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Trump Media, Crypto.com Announce Strategic Partnership
Globenewswire· 2025-08-26 12:38
Core Viewpoint - Trump Media and Crypto.com have formed a strategic partnership to integrate the Cronos (CRO) cryptocurrency into Trump Media's platforms, enhancing user engagement through a rewards system and digital wallet infrastructure [2][4][5]. Group 1: Partnership Details - Trump Media will implement a rewards system on its Truth Social and Truth+ platforms utilizing Crypto.com's digital wallet and adopting CRO as a utility token [2][5]. - The partnership includes Trump Media purchasing approximately $105 million in CRO, representing about 2% of the total CRO market cap at the time of the announcement [5]. - Crypto.com will also invest $50 million in Trump Media's common stock, both transactions subject to a lockup period [5]. Group 2: Technology and Infrastructure - Cronos is described as a high-performance, interoperable blockchain that supports low-cost, high-speed smart contract deployment, facilitating the adoption of decentralized applications [3]. - The integration of CRO aims to provide users with the ability to convert earned gems into CRO and other benefits, enhancing the overall user experience on Trump Media's platforms [5]. Group 3: Strategic Goals - Trump Media's CEO emphasized the goal of making CRO the preferred utility token globally, positioning the company as an early adopter of this digital network [4]. - The partnership is seen as a significant step towards creating a digital asset treasury company focused on acquiring CRO, following the establishment of Trump Media Group CRO Strategy, Inc. [7].
X @Easy
Easy· 2025-08-26 12:27
Market Trends & Predictions - Crypto markets experienced a slight bounce [2] - Tom Lee predicts the market bottom again [2] - Focus on where time is being spent in the market [1][2] - Prediction market plays are considered a potential future direction [2] Investment Focus - SOL (Solana) is identified as a potential winner due to buy pressure [1] - Digital Asset Treasuries are being discussed [1]
X @CoinGecko
CoinGecko· 2025-08-25 20:27
2/ Bloomberg reports the trio plans to acquire a publicly listed firm and convert it into a digital asset treasury company by September.Cantor Fitzgerald has been selected as the lead banker, and the project will be fully backed by the Solana Foundation. ...
X @CoinDesk
CoinDesk· 2025-08-25 15:09
🔥 JUST IN: Sharps Technology has announced a $400M+ private placement to establish the largest Solana digital asset treasury strategy. https://t.co/xBfe4qYOoj ...
X @Ivan on Tech 🍳📈💰
RT SolanaFloor (@SolanaFloor)🚨JUST IN: @Solana-based digital asset products, including ETFs, ETPs, and funds, saw $12M in inflows last week, extending their streak to 11 straight weeks. This came in a week when Bitcoin and Ethereum products recorded record outflows of $1B and $440M. https://t.co/xYzcaPWC7B ...
X @Wu Blockchain
Wu Blockchain· 2025-08-25 12:28
Investment & Fundraising - B Strategy, a digital asset-focused investment firm, plans to launch a Nasdaq-listed BNB treasury company [1] - The target raise for the BNB treasury company is $1 billion [1] - YZi Labs will provide strategic support to B Strategy [1] Timeline - The completion of the launch is expected within a few weeks [1]
DMG Blockchain Solutions Reports Third Quarter 2025 Results
Globenewswire· 2025-08-25 12:00
Core Insights - DMG Blockchain Solutions Inc. reported its fiscal third quarter 2025 financial results, highlighting advancements in bitcoin mining and AI infrastructure, alongside a focus on digital asset custody for long-term growth [1][3]. Financial Performance - Revenue for Q3 2025 was $11.6 million, a decrease of 8% from $12.6 million in Q2 2025, but an increase of 40% from $8.3 million in Q3 2024 [4][9]. - Bitcoin mined in Q3 2025 totaled 84 bitcoin, down from 91 bitcoin in Q2 2025 and 87 bitcoin in Q3 2024 [9]. - The net loss for Q3 2025 was $0.4 million, an improvement from a net loss of $3.3 million in Q2 2025 [9]. Cost Structure - Operating and maintenance expenses increased to $6.5 million in Q3 2025 from $4.7 million in the same period last year, primarily due to higher utility costs and hosting fees [5][6]. - General and administrative costs rose to $1.9 million in Q3 2025, up from $1.5 million in the prior year, driven by increased professional fees and wages [6]. Asset and Investment Overview - Total assets as of June 30, 2025, were $133.6 million, reflecting a 20% increase from $111.5 million a year earlier, largely due to short-term investments and digital currency revaluation [7][9]. - Cash, short-term investments, and digital assets amounted to $61.8 million at the end of Q3 2025, remaining stable compared to Q2 2025 [9]. Strategic Initiatives - The company has fully operationalized 6 megawatts of hydro-enabled bitcoin mining and is advancing its AI infrastructure strategy with a new 2-megawatt data center [3]. - DMG is positioning its Systemic Trust digital asset custody business to leverage the growth of digital asset funds and treasuries [3].
X @BSCN
BSCN· 2025-08-22 07:20
🚨UPDATE: THE U.S. CFTC LAUNCHES NEW PHASE OF ITS "CRYPTO SPRINT" TO ACT ON WHITE HOUSE DIGITAL ASSET REPORT ...
X @Bitget
Bitget· 2025-08-22 05:57
Market moves:🏃 CFTC launches 'Crypto Sprint Initiative' as part of US digital asset agenda🇪🇺 EU speeds up digital euro plans amid stablecoin momentum📈 DDC stacks 100 $BTC, holdings hit 588 BTC#SmartDelivery https://t.co/DTZf9qmekB ...
X @Wu Blockchain
Wu Blockchain· 2025-08-19 13:16
Digital asset platform Bullish (NYSE: BLSH) announced that its $1.15 billion IPO proceeds were fully settled in stablecoins, making it the first IPO in the United States to be completed using stablecoin funding. The stablecoins used include USDCV, EURCV, USDG, PYUSD, RLUSD, among others.https://t.co/5W5j05Vb89 ...