NSMTEY

🇦🇪💰 UAE FIRM INVESTS $100M in TRUMP-LINKED CRYPTO

Cryptocurrency firm World Liberty Financial (WLFI), backed by Donald Trump and his sons, has raised $100 million from the Emirates-based Aqua1 fund. This makes the fund the largest holder of WLFI tokens - more than Tron founder Justin Sun, who previously invested $30M. 🪙📈

Aqua1 says it wants to help develop blockchain infrastructure focused on real-asset tokenization (RWA), stablecoins and efficient global capital 🌍🔗
"The USD1 ecosystem of WLFI and asset tokenization is a trillion-dollar opportunity," says Aqua1's Dave Lee.

⚠️ Conflict of interest?

WLFI faces pressure over Trump connection. The President has admitted to earning over $57M in revenue from WLFI and holds 15.75 billion tokens. His son Eric Trump announced that Abu Dhabi firm MGX will use stablecoin USD1 to settle a $2B investment in Binance. 🔄💸

All this is happening while the US Congress is dealing with stablecoin legislation. Some politicians are warning that the president may support laws favoring his company. 🇺🇸⚖️

🧾 At a Senate hearing, the Attorney General refused to answer questions about WLFI.
"Americans should make American decisions - not be influenced by foreign crypto money," said Senator Merkley.

📜 There is a bill, the GENIUS Act, that would ban presidents from holding crypto while in office.

•🤔 WHAT DO YOU THINK? LET US KNOW IN THE COMMENTS 👇🏼👇🏼

#TRUMP #UAE #Binance

🎮 GameStop failed to impress investors even with a $450 million capital raise - even though the money may be going into Bitcoin
Despite expectations, GameStop stock remains without much movement 📉. The company announced that an investor from its original $2.25 billion convertible bond program has exercised the option and raised an additional $450 million. The money is to be used for "general corporate purposes," which the company has previously said may include Bitcoin purchases. ₿

At the current price of Bitcoin (~$108,000), GameStop could theoretically double its cryptocurrency reserve, which now stands at 4,710 BTC. Yet the market reacted tepidly to the announcement. On the day of the data release, the stock fell from $23.03 to $22.45 (-2.5%), later correcting back slightly. 📊

📆 The market reacted in a similar vein back in May of this year - that's when GameStop announced its purchase of Bitcoin for half a billion dollars, but the stock still fell 11%. While other companies rose on the announcement of the crypto purchase 📈 - such as Japan's Metaplanet (+22%), Indonesia's DigiAsia Corp (+91%) and France's Blockchain Group (+225%) - GameStop remains out of the investors' interest.

💬 Vincent Liu, chief investment officer at Kronos Research, commented that Bitcoin holdings alone are not enough for the firm. According to him, it is necessary to have a clear strategy, a plan for capital management and liquidity enhancement. Without specific execution and a long-term vision, such moves have no potential to bring lasting value to companies. 🔐📈

The GameStop case thus shows that Bitcoin can indeed be a powerful tool in the hands of companies, but only if its use is part of a well-thought-out strategy - not just a marketing gesture. 🧠💼

“It’s not just buying Bitcoin. It’s how and why. Clear strategy and strong execution build trust and attract liquidity, but if it’s just hype or a ‘sell the news’ event like GameStop, the impact will be muted.”

#gamestop $BTC #invest

• Invesco Galaxy files for Solana ETF, 9 issuers now in the race 📈💼

Invesco and Galaxy Digital have filed the initial documents to launch a spot Solana ETF, making the ninth similar entry to be put before US regulators 🏛️.

Nine asset managers are now looking to launch an exchange-traded fund (ETF) tracking Solana, with Invesco the latest to join the bidding as the firm looks to push products beyond Bitcoin and Ethereum 🔍📊

In a regulatory filing on Wednesday, Invesco and Galaxy Digital put forward the Invesco Galaxy Solana ETF, which aims to track the spot price of Solana $SOL — currently the sixth-largest cryptocurrency by market cap 💰🚀.

It’s the ninth filing for a Solana-tracking ETF, joining bids from the likes of VanEck, Bitwise and crypto ETF giant Grayscale 🏦📉.

The firms are looking to test the market’s appetite for so-called altcoins after the big success of Bitcoin ETFs launched in early 2024 🟠 and milder wins for Ether funds launched later that year 🟣.

The Trump administration has promised to ease regulations on crypto 🇺🇸, setting off a wave of optimism through the sector that has seen Bitcoin hit new highs 📈 and triggered a slate of public companies to raise billions 💸 to invest in Bitcoin long-term.

• Invesco Galaxy fund to directly hold Solana 🪙

Invesco and Galaxy’s filing — a Form S-1 registration statement to the SEC — lays out that the ETF plans to directly hold Solana, just like other competing ETFs 🔐.

If approved ✅, the ETF would trade on the Cboe BZX exchange under the ticker “QSOL” 🧾.

The firms must still submit a Form 19b-4 to propose a rule change, which is necessary for the SEC to start reviewing the ETF application 🗂️.

#etf #solana #solanaetf