Eric Trump’s Bitcoin Firm Set for Nasdaq Debut via Merger with Gryphon Digital Mining

In a significant development for the cryptocurrency sector, American Bitcoin Corporation, led by Eric Trump, is preparing to go public through an all-stock merger with Gryphon Digital Mining. The deal, which positions American Bitcoin as the surviving entity, is expected to list on Nasdaq under the ticker symbol 'A'. This move marks a notable expansion of the Trump family's involvement in the digital asset space, attracting considerable attention from investors and market analysts. The merger underscores the growing institutional interest in Bitcoin and highlights the increasing convergence of traditional finance and cryptocurrency markets. As of July 2025, this development signals continued bullish momentum for Bitcoin's adoption in mainstream financial ecosystems.

Eric Trump’s Bitcoin Firm to Go Public in New Nasdaq Merger Deal

American Bitcoin Corporation, led by Eric Trump, is poised to enter public markets through an all-stock merger with Gryphon Digital Mining. The deal marks a significant expansion of the Trump family's cryptocurrency ventures, drawing intense scrutiny from investors and analysts.

The merger agreement positions American bitcoin as the surviving entity, with plans to trade on Nasdaq under the ticker symbol A. Market observers note the transaction reflects growing institutional interest in crypto mining operations amid Bitcoin's resurgence as a macro asset.

Crypto Market Sees $730M Liquidation as Bitcoin Drops Below $102K

Leveraged positions worth over $730 million were liquidated across cryptocurrency markets in the past 24 hours, with Bitcoin leading the downturn as it fell below $102,000. Data from CoinGlass reveals 73% of these liquidations were long positions, underscoring excessive bullish sentiment among traders.

The largest single liquidation occurred on Bybit—an $11 million BTCUSD order. Market participants remain wary as the upcoming US Consumer Price Index (CPI) release threatens to inject further volatility into digital asset markets.

Quant Strategy Suggests Optimal Bitcoin Exit Points Using STH SOPR Metric

Bitcoin traders may find an edge in timing their exits by monitoring the Spent Output Profit Ratio (SOPR) of short-term holders, according to a CryptoQuant analysis. The metric, which tracks profit-taking behavior among investors who acquired BTC within the past 155 days, currently shows no signs of distribution—a potential bullish signal.

Short-term holders historically react swiftly to market movements, making their SOPR a leading indicator. When the ratio enters the distribution zone, it typically signals profit-taking saturation and impending price corrections. The absence of such activity suggests accumulation may still be underway.

US Prosecutors Seek 2-Year Prison Term for Hacker Behind Fake Bitcoin ETF Tweet

Federal prosecutors are pushing for a two-year prison sentence for the individual responsible for hacking the SEC's Twitter account to post a fraudulent Bitcoin ETF approval announcement. The January 2024 incident caused Bitcoin's price to spike over $1,000 before the tweet was removed, creating significant market disruption.

The defendant, 25-year-old Alabama resident Council, pleaded guilty in January to conspiracy charges involving identity theft and access device fraud. Prosecutors described an elaborate scheme involving fake IDs, telecom store manipulations, and international coordination to execute SIM-swap attacks that compromised high-value social media accounts.

This case underscores the growing market impact of cryptocurrency-related misinformation and the vulnerabilities in digital asset markets to coordinated social media manipulation. The SEC's subsequent actual approval of spot Bitcoin ETFs months later highlights the irony of the situation.

Bitcoin Nears All-Time High Amid Balanced Market Sentiment

Bitcoin's surge past $104,000 has yet to trigger extreme greed in market sentiment, according to the Fear & Greed Index. The metric, which analyzes trading volume, volatility, and social media trends, remains firmly in 'greed' territory—a historically bullish signal for sustained upward momentum.

Unlike previous cycles where euphoria quickly set in, current conditions suggest room for further institutional adoption. The absence of reckless speculation mirrors early-stage bull markets, where measured Optimism precedes parabolic moves.

Bitfarms Faces Investor Lawsuit Over Financial Restatements

Bitcoin mining company Bitfarms is confronting a proposed class action lawsuit following its disclosure of plans to restate financial results for 2022 and 2023. Investors allege the firm misrepresented capital raising activities and maintained deficient financial controls.

The complaint claims Bitfarms improperly classified proceeds from digital asset sales as operating cash FLOW rather than investing cash flow. This accounting discrepancy follows the company's December 2023 admission of errors in consolidated financial statements after an SEC review.

Market observers note the case highlights growing scrutiny of crypto miners' financial reporting practices. "Transparency remains paramount in this capital-intensive sector," remarked one institutional analyst, speaking on condition of anonymity.