Trump Media Files for Bitcoin Plus ETF Through Truth.Fi

Trump Media Files for Bitcoin Plus ETF Through Truth.Fi

Trump Media and Technology Group (TMTG) is preparing to launch a suite of exchange-traded funds (ETFs), including one tracking Bitcoin, under its new Truth.Fi brand. The initial funds include the Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and Truth.Fi Energy Independence ETF, with Charles Schwab as custodian and Yorkville Advisors as the investment adviser.

TMTG, majority-owned by U.S. President Donald Trump, has filed trademarks for Truth.Fi ETFs and separately managed accounts (SMAs), signaling a major push into financial services. "We aim to provide investors with a way to invest in American energy, manufacturing, and firms offering alternatives to woke funds and debanking issues," said TMTG CEO Devin Nunes.

Despite Trump's brand recognition, analysts remain skeptical about Truth.Fi's ability to compete with dominant Bitcoin ETFs like BlackRock’s IBIT, which raised over $52 billion in its first year. Bloomberg’s Eric Balchunas noted that Truth.Fi's funds will likely be much smaller but contribute to the "mainstreamification narrative."

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Berachain Mainnet Launches With $1.17B BERA Airdrop

Berachain officially launched its proof-of-liquidity Layer 1 blockchain on Thursday, distributing 79 million BERA tokens in an airdrop valued at $1.17 billion at peak prices. Trading for BERA is now live on Binance, OKX, and Coinbase, though the token has dropped 49% from its $14.83 peak to $8.00.

“Feels surreal,” co-founder Smokey the Bera posted on X. “Team and I will be in the trenches busting bugs and helping teams get set up to win on Berachain.” Berachain, built as an EVM-identical blockchain, allows users to access the network using MetaMask or Rabby wallets.

Of the 15.75% of total supply allocated for the airdrop, at least 55.75 million tokens ($800 million at peak) were instantly claimable. The remaining Boyco depositors’ rewards will unlock over 30-90 days, while 65.5 million BERA tokens are reserved for future incentives.

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MicroStrategy Rebrands to Strategy, Reports $670M Q4 Loss

MicroStrategy has rebranded as Strategy, fully transforming into a Bitcoin-focused treasury company. Despite a $670.8 million Q4 loss, mainly from a $1 billion Bitcoin impairment charge, the firm increased its holdings to 471,107 BTC worth over $45 billion. CEO Phong Le said Strategy is "significantly ahead" of its $42 billion capital plan, having deployed $20 billion toward Bitcoin.

The company also rebranded its design, replacing its software legacy with a bold Bitcoin-themed identity, incorporating a “₿” logo, and adopting an orange color scheme.

New FASB accounting rules will boost Strategy's balance sheet by $12.75 billion, allowing unrealized Bitcoin gains to be reflected as income. Bernstein analysts noted that Strategy trades at a 110% premium to its Bitcoin NAV, compared to a historical average of 60%, showing strong investor confidence.

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Ondo Finance Unveils Ondo Chain for Institutional Tokenization

Ondo Finance launched Ondo Chain, a Layer 1 blockchain designed to bring institutional-grade financial markets onchain. The network combines permissioned security with the accessibility of public chains, with Franklin Templeton, Wellington Management, and WisdomTree advising on its design. CEO Nathan Allman stated, “Financial markets are overdue for an upgrade.”

The launch follows Ondo’s new tokenization platform, which enables onchain trading of stocks, bonds, and ETFs. Shortly after the announcement, Trump-backed World Liberty Financial invested $470,000 in ONDO tokens, deepening its position. BlackRock CEO Larry Fink and Robinhood’s Vlad Tenev have recently championed tokenized RWAs as the next evolution of finance.

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Data of the Day

New onchain research suggests Bitcoin’s creator Satoshi Nakamoto holds 1.096 million BTC, valued at over $108 billion, surpassing Bill Gates' $106 billion fortune. Coinbase director Conor Grogan cited new data from Arkham Intelligence, identifying additional addresses potentially linked to Nakamoto’s early mining activity.

Grogan also uncovered a 2014 transaction between a Satoshi-linked wallet and the Canadian exchange CaVirtEx, later acquired by Kraken. He speculated that Kraken’s founder, Jesse Powell, may have access to KYC data that could reveal Nakamoto’s identity. Kraken’s official X account responded cryptically, stating, "We are all Satoshi."

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More Breaking News

• Jupiter's X account was hacked, promoting a fake memecoin, with multiple users reporting stolen Solana tokens.
• Bybit received regulatory clearance in India after paying a $1 million fine, settling compliance issues with the Financial Intelligence Unit.
• A test memecoin on BNB Chain surged to a $52 million market cap minutes after CZ mentioned it on X, despite Binance clarifying it was not an official token.
• DEX aggregator 1inch integrated ZKsync to enable faster and cheaper cross-chain swaps, with zero-knowledge technology for reduced gas fees.
• Tornado Cash developer Alexey Pertsev will be released from prison on supervised release, as he appeals his money laundering conviction.
• Former Celsius CEO Alex Mashinsky has requested a one-month delay for his sentencing, citing the need for more time to prepare his defense.
• Czech President Petr Pavel signed a bill exempting crypto held for over three years from capital gains tax.

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