{"id":2962,"date":"2025-06-15T18:08:09","date_gmt":"2025-06-15T18:08:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trumps-57m-windfall-ripples-sec-deal-and-sharplinks-463m-eth-bet-weekly-recap\/"},"modified":"2025-06-15T18:08:10","modified_gmt":"2025-06-15T18:08:10","slug":"trumps-57m-windfall-ripples-sec-deal-and-sharplinks-463m-eth-bet-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trumps-57m-windfall-ripples-sec-deal-and-sharplinks-463m-eth-bet-weekly-recap\/","title":{"rendered":"Trump\u2019s $57m windfall, Ripple\u2019s SEC deal, and SharpLink\u2019s $463m ETH Bet | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">From President Donald Trump\u2019s $57 million crypto windfall to Ripple\u2019s near-final settlement with regulators, last week marked a turning point for digital assets in both regulation and institutional adoption. <\/p>\n<p>Here\u2019s our weekly recap:<\/p>\n<h3 class=\"wp-block-heading\">Trump discloses crypto profits<\/h3>\n<ul class=\"wp-block-list\">\n<li>Last year, World Liberty Financial made $57.4 million for Trump.<\/li>\n<li>In addition to gold bar stakes worth $250,000 to $500,000, Trump\u2019s personal cryptocurrency holdings are believed to be worth $1 million to $5 million.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Hoskinson proposes Cardano DeFi investment<\/h3>\n<ul class=\"wp-block-list\">\n<li>In order to boost the ecosystem\u2019s native DeFi economy, the Cardano founder has proposed depositing $100 million in ADA (ADA) tokens from the Cardano Foundation\u2019s treasury.<\/li>\n<li>The informal plan under consideration would involve purchasing assets including Bitcoin and Cardano-native stablecoins such as USDM, USDA, and IUSD.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">SharpLink Gaming builds major Ethereum treasury<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Minnesota-based affiliate marketing firm purchased 176,270.69 Ethereum (ETH) for approximately $463 million as part of its Ethereum treasury strategy.<\/li>\n<li>This acquisition positions SharpLink as the second-largest institutional Ethereum holder after the Ethereum Foundation.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">SEC, Ripple, Solana<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Securities and Exchange Commission and Ripple have jointly filed a motion in Manhattan federal court to dissolve the injunction and release the $125 million civil penalty currently held in escrow. Under the proposed arrangement, $50 million would go to the SEC while the remaining $75 million would be returned to Ripple.<\/li>\n<li>The SEC also asked issuers of proposed spot Solana (SOL) exchange-traded funds to update their S-1 filings. This request indicates the SEC is actively reviewing Solana ETF applications and moving toward potential authorization decisions.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Tether acquires stake in precious metals company<\/h3>\n<ul class=\"wp-block-list\">\n<li>The stablecoin and gold-backed token issuer has purchased about 31.9% of Elemental Altus Royalties Corp., a Canadian precious metals royalty corporation.<\/li>\n<li>Tether Investments undertook the transaction, the company\u2019s linked but separate investment arm.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Strategy grabs headlines, again<\/h3>\n<ul class=\"wp-block-list\">\n<li>On Wednesday, the company began trading its STRD securities on the Nasdaq, which is properly known as the 10% Series A Perpetual Stride Preferred Stock.<\/li>\n<li>The new Bitcoin-backed preferred stock closed its debut day with a modest 0.24% gain.<\/li>\n<li>Meanwhile, the company paid $110.2 million for an additional 1,045 Bitcoin (BTC), which equates to an average price of $105,426 per Bitcoin.<\/li>\n<li>The acquisition brings Strategy\u2019s total holdings to approximately 582,000 Bitcoin.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Ant Group plans stablecoin licenses in multiple jurisdictions<\/h3>\n<ul class=\"wp-block-list\">\n<li>The international unit of Alipay owner Ant Group <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-12\/ant-unit-to-seek-stablecoin-permits-in-hong-kong-singapore?sref=3REHEaVI\" target=\"_blank\" rel=\"nofollow\">intends<\/a> to apply for stablecoin issuer licenses in Hong Kong and Singapore once regulatory frameworks take effect in August, according to Thursday\u2019s Bloomberg report.<\/li>\n<li>The company also plans to pursue similar licensing in Luxembourg.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Pudgy Penguins partners with NASCAR<\/h3>\n<ul class=\"wp-block-list\">\n<li>The popular NFT collection announced Wednesday a partnership with NASCAR to bring the Pengu brand to racing fans worldwide.<\/li>\n<li>Few details were provided about the collaboration in the initial announcement on social media.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Stripe acquires crypto wallet provider Privy<\/h3>\n<ul class=\"wp-block-list\">\n<li>The payments giant has purchased Privy, a cryptocurrency wallet provider.<\/li>\n<li>Privy will remain an \u201cindependent product\u201d while operating under Stripe\u2019s umbrella, promising to \u201cmove faster, ship more, and serve you even better.\u201d<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Circle launches USDC on World blockchain<\/h3>\n<ul class=\"wp-block-list\">\n<li>The stablecoin issuer said on Wednesday that its USDC token has been deployed on OpenAI CEO Sam Altman\u2019s World\u00a0project.<\/li>\n<li>The launch follows Circle\u2019s successful debut on the New York Stock Exchange through its highly anticipated public offering last week.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Nailwal becomes Polygon Foundation CEO<\/h3>\n<ul class=\"wp-block-list\">\n<li>Co-founder Sandeep Nailwal has officially assumed the CEO role at the Polygon (POL) Foundation.<\/li>\n<li>Nailwal, who launched the project in 2017 as Matic Network, will consolidate control and redirect focus toward AggLayer, Polygon\u2019s cross-chain liquidity protocol.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>From President Donald Trump\u2019s $57 million crypto windfall to Ripple\u2019s near-final settlement with regulators, last week marked a turning point for digital assets in both regulation and institutional adoption. Here\u2019s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2962"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2962\/revisions"}],"predecessor-version":[{"id":2963,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2962\/revisions\/2963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/809"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}