News
16 Jun 2025, 21:43
Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean
Key Takeaways: Trump Media & Technology Group has filed to launch a Bitcoin and Ethereum ETF, with Crypto.com as custodian and Yorkville America Digital as sponsor. The ETF will allocate 75% to Bitcoin and 25% to Ethereum, pending SEC approval. The Trump Organization announced a $499 smartphone and mobile service under the “Trump Mobile” brand. The phone will be made in the U.S. and will include bundled services like telemedicine and global texting. Trump Media & Technology Group, the operator behind Truth Social and Truth+, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a new Truth Social Bitcoin and Ethereum ETF . According to the company’s June 16 announcement , the ETF will directly hold both Bitcoin and Ethereum, allocating 75% of its assets to Bitcoin and 25% to Ethereum. ETF to Hold Bitcoin and Ether in Direct Custody The new digital asset investment product, once approved, will be listed on NYSE Arca. Crypto.com has been named as the sole custodian and prime execution agent. It will also provide staking and liquidity services. The ETF’s launch is subject to the SEC’s clearance of the Form S-1 registration and a separate Form 19b-4. Yorkville America Digital will also act as the ETF’s sponsor. While no launch date has been confirmed, the decision to work with established infrastructure providers like Crypto.com may help the product withstand regulatory scrutiny. If approved, the ETF could add a new dimension to the political and financial profile of the Trump Media brand. $499 Trump-Branded Smartphone Set for September Launch The Trump Organization introduced a new mobile service and smartphone today under the brand “Trump Mobile,” marking the latest in a series of consumer-facing ventures targeting conservative audiences. Announced during a media event at Trump Tower, the $499 device will be available starting in September, alongside a monthly service plan priced at $47.45 as a reference to Trump’s current role as the 47th U.S. president. BREAKING: The Trump Organization announced Trump Mobile, which will offer 5G service starting at $47.45 through the 3 major carriers and will be releasing a phone in August called the “T1 Phone.” The phone is described as “a sleek, gold smartphone engineered for performance and… pic.twitter.com/jhtXRLveJZ — RedWave Press (@RedWave_Press) June 16, 2025 The company stated that the phones will be manufactured in the U.S. and supported by domestic call centers. Donald Trump Jr. said the offering will include bundled services such as telemedicine, international texting, and roadside assistance. “We are going to be introducing an entire package of products where people can come and they can get telemedicine on their phones for one flat monthly fee, roadside assistance on their cars, unlimited texting to 100 countries around the world,” he said at the event. The phone and network are operated under a trademark licensing agreement, with the Trump Organization not directly involved in hardware design or telecom infrastructure. DTTM Operations, which manages Trump’s intellectual property, has filed trademark applications for telecom services and accessories. Trump-linked ventures are expanding into sectors with high consumer turnover, including mobile devices and digital asset products. The latest filings and launches show a coordinated push to establish diversified commercial footprints in retail finance and telecom under a unified brand identity. Frequently Asked Questions (FAQs) Could the SEC’s ongoing scrutiny of crypto products affect the ETF’s approval? Although multiple spot crypto ETFs have been approved in 2024 and 2025, each filing is reviewed individually. Political affiliations or branding have no formal bearing, but high visibility may invite added regulatory attention. What role does Crypto.com play beyond custody? Crypto.com will also act as a staking provider and execution agent. This means it will handle trade execution and potentially generate yield on the Ethereum portion of the holdings through staking services. Could regulatory scrutiny increase due to the Trump brand’s involvement? Political affiliations can intensify attention from both regulators and advocacy groups, particularly if the product garners outsized media visibility or operates in sensitive sectors like finance or telecommunications. The post Trump’s Truth Social Wants to Launch a Bitcoin & Ethereum ETF – Here’s What That Could Mean appeared first on Cryptonews .
16 Jun 2025, 21:30
JPMorgan has filed a crypto-related trademark application for “JPMD"
According to multiple reports, JPMorgan Chase, the world’s largest bank by assets, has filed a trademark for “JPMD.” The document identifies JPMorgan Chase Bank, N.A., as the owner and cites the bank’s Columbus, Ohio, address. There is speculation that the filing is for a new U.S. dollar-pegged stablecoin, potentially named “JPMorgan Dollar” because the trademark application covers trading, exchange, transfer, and payment services tied to virtual currency, digital tokens, and blockchain-enabled money. Excerpts from JPMorgan Chase’s reported trademark filing for a potential “JPMD” stablecoin. Source: @tier10k Banks want to compete with crypto-native stablecoin issuers Stablecoin issuers like Tether have grown in influence and popularity in recent months as the world has woken up to the potential of stablecoins. Where they are concerned, issuers act like traditional banks, effectively taking their place. However, the banks are not going out without a fight. In May, reports claimed that JPMorgan , Bank of America, Citigroup, and Wells Fargo were discussing a joint stablecoin initiative. Frax Finance founder Sam Kazemian confirmed the talks, indicating that discussions have advanced beyond early speculation. The reports highlighted the desire of these banks to compete directly with crypto-native issuers as they view dollar-backed tokens as a strategic tool for providing instant liquidity and hedging market volatility. JPMorgan accepts spot Bitcoin ETFs as collateral for loans The trademark application comes after JPMorgan started accepting spot Bitcoin exchange-traded funds as loan collateral. According to June 4 reports, the program will begin with BlackRock’s iShares Bitcoin Trust (IBIT) and expand to include trading and wealth-management clients. The bank has also decided to include digital asset holdings when calculating a client’s net worth, treating them alongside equities, vehicles, and fine art during credit reviews. The Bitcoin collateral program and the “JPMD” filing are signs that the nation’s largest bank is thawing towards crypto, and while the bank is yet to announce a consumer-facing token, the trademark language mirrors the functions of a dollar-backed stablecoin . Working together, large banks in the U.S. could come to control issuance and settlement while applying the compliance standards that already exist in traditional finance. The JPMorgan filing and the multibank talks are proof that large financial institutions will continue to integrate digital assets into their core lending and payment operations. It is an innovative move, but some users on X have tagged it as an attempt to remain relevant in the shifting landscape of the financial world. The trademark filing is recent, and details remain speculative. However, one thing is certain; regulatory developments and market demand will most likely have much to do with shaping JPMD’s trajectory. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
16 Jun 2025, 21:23
BTC Tops $108K on JPMorgan Crypto Filing, XRP Rallies on ETF News
Crypto markets pushed higher on Monday as traders have shifted focus from geopolitical anxieties to crypto-related institutional developments ahead of the upcoming Federal Open Market Committee’s meeting. Bitcoin BTC has risen 3.1% in the last 24 hours and is now trading for $108,600, only a couple of thousand dollars below its all-time record. It certainly wasn’t alone in its ascension. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 4.3% in the same period of time, buoyed by strong performances from XRP and chainlink LINK, which both notched 6-7% gains, and most other tokens rising at least 3%. A check at traditional markets shows that risk appetite has returned after last week's jitters on Israel and Iran launching missiles. The S&P 500 and the Nasdaq indexes bounced 0.9% and 1.4%, while safe haven gold declined 1.5%. Crypto stocks also joined the surge. Coinbase (COIN) and Circle (CRCL) closed the day 7.7% and 13% in the green. Among bitcoin miners, Bitdeer (BTDR) and Hut 8 (HUT) gained 6.9% and 5.6% respectively. Remarkably, one of the only equities in the red was Strategy (MSTR), which lost almost 0.2%, while rival bitcoin treasury companies Metaplanet rose 25% on the Japanese stock market. Positive crypto-related news added further fuel to today's rally: JPMorgan has filed a trademark application for a product that seeks to offer digital asset services such as trading, exchange, payment services and issuance. Meanwhile, asset manager Purpose is set to launch its spot XRP exchange-traded fund in Canada as momentum for altcoin-focused ETFs grows. When altcoin season? While today's altcoin outperformance may have inspired some traders' hope for an imminent alt season, Nansen research analyst Nicolai Søndergaard poured cold water on such expectations. It's still bitcoin that's leading the market, he said, with strength often tracing back to the largest crypto's performance. "BTC has mostly served as a trigger for altcoins," Søndergaard. "Some alts also do well. BTC breaks an ATH? The market likes that." Some profits from BTC's rise to fresh record high may have trickled down to other cryptos, while some sectors such as DeFi have enjoyed short-term bursts of outperformance. "These have, however, not been prolonged runs for alts, and looking at the grand scheme of things, most alts have been bleeding for some time," he said. The focus is still very much on BTC." Bitcoin's strong rebound from Friday's low could bode well for the crypto market. Bitfinex analysts noted that the sentiment index Fear and Greed Index dropped into “Fear” territory last week, while Bitcoin’s Net Taker Volume showed aggressive selling. "This behavior, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,” the analysts said. "If BTC can hold the $102,000-$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery." Eyes on the Fed and Powell From a macro lens, attention is squarely on the Federal Reserve and Fed Chair Jerome Powell's press conference. Investors overwhelmingly expect the Fed to keep benchmark rates steady this week and the following meeting in July, according to the CME FedWatch tool , market participants will focus on Powell's remarks about clues on how policymakers navigate inflation and job market pressures. "Powell’s tone, not the rate decision, will drive volatility," digital asset analytics firm Swissblock said in a Monday note. "Expect whiplash trading across commodities, yields and risk assets."
16 Jun 2025, 21:19
Big Whale James Wynn Purchased This Altcoin According to Onchain Data
Whale trader James Wynn, known in the cryptocurrency world for his large Bitcoin long positions on the decentralized cryptocurrency exchange Hyperliquid, bought a small amount of an altcoin today, according to onchain data. Data shows that James Wynn used $104,000 worth of ETH to purchase $2.44 trillion ZEUS. However, it is important to note that this token is a memecoin with no intrinsic value and could be a scam. Related News: Developers Reveal Reason Behind 85% Drop in Altcoin Price - Alleges Being Attacked James Wynn was recently accused of anonymously hedging his Bitcoin long positions with a separate short position on centralized cryptocurrency exchanges. Wynn may have been aiming to benefit from Hyperliquid airdrops by recording high trading volumes without incurring any losses. Wynn has been talked about recently for the large losses he apparently suffered in his long positions. However, if the alleged hedge position exists, it could be said that Wynn acted in a way that misled his followers. *This is not investment advice. Continue Reading: Big Whale James Wynn Purchased This Altcoin According to Onchain Data
16 Jun 2025, 21:11
CoinShares Files for Solana Spot ETF Amid Growing Institutional Interest and Positive Market Sentiment
CoinShares has officially filed for a Solana spot ETF, marking a significant step in the competitive landscape of crypto investment products. This ETF proposal features institutional-grade custody solutions from Coinbase
16 Jun 2025, 21:11
Coinbase Faces Backlash Over 'Tone-Deaf' Sponsorship of US Army Parade
Some crypto users are upset at Coinbase for sponsoring Trump's U.S. Army parade, due to the firm's past statements and a belief that Bitcoin is inherently anti-war.
