Trump Media Launches Cryptocurrency Project for Social Media Platform
Trump Media & Technology Group (DJT) announced plans to develop a new digital wallet for its video streaming platform Truth+ and a platform-specific utility token. With this project, the company aims to increase user engagement and develop new ways of generating revenue by integrating blockchain technology into its business model.
No Consultation on Tariffs Between China and the US
Chinese Foreign Ministry spokesperson Guo Jiakun confirmed that there have been no negotiations or talks between China and the US on tariffs in the last 24 hours. The announcement was made at a regular press conference in Beijing.
Tether Holds Over 7.7 Tons of Physical Gold for XAUT in Line with Its One-for-One Reserve Policy
In a report for the first quarter of 2025, Tether announced that it holds over 7.7 tons of physical gold reserves for Tether Gold (XAUT). Each XAUT token is backed one-to-one with LBMA-approved gold bars in Switzerland. In the first quarter of 2025, XAUT gained 9.6% to an all-time high of $3,423 and its market capitalization surpassed $770 million.
DeepSeek Releases Prover-V2 Model with 671 Billion Parameters
On April 30th, DeepSeek released DeepSeek-Prover-V2-671B, a new 671 billion parameter AI model on the Hugging Face platform. This model offers the benefits of faster and economical training/deployment with a more efficient safetensor file format and support for multiple sensitivities. It is thought to be an improved version of Prover-V1.5.
CZ: Consulting Multiple Countries on Creating Cryptocurrency Reserves
Speaking at the TOKEN2049 event, CZ announced that they provide consultancy services to many countries outside Europe on how to establish cryptocurrency reserves. He stated that they made recommendations to countries such as the US about their strategic reserve structures.
Demand for Options Increases as BTC and ETH Volatility Declines
Bitcoin and Ethereum’s implied volatility fell to a 7-day low, according to The Block. BTC and ETH options open interest increased by around $1 billion and $150 million, respectively. Call options outnumber put options by several times, while a cautious stance still prevails across the market.
Roswell, US, Establishes Strategic Bitcoin Reserve and Contingency Fund
The city of Roswell, New Mexico announced that it has received its first Bitcoin donation of 3,050,323 satoshi (approximately 0.0305 BTC), worth approximately $2,906. The fund was established to accumulate Bitcoins for at least 10 years, to create funds for emergencies after the $1 million threshold, and to be used for local needs. The donation address has been made public.
BlackRock: Bitcoin ETF Funds Start to Shift to Institutional Investors
Speaking at the Token2049 event, Robert Mitchnick, head of digital assets at BlackRock, noted that investments in Bitcoin ETFs are shifting from retail investors to institutional investors. Initially retail-intensive flows are now moving to large portfolio managers and advisory firms. He stated that this transition has matured over time and investors have started to consider Bitcoin as a safe haven in their portfolios.
by Darkex Research – 1 min read
