Trump Media Plans to Raise $3 Billion for Crypto Acquisition
According to the Financial Times, Trump Media is seeking $3 billion in funding for digital asset acquisitions. The company is aiming for $2 billion in new capital and a $1 billion convertible bond issuance. The Trump family-owned media group has been actively involved in the crypto sector in recent months.
TMTG previously announced a fintech platform called Truth.fi focused on Bitcoin and signed a deal for digital asset ETFs. The Trump family is also increasing its influence in the crypto world by supporting DeFi projects with NFT cards, meme coins called TRUMP and MELANIA. According to the FT, this move could be the company’s biggest preparation for direct crypto acquisitions. Trump’s recent close contact with crypto investors also points to a strategic shift towards the digital asset space ahead of the election.
Dubai Begins $16 Billion Real Estate Tokenization with XRP Ledger
The Dubai Lands Department has selected XRP Ledger (XRPL) for its real estate tokenization project. The project, carried out in partnership with Ctrl Alt, Prypco and Dubai Future Foundation, will integrate title deeds into the blockchain and combine the traditional registration system with the digital infrastructure.
With the Prypco Mint platform, investors will be able to own a portion of the property for just AED 2,000. More than 3,000 investors have already expressed interest in the project. The goal is to tokenize $16 billion in real estate transactions by 2033. XRPL’s low transaction fees and fast infrastructure were preferred due to its regulatory compliance.
SEC Discusses New Regulations for Tokenization
The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force assessed the potential use cases of security tokenization and public blockchains in three separate meetings held with Nasdaq, Plume Network, and Etherealize last week.
Nasdaq argued that tokenized stocks and bonds should remain under current registration rules, while proposing a new “ATS-Digital” trading platform specifically for digital assets. It also called for a joint safe harbor framework with the CFTC.
Arbitrum-based Plume Network argued that decentralized chains are the most suitable infrastructure for tokenized assets, and proposed a sandbox adapted for the SEC’s 1933 and 1934 Acts. Etherealize, on the other hand, stated that the current transfer agent rules conflict with blockchain and requested trial programs for processes such as dividends and voting rights managed with smart contracts.
Strategy Purchases 4,020 More Bitcoin for $427 Million
Strategy bought 4,020 more BTC last week, bringing its total Bitcoin holdings to 580,250 BTC. This purchase was made for approximately $427.1 million at an average cost of $106,237. The company’s total Bitcoin cost has reached approximately $40.6 billion, while it has a paper profit of $22.7 billion at current prices.
This purchase was financed with the proceeds from the company’s sale of new 10% preferred stock called STRF. Strategy also recently raised additional funds by selling MSTR and STRK shares. CEO Michael Saylor signaled that the purchases would continue, saying, “I will only buy Bitcoin with money I can afford to lose.”
World Liberty Advisor Appointed as Prime Minister’s Advisor in Pakistan
Pakistan has appointed Bilal bin Saqib as the prime minister’s special advisor on blockchain and cryptocurrency to guide its crypto policies. Bin Saqib, who is also an advisor to World Liberty Financial, serves as CEO of the Pakistan Crypto Council.
The government will allocate 2,000 MW of excess electricity to Bitcoin mining for artificial intelligence and mining centers. The plan is designed to create new jobs and attract foreign investment. However, Bin Saqib’s involvement with the controversial and Trump-linked World Liberty project has made the country’s crypto expansion controversial.
French Blockchain Group to Buy 590 More BTC in Bond Sale
Paris-based Blockchain Group announced plans to buy 590 more Bitcoins through a 63.3 million euro ($72 million) bond sale. The move will bring the company’s total BTC holdings to 1,437. The company will allocate 95% of the funds raised to Bitcoin purchases, with the rest to operational expenses and management fees.
ALTBG shares, which rose 765% in 2024, have gained 225% since the company made its first BTC purchase in November 2023. The company’s long-term goal is to own 1% of the total Bitcoin supply in eight years. This development shows that institutional firms are rapidly adopting BTC as a reserve asset.
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BITCOIN (BTC)
BTC is traded at $ 108,680 as of the morning hours with a 0.69% gain. Bitcoin is moving horizontally at 108,730 levels with the selling pressure coming from 111,861 levels. 107,319 level stands out as short-term support. If it declines below this level, the 105,778 and 101,315 supports can be gradually tested. The 111,861 resistance is a major barrier in upward pricing. In general, BTC is stuck in the 107,300–111,800 band, and a volume breakout outside this band may determine the short-term direction.
ETHEREUM(ETH)
ETH is priced at $2,554 with a 0.38% increase in value as of the morning hours. Ethereum is trading in a horizontal squeeze at 2,555 levels. The 2,400–2,700 band has been protected for a while, but a breakout outside of this band has not yet occurred. Closes above 2,700 could support the buying movement, while closes below 2,400 could accelerate the decline. The price being at the midpoint necessitates a cautious approach in trading strategies. It will be important for the increase in transaction volume to confirm the direction of the band being thrown out.
RIPPLE(XRP)
XRP is traded at $ 2.2885 with a loss of 0.27% as of the morning hours. The XRP price has fallen to 2.2873 levels and continues the downtrend that started at 2.3630. The 2.2330 and 2.2500 range stands out as the critical support area. If it falls below this area, the 2.1139 level will be the next major support. For an upward recovery, the 2.3630 resistance must be overcome in the first stage. The outlook reflects a weak structure for now, but the downtrend may continue as long as it remains below support.
AVALANCHE(AVAX)
AVAX is traded at $23.40 with a 1.43% increase in value as of the morning hours. AVAX price is trading just below the horizontal resistance at 23.46. This area has worked as both support and resistance in the past, which increases the importance of the area. In an upward breakout, the 25.12 level can be watched as the next target. However, in the current situation, as long as the 23.46 area is not breached, the upward momentum may remain limited. In possible pullbacks, the 21.03 level can be watched as support. The horizontalization of the structure shows that the decision is in the process of being made and the direction will become clear according to the breakdown.
SOLANA(SOL)
SOL is traded at $172.52 with a 1.78% increase in value as of the morning hours. Solana has pulled back to 172.77 levels along with the resistance it receives from 176.27. The price is seen to be stuck between both 168.00 and 176.27 levels. This range can be evaluated as a short-term consolidation zone. If the 168.00 support is broken, there is a potential for a pullback to 144.87. Above, 184.94 is a strong resistance. For the clear direction, a break outside the horizontal band should be expected.
