Workflow
Digital token
icon
Search documents
Trump Media Sets Feb 2 Record Date for Shareholder Digital Token Distribution
Yahoo Finance· 2026-01-20 20:13
Core Viewpoint - Trump Media and Technology Group Corp. announced a digital token airdrop for shareholders, which has positively impacted its stock price, despite a significant decline over the past year [1][7]. Group 1: Airdrop Announcement and Market Reaction - The company set February 2, 2026, as the record date for the digital token airdrop, generating renewed interest in its shares [1]. - Following the announcement, shares increased by approximately 2.6%, trading near $14.23, although they remain over 60% lower than their peak values from 2024 [7][8]. - The market is focusing on the non-transferable token, which is expected to enhance engagement on Trump Media's Truth-branded platforms [2]. Group 2: Eligibility and Token Details - Eligibility for the airdrop is limited to ultimate beneficial owners and registered holders of at least one whole DJT share as of the record date [3][6]. - The tokens will be minted in collaboration with Crypto.com and will be held in custody until distribution [4]. - The tokens are designed to be non-transferable and non-cash, not representing equity or ownership in the company [5]. Group 3: Future Plans and Market Sentiment - Trump Media plans to offer periodic rewards tied to its platforms, including Truth Social and Truth+ streaming service, for eligible shareholders [4]. - Despite today's rally, analysts caution that the increase in interest does not yet indicate a structural trend reversal, as shares are still trading significantly below historical highs [8].
JPMorgan issues first U.S. debt deal on popular blockchain
Yahoo Finance· 2025-12-11 23:28
A major Wall Street bank has just moved a slice of the U.S. money market onto a public blockchain. Instead of living on a bank’s internal ledger, a new batch of short-term U.S. debt now exists as tokens on Solana, with cash legged in and out via a dollar stablecoin. The deal showcases that institutions are no longer just testing private chains in sandboxes, but beginning to transact in size on public networks. Related: Explained: What is a stablecoin? Wall Street’s first U.S. debt deal on a public bloc ...