Hot Crypto Discussions on X Today: VPN Use, Trump Tariffs, and More

Today, crypto Twitter/X is buzzing about the current market state, how the new global tariff war impacts crypto activities, and whether users need to change how they send and receive crypto.

Here are 5 of the most popular crypto discussions on Twitter/X.

1. Blockchain Detective Tony Advises Using a US VPN for Crypto Transactions

Journalist and blockchain detective Tony (@0xRacist) believes there are tariffs on crypto transactions. His theory comes from a recent Solana (SOL) transaction involving a friend in Cambodia.

A screenshot shared by Tony shows a 2.6 SOL transfer, where he received 1.326 SOL, with 0.000205 SOL deducted as a network fee and 1.274 SOL as a tariff.

Tony recommends using a US VPN for every on-chain transaction.

However, transactions on Solana’s blockchain explorer, SolScan, currently only show transaction fees, such as the base fee and priority fee, with no indication of a tariff. This leaves the “tariff” mentioned in the image Tony shared somewhat of a mystery.

In response, blockchain investigator ZachXBT suggested the tariff could be real since the transaction was confirmed on the blockchain. He also mentioned that crypto dealers should be prepared for potential changes.

As of now, it's unclear whether this was a misunderstanding or if additional taxes on crypto transfers are on the horizon.

2. Make Bitcoin Cypherpunk Again, Says Bruce Fenton 

Investor and Chainstone Labs CEO Bruce Fenton shares his desire to keep Bitcoin true to its original values of privacy, decentralization, and disruption in a recent X post.

He calls for making Bitcoin “cypherpunk” again, expressing frustration with the growing influence of regulations, traditional finance, and Bitcoin’s increasing integration into the global financial system.

“I ain’t here for your KYC/AML, your ‘adults in the room, ‘ ‘joining the global financial system, ’ your ESG, fractional reserve, your fiat coin or the surveillance state,” Fenton says, referring to regulations requiring financial institutions to verify user identities.

3. Xeer, on the Hand, Is Done With Memecoins

Ape Ventures Founder @Xeer lost over $3 million trying to buy dips, believing the market would bounce back, but it hasn’t.

In a recent X post, Xeer shares that he decided to accept reality and step away from memecoins. He reveals that all his investments, including Popcat, Fartcoin, GOAT, and TRUMP, ended the same way.

The coins were down 90-95%, leading to panic selling at the bottom.

Although Xeer tried using leverage to claw back losses and made $35,000, the funds were eventually liquidated. He’s disappointed that everything he built over the past 1.5 years was wiped out in just 3 months.

4. Dan Morehead Reflects on Crypto Market Performance Post-U.S. Elections

Pantera Capital founder Dan Morehead recently shared his thoughts on the crypto market performance in the ten weeks after the U.S. presidential election in November 2024.

Morehead finds that despite pro-crypto political shifts, the market hasn't fully priced in these developments. He mentioned major changes such as the SEC dropping most cases against blockchain companies and 54 anti-crypto Members of Congress losing their seats.

Given these changes, Morehead says he would have expected Bitcoin to be up more than 24% and predicts that positive developments may eventually lead to further market growth.

At the time of writing, Bitcoin is trading at around $83,200, approximately 23% down from its January highs.

5. Kraken Earns Restricted Dealer Registration in Canada, Co-Founder Reveals

Dave Ripley, co-CEO of Kraken, announced that the company has obtained Restricted Dealer registration in Canada.

This move, Ripley explained, opens up more opportunities for Canadian clients to access the platform and grow their crypto wealth. 

It's a big step forward, and Ripley said that Kraken is fully committed to pushing the boundaries of crypto adoption worldwide.