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Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining
NFT Gaming

Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

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Thumzup Media Corp. (TZUP), which counts Donald Trump Jr. as a large shareholder, said it will acquire Dogehash Technologies, Inc. in an all-stock deal, pivoting from digital marketing into industrial-scale crypto mining

Under the agreement, Dogehash shareholders will receive 30.7 million Thumzup shares, according to a Tuesday release, valuing the transaction at $153.8 million, based on the shares’ closing price. The combined company will rebrand as Dogehash Technologies Holdings, Inc. and list on Nasdaq under the ticker XDOG, pending shareholder approval later this year.

Dogehash operates about 2,500 Scrypt ASIC miners across renewable-powered data centers in North America, with plans to scale up further in 2026. Unlike firms that pad their balance sheets by simply buying coins, Dogehash has invested in its own infrastructure, giving it direct exposure to dogecoin

and litecoin block rewards at a lower cost base.

The deal comes on the heels of Thumzup’s $50 million stock offering in July, earmarked for mining expansion and digital asset accumulation. The company says it will also use Dogecoin’s DogeOS layer 2 to stake in DeFi products, aiming to boost miner returns beyond standard rewards.

This new deal adds to the Trump family’s expanding crypto empire. Eric Trump and Donald Jr. launched American Bitcoin earlier this year with Hut 8, which has over 60,000 miners.

Meanwhile, World Liberty Financial, another Trump-backed venture, struck a $1.5 billion deal with Nasdaq-listed ALT5 Sigma to inject its WLFI token into the firm’s treasury.

Thumzup stock fell 41% to $5.01 on Tuesday.



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Bitcoin
Crypto Trends

Bitcoin Bearish Bets Mount: Funding Rates On Binance Slides Into Negative Territory

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin gradually recovers from its recent breakdown below the $100,000 mark, it appears to have triggered a fresh wave of bearish activity from investors. Its market dynamics are about to transition as key metrics such as the Funding Rates on the Binance platform have taken a negative turn.

Binance Traders Betting Against Bitcoin

In a dramatic bounce, Bitcoin has reclaimed the $105,000 price mark and is slowly approaching $106,000. While BTC has recovered, the impressive run has been met with negative sentiment, particularly from investors on Binance, the largest cryptocurrency exchange.

Darkfost, a verified author for CryptoQuant, reported that funding rates on the Binance exchange have declined sharply, signaling a shift in trader sentiment. Data from the expert reveals that the rates dropped to the -0.0033 level just as BTC swiftly bounced back since this past weekend.

This scenario implies that traders are progressively placing bets on further decline, indicating that bearish pressure is building on Binance. Negative funding rates may signal pessimism, but historically, they have also preceded short squeezes. As the price of Bitcoin navigates increased volatility and shifting momentum, this is a crucial period to observe.

According to the on-chain expert, negative financing rates suggest that most open positions are currently short as investors question whether the recent upward move is sustainable. Although this may initially appear to be negative, markets often move against the crowd, particularly when there is an overcrowded short side.

BTC funding rates on Binance trend negative | Source: Darkfost on X

Furthermore, Darkfost has drawn attention to past scenarios, particularly in September last year. During the period, the market constantly shifted in the opposite direction whenever Binance’s funding rates fell into negative territory, whether in the short or medium term.

However, the sole exception was when new tariff policies were announced, momentarily altering market dynamics. If shorts persistently increase on the Binance platform, Darkfost is confident that these positions could eventually bolster the rally that started earlier this week.

Thus far, the expert has offered one key takeaway, stating that it is crucial to understand that the natural tendency of traders leans toward longing the market, which makes this current signal more remarkable.

BTC To Surge To A New All-Time High

After rallying earlier this week, BTC is currently facing significant resistance at the $106,500 threshold. However, this resistance level could give way soon, as Michael Van De Poppe, a market expert, has predicted a major rally to new all-time highs.

According to the expert, Bitcoin is stalling at levels below $106,500 until the next significant surge to new highs occurs. Van De Poppe believes that the anticipated move is only a matter of time, and BTC is likely to reach a new peak in July. Therefore, the expert suggests “buying the dip now is the best strategy.”

BTC trading at $106,332 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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The ultimate NBA Game 7 betting guide: Best bets, insights and more
Esports

The ultimate NBA Game 7 betting guide: Best bets, insights and more

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It all comes down to this — Game 7. A new NBA champion will be crowned Sunday as the Indiana Pacers visit the Oklahoma City Thunder. Tipoff is scheduled for 8 p.m. ET at Paycom Center.

Indiana dominated Game 6 in surprising fashion, leading by 30 points after three quarters en route to a 108-91 victory. Now things shift back to OKC, where the Thunder have been nearly unbeatable this postseason. What can you expect in Game 7?

Andre Snellings, Eric Moody and David Purdum offer plenty of tips on bets and insight.

NBA Finals headquarters: Recaps | Highlights | Odds | Watch live on ABC

Odds are as of publication time. For the most up-to-date odds, visit ESPN BET

Bets for NBA Finals Game 7

Pascal Siakam over 11.5 assists and rebounds (+105). He contributes across multiple statistical categories, and with the championship on the line, I expect maximum effort from him and the Pacers, particularly with Tyrese Haliburton not at 100%. Siakam’s cleared this line in three of the six Finals games. More importantly, Siakam has averaged 6.2 potential assists and 12.2 rebound chances during the Finals, which positions him well to surpass this mark in Game 7. –– Moody

Editor’s Picks

1 Related

Shai Gilgeous-Alexander over 44.5 points, rebounds and assists (-120). It’s been nine years since NBA fans witnessed a Game 7 in the Finals and only four have occurred since 2000. There’s a lot at stake for regular-season MVP Gilgeous-Alexander, especially with the Thunder entering the series as overwhelming favorites. SGA will need a masterful performance to give OKC a shot at the title and to solidify his claim to Finals MVP. While he’s cleared this line in just two of the six games in the series, SGA has gone over in eight of his past 11 games when playing at least 41 minutes, which he’s likely to do in Game 7. — Moody

Andrew Nembhard over 14.5 total points and assists (-120). While Haliburton was able to play well Thursday, he is still dealing with a calf strain and might be limited. Nembhard took on a larger role in Game 6, notching a series-high 17 points with four assists (21 P+A), and I expect him to be called upon again in Game 7. Nembhard averaged 12.5 points and 5.0 assists (17.5 P+A) in the first two games of the series, both in Oklahoma City, and the Pacers will likely need him to at least match those numbers in Game 7. — Snellings

Jalen Williams over 22.5 total points (-125). Williams was in his scoring bag going into Game 6, averaging 31.0 points with at least 26 in each of the prior three contests. He got off to a strong scoring start in Game 6 with 16 points in the first half before the team got blown out in the third quarter. I look for Williams to bounce back in Game 7, playing at home, and generate another high-scoring effort. — Snellings

Pascal Siakam over 20.5 total points (-110). Pascal is the only healthy All-Star caliber player on the Pacers, and in a road Game 7 he will definitely be tasked with providing consistent scoring. Siakam has averaged 21.3 points in the past four games of the series, with at least 20 points in each of the three previous contests before he sat out most of the 4th quarter in the Game 6 blowout. I expect him to continue scoring at a high level in the finale. — Snellings

Line on the move

The line on Game 7 began shrinking Friday morning, dropping as much as 2.5 points, with reports of sharp money on the underdog Pacers showing up in Las Vegas.

The Thunder opened as 8.5-point favorites, but the majority of sportsbooks trimmed the line to -7.5 around 11 a.m. Friday. ESPN BET was an outlier and dropped its line to -6.5.

“Game 7 is the best two words in sports,” said Adam Landeka, vice president of sportsbook strategy and growth for ESPN BET. “We’re expecting a tight game and moving lines in accordance with a number of factors. Haliburton’s performance answered some important questions on his health, and the Pacers and their veteran leaders left no doubt in what continues to be a competitive series.”

Jeff Sherman, NBA oddsmaker for the SuperBook at Westgate Las Vegas, told ESPN that it took a sharp bet on the Pacers -8, causing the book to drop the number to 7.5.

Chris Andrews, longtime bookmaker for South Point in Las Vegas, also reported seeing sharp money on the Pacers on Friday that caused him to drop his line to -7.

“Finally got some money back [on the Thunder] at -7,” Andrews told ESPN in a text message.

At 7.5, the line is the largest of any of the five Game 7s in NBA Finals since 1991, and the fourth largest in any Game 7 during that time period, according to ESPN Research. — Purdum

Projections and injury reports

Basketball Power Index by ESPN Analytics. Injury aggregation by Rotowire.com. Odds by ESPN BET

Indiana Pacers at Oklahoma City Thunder
8 p.m. ET

Line: Pacers +6.5 (EVEN) | Thunder -6.5 (-120)
Money line: Pacers +215 | Thunder -265
Total: 214.5 (-105 O, -105 U)

Injury report:
Pacers: None reported
Thunder: None reported

News, notes and more

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From ESPN Research

  • If the Thunder win, they will join the 2008 Boston Celtics and 2013 Miami Heat to have won at least two Game 7s in a season on their way to a championship.

  • The Pacers look to be the first No. 4 seed to win a championship since seeding began in 1984. Should they win, they will be the lowest-seeded champion since the No. 6 seed Houston Rockets won the NBA title in 1995.

  • The Thunder have scored at least 110 points in all 12 of their home games this season, most in NBA playoffs history.

  • The Pacers won 18 fewer regular-season games than the Thunder, and if they win Sunday, it will break the record set by the 2016 Cleveland Cavaliers for largest win differential upset in Finals history.

  • The Thunder have a +247 point differential at home in the postseason, which is on pace to be an NBA record. No team in postseason history has finished with a +200 point differential at home.

  • The Pacers have had four different leading scorers this series, which ties the record for most in Finals history.



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Ethereum
Crypto Trends

Ethereum Bullish Bets Rise: ETH’s Cash-Margined Open Interest Skyrockets To New Levels

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Earlier this week, Ethereum experienced a notable uptick after a period of bearish pressure that halted previous upward attempts. However, this renewed bullish momentum appears to be losing steam as ETH’s price saw a pullback on Thursday. Despite this pullback, ETH’s derivatives market continued to show strong momentum.

A Dramatic Uptick In Ethereum Open Interest

As Thursday drew closer to a close, Ethereum took a hit and fell below the $2,700 price mark, flipping the level into a resistance once again. While the altcoin’s price declined to key support levels, Glassnode, a leading data analytics platform, reported a major advancement in ETH’s on-chain activity.

This advancement, outlined by Glassnode, is evidenced by a recent surge in Ethereum Cash-Margined Futures Open Interest. According to the on-chain platform, the cash-margined futures open interest has experienced a dramatic surge to a new all-time high.

Data from the platform shows that the key investor behavior metric has risen to a $20 billion milestone. It is worth noting that this sharp growth in the open interest comes after the metric previously dropped significantly to $8 billion in early Q2 of this year. 

ETH Open Interest explodes | Source: Glassnode on X

Since the futures open interest’s notable rise to a new all-time high comes in light of a recent pullback, it implies that the derivatives landscape of the network is experiencing a resurgence of activity. Furthermore, it indicates that traders are becoming increasingly interested in ETH without relying on crypto-backed collateral, which is often a sign of more institutional involvement.

Glassnode highlighted that leverage keeps increasing as traders fill up with stablecoins, even though there has been a minor retreat from the $2,800 levels. Such a divergence might suggest that traders are still betting on the altcoin in anticipation of a major rally in the short term.

ETH’s Decline Brings Its Price Below Cost Basis Distribution

ETH’s recent pullback has raised concerns as its price drops below the Cost Basis Distribution at the $2,760 level, where 800,000 ETH were held, and the $2,700 and $2,740 price range, where approximately 1.3 million ETH were purchased. These levels, which previously served as strong support following the altcoin’s remarkable upward move, are now acting as robust resistance levels once more.

Related Reading: Ethereum Large Transactions Jump 100% In 24 Hours, Will ETH Whales Drive Altcoin Season?

Presently, the cost basis bands are more fairly distributed, with each $50 band holding 200,000–400,000 ETH and ranging from $2,760 to $3,420 above spot. However, Glassnode claims there is no dominant resistance until $3,417, where 607,950 ETH are held.

Should Ethereum’s price reclaim the $2,700 and $2,760 range, the altcoin’s path is once again open to the $3,420 point. Nonetheless, how soon ETH can rise to this critical resistance level will depend on the response from holders in the $2,800–$3,300 price zone.

ETH trading at $2,527 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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GameFi Guides

Cudis Bets on Wearables, AI and a Solana Token to Drive the Longevity Movement

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In brief

  • The Cudis AI-powered smart ring tracks key health metrics.
  • The company launched a new token on Solana and BNB Chain to reward users for healthy habits.
  • The wearable technology market is valued at $179 billion, and is projected to reach $397 billion by 2032.

Wearable developer Cudis is betting that tracking your health—and being rewarded for doing so—is key to living a longer life. Its latest move: a Solana-based token that rewards users for building better habits through its AI-powered smart ring and longevity app.

Founded in 2023, the Los Angeles-based company has already launched two generations of its smart ring. The device tracks key health metrics, including sleep quality, stress, activity levels, and calorie burn. The ring syncs with a companion app that uses artificial intelligence to offer personalized health insights and daily coaching.

“We want people to actually understand what their health data means,” Cudis co-founder and CEO Edison Chen told Decrypt in an interview. “The app breaks it down in simple terms: If you’ve got back pain, maybe it’s time to stretch. If your sleep score drops, maybe you need to wind down earlier, or maybe see a doctor.”

For those without a Cudis ring, the app syncs to Apple Health, Garmin, and Oura wearable devices.



Chen emphasized that most people don’t need medical-level insights, just clear, daily feedback to improve their lifestyle habits.

“When we’re younger, we don’t think about this stuff,” he said. “But eventually you realize that your time and your health are everything. Our goal is to make understanding your body as easy as possible.”

The CUDIS token launched on Wednesday and is now live on both the Solana and BNB Chain blockchain networks, trading at around 10 cents. The token acts as an incentive for users who consistently track their metrics and improve over time. Users earn Cudis points by using the associated app to track their sleep, steps, and other vitals. Earning points makes them eligible to receive CUDIS token airdrops based on their usage and total points.

According to Cudis, the total supply of the token is 1 billion, with 25% allocated to the community, 17% to investors, 15% each to the team and ecosystem, 9% set aside for the treasury, 8.13% for marketing, 5.87% for liquidity, and 5% for advisors.

CUDIS tokens enable users to stake and boost wellness-related earnings, access premium services, participate in governance, support innovation, and power its AI-driven personal health assistant.

“We built the AI coach based on ChatGPT 4o, and we are building new longevity-focused AI agents for users to customize their own plans,” Chen said. “The AI agents will guide users to learn more about how to design their daily routine to enhance their health.”

For users concerned about their data being stored on the blockchain, the Cudis app offers the ability to turn off on-chain memory data storage.

“The AI coach is privacy-first. Cudis doesn’t see or store what you type in real time. The insights it gives you like sleep tips or stress trends come from your biometric data, not your conversations,” Chen said. “So your chats with the coach stay between you and your AI, unless you choose to share more.”

The option to opt out, Chen said, is meant to give users more control and continuity in their AI experiences.

Whether crypto rewards are enough to sustain healthy habits over time remains to be seen, and Cudis joins a growing field of health and fitness platforms that claim to help users reverse their biological age.

The wearables market is currently valued at $179 billion, and projected to grow by more than 120% to $397 billion by 2032, according to Coherent Market Insights. Blockchain apps like Stepmania, Sweat, and Longevity by Rejuve AI offer token-based rewards for tracking steps, calories, and overall fitness.

Edited by Andrew Hayward

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



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James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline
Crypto Trends

James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline

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Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui at a loss of approximately $5.3 million as market conditions reversed.

The high-profile investor subsequently increased his Bitcoin (BTC) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion.

According to blockchain analytics platform Lookonchain, Wynn’s aggressive position sizing has resulted in unrealized losses exceeding $20 million, including funding costs. The massive Bitcoin position faces liquidation risk at $104,820.

As the market dropped, top trader @JamesWynnReal closed his long positions on $ETH and $SUI, losing ~$5.3M.

He then doubled down on $BTC longs, pushing his position to 11,070 $BTC($1.19B) — now down over $20M including funding fees.

His liquidation price is $104,820.… pic.twitter.com/HS2NyUtH2J

— Lookonchain (@lookonchain) May 24, 2025

Major Bitcoin support zone identified at $107-108k

Cryptocurrency analyst CrediBULL Crypto has highlighted a crucial support zone between $107,000-$108,000 that could decide the fate of Wynn’s billion-dollar position.

The analyst emphasized that maintaining this price range is essential for preventing a liquidation that could pressure Bitcoin toward the $105,000 level.

An update on everyone’s favorite whale and my thoughts on LTF $BTC PA to go with it:

After taking partial profits Mr. Wynn re-opened the position higher up and added on even more size.

Position is now at 1.2B with a liq price of 105k.

Taking a look at the $BTC chart:

The… https://t.co/rJe2YGdQqA pic.twitter.com/AmRvh1gg8g

— CrediBULL Crypto (@CredibleCrypto) May 24, 2025

“The green zone at 107-108k must hold for the 1.2B position to avoid liquidation,” the analyst noted. A successful defense of the $107,000-$108,000 range might allow another attempt at new all-time highs. However, the analyst mentioned that a breakdown could result in forced selling pressure.

The trading activity is a major change in Wynn’s portfolio allocation following his recent success with Pepe (PEPE) trades. Earlier this week, the trader closed all his PEPE long positions for a total profit of $25.19 million.

However, as the market reversed after Bitcoin hit a new all-time high, his Ethereum (ETH) and Sui (SUI) long positions couldn’t be sustained.





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