Trump Media Company Launches Crypto Token for Investors
As 2025 concludes with a convergence of politics and digital finance, U.S. president Donald Trump's media company unveils a crypto token distribution for the company's investors, while asset managers flood the zone with new filings. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us daily at2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.TRUMP MEDIA LAUNCHES SHAREHOLDER TOKEN:In a major year-end development, Trump Media & Technology Grouphas. The operator of Truth Social will distribute the token to shareholders in partnership with Crypto.com. The project is expected to operate on the Cronos blockchain, home to the native cronos token, and aims to reward shareholders while promoting "fair and transparent markets." This follows a trend of crypto-adjacent ventures from the president, whose return to the White House has already catalyzed a more favorable regulatory environment. Other crypto-related ventures that the U.S. president and his family has been involved in this past year include mining companies such as Hut 8, ALT5 Sigma Corp, American Bitcoin, and the SPAC merger with Crypto.com named Trump Media Group CRO Strategy, Inc, in addition to cryptocurrency tokens such as WLFI-USD, CRO-USD, TRUMP-USD, MELANIA-USD, and the USD-pegged stablecoin USD1.BITWISE FILES WITH SEC FOR ELEVEN STRATEGY ETFS:Asset managers are looking beyond spot assets to more complex strategy products to ring in the new year. Bitwise has. These proposed funds would utilize a rules-based strategy targeting assets such as aave, uniswap, and sui, combining direct token exposure with derivatives to capture the next wave of institutional capitalKEEFE BRUYETTE UPGRADES TERAWULF PRICE TARGET TO $24:Analysts at Keefe Bruyette have upgraded bitcoinminer TeraWulfto Outperform from Market Perform and raised its price target to $24 from $9.50. The analysts believe the market is underestimating the earnings upside from the company's strategic shift away from mining and toward high-performance computing and artificial intelligence leasing. Analysts project that high-performance computing leasing could generate roughly two-thirds of TeraWulf's revenue in 2026CYPHERPUNK BUYS ZCASH, BITMINE STAKES ETHER, AND STRATEGY BUYS BITCOIN:Public companies are closing out the year with significant moves in their digital asset portfolios. Cypherpunk Technologies(ZEC-USD), now holding roughly 1.76% of the token's circulating supply.Bitmine Immersion Technologieshas staked an additional $352M in ether, bringing its total staked holdings to approximately $1.37B. Meanwhile, in the blue-chip space, Strategyacquired over 22,000 bitcoin in December alone.COINBASE WARNS SENATE ON STABLECOIN RULES:A senior executive at Coinbasehas issued a warning regarding potential changes to U.S. stablecoin regulations., the exchange's chief policy officer stated that mishandling the "GENIUS Act" could hand China a competitive edge in the global digital payments race. This comes as China's central bank outlines plans to allow commercial banks to pay interest on digital yuan balances starting in 2026BLACKROCK LEADS BITCOIN ETF INFLOWS:Institutional demand remains robust heading into the new year., U.S. spot bitcoin ETFs ended a seven-day outflow streak with $355M in inflows on Tuesday. BlackRockled the rebound with $143.75M in inflows for its iShares Bitcoin TrustPRICE ACTION:As of time of writing, bitcoin was trading at $87,476.38, while ether was trading at $2,973.01,.
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ProShares Bitcoin Strategy ETF Falls 1.6%, iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 1.6%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in shares reflects ongoing volatility and investor sentiment in the cryptocurrency market.
RIOT PLATFORMS DECLINES BY 2.7%, MARA HOLDINGS FALLS BY 4.5%
Market Performance: RIO Tinto's stock has decreased by 2.7%, indicating a decline in investor confidence or market conditions.
Company Update: Maraholding's shares have fallen by 4.5%, reflecting potential challenges or negative news affecting the company.
COINBASE GLOBAL FALLS 3.3%, BITFARMS DECLINES 3%, STRATEGY DROPS 7%
- Market Performance: Coinbase Global's stock has decreased by 3.3%, indicating a downturn in the cryptocurrency exchange market.
- Bitcoin Farms Impact: Bitcoin Farms also experienced a decline, with their value dropping by 3%.
- Strategic Adjustments: The strategy sector has seen a more significant decrease of 7%, reflecting challenges in the broader market.
- Overall Trend: The overall trend suggests a bearish sentiment in the cryptocurrency and related sectors.
Riot Platforms Declines by 1.9%, Hut 8 Mining Shares Drop 2.9%, and Mara Holdings Falls 2.9% in U.S. Markets
Market Performance: Riot Platforms' shares decreased by 1.9%, while U.S.-listed shares of Hut 8 Mining fell by 2.9%.
Company Overview: Marah Holdings also experienced a decline of 2.9% in its share value.
COINBASE GLOBAL FALLS 2.4%, BITFARMS DECLINES 2.8%, STRATEGY DROPS 4.2%
- Market Performance: Coinbase Global's stock has decreased by 2.4%, indicating a downturn in its market performance.
- Bitfarms Decline: Bitfarms has seen a larger drop of 2.8%, reflecting challenges in the cryptocurrency mining sector.
- Strategy Impact: The overall strategy sector has experienced a significant decline of 4.2%, suggesting broader issues affecting strategic investments.
- Industry Trends: These declines highlight ongoing volatility and challenges within the cryptocurrency and related markets.
CRYPTO STOCKS DROP IN PREMARKET DUE TO DECLINING BITCOIN VALUES
Market Overview: Cryptocurrency stocks are experiencing a decline, reflecting a broader downturn in the market.
Bitcoin Prices: The price of Bitcoin is tracking lower, contributing to the overall negative sentiment in the crypto market.
ProShares Bitcoin Strategy ETF Falls 1.6%, iShares Bitcoin Trust Declines 1.4%
Market Performance: ProShares Bitcoin Strategy ETF shares have decreased by 1.6%, while shares of Bitcoin Trust have fallen by 1.4%.
Investment Trends: The decline in shares reflects ongoing volatility and investor sentiment in the cryptocurrency market.
RIOT PLATFORMS DECLINES BY 2.7%, MARA HOLDINGS FALLS BY 4.5%
Market Performance: RIO Tinto's stock has decreased by 2.7%, indicating a decline in investor confidence or market conditions.
Company Update: Maraholding's shares have fallen by 4.5%, reflecting potential challenges or negative news affecting the company.
COINBASE GLOBAL FALLS 3.3%, BITFARMS DECLINES 3%, STRATEGY DROPS 7%
- Market Performance: Coinbase Global's stock has decreased by 3.3%, indicating a downturn in the cryptocurrency exchange market.
- Bitcoin Farms Impact: Bitcoin Farms also experienced a decline, with their value dropping by 3%.
- Strategic Adjustments: The strategy sector has seen a more significant decrease of 7%, reflecting challenges in the broader market.
- Overall Trend: The overall trend suggests a bearish sentiment in the cryptocurrency and related sectors.
Riot Platforms Declines by 1.9%, Hut 8 Mining Shares Drop 2.9%, and Mara Holdings Falls 2.9% in U.S. Markets
Market Performance: Riot Platforms' shares decreased by 1.9%, while U.S.-listed shares of Hut 8 Mining fell by 2.9%.
Company Overview: Marah Holdings also experienced a decline of 2.9% in its share value.
COINBASE GLOBAL FALLS 2.4%, BITFARMS DECLINES 2.8%, STRATEGY DROPS 4.2%
- Market Performance: Coinbase Global's stock has decreased by 2.4%, indicating a downturn in its market performance.
- Bitfarms Decline: Bitfarms has seen a larger drop of 2.8%, reflecting challenges in the cryptocurrency mining sector.
- Strategy Impact: The overall strategy sector has experienced a significant decline of 4.2%, suggesting broader issues affecting strategic investments.
- Industry Trends: These declines highlight ongoing volatility and challenges within the cryptocurrency and related markets.
CRYPTO STOCKS DROP IN PREMARKET DUE TO DECLINING BITCOIN VALUES
Market Overview: Cryptocurrency stocks are experiencing a decline, reflecting a broader downturn in the market.
Bitcoin Prices: The price of Bitcoin is tracking lower, contributing to the overall negative sentiment in the crypto market.
