Nasdaq-listed SRM Entertainment is set to launch a Tron corporate treasury of up to $210 million and change its name to Tron Inc., the company announced on Monday. According to the announcement, SRM entered a securities purchase agreement with a private investor for a $100 million equity investment to fund its Tron (TRX) treasury strategy. … Read more
The sudden rise and fall of Dough Finance In July 2024, Dough Finance, a Florida-based DeFi platform promising leveraged “looping” returns, fell prey to a flash-loan exploit that drained $2.5 million from user accounts. The exploit not only wiped out investor funds but also brought operations to a halt. Chase Herro and Zak Folkman founded … Read more
Several ecosystem-specific developments are already in the pipeline and are expected to drive volatility for select tokens this week. The topics range from industry regulation to crypto airdrops, proposal implementations, and product market debuts. Forward-looking investors can front-run the following events to capitalize on expected volatility this week. Arbitrum’s DeFi Renaissance Incentive Program Arbitrum’s DeFi … Read more
The Ukraine-Russia War has shaken up the world in many ways. For the Nordic countries, two of which share borders with Russia (Finland and Norway), a military invasion is no longer unthinkable. For Sweden, it may also be prompting second thoughts about its “cashless society.” According to a recent report in The Guardian, Sweden is … Read more
Key Points: Truth Social files Bitcoin and Ethereum ETF with SEC. Targets NYSE Arca listing. Major movement into cryptocurrencies by public companies. Truth Social, under Trump Media & Technology Group, officially registered a Bitcoin and Ethereum ETF with the U.S. Securities and Exchange Commission on June 16, 2025, paving the way for potential listing on … Read more
Cointelegraph is evolving from industry commentary to active participation in securing Web3 with the launch of the Cointelegraph Decentralization Guardians (CTDG) initiative, debuting live, institutional-grade validators on major blockchains including Solana, Chiliz, Polkadot, Coreum, Canton and Mantra. Introducing CTDG: Infrastructure meets Web3 clout The CTDG initiative functions as a multi-faceted program that combines running high-performance … Read more
The Tron blockchain is reportedly planning a backdoor entry to the US public markets through a reverse merger with SRM Entertainment, a Nasdaq-listed company, the Financial Times reported on June 16. If completed, the merger would create a new company, Tron Inc., holding large amounts of TRX, Tron’s native token. The report also suggested that … Read more
US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether. Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm … Read more
A new report from the Financial Times (FT) says crypto asset and blockchain infrastructure outfit Tron has its sights set on going public in the U.S. According to FT, two individuals “briefed on the matter” spilled the beans about Tron’s push to become a publicly traded company. Tron Targets Public Debut as Circle and Gemini … Read more
The Canadian Dollar (CAD) retains a firm undertone against a generally softer US Dollar (USD). The CAD’s performance since the outbreak of Israel/Iran hostilities last week is fairly middling among the major currencies, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret note. Little scope for counter trend corrections “The NOK and MXN are relative … Read more