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Crypto Whale DataThis wallet account is Animalverse Club NFTs holder has been Verified

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Crypto Whale Data

@0x1d7a9641dcccfe07c722bede8b3c2221cc19d4caThis wallet account is Animalverse Club NFTs holder has been Verified

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  • SEC clears Trump Media filing, opening door to multi-billion-dollar Bitcoin buy Trump Media and Technology Group, the firm majority-owned by U.S. President Donald Trump that runs his Truth Social platform, said on Friday that the SEC declared effective the registration for its previously-announced Bitcoin treasury plan. The firm's approximately $2.3 billion in capital raised from around 50 institutional investors has thus been unlocked and can be used to purchase BTC at any time. The firm declined to detail how much BTC it plans to acquire in its prospectus, which states that Trump Media "...will acquire its bitcoin and bitcoin-related holdings in the amounts and on the timeline it deems optimal." The prospectus also includes a universal shelf that allows the company to raise up to $12 billion worth of more stock, debt, or warrants at any time. "The Company has no immediate plans to issue any securities under the shelf registration statement," the firm said in a press release. About 84.7 million shares held by early investors are now registered for resale, a block equal to roughly half the public float, and 30% of all shares outstanding. The firm trades on the Nasdaq exchange under the ticker DJT. "TMTG’s bitcoin strategy may also include purchasing bitcoin-related securities or, given certain market conditions, selling bitcoin and investing such proceeds in assets including cash, cash equivalents, or other interest bearing investments," the firm's prospectus states. In addition to Truth Social, the firm operates the Truth+ streaming service and launched Truth.fi, a fintech brand with crypto ambitions, in January of this year. The press release calls Truth.fi "a financial services and FinTech brand incorporating America First investment vehicles."
  • Ethereum Foundation donates $500,000 to Tornado Cash co-founder Roman Storm's defense ahead of July trial The Ethereum Foundation announced a $500,000 donation to support Tornado Cash co-founder Roman Storm's defense as his trial quickly approaches. In a post on X on Friday, the foundation, which supports the Ethereum ecosystem, stated that it had donated the funds and would match "up to a further $750K in donations from the community." "Privacy is normal, and writing code is not a crime," the foundation commented in the post. Storm is raising money for his defense ahead of his upcoming trial on July 14 in New York and has set a goal of $2 million, according to a post on X. In 2023, Storm was charged with conspiracy to commit money laundering and sanctions violations for operating Tornado Cash. He has attempted to dismiss the charges, citing First Amendment violations, and his trial was later postponed. Regarding Tornado Cash, the Department's Office of Foreign Assets Control sanctioned the mixer in 2022, which was later lifted in March of this year. Under the Trump administration, U.S. prosecutors announced in May they would drop a part of Storm's charges related to an allegation of operating an unlicensed money transmitting business. However, they indicated plans to proceed with charges related to money laundering, some connected to unlicensed money transmitting, and another charge concerning a conspiracy to violate the International Emergency Economic Powers Act. Earlier on Friday, Storm appealed for support ahead of his trial. "If I lose, DeFi dies with me," Storm stated in a post on X. "The dream of financial freedom, the code I believed in — it all fades into darkness."
  • Coinbase sees bullish crypto outlook for 2025, but flags ‘systemic risks’ from leveraged corporate bitcoin bets Crypto markets are set for a constructive second half of 2025, underpinned by improved U.S. economic growth expectations, potential Fed rate cuts, rising corporate treasury adoption, and greater regulatory clarity, according to Coinbase Institutional. While risks remain — including a steepening yield curve and potential forced selling pressure from publicly traded crypto vehicles — these appear manageable for now, according to David Duong, Coinbase Institutional's Global Head of Research, who wrote in a report on Thursday. Duong continues to expect more upside in the crypto market over the next three to six months, forecasting new all-time highs for bitcoin in the second half of the year as macro disruption from tariffs fades and pro-growth U.S. policies take shape. However, rising long-term yields, driven by concerns about deficits, could tighten financial conditions and unsettle markets. If growth expectations disappoint, risk assets may face volatility, though store-of-value assets like bitcoin and gold could benefit as the dollar's dominance declines, he said. 'Attack of the clones' A growing number of public companies are embracing bitcoin-backed balance sheets, with 228 firms now holding a combined 820,000 BTC. According to Galaxy Digital, around 20 of these, along with several others holding ETH, SOL, or XRP, are using a leveraged funding model pioneered by Strategy (formerly MicroStrategy). This surge in activity follows a key accounting shift that went into effect in December 2024, when new Financial Accounting Standards Board rules allowed companies to report crypto holdings at fair market value — removing a major hurdle that previously limited them to reporting impairments without unrealized gains under U.S. Generally Accepted Accounting Principles, Duong said. While corporate adoption is rising, Duong warned that the emergence of publicly traded crypto vehicles focused solely on asset accumulation as their primary goal introduces "systemic risks." Many of these firms raise capital through convertible debt to buy crypto, leaving them vulnerable to forced selling during market stress or motivated discretionary selling that could spook investors, he noted. "Ultimately, we think it's unlikely that the downside pressure posed by either risk would mirror what we've seen with some of the failed crypto industry projects in the past," Duong said. "First, most of the debt from these entities will ultimately not mature until late 2029 to early 2030 based on our inventory of outstanding debt across nine entities, suggesting forced selling pressure is not a concern in the very short term. Moreover, so long as the loan-to-value (LTV) ratios stay reasonable, we believe that the largest companies are likely to have access to refinancing methods that may help them navigate the situation without necessarily liquidating their reserve holdings." However, the outlook could change as debts mature or more firms adopt leveraged strategies, Duong acknowledged. With no standard funding model in place, tracking risk is challenging, but corporate interest remains high, and market saturation has not yet been reached. Hence, the accumulation trend still has room to grow in the second half of 2025, he said. On Wednesday, regulated digital asset bank Sygnum also warned that such ownership concentration risks undermine bitcoin's credibility as a central bank reserve asset. Fading recession risks and crypto regulatory clarity Fears of a technical U.S. recession have eased after early 2025 trade disruptions sparked concerns, especially following a slight Q1 GDP contraction, in Duong's view. Furthermore, recent data shows the Atlanta Fed's GDPNow estimate jumping to 3.8% as of June 5, suggesting stronger growth momentum, he noted. The analyst, therefore, believes that a severe recession is unlikely, expecting either a mild slowdown or continued expansion. With global liquidity rising and tariff impacts also fading, Coinbase Institutional sees limited downside for asset prices — reinforcing its bullish view on bitcoin for the remainder of the year, Duong said. The U.S. is also undergoing a major regulatory shift in 2025, with bipartisan momentum behind stablecoin legislation and broader efforts to define crypto market structure, in a dramatic change from the previous administration's "regulation by enforcement" approach, the analyst noted. The GENIUS and STABLE Acts could be unified and passed before the August recess, establishing key rules for reserves, compliance, and consumer protections. Meanwhile, the CLARITY Act aims to clarify SEC and CFTC oversight roles, setting the stage for long-term policy transformation, he said. Separately, the SEC is currently reviewing around 80 pending crypto ETF proposals, including multi-asset funds, staking-enabled products, and single-name altcoin ETFs for cryptocurrencies like Solana, XRP, Litecoin, and Dogecoin. Key decisions on these applications could arrive between July and October, with outcomes likely to shape market dynamics heading into 2026, Duong said. "Despite the risks, we think bitcoin's upward trend is expected to continue," Duong concluded. "That said, although we're confident about bitcoin's trajectory, we think only select altcoins may perform well depending on their idiosyncratic circumstances."
  • SharpLink shares tumble 70% after $425M raise for Ethereum treasury strategy Nasdaq-listed ETH treasury company SharpLink Gaming saw its shares drop over 70% during Thursday's after-hours trading session after it registered a statement allowing the resale of millions of its common shares. According to data from Google Finance, SharpLink shares, SBET, fell 12.25% on Thursday to $32.5, then plummeted over 75% to a low of $8 at one point after markets closed. It has since recovered to $11.15. SharpLink, a sports betting platform, came into the limelight earlier this month when MetaMask developer Consensys led its $425 million private investment to build a corporate treasury based on Ethereum. The firm's sharp drop occurred after the company filed its S-3 registration statement with the Securities and Exchange Commission, which notifies a potential resale of nearly 58.7 million common shares issued to over 100 investors in a private investment in public equity (PIPE) offering. The filing appears to have prompted a sell-off in the stock from anticipation of a major resale, creating a "prisoner's dilemma" dynamic, according to BTCS CEO Charles Allen. After SharpLink's stocks plunged, Consensys CEO and SharpLink Chairman Joseph Lubin explained that traders appear to have misinterpreted the filing. "It registers shares for potential resale by prior investors — the 'Shares Owned After the Offering' column is hypothetical, assuming full sale of registered shares," Lubin wrote on X. "This is standard post-PIPE procedure in TradFi, not an indication of actual sales." Lubin made clear in his X post that neither Consensys nor he sold any shares of SharpLink. Consensys' General Counsel Matt Corva also said Thursday's S-3 was not a unique filing, saying the market sell-off was just a "bunch of FUD" by those who do not understand the process or want to mislead others. "It would be the same as just recognizing that tokens have been minted as part of a smart contract, but it's TradFi tech," Corva said. "The filing doesn't reflect anyone's sales, which may or may not ever happen, I have no idea. But it's a basic filing. Like saying the sky is blue, but now it's officially blue." At the end of last month, SharpLink announced plans to raise up to $1 billion from common share offerings, with proceeds earmarked for purchasing ETH. BTCS CEO Allen suggested a possibility that SharpLink already secured the funds to reveal a $1 billion ether purchase tomorrow — effectively countering the stock's latest losses. "If they played cards right, [they] would expect a surprise PR tomorrow with $1b of ETH purchases," Allen wrote. "Which could light the match to reignite the stock."
  • Democratic senators Warren and Blumenthal push back against Meta’s renewed stablecoin ambitions Democratic Senators Elizabeth Warren and Richard Blumenthal probed Meta CEO Mark Zuckerberg on what they described as "troubling reports" that the Facebook parent may be renewing its stablecoin plans. "Big Tech companies' issuing or controlling their own private currencies, like a stablecoin, would threaten competition across the economy, erode financial privacy, and cede control of the U.S. money supply to monopolistic platforms that have a history of abusing their power," the senators wrote in a letter to Zuckerberg on Wednesday. "Given these significant concerns, and Meta's previous failed attempt at launching a stablecoin, we request information about Meta's plans and deliberations on once again pursuing a stablecoin venture." Meta is reportedly in talks with crypto firms about integrating stablecoins for payments, including small payouts on Instagram to reduce costs compared to fiat currency. The reports follow Meta's recent hire of former Ripple executive Ginger Baker to lead its stablecoin efforts. Ripple launched the RLUSD stablecoin in December. It remains unclear at this stage whether Meta will partner with an existing issuer or launch its own stablecoin. Nevertheless, Meta's pursuit of a stablecoin project raises "serious concerns," Warren and Blumenthal said. The senators argued that if Meta controlled its own stablecoin, it could exploit vast amounts of consumer financial data to fuel invasive advertising, manipulate pricing, or sell information to third parties. With 3.5 billion daily users, Meta could also distort competition by steering users toward its own services and excluding rivals, they said. Warren and Blumenthal argued that stablecoins themselves carry systemic risk, citing the brief depegging of USDC in 2023, which raises concerns about potential taxpayer bailouts. Given Meta's history of privacy violations, compliance issues, and failures to protect users, the senators warned that allowing it to run a private currency could pose serious money laundering, consumer protection, and national security threats. Specifically, they asked Zuckerberg to provide detailed information from Meta about its current stablecoin ambitions, including which companies it has consulted since January 2025, whether it plans to launch or partner on a stablecoin, and which of its platforms might support such payments. They also asked if Meta has lobbied on crypto legislation like the GENIUS Act or STABLE Act and whether it has engaged on provisions that could allow it to bypass restrictions. Additionally, the lawmakers want to know how Meta's new plans differ from its previous Libra and Diem efforts and what steps it has taken to address past regulatory concerns. Answers are requested by June 17. Facebook's doomed Libra stablecoin project Facebook's Libra project, launched in 2019, previously attempted to create a global stablecoin backed by a basket of fiat currencies and governed by the Libra Association — a consortium of major firms including Visa, Mastercard, PayPal, Stripe, Uber, and Spotify. Spearheaded by David Marcus — now CEO of Bitcoin Lightning Network infrastructure firm Lightspark — Libra aimed to bring low-cost, borderless payments to billions, particularly the unbanked. However, it quickly drew intense regulatory backlash over fears of monetary disruption, data privacy, and corporate overreach. Key founding members exited, and by 2020, the project rebranded as Diem and scaled down its ambitions. Despite these efforts, Diem ultimately shut down in 2022 after failing to gain regulatory approval in the U.S., and its intellectual property was sold off to Silvergate Bank, which later went into bankruptcy. However, the project lives on in new-generation blockchains like Aptos and Sui, which are built using Diem's bespoke MOVE programming language without Meta's involvement. Now, under the pro-crypto second Trump administration, the regulatory climate appears markedly more receptive to digital assets, especially stablecoins, with Treasury Secretary Scott Bessent stating at a Senate hearing on Wednesday that the U.S. dollar stablecoin market, backed by U.S. treasuries or T-bills, could surpass $2 trillion in the next three years, provided there is legislative support. Earlier in the day, the U.S. Senate voted to move forward with the GENIUS Act stablecoin bill, pushing it closer to a final vote. "[The GENIUS Act] would allow Big Tech companies like Meta to issue their own stablecoins — making it more critical than ever that Congress and the public fully understand the extent of Meta's plans," Warren and Blumenthal said in the letter. As a result, not just Meta, but a slew of Big Tech firms, including Apple, X, Airbnb, Google, and Uber, are once again exploring stablecoin adoption, while Stripe, Visa, and Mastercard are at more advanced stages in integrating the technology. Although its stablecoin ambitions may only now be resurfacing again, Meta has maintained its interest in the crypto industry during the intervening years. The firm submitted trademark applications in 2022 and 2023 for digital asset-related projects, such as crypto trading, blockchain-focused hardware, and digital asset exchange services.
  • Ethereum Foundation outlines key security challenges facing the network in new report The Ethereum Foundation has identified six key areas for improvement in its initial Trillion Dollar Security report as the organization adopts a more deliberate approach to strengthening the largest blockchain in decentralized finance. The overview listed user experience, smart contract vulnerabilities, infrastructure and cloud dependencies, consensus protocol strength, monitoring and incident response governance as critical spheres requiring attention. Next, the EF will prioritize certain areas to tackle the highlighted issues. “This first report is focused on identifying and mapping the problems and challenges that remain,” a blog post from the foundation said. “The next step will be to choose the highest priority issues, identify solutions, and work with the ecosystem to address them.” The findings, discovered through the 1TS initiative launched in mid-May, are part of a three-part strategy to enhance Ethereum’s security architecture and meet global financial demands. Besides identifying vulnerabilities and addressing high-risk loopholes, the initiative emphasizes improving information flow within Ethereum’s ecosystem. 1TS preceded a shake-up at EF’s Protocol research and development division. Earlier this month, the foundation announced layoffs and management changes in its protocol research and development division to streamline operations. Additionally, the EF recently appointed long-serving EF member and former executive director, Aya Miyaguchi, as the new foundation president. It also unveiled a reformed treasury management model to optimize spending. These moves appeared to address recent community criticism regarding the foundation’s direction and perceived delays in research progress.
  • XRP Ledger devs plan sidechain launch in Q2 for Ethereum compatibility The XRP Ledger, a blockchain associated with cross-border payments firm Ripple, plans to launch an Ethereum Virtual Machine (EVM) sidechain in the second quarter of this year, aiming to integrate Ethereum smart contracts into its ecosystem. Ripple's Chief Technology Officer, David Schwartz, announced the sidechain launch timeline at the ongoing Apex 2025 event in Singapore, according to Peersyst, one of the project's core developers. The sidechain, a parallel-running blockchain, will integrate the XRP Ledger's low-cost transaction capabilities with Ethereum's smart contract functionality. It is being developed by contributors Ripple and Peersyst, leveraging evmOS' software stack. It is currently live on testnet, serving as a precursor to a mainnet launch expected to follow after further testing and validator partnerships in the second quarter. While the XRP Ledger already supports native smart contracts, the network does not currently support the EVM, a computing environment commonly used by Ethereum developers to write applications. Flare Network, which integrates with XRPL, also separately provides smart contract functionality using an EVM-compatible layer. The sidechain is set to connect to the XRPL mainnet via a bridge, utilizing Axelar as the exclusive bridge for transferring assets such as wrapped XRP, which will serve as the native gas token.
  • French bank Societe Generale to launch US dollar-pegged stablecoin on Ethereum and Solana French banking giant Societe Generale announced plans to launch a U.S. dollar-pegged stablecoin called USD CoinVertible (USDCV) on Ethereum and Solana, potentially becoming the first major European bank to do so. The USDCV coin will be issued through SG-Forge, Societe Generale’s crypto-focused subsidiary, with custody services provided by New York-based BNY Mellon, according to a statement released Tuesday. USDCV follows SG-Forge’s euro-denominated stablecoin EURCV, which debuted in April 2023. SG-Forge CEO Jean-Marc Stenger said that creating a dollar-backed product was an “obvious next step,” driven by the overwhelming dominance of U.S. dollars in the global stablecoin market. “The stablecoin market remains largely US dollar-denominated,” Stenger remarked. “This new currency will enable our clients, either institutions, corporates, or retail investors, to leverage the benefits of an institutional-grade stablecoin.” Both fiat-pegged crypto coins issued by SG-Forge comply with Europe’s Markets in Crypto-Assets (MiCA) regulations as authorized Electronic-Money Tokens (EMTs). MiCA, which went into effect in June 2023, provides a unified regulatory framework for digital assets across European jurisdictions. Regulation and stablecoin boom USDCV’s announcement aligns with growing interest from traditional financial institutions globally. A recent Wall Street Journal report noted major U.S. banks exploring a joint stablecoin venture. Stripe co-founder John Collison also said several banks were "very interested" in stablecoin integration. Meanwhile, the stablecoin market surpassed $250 billion for the first time earlier this month, led by Tether (USDT) and Circle (USDC), according to The Block’s data. Also, regulation has seen progress in the U.S. and worldwide. Policymakers in Washington have advanced the GENIUS Act despite controversy over President Donald Trump’s crypto ties. South Korean rulemakers also proposed a stablecoin licensing process in a new crypto bill.
  • SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value' U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value." In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration. "The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities." Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force. The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities. Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules. "I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future." Atkins also said he asked SEC staff to look into next steps. "I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.
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