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- Circle officially denies launching gold (GLDC) and silver (SILC) tokens, refuting a fabricated press release
- Fake announcement claimed existence of "CircleMetals" platform for precious metal token trading
- Incident occurs amid "Extreme Fear" market sentiment with Bitcoin trading at $87,414
- Market structure suggests this represents a liquidity grab targeting retail speculation on commodity-backed assets
VADODARA, December 24, 2025 — In the latest crypto news, Circle has issued a formal denial regarding the launch of gold (GLDC) and silver (SILC) tokens, directly refuting a fabricated press release that circulated earlier this week. The statement clarifies that the company has not launched any platform called "CircleMetals" for trading precious metal tokens, addressing what market analysts describe as a coordinated misinformation campaign targeting retail investors during a period of heightened market uncertainty.
This incident occurs against a backdrop of increasing regulatory scrutiny and market volatility. According to the Crypto Fear & Greed Index, global sentiment currently registers at "Extreme Fear" with a score of 24/100, indicating widespread investor apprehension. Market structure suggests this environment creates ideal conditions for misinformation campaigns, as retail participants seek alternative assets during periods of traditional market stress. The fake announcement specifically targeted growing interest in commodity-backed digital assets, which have gained attention as potential hedges against inflation and currency devaluation. Underlying this trend is the broader narrative of asset tokenization, where real-world assets like precious metals are represented on blockchain networks. Consequently, false claims about major players like Circle entering this space can create significant market distortions.
Related developments in the regulatory include the EU's DAC8 crypto tax directive and Hong Kong's mandatory crypto licensing framework, both of which increase compliance requirements for token issuers.
On December 24, 2025, Circle issued an official statement denying the launch of gold (GLDC) and silver (SILC) tokens. The company specifically refuted claims made in a fake press release that had circulated earlier, which alleged that Circle had launched a platform called "CircleMetals" to support trading of these precious metal tokens. According to on-chain data, there was no corresponding smart contract deployment or token creation activity associated with Circle's verified addresses during the period referenced in the fabricated announcement. The fake release appears to have been professionally crafted, mimicking Circle's corporate communication style and including technical details about token specifications that would appeal to sophisticated investors. Market analysts note that similar misinformation campaigns have targeted other major crypto entities during previous market cycles, often preceding periods of increased volatility.
Market structure suggests this incident represents a classic liquidity grab targeting retail speculation. Bitcoin's current price of $87,414 represents a -0.60% decline over the past 24 hours, trading below the psychologically significant $90,000 level. The 50-day moving average at $85,200 provides immediate support, while resistance sits at the recent high of $92,500. The Relative Strength Index (RSI) reading of 42 indicates neutral momentum with slight bearish bias. A Fair Value Gap (FVG) exists between $86,000 and $88,000, which market participants will monitor for potential price rejection or acceptance. Volume profile analysis shows decreased participation at current levels, suggesting the market lacks conviction in either direction. The Fibonacci 0.618 retracement level from the recent swing high to low sits at $84,300, representing a critical technical level that could determine medium-term direction.
Bullish invalidation occurs if Bitcoin breaks below the $82,000 support level, which corresponds with the 200-day moving average and represents a significant order block from Q3 2025. Bearish invalidation triggers if price reclaims and sustains above $91,500, filling the current FVG and signaling renewed institutional accumulation.
| Metric | Value |
|---|---|
| Bitcoin Current Price | $87,414 |
| 24-Hour Price Change | -0.60% |
| Crypto Fear & Greed Index | 24/100 (Extreme Fear) |
| 50-Day Moving Average | $85,200 |
| Key Resistance Level | $92,500 |
This incident carries significant implications for both institutional and retail market participants. For institutions, the fake announcement highlights vulnerabilities in information verification processes, particularly as traditional finance increasingly explores tokenized assets. The Securities and Exchange Commission has previously issued warnings about fraudulent digital asset offerings, and this event may accelerate regulatory focus on authentication mechanisms for corporate communications. For retail investors, the incident demonstrates how misinformation can exploit gaps in market structure during periods of low sentiment. Market analysts note that fake announcements often precede coordinated trading activity designed to trap retail positions, creating what quantitative models identify as gamma squeeze conditions in options markets. The broader implication involves trust verification in decentralized systems, where false claims about major issuers can temporarily distort price discovery mechanisms.
Industry observers have expressed concern about the sophistication of the fake announcement. Market analysts on X/Twitter noted that "the level of detail in the fabricated release suggests either insider knowledge or extensive research into Circle's operations." Others pointed to timing considerations, with one quantitative researcher stating, "This misinformation campaign coincided with decreased liquidity during holiday trading sessions, maximizing potential impact on price action." The consensus among technical analysts suggests this represents a test of market resilience, with many monitoring whether similar incidents target other major stablecoin issuers in coming weeks.
Bullish Case: If Circle's swift denial restores market confidence and Bitcoin maintains support above $85,200, price could retest the $92,500 resistance level. Market structure suggests that successful defense of current levels, combined with no further misinformation incidents, could trigger a short squeeze targeting the $95,000 region. Institutional accumulation patterns similar to those seen in Trend Research's recent 46,379 ETH purchase would provide confirmation of this scenario.
Bearish Case: If additional fake announcements surface or Bitcoin breaks below the $82,000 support level, price could decline toward $78,000. Market analysts identify this as the next significant order block, where previous institutional buying occurred. A sustained break below this level would invalidate the current market structure and potentially trigger a broader deleveraging event across crypto markets.
What tokens did Circle deny launching?Circle denied launching gold (GLDC) and silver (SILC) tokens, refuting claims in a fake press release.
What was the fake platform called in the announcement?The fabricated announcement claimed Circle had launched a platform called "CircleMetals" for trading precious metal tokens.
How does this affect Bitcoin's price action?Market structure suggests this incident represents a liquidity grab during periods of low sentiment, with Bitcoin currently trading at $87,414 amid "Extreme Fear" market conditions.
What are the key technical levels to watch?Bullish invalidation occurs below $82,000, while bearish invalidation triggers above $91,500. The 50-day moving average at $85,200 provides immediate support.
How can investors verify official announcements?Always check multiple verified sources, including official corporate websites and regulatory filings, rather than relying on single sources of information.
Source Note: Market data and factual reporting in this article are sourced from original reports. Commentary and analysis provided by CoinMarketBuzz.
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