Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Binance Sale Rumors: Binance co-founder Changpeng Zhao dismissed claims that the exchange is up for sale, calling them misinformation. Regulatory scrutiny continues, particularly in France.

2. 📈Technical Analysis Masterclass - Solana is at a crucial stage, trading around $177, with consistent declines and a clear downtrend. Watch UseTheBitcoin’s latest Youtube video “Solana (SOL) on the Edge! Critical Support in Danger!” to know your next move or join our Official Telegram Channel for more alpha!

3. Libra Founder Defends Insider Trades: Libra token founder Hayden Davis argued that insider trading complaints come from those who miss out. He defended “sniping” in token launches as a necessary practice.

4. 💡Feature of the Day - Libra, Melania Tokens Connected: Blockchain analysts linked wallets behind the Libra memecoin to Melania Trump’s token.

   
   All this and more in today’s headlines!

📰 News Highlights:

Binance Sale Rumors [Source][Source][Source]

Binance co-founder Changpeng Zhao denied rumors that the exchange is up for sale, calling them misinformation from a competitor.

Fellow co-founder Yi He echoed this, stating Binance is not for sale and suggesting the company is open to acquisitions instead.

Speculation arose after Binance moved significant assets, but the exchange clarified that these were routine treasury adjustments.

Regulatory scrutiny continues, particularly in France, where authorities are investigating alleged money laundering and tax fraud between 2019 and 2024.

 📈Technical Analysis Masterclass:

Solana (SOL) on the Edge! Critical Support in Danger!

🔴 Bearish Signals Dominate

• Below All Major Moving Averages (20, 50, 100, 200 SMAs) → Indicates strong bearish momentum.

• 200-Day MA ($219) Acting as Resistance → No sustained breakout attempt.

• Failure to Reclaim 20 & 50 SMAs → No clear reversal signs yet.

📉 Key Support at Risk ($170-$180)

• Historical support zone – Previously defended aggressively by buyers.

• If support holds → Potential relief rally towards $193-$204 (20 & 50 SMAs).

• If broken → Possible deeper decline to $150 (psychological support) and $120 (historical bottom).

• Breakdown below $120 → Could accelerate liquidations and selling pressure.

🔄 Bullish Reversal?

• Key Resistance to Watch:

  • $193-$204 (Short-term MA resistance).

  • $213-$220 (100 & 200 SMAs).

• For bullish momentum → Solana must hold support, establish a higher low, and reclaim moving averages.

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Libra Founder Defends Insider Deals [Source][Source][Source][Source]

Libra token founder Hayden Davis dismissed criticism of memecoin trading, arguing that investors only complain when they miss insider deals.

In an interview with Coffeezilla, Davis insisted that insider advantages are part of the game, and those left out are the ones who complain the most.

He defended sniping—using bots to gain early positions in token launches—as a way to protect projects from immediate failure.

The controversy has fueled debates about ethical trading practices in the crypto space, with critics warning of the negative impact on the industry.

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💡 Feature of the Day: 

Libra and Melania Tokens Linked [Source][Source][Source]

Blockchain analytics firm Bubblemaps has linked the creators of the Libra (LIBRA) memecoin to those behind Melania Trump’s token.

Onchain data suggests that a key wallet involved in sniping the Melania launch was also used to profit from the Libra token.

These wallets executed cross-chain transfers to obscure their origins, indicating deliberate attempts to manipulate the market.

😂 Crypto Meme of the Day: 

Meme of the day provided by @99bitcoins

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com