These Stories Are Generating the Most Crypto Interest Thursday!
🗣️ The stories generating the biggest headlines across social media Thursday, are:
❌ InfoFi Project Ban: X has banned InfoFi crypto projects like Kaito, Cookie, and Xeet from using its API to stop spam and AI-generated low-quality content. Head of Product Nikita Bier revoked access to apps that reward users for posting, aiming to clean up the platform. This move caused a sharp drop in InfoFi token prices, including a 17% crash for $KAITO. The ban targets reply spam and automated posting, signaling a shift away from reward-driven social crypto models.
🐳 Whales Momentum Surge: Whales are aggressively buying new tokens across BSC and SOL chains, driving massive short-term price surges. Notable spikes include +5476% for FartCoin and +4018% for EAG, fueled by high whale concentration and low sniper activity. The trend reflects speculative momentum and hunt for quick gains amid mixed safety scores. Caution advised as some tokens show high sniper presence and low developer involvement.
💸 BSC Token Purchases: Multiple wallets are actively purchasing low-priced tokens on the Binance Smart Chain within the last hour. The surge in wallet activity suggests growing interest or speculative positioning in these micro-cap assets. Investors may be seeking early entry points before potential price moves. The volume remains modest but consistent across various tokens, indicating cautious optimism.
🇺🇸 Coinbase Senate Delay: The US Senate Banking Committee has postponed the crypto market structure bill markup after Coinbase CEO Brian Armstrong withdrew support. Armstrong criticized the bill for banning tokenized equities, restricting DeFi, and favoring banks over competition with stablecoin rules. This delay extends regulatory uncertainty and highlights industry resistance to the current draft. Key actors aim to avoid harmful legislation that could stifle innovation.
📈 Bitcoin Surges Past 97K: Bitcoin's market cap nears silver and gold benchmarks as it surges past $97K, fueled by strong ETF inflows and institutional demand. Ethereum staking hits a record high with over 36 million ETH locked, signaling growing confidence in its network. Binance completes its 34th quarterly BNB burn, reducing supply and boosting scarcity. Market optimism grows amid macro tailwinds and short squeezes, while regulatory clarity remains uncertain.