Trump Media to Launch Bitcoin Plus ETF Under Truth.Fi Brand

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 10.92M+

• Exchanges: 785

• Market Cap: $3.15T (-2.26%)

• 24h Volume: $125.31B (+4.67%)

• Bitcoin Dominance: 60.9%

• Ethereum Dominance: 10.4%

• ETH Gas Price: 1.04 Gwei

• Fear & Greed Index: 35 (Fear)

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🚀 Trending on DexScan:

1. CHLOE/SOL +1426%

2. RUGPULL/SOL +5539%

3. Montoya/SOL +767%

4. anon/SOL +174%

5. Doghead/SOL +230%

💹 Market Highlights:

• Total DeFi Volume: $9.8B (7.82% of total market)

• Stablecoins Volume: $116.56B (93.01% of total market)

• Biggest Gainer: BERA (+664.28%)

📈 Preview On Today’s News:

1. - Trump Media to Launch Bitcoin Plus ETF Under Truth.Fi Brand

2. - Jupiter Exchange Recovers X Account After Scam Token Hack

3. - Fed Officials Weigh in on Stablecoins, Bitcoin, and Interest Rates

Keep reading below for more!

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Today’s News:

1)

Trump Media to Launch Bitcoin Plus ETF Under Truth.Fi Brand

Trump Media and Technology Group (DJT) has announced its intention to launch a Bitcoin Plus ETF, expanding its footprint in the financial technology sector. The company has filed for six trademarks under its Truth.Fi umbrella, signaling its move into exchange-traded funds (ETFs) and separately managed accounts (SMAs). This comes as part of a broader FinTech strategy that includes a $250 million investment into digital assets. The announcement follows the firm’s recent commitment to cryptocurrency investments and aligns with Donald Trump’s pro-crypto stance as he campaigns for re-election. Trump Media aims to compete with industry giants like BlackRock and Fidelity, whose Bitcoin ETFs saw record-breaking success since launching in early 2024.

• Trump Media is entering the ETF market with a Bitcoin Plus ETF under its Truth.Fi brand, filing six trademarks as part of its expansion into digital asset investment.

• With a $250 million FinTech investment, the company aims to compete with major financial players, reinforcing Donald Trump’s pro-crypto agenda ahead of the election.

2)

Jupiter Exchange Recovers X Account After Scam Token Hack

Jupiter, a Solana-based decentralized exchange aggregator, had its X account compromised on February 6, with attackers using it to promote fraudulent tokens. The hackers advertised a meme coin called $MEOW, leveraging the pseudonym of Jupiter’s co-founder, Meow, to lure investors. The fake token’s market cap surged past $20 million before the attacker drained its liquidity pool, leaving traders unable to sell. The scam continued with another token, DCOIN, before JupiterDAO issued a warning to users. Jupiter's team worked swiftly to regain control, assuring that no customer funds or treasury holdings were affected.

• Hackers took over Jupiter Exchange’s X account to promote scam tokens, manipulating the market before draining liquidity and causing the JUP token’s price to drop 12%.

• JupiterDAO and team members swiftly responded, recovering the account and confirming that customer funds remained secure.

3)

Fed Officials Weigh in on Stablecoins, Bitcoin, and Interest Rates

Federal Reserve members Christopher Waller and Austan Goolsbee recently shared their views on key economic and crypto-related issues. Waller emphasized the need for stablecoin regulation, calling them "synthetic dollars" that could enhance payment efficiency but require urgent oversight. He dismissed the idea of the U.S. holding a strategic Bitcoin reserve and reiterated skepticism toward central bank digital currencies (CBDCs). Meanwhile, Goolsbee provided an optimistic economic outlook, noting that inflation is expected to decline to 2%, the job market remains strong, and interest rates should be adjusted cautiously to align with long-term market forces.

• Christopher Waller stressed the importance of regulating stablecoins while rejecting the idea of a U.S. strategic Bitcoin reserve and questioning the necessity of CBDCs.

• Austan Goolsbee highlighted economic stability, predicting inflation will drop to 2%, employment will remain strong, and interest rate adjustments should be gradual to match market conditions.

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4)

U.S. House Scrutinizes Crypto ‘Debanking’ Amid Regulatory Reversal 

A House Financial Services Committee hearing examined allegations that U.S. regulators improperly pressured banks to cut ties with crypto firms, with Coinbase’s Chief Legal Officer Paul Grewal calling it an "abuse of power." The hearing followed a federal court case in which the FDIC was forced to release documents revealing its behind-the-scenes efforts to discourage banking partnerships with crypto businesses. Lawmakers, primarily Republicans, criticized the Biden administration’s regulatory approach, while Democrats defended the need for financial caution. Meanwhile, a judge rebuked the FDIC for delaying document disclosures, threatening sanctions if records were destroyed. The FDIC has since begun reversing its stance under Acting Chairman Travis Hill, releasing documents and reviewing past communications with banks.

• A House hearing exposed how regulators allegedly pressured banks to sever crypto ties, with Coinbase's Paul Grewal denouncing the practice as "regulation by exhaustion."

• Amid political division over crypto oversight, the FDIC has reversed its approach, releasing documents and reviewing past directives under new leadership.

5)

Bitcoin Dominance Surges Past 60% Amid Market Turmoil

Bitcoin's dominance level (BTC.D) has exceeded 60% as investors seek safety in the leading cryptocurrency amid a broader market downturn, resulting in over $2.18 billion in liquidations—the largest ever. While BTC experienced $409 million in liquidations, altcoins bore the brunt, pushing capital flow toward Bitcoin. Analysts suggest BTC.D could climb further to 63.84% or even 72.5% in the coming months, driven by institutional interest. Meanwhile, Ethereum's historical four-year cycle hints at a potential 200% rally, though short-term uncertainty looms. Ripple moved 700 million XRP into escrow, but XRP whales dumped 130 million tokens, adding to market volatility. Shibarium’s growing adoption and increased SHIB burn rate signal long-term stability for Shiba Inu.

• Bitcoin's dominance level surged past 60% as investors fled to safety, leading to a record-breaking $2.18 billion in liquidations, with altcoins hit the hardest.

• Ethereum's four-year cycle suggests a potential 200% rally, while Ripple's XRP escrow move failed to prevent a whale sell-off, and Shibarium adoption boosted SHIB’s burn rate, supporting long-term stability.

6)

Donald Trump Jr. Makes Surprise Speech at Altcoin Summit

Donald Trump Jr., known for his cryptocurrency-friendly stance, unexpectedly attended the Ondo Summit, where he delivered the closing speech. The appearance comes as World Liberty Financial, a crypto project associated with the Trump family, reportedly increased its holdings in ONDO. The event highlights the growing political and financial involvement of the Trump family in the cryptocurrency space, sparking speculation about their broader influence on the industry.

• Donald Trump Jr. made a surprise appearance at the Ondo Summit, delivering the closing speech amid growing political interest in crypto.

• World Liberty Financial, a Trump-backed crypto project, reportedly expanded its ONDO investments, fueling speculation about the family's influence in the sector.

7)

MicroStrategy Rebrands to ‘Strategy’ in Bitcoin-Driven Transformation

MicroStrategy has officially rebranded as Strategy, reinforcing its commitment to Bitcoin treasury management and AI-powered enterprise analytics. The move simplifies its identity while aligning with its long-term vision of institutional Bitcoin adoption and financial intelligence leadership. The rebrand reflects its continued Bitcoin accumulation strategy through equity, debt financing, and cash flow. CEO Phong Le emphasized that Strategy stands at the forefront of financial innovation, integrating Bitcoin and AI to reshape modern enterprise intelligence.

• MicroStrategy's rebrand to Strategy underscores its focus on Bitcoin treasury leadership and AI-driven enterprise analytics.

• The company aims to strengthen its global position by continuing aggressive Bitcoin accumulation and leveraging AI for financial intelligence solutions.

8)

Trump’s Meme Coin Controversy Sparks Legal and National Security Concerns

Former President Donald Trump’s involvement in meme coins has drawn legal scrutiny after Public Citizen filed a complaint alleging his token, Official Trump (TRUMP), violates federal laws prohibiting presidents from soliciting personal gifts. The token, which launched on Jan. 17, soared to a $15 billion market cap before dropping to $3.7 billion by Feb. 6. Critics argue that since the token offers no intrinsic value, buyers are essentially gifting Trump money, potentially breaching ethics laws. Additionally, concerns over foreign entities purchasing the token anonymously raise national security risks, as the Constitution’s Emoluments Clause prohibits presidents from accepting money from foreign governments. Trump’s holdings—80% of TRUMP’s 999.99 million supply—have fueled concerns about financial entanglements, and further regulatory scrutiny is expected.

• Public Citizen’s complaint alleges Trump’s meme coin sales violate federal laws against presidents accepting personal gifts and could pose a national security risk due to anonymous foreign buyers.

• With Trump controlling 80% of the TRUMP token supply and the market’s extreme volatility, regulatory scrutiny is intensifying over whether political figures should profit from unregulated digital assets.

9)

Trump Establishes Crypto Council, Excludes Fed and FDIC

President Donald Trump has signed an executive order creating the Working Group on Digital Asset Markets, a crypto advisory council aimed at shaping the future of digital asset regulation in the U.S. The council will include key industry figures such as Coinbase CEO Brian Armstrong, Ripple co-founder Brad Garlinghouse, and Crypto.com CEO Kris Marszalek, among others. Notably, the Federal Reserve and FDIC were excluded from the group, a decision applauded by Custodia Bank founder Caitlin Long, who accused both institutions of attempting to suppress the crypto industry. The move signals a major shift in U.S. government policy toward digital assets, with the council set to explore strategic crypto reserves and prohibit the development of a central bank digital currency.

• Trump's executive order establishes a crypto advisory council, including top industry leaders, to guide digital asset regulation and policy.

• The Federal Reserve and FDIC were deliberately excluded, reflecting ongoing tensions between the crypto sector and traditional banking regulators.

10)

Kraken’s Acquisition Sparks New Speculation on Satoshi Nakamoto’s Identity

A recent blockchain analysis has reignited speculation about Bitcoin’s mysterious creator, Satoshi Nakamoto, after Coinbase director Conor Grogan suggested that Kraken and its founder, Jesse Powell, might possess historical data linking Nakamoto to a centralized exchange. Grogan's claim follows Arkham Intelligence's indexing of 22,000 suspected Satoshi wallets, including one that previously interacted with the now-defunct Canadian exchange, CaVirtEx—acquired by Kraken in 2016. While this would be the first on-chain connection between Nakamoto and an exchange, there is no concrete evidence confirming that Kraken still holds relevant data. The crypto community remains divided, with some advocating for the secrecy of Nakamoto’s identity to preserve Bitcoin’s decentralized ethos, while others see the potential revelation as a historic breakthrough.

• Blockchain analysis suggests a Satoshi-linked wallet interacted with CaVirtEx, an exchange later acquired by Kraken, fueling speculation about Nakamoto’s identity.

• While Kraken’s potential access to historical records raises questions, there is no concrete proof that the exchange still holds relevant data, keeping Bitcoin’s greatest mystery alive.

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