Binance Debunks Viral Tom Lee Quote on XRP Creating Millionaires

A widely circulated quote attributed to Wall Street strategist Tom Lee, suggesting that "XRP could create millionaires in the next 90 days," has been debunked by Binance's fact-checking team. The statement, which spread rapidly across crypto social media platforms, lacks any verified source and appears to be part of a recurring pattern of unsubstantiated hype. Investigations reveal that similar claims have surfaced months earlier without credible attribution. Despite the false quote, Tom Lee is known for maintaining a bullish outlook on cryptocurrencies, though this specific prediction remains unfounded. The incident underscores the importance of verifying information in the volatile and rumor-driven crypto market, where misleading claims can quickly gain traction. Binance's proactive fact-checking efforts highlight the exchange's commitment to combating misinformation and promoting transparency within the industry.

Fact Check: Viral Tom Lee Quote on XRP Creating Millionaires Debunked

A purported statement from Wall Street strategist Tom Lee claiming "XRP could create millionaires in the next 90 days" has spread across crypto social media. Investigation reveals no verified source for the quote, with Binance's fact-checking team confirming its falsity.

The unsubstantiated claim follows a pattern of recycled hype, having appeared months prior without attribution. While Lee maintains a bullish stance on crypto broadly, his recent commentary focuses on Bitcoin and ethereum rather than XRP-specific price predictions.

Market participants should approach such viral claims with skepticism, particularly when lacking primary source verification. The incident underscores the crypto ecosystem's vulnerability to misinformation campaigns designed to manipulate sentiment.

Investors Shift Focus to BlockchainFX’s Presale Amid 2025 Bull Cycle

As the 2025 crypto bull run accelerates, early-stage projects like Unstaked ($UNSD) and Nexchain ($NEX) are losing ground to BlockchainFX ($BFX), a new platform touted as "the next Binance." Unlike speculative peers, BFX combines a multi-asset trading super app with daily passive income—a rarity in presale projects.

The platform supports 500+ assets, from crypto to ETFs, merging exchange, brokerage, and staking features. Presale momentum builds as tiered pricing rewards early buyers; some analysts predict 500x gains post-launch based on staking rewards and adoption metrics.

BNB Nears $700 Amid Token Burn and Corporate Treasury Interest

BNB's price surged toward $700 as Binance executed a $1 billion token burn and institutional interest grew in using the asset for corporate treasury reserves. The cryptocurrency gained 2.8% in 24 hours, peaking near $695 amid a broader market rally that pushed Bitcoin to record highs above $118,000.

Binance's 32nd quarterly burn removed 1.59 million BNB from circulation, part of a long-term strategy to reduce total supply to 100 million tokens. Meanwhile, over 30 teams are developing BNB-based treasury solutions, including a proposed $500 million U.S.-listed vehicle backed by 10X Capital.

Network activity on BNB Chain has doubled since March, with daily active addresses reaching 2.5 million and transaction volumes tripling. Market participants now watch whether BNB can decisively break the $700 resistance level in coming sessions.

Binance Coin Surges Past $700 as Bullish Indicators Mount

Binance Coin (BNB) has breached a critical resistance level, with its price now hovering NEAR $700 following a 6.38% weekly gain. Trading volume spiked 37.91% to $2.52 billion, propelling its market capitalization to $96.65 billion. The rally coincides with BNB Chain's 32nd quarterly burn, which eliminated 1.59 million tokens worth over $1 billion.

Technical charts reveal a textbook cup-and-handle formation on daily timeframes, typically signaling extended upside. The pattern gained confirmation after BNB cleared $675, supported by rising trade volumes that underscore growing buyer interest. Momentum indicators flash bullish: the RSI approaches overbought territory at 69.09, while MACD lines show sustained buying pressure.

Cryptocurrency Market Sees Institutional Moves and Record Highs

The cryptocurrency market experienced heightened activity today, marked by institutional acquisitions, record price surges, and regulatory developments. SharpLink Gaming bolstered its Ethereum holdings with a $25.7 million purchase of 10,000 ETH from the Ethereum Foundation, bringing its total to 215,634 ETH—worth over $550 million—and solidifying its position as the largest publicly traded ETH holder.

Bitcoin shattered records, reaching an all-time high of $118,856, fueled by institutional demand and ETF inflows exceeding $1 billion. The rally spilled over into altcoins, meme coins, and DeFi tokens, amplifying market momentum.

Bhutan’s Royal Government continued its strategic profit-taking, transferring 100.215 BTC ($11.83 million) to Binance. Over the past 11 days, the nation has moved 449.3 BTC ($50.15 million) from its 11,711 BTC treasury, managed by Druk Holdings.

In a resolution to a high-profile hack, GMX decentralized exchange recovered stolen funds after the attacker agreed to return them for a 10% bounty.