Aqua 1 Foundation denied a recent report connecting its founder Dave Lee to David Li, a member of disgraced market making firm Web3Port.
In an interview with CoinDesk, Zanker said he's still in good graces with the President's family despite receiving a cease-and-desist from it just weeks ago, and also teased an upcoming $TRUMP mobile game.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ETH has surpassed the $3,000 level for the first time in five months as new bitcoin all-time highs breathe fresh life into the crypto market.
Jonathan Gould, a former top official at the agency and ex-chief legal officer for Bitfury, is set to run the OCC as Trump's pro-crypto policies rise into place.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
This comes after Trump Media said in April that it is exploring the possibility of a utility token within a Truth digital wallet.
BTC jumped within 30 minutes of Trump’s rate-cut post as analysts weighed inflation risks and the impact of a potential 300 bp cut on asset prices. (157 characters)
Trump Media & Technology Group (TMTG) quietly lodged an S-1 with the US Securities and Exchange Commission late on July 8, seeking approval for the “Truth Social Crypto Blue Chip ETF.” Despite a swirl of social-media posts placing the paperwork in early June, the SEC’s time-stamp confirms the filing date as July 8. The prospectus sketches a five-coin portfolio weighted approximately 70 percent to bitcoin, 15 percent to ether, 8 percent to solana, 5 percent to Cronos and 2 percent to XRP, making it the first Trump-branded product to diversify beyond the two largest digital assets. The trust, structured as a Nevada business trust and sponsored by boutique issuer Yorkville America Digital, aims to list its shares on NYSE Arca. Foris DAX Trust — the US institutional arm of Crypto.com — is named digital-asset custodian, while authorized participants will create and redeem blocks of 10,000 shares in kind or for cash, subject to NYSE rule changes. The prospectus also discloses that staking rewards on ether, solana and cronos may be passed through to the fund, a design choice that would set a precedent among US spot-crypto ETFs. Related Reading: Pundit Explains Why XRP Stands To Gain Big From Ripple’s RLUSD Analyst Eric Balchunas of Bloomberg distilled the filing in two succinct posts on X: “New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP and Cronos,” he wrote; in a follow-up, he reproduced the pivotal language: “the Trust’s allocation… is initially expected to approximate 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP.” Those percentages now serve as the market’s working model for how the Trump universe ranks crypto’s ‘blue chips.’ Why Solana, Cronos And XRP? Overall, the allocation may serve as an implicit ranking of the top five crypto assets as viewed through the lens of Trump’s inner circle. Binance top trader by PnL Nachi (@alphawifhat) commented via X: “I think it’s useful to look at the allocation ratio of the Truth Social Crypto ETF […] I see this as an indication of how Trump’s crypto team looks at the top crypto assets and what are the top 5 they want to value the most. This could be a catalyst to pump CRO as it’s a dark horse.” Solana’s climb to an 8 percent weight is more than a momentum trade. CME Group this spring announced cash-settled Solana futures pending CFTC sign-off, extending the same institutional rails that helped bitcoin and ether graduate into ETF form. Notably, the SEC has set a July deadline for spot Solana ETF refilings, indicating a potential approval before the October 2 deadline. Related Reading: XRP Set To Shock The Crypto Market With 30% Share, Analyst Predicts Cronos leaps over better-capitalized tokens because Crypto.com is literally powering Trump’s ETFs. “We are proud to partner with Trump Media and Yorkville… including the first-of-its-kind basket of tokens featuring CRO,” Crypto.com co-founder Kris Marszalek said in March when the multi-year, roughly $2.7 billion partnership was unveiled. Under the agreement, Crypto.com supplies custody, liquidity and back-end order routing for all Truth-branded funds. XRP brings up the rear at two percent, reflecting both its renewed legitimacy and its still-nascent institutional plumbing. On June 27, Ripple Labs announced that it will withdraw its cross appeal against the SEC. The token’s modest two-percent slice is politicized as much as it is financial. In early March a staffer from Ballard Partners—the K-Street shop that counts Ripple as a client—slipped Donald Trump draft language for a Truth Social post urging that XRP, Solana and Cardano be placed in a national “Crypto Strategic Reserve.” Trump hit “post” and only later discovered the Ripple connection; insiders told Politico he “was furious and felt like he’d been used.” Despite that, the inclusion of XRP still shows Trump’s ties with Ripple. At press time, XRP traded at $2.33. Featured image created with DALL.E, chart from TradingView.com
Jerome Powell’s cautious rate policy sparks fierce criticism and succession talks, putting his Fed Chair tenure under unprecedented scrutiny.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The "Truth Social Crypto Blue Chip ETF" will primarily consist of BTC, ETH, SOL, XRP, and CRO.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Elon Musk has confirmed that his newly announced political venture, the America Party, would support Bitcoin. The statement came during a conversation on X (formerly Twitter), where Musk responded to a question about whether the new party would embrace the leading crypto. According to him: “Fiat is hopeless, so yes [we would embrace BTC].” This […]
The post Elon Musk’s America Party embraces Bitcoin appeared first on CryptoSlate.
Regulatory tailwinds are set to usher in an "equity tokenization wave," according to analysts at research and brokerage firm Bernstein.
The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill'
One analyst said Trump's new trade negotiation date of Aug. 1 eased worries of incoming volatility.
The America Party's launch follows Elon Musk's highly publicized dispute with former close-ally Donald Trump over the $3.4 trillion budget bill.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Senator Cynthia Lummis has introduced a standalone bill to pursue the same objectives to ease up on several tax concerns involving digital assets activity.
Senator Cynthia Lummis has introduced a standalone bill to pursue the same objectives to ease up on several tax concerns involving digital assets activity.
The latest comments from government officials at the center of that effort suggest U.S. bitcoin advocates may still have a wait ahead of them.
The latest comments from government officials at the center of that effort suggest U.S. bitcoin advocates may still have a wait ahead of them.
With U.S. policy finally unlocking growth, Santori sees now as the moment to invest in the convergence of the two worlds.
The DOJ alleges that scammers posed as the Trump-Vance Inaugural Committee to defraud a donor of a total $250,300 in cryptocurrency.
The Trump family received an estimated $390 million from World Liberty's token sale and $150 million from the Official Trump memecoin launch.
Despite a packed July agenda including Trump's budget bill, tariff decisions, and policy deadlines, K33 expects a subdued crypto market.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin rose 0.54% to $107,937 after analyst Will Clemente said Trump’s deficit comments reinforce the bull case for BTC and gold.
There has been a spike in IRS warning letters sent to crypto investors over the past few weeks, according to CoinLedger CEO David Kemmerer.