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According to the latest report, Anatoly Legkodymov, co-founder of crypto platform Bitzlato, has officially requested a pardon from United States President Donald Trump. Legkodymov, a Russian national, was arrested and charged with operating an unlicensed money transmitting business through his cryptocurrency platform, Bitzlato.

After his arrest in January 2023, Legkodymov submitted a guilty plea to one charge of running an unlicensed money-transmitting business in December 2023. On July 18, 2024, a US Judge sentenced the defunct crypto exchange co-founder to time served after spending 18 months in detention at Brooklyn’s Metropolitan Detention Centre (MDC).

Co-Founder Seeks Pardon To Avoid French Extradition? 

In a July 11 report by a Russian media outlet, Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, revealed that Legkodymov has officially asked Trump for a federal pardon. According to Melnikov, this move comes as the French authorities try to extradite the Bitzlato co-founder to France.

Reports suggest that the French authorities are trying to extradite Legkodymov to face similar charges of operating an unlicensed money-transmitting business. The Russian engineer faces up to 20 years in France for allowing the transfer of significant funds connected to cyber crimes and attacks.

Melnikov told the Russian outlet:

Anatoly is not a criminal; he became a target in a political campaign against the crypto market and talented Russian programmers. His decision to ask for a pardon is based on the hope that the US will return to a more balanced and fair approach to digital finance, and that the US and Russia will gradually build dialogue.

This request might be more strategic than random, considering that Trump has issued roughly 58 presidential pardons since taking the Oval Office in January. Notably, the US President pardoned the Silk Road founder Ross Ulbricht, who was facing two life sentences in federal prison.

Has Crypto Completely Won Trump’s Heart?

Ross Ulbricht is only one of numerous crypto figures to have received federal pardons from Trump in the past few months. Four former executives of crypto exchange BitMEX, namely Arthur Hayes, Benjamin Delo, Gregory Dwyer, and Samuel Reed, also received pardons from the president.

Earlier in May, former Binance CEO Changpeng “CZ” Zhao revealed that he applied for a pardon from Trump after serving jail time as part of his plea deal with the US Department of Justice. Recent reports suggest that the CEO of the now-defunct FTX exchange Sam Bankman-Fried is also trying to secure a federal pardon from the US President.

Ripple CEO Brad Garlinghouse has discussed the current state of the stablecoin industry and how much the industry could be worth in the next few years. He also commented on why his firm’s RLUSD stablecoin has the potential to dominate the market at some point. 

Ripple CEO Breaks Silence On Stablecoin Market Growth

In a CNBC interview, the Ripple CEO noted that the stablecoin market is worth around $250 billion and that many predict that it could grow to between $1 trillion and $2 trillion over the next few years. He further remarked that the growth of these stablecoins has been profound. Tether’s USDT currently leads the way with a market cap of almost $160 billion. 

Indeed, experts like the US Treasury Secretary, Scott Bessent, have predicted that stablecoins could reach $2 trillion over the coming years. Bessent also recently alluded to reports that stablecoins could grow into a $3.7 trillion market by the end of the decade. He believes this is more likely with regulations like the GENIUS Act. 

Ripple CEO Brad Garlinghouse is a stakeholder in the stablecoin market, as his firm is the issuer of the RLUSD stablecoin. Garlinghouse admitted that they joined the market relatively late, although they had already been using stablecoins in their payment flows for institutional customers. He indicated that this was what prompted the move to issue the RLUSD stablecoin, in order to serve their clients better. 

Garlinghouse is confident that the RLUSD stablecoin will benefit from the growth ahead, especially as they continue to serve their institutional clients. Meanwhile, the Ripple CEO noted how the stablecoin has already crossed the $500 million market cap milestone in just a few months since its launch. CoinMarketCap data shows that the stablecoin’s market cap is up over 3% in the last 24 hours, reaching $517 million. 

Plans To Grow The RLUSD Stablecoin

As part of the plans to grow the RLUSD stablecoin, Ripple has applied for a national banking license with the OCC. If approved, the company’s stablecoin will be subject to the regulatory purview of the US Office of the Comptroller of the Currency (OCC) and the New York Department of Financial Services (NYDFS). The Ripple CEO stated that the dual nature of that regulation is a new and unique benchmark for trust in the stablecoin market. 

Garlinghouse again commented on this move during the CNBC interview. The Ripple CEO noted that his firm has been focused on compliance and adhering to existing regulations. He suggested that the RLUSD stablecoin is on course to become the most regulated stablecoin, which would give them an edge in the stablecoin market. 

Meanwhile, it is worth noting that Ripple has partnered with BNY Mellon to custody RLUSD’s USD reserves. The crypto firm is confident that this would further build trust in its stablecoin.

The legal team of asset management firm Grayscale called out the United States Securities and Exchange Commission (SEC) on its decision to delay the listing of the firm’s Digital Large Cap Fund (GDLC) on the New York Stock Exchange. 

As Bitcoinist reported earlier, the conversion of GDLC, which contains Bitcoin, Ether, XRP, Solana, and Cardano, into an exchange-traded fund (ETF) was “stayed” indefinitely 24 hours after the SEC’s Division of Trading & Markets approved the fund’s listing.

Grayscale To Petition SEC On Multi-Asset ETF

In a July 8 letter, the Grayscale attorneys expressed their displeasure at the decision of the Office of the Secretary to delay the conversion of the GDLC to an ETF. According to the commission, the purpose of this “stay” decision is to review the delegated action of listing Grayscale’s Digital Large Cap Fund on the New York Stock Exchange.

Bloomberg Intelligence ETF analyst James Seyffart posited, at the time the news of the delay broke out, that the SEC could be holding out on all multi-coin ETF launches till it completes a comprehensive digital-asset ETP framework. “The 2nd theory is that there’s something the SEC wants to work on in relation to a specific aspect of $GDLC itself (like its structure?) The 19b-4 approval order comes from the division of Trading & Markets. Perhaps another division isn’t ready to let this convert just yet,” Seyffart added at the time.

However, the messaging of Grayscale’s letter suggested that the asset manager’s patience is running thin with the commission. The attorneys of Grayscale hinted that the parties involved in the conversion are considering submitting a petition requesting that the stay on the GDLC listing be lifted temporarily.

The letter read: 

The consequences of a failure to meet the statutory approval or disapproval deadline, regardless of the reason, are clear: under Section 19(b)(2)(D), the rule proposal is deemed approved. Grayscale, the Exchange and the Fund’s current investors are suffering harm as a result of the delay in public launch of the Fund, and Grayscale and the Exchange are therefore considering whether to file a petition requesting the Commission to lift the stay imposed by Rule 431(e) while the Commission reviews the action taken by delegated authority, so that the Fund may promptly launch while that review proceeds.

Grayscale concluded the letter by acknowledging the progress made by the Commission regarding regulatory clarity in the digital asset industry. “Grayscale appreciates the Commission’s efforts to provide regulatory clarity and intends to continue to engage cooperatively with the Commission in furtherance of the shared goal of regulatory clarity and to serve as a resource to the Commission on crypto-related matters,” the asset manager added.

GDLC ETF Launch Just A Matter Of Time: Expert

Scott Johnsson, an expert in finance law, shared their opinion on the developments between Grayscale and the US SEC regarding the Digital Large Cap Fund’s conversion. Despite the somewhat technical complexities, the finance expert expects the GDLC to launch as an exchange-traded fund in due time.

Johnsson said on X:

Given Grayscale was suggesting they had productive talks with the SEC prior to approval, and they had made extensive amendments to the rule proposal in line with those discussions, my guess is the Rule 431 application was a parting gift from Crenshaw acting unilaterally. SEC then had to deal with the mess. This is going to launch, its just a matter of when imo.

While the Bitcoin and Ethereum spot exchange-traded funds started trading in 2024, the US SEC is still sitting on a group of ETF applications for other crypto assets, including Solana, XRP, DOGE — to name a few.

One crypto investor has stunned many with the revelation of a once-in-a-lifetime missed opportunity with Shiba Inu. The investor, who goes by the name Rick Primes on the social media platform X, shared that he once held a staggering 2.1% of the total Shiba Inu (SHIB) supply, only to exit the market far too early and fumble a potential $882 million bag during Shiba Inu’s price peak.

Early Shiba Inu Investor Loses Out On Massive Bag

Shiba Inu’s journey from obscure meme coin to the most popular meme coin is one of the most well-known stories from the 2021 bull market. Although Shiba Inu was created as a funny response to Dogecoin, the most popular meme coin at the time, it eventually gathered an enormous community on the internet and attracted billions in investment capital. 

Between January and October 2021, SHIB posted one of the most explosive returns in crypto history, surging by more than 100,000% at its peak. Those who entered early and held their positions during this parabolic phase were able to turn mere hundreds of dollars into millions. The frenzy reached its climax when Shiba Inu temporarily entered the top 10 cryptocurrencies by market cap.

Among those who allegedly invested early is a social media user that goes by the name Rick Primes on X. His interesting revelation regarding Shiba Inu was made in response to another trader recalling his own costly misstep with PEPE by selling his own 3% of the total PEPE supply very early for just $100,000.

Rick Primes recalled his story as part of a broader discussion thread asking users to recount their worst fumbles in the crypto market. According to him, he initially owned 2.1% of Shiba Inu’s total supply during the early stages of the token’s launch. However, he ended up selling that position long before SHIB began its crazy ascent. After liquidating the initial holding, he reentered the market to hold about 0.8% of the supply and later exited again for a modest profit in the range of $20 million to $30 million. 

The pain lies not in that gain he made, but in what could have been. Had he held the full 2.1% supply through to Shiba Inu’s all-time high price of $0.00008616 in October 2021, the value would have reached as high as $882 million.

Shiba Inu Price Today

Save for a few spikes here and there, the meme coin niche has been relatively quiet this cycle. Although the current market cycle is less euphoric than the 2021 run, Shiba Inu and its investor community still have a strong presence in the crypto industry.

At the time of writing, SHIB is trading at $0.00001335, which is an increase of about 16.3% in the past seven days. However, the meme coin could have a tough time breaking above a strong resistance around $0.0000135, where it was rejected in June.

Featured image from Unsplash, chart from TradingView

Tether, the operator of the world’s largest stablecoin, has announced plans to disable USDT support on five legacy blockchains citing a shift in the company’s business strategy. This development comes as Tether aims to expand support for layer-2 blockchains which show high potential of adoption and ecosystem growth.

Tether To End USDT Support On Omni Layer, Algorand, Others 

In a news post on July 11, Tether shared plans to scrap USDT operations of five blockchains namely – Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The stablecoin issuer which operates out of the British Virgin Islands has attributed this decision to a strategic infrastructure review. 

Tether explains that terminating USDT support on these legacy blockchains aims at aligning with evolving user behavior and shifting efforts towards growing dominance of more scalable, actively developed blockchain ecosystems. It is worth noting that this decision was made following a deep study of blockchain usage data, market trends and valuable stakeholder community feedback. Paolo Adoino, CEO of Tether, shares more insight on latest directive saying,

As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it; sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption.

The Omni Layer, in particular, holds historical significance as the first protocol used to launch the USDT in 2014. However, usage on Omni and similar networks has sharply dropped, with attention shifting to versatile alternatives like Ethereum and Tron, thereby backing the market shift from the underutilized blockchains. Furthermore, Tether’s directive also reflects a growing commitment to Layer 2 solutions e.g. the Lightning Network, which offer enhanced transaction throughput and lower fees. The stablecoin operator plans to expand USDT utility across new-generation blockchains that show strong potential for scalability, and user growth. All Tether customers are advised to redeem their USDT holdings on Omni Layer, Algorand and other affected blockchains before a set deadline of September 1. Alternatively, they can move their USDT to supported blockchains using any available service provider.

USDT Hits New Market Cap High

In other news, USDT’s market cap surged to a new record value at $159.1 billion following a bullish trading week. Since the start of Q3 2025, Tether’s product has added another $1.51 billion to its market shares solidifying its position as the largest stablecoin and third largest cryptocurrency in the world. Meanwhile, Circle’s USDC remains in second place following a commendable 81.42% rise in adoption over the past month pushing its market cap value to $63.51 billion.

Bitcoin is flexing its muscle. The S&P 500 Index closed at 6,280 on July 10, 2025, marking a 6% year‑to‑date gain in dollar terms. The benchmark even set fresh records this week. Yet priced in Bitcoin, that same index sits about 15% lower so far this year. That gap shows just how strong crypto’s rally has been.

Fluctuations In Bitcoin Terms

According to market analyst The Kobeissi Letter, measuring the S&P 500 against BTC highlights a dramatic shift. Since 2012, the index has fallen almost a whopping 100% versus Bitcoin, based on data from Bitbo.

Investors who stuck with Bitcoin instead of stocks over the past decade would be sitting on massive gains. That contrast has become impossible to ignore.

Truly incredible:

The S&P 500 in Bitcoin terms is now DOWN -15% year-to-date.

Since 2012, the S&P 500 in Bitcoin terms is down -99.98%.

We are all witnessing history. https://t.co/DsoHhJQXvo pic.twitter.com/UHETngTqGy

— The Kobeissi Letter (@KobeissiLetter) July 11, 2025

Top Crypto Hits New Highs

Based on figures from CoinMarketCap, BTC pushed past $118,800, Friday. The digital asset climbed 6% in the previous 24 hours and gained 10% over the past week. Overall, BTC is up 26% in 2025. Those numbers have drawn fresh attention from traders who once treated crypto as a fringe bet.

In 2025, money has flooded into crypto via exchange‑traded funds in the US. As of this week, the 12 US spot Bitcoin ETFs hold a combined 1.26 million BTC—about $148 billion at current prices.

That stash represents over 6% of all Bitcoin in circulation, according to Bitbo data. Inflows into digital asset ETFs landed them as the third‑largest fund category in the first half of the year, trailing only short‑term government debt and gold, State Street data shows.

Heavy Inflows Push Records

On Thursday, Bitcoin ETFs recorded their second‑largest single‑day inflow ever, pulling in over $1 billion. Traders view these ETFs as a simpler way to tap into BTC gains without dealing directly with wallets or exchanges.

At the time of writing, Coingecko data shows BTC trading at $118,038—still holding most of its recent upside.

Last 10 Years… Bitcoin $BTC: +40,450% NVIDIA $NVDA: +34,815% Tesla $TSLA: +1,702% Netflix $NFLX: +1,206% Microsoft $MSFT: +1,199% Amazon $AMZN: +926% Meta $META: +751% Apple $AAPL: +691% Google $GOOGL: +556% S&P 500 $SPY: +262% Gold $GLD: +175% US Inflation (CPI): +35%

— Charlie Bilello (@charliebilello) July 11, 2025

Tech Stocks Fall Behind

Bitcoin’s surge hasn’t just outperformed broad stock indexes. Analyst Charlie Bilello has pointed out that BTC has climbed far more than big tech names like Nvidia, Tesla, and Netflix over the past decade. That wider outperformance has added fuel to the argument that digital currency belongs in major portfolios.

With US equities near record highs in greenbacks but lagging in Bitcoin terms, some investors are weighing how to balance their bets. The rush into spot ETFs speaks to a growing belief that crypto deserve a spot alongside stocks and bonds.

Featured image from Dall-E, chart from TradingView

Coinbase has filed a lawsuit against Oregon State Governor Tina Kotek over an abrupt change in the state’s policy on the regulation of digital assets. This lawsuit comes as a response to Oregon’s initial suit accusing the American exchange of operating as an unregistered securities issuer and trading platform.

Coinbase Vs. Oregon

In an X post on July 11, Coinbase Chief Legal Officer Paul Grewal shared ongoing efforts by the crypto exchange to direct the Oregon State Governor Tina Kotek and Attorney General (AG) Dan Rayfield to reveal public records that justify a recent change in the state’s crypto policy. According to the lawsuit filed in the Circuit Court of State of Oregon for the County of Mason, Coinbase legal representatives explain that Oregon government officials have previously advised citizens that cryptocurrencies are regulated as commodities rather than securities. However, there appeared to be a shift in this policy when Oregon AG filed a charge against Coinbase in April 2025 with a complaint stating the exchange has acted as an unregistered securities platform by facilitating trading of a selected 31 digital assets – a lawsuit similar to that of the SEC against Coinbase in 2023 which has now been dropped by the regulatory body. The American exchange explains that such change in policy should be accompanied with public hearings and debate or an agency rulemaking consultation that involves relevant stakeholders. However, Coinbase alleges that the Oregon State Government followed none of these procedures with the new anti-crypto policy being adopted behind closed door meetings.

Oregon Officials Blocking Citizens From Trading Crypto: Coinbase VP

In a statement to local media The Washington Times, Ryan VanGrack, Coinbase’s Vice President of Litigation has shared his support of the exchange’s lawsuit against Tina Kotek accusing the Oregon State Government of attempting to taper its citizens’ access to the crypto market. VanGrack said:

… why is Governor Kotek refusing to provide basic information about the case, including why the state suddenly flipped its views on crypto? Oregonians deserve to know why their government is keeping them in the dark — and why they’re pursuing a case that would deprive Oregonians (and only Oregonians) from trading crypto.

Importantly, the Coinbase Exec has expressed intense disapproval at the timing and basis of Oregon’s initial lawsuit as the US Congress attempts to establish a crypto regulatory framework, especially with the upcoming vote on the GENIUS  Act and Clarity Act. VanGrack further added:

No one else has filed suit. It came after the federal government dismissed its case, and it is coming on the heels of bipartisan legislation; I can’t imagine a more illogical time for a state to peacock and insert itself when the federal government made it very clear it is their domain.

At press time, the total crypto market cap is valued at $3.63 trillion following a 2.44% increase in the past day.

Injective is back in the spotlight after posting a remarkable 27% surge since last Wednesday, joining a broader market awakening as crypto momentum accelerates. The rally comes as Bitcoin hits new all-time highs and altcoins begin to reclaim critical levels, signaling growing investor confidence across the board. However, it’s not just price action fueling Injective’s breakout.

On Friday, Injective announced the launch of the Injective Council—a strategic body composed of influential leaders from Fortune 500 companies and top Web2 organizations. This council marks a pivotal step in their mission to bring real-world adoption to the blockchain. The group will focus on accelerating institutional integration, driving innovation across DeFi, and guiding the platform’s evolution toward global asset tokenization.

The announcement was met with optimism from the community and investors alike, who see the council as a sign of serious long-term vision. Injective is positioning itself at the intersection of legacy finance and cutting-edge Web3 infrastructure.

Injective: New Era Of Institutional Web3 Integration

The project has taken a bold step toward bridging traditional finance and decentralized innovation with the official launch of the Injective Council. This influential body is composed of elite organizations, including Google Cloud, Deutsche Telekom, BitGo, Republic, Galaxy, NTT Digital, and Korea Digital Asset Custody (KDAC). Together, these founding members bring decades of combined institutional, technological, and financial expertise to shape its future.

The Council is designed to position Injective as the premier platform where institutional finance converges with Web3 infrastructure. By establishing a formal framework for collaboration, the blockchain team opens the door to meaningful integration between onchain systems and enterprise-grade use cases. Each member will play an active role in steering the protocol’s evolution, providing early insight into Injective’s roadmap while directly shaping priorities and governance decisions.

Google Cloud brings scalability and infrastructure expertise to power Injective’s next growth phase. Meanwhile, Galaxy and BitGo contribute critical experience in asset management, custody, and tokenization, helping to build a foundation for real-world financial products like tokenized stocks, credit markets, and structured products. Republic and NTT Digital further broaden the Council’s global reach and regulatory perspective, strengthening Injective’s institutional credibility.

The launch of the Injective Council isn’t just a milestone for the protocol—it’s a defining moment for the crypto industry as a whole, signaling that the convergence of traditional finance and blockchain is no longer theoretical.

INJ Price Tests Key Resistance

Injective (INJ) has shown renewed bullish momentum, gaining over 27% since last Wednesday and closing the latest candle at $12.75. The 3-day chart reveals a clean rebound off the red 200-period moving average, which has provided dynamic support for several weeks. This bounce coincides with a surge in trading volume, signaling increasing investor confidence.

INJ is now testing the $12.75–$13 resistance range, a level that previously acted as support during mid-2023 and resistance throughout the second quarter of 2025. A confirmed breakout above this area could open the door for a move toward the 100-period SMA near $16.65, followed by the psychological $20 level.

The convergence of all major moving averages (50, 100, 200) above price highlights that INJ remains in a broader bearish structure. If bulls can reclaim the 50-SMA at $11.06 as support and close above $13 with strong volume, the chart structure would favor a mid-term bullish continuation.

Featured image from Dall-E, chart from TradingView

The crypto market is gaining steam following a powerful rally led by Bitcoin and Ethereum. Bitcoin broke decisively above its previous all-time high of $112,000, reaching uncharted territory near $118K. Meanwhile, Ethereum pushed above key resistance at $2,850, reigniting momentum across major altcoins. The breakout has fueled growing optimism among investors, with many analysts now anticipating the beginning of a broader bull run in the weeks ahead.

Amid the excitement, political developments in the US have added a fresh layer of speculation. Rumors are swirling that Jerome Powell, Chairman of the Federal Reserve, is considering stepping down. The news comes just as US President Donald Trump continues to pressure the Fed for interest rate cuts—an economic strategy Powell has yet to pursue. As markets digest the possibility of new leadership at the central bank, the potential shift in monetary policy could significantly impact risk assets, including cryptocurrencies.

With bullish price action aligning with a pivotal macro backdrop, confidence is building that crypto may be entering a new phase of growth. Investors now watch closely to see whether the rally can hold and if leadership changes at the Fed will further accelerate capital inflows into digital assets.

Crypto Market Watches Closely As Fed Chair Resignation Rumors Intensify

The crypto market is entering uncertain but potentially explosive territory as speculation swirls around a possible leadership change at the US Federal Reserve. William J. Pulte, US Director of Federal Housing, amplified the conversation by sharing a striking statement from the Chairman of the Board of Fannie Mae. “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom,” the statement read, echoing growing calls for a more market-friendly central bank.

Citing himself, Pulte added fuel to the fire just as rumors surrounding Powell’s future intensified. No Federal Reserve Chair in recent history has commanded as much sustained media attention as Jerome Powell. While the headlines ripple through financial circles, the bond market has responded cautiously—yields spiked to fresh daily highs, signaling that investors aren’t fully pricing in the possibility of a resignation just yet.

Still, the stakes are enormous. Should Powell step down, his likely successor could be aligned with President Donald Trump, who has repeatedly called for a dramatic 300+ basis point rate cut. Such a move would mark one of the most aggressive monetary pivots in modern history, and its impact on risk assets—especially crypto—could be monumental.

A dovish Fed led by a Trump-aligned chair would create ideal conditions for capital rotation into digital assets, potentially triggering a sustained crypto bull run. Markets now wait, bracing for confirmation—or denial—of what could be a historic turning point for both traditional finance and digital assets.

Total Crypto Market Cap Approaches Breakout Zone

The total crypto market cap has surged to $3.63 trillion, posting a 9.10% gain on the weekly candle and pushing closer to its all-time high near $3.75 trillion. The chart shows a strong continuation of the uptrend that began in early 2023, marked by higher lows and expanding volume. The market cap has bounced off the 50-week moving average multiple times, a sign of sustained bullish momentum.

After months of consolidation, this recent breakout attempt is significant. The market is now retesting the highs set earlier this year, and a clean break above $3.75 trillion could open the door to uncharted territory. If confirmed, this would mark the highest total valuation in crypto history.

Volume has risen alongside the move, suggesting growing confidence and broad participation. Bitcoin’s new all-time high above $112K and Ethereum’s breakout above $2,850 have been the key catalysts, pulling altcoins higher in tandem. A confirmed breakout in total market cap would validate the broader bull market narrative and could trigger institutional inflows and renewed retail interest.

Featured image from Dall-E, chart from TradingView

Meme coins have been in recovery once more after the Bitcoin price rallied to new all-time highs above $118,000. This rally was triggered by Donald Trump’s clamor for 3% interest rate cuts and the market responded positively to this with one of the greenest days in the last month. While the rally is expected to continue, some meme coins have stood out above others in not only their ability to rally higher, but also the fact that their communities remain some of the most vocal.

BONK Takes Over From Pump.Fun

Recent developments have seen a decline in confidence in Solana-based launchpad Pump.fun, leading to a rapid decline in market share. It has also been seeing fierce competition from LetsBonk.fun, a rival platform built and delivered by the BONK team, and for the first time last week, the latter overtook the former in terms of market share.

Given that the BONK team plans to use half of all generated fees to buy back the meme coin, interest in BONK has accelerated. This is because a notable amount of supply is expected to be bought back by the team, and the meme coin’s value is expected to rise as a result.

In response, the BONK meme coin has rallied ahead of other top coins in the category, with an over 43% increase in a 7-day period. As Letsbonk.fun’s dominance rises and the crypto market remains in a bearish trend, BONK is expected to hit new all-time highs before the cycle is over.

USELESS Joins Top Ranks Of Meme Coins

USELESS is the latest rave on the Solana blockchain that burst into the meme coin scene back in June 2025. Since then, the meme coin has steadily built up a cult-like following on social media using its “useless” branding. What started out as an initial fad that faded after its over 50% crash quickly metamorphosed into an internet culture.

In the last few weeks, the price of USELESS has climbed steadily, with an over 5,000% increase in price. At the time of writing, the meme coin is sitting at over $300 million in market cap and doesn’t show any signs of stopping anytime soon.

USELESS has also scored the backing of some of the most important voices in crypto, including crypto trader Unipcs, popularly known as “BONK guy”. The trader has made over $7 million on his initial USELESS investment, and has publicly stated that he expects USELESS to reach a $1 billion market cap.

PEPE Remains A Major Meme Coin Player

With the Ethereum price surging alongside Bitcoin, PEPE has swam to the forefront again as one of the major meme coins to invest in. Over the years, PEPE has acted as a multiplier bet for the Ethereum price, meaning that a rise in the ETH price has often translated to a higher increase in the PEPE price.

This is seen in the Friday rally when the ETH price rose 8% after Bitcoin hit new ATHs, and the PEPE price rose by around 16% during the same time period. Thus, as Ethereum is expected to rally back above its $4,800 all-time highs, PEPE could be a good bet to corner higher gains using ETH’s rally.

 

 

نجح اكتتاب عملة بيتكوين هايبر (Bitcoin Hyper) -والتي تتبنى نهجاً ثورياً في توفير المعاملات فائقة السرعة وميزات الويب الثالث (Web3) لبلوكتشين بيتكوين (Bitcoin blockchain)- بجمع أكثر من 2 مليون دولار من المستثمرين الأوائل، ما يُعزز مكانة المشروع كأحد أفضل المشاريع التي تَعِد بتوفير العملة التالية التي سيرتفع سعرها كثيراً.

وبالنظر إلى ترجيحات الخبراء بأن يرتفع سعر عملة بيتكوين (Bitcoin-BTC) إلى مستوياتٍ جديدة، وترجيح ملياردير الكريبتو ماكس كيسر (Max Keiser) بأن يصل السعر إلى 200,000$ بحلول نهاية العام، إلى جانب تبني حزب إيلون ماسك (Elon Musk) الجديد نهجاً داعماً للعملات الرقمية وإشارته مؤخراً إلى كون العملات التقليدية “بلا جدوى”، فقد يكون الاستثمار في عملة بديلة تحمل شعار عملة بيتكوين (Bitcoin) وتسعى إلى تعزيز أفضل بلوكتشين في العالم من ناحية الموثوقية خطوةً ذكية جداً.

الأهمُّ من ذلك، هو أن اكتتاب عملة بيتكوين هايبر (Bitcoin Hyper) ما يزال في أيامه الأولى، ما يتيح فرصة شراء العملات بالسعر المنخفض البالغ 0.0122$ حالياً، ولكن يُستحسن التحرك بسرعةٍ لأن هذا السعر سيرتفع كل بضع ساعات.

ما هي آلية عمل عملة بيتكوين هايبر (Bitcoin Hyper)؟

تعمل عملة بيتكوين هايبر (Bitcoin Hyper) -الموفرة لحل طبقة ثانية (Layer 2) جديد على بلوكتشين بيتكوين- على آلة سولانا الافتراضية (SVM) كي توفر السرعات الفائقة والأداء السلس لنظام بيتكوين التقني، ويتيح ذلك للمُطورين تطوير عقود ذكية وتطبيقات لامركزية (dApps) تعمل بسرعةٍ وكفاءة، ما يوفر سرعات سولانا الفائقة على بلوكتشين بيتكوين.

البيانات المالية لعملة بيتكوين هايبر (Bitcoin Hyper)

تُسهم عملة بيتكوين هايبر (Bitcoin Hyper) في تمكين بلوكتشين بيتكوين كما يلي:

• يمكنكم إيداع عملة بيتكوين (Bitcoin) في بروتوكول الربط اللامركزي غير الوصائي الخاص بالمشروع (Canonical Bridge) -والذي يعمل على عدة شبكات بلوكتشين، ويقوم بربط حل Bitcoin Hyper ببلوكتشين بيتكوين.
• بعدها يقوم البروتوكول بإصدار عدد مكافئ من عملات بيتكوين الملفوفة (wrapped Bitcoin) على الطبقة الثانية.
• يمكنكم استخدام هذه العملات المغلفة في نظام Bitcoin Hyper التقني لاستخدام التطبيقات اللامركزية السريعة، والتداول في متاجر الرموز غير القابلة للاستبدال (NFT)، والوصول إلى بروتوكولات التمويل اللامركزي (DeFi) للاقتراض والإقراض، إلى جانب رهن العملات لكسب مكافآت الرهن دون عناء، وحتى المشاركة في الألعاب والحوكمة على البلوكتشين.
• بعد الانتهاء، يمكنكم تقديم طلب سحب لتحويل عملاتكم الملفوفة إلى عملات بيتكوين (Bitcoin) الأصلية، وإرسالها مباشرةً إلى عنوانكم الأصلي على الشبكة الرئيسية (Layer 1).

شراء عملة بيتكوين هايبر (Bitcoin Hyper) للمشاركة في أفضل الرهانات الكبيرة على مستقبل بلوكتشين بيتكوين

جدير بالذكر أنه رغم كون عملة بيتكوين (Bitcoin) أفضل مخزن للقيمة في قطاع الأصول الرقمية، لكنّ البلوكتشين الخاص بها لا تدعم الويب الثالث (Web3) أو التطبيقات اللامركزية، كما أنّ سرعتها منخفضةٌ جداً -بواقع 7 معاملاتٍ بالثانية- مقارنة بشبكات البلوكتشين المتطورة مثل سولانا (Solana blockchain)، والتي يمكنها القيام بما يتراوح بين 2,000 و3,000 معاملة بالثانية.

وتسعى عملة بيتكوين هايبر (Bitcoin Hyper) إلى تغيير هذا الواقع دون إلحاق الضرر بأمان وموثوقية بلوكتشين بيتكوين. ورغم كون عملة بيتكوين (Bitcoin) خياراً استثمارياً مهماً، خصوصاً مع تأهب سعرها للارتفاع إلى مستوياتٍ غير مسبوقة، ولكنّ الاستثمار في هذه العملة  بسعرها الحالي البالغ 108,000$ تقريباً يبدو مكلفاً جداً. مع ذلك، تتيح مشاريع العملات الرقمية التي ما تزال في مرحلة الاكتتاب -مثل Bitcoin Hyper- الاستفادة من رواج رائدة العملات الرقمية، وكسب أرباح محتملةٍ تُعادل أو حتى تزيد عن الأرباح المحتملة للاستثمار في هذه العملة باستثماراتٍ مقدمةٍ منخفضةٍ جداً.

ما هي ميزات شراء عملة بيتكوين هايبر (Bitcoin Hyper)؟

يتم بيع عملة بيتكوين هايبر (Bitcoin Hyper) بسعر 0.0122$ حالياً، ووفقاً لتوقعاتنا حول سعر هذه العملة -والتي تعتمد على الأبحاث- من المرجّح أن يرتفع السعر بنسبة 1,500% إلى 0.20$ بحلول عام 2026.

الصفحة الرئيسية في موقع Bitcoin Hyper وتظهر فيها بيانات الاكتتاب

ورغم أنه من الممكن تحقيق هذه العوائد الكبيرة في قطاع عملات الميم، لكن تحقيقها بالاستثمار في عملة بيتكوين (Bitcoin) فقط يكاد يكون مستحيلاً. أخيراً، نظراً لكون الاكتتاب في أيامه الأولى، يمكن للمشترين الأوائل رهن العملات المشتراة وكسب مكافآت رهن سخية، بعوائد رهن سنوية قدرها 373%؛ وفي حال كنتم تودون التمتع بتجربة شراء سلسةٍ، قد يجدر بكم استخدام محفظة Best Wallet، وهي إحدى أفضل محافظ الكريبتو المجانية المتاحة حالياً.

وبدلاً من توجيهكم إلى الموقع الرسمي للمشروع، تُوفر هذه المحفظة ميزة “العملات المنتظرة” (Upcoming Tokens)، والتي تتيح لكم تحديد عملات الميم الجديدة التي ما تزال في مرحلة الاكتتاب -ومن بينها عملة بيتكوين هايبر (Bitcoin Hyper)- مباشرةً عبر تطبيق المحفظة.

أخيراً، يُمكنكم الحصول على معلوماتٍ إضافية حول المشروع بقراءة ورقته البيضاء، كما يُمكنكم مواكبة مستجداته عبر متابعة حسابه على منصة X والانضمام إلى قناته على تيليجرام.

Tasmania’s law enforcement agencies are intensifying their scrutiny of cryptocurrency ATMs following the discovery that the most active users in the region have been victims of fraudulent schemes.

According to a new announcement from Tasmania Police Cyber Investigations, the top 15 users of crypto ATMs across the state have all fallen prey to scams, resulting in a combined loss of approximately 2.5 million Australian dollars (USD $1.6 million).

Notably, around $592,000 of this total was funneled through crypto ATMs. The findings are part of a broader national enforcement initiative aimed at curbing the misuse of cryptocurrency kiosks across Australia.

Scammers Direct Victims to Crypto ATMs After Banks Flag Suspicious Activity

The operation is being spearheaded by the Australian Federal Police (AFP) in collaboration with AUSTRAC, the nation’s financial intelligence unit.

Tasmania’s involvement highlights how local jurisdictions are aligning with federal efforts to tighten oversight of crypto-related activities, particularly in response to the rising use of ATMs for illicit transactions.

Detective Sergeant Paul Turner of the Tasmania Police stated that in many cases, victims had originally attempted to send funds through traditional banking channels.

When banks flagged and blocked those transfers due to suspicious activity, scammers redirected the victims to use cryptocurrency ATMs as an alternative. This move bypassed traditional financial safeguards and allowed fraudulent transactions to proceed.

Turner emphasized that the scams frequently involve high-stakes financial manipulation, often masquerading as investment opportunities or romantic connections. “Victims are being manipulated, intimidated, and pressured into investing in fake investment and romance scams,” he said.

The repercussions can be severe, with many individuals reportedly forced to delay retirement, sell personal assets, or rely on social support systems due to the financial impact.

Turner advised the public to be wary of anyone instructing them to use a digital currency ATM, especially if the request is urgent or comes from someone they have never met in person.

ATM Expansion and New Compliance Measures Reflect Growing Risks

The number of crypto ATMs in Tasmania has risen sharply in recent years, from just one machine in 2021 to over 20 by mid-2025. Data from Coin ATM Radar confirms there are currently 24 operational crypto ATMs in the state.

Nationally, Australia is now the third-largest country in terms of crypto ATM installations, trailing only the United States and Canada. The total number of machines across the country has grown from just 67 in August 2022 to over 1,890 today.

In response to mounting concerns, AUSTRAC implemented updated operational rules and new transaction limits for digital currency ATM operators starting June 3. The agency has also designated cryptocurrency-related activity as a regulatory priority heading into 2025.

Major ATM providers in the country include Localcoin with 807 units, Coinflip with 691, and Bitcoin Depot with 212, reflecting the scale and accessibility of these machines for both legitimate and illegitimate purposes.

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Команда безопасности криптобиржи GMX, ранее пострадавшей от взлома, сообщила о возврате хакером части украденных цифровых активов, которые были переведены в мультиподписной кошелек.

The US Department of the Treasury and the Internal Revenue Service (IRS) have formally scrapped a controversial crypto rule that would have mandated decentralized exchanges to comply with broker reporting obligations.

US Treasury, IRS Drop Crypto Broker Rule

On Thursday, the US Department of the Treasury and the IRS officially revoked the crypto broker rules that required decentralized exchanges and protocols to report detailed customer data to the tax agency.

The rule was originally proposed in November 2021 through the Infrastructure Investment and Jobs Act, aiming to close the “tax gap” by broadening the definition of “brokers” to include crypto exchanges and other intermediaries.

At the end of the Biden administration, the IRS finalized the rule, expanding the definition of a “broker” while requiring DeFi platforms to report proceeds from digital asset transactions and detail user transaction information, including names and addresses.

As reported by Bitcoinist, the regulation was set to take full effect in 2027 but faced heavy criticism. Industry players considered the policy to be “unworkable” and an overreach, noting that the “arbitrary” definition of a “broker” was too broad, and many market participants didn’t have access to the data the agency was requesting.

In March, Congress passed a joint resolution under the Congressional Review Act (CRA) disapproving of the final rule. The resolution, titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was signed by President Donald Trump in April, becoming the first crypto bill signed by a US president.

Starting July 11, 2025, this crypto broker rule has no legal force or effect, as the Treasury Department and the IRS have removed it from the Code of Federal Regulations (CFR) and reverted the relevant text of the CFR to the text that was in effect before the final rule.

The federal agencies noted that the CFR change was made to reflect the accomplishments already achieved through congressional and presidential action. “Accordingly, the Treasury Department and the IRS are not soliciting comments on this action, nor are they delaying the effective date,” the revocation reads.

Shift From Biden-Era Regulation

The rule’s removal follows the regulatory shift under President Trump, who has vowed to turn America into the “crypto capital of the world.” Amid this process, other federal agencies have revoked other Biden-era rules and guidance.

In May, the US Department of Labor (DOL) rescinded its 2022 guidance, which discouraged fiduciaries from including digital asset investments in 401(k) retirement plans. The direction, issued in March 2022, followed Biden’s executive order that required the government to assess the risks and benefits of digital assets.

“We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats,” US Secretary of Labor Lori Chavez-DeRemer explained.

In June, the US Federal Reserve (Fed) announced it had updated its approach to bank examinations to remove “reputational risk” from its guidelines, easing crypto firms’ access to traditional banking.

Meanwhile, the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have disbanded their crypto enforcement-focused units and changed their long-criticized “regulation by enforcement” approach.

Notably, Congress is also working to advance the highly anticipated crypto framework, pushing for approval of the stablecoin bill, the GENIUS Act, and the market structure legislation, the CLARITY Act, which will be the focus during the upcoming “Crypto Week.”

Компания Tether, эмитент крупнейшего стейблкоина USDT, объявила о прекращении поддержки стейблкоинов на блокчейнах Omni, Bitcoin Cash SLP, Kusama, EOS и Algorand с 1 сентября 2025 года.

Nasdaq-listed SharpLink Gaming has expanded its Ethereum holdings through a direct over-the-counter transaction with the Ethereum Foundation. The company purchased 10,000 ETH for approximately $25.7 million, pricing each token at $2,572.37.

The deal, finalized on July 10, increases SharpLink’s total ETH balance to 215,634 tokens, according to data from DeFiLlama. At current market value, that brings the firm’s treasury to an estimated $558 million, positioning it as one of the largest known institutional holders of ETH.

The move reflects a deepening strategy from SharpLink, which has steadily shifted its balance sheet toward Ethereum since early June. According to the company, the ETH accumulation is not just a corporate treasury play, but a broader alignment with the ETH ecosystem.

Funds for the acquisition reportedly came from at-the-market share sales, part of a $425 million private raise led by Consensys, the blockchain software company founded by SharpLink Chairman and Ethereum co-founder Joseph Lubin.

Strategic ETH Acquisition Aims to Support DeFi Infrastructure

SharpLink emphasized that the purchase is not only about balance sheet expansion but also a commitment to long-term support for Ethereum’s decentralization. In the statement, Lubin noted that the company is actively staking and restaking ETH in an effort to reduce circulating supply and contribute to the network’s health.

“SharpLink is acquiring, staking, and restaking ETH as responsible industry stewards, removing supply from circulation and reinforcing the health of the Ethereum ecosystem,” he said. The transaction marks a rare instance of the Ethereum Foundation transferring such a large volume of ETH directly to a public company.

While the foundation has made ETH sales in the past, often viewed as macro sentiment indicators, this direct transfer to a corporate buyer is unusual and may signal evolving relationships between crypto-native institutions and traditional capital markets.

The ETH Foundation, based in Zug, Switzerland, plays a central role in supporting the development and research behind ETH’s protocol. Its ETH reserves are typically used to fund research grants, developer bounties, and infrastructure projects.

The sale to SharpLink suggests that it is also exploring strategic partnerships to deepen Ethereum’s integration into regulated financial ecosystems.

Corporate Crypto Allocation Trends Continue to Shift

SharpLink’s ETH-heavy treasury strategy follows a broader pattern of increasing institutional interest in digital assets beyond Bitcoin. While MicroStrategy’s Bitcoin-focused balance sheet has dominated headlines, SharpLink’s growing Ethereum position illustrates expanding diversification among public firms in the crypto space.

As more institutions evaluate on-chain assets not just for speculation but as foundational infrastructure, Ethereum appears to be gaining traction.

The firm’s activity may also reflect broader investor behavior amid ETH’s growing role in DeFi. With staking yields, Layer 2 adoption, and real-world asset tokenization narratives on the rise, ETH’s appeal to corporations seeking exposure to blockchain-based finance continues to evolve.

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Американский экономист Питер Шифф (Peter Schiff) заявил, что компании, пополняющие свои резервы биткоином и эфиром, не имеют надежных бизнес-моделей, и призвал инвесторов переключиться на серебро.

In an announcement yesterday, Nasdaq-listed software company GameSquare Holdings revealed that it had purchased $5 million worth of Ethereum (ETH) as part of its $100 million ETH-focused treasury strategy. With this move, GameSquare joins a growing number of companies diversifying their corporate treasuries by investing in digital assets.

GameSquare Embraces Ethereum As Part Of Treasury Strategy

As the cryptocurrency market regains bullish momentum – highlighted by Bitcoin (BTC) reaching successive all-time highs (ATHs) over the past few days – mainstream interest in digital assets is once again surging. In this context, Ethereum continues to see rising adoption.

The Texas-based firm recently completed its initial ETH purchase, acquiring 1,818.84 ETH at a weighted average price of $2,749, totalling $5 million. This marks the first step in GameSquare’s broader plan to deploy $100 million into Ethereum and related digital assets.

The company’s strategy focuses on building a crypto-native treasury framework designed to generate sustainable, risk-adjusted yield through decentralized finance (DeFi) protocols and the broader Ethereum ecosystem. Commenting on the development, Justin Kenna, CEO of GameSquare said:

In partnership with Dialectic and Ryan Zurrer, we are leveraging Medici, Dialectic’s proprietary platform that combines machine learning, automated optimization, and multi-layered risk controls, to target best-in-class risk-adjusted yields of 8-14%, well above current staking benchmarks of 3-4%.

Unlike traditional treasury strategies focused around Bitcoin, GameSquare’s ETH allocation seeks to actively generate yield by engaging with DeFi infrastructure, rather than simply holding the asset. This signals a novel growing trend of companies favoring ETH over BTC for treasury diversification.

While pursuing higher returns typically involves increased risk, Medici’s reputation for advanced risk management and performance tracking offers a layer of confidence. As more companies embrace ETH-based yield strategies, DeFi protocols are likely to attract deeper liquidity over time.

Smart Money Accumulating ETH

Despite currently trading about 40% below its ATH of $4,878  – set back in November 2021 – Ethereum is seeing increased accumulation by large investors, often referred to as “smart money.”

For instance, recent on-chain data shows that ETH whales – wallets holding between 10,000 to 100,000 ETH – added heavily to their holdings earlier this month, scooping as much as 200,000 ETH.

Simultaneously, Ethereum-based spot exchange-traded funds (ETFs) are gaining traction. Data from SoSoValue indicates nine consecutive weeks of positive inflows as of July 10, reinforcing broader investor interest in ETH.

That said, some caution remains warranted, as not all ETH-focused treasury strategies have yielded favorable results historically. At press time, ETH trades at $2,993, up an impressive 7.4% in the past 24 hours.

In a rare move, a Shanghai regulator just held a meeting on stablecoins and digital currencies. Is China warming up to crypto?

Shanghai Regulator Discussed Crypto In A Meeting

Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting on Thursday with local government officials to discuss stablecoin and digital currency policy, as reported by Reuters.

The meeting, which involved around 60-70 attendees, could hint at a change in China’s stance, as crypto has been banned in the country since 2021. According to the report, the regulator’s director told the meeting about the need to have “greater sensitivity to emerging technologies and enhanced research into digital currencies.”

SASAC has called this discussion after tech giants like JD.com and Ant Group reportedly urged China’s central bank to authorize yuan-based stablecoins, and amid Hong Kong planning to roll out its stablecoin legislation starting August 1st.

JD.com and Ant Group are among the 40+ companies preparing to apply for stablecoin licenses in Hong Kong. According to local media outlet Yicai, however, only a few of the aspirants are likely to find approval.

While Shanghai has held this meeting, it’s unclear whether it will lead to something tangible, considering hurdles remain in the form of China’s strict capital controls. As mentioned earlier, crypto received a ban in the nation in 2021. Both trading and mining activities were put to a stop, citing concerns about the stability of the financial system.

Prior to the ban, the country hosted half the global Bitcoin mining computing power, or “Hashrate.” News of the crackdown led to a sharp drop in the Hashrate, as miners shut down their operations and prepared to relocate.

By the start of 2022, however, the BTC computing power had already bounced back, suggesting that while the ban initially dealt a serious blow, the network quickly made a full recovery. Growth in the mining industry has continued since then, and today the global Hashrate stands at a level roughly five times the pre-ban figure.

According to a report published by Cambridge earlier in the year, the US now accounts for 75% of all reported Bitcoin mining activity.

While China may have locked itself out of crypto, the sector has still continued to thrive globally. With Bitcoin setting yet another record after crossing $118,000, perhaps the worldwide momentum may now be becoming too big for the nation to ignore.

Bitcoin Has Entered All-Time High Exploration Mode

Bitcoin saw a breakout to a new all-time high Wednesday, but the digital asset has taken it up a gear over the past day as its price has shot up over 6%.

The run has ignited crypto-wide momentum, with the likes of Ethereum (ETH) and XRP (XRP) even printing larger profits than Bitcoin. This has resulted in short liquidations of more than $1.1 billion in the derivatives market, as per CoinGlass.

Tron (TRX) founder Justin Sun has made a bold move into the political crypto space, positioning himself in direct competition with SpaceX and Tesla founder and CEO, Elon Musk. According to reports, Sun recently showed public support for US President Donald Trump through a $100 million move into the Official Trump (TRUMP) meme coin—a move possibly intended to rival Musk’s growing influence in both the crypto and political landscape. 

Sun Challenges Musk For Trump Support

Sun is quickly becoming one of the largest personal financial backers of Trump, setting himself up as a direct rival to Musk—who has been a vocal advocate and monetary supporter of the US President both before and after the election in January. This competition was underscored by the Tron founder’s most recent donation move through TronDAO. 

In his post on the X social media platform, Sun enthusiastically announced his $100 million investment in the $TRUMP meme coin, highlighting that this significant move marks Tron and Official Trump as the future of crypto. He explained that the donation illuminates Tron’s inherent belief in cross-ecosystem collaboration to expand the crypto space alongside communities like the “GetTrumpMemes.” He even dubbed Trump on Tron the currency of MAGA, referencing the political slogan popularized by the US President. 

Notably, Sun’s $100 million $TRUMP purchase follows an earlier support where he bought $75 million worth of WLFI tokens tied to Trump’s first DeFi initiative. These massive funding efforts suggest a possibly strategic attempt to strengthen Sun’s influence in Trump’s crypto orbit, potentially outpacing Musk in the process, while firmly establishing his presence in the growing political meme coin space.  

Interestingly, Sun’s active role in financing Trump’s crypto ventures has been rewarded over the months. Recently, the US president gifted the Tron founder a gold watch for being the largest holder of the $TRUMP meme coin. Additionally, Sun earned a place as the advisor at Trump’s World Liberty Financial following his $30 million investment in the crypto project. 

Donor Comparisons Between Musk And Sun

While Sun’s latest donation to the Official Trump meme coin ignited discussions across the crypto space, Musk has reportedly contributed $288 million prior to Trump’s re-election. Although Sun’s approach stands out due to the method and magnitude relative to his wealth, Musk’s financial support amounts to less than 0.1% of his over $394 billion net worth. 

Even more notable, unlike Musk’s traditional investments, Sun’s token purchases retain market value, offering the Tron founder the potential to recover or profit from his support over time. The rivalry between the two billionaires reflects not only political alignment but also their fundamentally different strategies for influence: Musk through direct campaign contributions, and Sun through tokenized ecosystems that benefit both Trump and the crypto space.