U.S. authorities have charged two men for running a crypto investment scam that defrauded thousands of investors. According to an indictment unsealed on Monday, co-founders Michael Shannon Sims and Juan Carlos Reynoso launched the fake investment platform in 2019, ran…

U.S authorities charge two crypto founders in $650 million scam

Trump Media &amp; Technology Group (TMTG) quietly lodged an S-1 with the US 
Securities and Exchange Commission late on July 8, seeking approval for the 
“Truth Social Crypto Blue Chip ETF.” Despite a swirl of social-media posts 
placing the paperwork in early June, the SEC’s time-stamp confirms the filing 
date as July 8. The prospectus sketches a five-coin portfolio weighted 
approximately 70 percent to bitcoin, 15 percent to ether, 8 percent to solana, 
5 percent to Cronos and 2 percent to XRP, making it the first Trump-branded 
product to diversify beyond the two largest digital assets. The trust, 
structured as a Nevada business trust and sponsored by boutique issuer 
Yorkville America Digital, aims to list its shares on NYSE Arca. Foris DAX 
Trust — the US institutional arm of Crypto.com — is named digital-asset 
custodian, while authorized participants will create and redeem blocks of 
10,000 shares in kind or for cash, subject to NYSE rule changes. The 
prospectus also discloses that staking rewards on ether, solana and cronos may 
be passed through to the fund, a design choice that would set a precedent 
among US spot-crypto ETFs. Related Reading: Pundit Explains Why XRP Stands To 
Gain Big From Ripple’s RLUSD Analyst Eric Balchunas of Bloomberg distilled the 
filing in two succinct posts on X: “New filing for the Truth Social Crypto 
Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, 
Solana, XRP and Cronos,” he wrote; in a follow-up, he reproduced the pivotal 
language: “the Trust’s allocation… is initially expected to approximate 70% 
bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP.” Those percentages now serve as 
the market’s working model for how the Trump universe ranks crypto’s ‘blue 
chips.’ Why Solana, Cronos And XRP? Overall, the allocation may serve as an 
implicit ranking of the top five crypto assets as viewed through the lens of 
Trump’s inner circle. Binance top trader by PnL Nachi (@alphawifhat) commented 
via X: “I think it&#8217;s useful to look at the allocation ratio of the Truth 
Social Crypto ETF […] I see this as an indication of how Trump&#8217;s crypto team 
looks at the top crypto assets and what are the top 5 they want to value the 
most. This could be a catalyst to pump CRO as it&#8217;s a dark horse.” Solana’s 
climb to an 8 percent weight is more than a momentum trade. CME Group this 
spring announced cash-settled Solana futures pending CFTC sign-off, extending 
the same institutional rails that helped bitcoin and ether graduate into ETF 
form. Notably, the SEC has set a July deadline for spot Solana ETF refilings, 
indicating a potential approval before the October 2 deadline. Related 
Reading: XRP Set To Shock The Crypto Market With 30% Share, Analyst Predicts 
Cronos leaps over better-capitalized tokens because Crypto.com is literally 
powering Trump’s ETFs. “We are proud to partner with Trump Media and 
Yorkville… including the first-of-its-kind basket of tokens featuring CRO,” 
Crypto.com co-founder Kris Marszalek said in March when the multi-year, 
roughly $2.7 billion partnership was unveiled. Under the agreement, Crypto.com 
supplies custody, liquidity and back-end order routing for all Truth-branded 
funds. XRP brings up the rear at two percent, reflecting both its renewed 
legitimacy and its still-nascent institutional plumbing. On June 27, Ripple 
Labs announced that it will withdraw its cross appeal against the SEC. The 
token’s modest two-percent slice is politicized as much as it is financial. In 
early March a staffer from Ballard Partners—the K-Street shop that counts 
Ripple as a client—slipped Donald Trump draft language for a Truth Social post 
urging that XRP, Solana and Cardano be placed in a national “Crypto Strategic 
Reserve.” Trump hit “post” and only later discovered the Ripple connection; 
insiders told Politico he “was furious and felt like he’d been used.” Despite 
that, the inclusion of XRP still shows Trump’s ties with Ripple. At press 
time, XRP traded at $2.33. Featured image created with DALL.E, chart from 
TradingView.com

XRP Makes Trump’s Unspoken Crypto Top 5—What You Need To Know

Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital 
for driving ecosystem growth.

Ethereum corporate treasuries critical for the ecosystem: Joseph Lubin

Emirates&#8217; crypto payment integration could accelerate digital currency 
adoption in global travel, aligning with Dubai&#8217;s financial innovation goals.
The post Airline giant Emirates to accept Bitcoin and crypto payments for 
flights, services appeared first on Crypto Briefing.

Airline giant Emirates to accept Bitcoin and crypto payments for flights, services

Biosig Technologies and Streamex Exchange have secured up to $1.1 billion in 
financing to launch a gold-backed treasury strategy and expand real-world 
asset tokenization in the commodities sector. Nasdaq-Listed Biosig Eyes $16 
Trillion RWA Tokenization Market With Massive Gold Treasury Plan Biosig 
Technologies (Nasdaq: BSGM), following its merger with Streamex Exchange 
Corporation, has announced definitive […]

Biosig and Streamex Secure $1.1 Billion to Launch Gold-Backed RWA Tokenization Strategy

Emirates and Crypto.com will work together to introduce crypto payments and 
launch promotional campaigns to boost adoption.