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DJT CEO: Bitcoin is the "crown jewel" of assets, the ultimate tool for financial freedom

2025.05.27 21:32:18

On May 27th, Devin Nunes, the CEO and Chairman of Trump Media & Technology Group (DJT), stated, "We regard Bitcoin as the ultimate instrument for financial freedom. Trump Media will now make cryptocurrency an essential part of our assets, signifying our first acquisition at the 'crown jewel' level. This investment will assist our company in warding off harassment and discrimination from financial institutions that plague numerous Americans and American companies. It will also generate synergies for Truth Social and Truth+ subscription payments, utility tokens, and other planned transactions. This is a substantial step for the company in its transformation plan to acquire more profit-generating 'crown jewel' level assets that are in line with American principles."
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Bitcoin undergoes a correction, altcoins see sharp pullbacks, while earlier strong cryptocurrencies take the opportunity to consolidate.

Following Bitcoin’s pullback yesterday, altcoins across the crypto market plunged sharply. According to HTX market data, on the CEX’s decline leaderboard, MUBARAK led with a 32.14% drop, while ONE fell over 24% to take second place. Previously strong tokens such as UNI saw a 11.75% decline today, retreating to above its prior support level, now trading at $9.254. ZEC dropped 6.16% to $1,516.99. LIT, which hit an all-time high yesterday, remained relatively resilient with no notable correction, currently priced at $5.3438, up 4.75% over 24 hours.

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A whale that added 15,000 ETH to its position yesterday cut most of its holdings after Ethereum’s price fell overnight, locking in a $21.12 million profit.

Per monitoring by YuEmber, an OTC whale/institution that added 15,000 ETH to its positions only yesterday took partial profits and cut most of its ETH holdings after the early morning price drop today: it transferred 42,000 ETH (worth $112 million) to Galaxy Digital seven hours ago, locking in $21.12 million in profits. The address accumulated 52,000 ETH over the past two months at an average price of $2,161, and reduced its 42,000 ETH position at $2,664 in the early hours of today.

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U.S. Senate Banking Committee Democrats demand public hearing on prediction markets

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Trump AI rebranding-themed meme coin Super Inu on the Solana blockchain briefly saw its market capitalization surge past $10 million, posting a 176% gain in 24 hours.

Per GMGN market data, the Solana-based meme coin Super Inu (SI) briefly topped $10 million in market capitalization, now trading at $8.05 million with a 24-hour gain of 176%. Earlier, news emerged that during his UN General Assembly speech, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. documents would use "Super Intelligence" to refer to AI. BlockBeats reminds users that related tokens have small market capitalization and high price volatility, so investors should exercise caution.

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The United States is considering promoting the overseas use of U.S. dollar stablecoins to consolidate the U.S. dollar's reserve currency status.

The U.S. government is considering promoting the overseas use of dollar-denominated stablecoins to consolidate the U.S. dollar’s status as the global reserve currency and boost demand for U.S. Treasury bonds. People familiar with the matter said the U.S. government is considering supporting stablecoin-related initiatives through measures such as forming joint ventures with private enterprises, with agencies including the U.S. Department of the Treasury, the State Department, and the U.S. International Development Finance Corporation (DFC) potentially participating. (Bloomberg)

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The Nikkei 225 index opened 0.6% higher, while South Korean stock markets are closed for a holiday.

According to Bitget's market data, today's Nikkei 225 index opened 0.6% higher, while South Korea's stock market is closed today due to a holiday.

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