Senin, 14 Juli 2025

Binance built a Trump coin? Schiff says ditch BTC


Binance's role in creating USD1 raises eyebrows—while Peter Schiff's doubling down on silver over Bitcoin.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Binance Reportedly Helped Create WLF's USD1, Peter Schiff Says Sell BTC for Silver

July 5 - 6

#1

Grayscale calls out SEC delay of Digital Large Cap Fund ETF listing

Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission's (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday.

The SEC's Division of Trading and Markets initially approved the ETF proposal, but the SEC's Office of the Secretary decided to review the action immediately afterward, halting the decision, Grayscale's attorneys said.

This violates the "statutory approval or disapproval deadline" set by the SEC and conflicts with established procedure, according to the attorneys.

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#2

Binance helped create World Liberty Financial stablecoin — Report

Cryptocurrency exchange Binance reportedly helped create the code behind the stablecoin issued by World Liberty Financial (WLF), one of the crypto businesses tied to US President Donald Trump.

According to a Friday Bloomberg report citing three people familiar with the matter, Binance helped create, promote and played a role in the largest transaction of WLF's USD1 stablecoin. The crypto business, backed by Trump and his three sons, launched USD1 on March 4.

An Abu Dhabi-based investment firm, MGX, announced a $2 billion investment in Binance on March 12 using a then-unnamed stablecoin. Eric Trump, one of WLF's co-founders, said in May that the company would be using USD1 to settle the investment.

#3

Peter Schiff says sell Bitcoin for silver as BTC smashes new highs

Longtime Bitcoin critic and gold advocate Peter Schiff said the latest BTC rally may be a selling opportunity for investors to buy silver instead.

"With Bitcoin hitting new highs today (in dollars), it's a great time to sell some and buy silver ahead of silver's next big leg up," Schiff said in a Thursday X post as Bitcoin put on its moon boots again and set new highs above $112,000.

He claimed that silver has more upside potential than Bitcoin and added that while BTC "can easily crash, silver's downside seems very limited."

Arthur Hayes, co-founder and former CEO of BitMEX, also weighed in on market conditions in a Friday X post. He said he was "slightly bearish" due to the US Treasury General Account being replenished through new debt issuance, which could temporarily drain liquidity.

Prediction of the Week

Bitcoin Christmas rally to $200K or $300K possible based on 'power law' model

Bitcoin has rallied by 10% in July, reaching new highs at $118,600, and this could be just the beginning of a parabolic rally according to anonymous Bitcoin analyst apsk32. The analyst said that Bitcoin could be worth as much as $258,000 if history repeats itself.

According to apsk32, Bitcoin's price action has followed a long-term power curve trendline, a mathematical model reflecting BTC's exponential growth over time. It measures price deviation from this trendline, not just in dollar terms, but in units of time, an approach known as Power Law Time Contours.

The analyst explained that Bitcoin is slightly more than two years ahead of its power curve, meaning if the price stayed flat, it would take over two years for the long-term trendline to intersect it again. "We're currently above 79% of the historical data using this metric. The top 20% is what I call 'extreme greed.' These are the blow-off tops that come around every four years," apsk32 said.

FUD of the week

Bitzlato co-founder requests US pardon after guilty plea — Report

Anatoly Legkodymov, a Russian national and former CEO of cryptocurrency exchange Bitzlato, reportedly requested a federal pardon from US President Donald Trump after a 2023 guilty plea and serving 18 months in prison.

According to a Friday report from the Russian state media outlet TASS, Legkodymov's legal team officially asked Trump for a presidential pardon after he pleaded guilty to operating an unlicensed money transmitting business. Legkodymov was indicted in January 2023, pleaded guilty in December, and was sentenced to time served in July 2024 after being in custody for about 18 months.

"Anatoly [...] became a target in a political campaign against the crypto market and talented Russian programmers," said Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, according to TASS.

FUD of the week

France opens criminal investigation into X for alleged algorithmic manipulation

The French Public Prosecutor's Office has opened an investigation into X over the alleged use of its algorithm for foreign interference.

According to a statement from Magistrate Laure Beccuau on Friday, prosecutors have launched a probe into whether X violated French law by manipulating its algorithms to extract user data fraudulently.

The investigation was launched after two reports were submitted to the Paris Public Prosecutor's Office's cybercrime division on Jan. 12 — one by Member of Parliament Éric Bothorel, a member of French President Emmanuel Macron's Ensemble Pour La Republique party, and another by a senior government official whose identity was not disclosed.