OpenAI faces fresh bailout rumors as markets react sharply; Trump Media soars over 40% on renewed retail interest, while a new WalletConnect interview sheds light on shifting Web3 infrastructure.
Trump Media has shifted $174 million in Bitcoin following a recent purchase, signaling deeper entry into crypto markets and raising questions over strategy and regulatory scrutiny.
Buying billions in Bitcoin couldn’t prevent another quarterly loss for Trump Media, as advertising shortfalls and operational costs outweighed gains from its crypto holdings, the company reported.
Trump Media has closed a $6.42 billion agreement with Crypto.com to build a $6.4B CRO treasury, adopting a Chief Revenue Officer strategy to integrate crypto services, boost monetization and expand platform revenue.
Cronos, Crypto.com’s native token, surged about 40% after Trump Media Group announced a Chief Revenue Officer strategy within a $6.42 billion partnership, spurring investor interest.
Trump Media will implement a Chief Revenue Officer strategy as part of a $6.42 billion partnership with Crypto.com, aiming to integrate crypto services, expand monetization and bolster platform revenue streams.
In a significant development, Trump’s media company has reported $2 billion in Bitcoin holdings following the passage of new cryptocurrency legislation in the US House. This move underscores the growing influence of digital currencies in mainstream business.
Former President Donald Trump’s foray into cryptocurrency ventures has reportedly boosted his net worth by $620 million. This surge underscores the increasing influence of crypto assets in shaping the financial portfolios of prominent figures.