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CURRENT UPDATE ON CRYPTOCURRENCY
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CURRENT UPDATE ON CRYPTOCURRENCY
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🇹🇭 JUST IN: Thailand will issue $150M in G-Tokens, a new government-backed digital investment offering higher returns than bank deposits to test market demand. @Cointelegraph News | Markets | YouTube
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🚨🚨 #Liquidations 🚨🚨 In just 24Hrs, $701Million got liquidated!
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🚨 LATEST: The US government recommends 2-year prison sentence for Eric Council Jr., who helped post a fake message on SEC's X account announcing approval of Bitcoin ETFs in January 2024. @Cointelegraph News | Markets | YouTube
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🚨🚨 #BitCoinReserve 🚨$BTC 🚨$TRUMP ⚡️ Big Buzz in Crypto Today! There’s chatter going around that Nasdaq-listed GD Culture Group has landed a $300 million funding commitment to build a crypto reserve with Bitcoin ($BTC) and the memecoin Trump ($TRUMP) — but here’s what’s really happening: --- 🔍 The Facts (Not the Hype) There’s no official confirmation yet that GD Culture Group has secured that $300M deal. Latest filings show a much smaller capital raise of about $1M back in March. However, big moves are happening in the Trump-crypto space that might be fueling the rumors: --- 🇺🇸 Trump Family Goes Full Crypto Eric Trump and Donald Trump Jr. co-founded American Bitcoin earlier this year. The company is merging with Gryphon Digital Mining, a public company, in a bid to become a major player in Bitcoin accumulation. After the merger news, Gryphon's stock jumped 173%, signaling strong market interest. Eric Trump is set to become the Chief Strategy Officer of the new venture. --- 🏦 U.S. Builds a Strategic Bitcoin Reserve In March, Donald Trump (as President) signed an executive order to create a Strategic Bitcoin Reserve, using 200,000 BTC seized by the government. There's also a Digital Asset Stockpile being formed for top coins like ETH, XRP, SOL, and ADA. This move briefly pushed Bitcoin’s price higher, but markets cooled off after the initial hype. --- 📊 Market Snapshot Today (May 13, 2025) Bitcoin ($BTC): Steady, bouncing around support levels. Trump Coin ($TRUMP): Extremely volatile, driven mostly by social media trends and political buzz. Altcoins: Mixed bag — some are riding the Trump wave, others are flat. --- If the GD Culture deal turns out to be real, it could be another major catalyst — but for now, it’s rumor mill fuel more than confirmed news.
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🇺🇸 NEW: SEC Commissioner Hester Peirce makes the case for better crypto regulation: “Tokenization cannot reach its full potential without legal clarity." @Cointelegraph News | Markets | YouTube
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