Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced plans to raise approximately $2.5 billion to invest in Bitcoin, positioning itself among the largest corporate holders of the cryptocurrency. The company intends to raise the funds through a private placement comprising $1.5 billion in common stock and $1 billion in convertible senior secured notes. The offering is expected to close on or about May 29, 2025. Strategic Rationale CEO Devin Nunes emphasized Bitcoin’s role as a symbol of financial freedom and a strategic asset for the company. He stated, “We view Bitcoin as an apex…
Author: Aladia
South Korean authorities have apprehended a Russian man in Busan after a failed attempt to steal approximately 1 billion Korean won (around $730,000) during a staged cryptocurrency transaction in Seoul. The incident underscores the growing concerns over crypto-related crimes in the region. The Incident On May 21, 2025, three Russian men allegedly orchestrated a fake peer-to-peer cryptocurrency deal, luring ten Korean investors to a hotel in Seoul’s Gangseo District. Two investors were invited to a hotel room under the pretense of finalizing the transaction, while the remaining individuals waited in the lobby. Inside the room, the suspects, donning protective vests,…
In a significant move towards digital innovation, Pakistan’s government has allocated 2,000 megawatts (MW) of surplus electricity to power Bitcoin mining and artificial intelligence (AI) data centers. This initiative, led by the Pakistan Crypto Council (PCC) and supported by the Ministry of Finance, aims to utilize underused energy resources to foster technological advancement and economic growth. Strategic Utilization of Surplus Energy Pakistan’s energy sector faces challenges, including high electricity tariffs and surplus generation capacity, partly due to increased adoption of solar energy. By redirecting excess power to energy-intensive operations like Bitcoin mining and AI data processing, the government seeks to…
On May 22, 2025, President Donald Trump hosted an exclusive dinner at his Virginia golf club for the top 220 holders of his meme cryptocurrency, $TRUMP. The event, promoted as “the most exclusive invitation in the world,” required attendees to invest significant sums in the token, with some reportedly spending over $1 million to secure their spots. Collectively, participants invested approximately $148 million in $TRUMP to attend the dinner. Event Highlights and Attendees The dinner attracted notable figures from the cryptocurrency world, including Justin Sun, founder of Tron, who reportedly invested over $20 million in $TRUMP and received a $100,000…
ChatGPT-powered AI agents are making waves in the cryptocurrency trading world, offering the promise of automating trading tasks through natural language prompts and API integrations. These agents can monitor prices, understand trends, and even execute trades based on user-defined strategies. However, their effectiveness hinges on several critical factors, including strategy design, risk management, and real-time data access. Understanding ChatGPT-Powered Trading Agents At their core, ChatGPT-powered trading agents combine natural language processing with trading logic to automate decision-making in volatile markets. They can interpret commands like “Buy Ethereum if the price drops below $2,000” and act accordingly, provided they are integrated…
Brave Browser is rewriting the rules of web browsing by becoming the first mainstream browser to natively support on-chain domain naming—unlocking a more decentralized internet for millions. A Web3 milestone for the open internet On May 16, 2025, Brave announced its native integration with the Solana Name Service (SNS), marking the first time a major web browser has offered built-in support for a fully on-chain domain naming system. This means Brave’s 85 million+ users can now access decentralized .sol websites and applications directly—no plugins, extensions, or centralized DNS needed. “This integration supports our mission to put users first, giving them…
New York City takes a bold step toward embracing the digital economy as Mayor Eric Adams officially launches a crypto advisory council composed of top industry leaders. A strategic move to shape NYC’s digital future New York City Mayor Eric Adams, known for his pro-crypto stance, announced the formation of a 45-member Cryptocurrency Advisory Council on May 15, 2025. This new initiative aims to position NYC as a global leader in blockchain innovation and regulatory clarity. The council includes experts from blockchain firms, venture capital, law, and academia. Its purpose is to advise the city government on how to responsibly…
Bitcoin (BTC) has reached a new all-time high, surpassing $111,000 for the first time, driven by a confluence of institutional investment, favorable regulatory developments, and macroeconomic factors. Institutional Investment Fuels Rally On May 22, 2025, Bitcoin peaked at $111,878 before stabilizing just below $111,000 . This surge is largely attributed to increased institutional participation. Publicly traded companies are increasingly adopting Bitcoin as a treasury asset, bolstering demand . Notably, JPMorgan Chase has begun offering Bitcoin access to its clients, signaling a significant shift in traditional finance’s stance toward cryptocurrencies. Exchange-Traded Funds (ETFs) have also played a pivotal role, with U.S.…
South Korea’s leading presidential candidate, Lee Jae-myung, has proposed the introduction of a stablecoin pegged to the Korean won. This initiative aims to prevent capital outflows and strengthen national financial sovereignty. National Wealth at Stake Between January and March 2025, South Korean crypto exchanges reported asset outflows totaling 56.8 trillion won (approximately $40.8 billion), with nearly half linked to foreign stablecoins like USDT and USDC. Lee emphasized that a domestically issued stablecoin could help retain wealth within the country. Legislative Hurdles Current South Korean regulations prohibit the issuance of domestic stablecoins, compelling local exchanges to rely on foreign alternatives. Lee’s…
In the high-stakes world of cryptocurrency trading, understanding Bitcoin liquidation maps can be the difference between strategic gains and unexpected losses. These visual tools highlight price levels where significant liquidations are likely, offering traders insights into potential market movements and areas of caution. What Are Bitcoin Liquidation Maps? Bitcoin liquidation maps are heatmaps that display areas where a large number of leveraged positions may be forcibly closed due to price movements. These maps help traders identify zones of high liquidation risk, enabling them to make informed decisions and manage their positions effectively. How to Interpret a Liquidation Map Understanding these…
