Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media.
The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels.
Be cautious with unverified tokens. Protect yourself by doing your own research (DYOR) and staying informed,” Binance advised, noting that suspicious activities should be reported promptly to maintain the safety of the community and the cryptocurrency space.
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According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve.

Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep
On Thursday, Reuters disclosed that Donald Trump’s transition team is weighing the formation of a crypto council for the United States, igniting a wave of enthusiasm among industry insiders eager to claim a seat at the table. The report also revisited the often-debated idea of a strategic bitcoin (BTC) reserve, a concept that has been gaining traction in crypto circles since early this year.

Republican Senator Cynthia Lummis had previously put forward a bill advocating for a U.S. strategic BTC reserve, and many are now urging Trump to give the proposal serious consideration. According to Polymarket bettors, as of Nov. 21 at 2 p.m. Eastern Time, there’s a 46% chance that Trump could take steps toward creating such a reserve. Meanwhile, as the chatter spread, BTC skeptic Peter Schiff didn’t hold back on social media, expressing his disdain and sharing his take on the matter.
Schiff stated:
If the U.S. creates a bitcoin reserve, wasting billions of taxpayer dollars buying bitcoin, it will also misdirect capital away from the very industries the U.S. must develop in order to grow the economy, reduce its trade imbalance, shrink fiscal deficits, and lower inflation.
As expected, Schiff’s comments stirred the pot, but plenty of people pushed back against his views. “Adding bitcoin to the balance sheet will strengthen the U.S. dollar and allow interest rates to go down without having to be stated or yield curve controlled down,” one person said on X. Someone else chimed in with a witty remark, saying, “But the thesis is to sell gold and buy bitcoin. No taxpayer dollars.” Another detractor of Schiff’s comment responded:
Get in loser we’re paying off $35T in national debt with a small fraction of a bitcoin.
As bitcoin inches closer to the $100,000 milestone, Schiff’s skepticism seems increasingly out of touch with the digital currency’s growing role in global finance. With rising institutional interest and mounting calls for strategic reserves, BTC’s momentum suggests it could emerge as a powerful economic tool. Critics argue Schiff’s dismissal of bitcoin risks ignoring its transformative potential.
While Schiff warns of misallocated resources, others see bitcoin as an opportunity to revolutionize economic policy and debt management. As conversations around BTC reserves gain traction, the divide between skeptics and proponents widens. However, with bitcoin’s resilience and adoption accelerating, the argument that it could bolster fiscal stability seems more compelling than ever.
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Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto.

China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas
The new geopolitical and financial direction promoted by President Trump and his upcoming administration appears to be positively influencing the global perception of bitcoin, with China reportedly at the center of this trend.
President Trump’s ideas may have influenced President Xi Jinping’s views on the bitcoin issue, as China is reportedly considering at least not selling its stored bitcoin.
David Bailey, one of the aides of President Trump’s cryptocurrency campaign and CEO of BTC Inc., reported on this change, noting that it was a direct effect of Trump’s rise to power.
On social media, Bailey stated:
I was told today by someone very much in the know that President Xi has completely changed his thinking on Bitcoin in response to President Trump’s leadership.
Furthermore, Bailey explained that China would not sell its bitcoin stash anytime soon. China is currently the second country holding the most bitcoin, with close to 190,000 BTC in its reserves, only second to the U.S. However, unlike countries like El Salvador or Bhutan, China has not established a national policy to build this reserve, obtaining it through the seizure of crypto pyramidal schemes.
Xiao Feng, CEO and Chairman of Hashkey, previously mentioned this possible outcome, clarifying that a comprehensive and clear crypto regulatory framework laid out by the U.S. government could force China to make the necessary moves to unban the industry activity. Nonetheless, Feng says this would take several years to crystallize, but recognized Trump’s catalyst force in the issue.

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Between the overwhelming mass of options and every other token claiming to be the next Bitcoin, it can be hard to know where to turn. The good news is that there are several sources of information for new tokens to invest in, some of which are as follows:

New Exchange Listings
Crypto exchanges are one of the cornerstones of the industry and can be a source of endless inspiration for new tokens. Not only are there hundreds listed on your average exchange but all are vetted. Before a token gets listed, there is a rigorous review process that makes sure it is not a pump-and-dump scheme or a shitcoin. So, if you look at new listings on Binance for investment opportunities, you can rest assured that what you are buying is safe.
Look through the freshly-listed tokens and the best-performing ones to get some ideas on what to buy.
Lists From Reputable Sites
In the same way you’re looking for crypto assets to buy, so are thousands of other people around the world. In response to this, many reputable crypto news sites release analysis pieces with the best tokens to invest in. This includes everything from legacy tokens to meme coins to presales and everything in between. The good thing about these lists is that they explain why these tokens are a good investment and don’t just list them blindly. For those who really want to do their research, this is a good idea.
Crypto Investor Communities
The crypto community is alive and active and nowhere is this more evident than in investor communities online. From Twitter communities to Telegram groups, hundreds of investors congregate in these groups to share ideas and recommendations. By joining one of these, you can hear of investment opportunities that you never imagined and tokens that can make you a fortune. What’s more, you can ask your fellow community members about their opinions on various tokens and get feedback in real time. Just make sure you join a legitimate and vetted community, not one pushing shitcoins.
Token Performance Metrics
Sometimes the best way to find new tokens is to simply look for what the market is responding well to. Aggregation sites like CoinMarketCap and exchanges like Coinbase list tokens by performance and allow you to search for the assets that have performed the best on the last day, week, month, and so on. By doing this, you not only find out about tokens you might have missed but can also see the ones already doing well. This represents less risk on your part, though you must take care to avoid pump-and-dump schemes that sometimes float about the industry.
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