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Trump via Truth Social: The U.S. debt ceiling must be completely eliminated to prevent an economic disaster. It is so destructive that it should not be placed in the hands of political individuals who may wish to use it despite the horrific impact it could have on our country, and on the world indirectly.

- The size of the U.S. debt currently stands at about $36 trillion, representing 34% of the total global debt.

K Wave Media stock (South Korea) saw a skyrocketing increase of 204% on the Nasdaq before trimming its gains to 140%.

The rise came after the company announced a massive investment plan worth $500 million in Bitcoin, prompting the market to react strongly to the company's direction towards integrating cryptocurrencies into its future strategy and enhancing its role in the metaverse and decentralization.

"Trump Media & Technology" is about to take a new step towards launching a Bitcoin exchange-traded fund.

- The New York Stock Exchange has submitted regulatory documents to launch the "Truth Social Bitcoin ETF", using the name of the social media platform owned by President Trump.

- The fund will join more than 60 Bitcoin exchange-traded funds if approved.

As the deadline to raise the debt ceiling in the United States approaches, U.S. Treasury Secretary Scott Piesen affirms that his country "will never default on its debts."

- The U.S. Senate returns this week to discuss the critical legislation related to raising the debt ceiling.

- Congressional Republicans are linking the decision to the tax and spending bill, which could complicate negotiations with the Democrats.

Selling 3,220 Bitcoins and buying 34,290 Ethers on May 29, 2025

The Cointelegraph platform revealed that on May 29, approximately 3,220 Bitcoins were sold while 34,290 Ethers were purchased.

It also clarified that Bitcoin Exchange-Traded Funds (ETFs) experienced a net outflow of funds amounting to $346.8 million, while Ethereum Exchange-Traded Funds recorded a net inflow of funds amounting to $91.9 million.

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Paris Saint-Germain (PSG) announced that the club has adopted a Bitcoin reserve. The announcement was made today at the Bitcoin 2025 conference in Las Vegas. The European club is under the control of the Qatar Investment Authority, chaired by the Qatari billionaire, Nasser Al-Khelaifi, the head of the beIN Sports group, the exclusive broadcaster of most global sports competitions in the Middle East.
This makes PSG the first football club or sports entity to adopt a Bitcoin treasury reserve. It also reflects a previous BeinCrypto report that institutions and companies across all industries are buying BTC.

Currently, PSG is the champion of the local French league Ligue 1 and will play in the UEFA Champions League final next week in Munich.

Trump Media announced the completion of a deal aimed at purchasing #Bitcoin, with a total value of approximately $2.44 billion, with participation from around 50 institutional investors.

The deal included the following:

- Offering 55.9 million shares of the company, at a price of $25.72 per share, with a total return of approximately $1.44 billion.

- Issuing zero-coupon convertible bonds maturing in 2028, with a nominal value of $1 billion, and a conversion price of $34.72 per share.

- The company clarified that it will use the net proceeds, amounting to approximately $2.32 billion, to purchase Bitcoin to be part of the company's reserves, and for general corporate purposes and working capital.

- The company's stock rose by about 5% during mid-day trading.

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The U.S. Securities and Exchange Commission is taking action to put an end to its legal battle against the cryptocurrency exchange Binance Holdings, in the latest indication of a significant shift in how the agency is dealing with the regulation of the cryptocurrency market.

Binance described the delisting decision on the platform X as a "huge victory for the cryptocurrency sector," and the company thanked SEC Chairman Paul Atkins and President Trump.

In its first purchase of "Bitcoin," the video game company "GameStop" buys 4,710 units of the cryptocurrency worth over $500 million.

"GameStop" stock rose by more than 7% during pre-market trading on Wall Street.

This makes "GameStop" join major companies that have added cryptocurrency as a reserve asset, similar to "MicroStrategy."

The company had borrowed $1.3 billion to finance the purchase of "Bitcoin" from convertible bonds.

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Exchange-traded funds in America are experiencing mixed performance as investors shift from gold to the cryptocurrency "Bitcoin".

- U.S. "Bitcoin" exchange-traded funds attracted investments of over 9 billion dollars over the past 5 weeks, led by the "IBIT" fund from "BlackRock", while gold-backed funds saw outflows of more than 2.8 billion dollars.

Bitcoin currency breaches the $110,000 level again after rising 2.1% during trading today, Monday.

The rise of the largest cryptocurrency by market capitalization comes amid investor interest in risk-bearing assets following Trump's calming statements regarding trade tensions between the U.S. and the European Union.

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Bitcoin outperforms everyone!

Since 2010, Bitcoin has achieved significant growth of 1.6 million %
Compared to other assets:

– S&P 500 increased by 349%

– Gold increased by only 113%.

From this, we can confirm that Bitcoin is not just a digital asset; it is a financial phenomenon that has redefined returns.

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Major cryptocurrency platforms, Binance and Kraken, successfully repelled the same type of social engineering attacks that Coinbase Global Inc. recently faced, according to information relayed by Bloomberg from sources who preferred to remain anonymous.

Both digital platforms managed to fend off the attacks successfully, ensuring that no customer data was lost, according to the sources. Representatives of Binance and Kraken declined to comment on the cybersecurity issue.

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Cardano founder Charles Hoskinson is preparing to take legal action against individuals who claim he manipulated the blockchain to control 318 million ADA tokens.

The accusations, which recently emerged on the social media platform X, suggest that he used his private Genesis keys in 2021 to seize funds belonging to early investors.

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Bitcoin (BTC) faces a mix of bullish signals and short-term uncertainty. The recent downgrade of the United States' credit rating by Moody's has increased long-term bullish sentiment around Bitcoin, reinforcing its role as a hedge against rising debt and financial uncertainty.

At the same time, on-chain data shows a decrease in Bitcoin supply on exchanges, indicating that investors tend to hold rather than sell. Despite these bullish fundamentals, BTC is still in a short-term consolidation phase, as price movement needs new momentum to rise.

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Circle - the issuer of the stablecoin pair USDC and EURC - has made notable international progress after the Financial Services Regulatory Authority in Abu Dhabi granted it preliminary approval to operate as a licensed financial services provider in the Abu Dhabi Global Market; a step that paves the way for the company's global expansion and brings it closer to its planned initial public offering (IPO).

The approval granted to Circle by the FSRA represents a key step towards obtaining a full license to operate within the Abu Dhabi Global Market, and the company joined the Abu Dhabi Global Market last December. This approval means that it currently meets the initial conditions to conduct its activities in the region.

In this regard, Jeremy Allaire - CEO of Circle - stated: “The United Arab Emirates is creating a conducive environment for responsible innovators to establish the electronic financial ecosystem,” explaining that “the preliminary approval from the Abu Dhabi Global Market supports our strategy to establish a strong presence in markets seeking to adopt blockchain-based economic systems.”

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Gold losses are escalating to about 2.6% or 85 dollars in trading today, Thursday, as investors return to riskier assets after easing trade tensions and amid the pressures of a rising dollar.

- The precious metal plummeted in spot transactions to trade at 3204 dollars per ounce.

- Gold had surged to a record level above 3500 dollars last week, supported by concerns over Trump tariffs.

- Despite these losses, gold remains up about 24% since the beginning of 2025.

Consumer confidence in the United States fell to its lowest level in nearly five years in March, amid rising concerns about tariffs that negatively impacted economic expectations.

The Conference Board reported on Tuesday that the Consumer Confidence Index dropped by 7.9 points to 86.0 this month, the lowest level recorded since May 2020. Economists had expected the index to decline to 87.7 points.

The Present Situation Index, which is based on consumers' assessment of current conditions in the labor market and business activity, fell by 0.9 points to 133.5. Meanwhile, the Expectations Index, which measures consumers' short-term outlook for income, business activity, and the labor market, declined by 12.5 points to 54.4, the lowest level since October 2011, and well below the threshold of 80 points, which typically indicates the approach of an economic recession.

It is expected that the price of gold will reach $6,000 per ounce by the end of President Donald Trump's term, according to Frank Holmes, CEO of "U.S. Global Investors".

Holmes stated that this increase is driven by the restructuring of the global financial system, a decrease in reliance on the dollar, and unprecedented increases in gold purchases by governments, especially China.

Holmes added: "I believe the goal is to reach $6,000 during President Trump's term. If tariffs increase by 25%, the dollar will decline by a similar amount".

Gold maintained a price close to $3,300 per ounce on Friday, after reaching a peak of $3,509 earlier last week, before dropping by $200. While JPMorgan expects gold to reach $4,000 within 12 months, Holmes believes there is greater room for increase if central banks around the world continue their current pace of buying.

On Tuesday evening, President Donald Trump resumed his criticism of the Federal Reserve, claiming that Chairman Jerome Powell is not doing a good job and that he knows more than him about interest rates.

In a speech delivered at a rally in Warren, Michigan, celebrating the 100 days since taking office, Trump did not explicitly mention Powell's name but heavily hinted at his previous criticisms of the Federal Reserve Chairman.

Trump said: "Interest rates have fallen even though I have someone at the Federal Reserve who is really not doing a good job, but I won't say that... I want to be very nice and respectful to the Federal Reserve."

"You're not supposed to criticize the Federal Reserve, you're supposed to let them do what they want, but I know much more than he does about interest rates, believe me."