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9 May 2026, 18:15

Trump Media lost $406 million in Q1 2026

Trump Media & Technology Group (NASDAQ: DJT), the company behind Truth Social, reported a net loss of $406 million for the first quarter of 2026, driven almost entirely by a sharp fall in cryptocurrency prices. The parent company of Truth Social, Trump Media and Technology Group (NASDAQ:DJT) lost a net of $406 million in Q1 2026 because of a sharp downturn in crypto prices. The revenue was just $900,000 in the same quarter. This is small for a business which is valued at $2.47 billion on the stock market. As Trump himself has always vouched for crypto, TMTG had invested $2.5 billion in digital currency a year ago. However, the timing was not right because Bitcoin fell below $70,000 by March 2026. It was trading at more than $126,000 in early October 2025. Because the company is required by law to report the value of its investments even when it has not actually sold them, it had to record that drop on paper. President Trump holds about 41 percent of TMTG’s shares through a trust set up to manage his finances during his presidency. He regularly uses Truth Social to make official statements and announcements. Nunes out, McGurn in as losses mount Despite the losses, interim CEO Kevin McGurn struck an upbeat tone. “ Trump Media is using its strong balance sheet and positive operating cash flow to continue growing all our businesses and platform infrastructure. Even as we work toward advancing our proposed merger with TAE Technologies as quickly as possible, we’re identifying new growth opportunities and new ways to increase shareholder value,” he said. McGurn also addressed the platform’s direction. “Truth Social remains a bastion of free speech with innovative enhancements coming soon, and I look forward to rapidly growing our Truth Social and Truth+ communities and building out these powerful, uncancellable platforms for free expression,” he added. Before McGurn, Devin Nunes ran the company. Nunes was a former California congressman who joined the company in the earliest days. The reason he stepped down last month was mounting losses, a sliding share price, and the confusion over the company’s direction. He was also the one to launch Truth Social after Trump was banned by major platforms following the 2021 election controversy. The app remains Trump’s main platform for political announcements. Nunes also steered the company through its stock market debut in 2024 under the ticker symbol DJT, the same as the president’s initials. Shares initially shot past $60, giving Trump a significant boost in paper wealth as the company’s largest shareholder. Since then, the stock has given back most of those gains and was trading around $9.78 when the latest earnings were released, ending the day down 1%. Trump Media eyes nuclear fusion deal as it weighs Truth Social spinoff McGurn comes to the role with a background in media, having worked at companies including Hulu and Vevo, along with experience in mergers and acquisitions. His main task appears to be steering TMTG through a significant change in direction. As reported by Cryptopolitan, in December 2025, the company announced it would merge with TAE Technologies, an American firm working on nuclear fusion technology. That deal is expected to close by mid-2026 and is currently in its final stages. The company is also reportedly weighing a plan to spin off Truth Social and its other media properties into a separate business altogether. That would leave the DJT-branded entity focused primarily on energy, positioning it as a power source for the growing artificial intelligence industry. For now, the company says it remains focused on building out its platform and preparing for features it plans to charge users for down the line. Whether that strategy can close the gap between $900,000 in quarterly revenue and a $2.47 billion market valuation remains the central question hanging over the business. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

9 May 2026, 18:02

World’s Largest Wealth Manager With $5.7T In Assets Discloses Its XRP Holdings

One of the most powerful financial institutions on the planet has put XRP on its books. UBS Group, the Swiss banking giant managing $5.7 trillion in assets, disclosed its XRP holdings in a recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC). Crypto news platform Crypto.news (@cryptodotnews) shared the filing on X, drawing attention across financial and crypto communities. JUST IN: UBS, the world’s largest wealth manager with $5.7 trillion in assets, has disclosed its $XRP holdings in a new SEC 13F filing. Exposure via Grayscale and Volatility Shares ETFs pic.twitter.com/GCJWmPR3wK — crypto.news (@cryptodotnews) May 8, 2026 The 13F Filing A 13F filing is a quarterly report filed with the SEC by institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings and provides transparency into the investment strategies of large financial institutions. UBS filed this report on May 5, showing positions held as of March 31, 2026. The numbers are clear. UBS holds approximately 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.49 million. It also disclosed a smaller position in the Grayscale Investments XRP fund worth around $8,248. Why This Matters for XRP The dollar amount is modest relative to UBS’s total assets. The significance lies in the act of disclosure itself. A $5.7 trillion institution now has a formal, on-record position in XRP-linked products. XRP has received notable institutional attention , and this disclosure carries institutional weight that goes beyond the numbers on the page. 13F filings provide a rare public window into the crypto strategies of major financial players. When UBS appears in one with XRP exposure, it signals that the asset belongs in institutional conversations . Other wealth managers and investment committees take note of what peers at this scale are doing. It validates XRP as an asset class worth considering at the highest levels of global finance. The structure of the investment also matters. The Volatility Shares XRP ETF is a relatively new product. The fact that UBS chooses to hold it through regulated ETF structures shows a pathway for other large institutions to follow. Compliance officers and risk teams at major banks can point to this disclosure as precedent. Institutional Adoption Builds a Foundation Institutional involvement creates sustained buying demand. Goldman Sachs has also disclosed $153 million in XRP ETF holdings , making it the largest institutional XRP ETF holder in the U.S. UBS now joins that list, showing strong institutional confidence in XRP. When firms of this size allocate funds to XRP-related products, it increases assets under management across the ETF ecosystem, which in turn puts upward pressure on the asset’s price . UBS entering the XRP market, even through ETFs, adds a credible institutional layer to the asset. It strengthens the case for further adoption at scale. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post World’s Largest Wealth Manager With $5.7T In Assets Discloses Its XRP Holdings appeared first on Times Tabloid .

9 May 2026, 17:12

Senate to debate digital asset bill on May 14

💥 Senate Banking Committee to discuss digital asset bill on May 14. More than 70 million people in the US are involved in $BTC and other cryptocurrencies. Continue Reading: Senate to debate digital asset bill on May 14 The post Senate to debate digital asset bill on May 14 appeared first on COINTURK NEWS .

9 May 2026, 17:00

Crypto Regulation 2026: Did China Ban Bitcoin?

China has reinforced its sweeping ban on cryptocurrency activity, targeting offshore yuan-backed stablecoins and tightening restrictions on digital asset trading while continuing to push its state-controlled digital yuan strategy.

9 May 2026, 15:07

Beijing court jails two for selling personal data records as targeted crypto crimes spike globally

The Haidian District People’s Court in the capital city of Beijing has handed down a combined 150-month prison sentence and about 120,000 yuan in fines to two suspects accused of selling citizens’ identities, addresses, and social media accounts. The accused were implicated for building a searchable database that held more than 900 million personal records. China’s Supreme People’s Court publicized its ruling in this case, which is expected to be a deterrent at a time when stolen personal data has become the jet engine of a global wave of targeted crypto kidnappings and extortion. The Supreme People’s Court published four personal-data crimes, noting that stolen information is being used to carry out fraud, extortion, and “doxxing” attacks that the court said severely endanger public safety. China sends personal data sellers to prison The Haidian District People’s Court convicted Lin and Wang of infringing citizens’ personal information and illegal use of information networks, according to the court’s official WeChat announcement published on May 7. Lin had obtained over 600 million records; Wang collected more than 300 million. Together with a third suspect handled separately, they built a “social engineering database” website containing 170 million records that was accessed more than 100,000 times and used to look up personal information on over 1,300 occasions. Lin received seven years in prison and a 70,000 yuan fine. Wang was sentenced to five years and six months with a 50,000 yuan fine. Both collected payment in cryptocurrency. Leaked French data have turned into kidnapping wave While China deals with its own data theft and illegal sales, the situation has already turned extremely violent in France. In 2025, Ledger co-founder David Balland lost a finger before police rescued him from kidnappers. In another incident , a woman and her 11-year-old son were abducted in Burgundy. French prosecutors have charged 88 individuals in connection with crypto kidnappings. Cryptopolitan previously reported that Telegram founder Pavel Durov raised the alarm on X that 41 crypto holders were kidnapped in France in the first three and a half months of 2026 alone. French judicial police official Philippe Chadrys confirmed the spike, stating that the country was dealing with a multi-national criminal operation. Durov pointed to a breach at France’s Agency for Secure Documents that reportedly exposed data on 19 million people. Criminals turn stolen data turns into stolen crypto The line between data exposure and targeted crime is not hard to trace. Seb, president of the French Federation for Data Protection, wrote on X that France is on track to become the second-most-hacked country in the world in 2026, citing over 300 affected services, 23 million compromised accounts, and more than 250 million exposed data records. Chainalysis put total crypto theft at $3.4 billion for 2025, with personal wallet compromises growing from 7.3% of stolen value in 2022 to 37% in 2025. French crypto tax app Waltio reported in January 2026 that the hacker group Shiny Hunters claimed to hold personal details of roughly 50,000 customers. Ledger itself disclosed a separate breach in January 2026 that it pinned on its payment processor Global-e. The January incident is different from the firm’s 2020 breach. Cryptopolitan reported that Ledger cold wallet owners received letters in the mail, implying that the senders have their home addresses at least. China’s Supreme People’s Court signaled that personal-data prosecutions will intensify. Whether conviction and enforcement can outpace the rate of new breaches remains an open question. If you're reading this, you’re already ahead. Stay there with our newsletter .

9 May 2026, 14:32

BlackRock targets $30 billion tokenized market with new SEC filings

🚀 BlackRock enters $30 billion tokenized asset market with new SEC filings. The firm eyes both stablecoin reserve and blockchain-based money market funds. Continue Reading: BlackRock targets $30 billion tokenized market with new SEC filings The post BlackRock targets $30 billion tokenized market with new SEC filings appeared first on COINTURK NEWS .