According to Crypto Rover on Twitter, many accounts are conducting fake cryptocurrency giveaways, but he emphasizes the importance of transparency by always providing transaction IDs (TXIDs) in the comments for verification (source: Crypto Rover, Twitter, May 8, 2025). This focus on real, verifiable giveaways enhances trader trust and can positively influence market sentiment by reducing scam risks. Traders are advised to verify TXIDs and participate only in authentic promotions to avoid fraud-related losses, which is crucial for maintaining security and confidence in the crypto market.

According to Bold (@boldleonidas), users experienced locked accounts when attempting to withdraw funds from Coinbase on a regular business day, whereas withdrawals from ByBit were reportedly processed without issues even on the same day as the largest hack in crypto history. This highlights potential differences in operational protocols and risk management strategies between the two exchanges, which could impact trader preferences and trust in these platforms.

According to @jessepollak, the proof of reserves for cbBTC on the Base platform is now live, providing transparency and trust for traders using the platform. This implementation allows traders to verify the backing of cbBTC, potentially influencing trading decisions and enhancing security in their transactions.