Bitcoin Mining Firm with Trump Ties Set to Go Public via Merger
American Bitcoin, a subsidiary of Hut 8 with connections to Eric Trump, is preparing to go public through a stock-for-stock merger with Gryphon Digital Mining. The merger, anticipated to conclude by the third quarter of 2025, will result in American Bitcoin shareholders owning about 98% of the combined company. Eric Trump is expected to take on the role of chief strategy officer, highlighting the ongoing intersection of politics and the cryptocurrency mining industry. This development underscores the growing mainstream acceptance and institutional interest in Bitcoin mining, as well as the increasing involvement of high-profile figures in the sector. The merger is poised to strengthen the position of both Hut 8 and Gryphon in the competitive Bitcoin mining landscape, potentially driving further innovation and investment in the space.
Trump-Linked Bitcoin Mining Firm American Bitcoin to Go Public via Merger
American Bitcoin, a Hut 8 subsidiary with ties to Eric Trump, is set to go public through a stock-for-stock merger with Gryphon Digital Mining. The deal, expected to close by Q3, will see American Bitcoin shareholders own approximately 98% of the combined entity.
Eric Trump will assume the role of chief strategy officer, signaling continued political linkages in the crypto mining sector. Both Hut 8 and Gryphon shares rallied on the announcement, reflecting market Optimism around scaled Bitcoin accumulation strategies.
Bitcoin Price Eyes ATH As US-China Tariff Tension Eases
Bitcoin surged past $104,000 following a temporary trade agreement between the US and China, signaling renewed bullish momentum in cryptocurrency markets. The breakthrough came as both nations suspended 24% tariffs for 90 days while maintaining a 10% base rate, canceling additional levies imposed in April.
Market sentiment improved sharply after negotiators finalized terms in Geneva, with BTC leading digital assets higher. The price movement reflects growing institutional confidence in crypto as a hedge against geopolitical uncertainty, particularly during periods of trade policy volatility.
Bitcoin Rises 10% Amid Emergence of AI-Driven Ruvi as Potential Challenger
Bitcoin continues to dominate the cryptocurrency market with a 10% weekly gain, trading at $104,288 and boasting a $2.07 trillion market capitalization. Its legacy as the pioneer of decentralized digital currency remains unchallenged, yet the crypto space is witnessing the rise of new contenders.
Ruvi, an AI-driven blockchain project, is positioning itself as a potential disruptor. Analysts speculate it could reach $2.00 by 2025, with hyperbolic projections suggesting a $500 investment could yield $140,000. While Bitcoin’s proof-of-work model established the template for cryptocurrencies, Ruvi’s artificial intelligence integration represents the next evolutionary phase of blockchain technology.
Bitcoin Surges Past $100,000 Amid Record Derivatives Activity
Bitcoin breached the $100,000 threshold last week for the first time since February, fueled by a historic surge in derivatives activity. Open interest across bitcoin derivatives skyrocketed 57% to $33.3 billion in just one month, while perpetual funding rates nearly quadrupled—signaling extreme leverage in the market.
The rally appears driven more by speculative positioning than organic spot demand, with record short liquidations contributing to upward momentum. Such derivative-heavy advances often create fragile price structures vulnerable to rapid reversals when funding rates become unsustainable.
Crypto’s Mass Adoption Challenge Amid Market Turbulence
Bitcoin’s rally to a record $106,000 under the TRUMP administration fueled expectations of 2025 becoming crypto’s watershed year. Yet the first quarter has revealed a stark contradiction: digital assets are moving in lockstep with stumbling traditional markets despite their promised role as geopolitical hedges.
The sector’s inability to decouple from macro turmoil raises fundamental questions. Can decentralized alternatives truly thrive when global instability strikes? Market behavior suggests crypto remains more speculative asset than monetary SAFE haven—at least for now.
