On Feb. 6, Trump Media and Technology Group (TMTG), which has the US President as its majority owner, filed to register trademarks for new investment vehicles under its fintech brand Truth.Fi. Under the new trademarks, the firm plans to offer three types of investment funds. A “Made in America” exchange-traded fund and separately managed accounts...Read More
Union groups have taken legal action against the United States Treasury, accusing it of unlawfully granting Elon Musk’s Department of Government Efficiency (D.O.G.E) access to sensitive financial and personal information. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the nation’s largest union organization, filed a lawsuit in a Washington, DC, federal court...Read More
The cryptocurrency market experienced a significant selloff following US President Donald Trump’s announcement of new tariffs on imports from Canada and Mexico, along with threats of increased duties on goods from the European Union. This triggered billions in liquidations, with Bitcoin briefly dropping below $92,000 while altcoins suffered even steeper declines. Although the market has...Read More
On Feb. 3, President Trump announced plans to create a US sovereign wealth fund, a national investment vehicle designed to generate and distribute assets for American citizens. Trump signed the executive order at a White House event directing Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick, who are both pro-crypto, to “begin a...Read More
Both TRUMP and MELANIA have plunged significantly from their pre-inauguration frenzy. To top that, certain industry experts also expect the two meme coins to test regulators’ boundaries under President Trump. While intense scrutiny continues, newly revealed data estimates that Trump has made hundreds of millions from his own meme coin launch. Trump’s Crypto Windfall According...Read More
Trump’s tariffs have not only shaken financial markets but have also impacted World Liberty Financial’s crypto holdings amid escalating trade tensions. With uncertainty looming, market participants wonder if this downturn presents a buying opportunity for long-term accumulation. WLFI’s Crypto Portfolio Decline World Liberty Financial (WLFI), backed by US President Donald Trump, recently invested $242.77 million...Read More
Reports have emerged that India will review its approach to crypto following Donald Trump’s friendlier attitude to the sector. According to Reuters, Ajay Seth, India’s Economic Affairs Secretary, has said the government is revisiting its stance following changes in how other jurisdictions treat the asset class. A Change In Approach In a Sunday interview with...Read More
The world’s largest corporate holder of BTC has paused its months-long acquisition spree of the biggest cryptocurrency that started immediately after the US elections in November 2024. Within this time, the company broke the record for the single largest purchase of BTC and strengthened its presence in the Bitcoin ecosystem by nearly doubling its holdings....Read More
Two long-inactive Ethereum whales resurfaced after six years, moving an eye-popping 135,548 ETH valued at just under $400 million to Bitfinex hours before the crypto market came crashing down. The two wallets have been dormant since January 2019 and became active within hours of each other. Strategy or Coincidence? According to on-chain data shared by...Read More
World Liberty Financial (WLF) – a venture linked to Donald Trump and his family – has been on an aggressive accumulation spree. In fact, the public wallet associated with WLF now holds $370.4 million in assets across 44 distinct cryptocurrencies. WLF Targets DeFi Leadership According to Santiment’s findings, these accumulation strategies signal its growing influence...Read More
Roger Ver has publicly pleaded for assistance from U.S. President Donald Trump, expressing fears that he could soon face extradition from Spain to the United States. In a video posted on X, he stated that he could be sentenced to up to 109 years in prison for what he described as “activism within cryptocurrency.” The...Read More
Digital asset investments saw $1.9 billion in inflows last week, bringing YTD inflows to $4.8 billion. Presidential orders proposing Bitcoin as a reserve asset likely influenced this surge in investments. Despite flat price movements, trading volumes reached $25 billion, making up 37% of trusted exchange activity. Bitcoin Dominates Digital Asset Inflows US President Donald Trump...Read More
The political changes in the US are a fact as Donald Trump officially took office on Monday, becoming the country’s 47th president. Following the uncertainty ahead of his inauguration, US investors have become bullish once again toward the two largest cryptocurrencies, with substantial inflows toward the ETFs tracking both. BTC ETFs on a Roll The...Read More
Ross Ulbricht, the controversial creator of the Silk Road, has long been at the heart of debates about the intersection of technology and criminal activity. Following a full pardon from US President Donald Trump, a new wave of cybercrime has emerged, leveraging news of Ulbricht’s case to deliver malware to unsuspecting targets. Exploiting the news...Read More
Senator Elizabeth Warren, ranking member of the House Banking Committee, is asking federal agencies to investigate whether President Donald Trump’s recent launch of a meme coin violated ethical or regulatory standards. The Massachusetts lawmaker, alongside Representative Jake Auchincloss, directed the request to the heads of the U.S. Office of Government Ethics (OGE), the Treasury Department,...Read More
US President Donald Trump has issued an executive order establishing the Presidential working group on digital asset markets. The move signals progress on some key commitments, such as halting federal efforts toward CBDCs and granting high-profile pardons. However, certain elements, like the promised creation of a “strategic national Bitcoin stockpile,” remain notably absent or vague,...Read More
Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone....Read More
In a leadership shakeup at the Commodity Futures Trading Commission (CFTC), Acting Chair Caroline Pham appointed Harry Jung as Acting Chief of Staff on Wednesday. Jung, who previously served as Pham’s Counselor and Senior Policy Advisor, will lead the agency’s crypto and digital assets engagement and will build on his experience at Citigroup and prior...Read More
Frax Finance has proposed a $5 million investment in WLFI – the native token of World Liberty Financial (WLFI), a decentralized finance (DeFi) platform tied to US President Donald Trump. The main objective behind this move is to position itself as a leading player in the “Made in USA” DeFi ecosystem. The proposal, which was...Read More
Donald Trump’s executive order on crypto, titled “Strengthening American Leadership in Digital Financial Technologies,” has been signed. Here’s exactly what’s inside the order – which utterly revokes that of the more crypto-hostile Biden administration from two years ago. Broadly, the order establishes the “President‘s Working Group on Digital Asset Markets.” It will be chaired by...Read More
U.S. President Donald Trump signed an executive order on Thursday to review the creation of a “National Digital Asset Stockpile,” according to Fox News. As reported by FOX Business White House correspondent Edward Lawrence and shared by partner Eleanor Terret, the executive order established a “Presidential Working Group” on digital assets. This group is tasked...Read More
US President Donald Trump’s surprising launch of the Official Trump (TRUMP) meme coin fueled a frenzy as fans and day traders pushed billions of dollars in trading volume. A day later, First Lady Melania Trump joined the trend with her own meme coin, Official Melania (MELANIA), which added to the cryptocurrency craze. But the result...Read More
Those gains leveled out some by mid-afternoon US Central Time. Worldcoin’s WLD tokens were the tallest green candle for the day on Wednesday, with a 12% daily surge. Hyperliquid’s HYPE (8.6% gains) and Raydium’s RAY (8% gains) were the second and third most bullish tokens for the day. A few places down on the leaderboard...Read More
Messari founder Ryan Selkis has urged soon-to-be President Donald Trump to dismiss the team behind the release of the MELANIA meme coin. According to him, the launch was poorly executed, undermined Trump’s financial interests, and damaged some of the public goodwill he has enjoyed since winning the U.S. presidential polls in November 2024. Market Collision...Read More
Within just a day after its launch, Official Trump has become the talk of the town, with its price skyrocketing by triple digits. The asset has now received backing from two of the largest cryptocurrency exchanges amid its mindblowing rally and spectacular trading volumes. Binance, Coinbase Join the Pack It’s not every day that you...Read More
Tether Holdings Ltd., the issuer of the world’s largest stablecoin, USDT, is exploring the potential for a greater presence in the United States. The chief executive of the company has cited favorable market conditions and a promising regulatory outlook under President-elect Donald Trump as key factors driving this consideration. Tether Eyes the US In an...Read More
Bitcoin is seeing institutional accumulation amidst fresh gains of over 3% on Friday as its price tapped $102,000. In fact, CryptoQuant has observed a significant Bitcoin inflow to Coinbase Prime, pointing to increased over-the-counter (OTC) trading activity. This trend suggests heightened interest from US institutions, which prefer OTC trades as a method for large-scale Bitcoin...Read More
President-elect Donald Trump’s choice for Treasury Secretary, Scott Bessent, has disclosed ownership of spot Bitcoin Exchange-Traded Fund (ETF) holdings worth as much as $500,000. If confirmed for the position, the investor who co-founded Key Square Group says he will resign from the company and divest his investments. Bitcoin Exposure Through IBIT A document released on...Read More
A recent survey by Bitwise has revealed a rise in cryptocurrency interest among U.S.-based financial consultants following Donald Trump’s return to the White House. The findings indicate that 56% of respondents are now more inclined to invest in crypto due to the results of the 2024 U.S. election. Surge in Crypto Allocation and Interest The...Read More
Coinbase is facing increased scrutiny from the Commodity Futures Trading Commission (CFTC) in connection with its involvement with Polymarket, a crypto-based prediction market platform. On January 8, 2025, the exchange informed its customers that it had received a subpoena from the CFTC, which is examining the platform’s operations. CFTC Issues Final Crypto Blow According to...Read More
