-driven stocks, the current dip presents a golden opportunity for strategic entry. Warren Buffett recently emphasized in his Berkshire Hathaway shareholder meeting that "corrections are part of long-term growth"āa sentiment echoed by institutions accumulating positions during the dip.
Oil prices easing after OPEC+ increased output could help curb inflationary pressures, potentially giving central banks more room to adjust interest rates favorably. In the crypto space, while Bitcoin has slightly retracted to $64,658 and Ethereum to $1,814, analysts from major firms like Ark Invest suggest these movements are consolidation phases ahead of another leg up, driven by increasing institutional adoption and Layer 2 innovation.
Retail traders are turning cautious but optimistic, looking at this phase as a āsecond chanceā to invest in high-potential assets at discounted prices. Predictions indicate a rebound by Q3 2025 as economic fundamentals stabilize and geopolitical uncertainties settle. For smart investors, this pullback isn't a setbackāit's a setup for the next wave of growth.