In an apparent social media scam, individuals based in the Philippines tried to suggest that the US Treasury created an XRP wallet.

Although this incident immediately had substantial red flags, it was still circulated by popular X (formerly) accounts. This is a worrying sign about the state of the community in 2025, and there’s no easy solution.

Did the US Treasury Buy XRP?

Since President Trump took office, social media scams have been taking off in the crypto space. After the launch of the TRUMP meme coin, figures in his orbit have released their own rug pulls or egregiously sketchy token projects.

Another scam is now taking off, where someone claimed that the US Treasury opened an XRP wallet.

“[The] latest example of the rampant misinformation problem in the XRP community. This time we have fake KYC’d accounts from the Philippines pretending to be the US Treasury and issuing fake tokens on the XRPL. I’m being genuine when I ask, how do people actually fall for this stuff?” asked Zach Rynes, Chainlink Community Liason.

The US Treasury XRP Wallet scam took off quickly after it was first posted, with several major accounts boosting it. This fake wallet allegedly interacted with major institutions like Bank of America and JPMorgan, but on-chain analysis reveals that it’s based in the Philippines.

A non-US account clearly activated the phony Treasury wallet.

In fairness, a few factors in the broader crypto ecosystem worked to make this hoax seem more plausible. For one, Trump has endorsed a US Bitcoin Reserve, and several states are trying to launch their own reserves.

The price of XRP has been soaring, and some community members believe that the Treasury under Trump could want in on the profits.

However, hoaxes like this work especially well on a vulnerable sector of the community: newcomers. Nearly half of TRUMP holders have never invested in crypto before, and this is a clear sign of the new interest in crypto.

If uninformed people hear verified credible accounts claiming that the US Treasury is boosting XRP, they might not have the background to dispute it.

Rynes went on to state that a trained eye could immediately see the red flags in this incident, but it’s “hard to know what the solution is” to major social media hoaxes like this.

Ultimately, the crypto community will need to do some real soul-searching, or scams could seriously sully the industry’s long-term reputation.

BNB Chain, the blockchain network originally developed by Binance, has announced a new AI agent solution. The platform will streamline the creation and deployment of decentralized AI agents.

With this new platform, developers across all skill levels can easily create and launch their own autonomous agents. 

BNB Chain’s Comprehensive AI Agent Platform

The initiative offers developers tools and resources to build and scale AI agents for practical applications in Web3. 

At its center is a collection of customizable Agent Kits, featuring four core AI agents: Eliza, ShellAgent, TermiX, and Revox.ai.

“Whether you’re a seasoned developer or just getting started, we’re making it simple to build, scale, and monetize decentralized AI agents,” BNB wrote on X (formerly Twitter). 

Eliza is developed with contributions from NodeReal. This AI agent supports multiple large language models (LLMs), including OpenAI, Claude, and Llama. 

Then there’s ShellAgent, a modular framework that supports AI agent creation through a no-code Classic Model. This framework is ideal for beginners.

Furthermore, there’s TermiX, which allows development with a drag-and-drop interface, and Revox.ai, with native Web3 integration. 

BNB Chain has also introduced four launchpad options to further support AI agent development. 

Additionally, the platform is hosting an AI Agents Competition to encourage innovation. Winning projects will qualify for $10,000 in BNB token airdrops.

AI Trend is Gaining Momentum in Web3

AI agents have emerged as a leading trend in the Web3 and crypto industries over the past year. Tokens linked to AI agent technologies now have a market cap exceeding $14 billion. This is remarkable growth for a sector that was virtually nonexistent a year ago.

OKX Ventures recently identified AI agents as a key focus area for 2025. Nvidia’s CEO has also predicted that AI agents could grow into a multi-trillion-dollar industry in the near future.

Separate reports today indicated that former US President Donald Trump may soon announce up to $500 billion in funding for Stargate, a new joint AI research project. 

This initiative reportedly involves contributions from OpenAI, SoftBank, and Oracle.

While an official announcement has not yet been made, questions remain about how much of the funding will come from federal sources versus Stargate’s participating companies.

BNB Chain’s AI agent solution reflects the accelerating advancements in AI agents and blockchain. It addresses the growing interest from developers, investors, and governments worldwide.