Blockchain technology company BTCS Inc. acquired an additional 1,000 ethereum ( ETH) for approximately $2.63 million, expanding its holdings significantly. BTCS Expands Ethereum Holdings to 13,500 ETH With New Purchase The purchase, announced Monday, was executed primarily using the Crypto.com Exchange, the platform’s institutional-grade service. According to the announcement shared with Bitcoin.com News, the ether […]

Publicly-Traded Firm BTCS Increases Ethereum Position to 13,500 ETH

Magic Eden, a non-fungible token (NFT) marketplace, has announced a 
partnership with the team behind President Donald Trump’s memecoin to create 
an official “TRUMP-branded cryptocurrency wallet.” This new product, aptly 
named the TRUMP Wallet, will not only feature Trump’s likeness and name but 
will also support trading of the TRUMP token alongside other digital assets, 
including Bitcoin (BTC). TRUMP Wallet Opens Waitlist Amid Controversy The 
waitlist for the TRUMP Wallet opened on Tuesday at TrumpWallet.com, with a 
broader launch expected later this summer, as confirmed by a spokesperson from 
Magic Eden. In a promotional push, the project is being marketed as &#8220;the first 
and only crypto wallet for true Trump fans,&#8221; enticing users with the 
opportunity to share in $1 million worth of the memecoin rewards. Those who 
sign up and refer friends will be able to enhance their position on the 
waitlist. Related Reading: Crypto Analyst Says XRP Community Should Pay 
Attention To June 4-6, Here’s Why Interestingly, Eric Trump, who has been 
involved in various cryptocurrency initiatives linked to his father, expressed 
surprise at the project. He took to social media platform X (formerly Twitter) 
to assert, “I run @Trump and I know nothing about this project!” In a follow 
up social media post, Eric further said: This project is not authorized by 
@Trump. @MagicEden I would be extremely careful using our name in a project 
that has not been approved and is unknown to anyone in our organization. KYC 
Details Still Unclear The announcement was shared by the official TrumpMeme 
account, but further details about the partnership, including terms of 
revenue-sharing and potential Know Your Customer (KYC) requirements for users, 
remain unclear. This initiative is part of a larger strategy to boost 
engagement in Trump-related cryptocurrency ventures, which have been gaining 
momentum in recent months. The Presidential family’s expanding crypto 
portfolio already encompasses a variety of digital assets, including non- 
fungible tokens, a stablecoin, a decentralized finance platform with its own 
virtual token, and memecoins named after both Donald Trump and the First Lady. 
Related Reading: Is $250K Bitcoin Possible This Year? This Research Chief 
Thinks So Magic Eden’s CEO recently attended a fundraiser dinner hosted by 
Trump for previous winners of a TRUMP coin contest, further solidifying the 
ties between the two entities. It appears that the TRUMP Wallet will be built 
on the Slingshot Finance platform, a self-custodial trading application 
acquired by Magic Eden in April. Slingshot is known for featuring various meme 
tokens, such as Bonk Inu (BONK) and Fartcoin (FARTCOIN), and does not directly 
collect user identity information; instead, this is managed by MoonPay, the 
app&#8217;s fiat on-ramp provider. When writing, the official memecoin launched by 
the President’s team trades at $11, recording losses of 12% and 21% on the 
seven and fourteen days time frame respectively. Featured image from NBC, 
chart from TradingView.com

Magic Eden Unveils TRUMP-Branded Crypto Wallet In New Partnership

Binance is cracking down on bot abuse in its Alpha Points early-access program 
after detecting coordinated bot farming activity.

Binance cracks down on bot activity in Alpha token program

The new SEC Chairman Paul Atkins has outlined fresh goals for the crypto 
industry under his leadership. In his testimony before the United States 
Senate Appropriations Subcommittee on June 3, 2025, the newly appointed 
chairman of the Securities and Exchange…

SEC Chair Atkins reaffirms promise to end ambiguity in crypto regulation.

Swedish crypto asset manager Virtune becomes the first entity to launch an ETP 
on Xetra that tracks the Coinbase 50 Europe Index, providing exposure for up 
to 50 crypto assets. According to a press release sent to crypto.news, 
Virtune&#8217;s latest…

Virtune AB launches Virtune Coinbase 50 Index ETP on Xetra

Bitcoin ETFs rebounded from a three-day outflow streak, notching a $378 
million inflow, led by ARKB and FBTC. Ether ETFs extended their bullish 
momentum with a twelfth consecutive day of inflows, totaling $109.43 million. 
Crypto ETFs See Over $487 Million Combined Inflows Investor optimism returned 
in full force as bitcoin exchange-traded funds (ETFs) returned from […]