Today’s Crypto News
The hashtag #BoycottBinance is trending on X as Binance users accuse the exchange of manipulating altcoins through futures trading and market makers. In my opinion, they absolutely are, which is why I wouldn’t trust Binance as a crypto brokerage.
In other news, Donald Trump has announced new tariffs on multiple countries. The base tariff is set at 10%, with different rates applied depending on what those countries charge the U.S.
Meanwhile, the HBAR Foundation has teamed up with the founder of OnlyFans to submit a bid for TikTok. Amazon has also placed a bid, making the competition for ownership even more interesting.
Ripple has merged RLUSD into its payment system to enhance utility and improve cross-border payment efficiency.
A major development in the stablecoin market: FDUSD, which should be pegged at $1, has dropped to $0.97 following a statement by Justin Sun. He suggested that First Digital is bankrupt and advised users to take necessary precautions regarding their assets. This caused FDUSD’s price to drop by 3%.
There are also signs that China may be easing its stance on Bitcoin after observing the U.S. government’s recent embrace of the cryptocurrency.
Lastly, Robert Kiyosaki, author of Rich Dad Poor Dad, has stated that silver is more valuable than both gold and Bitcoin. I strongly disagree—while Bitcoin is volatile, it remains one of the best-performing assets in modern financial history.
Final Thoughts
As always, do your own research before taking investment advice from anyone—even the so-called experts.
🚀 Happy Trading!
Thank You for Reading,
Crypto King
