Quick Short Summary of What Happened in Crypto Today: Check Now

Crypto Market Major News: Polygon, Trump Tariff, MOONPIG, UK New Rules

Today’s crypto world is full of surprises, and things are moving fast. Some big players made unexpected moves, new policies are potentially transforming the user landscape in exciting and untested ways, and global events that no one expected are affecting crypto markets. If you're wondering what's been going on recently and why there's a buzz, read on - below is a comprehensive summary.

Trump’s Tariff Shocker Crashes S&P 500 by $1.5 Trillion

On May 22, Donald Trump announced huge new tariffs — 50% on European Union imports and 25% on Apple products made outside the US. The news hit global markets hard. 

In just a few days, the S&P 500 lost $1.5 trillion in value, and even Bitcoin started falling after a new high. The EU called for respect, not threats. Donald's message? Invest in the US or face more tariffs from June 1.

$TRUMP Whale Turns $7K into $1.4M with $MOONPIG, Then Exits

A smart whale just pulled off a crazy win. Back on April 5, he made a wallet “4ZYMAa” and bought $1M worth of $TRUMP coins. On May 2, he used just $7,619 (600 $TRUMP) to buy 16.44M $MOONPIG—now worth $1.4M, according to Lookonchain reports.

Two hours ago, he sold all his and made a $43.5K profit. As of now, $TRUMP is priced at $12.92, down 3.24% with $1.25B in trading volume (down 49.85%).

UK’s New Crypto Rules: More Data, More Trouble?

Starting Jan 1, 2026, the UK will make crypto companies collect full personal details — name, address, DOB, tax ID — for every user and every transaction, even wallet-to-wallet. 

This rule comes just as a major leak exposed the risk of sharing user data. Companies must report this info yearly or face £300 fines per user. The goal? More transparency and tax control. Experts say firms must start preparing now to avoid chaos later.

Peter Schiff’s Gold vs Bitcoin Debate Sparks Big Questions

Peter Schiff asked on X why central banks still buy gold, not Bitcoin, if crypto is the future. It's a fair point. But experts like Robert Kiyosaki say Bitcoin could reach $1 million, beating gold.

Bitcoin is easy to move, global, and limited in supply—unlike gold. While banks stack gold, many believe crypto is the real future. As trust in the U.S. dollar fades, Bitcoin is becoming a serious backup plan.

Polygon Co-Founder Quits: What’s Next for the Team?

Polygon co-founder Mihailo Bjelic has stepped away from the project. He shared on X that he’s leaving the board and stepping back from daily work at Polygon Labs. With this, Sandeep Nailwal is now the only original founder still involved. 

Polygon, which started as Matic, was built by Jaynti, Sandeep, Mihailo, and Anurag. Following the news, the POL token dropped 2% to $0.2373, with 24-hour trading volume falling by 26%.

Conclusion

Today showed us how fast things can change in the cryptocurrency industry. Big news from leaders, whales, and projects shook up everything. Some people made millions, others faced new rules. Coins moved, teams changed, and debates grew louder. One thing’s clear — in crypto, every day brings a new surprise. So stay alert, it’s never boring here.