Ah, the grand spectacle of our times! Last week, the world of digital assets danced a merry jig, with President Donald Trump strutting about, flaunting a staggering $57 million crypto windfall. Meanwhile, Ripple, that slippery fish, edged ever closer to a deal with regulators, as if playing a game of cat and mouse. Truly, a turning point for the digital realm, where regulation meets the wild frontier of institutional adoption!
Now, let us dive into the delightful chaos of our weekly recap:
Trump’s Crypto Profits: A Golden Revelation
- Last year, World Liberty Financial, in a twist of fate, made a whopping $57.4 million for our dear Trump. Who knew crypto could be so generous?
- In addition to his gold bar stakes, which are worth between $250,000 and $500,000 (because why not?), Trump’s personal cryptocurrency holdings are estimated to be worth between $1 million and $5 million. A veritable treasure chest!
Tether’s Glittering Acquisition
- In a move that could make even Midas blush, Tether has snatched up about 31.9% of Elemental Altus Royalties Corp., a Canadian precious metals royalty corporation. Talk about a golden handshake!
- This transaction was orchestrated by Tether Investments, the company’s investment arm that’s as linked as a family tree at a reunion.
Strategy Steals the Spotlight, Again!
- On Wednesday, the company made headlines by trading its STRD securities on the Nasdaq, officially known as the 10% Series A Perpetual Stride Preferred Stock. Quite the mouthful, isn’t it?
- The new Bitcoin-backed preferred stock closed its debut day with a modest 0.24% gain. A triumph, or just a gentle nudge?
- Meanwhile, the company splurged $110.2 million for an additional 1,045 Bitcoin (BTC), averaging a price of $105,426 per Bitcoin. Who needs a budget, right?
- This acquisition brings Strategy’s total holdings to a staggering 582,000 Bitcoin. They must be running out of room!
Ant Group’s Ambitious Plans
- The international unit of Alipay owner Ant Group is gearing up to apply for stablecoin issuer licenses in Hong Kong and Singapore. Because why not conquer the world, one jurisdiction at a time?
- They’re also eyeing Luxembourg for similar licensing. A true globetrotter in the crypto space!
Pudgy Penguins Take to the Racetrack
- The beloved NFT collection, Pudgy Penguins, has partnered with NASCAR to bring the Pengu brand to racing fans worldwide. Because nothing says speed like a cute little penguin!
- Details about this collaboration are as scarce as a snowflake in July, but we can only imagine the excitement!
Stripe’s Crypto Wallet Acquisition
- The payments giant has made a savvy move by purchasing Privy, a cryptocurrency wallet provider. A match made in digital heaven!
- Privy will remain an “independent product” under Stripe’s umbrella, promising to “move faster, ship more, and serve you even better.” Sounds like a plan!
Circle’s Worldly Launch
- On Wednesday, Circle announced that its USDC token has been deployed on OpenAI CEO Sam Altman’s World project. A bold step into the future!
- This launch follows Circle’s successful debut on the New York Stock Exchange through its highly anticipated public offering last week. Talk about making waves!
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2025-06-15 21:10