Three prominent financial firms—VanEck, 21Shares, and Canary Capital—have formally challenged the U.S. SEC’s evolving approach to approving crypto exchange-traded funds (ETFs), emphasizing concerns over fairness and market growth. The firms
The post World Liberty Announces Strategic Acquisition of Official Trump ($TRUMP) and the Closure of Trump Meme Wallet appeared first on Coinpedia Fintech News Eric Trump, the Executive Vice President of the Trump Organization, has announced a strategic partnership between the World Liberty Finance (WLFI) and the Official Trump ($TRUMP) memecoin. According to an X post on Friday, Eric announced that World Liberty Finance and the TRUMP meme project will align for mutual long-term success. As a result of the strategic partnership, the TRUMP memecoin project agreed to halt the development of the planned meme wallet in collaboration with Magic Eden (ME). On the other hand, the World Liberty Finance team committed to a significant amount of TRUMP tokens for its long-term treasury management. Breaking News: I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi . Although their meme wallet isn’t moving forward, they remain focused on building the most exciting MEME on earth – $Trump . Moreover, we're proud to announce that World Liberty Financial… — Eric Trump (@EricTrump) June 6, 2025 Market Impact of the Collaboration Between Trump Meme and World Liberty Finance The announcement will have a detrimental midterm impact on Magic Eden (ME), which gained notable traction following the purported partnership to launch the Trump meme wallet. Already, ME price has obliterated all the gains made after the announcement earlier this week to trade at about $0.8435 on Friday, June 7 during the late North American session. Meanwhile, TRUMP, a mid-cap memecoin that has a market cap of about $2 billion and a 24-hour average trading volume of about $796 million, has gained significant bullish sentiment. The long-term support from World Liberty Finance will play a crucial role in the overall liquidity provision for the TRUMP memecoin project. As of this writing, the TRUMP meme price hovered about $10, up around 5 percent in the past 24 hours.
ETF issuers say abandoning the long-held first-to-file method stifles innovation and rewards lazy behavior on the part of filers.
Davis Commodities (NASDAQ: DTCK) has taken a notable step by allocating $4.5 million of its recent $30 million fundraising round to Bitcoin, signaling growing institutional confidence in digital assets. This
Institutional Bitcoin ETF exposure declined by 23% in Q1 2025, signaling strategic profit-taking among major investors amid shifting market conditions. BlackRock’s iShares Bitcoin Trust (IBIT) experienced notable outflows after a
The Tron network is seeing a disconnect between smart contract activity and TRX’s rising market value. The underlying asset, for its part, has climbed by more than 12% in the past month amidst a broader market recovery, and is currently trading at $0.275. As token prices surge, questions are surfacing about whether on-chain fundamentals still matter – or if market sentiment has taken the driver’s seat. Smart Contract Growth Stalls From 2017 to 2025, Tron’s ecosystem has undergone significant transformation, as reflected in the trajectory of its smart contract activity and the market price of its native token. In its early years (2017-2019), Tron experienced rapid growth. Both smart contract creation and TRX price surged, driven by strong investor interest and network excitement. However, this early phase was followed by a period of stabilization, where contract deployment and price action flattened. A second wave of growth began in 2019, as the rise of DeFi sparked increased use of smart contracts across the ecosystem. TRX price responded positively, which, according to CryptoQuant, suggested a healthy relationship between on-chain activity and market valuation. From 2022 onward, this alignment began to break down. While smart contract deployment showed signs of stagnation, as it became “sporadic and less sustained,” TRX’s price continued to rise, particularly through 2023 and 2024. Such a divergence indicates that off-chain factors, including speculative sentiment or macro market conditions, have become stronger drivers of TRX’s value. Sharp but brief spikes in contract activity during this period are likely tied to isolated technical events or short-lived projects, rather than sustained ecosystem growth. The ongoing decoupling between developer activity and price raises important questions about the network’s long-term health. While TRX maintains market momentum, the flat trend in smart contract creation could reflect declining developer interest or a maturing ecosystem with fewer novel deployments. The report further stated, “Sustainable growth in both metrics likely depends on real-world utility and ongoing developer innovation. If the downward trend in contract deployment persists, it may be necessary to investigate what’s driving TRX’s price separation from core on-chain activity.” While smart contract creation has shown signs of stagnation since 2022, user-level activity on the Tron network continues to rise. User Activity Surges on Tron The network now averages over 8 million daily transactions. This figure was up more than 30% in the past four months and was largely driven by increased participation in existing services and decentralized applications. This divergence further indicates that while innovation may have slowed, demand for current offerings remains strong. Additionally, TRX’s monthly transfer volume surged to an all-time high in May this year, reaching a whopping $132.4 billion. The post Decoupling Trend Emerges in Tron Network: TRX Rises, Smart Contract Creation Flattens appeared first on CryptoPotato .
Ripple’s recent massive transfer of $498 million worth of XRP tokens to an unknown wallet has sparked significant attention within the crypto community. This transaction follows a prior unlocking of
Crypto ETF issuers are urging the SEC to reinstate the “first-to-file, first-to-approve” rule, emphasizing fairness and innovation in the approval process for exchange-traded products. Leading asset managers VanEck, 21Shares, and
Digital asset industry advocates supported congressional candidates in Florida’s special elections in April, and now New Jersey prepares to elect its next governor.
Coinbase is set to delist four crypto tokens in June following protocol upgrades, reflecting its commitment to maintaining a secure and compliant trading environment. The affected tokens—Helium Mobile (MOBILE), Render