Today’s Top Crypto News
The $Melania token is making headlines after 24 wallets reportedly bought $2.6 million worth of the token right before Donald Trump’s announcement on Truth Social—netting an estimated $100 million in profits. While it’s unclear who’s behind the wallets, many are speculating insider trading. However, it could also be a group of meme coin traders who simply had a well-timed hunch.
In Europe, banks are still being held back by strict Basel Committee regulations, preventing them from diving into Bitcoin markets—despite increasing investor demand. Many banks are eager to enter the crypto space but remain sidelined due to regulatory limitations.
Back in the U.S., the Democratic party continues to take an anti-crypto stance. Senator Richard Blumenthal is currently probing the Trump Coin, suggesting that Trump’s dinner idea for foreign leaders may be a “pay-to-play” scheme. Critics also claim he may be connected to World Liberty, even though Trump reportedly has no stake in the company. Meanwhile, several Democratic governors have vetoed proposals to add Bitcoin to state reserves—further reinforcing the party’s crypto skepticism.
The Tron network continues to prove its reliability, with data showing an impressive 99.7% of its expected 28,800 blocks being produced daily. This cements Tron’s reputation for stability and security in the blockchain world.
On the institutional front, BlackRock’s Bitcoin ETF (IBIT) has overtaken gold’s GLD fund, recording $6.96 billion in inflows so far this year. GLD, the world’s largest gold-backed ETF, has dropped to seventh place with $6.5 billion. This shift signals strong investor confidence in Bitcoin as a store of value.
In tech news, OpenAI CEO Sam Altman has teased a new social network from the makers of ChatGPT. While there’s buzz that it could challenge X (formerly Twitter) as the crypto community’s go-to platform, experts are skeptical—citing concerns around centralization, culture, and operational costs.
That wraps up today’s headlines. Remember: this is not financial advice—just the news. Always do your own research before investing.
Thanks for reading,
Crypto King