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SEC Punts on Trump Media Bitcoin and Ethereum ETF Decision, Plus XRP and Dogecoin Funds

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In brief

  • The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes.
  • The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares.
  • It also pushed back deadlines on separate Dogecoin and Litecoin ETFs, and a proposal to add staking to an existing spot Ethereum ETF.

The U.S. Securities and Exchange Commission has delayed its decisions on an exchange-traded fund proposed by Donald Trump’s media and technology company to track the performance of Bitcoin and Ethereum and seven other ETFs based on single digital assets.

In a filing Monday, the regulator said that it moved its deadline back 45 days for weighing in on the Truth Social Bitcoin and Ethereum ETF to October 8.

It announced identical delays for applications filed for spot XRP funds by Grayscale, CoinShares, Canary Capital, Bitwise and 21Shares, a spot Dogecoin ETF from Grayscale, and a spot Litecoin product from CoinShares, although the dates for potential approvals of those funds vary.

It also held up resolving a request to add staking to the the 21Shares Core Ethereum ETF, which tracks the price of the second-largest cryptocurrency by market value.



The delays comes four days after the agency delayed decisions on Solana ETFs from Bitwise, 21Shares, and VanEck, and a Dogecoin fund from 21Shares.

The SEC is weighing a wave of proposals tracking cryptocurrencies. Those submissions have resulted from the dramatic success of 11 spot Bitcoin and nine Ethereum ETFs, a more favorable political environment for cryptocurrencies ushered in by the Trump administration, and growing interest by traditional finance giants who were formerly resistant to the asset.

The filings also follow roughly three weeks after two major U.S. exchanges asked the SEC to approve amendments that could significantly shorten the approval process for future crypto exchange-traded funds, automatically listing certain products without requiring case-by-case filings.

In separate filings, Cboe BZX and NYSE Arca requested changes to their listing standards that would allow certain crypto ETFs to be listed without enduring the SEC’s rigorous evaluation under Rule 19b-4, a process that requires exchanges to submit proposed rule changes. Under current guidelines, such reviews of proposed changes to funds could take 240 days.

Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt that the SEC’s filings Monday were “nothing significant,” and were likely timed to follow a probable SEC green light of Cboe and NYSE’s amendments next month following the conclusion of a comments period.

“Even though it feels like ‘Isn’t this SEC supposed to approve all this stuff?’, the listing standards are out for comment,” Balchunas said. “So just in the nick of time, these listing standards should be approved. And then we’re anticipating a batch of approvals based on the listing standard starting in October.”

“So this delay feels discouraging, but it’s just a little more patience,” he added. “It’ll all happen soon.”

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Crypto Trends

TRUMP Meme Coin Set For A Revival? Analyst Forecasts 700% Increase To $78

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

The TRUMP meme coin has been on a downtrend after being launched back in January 17, 2025, kicking off a market-wide breakdown in its wake. The continuous decline has also led to major losses for investors, with over 760,000 investors reported to have lost over $1 billion. Naturally, this has triggered a lack of trust in the meme coin. However, as it trends toward a possible bottom, there is the possibility that the TRUMP meme coin could stage another rally.

TRUMP Meme Coin Nearing The Timeline For Another Surge

In an analysis, crypto analyst Master Ananda pointed out that the TRUMP meme coin could benefit from an established trend among altcoins that have often pointed to a recovery. This trend comes after an altcoin has suffered a wave of decline and finally puts in a bottom. Once this is done, then there is nowhere but up for the meme count to go, which could benefit the TRUMP token.

Counting back the days, the analyst explains that the TRUMPUSDT had hit a bottom back in April. From there, it has been over 131 days since the bottom. For altcoins, there is usually an 8-10 months average between hitting a bottom and producing a strong bullish wave. With its current count, the TRUMP meme coin has already completed 4 months and counting, meaning that it is getting close to a possible reversal.

Expanding on the 8-10 month timeframe, Master Ananda pointed out that the wave is not instant and that there is usually a 2-month buildup toward the recovery. But once it begins, it is possible for the bullish wave to last between 1-3 months before hitting a peak. This brings it to around five months of total price action before it’s completed.

Source: TradingView

Therefore, with the TRUMP meme coin already seeing four months of sideways movement, it suggests that it could be heading into the 2-month buildup. Taking in the average of nine months, then the next five months could see the meme coin rally as the market picks up.

How High Can Price Go?

Looking at the fact that altcoins can rally by more than 300% during times like these, the crypto analyst expects no less for the TRUMP meme coin. The chart shows that after a possible bottom, the bullish wave could begin and push toward its previous peaks.

The top of the bullish zone is placed at $78, and taking the current price into account, it would mean an over 700% increase in the meme coin’s price. “If you are ready to wait 3 months, it doesn’t matter what is happening short-term; what matters is the long-term results,” the analyst stated.

Price holds $9 support | Source: TRUMPUSDT on TradingView.com

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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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos
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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Eric Trump urges bullish bets on crypto; altcoins like LILPEPE, TRON, KAS, and ALGO gain investor attention.

Summary

  • Eric Trump’s bullish opinion on Bitcoin and Ethereum sparks interest in altcoins for 2025.
  • LILPEPE, TRON, KAS, and ALGO are poised for growth ahead of the 2025 crypto bull run.
  • Affordable altcoins backed by strong tech are attracting attract investors ahead of the next bull cycle.

A possible bull run in 2025 has already got the cryptocurrency market buzzing. Recently, Eric Trump made statements urging investors to “stop betting against Bitcoin and Ethereum”, further exciting the market around digital assets. 

While both Bitcoin and Ethereum remain the titans they are, strategic investors are shifting their focus to undervalued altcoins with solid fundamentals and the potential to ignite explosive growth. From Eric Trump’s interview, it’s safe to say he is very bullish about the crypto market, and if current trends are anything to go by, Little (LILPEPE), TRON, KAS, and ALGO are poised to skyrocket by 2025. In short, these cryptocurrencies are affordable and backed by state-of-the-art technology. 

Little Pepe: The memecoin with layer 2 ambition

Little Pepe is reshaping the memecoin world by combining technology with viral appeal. Now in Stage 10 of its presale, priced at $0.0019, Little has completed more than $18.3 million in fundraising and has sold 12.2 billion tokens. 

This has also led to the rare presale listing on CoinMarketCap, which enhances its global exposure. While common memecoins such as PEPE and SHIB focus solely on their developed community and meme culture, Little Pepe is taking a different direction as it is developing a Layer 2 meme and community tokens blockchain, which will have minimal charges, instantaneous transaction completion, and will be EVM compatible. 

Little Pepe Launchpad, designed by the project, is designed to assist new meme projects by providing protective anti-bot mechanisms for fair launches. Little Pepe is set for tremendous growth given their 100,000-strong community and CEX listing planned for after the presale. Although memecoins are highly risky and speculative, Little’s low entry price and infrastructure focus make it an opportunity for high reward for investors speculating at 50x-100x return during the 2025 bull run.

TRON: The DeFi giant with steady momentum

TRX currently trades at $0.315 and has a market cap of $32.2 billion. Gaming and NFTs have spawned a vibrant dApps and financial services ecosystem. It is becoming the go-to network for stablecoin transactions. Recently, $1 billion of USDT was minted on its blockchain. 

The price structure of TRON currently sits in an ascending channel, which shows bullish signs. With whale dominance currently peaking, analysts speculate that if TRX breaks past $0.45, it may retrace to its 2024 highs of $0.50. This move provides an estimated profit of 10 to 20 percent.

Kaspa: The scalable blockchain innovator

With a market cap of $2.89 billion, KAS is priced at $0.075. It is designed for high transaction speed, which makes it a competitor to traditional blockchains. The recent Crescendo v1.0.0 hard fork increased block speed to 10 blocks per second, and the DAGKNIGHT consensus improves security and finality. 

The new EVM-compatible testnets and the KRC20 token standard proposed by Kaspa enable new avenues in DeFi and smart contracts. With increasing developer interest and the Caravel testnet coming soon, analysts expect KAtold to reach $1 by the end of the year, representing a 13x increase from its current price.

Algorand: The green with real-world utility

ALGO fuels DeFi and NFT ecosystems and bridges traditional and decentralized finance. With a market cap of $2.2 billion and priced at $0.24, ALGO powers DeFi and NFT ecosystems. Its plans for 2025, like enabling native token transfers through Wormhole, collaboration with Paycode for digital identities in emerging markets, and other initiatives, reveal ALGO’s ecosystem. 

Algorand attracts institutions and developers because of low costs, native staking rewards, and a carbon-negative promise. Its recent joining of the Blockchain Association to advocate for crypto-friendly regulations further boosts credibility. ALGO has excellent upside potential, especially with the growing adoption of DeFi and payments.

Conclusion

Eric Trump’s bullish sentiment towards Bitcoin and Ethereum hints at a booming market. As for other investment options, Algorand, Kaspa, Little Pepe, and TRON also offer diverse opportunities. TRON’s dominance in DeFi provides a safe investment, while Little Pepe’s dog meme-driven Layer 2 project could yield significant gains in weeks. 

Completing the list is Kaspa with its scalable infrastructure, Algorand with its real-world applications — both holding strong for long-term gains — coins priced under a dollar offer affordable entry positions ahead of the predicted bull run in 2025. As always, conduct due diligence and speak to a financial advisor; with any investment, cryptocurrencies come with risks.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Bitcoin options worth nearly $3B to expire on June 13
GameFi Guides

Bitcoin reclaims $105,000 after Trump announces Israel-Iran ceasefire

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Bitcoin managed to reclaim its previous spot above $105,000 following a miraculous rebound as tensions cool between Israel and Iran after the U.S. ushers in a ceasefire.

According to data from crypto.news, BTC (BTC) experienced a price surge following news of a ceasefire between Israel and Iran. The largest cryptocurrency by market cap almost touched the $106,000 threshold, reaching as high as $105,927 in the past 24 hours.

At press time, BTC has gone up 3.9% and is currently trading hands at a price of $105,302. Throughout the past week, Bitcoin has suffered through the geopolitical events that have broken through between Israel, Iran and the United States. Within the past few days, BTC fell into a slump following news of the U.S. bombing three of Iran’s nuclear bases.

On June 22, BTC experienced a sharp decline, dropping well beyond it previous peak of $106,003 just two days prior. On June 23, Bitcoin reached its lowest point since May, dropping to $98,974.

Price chart for Bitcoin in the past 24 hours, June 24, 2025 | Source: crypto.news

BTC has gone down 1.2% in the past week and 3.6% in the past two weeks. The past month has seen the cryptocurrency fall by nearly 2%.

Not only that, Bitcoin’s market cap also enjoyed a 3.24% boost, climbing up to $2.09 trillion following the recent price surge. Additionally, BTC’s trading volume also saw a 6.9% increase compared to the previous day, amounting to $52.8 billion based on current market prices.

Even the wider crypto market cap has experienced a 2.1% surge after news of the ceasefire broke, amounting to $3.36 trillion.

A ceasefire signal between Israel and Iran may have eased investor concerns for now. Crypto markets often recover quickly when geopolitical fears recede. However, traders still have their eyes on the continuing conflict between Israel and Iran.

Despite the agreed upon deal between the two countries, brokered by Donald Trump and Qatar, Israel’s Defence Minister Israel Katz accused Iran of violating the ceasefire only two hours after the deal was announced.

According to the BBC, despite Iran furiously denying the accusation, Israel plans to “respond forcefully to Iran’s violation of the ceasefire with intense strikes” targeting the nation’s capital in Iran. It remains to be seen whether Israel will follow through with the threat, and how it will affect Bitcoin and the wider crypto market.



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Bitcoin Price Jumps To $106,000 After Trump Announces Ceasefire
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Bitcoin Price Jumps to $106,000 After Trump Announces Ceasefire

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Bitcoin (BTC) has surged back above the $106,000 mark after dipping to $98,500 on Sunday, its lowest point in 45 days. The recovery came as U.S. President Donald Trump announced a “total ceasefire” between Israel and Iran, easing market fears and boosting investor confidence.

Despite the brief selloff, Bitcoin’s derivatives market stayed mostly stable. The price drop triggered $193 million in liquidations of bullish leveraged positions, but total futures open interest remains steady at $68 billion.

Donald J. Trump Truth Social 06.23.25 03:52 PM EST

Iran has officially responded to our Obliteration of their Nuclear Facilities with a very weak response, which we expected, and have very effectively countered. There have been 14 missiles fired — 13 were knocked down, and 1 was…

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) June 23, 2025

There are traders who are now keenly observing whether Bitcoin will be able to breach the $110,000 resistance but there is still a worry about the geopolitical tensions that are still present. A prolonged conflict in the Middle East could still spook investors and lead to more risk-averse strategies.

Interestingly, Bitcoin’s network was also impacted during the weekend drop. The hashrate fell 8%, from 943.6 million TH/s to 865.1 million TH/s. Some analysts believe this could be linked to mining disruptions in Iran, where unverified reports suggest up to 2 gigawatts of power may be used by illegal mining farms.

However, sudden hashrate drops aren’t unusual. Daniel Batten noted similar declines have occurred in the U.S. during extreme weather events, such as the 27% plunge in April during Texas and Oklahoma storms.

Meanwhile, oil prices fell and the S&P 500 rose 1% on Monday. Traders are now more confident the U.S. Fed could cut interest rates soon. The chance of a rate cut by November has risen sharply, offering potential tailwinds for Bitcoin’s next move.

Also Read: US Attack on Iran Crashes Bitcoin Mining Hashrate: Fact Check





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NFT Gaming

Ethereum (ETH) Surges 9% After Trump Announces Israel-Iran Ceasefire to End ‘The 12 DAY War’

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Ether (ETH)

is trading at $2,420, up 8.61% over the past 24 hours, after surging sharply in the hours following former U.S. President Donald Trump’s unexpected announcement of a ceasefire agreement between Israel and Iran, according to CoinDesk Research’s technical analysis model.

The move appears to have reversed recent war-driven market anxiety, fueling renewed bullish sentiment across crypto markets.

At 10:02 p.m. UTC on June 23, Trump posted on Truth Social that a full ceasefire agreement had been reached by both Israel and Iran. According to his statement, each country would pause hostilities in coordinated stages: Iran would initiate a 12-hour ceasefire, followed by Israel, leading to a 24-hour complete cessation of the conflict. Trump described this as a successful conclusion to what he labeled a 12-day war — one he claimed could have escalated into a much longer and more devastating regional conflict. He praised both sides for choosing restraint and credited the agreement with averting further turmoil in the Middle East.

The announcement injected a wave of optimism into the crypto market, especially for high-beta assets like ether. Prior to the rally, ETH had already been showing signs of strength, supported by steady whale accumulation. On-chain data shows over $265 million in ETH was acquired by large holders during the recent downturn, including a single wallet that purchased 47,070 ETH —r oughly $113 million — over a three-day period.

Ethereum’s network fundamentals remain robust, with an average of 1 million new ETH wallet addresses created weekly since mid-May, representing a 50% year-over-year increase. With volatility receding and risk appetite returning, traders are now watching whether ETH can break through the next psychological threshold of $2,500.

Technical Analysis Highlights

  • ETH rallied 7.7% from $2,230 to $2,401 over the 24-hour analysis window.
  • High-volume support formed between $2,220 and $2,230, with initial buying at $2,191.36.
  • Price broke out above $2,400 during the 22:02–22:11 window as volume spiked to 28,149 ETH.
  • Resistance at $2,275 flipped into support as buying momentum accelerated.
  • ETH touched an intrahour high of $2,434.95 before entering a consolidation phase.
  • Price action formed a potential bull flag as ETH traded between $2,390 and $2,402.
  • Volume surged to 2.5x the 24-hour average in the final three hours of the session.
  • Higher lows confirmed bullish structure throughout the uptrend.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Bitcoin, Ethereum and XRP Spike as Trump Says Iran and Israel Agree to Ceasefire

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Cryptocurrency prices spiked early Monday evening as President Donald Trump said on social media that Iran and Israel have agreed to a ceasefire, purportedly putting an end to days of bombing.

“CONGRATULATIONS TO EVERYONE!” Trump wrote on Truth Social. “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED!”

Bitcoin is up 5% on the day, topping $105,000 following a quick surge just now following Trump’s announcement. It’s currently priced at $105,550, almost fully returning to BTC’s Friday price ahead of weekend declines.



The price of the leading cryptocurrency had fallen below $100,000 on Sunday, after U.S. forces bombed Iran nuclear sites late Saturday, but had started recovering and returned over that mark by the end of the weekend.

Users of prediction market Myriad expect that Bitcoin will be able to remain above the $100,000 mark, forecasting a 79% chance that it stays above that price by the end of the day on June 27. (Disclosure: Myriad is a product of Decrypt’s parent company, DASTAN.)

Other top assets like Ethereum, XRP, and Solana are also rising following the news. Ethereum is up to $2,408, rising 9% over the last day after showing a 10% dive early Sunday. Solana is up 11% on the day, with Dogecoin rising 10% and XRP and Cardano both up 9% during that span.

Crypto liquidations are piling up again with asset prices on the rise Monday. CoinGlass data shows $473 million worth of crypto positions “rekt” over the last 24 hours, dominated by $364 million worth of short positions. Bitcoin makes up the biggest chunk of liquidations at $161 million, with Ethereum not far behind at $140 million.

Editor’s note: This story was updated after publication with additional details.

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Donald Trump and Sean Hannity Set Off a Wave of Disinformation After Iran Bombing
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Donald Trump and Sean Hannity Set Off a Wave of Disinformation After Iran Bombing

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Trump’s effort to frame the bombing as a decisive end to Iran’s nuclear ambitions, while heavily disputed by arms control experts, was picked up by supporters who claimed the bombing raid had effectively ended any potential conflict.

“Nobody is celebrating war,” right-wing commentator Dave Rubin wrote on X on Sunday morning. “People are celebrating the end of war.” Pro-Trump commentator Ben Shapiro hailed Trump’s actions as historic on his YouTube channel: “President Trump was never going to start world war three … he played this absolutely perfectly … President Trump was not dragged into a war, he managed this with absolutely stunning professionalism.”

However, just hours later, Trump raised the possibility of an extended military engagement in Iran when he suggested replacing the current leadership in a post on Truth Social.

“It’s not politically correct to use the term, ‘Regime Change,’ but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change??? MIGA!!!,” Trump wrote. Trump’s suggestion came after his own vice president, secretary of defense, and secretary of state had all declared that the bombing raid had nothing to do with regime change.

A MAGA cohort had warned for weeks that any attempt to replace the Iranian government would lead to a protracted war that would see US troops on the ground in the Middle East getting involved.

Charlie Kirk, a conservative political activist who had repeatedly voiced his opposition to war with Iran, appeared to make a U-turn on Sunday evening in response to Trump’s “regime change” post.

“A bottom-up revolution rises from the will of the people,” Kirk wrote on X. A top-down regime change is engineered by elites and the intel community. One is organic, the other is orchestrated, forced … President Trump is talking about an organic uprising.”

Kirk was mocked by other right-wing influencers for his U-turn. “Oh now it’s TOP DOWN US led regime change that your [sic] against,” influential podcasters Keith and Kevin Hodge, wrote on X in response to Kirk. “Not just regular old regime change. We get a new and improved regime change sponsored by the intel community and defense contractors!”

While some of the loudest opponents to engaging in military activity in Iran—such as Tucker Carlson—have yet to comment on Trump’s suggestion of regime change, many have criticized the weekend’s incidents.

“American troops have been killed and forever torn apart physically and mentally for regime change, foreign wars, and for military industrial base profits,” US representative Marjorie Taylor Greene wrote in a lengthy diatribe on X after the bombings. “I’m sick of it.”

Meanwhile, Alex Jones, the school-shooting conspiracist and Pizzagate conspiracy promoter who filed for bankruptcy in 2022, said Trump’s regime change comments would drag US troops into the conflict.

“Now Trump joins in, essentially calling for regime change, that’s called sleepwalking us into total war, not what we voted for,” Jones said on his Infowars show on Sunday night.

On Monday morning, Trump himself indicated that the fallout from the US bombing raid may continue for some time, writing a post apparently in response to speculation that Iran will close one of the world’s busiest oil shipping channels, the Strait of Hormuz.

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump wrote on Truth Social, before adding: “To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!”



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Is Elon Musk Afraid of Donald Trump?
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Is Elon Musk Afraid of Donald Trump?

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Something is off.

Elon Musk, the billionaire “technoking,” professional loudmouth, and geopolitical hobbyist, has gone silent. More than 48 hours after the United States bombed three Iranian nuclear sites — Fordow, Natanz, and Isfahan — triggering fears of a wider war, the man who has a take on everything suddenly has none.

This isn’t normal. It’s rare.

The context is explosive. As the world awaits Iran’s response, President Donald Trump warned of more strikes and openly mused about regime change. “If the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change???” he posted on Truth Social on June 22.

The world is teetering. The U.S. is on the brink of a new Middle East war. And Musk, a man who practically lives on X, the platform he owns, is posting about robotaxis in Austin, Texas, and congratulating Tesla engineers, but has not said a single word about the escalating Iran situation.

No reposts. No memes. Nothing.

No one expects Musk to stay quiet. His brand is global omnipresence. He has tweeted about immigration in Europe, publicly challenged the German government over environmental policy, called Brazil’s elected leaders an “oppressive regime,” and even tried to rebrand Europe’s far-right surge as MEGA — Make Europe Great Again.

Make Europe Great Again!

MEGA, MEGA, MEGA

pic.twitter.com/Mk5NJXxxeC

— Elon Musk (@elonmusk) February 14, 2025

When Russia invaded Ukraine in 2022, Musk initially provided Starlink satellite support. Then he flipped, accusing Ukraine of seeking a “forever war.” His opinion whiplash is so routine that Musk watchers have learned to expect it. Which is why his current silence, amid a possible U.S.-Iran war, feels almost strategic.

They want the forever war.

How many more parents with no sons?

How many more children with no fathers?

By their logic, it never ends. https://t.co/LplYYnfLnd

— Elon Musk (@elonmusk) March 6, 2025

He has been active on X since the strikes. He just hasn’t mentioned them. Instead, he focused on launching Tesla’s robotaxi service in Austin, a major moment for the EV company. But this is Elon Musk, the man who brags about multitasking across Tesla, SpaceX, Neuralink, xAI, and The Boring Company while tweeting memes about obscure historical battles at 3 a.m. Time has never stopped him before. His default setting is to interfere. His planetary ambitions, he seems to believe, require him to have an opinion on everything.

So why the silence now?

The answer likely lies in a humiliating public feud from just a few weeks ago. On June 5, Musk’s alliance with Trump spectacularly imploded in a war of words and personal insults. Musk accused Trump of having ties to Jeffrey Epstein, a claim that quickly went viral before he deleted it. The fallout was so damaging that Musk did something he almost never does: he bent the knee. After a brutal backlash from the MAGA base and a $150 billion drop in Tesla’s market value, the tech mogul issued a public apology. “I regret some of my posts about President @realDonaldTrump last week,” he wrote. “They went too far.”

I regret some of my posts about President @realDonaldTrump last week. They went too far.

— Elon Musk (@elonmusk) June 11, 2025

That episode appears to have left a deep mark. As he once posted in January, “I get things done and, while I have lost a few battles here and there, I have never lost a war.” His feud with Trump looks like the war he finally lost.

I get things done and, while I have lost a few battles here and there, I have never lost a war

— Elon Musk (@elonmusk) January 9, 2025

His silence on Iran seems to confirm it. Now Musk may be calculating: Is it worth stepping into another fight? Especially one that pits his apparent non-interventionist instincts — he’s long bashed forever wars — against Trump’s war-footing bravado?

Judging by Musk’s past statements, he likely sides with the populist-nationalist wing of the GOP that wants the U.S. to avoid new foreign entanglements. His jabs at Ukraine’s leadership suggest he has little appetite for extended conflict. But publicly aligning with that camp, against Trump, could trigger another costly clash. He may not want to risk it. Not again. Not right now.

Musk’s silence might not last. But for now, it’s loud. And revealing. The man who tries to colonize Mars, reinvent AI, tunnel under cities, and disrupt every industry from defense to energy to biotech is, for once, strategically mute.

The stakes are high. If the U.S. escalates in Iran, Musk will eventually speak. But for now, it looks like the richest man on Earth is playing it safe. Not for lack of opinions, but perhaps for fear of another expensive battle.





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Photo of Donald Trump Jr. and Eric Trump flanked by security.
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The Trump Family Is Quietly Building a Crypto Empire

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Just a few years ago, Donald Trump called crypto a “scam” and “dangerous.” Today, from the Oval Office, he champions it as the future of finance. This dramatic pivot is backed by a rapidly growing ecosystem of cryptocurrency ventures tied directly to the Trump family, creating an unprecedented network of potential conflicts of interest.

While the President promotes crypto-friendly policies, his family and associated businesses are launching tokens, mining operations, and financial platforms that stand to benefit directly from those policies. Here’s a look inside the Trump crypto empire.

The Stablecoin: World Liberty Financial ($USD1)
The crown jewel of the operation appears to be World Liberty Financial (WLFI), a crypto firm that launched in September 2024. While the President was listed as “co-founder emeritus,” until he took office, his sons—Donald Jr., Eric, and Barron—are all active co-founders. The company’s stablecoin, USD1, is a digital token pegged to the U.S. dollar, which has already amassed a market value of $2.2 billion, according to data firm CoinGecko.com.

What’s a Stablecoin? It’s a type of cryptocurrency designed to hold a steady value. For every USD1 token issued, there’s supposed to be one U.S. dollar held in reserve, making it a stable digital asset for payments and trading.

The venture is already wildly profitable. President Trump earned $57.4 million last year from his ownership of tokens tied to the project, according to his June 2025 Office of Government Ethics (OGE) disclosure.

The timing is also impeccable: the Senate just passed the “Genius Act,” a bill that opens the door for widespread adoption of stablecoins, which could send the value of platforms like WLFI into the stratosphere. Adding to its legitimacy, USD1 is already being used as a payment method for the UAE’s sovereign wealth fund, MGX.

According to Democratic lawmakers and critics, USD1 may be a way to curry favor with the Trump family and the president in particular.

“If Congress passes this bill, USD1 won’t just be a coercive tool to pay off a corrupt President,” Senator Elizabeth Warren, a Democrat of Massachusetts, said last month. “It will be a financial instrument blessed by the United States Government. And this bill provides even more opportunities to reward buyers of Trump’s coins with favors like tariff exemptions, pardons, and government appointments.”

The Memecoins: $TRUMP and $MELANIA
In January, entities linked to the Trump Organization launched $TRUMP, a “memecoin” on the popular Solana blockchain. Unlike stablecoins, memecoins have no intrinsic value and thrive on internet hype. The launch was a massive success, netting the Trump-linked companies over $350 million in transaction fees so far, according to research firm Chainalysis, with the token’s market cap hitting $1.8 billion as of time of writing.

Not to be outdone, MKT World LLC, a company associated with First Lady Melania Trump, according to the June 2025 Office of Government Ethics (OGE) disclosure, launched $MELANIA just days later. While its purpose is vague—tied to “appearance and speaking engagements and the sale of NFTs”—it has a market value of $128.3 million as of time of writing.

The Mining Operation: American Bitcoin Corp
In March, Eric Trump teamed up with crypto mining firm Hut 8 to launch American Bitcoin Corp, which aims to be a major player in Bitcoin mining and accumulation.

What is Bitcoin Mining? It’s the process by which new bitcoins are created. Powerful computers solve complex mathematical problems, and in return for their work, they are rewarded with Bitcoin. It’s an energy-intensive but potentially lucrative business.

American Bitcoin Corp, where Eric Trump serves as chief strategy officer, went public in May and already holds about $22 million worth of Bitcoin, with plans to acquire more.

The Next Frontier: ETFs and NFTs
The empire’s reach continues to expand. The first venture began quietly, with a Trump-linked entity licensing his likeness for NFTs (non-fungible tokens, or unique digital collectibles), which earned the President over $1.1 million in 2024 alone, according to the June 2025 Office of Government Ethics (OGE) disclosure,

More recently, Trump Media & Technology filed to launch a combined Bitcoin and Ether ETF, a type of investment fund that would allow mainstream investors to easily buy into crypto.

A Web of Conflicts
This sprawling crypto ecosystem, from stablecoins and memecoins to mining and investment funds, is deeply intertwined with Trump’s presidency. His political shift from crypto skeptic to crypto evangelist aligns perfectly with his family’s growing financial interests. With his campaign now accepting crypto donations, this network could double as a fundraising machine and a post-presidency payoff.

Whether it’s driven by ideology, opportunism, or both, the Trump crypto empire is raising serious ethical questions. As the President pushes policies that could enrich his family’s ventures, the line between governing and personal profit has never been more blurred.



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