Billionaire Brawl: Trump vs Musk-Here is WHY They are Fighting
Donald Trump and Elon Musk are embroiled in a heated public spat, with their disagreement centered around Trump's decision to cut subsidies for electric vehicles, which directly impacts Musk's business interests. Here's a breakdown of the situation : The Cause of the Conflict Trump's administration plans to terminate the EV tax credit, previously established under Joe Biden's Inflation Reduction Act.Musk claims he wasn't aware of the law's specifics before it passed, contradicting Trump's assertion that Musk had approved it. The Public Exchange Trump accused Musk of "going crazy" after the EV regulations and suggested terminating his government subsidies and contracts to save billions of dollars in the budget.Trump stated, "The easiest way to save billions of dollars in our budget would be to terminate Elon's government subsidies and contracts. I've always been surprised Biden didn't do that."Musk retaliated, claiming Trump wouldn't have won the election without his support, saying, "Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate." He also added, "Such ingratitude". Escalation Musk hinted at Trump's involvement in the Epstein files, stating, "[Donald Trump] is in the Epstein files. That is the real reason they have not been made public."Musk also suggested impeaching Trump, responding with a simple "Yes" to a post about it.Furthermore, Musk announced that SpaceX would begin decommissioning its Dragon spacecraft in response to Trump's threat to cancel contracts awarded to his companies .
Bitcoin's value took a sharp hit today, with its price dropping over 3.5% in recent hours. This decline has brought the cryptocurrency's price to around $100,900, hovering just above the critical $100,000 psychological threshold. Understanding the Decline Several factors may have contributed to Bitcoin's price drop: Escalating Trade War Tensions: Ongoing tensions between China and the US have likely played a role in the decline. Trade wars can impact investor sentiment and market stability.Elon Musk-Donald Trump Debate: A recent unexpected debate between Elon Musk and Donald Trump may have sparked market uncertainty, leading to a sell-off.US Technology Stocks Downturn: The decline in US technology stocks, particularly Tesla, may have also influenced Bitcoin's price drop. Liquidation Data The Bitcoin($BTC ) price decline triggered a wave of liquidations in the cryptocurrency market. In the last 24 hours: $834 million worth of assets were liquidated$767 million of these liquidations were in long positionsTop Liquidated Assets:Bitcoin: $270 millionEthereum: $227 millionSolana: $47 millionDogecoin: $25 millionXRP: $22 million Altcoin Impact The decline in Bitcoin's price also affected altcoins, with many experiencing double-digit percentage losses. Memecoins were particularly hard hit. It's essential to note that market volatility is a natural part of the cryptocurrency landscape. Investors should stay informed and consider these developments in their investment decisions.
ENA Altcoin Plummets: Developer Sell-Off Possible Cause
A recent onchain data analysis has revealed that developers of Ethena ($ENA ), a popular altcoin, have transferred a significant amount of tokens to major cryptocurrency exchanges. This move has sparked speculation about the potential impact on the token's price. The Token Transfer According to the data, a multisig wallet belonging to Ethena developers transferred 17 million ENA tokens, valued at approximately $5.68 million, to prominent exchanges such as Binance, Gate, and Bybit. This transfer occurred just days after the tokens were released from the smart contract. Token Unlock and Circulating Supply The transferred tokens might be part of a larger $54.56 million token unlock that took place recently. This unlock increased the circulating supply of ENA by 2.82%. Token unlocks can sometimes lead to increased selling pressure, potentially affecting the token's price. Market Impact The ENA price experienced a significant correction today, similar to many other altcoins. Although it's unclear whether the developer wallet's transfer played a role in this decline, ENA's rate of decline was slightly higher than comparable altcoins. At the time of writing, ENA is trading at $0.29, down approximately 7% over the last 24 hours.What Does This Mean for Investors?The recent token transfer and unlock may have contributed to the current market volatility. Investors should be aware of these developments and consider them in their investment decisions. However, it's essential to note that this information is not investment advice, and investors should conduct their own research before making any decisions. Key Takeaways Ethena developers transferred 17 million ENA tokens worth $5.68 million to major exchanges.The tokens might be part of a larger $54.56 million token unlock that increased the circulating supply by 2.82%.ENA's price experienced a significant correction, potentially influenced by the token transfer and unlock.Investors should stay informed and consider these developments in their investment decisions.
Dormant Chainlink Wallet Stirs: $1.12 Million Transfer to Coinbase After 5 Years Dormant Chainlink
A cryptocurrency wallet linked to Chainlink ( $LINK ) developers has transferred 79,474 LINK tokens, worth approximately $1.12 million, to Coinbase after a five-year dormancy period. According to on-chain data, the wallet had been inactive since 2020, and the transfer has sparked curiosity among crypto enthusiasts. The transferred tokens were accumulated between October 2018 and February 2020, with an average purchase price of around $0.68 per LINK. If the developers had sold the tokens at the current market price of $14.13, they would have made a profit of 1958% on their investment, amounting to $1.06 million. Interestingly, the wallet's owners might have missed an opportunity to maximize their profits by not selling during the 2021 bull run, when LINK's price surged to an all-time high of $52. If they had sold at that price, their profit would have been significantly higher.
The reasons behind the transfer are unclear, but it could indicate a potential sale or reallocation of assets. As the cryptocurrency market continues to evolve, investors and enthusiasts will be keeping a close eye on Chainlink's developments and the impact of this transfer on the market. #MyCOSTrade #LINK
Crypto Market Boom: Treasure Global's $100M Bet on Bitcoin and Ethereum
Treasure Global, a major e-commerce platform operator, has made a significant announcement that's generating buzz in the business and cryptocurrency worlds. The company has decided to invest a whopping $100 million in digital assets, specifically cryptocurrencies, as part of its new treasury strategy. This move is aimed at supporting its cutting-edge AI-powered consumer intelligence platform, slated to launch in the third quarter of 2025. The $100 million investment will be sourced from two main channels. Firstly, $50 million will come from an existing equity financing agreement, which essentially means that Treasure Global has already secured funding from investors. The remaining $50 million will be provided by a strategic investment partner, highlighting the company's strong backing from industry players. Treasure Global plans to invest this substantial amount in blockchain-based assets, which are digital currencies that use advanced encryption techniques to secure transactions. The company has specifically mentioned its interest in two major cryptocurrencies: Bitcoin ($BTC ) and Ethereum ($ETH ). Additionally, it will also invest in regulated stablecoins, which are cryptocurrencies designed to maintain a stable value relative to a fiat currency, such as the US dollar. The investment will be made in phases, allowing Treasure Global to carefully manage its funds and make informed decisions about its digital asset portfolio. According to the company, its current funding opportunities have not yet been fully utilized, leaving room for future growth and expansion. If necessary, Treasure Global may file additional registration statements to access more funds. Carlson Thow, the CEO of Treasure Global, shed more light on the company's decision to adopt this treasury strategy. "This is a deliberate step to align our capital deployment with infrastructure scalability and platform functionality," he explained. By integrating blockchain-based assets into its balance sheet structure, Treasure Global aims to create a highly leveraged digital ecosystem that drives recurring revenues, margin expansion, and long-term capital efficiency. The company's AI-powered consumer intelligence platform is expected to play a key role in this ecosystem. By embedding real-time data intelligence into its consumer platform, Treasure Global hopes to gain valuable insights into customer behavior and preferences. This will enable the company to make data-driven decisions, optimize its operations, and deliver more value to its customers. In essence, Treasure Global's $100 million investment in cryptocurrencies is a strategic move aimed at driving growth, innovation, and long-term success. As the company prepares to launch its AI-powered platform, its foray into digital assets is expected to pay off in the form of increased revenues, improved efficiency, and a stronger competitive position in the market. Key Takeaways: Treasure Global invests $100 million in cryptocurrencies as part of its new treasury strategyThe investment will be made in phases, with a focus on blockchain-based assets like Bitcoin and EthereumThe company's AI-powered consumer intelligence platform is expected to drive growth, innovation, and long-term successTreasure Global's strategic move into digital assets is aimed at creating a highly leveraged digital ecosystem that drives recurring revenues and long-term capital efficiency. What This Means for Crypto Traders: Increased institutional investment in cryptocurrenciesGrowing adoption of blockchain-based assets in e-commercePotential for increased demand and price appreciation for Bitcoin and EthereumNew opportunities for traders to capitalize on the growing intersection of AI and cryptocurrency Stay Ahead of the Curve: As the cryptocurrency market continues to evolve, it's essential for traders to stay informed about the latest developments and trends. With Treasure Global's $100 million investment in Bitcoin and Ethereum, it's clear that institutional interest in cryptocurrencies is on the rise. Whether you're a seasoned trader or just starting out, this move is a signal that the crypto market is poised for continued growth and innovation.
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Crypto Market Update: Vanadi Coffee Invests $1.1 Billion in Bitcoin
The recent approval of spot Bitcoin ETFs in January 2024 and the executive order by US President Donald Trump on a strategic Bitcoin reserve have sparked institutional interest in Bitcoin. Key Developments: Vanadi Coffee's Bitcoin Investment: A Spanish coffee chain brand, Vanadi Coffee, plans to invest up to $1.1 billion in $BTC , following MicroStrategy's strategy. Chairman Salvador Martí aims to raise funds through a stock issuance and will seek authorization at the board meeting.Shift to Bitcoin-Focused Company: Vanadi Coffee intends to transform into a "Bitcoin-first" company, with plans to create a Bitcoin reserve fund through convertible bonds.Board Meeting and Approval: The Bitcoin plan will be discussed at the upcoming board meeting on June 29, where President Salvador Martí will seek approval for BTC investment. Recent Bitcoin Purchases: GameStop's Bitcoin Investment: In May, US gaming giant GameStop announced purchasing 4,710 Bitcoin, following the trend of companies investing in cryptocurrency.MicroStrategy's Impact: MicroStrategy's strategy has influenced other companies to invest in Bitcoin, with Vanadi Coffee being the latest example .
Impact on Crypto Market and BTC Price Vanadi Coffee's $1.1 billion investment in Bitcoin is expected to have a positive impact on the crypto market and BTC price. Here's why : Increased Institutional Interest: The investment demonstrates growing institutional interest in Bitcoin, which can lead to increased adoption and higher prices.Market Sentiment: The news has sparked excitement in the crypto community, with many expecting a surge in Bitcoin's price.Potential Price Impact: With the current Bitcoin price around $105,296.64, the increased demand from Vanadi Coffee's investment could drive the price up. If more companies follow suit, it could lead to a significant price increase. Potential Consequences: Increased Market Volatility: Large investments like Vanadi Coffee's can lead to increased market volatility, as traders and investors react to the news.Regulatory Scrutiny: As more companies invest in Bitcoin, regulatory bodies may take a closer look at the crypto market, potentially leading to increased oversight.Competition for Bitcoin: With more companies investing in Bitcoin, the competition for the cryptocurrency could increase, potentially driving up the price.
Big crypto whales are back in action! After years of inactivity, they're making huge trades. One Ethereum whale made $3.93 million profit after 8 years. Another sold $25.6 million worth of ETH, raking in $77.76 million total. Whales are also buying up SYRUP and HYPE tokens.
Big Whales Are Active: Dormant Wallets Make Altcoin Transactions
Whales have been extremely active in the cryptocurrency market recently. Large transactions were notable in assets like Ethereum (ETH), SYRUP, and HYPE. Ethereum Whale Transactions An Ethereum whale that was dormant for nearly 8 years transferred 1,764 $ETH to Kraken exchange, making a profit of $3.93 million.Another whale or institution that received 50,000 ETH in the 2015 Ethereum ICO sent its last 10,195 ETH (worth $25.6 million) to Kraken. This address initially received ETH for $15,000 and sold some over 8 years for an average of $1,555, generating $77.76 million and a return of approximately 5,000 times. Other Whale Transactions A whale address sent 5 million $SYRUP tokens (worth $2.27 million) to Binance. This address has been trading $ENA and SYRUP on Binance and Flowdesk platforms and currently holds 121.15 million ENA (worth $43.97 million).Five different whales purchased a total of 794,104 HYPE tokens (worth $27.8 million) over the past two days.
The Mysterious Case of James Wynn: A Conspiracy Theory in Crypto
The cryptocurrency world has been abuzz with speculation surrounding James Wynn, a popular trader known for his bold strategies. Recently, Wynn suffered a staggering loss of $17.5 million amidst market volatility, sparking intrigue among investors. Now, BitMEX co-founder Arthur Hayes has weighed in on the situation, proposing a conspiracy theory that has left many wondering. The Background James Wynn's crypto journey began with a modest $7,000 investment in the Pepe memecoin, which astonishingly ballooned into $25 million. At one point, his unrealized earnings reportedly skyrocketed to $83 million, earning him a spot in crypto headlines. The Conspiracy Theory Arthur Hayes suggests that Wynn might be employing a clever tactic to benefit from the upcoming airdrop round of the Hyperliquid platform. According to Hayes, Wynn could be hedging his transactions via anonymous wallets to maximize his gains from the airdrop. Hayes' statement on social media sparked curiosity, with many pondering the legitimacy of this theory. The Implications Hayes went as far as to say that Hyperliquid's marketing campaign might be one of the most successful in crypto history, with the platform poised to win big. Whether Wynn's strategy is genuine or part of a larger scheme remains to be seen. Key Figures and Organizations Mentioned: Arthur Hayes: Co-founder of BitMEX, a notable figure in the cryptocurrency world known for his insights and opinions.James Wynn: An anonymous trader famous for his bold trading strategies and significant gains and losses in the crypto market.Hyperliquid: A trading platform that has garnered attention for its airdrop rounds and innovative approach to crypto trading.
Robert Kiyosaki interesting pridiction, Including Bitcoin: “Don’t Say I Didn’t Warn You”
In a recent post on the social media platform X , Robert Kiyosaki, the famous investor and author of "Rich Dad Poor Dad," warned of an imminent major collapse in global financial markets. Notably, Kiyosaki had predicted this crisis in his 2013 book "Rich Dad's Prophecy." According to Kiyosaki, the collapse has already begun and will likely persist throughout the summer, with severe impacts on the stock and bond markets. Kiyosaki believes the "baby boomer" generation will be hit the hardest, with millions potentially losing their wealth. However, he offers a glimmer of hope, suggesting that early action could lead to significant wealth gains for some. To prepare, Kiyosaki recommends investing in alternative assets like gold, silver, and Bitcoin, predicting that these will attract billions of dollars as the stock, bond, and real estate markets crash. 👉This is not investment advice. Who is Robert Toru Kiyosaki??
Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He founded the Rich Dad Company, which provides personal finance and business education through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012.
Elon Musk launches new feature for X with ‘Bitcoin-style encryption:
Elon Musk has launched a new feature for X, a social media platform he owns, called XChat. This direct messaging feature boasts "Bitcoin-style encryption" and is built on the Rust programming language with a completely new architecture. Key features of XChat include: End-to-End Security: Ensuring messages are secure from unauthorized accessDisappearing Messages: Allowing users to send messages that disappear after a set timeVoice and Video Calling: Enabling users to make voice and video calls without needing to share phone numbersFile Sharing: Supporting all file types for seamless sharing However, Musk's claim about "Bitcoin-style encryption" has sparked controversy among Bitcoin developers and cryptography experts. They argue that Bitcoin doesn't use encryption in the way Musk implies. Specifically: Luke Dashjr, Bitcoin Core developer and OCEAN CEO, stated that "Bitcoin doesn't even use encryption"Samson Mow, JAN3 CEO and Bitcoin supporter, echoed this sentiment, saying "Bitcoin is not encrypted" Some experts speculate that Musk might be referring to Bitcoin's BIP-151 peer-to-peer communication encryption or its elliptic curve cryptography, which secures transactions without revealing private keys. In related news, X is also working on a payments feature called X Money, which is currently in beta testing. This development aligns with Musk's vision of creating an "everything app" similar to WeChat, with features beyond typical social media platforms. 👉This is not investment advice. $BTC #BTC #ElonMuskTalks
Alert! New Feature Introduced In Ethereum Poses Risk of Asset Theft:
Highlights The recent "Pectra upgrade", meant to ease user experience, has been hijacked by automated attacks that drain wallets, says Wintermute.Wintermute discovered that over 80% of EIP-7702 delegations, a feature introduced in Ethereum's recent upgrade, were linked to a single malicious script. Scam Sniffer reports a single user lost close to $150,000 in a phishing attack facilitated by the script.
Wintermute, a well-known trading firm in the cryptocurrency markets, has issued an important security warning regarding Ethereum’s recent “Pectra” hard fork. According to the company, the feature called EIP-7702, which was introduced as part of the update, is mainly abused by malicious people and user wallets are at risk. EIP-7702 introduces an “account abstraction” feature pioneered by Ethereum co-founder Vitalik Buterin that allows wallets to temporarily act as smart contracts, allowing users to perform functions such as batching multiple transactions, having gas fees paid by someone else, and social authentication in a single transaction. However, according to data published by Wintermute via Dune Analytics, this ability is being used by malicious attackers to drain wallets. According to Wintermute’s analysis, more than 80% of EIP-7702 delegations serve attacks called “CrimeEnjoyor,” where a simple and short smart contract is copied and reused across different addresses. This contract automatically transfers assets from wallets with leaked private keys to an address controlled by the attacker. “The CrimeEnjoyor contract is short, simple, and widely used,” Wintermute said. “This copied bytecode now makes up the majority of all EIP-7702 delegations. It’s both ironic and dark.” Blockchain security firm Scam Sniffer also recently announced that it had detected a malicious transaction linked to a long-known scam service called Inferno Drainer, which caused a loss of approximately $150,000. Meanwhile, another security firm, SlowMist, in its analysis of EIP-7702’s vulnerabilities, emphasized that wallet service providers should support such transactions and that it is important for users to clearly indicate the destination addresses in the contracts they sign. Security expert Taylor Monahan believes the real problem isn't the EIP-7702 feature itself, but rather users' struggles to secure their private keys. 'The issue isn't EIP-7702, it's the same old problem of users not protecting their keys,' Monahan said." "It's not actually a 7702 issue, its the same issue crypto has had since day one: end users struggle to secure their private keys," Monahan told the Block. "7702 just unlocks a bunch of cool abilities that make sweeping addresses more cost efficient and less tedious." 👉This is not investment advice. $ETH #ETH #UpdateAlert #CEXvsDEX101
WalletConnect ($WCT ) Chart Analysis: Navigating Key Levels Let's dive into the WCT chart analysis, breaking it down step by step. WCT's price surged from $0.20 in April to $1.39 by the end of May, a staggering 7x increase in just five weeks. However, this rapid ascent was followed by intense selling pressure once it hit $1.39. Currently, WCT is trading slightly below its 7-day moving average at $0.5623.The immediate resistance zone lies between $0.60 and $0.84. A decisive breakout above $0.60 is crucial for shifting sentiment back in favor of the bulls. Until then, bears remain firmly in control. WalletConnect Price Forecast: What's Next?
Following the 54% crash, investors are eager to know what to expect from WCT's price moving forward. Given the RSI's proximity to oversold territory (around 30), a minor bounce is possible if bulls can defend the $0.60 level. Nevertheless, unless WCT reclaims $0.84, the trend will likely remain bearish.The Verdict: Correction or Something More?
The WCT price crash has divided the community, with some viewing it as a healthy correction and others suspecting foul play. Ultimately, time and price action will reveal the truth. If WCT fails to reclaim $0.85 soon, it may signal the start of a prolonged downturn, rather than just a minor correction.
$BTC (Bitcoin) is entering June with bullish expectations, driven by strong institutional investor interest and significant ETF inflows. In May, Bitcoin's price surged nearly 10%, its second consecutive monthly gain, thanks to $5.6 billion in ETF inflows and corporate treasury purchases. Key Factors to Watch Institutional Investment: Public companies increased their Bitcoin holdings by 4% in May, reaching $85.6 billion. This trend is expected to continue in June. Regulatory Developments: The "GENIUS" Act, which aims to establish national innovation for US stablecoins, may be voted on in early June, impacting Bitcoin sentiment. Market Volatility: Uncertainties, such as US President Donald Trump's comments on customs duties and trade wars, may pose short-term risks but could increase interest in cryptocurrencies long-term. Technical Analysis: Experts predict bulls will control in June, with key resistance levels at $109,000 and $113,000-$115,000. Breaking these levels could push Bitcoin's price to $130,000. Current Market Performance Bitcoin's current price is $104,292.07, with approximately 0.52% increase. Bitcoin ETFs have seen consecutive inflows, totaling over $4.3 billion in 10 days, driven by reduced volatility and institutional demand . Expert Insights Chris Rhine, Galaxy Digital, notes that policy changes can make short-term pricing difficult, but may lead to monetary support. Federico Brokate, 21Shares USA, emphasizes the importance of macro situations in Bitcoin's divergence from stocks .
🙄Do you think Bitcoin will reach $130,000 in June: Share your opinion too in the comments. 👉 This is not investment advice. D.O.Y.R. & Best of luck.👍
WCT Token Analysis: Recent Dump and Potential Opportunities
The token has recently experienced a significant price dump, sparking concerns among investors. The $WCT (WalletConnect Token) has had a wild ride over the past month, surging from $0.35 to over $1.30 - a staggering growth of over 270%! However, the token's price has since experienced a significant correction, plummeting to around $0.5.At the time of writing its value was 0.6087.
What Caused the Dump? One potential factor contributing to this sharp decline could be the recent surge in trading activity on South Korea's largest cryptocurrency exchange, Upbit. With a whopping $558 million in trading volume over the past 24 hours - equivalent to 35% of the global WCT trading volume - it's possible that this exchange's activity has had a ripple effect on the token's price. Also,On-chain data reveals a significant transfer that may be linked to WCT's price volatility. On May 28, address "0x19F…cCA67" received 2.5 million WCT (valued at approximately $2.34 million) from the WalletConnect project's multi-signature wallet and promptly transferred them to Binance. Interestingly, this address had previously received 2.5 million WCT during the token launch (TGE) a month ago. While the address is suspected to be connected to Arrington Capital, the purpose of the transfer remains unclear - is it for market making or sales? Further investigation is needed to determine the impact on WCT's price. What are your thoughts on WCT's recent price movement? Share your analysis and insights below!" 👉This is not investment advice. Do your own research.😇