hodler

11 May 2026, 11:52

Binance Official Account Posts Cryptic '317,773,509' Number

Binance's cryptic message collected a lot of criticism under it, as community's market outlook is far from being positive.

11 May 2026, 11:50

Peter Schiff Labels Bitcoin a ‘Decentralized Ponzi,’ Calls Strategy’s STRC a ‘Centralized’ Version

BitcoinWorld Peter Schiff Labels Bitcoin a ‘Decentralized Ponzi,’ Calls Strategy’s STRC a ‘Centralized’ Version Prominent Bitcoin critic and Euro Pacific Capital CEO Peter Schiff has reignited a long-standing debate, describing Bitcoin as a new form of decentralized Ponzi scheme. In a recent discussion centered on Strategy (MSTR), the firm led by Michael Saylor, Schiff argued that because Bitcoin generates no profits or dividends, existing investors can only realize gains if new participants buy in at higher prices—a dynamic he equates to a Ponzi structure. Schiff’s Broader Critique: From BTC to STRC Schiff did not limit his criticism to Bitcoin. He also targeted Strategy’s corporate preferred stock product, STRC, calling it a typical centralized Ponzi scheme operated by the company. According to Schiff, while Bitcoin’s decentralized nature makes its alleged Ponzi characteristics diffuse, STRC represents a more direct, company-run financial instrument that relies on continuous new investment to sustain returns for earlier investors. This distinction is central to Schiff’s argument: he views both assets as structurally flawed, but places STRC in a more traditional, centralized fraud category, whereas Bitcoin’s model is, in his view, a market-wide phenomenon without a single operator. Saylor’s Counterargument Strategy founder Michael Saylor has previously countered Schiff’s allegations, stating that the CEO has never liked Bitcoin or the broader digital asset industry. Saylor maintains that Bitcoin is a legitimate store of value and a hedge against inflation, dismissing Schiff’s Ponzi label as a misunderstanding of the asset’s fundamental properties. Saylor has often pointed to Bitcoin’s fixed supply, network effects, and growing institutional adoption as evidence of its viability. Why This Debate Matters to Investors The Schiff-Saylor exchange is more than a rhetorical clash. It reflects a deep divide in financial circles over the legitimacy of digital assets. For investors, the debate raises practical questions about risk, valuation, and the sustainability of returns in an asset class that produces no cash flow. Understanding both sides—the critique of Bitcoin as a speculative vehicle and the defense of it as digital gold—is essential for making informed portfolio decisions. Schiff’s comments also highlight a growing scrutiny of corporate crypto-linked products like STRC. As regulators worldwide examine the structure of crypto-backed securities, the distinction between decentralized and centralized financial products becomes increasingly relevant for compliance and investor protection. Conclusion Peter Schiff’s latest criticism of Bitcoin and Strategy’s STRC product underscores a persistent skepticism toward digital assets from traditional finance figures. While his Ponzi label is controversial and contested by proponents like Michael Saylor, it forces a necessary conversation about the underlying mechanics of crypto investments. For readers, the key takeaway is to critically evaluate the revenue models and risk profiles of any asset—whether decentralized or centralized—before committing capital. FAQs Q1: What did Peter Schiff say about Bitcoin? Schiff described Bitcoin as a decentralized Ponzi scheme, arguing that since it generates no profits or dividends, existing investors can only profit if new investors buy at higher prices. Q2: What is STRC, and why did Schiff criticize it? STRC is a preferred stock product issued by Strategy (MSTR). Schiff called it a centralized Ponzi scheme, suggesting it relies on continuous new investment to sustain returns, similar to traditional fraud models. Q3: How did Michael Saylor respond to Schiff’s claims? Saylor has stated that Schiff has never liked Bitcoin or the industry, and he defends Bitcoin as a legitimate store of value with fixed supply and growing adoption, rejecting the Ponzi label. This post Peter Schiff Labels Bitcoin a ‘Decentralized Ponzi,’ Calls Strategy’s STRC a ‘Centralized’ Version first appeared on BitcoinWorld .

11 May 2026, 11:30

Bitforex Founder Garrett Jin Deposits $1.35B in ETH to Binance in 4 Days

A wallet linked to Garrett Jin, founder of the now-defunct exchange Bitforex, has deposited all 577,896 ether into Binance over just four days, closing out a position he acquired by swapping bitcoin for ETH when ether was trading at $4,591. A $1.35 Billion ETH Offload and a Costly Trade A wallet attributed to Garrett Jin

11 May 2026, 11:30

OSMO Surges Over 200% as Bithumb Trading Dominates, On-Chain Data Shows Little Change

BitcoinWorld OSMO Surges Over 200% as Bithumb Trading Dominates, On-Chain Data Shows Little Change Osmosis (OSMO), the native token of the decentralized exchange Osmosis, experienced a dramatic price surge of over 200% in the past 24 hours, briefly reaching $0.128 before settling around $0.105, according to data from BlockBeats and CoinGecko. The sudden spike has drawn significant attention from traders and analysts, particularly due to the concentration of trading activity on a single centralized exchange. Exchange Volume Concentration Raises Questions CoinGecko data reveals that OSMO’s global 24-hour spot trading volume reached approximately $175 million. A striking 30% of this volume—around $55.8 million—originated from the South Korean exchange Bithumb. In comparison, Binance accounted for 22.4% of the total volume. This heavy reliance on a single exchange for price discovery is unusual for a token native to a decentralized finance (DeFi) ecosystem. Further underscoring the anomaly, data from DeFiLlama shows that OSMO’s trading volume on decentralized exchanges (DEXs) was a mere $1.24 million during the same period. This massive discrepancy between centralized and decentralized trading volumes suggests the price movement may be driven more by specific market dynamics on Bithumb than by organic demand within the Osmosis ecosystem. On-Chain Fundamentals Remain Stable Despite the sharp price increase, on-chain fundamentals for the Osmosis network have shown no significant changes. Key metrics such as total value locked (TVL), stablecoin market capitalization, and fund inflows have remained relatively flat, according to available data. This lack of fundamental support typically raises caution among long-term investors, as it implies the price surge may not be sustainable. What This Means for Traders For traders and investors, the current situation highlights the importance of looking beyond headline price movements. While a 200% gain is eye-catching, the concentration of volume on a single exchange and the absence of on-chain growth suggest the rally may be speculative or driven by specific trading patterns rather than broad-based adoption or network expansion. Monitoring Bithumb’s order book and trading activity will be crucial in the coming days to assess whether the momentum can be maintained. Conclusion The OSMO price surge is a textbook example of how centralized exchange volume can temporarily decouple a token’s price from its underlying network fundamentals. While the rally has generated significant short-term trading opportunities, the lack of corresponding growth in TVL and DEX activity suggests caution is warranted. Investors should continue to watch for any changes in on-chain metrics or exchange volume distribution to gauge the sustainability of this move. FAQs Q1: Why did OSMO surge over 200%? The surge was primarily driven by a massive increase in trading volume on the South Korean exchange Bithumb, which accounted for 30% of global spot trading. The exact catalyst remains unclear, but it appears to be a concentrated buying event rather than organic ecosystem growth. Q2: Is the OSMO price surge sustainable? On-chain fundamentals, including TVL and stablecoin market cap, have not changed significantly. This suggests the rally may be speculative and could be vulnerable to a sharp correction if Bithumb trading activity subsides. Q3: What should investors watch next? Key indicators include Bithumb’s trading volume and order book depth, as well as any changes in Osmosis’s on-chain metrics like TVL and DEX volume. A shift in volume back to decentralized exchanges or an increase in network activity would be more positive signs for long-term price stability. This post OSMO Surges Over 200% as Bithumb Trading Dominates, On-Chain Data Shows Little Change first appeared on BitcoinWorld .

11 May 2026, 11:28

Bitget IPO Prime taps into $4T AI opportunity with OpenAI

Bitget has added OpenAI (preOPAI) as the second listing on its IPO Prime platform, extending pre-IPO access to one of the most closely watched companies in artificial intelligence. Issued on Solana by regulated partner Republic , preOPAI is designed to track the economic performance of OpenAI following a future public listing. The offering introduces a low entry threshold starting from $100, significantly reducing the capital requirements traditionally associated with pre-IPO participation. The commitment window for preOPAI will open on May 12, 2026, 8:00 to May 15, 2026, 8:00 (UTC). Allocations will then be distributed between 8:00 and 12:00 (UTC), followed by the start of spot trading at 14:00 (UTC) the same day. The launch comes amid surging global interest in artificial intelligence, with capital flowing into AI companies and valuations at historic levels. This $4 trillion opportunity , however, has largely remained limited to institutional investors and private networks. Unlike conventional pre-IPO participation, which often involves long lock-ups and limited liquidity, preOPAI introduces a model where access and flexibility exist together. Once distributed, users are able to actively trade their positions, rather than waiting for a listing event to realize value. In addition, approximately six months post-IPO, holders will have the option to redeem their tokens into stock-linked assets or USDT based on market pricing, providing a defined settlement pathway. The introduction of preOPAI follows the earlier launch of preSPAX , linked to SpaceX, marking a phased approach to expanding IPO Prime. Each listing is introduced with a focus on structure, liquidity and regulatory alignment, rather than speed of rollout. At the point of publication, preSPAX saw over 13,000 users subscribed, with a commitment value of $171 million. This number indicates appetite for the “The way people access markets is changing,” said Gracy Chen, CEO of Bitget. “We’re moving toward a system where different asset classes and opportunities come together on one platform, and where access is no longer limited by structure. That’s the direction we see for the future of finance, and what we are building toward here at Bitget, the Universal Exchange.” The introduction of preOPAI builds on IPO Prime’s broader framework, where digital assets are structured to reflect economic outcomes rather than direct equity ownership. This approach, combined with issuance through a regulated partner, Republic , and Bitget, establishes a more structured foundation for tokenized pre-IPO exposure compared to typical token launch models. Within Bitget’s Universal Exchange model, IPO Prime continues to extend the platform’s reach across the investment lifecycle. With crypto, tokenized traditional assets, and now pre-IPO exposure integrated into a single system, UEX is evolving to support how users allocate capital across different stages of opportunity, rather than across fragmented platforms. The post Bitget IPO Prime taps into $4T AI opportunity with OpenAI appeared first on Invezz

11 May 2026, 10:50

Ripple CEO Headlines Major Binance Online Event

Binance online event brings together some of crypto’s biggest names including Ripple CEO Brad Garlinghouse.