Latest news with #TruthSocialBitcoinandEthereum
USA Today
25-06-2025
- Business
- USA Today
US stock futures near flat, but S&P 500 closes in on record high. Fed chair speaks again
U.S. stock futures are little changed, with the broad S&P 500 within striking distance of its record high. Around 7:08 a.m. ET, futures linked to the S&P 500 edged up 0.02%, or 1.25 points, to 6,147.50, while blue-chip Dow futures dipped 0.08%, or 35 points, to 43,389.00; and tech-heavy Nasdaq futures gained 0.15%, or 33.75 points, to 22,446.50. The benchmark 10-year Treasury yield was flat at 4.293%. Oil's slide ended, with prices last up 0.99% at $65.01 per barrel. Oil prices had dropped two days in a row as it looked like Middle East oil supplies would remain intact. Stocks advanced during the day session after Israel and Iran agreed on a ceasefire. Though fragile -- both sides accused each other of having broken the pact within hours of it becoming effective -- investors seem to believe it will hold, or at least help keep the conflict contained and keep global oil supplies intact. As a result, oil prices slid for the second straight day. With Mideast tensions easing, investors will turn their attention to the second day of Federal Reserve Chairman Jermome Powell's testimony to Congress. In his first appearance, he stayed on script, repeating his "wait-and-see" approach to rate cuts. He said the economy was stable enough now to see how tariffs affect inflation before deciding on any rate cuts. Corporate news Cryptocurrency The New York Stock Exchange filed for a rule change to allow it to list the Truth Social Bitcoin and Ethereum ETF. Bitcoin was last up 0.85% at $106,942.90. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
The Market Online
19-06-2025
- Business
- The Market Online
Buzz on the Bullboards: Taco Tuesday
The TSX has struggled to find its footing this week, weighed down by escalating hostilities between Israel and Iran. The geopolitical unrest has injected fresh volatility into global markets, with investors seeking safe havens amid fears of broader regional destabilization. The timing of the conflict has added pressure to an already tense gathering of G7 leaders—representing the U.K., Canada, France, Germany, Italy, Japan, and the U.S.—alongside the European Union in Alberta. The summit, intended to foster economic cooperation, has been overshadowed by strained relations stemming from U.S. President Donald Trump's controversial tariffs. Trump, whose sparsely attended US$45 million taxpayer birthday celebration and military parade were met with mass 'No Kings' protests across the U.S., departed the summit early on Tuesday to address the Middle East crisis. Maybe they just had really good camouflage at the parade? What the 'Buzz' Our Bullboards have up to 2 million pageviews a day. Get the inside scoop on conversations around the most significant trends and stock appreciations in our weekly wrap up. Get 'Buzz on the Bullboards' delivered to your inbox every third Thursday! Buzz on the Bullboards | Sign Up Here Despite the broader market unease, several stocks have made headlines this week, offering investors both cautionary tales and potential opportunities. Taco supreme Trump Media and Technology Group Corp. (NASDAQ:DJT, Forum), the parent company of Truth Social, Truth+, and it announced a bold new venture: the filing of an initial registration statement with the U.S. Securities and Exchange Commission (SEC) for the Truth Social Bitcoin and Ethereum ETF, ticker symbol B.T. The ETF aims to directly hold Bitcoin (75 per cent ) and Ether (25 per cent ), offering investors exposure to the two largest cryptocurrencies. has been tapped as the exclusive custodian and execution agent, also providing staking and liquidity services. The ETF's launch is contingent on the SEC's approval of both the registration statement and a Form 19b-4 filing. If approved, the ETF will be listed on NYSE Arca, with Yorkville America Digital acting as sponsor. It is sure to be as successful as Trump University, or Trump Steaks, or rump watches (the T fell off), or 2/3rds of his marriages (including Elon). Despite the ambitious move into digital assets, DJT stock has been under pressure, down 45.72 per cent year-to-date and 40.88 per cent year-over-year, reflecting investor skepticism amid ongoing volatility and regulatory scrutiny in both the crypto and media sectors. Oil be there for you With oil prices surging due to the Middle East conflict, energy stocks have seen renewed investor interest. MEG Energy Corp. (TSX:MEG, Forum) is in the spotlight after rejecting an unsolicited takeover bid from Strathcona Resources Ltd. Strathcona's offer, made on May 30, 2025, proposed 0.62 Strathcona shares and C$4.10 in cash per MEG share. MEG's Board, following a comprehensive review by a Special Committee and external advisors, unanimously deemed the offer 'inadequate and opportunistic.' The Board is urging shareholders to reject the offer by taking no action. The bid remains open until September 15th, 2025, but MEG's firm stance suggests a drawn-out battle may be ahead. Investors are watching closely, especially as oil prices remain elevated and the sector continues to consolidate. Staying healthy Oncolytics Biotech (TSX:ONC, Forum) has surged more than 20 per cent this week following the appointment of Jared Kelly as CEO and director. Kelly brings a wealth of experience in biotech M&A, including his role in the $2 billion sale of Ambrx Biopharma to Johnson & Johnson. His arrival is seen as a catalyst for the advancement of pelareorep, Oncolytics' flagship intravenously-administered immunotherapy. The drug has received Fast-Track Designation from the U.S. FDA for both metastatic breast cancer (mBC) and metastatic pancreatic ductal adenocarcinoma (mPDAC). Clinical trials have shown promising results, including a 60 per cent + objective response rate in mPDAC and significantly improved survival rates in mBC. With a growing pipeline and strong leadership, Oncolytics is positioning itself as a potential breakout in the oncology space. Food for thought As global markets navigate geopolitical shocks and shifting economic alliances, investors must remain vigilant. Stocks like DJT, MEG, and ONC are making headlines for vastly different reasons—ranging from crypto innovation to takeover defenses and biotech breakthroughs. Now more than ever, it's essential for investors to deepen their due diligence. Staying informed and agile can make all the difference in ensuring portfolios remain resilient and responsive to the fast-changing market landscape. For previous editions of Buzz on the Bullboards, click here. Join the discussion: Find out what everybody's saying about these stock on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
16-06-2025
- Business
- Yahoo
Donald Trump's Truth Social Files for Dual Bitcoin and Ether ETF
Trump Media and Technology Group (DJT) has filed to list a Truth Social Bitcoin and Ethereum exchange traded fund (ETF) on Monday. The ETF will hold bitcoin BTC and ether ETH directly with 75% of capital being allocated to bitcoin and the remaining 25% to ether, according to a filing with the Securities and Exchange Commission (SEC). Singapore-based exchange will act as the ETF's custodian as well as taking and liquidity provider. Trump Media and Technology Group signaled its intent of issuing an ETF earlier this month as it made a standalone registration for a spot bitcoin ETF. The inclusion of ether is in-keeping with the Trump family's crypto activity; World Liberty Financial, the DeFi project backed by the family, holds 96% of it assets on the Ethereum blockchain, Arkham data shows. If approved the fund would join a long list of crypto ETFs including those managed by BlackRock, Grayscale, Fidelity and Franklin Templeton. Bitcoin ETFs alone have $131 billion in assets under in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
