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The company behind President Trump’s official memecoin is reportedly looking to raise $200 million to allocate to a new digital asset treasury (DAT). Fight Fight Fight LLC wants to raise as much as $1 billion to accumulate Official Trump (TRUMP), the President’s memecoin that was launched just days before his inauguration, reports Bloomberg, citing people “familiar with the matter.” The effort to launch a DAT – which could still fall through – aims to support the price of TRUMP, which is currently down 90% from its all-time high. The TRUMP memecoin has spawned its share of controversy. In a letter to the DOJ and the Office of Government Ethics earlier this year, officials at the nonprofit consumer advocacy organization Public Citizen said the memecoin could be a violation of federal law regulating gifts to government officials. Public Citizen officials point out that the TRUMP website notes the memecoins “are not intended to be, or to be ...

Justin Sun-advised wrapped bitcoin (WBTC) has relaunched on Sun-founded TRON; however, the new product has seen zero adoption, and the abandoned old version still has approximately 100 WBTC tokens. The “Transparency” page on WBTC’s website labels BTC on TRON as a “New” product using the smart contract at TYhWwKpw43ENFWBTGpzLHn3882f2au7SMi. This contract was deployed several months ago on July 23. However, the novelty of the product is questionable. WBTC launched on the TRON blockchain early in 2021. What happened to WBTC on TRON? Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose Shortly after Sun was added as an advisor to the project, this version of WBTC on TRON was removed from the WBTC website. However, the smart contract for this version, at TXpw8XeWYeTUd4quDskoUqeQPowRh4jY65, shows that it still has a total supply of nearly 100 WBTC, presumably corresponding to 100 BTC held in the reserves for thi...

The gold price surged past $4k per ounce as Bitcoin tumbled more than 1% and Peter Schiff said the crypto market is “about to be rugged by gold.” Gold hit a new all-time high (ATH) at $4,039.13 after surging over 53% this year and doubling in the past two years, according to TradingView.  Gold price per ounce (Source: TradingView ) But Bitcoin, sometimes likened to digital gold, was down 1.3% at $122,475 as of 4:37 a.m. EST, according to CoinMarketCap. “Wall Street is so bullish on crypto that it’s hard to imagine it going much higher from here,” Schiff wrote on X. “Instead, it’s very likely that Bitcoin and everything crypto are about to be rugged by gold.”  Wall Street is so bullish on crypto that it’s hard to imagine it going much higher from here. Instead, it’s very likely that Bitcoin and everything crypto are about to be rugged by gold. As gold tops $4k, it’s likely that Bitcoin will sell off, takin...

According to Citadel founder Ken Griffin, investors are moving away from the US dollar and putting their funds into safe havens like gold, silver, and Bitcoin. The move, called a debasement trade, has Griffin worried about a “substantial asset inflation away from the dollar.” The increase in gold and Bitcoin investments has further pushed the de-dollarization agenda, which has seen significant subscribers over the last decade. Are Bitcoin and Gold Further Pushing the De-Dollarization Movement? Image: Watcher Guru The increase in gold and Bitcoin investments is apparent in the recent price surges for both assets. Bitcoin (BTC) hit an all-time high of $126,080 on Oct. 6. Gold rose to a new peak of $3,977.19 earlier today, Oct. 7. The pivot from the US dollar could be due to macroeconomic uncertainties arising from geopolitical tensions and trade wars. Bitcoin (BTC) and gold are expected to continue their respective upward trajectories over the coming months. October has also h...

Shiba Inu (SHIB) was one of the best-performing cryptocurrencies of the 2021 bull run. SHIB has also delivered some of the highest gains since its launch in August 2020. However, the asset seems to have lost much of its luster. SHIB’s price has seen a gradual decline since December 2024 and has struggled to gain momentum over this year. Let’s discuss if the popular crypto has lost its spark. Has Shiba Inu Lost Its Charm? Source: Watcher.Guru SHIB’s incredible rally in 2021 was one for the history books. The asset’s price rose by many millions of percent within months of its launch. Early investors made millions of dollars in profits, and SHIB’s popularity went through the roof. New investors who wanted to make it big with crypto wanted in on the SHIB bandwagon. However, many entered the project when it was at its peak. Shiba Inu (SHIB) is currently down by more than 85% from its all-time high of $0.00008616, which it attained in October 2021. While many ass...

Dogecoin is undoubtedly one of the leading cryptocurrency tokens that the cryptocurrency world likes to keep a close eye on. The token has been experiencing significant lows recently, unable to break past the range of $0.20 to $0.25 for an extended period. However, the token is part of the rising ETF debate, which can help Doge rejuvenate and gain back its former glory. What is truly going on with Dogecoin? Let’s find out. Also Read: Dogecoin Down 9.3% Despite ETF Listing: What Next For DOGE? DOGE Status Update Source: Forbes Dogecoin has been exploring midrange price prospects lately. The token is failing to jump and explore new price ranges, currently trading at $0.25 at press time. The token has noted an uptick of 7% in the last 7 days and is now in the queue to explore new price spots depending on the current market pace. With October proving to be a bullish month for the market historically, Dogecoin is also expected to gain some of its former glory back. According to Ali Mar...

US crypto exchange Coinbase has applied for a license to offer broader payments and custody services, aiming to bridge the gap between crypto and traditional finance. The exchange aims for National Trust Company Charter status, which would give it more authority to hold customer assets, process payments, and offer some financial services. ”The charter would continue to open up opportunities for Coinbase to launch new products beyond custody, including payments and related services, with the confidence of regulatory clarity,” it said in a statement. Coinbase clarified that “it has no intention of becoming a bank,” saying that the license is part of its broader strategy “to bridge the gap between the crypto economy and traditional financial system.” Coinbase shares climbed 2% on the news, according to Google Finance. Coinbase share price (Source: Google Finance)  Is Coinbase Hedging Against ‘Debanking?’ The move could also b...

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Visa’s stablecoin launch plans are now confirmed, and the payments giant is actually integrating digital currencies into its massive $15.7 trillion network. At SIBOS 2025, Visa declared a pilot program of stablecoin prefunding via Visa Direct and the new program is expected to modernize the cross-border payments as well as provide liquidity to businesses worldwide. The Visa stablecoin launch is in fact a solution to the slow and expensive international transfers that has been haunting the financial system quite long enough now. Visa Direct stablecoin business funding announcement – Source: Visa Visa Stablecoin Launch Set to Boost Cross-Border Payments and Adoption Source: CNBC The launch of Visa stablecoin allows financial institutions to pre-fund Visa Direct account using stablecoins rather than using traditional fiat currency. This new strategy of stablecoin adoption 2025 is to use digital assets as ”money in the bank” to get instant payouts and even removes t...

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Bitcoin Core developers reversed their plan to deprecate the user configurability of OP_RETURN’s default datacarriersize just hours before the scheduled release of Core version 30 (v30), one of the most controversial and widely publicized changes to Bitcoin’s dominant software for thousands of node operators. Pull request (PR) 33453 was merged by Core maintainer Ava Chow into Bitcoin Core’s master branch via GitHub yesterday evening New York time. The eleventh-hour accommodation signaled a slight victory for a dissident movement led by Knots node operators who have vocally protested Core’s easements of OP_RETURN’s datacarriersize. In the view of many Knots node operators, most nodes’ memory pools (mempools) should reject transactions by default carrying large amounts of data unrelated to the on-chain movement of bitcoin (BTC). Rather than burden node operators with storing and relaying arbitrary data around the network for non-currency uses of BTC, defaults should det...