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]

New photo, from today. Honored to meet with President Kassym-Jomart Tokayev again 3 year laters. Lots of progress in Astana, Kazakhstan🇰🇿Binance LicensedStablecoin KZTx stablecoinCrypto Reserve includes #BNBAnd much more...Great city name, too.😆 https://t.co/sHHVo7k9XWCZ 🔶 BNB (@cz_binance):TLDR: Kazakhstan 🇰🇿 buys #BNBKazakhstan "national" crypto reserve - Alem Crypto Fund - buys #BNB for long-term holding.https://t.co/ZbLNbuLvpG(Photo from 2022, new photo coming soon...) https://t.co/2aoz33e328 ...

🇰🇿 NEW: Kazakhstan launched the Alem Crypto Fund as a state-backed crypto reserve, partnering with Binance Kazakhstan and starting with an investment in $BNB. https://t.co/4pizL4BeXr ...

💥BREAKING:🇺🇸 US TREASURY SECRETARY BESSENT ON CRYPTO RESERVE: WE ARE NOT GOING TO BE BUYING IT, WILL USE CONFISCATED ASSETS. https://t.co/g8GKgJ3Pyp ...