Government Data "on the Blockchain”

Gryphon Digital Mining (GRYP) shares are up nearly 25% this morning on news the company will merge with American Bitcoin in the coming weeks. The new company will retain the American Bitcoin name and be controlled primarily by Hut 8 and the Trump brothers, who together will own about 98% of the stock. The company will commence trading under the ticker ABTC in September. Read more →

When Secretary of Commerce Howard Lutnick said "we're going to put out GDP on the blockchain" earlier this week – nobody really knew what he meant, or if it was simply more marketing trope as the administration continues to endorse crypto. Turns out, he wasn’t kidding as today the US government officially began distributing real GDP data on 9 different public blockchains – creating another avenue, not a replacement, for publishing the economic data, according to Commerce Department officials. Read more →

While this news occurred on Tuesday, we didn’t get a chance to cover it until today. Shares of Trump Media & Technology Group (DJT) and Crypto*com’s token, Cronos (CRO), spiked this week after the companies announced an agreement to launch Trump Media Group CRO Strategy, a treasury venture focused on accumulating Cronos. The venture will also merge with the SPAC Yorkville Acquisition Corp (YORK), and trade under the ticker MCGO (Make Cronos Great Again - lol). The partnership will also integrate the exchange’s digital wallet infrastructure into Truth Social. Read more →

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