The world of cryptocurrency is no stranger to controversy, but when a titan like Changpeng Zhao, better known as CZ , the visionary founder of Binance, publicly accuses a global financial news powerhouse like Bloomberg of publishing a ‘hit piece,’ it sends ripples throughout the entire industry. This isn’t just a casual tweet; it’s a direct challenge to journalistic integrity and a spotlight on the often-contentious relationship between traditional media and the rapidly evolving crypto space. What exactly did CZ claim, and why does this accusation resonate so deeply within the community? CZ ‘s Fiery Accusation: Unpacking the ‘Hit Piece’ Claim On a prominent social media platform, CZ didn’t mince words. He asserted that Bloomberg had once again targeted him with an article, going as far as to suggest it was ‘sponsored by a competitor.’ Furthermore, he highlighted that the piece contained ‘so many factual errors I don’t even know where to begin.’ This isn’t the first time CZ has voiced strong opinions about media coverage, but the direct accusation of a ‘sponsored’ attack elevates this particular incident to a new level of concern for those following crypto news . Let’s break down the core elements of CZ’s claim: The ‘Hit Piece’ Label: This term implies an article designed to damage reputation, often with a biased or incomplete portrayal of facts. It suggests malicious intent rather than objective reporting. ‘Sponsored by a Competitor’: This is a grave accusation, implying a conflict of interest and a breach of journalistic ethics. If true, it would mean Bloomberg’s reporting was influenced by external, vested interests. ‘Factual Errors’: This is perhaps the most actionable part of the accusation. Identifying and correcting factual inaccuracies is a standard part of journalistic accountability. However, without specific examples provided by CZ at the time of his initial statement, the community is left to speculate. Understanding the Context: Bloomberg ‘s Role in Financial Reporting To fully grasp the weight of CZ’s words, it’s crucial to understand who Bloomberg is. Bloomberg LP is a privately held financial, software, data, and media company headquartered in New York City. It’s renowned for its Bloomberg Terminal, a sophisticated software system that provides financial data, analytics, and trading tools to financial professionals. Its news arm, Bloomberg News, is one of the world’s largest financial news organizations, known for its extensive global network of reporters and its focus on market-moving information, economics, and business. Given Bloomberg’s stature and influence, an accusation of a ‘hit piece’ or being ‘sponsored’ is not taken lightly. It raises questions about: Journalistic Integrity: Is a reputable news organization compromising its standards for external influence? Trust in Information: If such claims are true, how can readers trust the information they consume, especially in volatile markets like crypto? Power Dynamics: It highlights the immense power media outlets wield in shaping public perception and market sentiment. The Broader Challenge of Media Bias in Crypto CZ’s accusation isn’t an isolated incident; it’s a symptom of a larger, ongoing tension surrounding media bias in the coverage of cryptocurrencies. For years, the crypto community has often felt that mainstream media outlets, including prominent ones, approach the industry with a skeptical, often negative, or ill-informed bias. This perceived bias can manifest in several ways: Focus on Negatives: Overemphasis on scams, hacks, illicit activities, and price crashes, while underreporting technological advancements, adoption, and positive use cases. Lack of Understanding: Journalists sometimes struggle with the technical complexities of blockchain and cryptocurrencies, leading to misinterpretations or oversimplifications. Traditional Finance Lens: Applying traditional financial paradigms to a revolutionary technology that often defies them, leading to critical assessments based on outdated frameworks. Regulatory Uncertainty: Reporting often highlights regulatory crackdowns or warnings, contributing to a narrative of risk and instability. This perceived bias creates a feedback loop: negative coverage can fuel public distrust, potentially impacting adoption and regulatory attitudes, which then can be cited in further negative reporting. It’s a challenging environment for any entity operating in the crypto space, particularly a dominant player like Binance . The Impact on Binance and the Crypto Ecosystem As the world’s largest cryptocurrency exchange by trading volume, Binance is constantly under the microscope. Its operations span the globe, making it subject to diverse regulatory frameworks and intense scrutiny from governments, financial institutions, and media alike. When its founder, CZ , makes such a public statement against a major media outlet, it has several potential repercussions. Binance has faced its share of regulatory challenges and media scrutiny in the past, making CZ’s response understandable within that context. The exchange has been working to enhance its compliance frameworks and engage more proactively with regulators, making accurate and fair media representation crucial to its ongoing efforts. Navigating the Information Landscape: Actionable Insights for Consuming Crypto News In an era where information spreads rapidly and accusations fly, how can individuals interested in crypto discern truth from noise? CZ’s claims against Bloomberg serve as a powerful reminder of the importance of critical media literacy. Here are some actionable insights: Verify Sources: Don’t just read the headline. Who published the article? What is their reputation? Do they have a track record of balanced reporting? Look for Evidence: Does the article cite specific data, quotes, or documents? Are claims substantiated with verifiable facts, or are they based on anonymous sources or speculation? Consider Multiple Perspectives: Read articles from various news outlets, including those with different editorial slants. Compare their narratives and factual reporting. Follow Original Statements: If a public figure like CZ makes a claim, try to find their original statement (e.g., on their social media, official press releases) rather than relying solely on third-party interpretations. Understand Motivations: Consider the potential motivations of both the reporter/outlet and the subject of the article. Is there a financial interest, a competitive angle, or a desire to shape public opinion? Engage with the Community (Critically): Online crypto communities can offer valuable insights and different viewpoints, but also be aware of echo chambers and misinformation within these groups. Always cross-reference. By adopting a more discerning approach to crypto news , readers can better navigate the complex and often polarized information landscape, making more informed decisions about their investments and understanding of the industry. The Ongoing Saga: What’s Next for CZ , Bloomberg , and Binance ? The accusation by CZ against Bloomberg is more than just a public spat; it’s a reflection of the intense scrutiny and high stakes involved in the cryptocurrency industry. Whether Bloomberg will issue a formal response, provide clarification, or simply stand by its reporting remains to be seen. What is clear is that this incident highlights the delicate balance between journalistic freedom and the potential for perceived or actual bias to influence public perception. For Binance , maintaining a strong public image and fostering trust among its vast user base is paramount. For the broader crypto community, it’s a call to arms for greater media literacy and a deeper understanding of the forces that shape narratives around digital assets. As the crypto space continues to mature, the relationship between its key players and traditional media will undoubtedly evolve, hopefully towards more balanced, informed, and constructive dialogue. To learn more about the latest crypto market trends, explore our article on key developments shaping the cryptocurrency landscape and institutional adoption.
Some Democrats are pledging to punish other party members who support what they see as “Trump’s crypto corruption.” Leadership has largely stayed out of the fight.
French authorities have launched a criminal investigation into Elon Musk’s social media platform, X, over allegations of algorithmic manipulation to facilitate foreign interference. The Paris prosecutor’s office has confirmed that the national gendarmerie’s cybercrime unit will spearhead the probe. In a statement , Paris prosecutor Laure Beccuau confirmed that the investigation targets both X as a corporate entity and unnamed individuals connected to the platform. The probe is centered on two serious potential offenses: the “alteration of the operation” of an automated data processing system, and the “fraudulent extraction of data” from such a system, allegedly carried out “by an organized group.” These charges suggest authorities are examining whether coordinated efforts were made to manipulate the platform’s algorithm and extract data that could compromise national or democratic integrity. French MP claims against X In February, two reports came in from the cybercrime section of the Paris prosecutor’s office about how the social network was allegedly using algorithm manipulation for foreign interference. This made Laure Beccuau’s office start its first investigation into X. Also, both an unnamed senior official from a French public institution described by French media as a cybersecurity manager and a member of parliament called Éric Bothorel made these claims. On Friday, Eric Bothorel welcomed news of the investigation moving forward, saying that they come “at a time when the new Grok update seems to be tipping over to the dark side of the force, with a predominance of questionable, even nauseating, content.” Suite à la communication du @parquetdeParis relative au dossier #X #Twitter et la nouvelle orientation que prend l’enquête notamment sur l'usage des algorithmes de X "à des fins d'ingérence étrangère", voici mon communiqué ⤵️ pic.twitter.com/GWXNw1B2GR — Éric Bothorel #FreeCécileKohler (@ebothorel) July 11, 2025 X took down the automatic account for its AI chatbot on July 9 after it spread antisemitic stories on Tuesday afternoon, which wasn’t the first time it happened. Eric Bothorel said that he filed his report as an MP, but also as a citizen who does not want Moscow, Silicon Valley, or anyone else to distort democratic conversations. “I was convinced that information bias, which is particularly strong on the X platform, was serving Elon Musk’s political opinions, and that this could only be achieved through algorithmic manipulation,” the elected official stated. As the prosecutor for Paris, Beccuau has led cases involving the hacking site BreachForums. She is also in charge of the ongoing legal investigation into Telegram and its CEO, Pavel Durov, who was arrested on suspicion of helping criminals use the app. Since then, Durov has been permitted by the court to leave France for Dubai, but the probe is still going on. This is proof that Musk and X are up for a run. European Commission to open investigation into Grok Meanwhile, the European Commission is in touch with X about this issue. Some European lawmakers and the Polish government pressed the European Commission to open an investigation into Grok under the EU’s flagship online safety rules. In Turkey, Grok has been banned for insulting Turkish President Recep Tayyip Erdoğan and his late mother. The reason for this is that there is also a lot of damaging and offensive content in these sets, like hate speech and even material about sexually abusing children on the internet. Because the data sets are so big, getting rid of all of this information would be very hard and time-consuming. Grok can also see all of X’s data, which is something other robots can’t do. This makes it more likely that it will repeat content from the platform. Still, Musk has not been swayed. On Thursday, as CEO of Tesla, he revealed that Grok would soon be available in all of its cars. Some people think that the events are in line with Musk’s history of pushing the limits to bring about new ideas. The CEO of a tech company, Katie Harbath, says, “Elon has a reputation of putting stuff out there, getting fast blowback and then making a change.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
US President Donald Trump has granted multiple pardons to prominent figures in the cryptocurrency sector, signaling a notable shift in the political landscape surrounding digital finance. Among those seeking clemency
US President Donald Trump has issued five pardons for figures in the crypto and blockchain industries, and may have received requests from Changpeng Zhao and Sam Bankman-Fried.
Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says it’s adding Sky ( SKY ), formerly known as MakerDAO, as well as its associated stablecoin USDS ( USDS ), to its suite of digital asset products. “Sky (SKY) and USDS (USDS) are now live on Coinbase.com and in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the additions had little impact on the tokens, as SKY is trading for $0.0836 at time of writing, a 3% gain during the last 24 hours, while USDS has remained pegged to the value of the US dollar. According to the crypto analytics firm Messari, MakerDao first rebranded to Sky in August 2024, replacing its governance token MKR with SKY and its dollar-pegged digital asset DAI with USDS. Messari says that the rebrand was a part of the development team’s “endgame” strategy, which is a plan to promote growth and accessibility within the DeFi ecosystem as well as create bridges to traditional finance. “The rebranding is intended to appeal to a broader audience beyond the crypto-native community, signaling a shift towards traditional finance and potentially increasing adoption… Overall, the rebranding to Sky is a strategic move within Maker’s Endgame Plan to enhance DeFi growth, accessibility, and resilience, although it faces challenges in community acceptance and brand identity.” 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. Featured Image: Shutterstock/Agor2012/LongQuattro The post Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS appeared first on The Daily Hodl .
SUI nears breakout as traders show confidence and short liquidations surge.
The cryptocurrency world is buzzing with significant news as Nasdaq-listed blockchain firm , BTC Digital (BTCT), makes a strategic leap forward. In a move that underscores growing institutional confidence in digital assets, the company has announced the establishment of a substantial $1 million Ethereum reserve . This bold step isn’t just about accumulating digital currency; it’s a clear signal of their ambitious digital asset strategy aimed at scaling operations and solidifying their position in the rapidly evolving blockchain landscape. What Does a $1 Million Ethereum Reserve Mean? For a publicly traded company like BTC Digital , setting up an Ethereum reserve signifies more than just holding a cryptocurrency. It represents a calculated investment and a diversification of their treasury assets. Historically, companies have held traditional fiat currencies or gold as reserves. However, as the digital economy matures, forward-thinking entities are increasingly looking to cryptocurrencies like Ethereum (ETH) for various strategic advantages. Strategic Asset Holding: ETH is not just a digital currency; it’s the native asset of the Ethereum blockchain, a platform for decentralized applications (dApps), smart contracts, and NFTs. Holding ETH provides exposure to this vast ecosystem. Operational Flexibility: An Ethereum reserve can potentially be used for future investments, liquidity provisions for decentralized finance (DeFi) initiatives, or even as collateral for borrowing in the crypto space. Market Confidence: Such a move from a Nasdaq-listed blockchain firm can instill confidence among investors, signaling a long-term commitment to the digital asset space and a belief in its future growth. Why is BTC Digital Betting on Ethereum? The decision by BTC Digital to allocate $1 million specifically to Ethereum is particularly noteworthy. While Bitcoin often dominates headlines for institutional adoption, Ethereum’s ecosystem offers unique functionalities that appeal to companies focused on technological innovation and scaling. Ethereum’s robust network, active developer community, and its pivotal role in the DeFi and NFT sectors make it an attractive asset for a blockchain firm looking to expand its operational capabilities and embrace future trends. This strategic allocation reflects a nuanced understanding of the crypto market beyond mere price speculation. It suggests that BTC Digital sees Ethereum as a foundational technology for their scaling efforts, potentially integrating ETH into their services or using it to fuel future blockchain-based projects. The Rise of Institutional Crypto Adoption BTC Digital ‘s move is part of a broader trend of increasing institutional crypto adoption. What was once considered a niche or speculative asset class is now becoming a legitimate component of corporate treasuries and investment portfolios. From MicroStrategy’s significant Bitcoin holdings to Tesla’s past forays into crypto, and now BTC Digital ‘s Ethereum reserve , the landscape is shifting. This trend is driven by several factors: Factor Description Inflation Hedge Some institutions view cryptocurrencies as a potential hedge against inflation, similar to gold. Diversification Adding digital assets can diversify traditional portfolios, potentially reducing overall risk. Technological Innovation Companies want to be at the forefront of emerging technologies like blockchain and Web3. Market Opportunity The potential for significant returns in a rapidly expanding market. The entry of more regulated and publicly traded entities like BTC Digital lends credibility to the entire digital asset space, paving the way for even wider acceptance. Crafting a Resilient Digital Asset Strategy For any company venturing into cryptocurrencies, a well-defined digital asset strategy is paramount. BTC Digital ‘s establishment of an Ethereum reserve is a prime example of a deliberate and calculated approach. This isn’t a speculative gamble; it’s an integration of digital assets into their core business plan for scaling and future growth. Key components of a robust digital asset strategy often include: Clear Objectives: Defining why the assets are being acquired (e.g., treasury diversification, operational use, investment). Risk Management: Implementing protocols for security, custody, and volatility management. Regulatory Compliance: Navigating the evolving legal and regulatory landscape surrounding cryptocurrencies. Long-Term Vision: Aligning digital asset holdings with the company’s overarching business goals. BTC Digital ‘s move highlights the importance of a strategic, rather than reactive, approach to crypto adoption for businesses aiming for sustainable growth. What’s Next for BTC Digital and the Crypto Market? The establishment of this Ethereum reserve by BTC Digital is likely to be watched closely by other companies considering similar moves. It sets a precedent for Nasdaq-listed blockchain firm s to integrate significant digital asset holdings into their financial strategies. As the institutional embrace of crypto continues, we can anticipate more companies exploring not just Bitcoin, but also Ethereum and other promising altcoins, as part of their diversified digital asset portfolios. This development reinforces the narrative that digital assets are maturing beyond speculative instruments into legitimate components of global financial and corporate strategies. For investors and enthusiasts alike, it’s a positive sign of the continued mainstreaming of blockchain technology. Final Thoughts: A Strategic Horizon BTC Digital ‘s decision to establish a $1 million Ethereum reserve is more than just a headline; it’s a testament to the evolving perception of digital assets within traditional finance. It showcases a proactive digital asset strategy designed to empower a leading blockchain firm for future growth and operational expansion. As institutional crypto adoption accelerates, such moves by entities like BTC Digital will undoubtedly play a crucial role in shaping the financial landscape of tomorrow, making the future of decentralized technology look brighter than ever. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action.
Cryptocurrencies with strong utility and adoption potential often pose the most intriguing investment opportunities. While Tron has long been lauded for its innovative blockchain solutions, a new contender is emerging as an even more exciting prospect. Ruvi AI (RUVI) , an audited and utility-driven AI token, is capturing investor interest for its ability to deliver six-figure returns on a mere $2,000 investment . Backed by structured growth, real-world applications, and a transparent roadmap, Ruvi AI could well outshine Tron in terms of growth and investor value. Here’s why Ruvi AI is being viewed as a game-changer in the crypto space. Security and Transparency That Drive Investor Trust When it comes to investing, trust is often the deciding factor. Ruvi AI ensures trust through a committed focus on security and transparency , starting with its third-party audit by CyberScope , a well-respected blockchain security firm. This audit gives investors peace of mind, certifying that Ruvi AI’s smart contracts are secure, reliable, and free of vulnerabilities. Ruvi AI further builds confidence with its partnership with WEEX Exchange , a trusted trading platform known for its liquidity and scalability. This partnership guarantees that Ruvi AI tokens will have post-presale liquidity , ensuring investors can seamlessly trade their holdings once the token is publicly listed. Together, these steps position Ruvi AI as a safe, reliable investment, a critical factor for both new and seasoned investors hesitant to commit to projects without similar levels of transparency. Presale Metrics That Signal Success Numbers often speak louder than words, and Ruvi AI’s presale achievements should grab anyone’s attention. To date: The project has successfully raised $2.3 million in funding. Over 185 million tokens have been sold in its presale stage. It boasts a growing community of over 2,100 holders , all of whom represent the increasing confidence in this early-stage contender. Currently priced at $0.015 per token during Phase 2 , Ruvi AI provides investors with an incredibly low-cost entry point. For those participating now, the token price will rise to $0.07 by the end of the presale , a nearly 5x ROI . Analysts predict an even more impressive climb to $1 per token post-listing , which equates to a 66x ROI for early adopters. Such clear, structured growth rivals even Tron’s initial rise and presents a rare opportunity for those seeking exponential returns. Real-World Applications That Drive Utility While some cryptocurrencies rely on speculation, Ruvi AI stands apart by offering real-world solutions through its integration of blockchain technology and artificial intelligence (AI) . These innovations serve multiple industries, broadening its utility and demand. Marketing Innovation Ruvi AI’s AI-powered tools are designed to make marketing campaigns more efficient. By offering data-driven audience targeting, its solutions minimize wasted budgets, while maximizing the effectiveness of ad spends, a much-needed advantage for businesses looking to stay competitive. Empowering Digital Creators For the entertainment industry, Ruvi AI delivers blockchain-secured payment systems that guarantee fair, transparent compensation to artists and creators. Beyond payments, Ruvi AI also provides AI-driven insights to help creators grow their audiences and unlock new revenue streams more effectively. Transforming Finance Ruvi AI reshapes global finance with secure payment protocols and fraud-prevention solutions . These systems offer faster, safer transactions, making the token highly appealing for businesses and individuals alike. The combination of these practical utilities ensures sustained demand for Ruvi AI, cementing its position as more than just another speculative crypto. Maximize Earnings with Lucrative VIP Tiers To reward early backers, Ruvi AI introduces VIP investment tiers during its presale. These tiers deliver significant bonuses and amplify potential returns for participating investors: VIP Tier 2 ($750 investment, 40% bonus): Total tokens received: 70,000 (50,000 base + 20,000 bonus). Value at $0.07 per token: $4,900. Value at $1 per token: $70,000. VIP Tier 3 ($2,100 investment, 60% bonus): Total tokens received: 224,000 (140,000 base + 84,000 bonus). Value at $0.07 per token: $15,680. Value at $1 per token: $224,000. VIP Tier 5 ($9,600 investment, 100% bonus): Total tokens received: 1,280,000 (double allocation). Value at $0.07 per token: $89,600. Value at $1 per token: $1,280,000. This unique structure offers exceptional rewards even for modest investments, making Ruvi AI accessible to a wider range of investors. Could Ruvi AI Outperform Tron? While Tron has cemented its position as a blockchain pioneer, Ruvi AI has the potential to go even further with its transparent practices, utility-driven solutions, and strong early performance . At its current presale price of $0.015 , Ruvi AI presents a rare ground-floor opportunity for savvy investors. With a clear trajectory to $1 per token , turning a $2,000 investment into six figures is no longer just wishful thinking, it’s a calculated possibility. If you’re looking to enter the crypto space and aim for exponential returns, now is the time to act . Join the Ruvi AI presale and secure your position in one of the most promising blockchain projects today! Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Can Tron (TRX) Deliver 6-Figure Returns? Analysts Say This Audited AI Token Could Do It with Just $2,000 appeared first on Times Tabloid .
Bitcoin has set a new all-time high (ATH) above $118,000, but on-chain data from Glassnode shows BTC volume remains low despite the breakout. Bitcoin Volume Still At Historically Low Levels Just recently, Glassnode had revealed that volume related to Bitcoin had dropped to yearly lows, potentially hinting at the start of a summer lull. Now, following the breakout to new highs, the on-chain analytics firm has shared updated data in a reply to an X user, showcasing how volume has changed since. From the chart, it’s visible that both the Spot and Futures Volumes, corresponding to Bitcoin trading activity occurring on the spot and futures platforms, respectively, plummeted at the end of June and remained low into early July. Related Reading: Solana Breaks Out Of Symmetrical Triangle—Next Stop $164? With the latest price breakout, however, both metrics have seen an increase, suggesting activity has noted an uplift across both the spot and futures markets. That said, while there has indeed been an uptick in trading, volumes still remain low when compared to history. Historically, rallies have usually only been sustainable when they have been able to capture mass attention from the traders. This is because the fresh activity is what ends up providing fuel for these runs to keep going. “The takeaway here is that BTC hit an ATH despite thin liquidity – worth paying attention to,” notes the analytics firm. It now remains to be seen whether the activity increase would continue in the coming days or if the lull is here to stay. In some other news, a key Bitcoin indicator still remains outside the euphoria zone, as Glassnode has pointed out in another X post. The metric in question is the Net Unrealized Profit/Loss (NUPL) of the long-term holders. The NUPL measures, as its name suggests, the net amount of unrealized profit or loss that the BTC investors are currently holding. Here, the NUPL of the long-term holders (LTHs) specifically is of interest, who are the investors holding their coins for more than 155 days. Below is a chart that shows the trend in the Bitcoin LTH NUPL over the past year. As displayed in the graph, the Bitcoin LTH NUPL has observed a rise alongside the latest price rally as LTH profits have grown. However, despite this, the indicator stands at 0.69, which is under the 0.75 level that has historically separated euphoric markets. Related Reading: Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move “This cycle has seen just ~30 days above the 0.75 threshold, compared to 228 days in the previous cycle,” says the analytics firm. The metric was last above this level in February. BTC Price At the time of writing, Bitcoin is floating around $118,000, up over 9% in the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com