1. Trump Plans to Launch Crypto ETF
Trump Media & Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with the crypto trading platform Crypto.com, planning to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, expected to officially launch in 2025, pending the signing of a final agreement and regulatory approval. The new fund will be supported by Crypto.com for technology and crypto asset custody, covering cryptocurrencies such as Bitcoin and Cronos, and will also include securities assets related to the "Made in America" theme, covering multiple industries including energy. TMTG plans to use up to $250 million of its own funds for investment, with funds held by Charles Schwab. -Original
2. Senator Warren Pressures SEC Nominee
Senator Elizabeth Warren, known for opposing most of the crypto industry, sent a 34-page letter to Paul Atkins before Thursday's nomination hearing. Atkins founded the consulting firm Patomak Global Partners in 2009. The firm's clients include banks, cryptocurrency exchanges, and DeFi platforms. -Original
3. U.S. to Sue Musk for DOGE Fraud
4. Bhutan Government Transfers Bitcoin
In the past hour, the Bhutan government transferred 721.46 BTC to three new wallets, worth approximately $63.24 million. -Original
5. Strategy Increases Bitcoin Holdings
Odaily Planet Daily reports: Strategy disclosed that it has increased its holdings by 6,911 BTC, bringing its total Bitcoin holdings to over 500,000 BTC. -Original
6. Ohio Lawmakers Plan to Establish Bitcoin Reserves
7. SEC Proposes to Establish Cryptocurrency Working Group
According to an announcement from the U.S. Securities and Exchange Commission (SEC), it supports the implementation of the "SEC Crypto 2.0" plan to establish a new presidential cryptocurrency working group. The document states, "The SEC should clarify that the trading of digital asset securities (including on-chain and off-chain) must comply with the same trading reporting requirements as traditional securities. Protect retail investors, provide legal certainty for financial transactions, and promote financial innovation while ensuring market integrity." The SEC recommends: strengthening off-chain trading regulation, establishing investor protection and market structure norms for digital asset securities activities facilitated by trading platforms through off-chain trading; improving trading reporting mechanisms, and to fulfill market oversight responsibilities, the SEC should amend the Securities Exchange Act rules to require timely reporting of all transactions considered digital asset securities; establishing a cross-agency digital asset trading repository (DART), the SEC should collaborate with the Commodity Futures Trading Commission (CFTC) to jointly authorize and regulate a Digital Asset Repository of Transactions (DART). -Original
8. Standard Chartered Tests Bitcoin as a Tesla Alternative
Standard Chartered's hypothetical "Mag 7B" index (replacing Tesla with Bitcoin) achieved higher returns and lower volatility than the original lineup. The bank stated that Bitcoin is more closely correlated with the Nasdaq than with gold and may be included in a basket of large tech stocks. -Original
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