**Market developments over the past 24 hours**

• Trump signed an order to raise tariffs on steel & aluminum to 50%.

• NYSE filed for approval of the Truth Social Bitcoin ETF. This is the next move by the Trump team after Trump Media established a Bitcoin fund worth $2.5 billion and launched the investment platform Truth.Fi in January 2025.

•** `#MELANİA `** - The project of Trump's wife partners with Wintermute in the context of prices dropping /37 times from the peak

• WSJ front page: Bitcoin is “partnering” with MAGA, moving away from classic liberal positions. It is understood that the Bitcoin community in the U.S. is gradually shifting to support the MAGA (Make America Great Again) movement of President Trump, rather than maintaining a personal, non-governmental liberal stance as before.

• Elon Musk criticized the spending bill supported by Trump as “disgusting.”

• Lee Jae-myung – the BTC-friendly candidate is said to win the South Korean presidential election, having promised to legalize crypto ETFs & allow pension funds to invest in BTC.

• Strategy offered $250 million in preferred shares to accumulate more BTC

• Over 151,000 wallets holding between 10 and 10,000 BTC have actively accumulated, adding 79,244 BTC in the past week.

• Pump.fun raised $1 billion with a $4 billion valuation in the upcoming token launch

• **`S`** - Sonic Labs has opened all seasons of airdrop ~200 million $S tokens for U.S. residents, becoming one of the first projects to legalize token distribution in the U.S.

• **`AERO`** - Aerodrome purchased and locked 1 million $AERO to fund public products and the Flight School program.