Trump Media & Technology Group (TMTG) has forcefully denied a report from the Financial Times claiming the company is planning to raise $3 billion to purchase Bitcoin and other cryptocurrencies. According to the FT article published Monday, the alleged capital raise would be funded through share sales, citing six anonymous sources. The report linked the crypto investment plan to Trump Media’s broader ambitions in the blockchain space. But in a sharp rebuke, TMTG dismissed the story entirely. “Apparently, the Financial Times has dumb writers listening to even dumber sources,” the company said in a statement shared with The Block. Crypto…
Author: Blockto Team
The Blockchain Group, a France-based tech consulting firm, has announced the successful completion of convertible bond issuances worth €63.3 million ($72 million) to fund further Bitcoin (BTC) accumulation, signaling a deepening commitment to its Bitcoin treasury strategy. In a statement released Monday, the company said the capital will be used to purchase approximately 590 additional BTC, aiming to raise its total Bitcoin holdings to over 1,400 BTC. Bitcoin Strategy Pays Off The move follows a March purchase of 580 BTC, the firm’s largest single acquisition to date. Since adopting its Bitcoin accumulation strategy, The Blockchain Group’s stock price has more…
U.S. House Speaker Mike Johnson has downplayed concerns surrounding former President Donald Trump’s private dinner with top holders of his memecoin, deflecting transparency questions during a May 25 CNN interview. Questions Raised Over Transparency and Foreign Influence CNN’s Jake Tapper pressed Johnson over the lack of information regarding who attended Trump’s crypto fundraising dinner, and whether any of the funding or memecoin holdings were linked to foreign entities. “We do not know who was there. The list has not been released. We do not know how much of the money came from outside the country,” Tapper said, challenging the Speaker’s…
Trump Media and Technology Group (DJT) is reportedly planning a massive $3 billion capital raise to invest in crypto assets, according to a Financial Times report published Monday. The move would position the firm alongside a growing list of public companies diving into digital assets, echoing the playbook of MicroStrategy’s Michael Saylor. Strategic Timing: Announcement May Coincide with Bitcoin 2025 Conference Sources say the capital raise — which may include a combination of equity financing and convertible bond issuance — could be officially announced at the Bitcoin 2025 conference in Las Vegas this week. The high-profile event serves as an…
Dubai’s Land Department (DLD) has officially launched its first real estate tokenization platform, aiming to digitize $16 billion worth of property on the XRP Ledger by 2033. This government-backed initiative marks a major leap toward integrating blockchain technology into the region’s booming real estate sector. Prypco Mint Enables Fractional Property Ownership The new platform, called Prypco Mint, was developed in partnership with fintech startup Prypco and blockchain infrastructure provider Ctrl Alt. It enables users to purchase fractional ownership in Dubai real estate, with investments starting from as low as 2,000 dirhams (approximately $540). The title deeds are tokenized on the…
Decentralized artificial intelligence (AI) is emerging as the next revolutionary shift in technology, and it could potentially outgrow Bitcoin’s impact, according to Chris Miglino, CEO and co-founder of DNA Fund. Bittensor Ecosystem Driving the Decentralized AI Boom Miglino highlighted platforms like Bittensor (TAO) — currently priced at $438.21 — as key enablers in this movement. These platforms are reshaping how innovation is funded, built, and scaled, without relying on institutional venture capital. “Develop on the ecosystem, get validators that believe in your idea… and all of a sudden you’re in business,” said Miglino.“You don’t need to go out and raise…
Ethereum (ETH) has made a strong upward move, climbing over 5% to surpass the critical $2,550 resistance level, fueled by renewed institutional interest and bullish technical signals. $2,550 Support Established as ETH Targets $2,800 According to CoinDesk Research, Ethereum surged from $2,510 to a high of $2,597, forming strong support at $2,550. The breakout was backed by above-average trading volume, signaling robust market participation. “This price action reflects a shift in momentum, with Ethereum now eyeing the $2,800 target zone,” analysts reported. The price zone around $2,500–$2,550 had previously acted as resistance, but the recent breakout has now turned it…
In an unexpected twist, cryptocurrency has taken center stage in South Korea’s snap presidential election, with veteran capital entering the crypto market and older generations joining younger voters in shaping the future of digital assets in the country. Candidates Compete for Crypto-Friendly Voter Base All three leading candidates — Lee Jae-myung, Kim Moon-soo, and Lee Jun-seok — have embraced pro-crypto platforms, seeking to capitalize on the country’s surging interest in digital assets. “The political sphere has actively embraced cryptocurrencies as a key campaign agenda,” said Park Sung-jun, head of the Blockchain Research Center at Dongguk University. Their proposals include: Election…
A crypto investor has fallen victim to a sophisticated phishing scam, losing a staggering $2.6 million in stablecoins within just three hours. The incident is yet another stark reminder of the growing threat of onchain fraud in the decentralized finance ecosystem. Two Scams, One Day — $2.6 Million Gone On May 26, crypto compliance firm Cyvers revealed that a single wallet address sent $843,000 worth of USDt (Tether) in an unauthorized transaction — only to lose another $1.75 million USDt just hours later. Both transfers occurred without the victim’s active consent, highlighting a clever form of phishing known as zero-value…
As the U.S. Senate edges closer to passing a long-awaited stablecoin regulation bill, political tensions are intensifying—with President Donald Trump’s alleged crypto ties under fresh scrutiny. Stablecoin Legislation Hits Final Stretch — But Faces Political Fireworks The bipartisan stablecoin bill, which aims to provide a clear regulatory framework for U.S. dollar-backed digital assets, has entered its final stages of Senate debate. However, hopes for a quick vote have been stalled as Democrats continue to spotlight Trump’s crypto connections, threatening to introduce an amendment targeting the former president’s involvement in the digital asset space. “This debate isn’t just about stablecoins anymore…