The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! Just when you thought all the president's crypto news was out, he pulls you back in — this time via Trump Media.
In today's newsletter, the Trump Media & Technology Group is set to launch a fintech brand called Truth.Fi, and plans to invest $250 million into various financial assets, including cryptocurrencies. Plus, Robinhood teases the launch of bitcoin futures trading, crypto-hostile former SEC Chair Gary Gensler returns to MIT and more.
Meanwhile, U.S. lawmakers press Commerce Secretary nominee Howard Lutnick on Tether and illicit finance concerns.
Let's get started.
Trump Media & Technology Group has launched a fintech venture called Truth.Fi, aiming to invest up to $250 million in bitcoin, similar cryptocurrencies or crypto-related securities, ETFs and other financial assets.
Popular retail platform Robinhood teased the launch of bitcoin, ether, oil and gold futures trading on Wednesday alongside S&P 500, USD and EUR futures, facilitated by the CME Group.
Former SEC Chair Gary Gensler has returned to MIT as a professor of the practice in both the global economics and management group and the finance group after departing the agency on President Trump's Inauguration Day.
Czech National Bank Governor Aleš Michl will submit a plan to allocate as much as 5% of the bank's $146 billion reserves to bitcoin on Thursday, the Financial Times reported.
ai16z, an open-source platform for building and managing AI agents, has rebranded to ElizaOS to avoid confusion with venture capital firm a16z and strengthen its collaboration with "established players."
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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