BitcoinWorld Pudgy Penguins Soar: OpenSea’s Strategic Embrace Signals Major NFT Trend In a fascinating turn of events that has sent ripples across the digital asset landscape, two titans of the cryptocurrency world, OpenSea and Coinbase, have made a striking statement by updating their official X (formerly Twitter) profile pictures to feature a Pudgy Penguin NFT. This isn’t just a simple change of avatar; it’s a powerful signal, a nod to a rapidly evolving culture, and a potential harbinger of new trends in the NFT Marketplace . What exactly does this strategic adoption signify for the broader Web3 ecosystem, and why are these adorable, flightless birds capturing the attention of industry giants? Pudgy Penguins Taking Over X: A Strategic Move? The recent profile picture changes by OpenSea and Coinbase featuring Pudgy Penguins have sparked considerable discussion within the crypto community. OpenSea, the world’s leading NFT marketplace, made the switch first, followed by crypto exchange giant Coinbase. This isn’t the first time a brand has adopted an NFT as its face, but the prominence of these two entities lends significant weight to the action. Pudgy Penguins, a collection of 8,888 unique NFTs, have long been a beloved project in the NFT space, known for their vibrant art, strong community, and increasing real-world utility through initiatives like their toy line and licensing deals. So, why Pudgy Penguins? It’s more than just aesthetics. The project has cultivated a reputation for: Strong Community Engagement: The ‘Huddle’ (Pudgy Penguins community) is known for its passionate and loyal members. Innovative IP Expansion: Beyond digital collectibles, Pudgy Penguins have ventured into physical toys and broader intellectual property (IP) licensing, bridging the digital and physical worlds. Resilience in Bear Markets: While many NFT projects struggled, Pudgy Penguins maintained a relatively strong floor price and continued to build, demonstrating robustness. This move by OpenSea and Coinbase is a public endorsement, signaling alignment with a project that embodies resilience, community, and innovation – qualities highly valued in the Web3 space. What Does This Mean for the OpenSea NFT Ecosystem? As the dominant NFT Marketplace , OpenSea’s choice of a Pudgy Penguin as its public face on X carries immense weight. OpenSea is not just a platform; it’s often seen as a barometer for the health and direction of the NFT market. By adopting a Pudgy Penguin, OpenSea is: Signaling Confidence: It’s a vote of confidence in the long-term viability and cultural impact of the Pudgy Penguins collection. Community Alignment: It demonstrates OpenSea’s understanding and alignment with the preferences and aesthetics of its core user base – the NFT collectors and enthusiasts. Driving Attention: This simple act draws immediate attention to the Pudgy Penguins collection, potentially increasing trading volume and interest on the OpenSea platform itself. For an OpenSea NFT , being endorsed by the platform itself is akin to a major brand featuring a specific product on its homepage. It legitimizes the collection further and solidifies its status as a blue-chip NFT project. This strategic move by OpenSea reinforces its position not just as a trading hub, but as a cultural participant in the Web3 narrative. The Strategic Play for an NFT Marketplace: Beyond a Profile Picture For an NFT Marketplace like OpenSea, every public action is scrutinized. Changing a profile picture to a specific NFT collection is far from a casual decision. It’s a calculated Web3 Marketing strategy designed to achieve several objectives: Brand Affinity: By aligning with a popular and respected NFT collection, OpenSea strengthens its brand affinity within the NFT community. It shows they are ‘in tune’ with the culture. Trendsetting: Major platforms often set trends. This move could encourage other Web3 companies or even traditional brands looking to enter the space to consider similar NFT-based branding strategies. Engagement & Virality: The move itself generates buzz and discussion, providing free marketing and increasing visibility on platforms like X. It’s a highly shareable moment. This type of organic, community-driven marketing is often more effective in the Web3 space than traditional advertising. It speaks directly to the audience’s values and interests, building trust and loyalty. The Power of Web3 Marketing: A New Era of Brand Building? The adoption of Pudgy Penguins by OpenSea and Coinbase is a prime example of the evolving landscape of Web3 Marketing . In the decentralized world, traditional advertising methods often fall flat. Instead, authenticity, community engagement, and genuine participation are key. This move showcases: Traditional Marketing Web3 Marketing Top-down, broadcast messaging Community-led, interactive engagement Focus on external messaging Focus on internal cultural alignment Paid advertising campaigns Organic brand endorsement via digital assets Limited audience participation High audience participation and co-ownership By embracing an NFT collection as a brand identity, companies are not just buying an image; they are buying into a community, a narrative, and a shared cultural artifact. This creates a deeper connection with their audience, transforming passive consumers into active participants and advocates. It’s a testament to the power of digital identity and collective ownership in the new internet. Crypto Brand Adoption: Setting New Standards for Identity The decision by major players like OpenSea and Coinbase to integrate Pudgy Penguins into their brand identity marks a significant moment for Crypto Brand Adoption . It moves beyond simple partnerships or sponsorships and into a realm where digital assets become intrinsic to a brand’s public persona. This trend could set new standards for how crypto-native and even traditional brands approach their digital presence. It suggests that: NFTs are Maturing: Certain NFT collections are no longer just speculative assets but are becoming legitimate cultural symbols and brand assets. Authenticity is Key: Brands that genuinely participate in and understand Web3 culture will resonate more strongly with the community. Identity is Fluid: Digital identity, represented by NFTs, can be a powerful tool for brands to express their values and connect with specific subcultures. This is not merely a fleeting trend but an indication of how digital ownership and community-driven projects are reshaping corporate branding in the Web3 era. It challenges conventional marketing wisdom and highlights the unique opportunities presented by blockchain technology. What Are the Challenges and Opportunities? While this move is largely seen as positive, it’s worth considering the nuances: Challenges: Not all NFT projects are created equal. Associating with a volatile or controversial project could backfire. The ephemeral nature of trends means a brand needs to be agile. Opportunities: For strong, community-backed projects like Pudgy Penguins, this kind of endorsement can lead to increased visibility, demand, and potentially higher floor prices. For brands, it’s an unparalleled way to demonstrate Web3 native understanding and connect with a passionate audience. Actionable Insights for the Web3 Enthusiast For collectors, this reinforces the idea that holding blue-chip NFTs can offer more than just potential financial returns; it can provide cultural capital and community access. For aspiring NFT creators, it underscores the importance of building strong communities and unique intellectual property. For other Web3 platforms, it serves as a powerful case study in authentic marketing and brand alignment. Conclusion: A New Chapter for Digital Identity The embrace of Pudgy Penguins by OpenSea and Coinbase is more than just a change of profile pictures; it’s a profound statement about the growing influence of NFTs in mainstream digital identity and Web3 Marketing . It underscores the maturity of certain NFT collections and their potential to become powerful brand assets. As the lines between digital and physical identities continue to blur, such strategic moves by industry leaders will undoubtedly shape the future of brand engagement, community building, and Crypto Brand Adoption in the decentralized world. It’s an exciting time to witness how digital assets are not just traded, but truly lived and embodied by leading entities in the space. To learn more about the latest crypto market trends, explore our article on key developments shaping NFT adoption and institutional interest. This post Pudgy Penguins Soar: OpenSea’s Strategic Embrace Signals Major NFT Trend first appeared on BitcoinWorld and is written by Editorial Team
Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on the horizon. The analyst suggested that this could be the final leg up for the foremost meme coin and advised market participants not to miss it. Dogecoin Eyes Parabolic Rally With Megaphone Pattern In a TradingView post, TradingShot predicted that Dogecoin could rally to as high as $1.25. He noted that the meme coin has been trading in a bullish Megaphone pattern within a channel up. The analyst added that the recent rebound on June 16 on the weekly MA200 is a higher low at the bottom of both patterns. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price To Jump Double-Digits To $0.2 With the 1-week Relative Strength Index (RSI) also rebounding on its long-term support zone, TradingShot declared that Dogecoin is most likely at the start of a new bullish leg. He noted that this could be the final rally that will shape this cycle’s top. Meanwhile, the analyst claimed that DOGE is targeting $1.25 because the previous two bullish legs peaked on the 3.618 Fibonacci extension of the last decline. He told market participants that they can settle for $0.8 if they wish to pursue a target within the Channel up. A rally to both $0.8 and $1.25 would mark new all-time highs (ATHs) for Dogecoin, whose current ATH is at $0.73. His accompanying chart showed that DOGE could reach these targets in the first half of next year. Dogecoin is expected to maintain a steady climb from now till then as it reaches those targets. The meme coin has already begun another uptrend following Bitcoin’s rally to a new ATH. DOGE has again reclaimed the $ 0.20 psychological price level and could potentially reach its last local high at around $0.26. DOGE Against Its Bitcoin Pair In an X post, crypto analyst Kevin Capital stated that the DOGE/BTC chart is sitting in a historical zone of support with the monthly time frame indicators fully reset. The analyst indicated that this was possibly the best setup for Dogecoin, one that could spark a massive run for the meme coin. Related Reading: Analysts Predict Major Dogecoin Price Rally After Breaking 50-Day Trendline Meanwhile, crypto analyst Trader Tardigrade stated that the Dogecoin-to-Bitcoin chart might show a God candle this month. This God candle could spark a DOGE season, when the meme coin is expected to outperform the flagship crypto. The analyst’s accompanying chart showed that DOGE could rally to as high as $9 during this period. Meanwhile, he highlighted the $0.2 support level as being crucial for this lift-off for the meme coin. At the time of writing, the Dogecoin price is trading at around $0.2, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The crypto market has always loved a plot twist. Just when investors were tracking Ethereum’s slow and steady rise to a projected $3,296 by 2030, another player has stepped onto the stage with a bolder promise and a tighter timeline. Bitcoin Solaris, a coin that once hovered quietly beneath the surface, is now commanding attention with a powerful presale, explosive demand, and a confirmed LBank listing that could change the game overnight. The question is no longer whether BTC-S can make noise. It’s how loud that noise will be when the listing bell rings. Ethereum Holds Its Ground, But BTC-S Is Racing Ahead Ethereum has proven itself as a cornerstone of the Web3 world. With thousands of DApps, smart contracts, and Layer 2 integrations, it’s not going anywhere. Predictions showing a price near $2,712 in 2026 and $5,370 by 2040 give it long-term credibility. But that kind of climb requires patience. Bitcoin Solaris, on the other hand, is offering a different timeline altogether. It’s not built to follow the market’s rhythm. It’s built to skip ahead of it. With the LBank listing on the horizon, users are treating BTC-S not just as an investment, but as a chance to relive the early Bitcoin days, only faster. Introducing Bitcoin Solaris: Built to Go Beyond Bitcoin Solaris is not just another altcoin. It’s a dual-layer blockchain ecosystem engineered for scale, speed, and user empowerment. At the heart of BTC-S is a two-tiered structure that separates base-level consensus from high-speed application execution. The Base Layer operates on Proof-of-Work, securing the network with real computational effort. The Solaris Layer runs on Delegated Proof-of-Stake, offering blazing-fast transactions with 2-second finality. Combined, they deliver over 10,000 transactions per second and 99.95% less energy usage than traditional PoW chains. Smart contracts are built for DeFi, gaming, and cross-chain interoperability using Rust for added security. And through the exciting release of the Solaris Nova app, users will mine BTC-S directly from their mobile devices, making the coin accessible and inclusive. The mining calculator shows just how much passive power lies in your pocket. Presale Momentum and the Unexpected Price Rollback The Bitcoin Solaris presale is in its 11th and final phase. Currently priced at $11, it’s scheduled to launch at $20 on July 31, making the potential return a clean 150 percent. Over 14,150 unique users have already joined, with more than $6.6 million raised. Not Just Scalable Designed to Be Unstoppable That’s BTC-S But here’s the twist: for a very limited time, Bitcoin Solaris has announced a Price rollback, temporarily reducing the entry price to $5. Not a bonus. Not a discount. A rollback. A strategic move that turns heads and rewards fast movers. Given the tech and momentum, it’s rare to see a project this strong offer one last low-price window. And to ensure seamless delivery on launch day, wallets like Trust Wallet and Metamask are recommended, not for buying, but for receiving your tokens after July 31. LBank Listing: A Catalyst Waiting to Detonate When a coin with this much hype hits a major exchange, movement happens. LBank brings BTC-S to a global audience, with high liquidity and massive visibility. Combined with the speed and energy efficiency BTC-S offers, this listing is set to serve as a rocket booster. That’s why many are calling it the “Bitcoin of 2025”, a rare second chance for those who missed the early BTC days. The infrastructure is ready. The roadmap is bold. And the price point is still within reach. Verified and Reviewed: What Experts Are Saying Crypto analysts aren’t the only ones buzzing. Influencers are lighting up YouTube with detailed breakdowns of BTC-S. A Crypto Show video calls Bitcoin Solaris “the most complete presale project of 2025,” highlighting its dual-consensus architecture. Token Galaxy breaks down the technical innovations that make BTC-S stand out even in a crowded launch year. On top of that, investors are reassured by two major smart contract audits from Cyberscope and Freshcoins , both confirming the project’s security and robustness. Bitcoin Solaris Roadmap: From Launch to Global Impact BTC-S is not a one-hit wonder. The project roadmap reveals a long-term vision that includes: Testnet launch, wallet development, and exchange integration in early 2026 A full mainnet with governance features and partnerships by mid-2026 Hardware wallet integration, Layer 2 scaling, and enterprise adoption by 2027 Education, innovation labs, and global collaborations from 2028 onward This isn’t just a coin. It’s an evolving financial ecosystem with a clear execution plan. Final Verdict: Get In Before the Window Closes While Ethereum inches forward on its long-term curve, Bitcoin Solaris is racing to break the charts before the year ends. With a confirmed LBank listing, a powerful presale structure, and game-changing technology, BTC-S is delivering on every front. And with the Price rollback live for a short time, this may be the last moment BTC-S is available under $10 ever again. For more information on Bitcoin Solaris: Website: https://www.bitcoinsolaris.com/ Telegram: https://t.me/Bitcoinsolaris X: https://x.com/BitcoinSolaris
Dogecoin price rally has triggered massive liquidation imbalance amid broad volatility
Matt Hougan, the chief investment officer (CIO) of the digital asset management firm Bitwise, is predicting that Bitcoin ( BTC ) will go up by more than 70% from the current level. In a new interview on the White Crypto YouTube channel, Hougan says Bitcoin could reach a price “north of $200,000” by the end of this year. According to the Bitwise CIO, demand for the crypto king is currently outstripping supply. “If you look at the amount of Bitcoin on exchange, it’s at record multi-year lows. We think those sellers are almost exhausted. At the same time, we think the institutional demand from companies, governments, and [exchange-traded funds] ETFs is increasing. So you have available supply decreasing and institutional demand increasing and rising concerns about the fiat system. We think that is a recipe for a significant end-of-the-year rally. So, our prediction is above $200,000.” By 2030, Hougan says the total market cap of Bitcoin could reach parity with that of gold. “Gold keeps going up. So that number keeps going up. I think it was like $800,000 when we made that prediction and maybe it’s $1.2 million by now. But we think parity with gold is about where we should end this cycle, which we think stretches for the rest of the decade. There are things that could increase that, and there are things that could decrease that. But we think that’s a reasonable pattern matching from historical cyclical growth. And I know that’s a long way, but I think Bitcoin could do it.” Bitcoin is trading at $117,110 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitwise CIO Says Bitcoin Sellers Are Almost Exhausted, Doubles Down on $200,000 Bitcoin Price Target – Here’s His Timeline appeared first on The Daily Hodl .
BitcoinWorld U.S. Spot Bitcoin ETFs Ignite Market with Over $1 Billion Inflow Surge The cryptocurrency world is buzzing with excitement! On July 11, U.S. Spot Bitcoin ETFs witnessed an extraordinary milestone, raking in over $1.02 billion in total net inflows. This remarkable surge marks the seventh consecutive trading day of positive flows, signaling a powerful wave of institutional interest and confidence in the leading digital asset. For anyone tracking the pulse of the crypto market, this development is not just a number; it’s a testament to Bitcoin’s growing legitimacy and appeal to mainstream investors. Understanding the Phenomenon of U.S. Spot Bitcoin ETFs For years, direct investment in Bitcoin for traditional financial institutions and retail investors was often complex, involving navigating crypto exchanges, managing private keys, and dealing with regulatory uncertainties. The introduction of U.S. spot Bitcoin ETFs changed the game entirely. These exchange-traded funds allow investors to gain exposure to Bitcoin’s price movements without directly owning the cryptocurrency. Here’s why they are so pivotal: Accessibility: They make Bitcoin investment as simple as buying a stock through a traditional brokerage account. Regulatory Clarity: Operating under the purview of the U.S. Securities and Exchange Commission (SEC), they offer a regulated and secure investment vehicle. Liquidity: ETFs trade on major stock exchanges, providing high liquidity for buying and selling. Institutional Gateway: They serve as a crucial bridge, allowing large institutional investors, pension funds, and wealth managers to allocate capital to Bitcoin within their existing compliance frameworks. The consistent positive inflows are a clear indicator that this gateway is being utilized heavily, reflecting a broader shift in how traditional finance views digital assets. Decoding the Latest Bitcoin ETF Inflows : Who’s Leading the Charge? The $1.02 billion net inflow on July 11 was not just a collective effort; it was dominated by a few key players, showcasing significant conviction from major asset managers. This day alone surpassed many previous daily records, highlighting an accelerating pace of adoption. Let’s break down the contributions from the top performers: ETF Ticker Asset Manager Net Inflow (July 11) IBIT BlackRock $951.54 million ARKB ARK Invest $23.51 million Mini BTC Grayscale $20.93 million HODL VanEck $20.01 million BITB Bitwise $6.41 million BTCO Invesco $5.30 million BlackRock’s IBIT, once again, demonstrated its formidable market presence, accounting for the vast majority of the day’s inflows. This consistent dominance by BlackRock, one of the world’s largest asset managers, sends a powerful message about the long-term viability and attractiveness of Bitcoin as an investment asset. The fact that this marks the seventh consecutive day of positive Bitcoin ETF Inflows underscores a sustained, rather than sporadic, interest from investors. The Impact of Institutional Bitcoin Adoption on Market Dynamics The steady stream of capital flowing into U.S. spot Bitcoin ETFs has profound implications for the entire crypto ecosystem. It’s not just about the price of Bitcoin; it’s about its fundamental position in the global financial landscape. Key impacts include: Price Stability and Growth: Increased demand from large, long-term institutional investors can contribute to greater price stability and upward pressure on Bitcoin’s value, potentially reducing its historical volatility. Legitimacy and Mainstream Acceptance: The embrace by major financial institutions lends significant credibility to Bitcoin, paving the way for broader public and corporate acceptance. Market Maturation: As more regulated products emerge, the crypto market begins to resemble traditional financial markets, attracting a wider range of participants and capital. Reduced Supply on Exchanges: As ETFs accumulate Bitcoin, they effectively remove supply from the open market, which can create scarcity and further upward price pressure if demand continues to rise. This Institutional Bitcoin Adoption is a critical step in Bitcoin’s journey from a niche digital asset to a recognized store of value and a legitimate asset class alongside gold, real estate, and equities. Navigating Future Crypto Market Trends : What’s Next? The consistent inflows into Bitcoin ETFs are setting a precedent for future Crypto Market Trends . This isn’t just a fleeting moment; it represents a significant shift in investor sentiment and capital allocation. What should investors and enthusiasts watch for next? Continued ETF Performance: Monitor daily and weekly inflow data. Sustained positive flows will reinforce the bullish narrative. Regulatory Developments: Keep an eye on global regulatory stances on cryptocurrencies and digital assets. Favorable regulations could unlock even more institutional capital. Broader Digital Asset ETFs: The success of spot Bitcoin ETFs could pave the way for similar products for other major cryptocurrencies like Ethereum, further broadening the market. Corporate Treasury Adoption: As institutional comfort grows, more corporations might consider holding Bitcoin on their balance sheets, following in the footsteps of early adopters. Retail Investor Sentiment: While institutional flows are dominant, a sustained bullish trend could reignite retail interest, creating a powerful synergy of demand. The current momentum suggests a strong foundational shift, but market watchers should remain vigilant for any shifts in global economic conditions or regulatory headwinds that could impact these trends. Strategies for Digital Asset Investment in a Maturing Landscape For individual investors looking to participate in this evolving landscape, understanding the dynamics of Digital Asset Investment is crucial. The advent of spot Bitcoin ETFs offers a new avenue, but it’s important to consider your personal investment goals and risk tolerance. Consider these strategies: Diversification: While Bitcoin is leading the charge, a diversified portfolio across various digital assets and traditional investments can mitigate risk. Long-Term Horizon: Institutional adoption often implies a long-term investment horizon. Volatility remains a characteristic of the crypto market, so patience is key. Research and Due Diligence: Understand the underlying technology, market dynamics, and regulatory environment of any digital asset or ETF you consider investing in. Dollar-Cost Averaging: For those investing directly in Bitcoin or other cryptocurrencies, regular, smaller investments can help average out the purchase price over time, reducing the impact of short-term price swings. Leverage ETFs Wisely: If choosing Bitcoin ETFs, understand their fee structures, liquidity, and how they track Bitcoin’s price. They offer convenience but also come with their own set of considerations compared to direct ownership. The market is maturing, but it’s still a relatively new asset class. Informed decisions, based on thorough research, are paramount. In conclusion, the astounding $1.02 billion in net inflows into U.S. spot Bitcoin ETFs on July 11, marking seven consecutive days of positive movement, is a watershed moment for the cryptocurrency market. Led overwhelmingly by BlackRock’s IBIT, these figures underscore a powerful and accelerating trend of institutional adoption. This influx of traditional capital is not merely boosting Bitcoin’s price; it is fundamentally reshaping its perception, solidifying its role as a legitimate and increasingly indispensable asset in global finance. As these trends continue, we can expect a more stable, mature, and widely accepted digital asset ecosystem, truly ushering in a new era for Bitcoin and beyond. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post U.S. Spot Bitcoin ETFs Ignite Market with Over $1 Billion Inflow Surge first appeared on BitcoinWorld and is written by Editorial Team
Capo warns of potential correction in Bitcoin despite recent surge. Altcoins struggle against significant resistance despite Bitcoin's peak. Continue Reading: Expert Warns of Bitcoin’s Potential Downfall After Record Surge The post Expert Warns of Bitcoin’s Potential Downfall After Record Surge appeared first on COINTURK NEWS .
XRP has surged to its highest price in four months, reaching $2.96 amid a notable increase in network activity and retail interest. This rally is supported by a significant rise
Trump has announced a 30% tariff on all goods entering the United States from the European Union and Mexico, starting August 1, according to letters he published on Truth Social Saturday, as per usual. This follows a string of other tariff actions earlier this week against Japan, South Korea, Canada, and Brazil , as well as a separate 50% tariff placed on imported copper. The European Union, which had been trying to secure a full trade agreement with the U.S. for its 27-member bloc, is now facing a new wall of tariffs. Trump made it clear in his letter to Ursula von der Leyen, the President of the European Commission, that the U.S. would not accept what he called decades of non-reciprocal trade practices. “Deficits, engendered by your Tariff, anti-American policies over decades, have cost the United States jobs, companies, and industries,” Trump wrote . He said the U.S. had given the EU enough time to fix the trade imbalance, and claimed that the EU had created barriers to American goods while enjoying unrestricted access to U.S. markets. Trump targets EU for trade deficit and restricted market access In the letter to Ursula, Trump accused the EU of maintaining “significant barriers to U.S. exports” and warned that “a Tariff of 30% is sufficient at this time,” but that higher tariffs were possible if retaliation followed. “If you decide your Tariffs and retaliate, then whatever number you choose to raise by, will be added onto the 30% that we charge,” he wrote. He argued that U.S. openness has been met with protectionism from Europe, and framed the issue as one of national security, not just economics. The letter also included a demand for the EU to begin manufacturing products inside the United States if it wanted the tariffs lifted. Trump said that any European companies interested in doing so would be given fast-track approvals: “We will be everything possible to approvals quick, professionally, and routinely – in other words, a matter of weeks.” He warned that unless Europe gives U.S. exports full access, the tariffs will stay. He added that “Tariffs are necessary to which came the large and insurmountable Trade Deficits against the United States. This is a major threat to our Economy and, indeed, our National Security!” Mexico faces identical demands and retaliation threat In a separate letter, Trump wrote to Claudia Sheinbaum Pardo, the President of the United Mexican States, to deliver the same 30% tariff policy. “You will recall, the United States has had a persistent Trade Deficit with Mexico for decades,” the letter said, blaming the imbalance for lost American “jobs, companies, and industries.” Just like with the EU, Trump said the tariff will remain unless Mexico begins to manufacture and build within the U.S. and reduces barriers on American exports. He told Claudia that if Mexico decides to retaliate with its own trade penalties, then “whatever number you choose to raise by, will be added onto the 30% that we charge.” He accused Mexico of following trade policies that were “anti-American” for decades, and repeated that the American government had been too patient. “We have had years to discuss our Trading Relationship with Mexico,” he said, but insisted that discussions had led nowhere. The letter also included the same approval fast-tracking offer made to the EU. Mexican companies willing to relocate production to the United States were promised quick processing: “We will be everything possible to approvals quick, professionally, and routinely.” Trump said this would be “a matter of weeks.” He ended the letter by calling the growing trade deficit with Mexico “a major threat to our Economy and, indeed, our National Security!”—the same phrase used in the letter to Ursula. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Why Is Binance’s CZ Suing Bloomberg? appeared first on Coinpedia Fintech News Binance co-founder and former CEO Changpeng “CZ” Zhao is threatening legal action against Bloomberg over a report linking him to a stablecoin tied to U.S. President Donald Trump. In a post on X, CZ slammed the article as a “hit piece sponsored by a competitor,” claiming it was filled with “so many factual errors” that he “doesn’t even know where to begin.” His fiery response has reignited debate over media accountability, crypto’s political ties, and the rising pressure surrounding digital finance. 4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don't even know where to begin. Might have to sue them again for defamation. https://t.co/FevGMArHj8 — CZ BNB (@cz_binance) July 11, 2025 Zhao Denies Ties to Trump-Linked Stablecoin The Bloomberg report claims Binance developed the original smart contract code for USD1 – a stablecoin issued by World Liberty Financial (WLF), a company reportedly tied to Trump. It also states that over 90% of USD1 tokens remain in Binance wallets, potentially generating tens of millions of dollars in interest every year. On top of that, it alleges Zhao requested a presidential pardon shortly after a $2 billion deal involving a UAE-based fund investing in Binance. CZ rejected all these claims, hinting that he may sue Bloomberg for defamation. He also pointed to his past legal win against the publication, when Bloomberg’s Chinese-language edition publicly apologized in July 2024 for a false 2022 article accusing Binance of running a Ponzi scheme. Trump’s Crypto Moves Face Rising Scrutiny This controversy comes as Trump’s crypto ambitions draw more attention from U.S. lawmakers. His ventures – like World Liberty Financial, a memecoin, and crypto-friendly campaign funding – have raised concerns across both political aisles. Three major crypto bills are currently under review in the House, including the GENIUS Act, which aims to regulate payment stablecoins. While Democrats were initially against the bill due to Trump’s involvement, it still passed in the Senate with bipartisan support, showing how far crypto has entered the political mainstream. Zhao Pushes Back on WSJ Claims Too This isn’t the first time CZ has clashed with the media. Back in April, he called out The Wall Street Journal over a report suggesting he agreed to testify against Tron founder Justin Sun as part of a plea deal with U.S. authorities. “WSJ is really TRYING here,” Zhao wrote on X, sarcastically pointing out that government witnesses usually don’t serve time. He had already completed a four-month prison sentence in 2023 after pleading guilty to a felony in a U.S. settlement. CZ even suggested WSJ journalists were paid to damage his reputation. Crypto Twitter Stands With CZ Zhao’s post triggered strong reactions on Crypto Twitter. Many users backed his decision to push back against Bloomberg, while crypto influencer Wendy O questioned why the outlet seems so fixated on CZ. The response reflects ongoing distrust between crypto communities and mainstream media. What Lies Ahead for CZ As Zhao fights to clear his name and Binance navigates regulatory hurdles, the crypto industry remains a battleground of legal, political, and financial tensions. With Trump’s crypto ventures under the microscope and Zhao’s potential lawsuit on the horizon, this saga highlights the turbulent dynamics shaping the future of digital finance.