Eric Trump Champions Bitcoin as Trump Family Aligns with Crypto Movement
In a notable speech at Consensus in Toronto, Eric Trump positioned the Trump family as staunch allies of the cryptocurrency sector, criticizing traditional banks and highlighting Bitcoin’s growing influence. With BTC priced at 103,704.020000 USDT, his remarks signal a strategic shift toward decentralized technologies in political and financial circles.
Eric Trump Aligns Trump Family with Crypto Community, Criticizes Traditional Banks
Eric TRUMP positioned the Trump family as allies of the cryptocurrency sector during a speech at Consensus in Toronto. "The banks made the biggest mistake of their lives," he declared, framing digital assets as a counterforce to traditional finance. His remarks underscored a strategic alignment between political figures and decentralized technologies.
The executive also highlighted his advisory role with World Liberty Financial, which recently launched USD1—a dollar-pegged stablecoin surpassing $2 billion in market capitalization. The stablecoin now operates across multiple blockchains via Chainlink’s interoperability protocol, signaling institutional-grade infrastructure for digital assets.
Crypto Miners and Galaxy Digital Surge Amid AI Optimism and Nasdaq Debut
Crypto mining and data center firms saw significant gains as Optimism around artificial intelligence computing demand surged. Cipher Mining, Hive Digital, Hut 8, and TeraWulf jumped 10%-20% following CoreWeave’s $4 billion deal with OpenAI. CoreWeave itself soared more than 26%, underscoring the market’s enthusiasm for AI-linked infrastructure.
Galaxy Digital rose 8% on its Nasdaq debut, marking a milestone for the crypto investment firm previously listed only in Toronto. The rally in crypto-related stocks contrasted with flat performance in major cryptocurrencies, as Bitcoin hovered around $104,000.
Alabama Man Sentenced to 14 Months for Hacking SEC’s X Account to Pump Bitcoin
Eric Council Jr., an Alabama resident also known as "Ronin" and "Agiant," has been sentenced to 14 months in prison for his role in a SIM swap attack that compromised the U.S. Securities and Exchange Commission’s X account. The breach led to a fraudulent post announcing the approval of bitcoin ETFs, which temporarily inflated BTC’s price.
Council pleaded guilty to conspiracy to commit aggravated identity theft. The January 2024 incident highlighted vulnerabilities in social media security and its potential to manipulate cryptocurrency markets.
Warren Buffett Fully Exits Nubank Stake in Final Rejection of Crypto Exposure
Berkshire Hathaway’s complete liquidation of its position in Brazil-based Nubank marks Warren Buffett’s definitive retreat from crypto-adjacent investments. The MOVE comes despite accelerating institutional adoption during Bitcoin’s 2025 bull run.
The Oracle of Omaha’s three-year stake in the digital banking platform was terminated as Nubank expanded its cryptocurrency services. Buffett’s exit reinforces his longstanding skepticism toward digital assets, even as traditional finance increasingly embraces blockchain infrastructure.
Market observers suggest the divestment reflects either philosophical opposition to speculative assets or strategic profit-taking during heightened market euphoria. Bitcoin continues consolidating below record highs while institutional inflows reach unprecedented levels.
Basel Medical Group to Allocate $1B to Bitcoin Amid Strategic Expansion
Singapore’s Basel Medical Group (BMGL) is making a bold move into digital assets, announcing plans to acquire $1 billion worth of Bitcoin to fortify its balance sheet. The healthcare provider frames this as a strategic play to accelerate Asian market expansion while navigating declining share prices.
Negotiations are underway with a consortium of crypto-savvy institutional investors and high-net-worth individuals. CEO Darren Chhoa positions the allocation as transformative: "This gives us unprecedented capacity to execute our Asia growth strategy," he stated, suggesting the move will create one of the region’s strongest balance sheets in healthcare.
The proposed transaction marks one of the largest corporate Bitcoin acquisitions in Asia, reflecting growing institutional acceptance of crypto as a treasury asset. Basel anticipates enhanced M&A capabilities and financial resilience from the capital infusion.
