Core Insights - Newsmax plans to purchase up to $5 million in Bitcoin and Trump Coin as part of its strategic crypto reserve initiative, approved by the Board of Directors [1][2] - The company aims to be the first NYSE-listed firm to acquire Trump Coin, which has a circulating value exceeding $1.2 billion [1][2] - Newsmax's shares fell nearly 4% following the announcement, trading at $10.83 amid macro volatility [4] Company Strategy - The first cryptocurrency purchase is imminent, although funding details have not been disclosed [3] - Future cryptocurrency acquisitions will depend on market conditions, operational needs, and strategic goals [3] - The strategic crypto accumulation follows President Trump's announcement of a "national strategic Bitcoin reserve" [3] Market Context - Bitcoin is currently trading at $105,227, down 5.31%, after reaching a record high of $126,000 on October 6 [5] - Trump Coin has also seen a decline of 6.6% in the past 24 hours, now priced at $5.64 [5]

🔥 LATEST: NYSE-listed Newsmax's company board has approved up to $5M to buy Bitcoin and Trump Coin over the next 12 months as part of its crypto reserve. https://t.co/IsitGJBy2F ...

Core Insights - BNB reached an all-time high of $1,111.90 on October 3, with a 7.27% increase in 24 hours, leading to $268 million in short liquidations across crypto markets [1] - BNB's market capitalization surpassed $160 billion, making it the fourth-largest cryptocurrency globally, with a daily DEX volume of $3.74 billion [1] - The BNB Chain has 2.3 million active addresses daily and a total value locked of $8.23 billion across DeFi protocols, reflecting a 2.49% growth in the last 24 hours [2] Institutional Developments - Kazakhstan selected BNB as the first asset for its Alem Crypto Fund national reserve, providing institutional validation and helping BNB surpass the $1,000 mark [3] - The Alem Crypto Fund aims to be a reliable instrument for major investors and is part of a broader initiative to create state-backed crypto reserves [4] - B Strategy launched a $1 billion BNB-focused treasury company, backed by YZi Labs, marking the first US-listed BNB treasury vehicle [5] Corporate Actions - 10X Capital is preparing a US-based BNB treasury company, led by notable figures in the finance sector, for a major exchange listing [6] - BNB Network Company purchased 200,000 BNB for $160 million, becoming the largest corporate holder [6] - Windtree Therapeutics plans to allocate 99% of its $520 million funding round toward BNB purchases [7]

Regulatory Approval & Partnerships - Binance obtains license to operate in Kazakhstan [1] - Kazakhstan's Alem Crypto Fund purchases BNB for long-term holding [1] Stablecoin & Crypto Reserve - Kazakhstan to launch stablecoin KZTx [1] - Crypto reserve includes BNB [1]

Crypto Market - Kazakhstan launched the state-backed Alem Crypto Fund in partnership with Binance Kazakhstan [1] - The fund's initial investment is in $BNB [1]

Crypto Reserve Policy - US Treasury Secretary states the US will not be buying crypto reserve [1] - The US will use confiscated crypto assets [1]