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U.S. President Donald Trump’s Social Media Firm Truth Social To Launch Spot BTC ETF

by admin June 4, 2025

NYSE Arca, which is part of the New York Stock Exchange, has filed paperwork with the Securities and Exchange Commission (SEC) to launch a fund issued by U.S. President Donald Trump’s media company Truth Social.

On Tuesday, the exchange filed a 19b-4 document with the SEC for a fund that would track the price of bitcoin

, similar to the already existing spot bitcoin exchange-traded funds (ETFs).

The filing was made on behalf of crypto asset manager Yorkville America Digital, which is a partner of Trump Media & Technology Group, the owner of Truth Social.

The custodian for the fund, if approved, would be Foris DAX Trust Company, which also serves as the custodian for Crypto.com’s assets.

A 19b-4 filing is required to be filed by self-regulatory organizations (SROs) to propose a rule change. A second document by the issuer, called the S-1, is also required to make the proposal official.

The fund would trade under the name Truth Social Bitcoin ETF, according to the filing.

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June 4, 2025 0 comments

GameFi Guides

Top U.S. Bitcoin miners report strong May performance and infrastructure growth

by admin June 3, 2025

Some of the largest U.S.-based Bitcoin miners—CleanSpark, MARA, and Riot Platforms—released their May 2025 operational updates today, reporting solid gains.

All three companies reported month-over-month gains in Bitcoin (BTC) production, infrastructure development, and strategic positioning in the post-halving market.

CleanSpark produced 694 BTC in May and reached a hashrate of 45.6 EH/s, a 7.5% increase from the previous month. The company also announced it now holds 12,502 BTC, double its treasury from a year ago, with all reserves mined directly.

CleanSpark expanded its contracted power capacity to 987 megawatts and is on track to become the first public miner to hit 50 EH/s with fully self-operated infrastructure.

CEO Zach Bradford said CleanSpark’s infrastructure-first model is built to support scaling beyond 60 EH/s while maintaining full operational control.

MARA, meanwhile, reported its strongest month since the April 2024 halving. The company produced 950 BTC in May, up 35% from April, and earned 282 blocks—a 38% month-over-month increase.

MARA’s BTC holdings now exceed 49,000, with its self-operated MARA Pool contributing significantly through above-average block reward “luck” and operational efficiencies.

CEO Fred Thiel emphasized MARA’s vertically integrated model as key to driving down costs and optimizing energy use.

Riot Platforms mined 514 BTC in May, marking an 11% increase from April. In addition to mining growth, Riot is investing heavily in its data center business.

The company finalized the acquisition of 355 acres near its Corsicana site in Texas to build high-performance computing data centers aimed at enterprise and hyperscale clients. Riot also appointed Jonathan Gibbs, a veteran in the sector, as Chief Data Center Officer to lead the development of the new platform.

Together, the three miners are adapting to the post-halving environment by doubling down on infrastructure, vertical integration, and strategic treasury management.

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June 3, 2025 0 comments

Crypto Trends

Crypto Lobbyists Urge U.S. Senators to Dodge Distraction in Stablecoin Debate

by admin June 3, 2025

The U.S. Senate’s stablecoin bill is heading back into the final days of floor debate, and the crypto industry’s Washington lobbyists are calling for senators to stay focused on the task even as other legislative efforts muscle into the debate.

If the bill clears those potential obstacles and passes this week, it’ll mark the first time a major piece of crypto legislation has cleared the Senate.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is the Senate’s much-revised effort to regulate the issuers of stablecoins — the steady tokens generally based on the value of a U.S. dollar, such as Tether’s

and Circle’s . The bill already cleared the Senate Banking Committee and an earlier floor-vote test with major bipartisan support, though many Democratic critics tied the effort to concerns over President Donald Trump’s personal crypto business interests.

“As the bill continues through the amendment process, we respectfully urge lawmakers to remain committed to its central goal: providing a targeted and comprehensive approach to stablecoin oversight,” some of the top Washington lobbying groups said in a joint statement on Monday, signed by the leaders of the Blockchain Association, Crypto Council for Innovation, DeFi Education Fund and the Digital Chamber.

This marks a first policy engagement from new Blockchain Association CEO Summer Mersinger, who just left her commissioner post at the Commodity Futures Trading Commission on Friday.

Senate Majority Leader John Thune had said he’d throw open the final debate on the GENIUS Act open to amendments, and more than 50 of them were delivered. As often happens to legislation with momentum, lawmakers have latched onto the bill in hopes of letting their unrelated efforts ride its coattails to victory. In this case, the senators behind the Credit Card Competition Act that aims to force more competition between card issuers filed to add that as an amendment to the stablecoin legislation.

Policy analysts such as Ian Katz at Capital Alpha Partners give the credit-card initiative very low odds of getting signed into law — 10-15%, Katz said in a Monday research note. His firm had a more optimistic outlook for the GENIUS Act, putting it at “a 60-65% chance of becoming law this year.”

While approval in this chamber of Congress represents the most difficult of all the hurdles faced by the legislation, it would still need approval in the House of Representatives, which may have its own ideas on how to approach stablecoins.

Read More: U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise

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June 3, 2025 0 comments

Game Updates

The best Godzilla movie is coming back to the U.S. in 4K

by admin June 3, 2025

Godzilla fans have had plenty to feast on in the past decade, with Legendary Pictures’ MonsterVerse producing five films and a pair of streaming series. But while Hollywood has come up with increasingly silly ways for its titans to fight, Japan’s Toho Studios still produced the smartest and best Godzilla film of this era — and it’s coming back to U.S. theaters in August.

Originally released in Japan in 2016, Shin Godzilla from directors Hideaki Anno (Neon Genesis Evangelion) and Shinji Higuchi (Bullet Train Explosion) was inspired by the 2011 earthquake and tsunami that caused the Fukushima Daiichi nuclear power plant to fail. It starts as a dark comedy focused mostly on an endless series of meetings to address a mysterious incident in Tokyo Bay that keeps getting worse every time the politicians think they can declare victory.

As Godzilla makes landfall and evolves from an ungainly lungfish-like beast to the iconic city destroying kaiju, the country’s leaders need to cut through the red tape and come up with a solution. If they can’t figure out how to neutralize the monster themselves, America will nuke the whole city. The examination of Japan’s place in the post-World War II era is deeply political, reframing the series in a nationalistic vein continued by 2023’s Godzilla Minus One.

A 4K remaster of Shin Godzilla will be released in North American theaters on Aug. 14 by GKIDS, which was purchased by Toho last year. According to the announcement, a home entertainment release will follow.

“With an incredibly timely story of people struggling to work together to stop imminent destruction, backed by some of the most explosive action scenes the franchise has ever seen, Shin Godzilla is a modern masterpiece,” GKIDS president David Jesteadt said in a news release. “We are honored to play a part in bringing the film back for American fans, better than ever.”

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June 3, 2025 0 comments

Crypto Trends

New Hampshire Tops List of Most Crypto-Friendly U.S. States: Study

by admin June 2, 2025

A new ranking of crypto-friendly U.S. states puts New Hampshire at the top despite its steep electricity prices and lack of bitcoin mining activity. The state scores high due to its zero capital gains tax, lack of restrictive crypto regulation and a dense network of crypto-accepting businesses and ATMs.

The study, conducted by digital mining hardware maker ASICKey, evaluated all 50 states using seven weighted factors: capital gains tax, regulatory environment, crypto adoption in business, job availability, ATM density, electricity cost, and mining presence. Tax policy and business usage were given the most weight.

New Hampshire earned the highest score — 71.22 out of 100 — with 4.4 crypto businesses and 9.3 ATMs per 100,000 people. Wyoming followed with a score of 61.89, thanks to the highest blockchain job concentration nationwide (118.4 per 100,000), low energy costs, and minimal regulation.

Nevada, Texas, and Alaska round out the top five. Each state has its own strengths — Nevada’s crypto-accepting business sector, Texas’s significant mining footprint, and Alaska’s strong blockchain job market — while also benefiting from 0% capital gains taxes.

The study underlines how tax structure and state policy shape the crypto landscape. States with favorable tax codes and clear regulatory paths appear to attract more infrastructure and job creation, while high taxes or unclear rules may slow adoption.

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June 2, 2025 0 comments

GameFi Guides

How the U.S. is Dominating and Who Are Close Behind?

by admin May 28, 2025

In recent years, the whole planet has witnessed the power of Bitcoin. From small nations like Bhutan and El Salvador to the world superpower, the United States, all have directly or indirectly garnered their attention on Bitcoin, with the cryptocurrency hitting the humongous milestone of $100K in December 2024.

All these factors kickstarted a race for Bitcoin adoption, and now institutions and governments across the globe have accelerated their Bitcoin acquisition strategy.

In this Bitcoin adoption race, Strategy (MSTR) is in the top position. In its latest purchase, the company acquired an additional 4,020 Bitcoin—between 19 and 25 May—for nearly $427 million. Besides this Bitcoin giant, many new firms are also adopting a Bitcoin strategy to boost their portfolio and using it as a hedge against inflation.

Recently, a Paris-based digital asset company, Blockchain Group, announced that it will increase its Bitcoin acquisition via a 63.3 million euro (approximately $72 million) bond sale. With all these funds, they will add 590 BTC to their stack, which will surge their total holdings to 1,437 Bitcoin.

Not only corporations but also nations such as El Salvador, Bhutan, and the United States are also in the race to grab as much Bitcoin as they can. Now, crypto enthusiasts want to know who is dominating this race or who will become the global Bitcoin superpower. If you have the same question, you are at the right place because in this article, we explore Bitcoin adoption deeply. So, without wasting more time, let’s get started.

Why is the United States Dominating Bitcoin Adoption?

A recent report by River indicates a significant shift in the narrative surrounding Bitcoin in America, highlighting an increase in Bitcoin adoption across the nation. Some cryptocurrency experts are beginning to refer to the United States as a global Bitcoin superpower.

The report reveals that Americans collectively hold an estimated $790 billion in Bitcoin, which accounts for about 40% of the total Bitcoin ownership worldwide.

The United States is the global Bitcoin superpower.

Our new report breaks down how this advantage can fuel the next era of American prosperity. pic.twitter.com/v5BNgTGsKA

— River (@River) May 20, 2025

Several key statistics from the report emphasize America’s dominance in the Bitcoin landscape. Notably, over 150 major institutions in the US have some degree of Bitcoin exposure, while more than 40 states are either considering or have already implemented Bitcoin-friendly legislation.

Additionally, there are currently $132.98 billion in total net assets under management in the U.S. Bitcoin ETFs, alongside more than $30 billion in Bitcoin held by publicly traded companies in the country. Furthermore, the country boasts over 20,000 businesses related to Bitcoin, underscoring its robust and growing presence in the cryptocurrency space.

Who is Behind the United States in Bitcoin Adoption?

The U.S. has a strong lead, but a number of countries and companies also have a foray into Bitcoin, with each using different methods to boost their Bitcoin adoption.

El Salvador: The Pioneer of National Adoption

President Nayib Bukele led El Salvador in becoming the first nation to make Bitcoin legal tender in 2021. The nation keeps purchasing Bitcoin now and then, with it reporting over $357 million in profits, showing that their strategy has worked. The much-talked-about “Bitcoin City” project and Bitcoin-backed bonds have El Salvador making headlines for its one-of-a-kind moves and being a first-mover in doing so.

El Salvador uses remittances, which make up 24% of its GDP, and Bitcoin’s Lightning Network makes it easier and cheaper to send small amounts regularly. Although El Salvador is smaller compared to the United States, its early steps have encouraged other countries and placed it in the lead for adoption.

Bhutan: The Dark Horse

Bhutan entered the Bitcoin race quietly and got its hands on BTC through its state investment arm, Druk Holding and Investments. Leveraging its rich supply of hydroelectric power, the small Himalayan country has been able to mine Bitcoin in an eco-friendly way, which has helped its economy grow.

The country builds up its reserves over time, rather than using them for public spending, which helps explain its large holdings. While the U.S. makes its moves widely known, Bhutan’s method points towards how the adoption of new technologies could be molded in the most beneficial way.

Nigeria: Local Support Gaining Strength

Nigeria is one of the leading countries for Bitcoin adoption, as almost half of its population has worked with cryptocurrencies. Because of economic uncertainty, high inflation, and a large number of people without bank accounts in the country, Bitcoin has been adopted by many people who use it as a defense against inflation.

The government’s support for cryptocurrencies, as well as a new blockchain policy, has helped increase the adoption in Nigeria. Second only to India, Nigeria stands out in the 2024 Chainalysis Global Crypto Adoption Index because of its high P2P trading volume.

Other Countries in the Group: Argentina, UAE, and Russia

People in Argentina have turned to Bitcoin because of the country’s economic problems and high inflation. The United Arab Emirates, and Dubai in particular, is working to become a major center for cryptocurrencies by having clear laws and the VARA.

There are reports that Russia has also entered the scene, using Bitcoin and other cryptocurrencies for oil trades. If Russia continues to encourage Bitcoin mining and lower energy charges for miners, it could become a serious rival to the United States.

Corporate Contenders

MicroStrategy is not the only company making headlines in this space. As mentioned earlier in the article, the Paris-based Blockchain Group recently sold a bond worth €63.3 million ($72 million) to get 59 Bitcoin, bringing its total holdings to 1,437 Bitcoin.

The world’s largest asset manager, BlackRock—through its Bitcoin ETF and the addition of Coinbase Prime to its asset management software, Aladdin—is helping to unite traditional finance and crypto, which is speeding up Bitcoin adoption on a global scale.

Final Thoughts

The process of adopting Bitcoin is influenced by economic, political, and technological factors, and the US is currently ahead because of its strong economic position, favorable regulations, and a wide user base within the country. Moreover, a huge Bitcoin reserve, high trading activity, and institutions like MicroStrategy give the U.S. the potential to lead in Bitcoin adoption.

Besides, countries like El Salvador, Bhutan, and Nigeria are doing well, using different approaches such as leading laws, responsible mining, or encouraging adoption among the public to get ahead. The race is becoming more interesting as Argentina, the UAE, and Russia have also joined in, with corporations helping Bitcoin become more widely acceptable.

As Bitcoin keeps reaching new price milestones and gaining trust, the main issue isn’t who will lead, but how this decentralized asset will transform the world’s financial system. Right now, the U.S. is in the lead, but the position of global Bitcoin superpower could change as new players enter the race.

Also read: Michael Saylor vs. Peter Schiff: Clash of Bitcoin Maxi and Gold Lover

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May 28, 2025 0 comments

NFT Gaming

MARA’s Fred Thiel Says U.S. Should Start Mining Bitcoin to Fill Strategic Reserve

by admin May 27, 2025

LAS VEGAS, Nevada — Marathon Digital Holdings (MARA) CEO Fred Thiel has an idea for how U.S. President Donald Trump’s administration can make good on its promises to build out a strategic bitcoin reserve: start mining.

Speaking on a panel at Bitcoin 2025 in Las Vegas on Tuesday, Thiel said that the U.S. government has many potential ways to generate bitcoin to fill the strategic bitcoin reserve that would adhere to the “budget-neutral” acquisition strategy laid out in Trump’s March executive order, including using excess hydroenergy to mine bitcoin domestically.

Though it’s been nearly three months since Trump authorized the establishment of a strategic bitcoin reserve, it remains unclear exactly how — and when — the government will take steps to actually begin filling it, a source of evident frustration among a number of speakers at the conference.

“I think it’s critical,” Thiel said of acquiring bitcoin for the reserve. “The U.S. making a statement that we’re going to have a strategic reserve is an empty statement unless you start putting stuff into it.”

At this point, the reserve is supposed to hold all of the bitcoin that has been sized by the government in civil and criminal forfeitures — estimated to be approximately 200,000 bitcoins. But many in the industry and government, including Sen. Cynthia Lummis (R-Wyo.), think that getting the government’s existing stockpile of bitcoin into a strategic reserve is merely a first step, to be followed by bigger, more meaningful acquisitions.

In March, Lummis re-introduced legislation — the so-called BITCOIN Act of 2025 — aimed at codifying Trump’s plans for a strategic bitcoin reserve. Under Lummis’ plan, after getting all of the forfeited bitcoin into the reserve, the U.S. government would spend the next two to five years converting a portion of its gold certificates into bitcoin.

“We have enough assets in under performing assets that we can get five percent of the world’s bitcoin without spending a single dime,” Lummis said.

However, Lummis acknowledged that it’s unlikely that any real movement on the BITCOIN Act — or, more broadly, taking any significant steps to fill the strategic reserve with anything other than forfeited assets — will come before Congress works its way through stablecoin and market structure legislation.

“It’s going to be a heavier lift than I thought because so many people don’t understand bitcoin,” Lummis said.

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May 27, 2025 0 comments

Crypto Trends

U.S. Is ‘Going Big’ on Crypto, Treasury Secretary Bessent Says

by admin May 24, 2025

U.S. Treasury Secretary Scott Bessent told Bloomberg earlier this Friday that the world’s largest economy is “going big” on digital assets.

According to Bessent, a lot of companies were “starved” and almost pushed to extinction by the previous administration.

The new administration is focused on promoting crypto growth while applying the highest regulatory standards, according to Bessent.

“So, what we want to do is to apply the highest US regulatory AML standards to digital assets, especially stablecoins,” he stressed.

Speaking of stablecoins, Bessent said that stablecoins could create roughly $2 trillion worth of demand for U.S. Treasuries and Treasury bills over the short term. As of now, for comparison, the number is $300 billion.

As reported by U.Today, Tether CEO Paolo Ardoino recently opined that the USDT stablecoin actually helps to bolster the hegemony of the US dollar.

Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ

by admin May 23, 2025

Major U.S. banks are weighing launching a joint stablecoin to fend off crypto competition.

Financial heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), have held discussion on the subject, the Wall Street Journal reported, citing people familiar with the matter. The talks are still in early stages and could change, the report added.

Within the consortium are also payments ventures owned by these banking powerhouses, like Early Warning Services, which runs Zelle, and The Clearing House, which handles real-time payments.

Stablecoins are cryptocurrencies pegged to the value of another asset like a fiat currency or commodity, can settle transactions in a matter of seconds. Banks see potential in them to improve their operations, with international remittances currently taking days through the traditional system.

One idea floated in the consortium’s talks is a stablecoin model open to other banks beyond the core group. Regional banks have also explored similar paths, the WSJ adds, citing sources familiar with the discussions.

The push comes as Washington inches toward regulation. The Senate recently advanced the Guiding and Establishing National Innovation for U.S. Stablecoin (GENIUS) Act, which Senator Hagerty (R-Tenn) described as one that “establishes the first-ever pro-growth regulatory framework for payment stablecoins.”

The improved regulatory environment has seen crypto firms seek bank charters, further adding pressure to banks.

Some of these large financial institutions have already made their move. Société Générale launched a euro-denominated stablecoin, EURCV, back in 2023 through its crypto arm SG Forge. It’s reportedly now looking to launch a U.S. dollar stablecoin as well.

Read more: U.S. Stablecoin Bill Approval Could Trigger a Long-Term Crypto Bull Market: Bitwise

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May 23, 2025 0 comments