President Trump’s Truth Social Files S-1 Form For Bitcoin ETF

Today, Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) filed with the US Securities and Exchange Commission (SEC) a Form S-1 for their upcoming Truth Social Bitcoin ETF.

The ETF, which will hold bitcoin directly, is designed to track the bitcoin’s price performance. 

“Truth Social Bitcoin ETF, B.T. is a Nevada business trust that issues beneficial interests in its net assets,” stated the Form S-1. “The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of bitcoin.”

The ETF is sponsored by Yorkville America Digital, LLC and will trade…

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Botanix Launches Federated Sidechain With 16 Members 

Botanix Labs has launched Botanix, a federated sidechain built on Bitcoin that has a 16-node founding federation that includes XBTO, Fireblocks, Antpool, UTXO Management, and other entities (full list below).

The federation ensures that no single entity — including Botanix Labs — controls the network. Botanix Labs has relinquished operational responsibilities, transferring governance and consensus to the node operators. The network plans to evolve into a dynamic federation that supports hundreds of nodes, with the long-term goal of enabling anyone to run a Botanix node. The network’s mainnet is scheduled to launch later this quarter.

Willem Schroé, CEO and co-founder of…

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LATEST: President Trump’s Truth Social Files S-1 Form for New Bitcoin ETF

Trump Media and Technology Group has officially filed for its own Bitcoin ETF with the U.S. Securities and Exchange Commission. The ETF named Truth Social Bitcoin ETF B.T. aims to directly hold bitcoin and offer shares that reflect the digital asset’s market performance. Once approved the shares will trade on NYSE Arca.

Crypto.com has been chosen as the exclusive Bitcoin custodian and liquidity provider for the ETF. It will also act as the prime execution agent marking a major partnership in the crypto finance space. Yorkville America Digital will serve as the sponsor of the ETF.

The launch still depends on regulatory approval but signals strong support for cryptocurrency from Trump Media. The company continues expanding into digital finance through its FinTech brand Truth.Fi. This move could attract more mainstream and political attention to Bitcoin and potentially spark a new wave of crypto adoption across broader investor bases.

SEC Filing

Bitcoin’s Bull Run Hasn’t Even Begun? Sounds Crazy, But One Key Trigger Could Spark Parabolic Gains, Says Trader

Despite Bitcoin’s BTC/USD impressive climb from $16,000 to $110,000, some analysts believe the real bull market is yet to begin.

What Happened: In a detailed June 4 post on X, crypto trader Hoeem suggests the rally so far has been driven more by institutional flows than euphoric retail speculation, a hallmark of true crypto bull cycles.

Hoeem points to the absence of broad macro liquidity, which he believes is essential for explosive, retail-driven upside.

Drawing on research by Jesse Eckel, he references 11 “liquidity rings of power”, factors like rate cuts, quantitative easing, and fiscal stimulus, which were all active in past bull markets (2013, 2017, 2021). Today, most of these…

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LATEST: Romania’s Largest Postal Operator Begins Installing Crypto and Bitcoin Terminals

Romanian postal giant Poşta Română has partnered with BTR Exchange to launch a pilot project that installs cryptocurrency funding terminals in post offices across the country. The first terminal is now live at Post Office 1 in Tulcea allowing users to deposit cash and top up their Bitcoin Romania accounts directly.

More terminals will soon be introduced in four other cities including Alexandria Piatra Neamț Botoșani and Nădlac. This move aims to improve access to digital financial services especially in regions with limited tech infrastructure. The initiative reflects Poşta Română’s growing role in promoting financial inclusion through cutting-edge solutions.

The pilot is part of Poşta Română’s broader strategy to embrace digital transformation. After launching Romania’s first official NFT in 2022 and a campaign highlighting anti-communist heroes in 2023 the postal service continues to blend tradition with technology offering citizens innovative ways to engage with the digital world.

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WalletConnect ecosystem update: Growth, milestones, and what’s next

WalletConnect is the connectivity layer behind onchain apps and wallets used daily.

If you’ve ever connected to a crypto app, chances are you’ve used WalletConnect. Today, the ecosystem is reaching new highs and setting the stage for the next wave of growth.

300 million connections and climbing

The network has now processed more than 300 million cumulative connections, moving billions in value. From individual users to top-tier institutions, WalletConnect is the default for secure, scalable onchain interaction. But this isn’t a peak, it’s the launchpad. The next phase is already underway, and it’s accelerating.

Network growth highlights: May 2025

Cumulative… Read more on Blockworks

Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report

Bitcoin’s BTC/USD sharp rise to an all-time high of $111,800 has entered a decisive phase, as data from Glassnode reveals intensified profit-taking by long-term holders.

What Happened: The surge, initially driven by aggressive spot buying, is now encountering persistent sell pressure from earlier market participants, posing a critical test of the market’s resilience.

Glassnode’s on-chain analysis released on Thursday shows that key support levels at $103,700 and $95,600 will likely determine whether bullish momentum can be sustained.

“With key support at $103.7k and $95.6k, and signs of older investors offloading, the bulls now face a critical test of their resolve,” the report states.

While…

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LATEST: U.K. Gold Miner Bluebird Ventures Will Add Bitcoin to Company Treasury Reserves

Bluebird Mining Ventures Ltd has announced a bold new direction converting gold into digital gold by channeling revenues into Bitcoin. This strategic pivot positions the company as one of the first publicly listed UK mining firms to formally adopt a crypto-centric treasury model.

The company plans to use profits from its gold mining operations to purchase Bitcoin turning physical assets into digital reserves. This move reflects growing confidence in Bitcoin as a long-term store of value and a hedge against traditional market volatility. The firm will also hold Bitcoin on its balance sheet as a core treasury asset.

This shift marks a major milestone in the convergence of traditional mining and decentralized finance. Bluebird aims to maintain minimal overhead while building digital reserves signaling a forward-thinking strategy that embraces innovation and challenges legacy norms in corporate finance.

LATEST: Hong Kong to Open Doors for Crypto Derivatives Trading

Hong Kong’s top financial regulator is set to allow professional investors to trade crypto derivatives signaling a major step forward for the city’s virtual asset market. The Securities and Futures Commission plans to expand digital asset offerings according to a report by China Daily.

Crypto derivatives represent a much larger market than traditional spot trading. In the first quarter alone the market recorded $21 trillion in trading volume compared to just $4.6 trillion for spot trades based on data from TokenInsight. This move could unlock massive potential for the city to become a global crypto hub.

Industry leaders have welcomed the decision highlighting the long-standing demand for such regulation. Earlier this year Deribit’s chief commercial officer Jean-David Péquignot said Hong Kong was missing key rules on crypto derivatives. The city has also passed a bill to regulate stablecoins showing its commitment to building a secure and progressive crypto ecosystem.

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