[Bitpush Weekend News Review] Market News: Trump Media Technology Group registered with the US SEC for investment in Bitcoin; Trump submitted his first financial report during his term, and he earned $57 million through his family's cryptocurrency company; Fidelity officially submitted Solana spot ETF S-1 registration document

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Bitpush
06-16
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Bitpush Weekend Key News Review:

Market News: Trump Media Tech Group Registers Bitcoin Investment Application with US SEC

According to market news cited by Jin10: Trump Media Tech Group (DJT) has registered an application for Bitcoin investment with the US Securities and Exchange Commission (SEC); the company states that it does not currently plan to raise funds for this purpose immediately.

Trump Submits First Financial Report During Presidency, Earning $57 Million from Family Crypto Company

US President Trump submitted his first public financial disclosure report. The publicly disclosed financial report shows that the US President earned $57 million from his family crypto company, with additional seven-figure income (millions of dollars) from guitars, sneakers, watches, and books.

Fidelity Officially Submits Solana Spot ETF S-1 Registration Document

According to WatcherGuru, Fidelity has officially submitted its Solana spot ETF S-1 registration statement to the US Securities and Exchange Commission (SEC).

Whale/Institution Again Purchases 3,875 ETH, Bought 70,000 ETH but Still Holds $150 Million in Funds

According to Lookonchain monitoring, [a whale/institution that profited $30.45 million from two ETH swing trades] spent $10 million USDC to buy 3,875 ETH an hour ago.

In the past 3 days, this address has cumulatively spent $186 million USDC to buy 70,465 ETH, at an average price of $2,647.7. It still holds $150 million USDC, meaning they have substantial funds available for further purchases.

Trump May Enter Mobile Market, Trademark Application Covers Multiple Services

According to Jin10, DTTM Operations, the entity managing Trump's trademarks, has applied to use his name and the term "T1" to provide telecommunications services. Public databases show these trademark applications were submitted to the US Patent and Trademark Office on Thursday, covering mobile phones, phone cases, battery chargers, wireless telephone services, and potential retail stores.

US senior professional lawyer Josh Gerben stated that while trademark applications do not necessarily mean products will be launched, the thoroughness of the application materials indicates careful consideration. He also noted that these trademark applications suggest Trump may be planning to launch Trump-branded mobile phones or communication services, competing with Verizon, AT&T, and T-Mobile US.

US Bitcoin Spot ETF Net Inflow of $301 Million Yesterday

According to Farside Investors monitoring, yesterday's US Bitcoin spot ETF net inflow was $301 million, including:

BlackRock IBIT: + $239 million

Fidelity FBTC: + $25.2 million

Bitwise BITB: + $14.9 million

VanEck HODL: + $6 million

Grayscale GBTC: + $9.1 million

Grayscale Mini BTC: + $7.5 million

Ethereum Spot ETF Net Outflow of $2.176 Million Yesterday, 19-Day Net Inflow Streak Ends

The highest single-day net inflow Ethereum spot ETF was Grayscale Ethereum Mini Trust ETF ETH, with a single-day net inflow of $6.669 million, with a historical total net inflow of $735 million.

Iran Plans to Attack US Bases in Middle East

According to Fars News Agency, Iran plans to strike US bases located in the Middle East.

Israeli Military Attacked Over 720 Iranian Military Facilities in 3 Days

According to Jin10, the Israeli military stated that in less than 3 days, they attacked over 170 targets and more than 720 Iranian military facilities.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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