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A $160 million crypto prediction market on Polymarket has sparked wide criticism after a dispute over whether Ukrainian President Volodymyr Zelenskyy wore a suit at a NATO summit in June 2025. The market, which asked users to bet on whether Zelenskyy would wear a suit before July, is now facing backlash from users and observers
The post Polymarket Faces Controversy Over A Bet On Whether Zelenskyy Will Wear A Suit appeared first on CoinGape.
Stellar (XLM) enters May 2025 in a fragile position, underperforming Bitcoin and other altcoins both in price action and trading volume. Despite following BTC’s general trajectory, XLM has failed to capture the same upside, while still participating fully in market corrections.
Volume has also collapsed from early-year highs, highlighting a drop in market interest and liquidity. With price sitting just above a key support and a potential death cross on the horizon, Stellar faces a critical month that could define its near-term trend.
Over the past month, Stellar has been closely following Bitcoin’s trajectory but with significantly weaker upside performance.
While Bitcoin has climbed over 14%, XLM has managed only a 2.8% gain, falling behind BTC and other altcoins like Hedera, which have shown stronger bullish reactions.
This muted upside signals a lack of conviction among traders and raises questions about Stellar’s momentum in the current market cycle.
What’s more concerning is that XLM is still behaving like a typical altcoin during corrections—dropping harder than Bitcoin when the market pulls back.
Normally, altcoins are expected to amplify Bitcoin’s movements both ways: outperforming during rallies and underperforming in downturns. Stellar, however, only shows downside volatility without the upside benefit.
This imbalance makes the token vulnerable, signaling weaker market confidence and potentially limiting its appeal in a risk-on environment.
Stellar has seen a noticeable drop in trading volume over the last 30 days, with activity peaking at just $311 million on April 23.
This is well below previous highs—$480 million on April 7 and $930 million on March 3—showing a clear downtrend in market participation.
Declining volume often signals weakening interest from traders and can limit price momentum, especially in a token that already underperforms on the upside.
More importantly, XLM’s current volume levels pale compared to earlier this year’s activity.
Daily volume frequently surpassed $1 billion in January and February, even reaching above $2 billion. That level of liquidity helped fuel stronger price action and volatility.
With current figures sitting at a fraction of those peaks, Stellar faces a market backdrop that lacks energy and conviction—potentially capping any meaningful rallies in the near term.
Stellar is hovering just above a key support level at $0.26, a zone that could determine its next major move. The EMA lines are tightening, and a potential death cross may be forming where short-term EMAs cross below long-term ones.
If the $0.26 support is lost and the death cross confirms, XLM could slide further toward $0.239 and even $0.20, signaling a deeper bearish shift.
Conversely, bullish momentum could return if Stellar price manages to bounce and break through the $0.297 resistance.
Moving past that level could open the door to $0.349 and $0.375, with further upside potential toward $0.44 and even $0.495 if volume and sentiment improve.
The post What To Expect From Stellar (XLM) In May 2025 appeared first on BeInCrypto.
After a poor showing on July 5, the crypto market today is rebounding, but there are fears of a short-lived rally. Large-cap cryptocurrencies like BTC, ETH, SOL, and ADA have racked up respectable gains, while memecoins are pulling in impressive numbers. Sunday Pump Defines Crypto Market Today CoinMarketCap data has indicated a surge in cryptocurrency
The post Crypto Market Today: BTC, ETH, XRP, SOL, ADA Surge In Suprise Sunday Pump appeared first on CoinGape.
A graphical error on TradingView caused Bitcoin to temporarily wick to zero on MEXC. This caused a social media uproar, but the glitch was not visible on MEXC’s own platform.
Nonetheless, MEXC’s trading volume spiked over 51% in the last 24 hours. Unverified rumors can take off like wildfire if not addressed, potentially leading to token dumps and market chaos.
MEXC, a Seychelles-based centralized exchange, has been focusing on new upgrades this year. After outpacing competitors with meme coin listings in 2024, it announced today that it’s shifting from quantity to quality. However, this was overshadowed by other events, as traders reported that Bitcoin briefly wicked to zero on MEXC.
This immediately caused a social media uproar, as such an error in Bitcoin’s price would severely impact MEXC users. If BTC went from over $100,000 to $0, this would immediately liquidate all users’ long positions. Such a scandal might be worse than Hyperliquid’s JELLYJELLY incident, as this would be caused by a site error instead of trader activity.
However, MEXC’s team went on social media to address the alleged Bitcoin wick, claiming that it only happened on TradingView’s own site:
“We have recently become aware of some posts circulating on certain accounts claiming that MEXC’s BTC candle wick dropped to 0. We would like to clarify that this was simply a display error on the TradingView platform on June 5, and there was no such issue on MEXC’s official website, where everything has been functioning normally,” developers stated.
The MEXC team went on to claim that it was collaborating with TradingView to diagnose the Bitcoin display error and prevent it from happening again. It also urged the community to independently verify social media rumors and contact customer support in the event of a problem. Still, this announcement happened hours after the glitch.
MEXC’s trading volume spiked over 51% in the last 24 hours, mostly occurring after the Bitcoin display error. However, at the moment, it’s unclear if this heightened volume was due to users dumping assets, but such a thing is possible.
All that is to say, this demonstrates the importance of verifying information and fighting false rumors. MEXC didn’t have anything to do with the Bitcoin display error, but it still faced accusations of being a fraudulent business. The crypto sector is fast-paced and trades on community sentiment, after all. It needs strong guardrails to prevent accidents from blowing up.
BeInCrypto has reached out to MEXC, but we are yet to hear back.
The post TradingView Glitch Showed Bitcoin Wicking to $0 on MEXC appeared first on BeInCrypto.