UAE lottery operator launches online casino and betting brands

Will the Fed’s first rate cut of 2025 fuel another leg higher for Bitcoin and equities, or does September’s history point to caution? First rate cut of 2025 set against a fragile backdrop The Federal Reserve is widely expected to…

The post Trump Owns $870 Million Bitcoin Amid Crypto Market Meltdown appeared on BitcoinEthereumNews.com. President Donald Trump has quietly become one of the world’s largest Bitcoin (BTC) holders, even as the crypto market faces a historic meltdown. The revelation comes as Bitcoin and the broader crypto market struggle through one of their steepest declines in recent years. Trump Media’s $2 Billion Bitcoin Bet Makes President A Major Investors According to a Forbes report, Trump’s indirect Bitcoin exposure is now valued at around $870 million, placing him among the biggest investors in the digital asset space. Despite the crash, Trump’s holdings remain strong, showing his business’ growing ties to the crypto market. Forbes found that Trump’s holdings are not listed in any official government filings or financial disclosures. Instead, his exposure comes through his 41% stake in Trump Media and Technology Group, the parent company of Truth Social. Earlier this year, Trump Media raised $2.3 billion through debt and stock sales, using most of the proceeds to buy $2 billion worth of Bitcoin. The move aligns with MicroStrategy’s renewed interest in buying Bitcoin after not buying any last week. That move gave Trump a massive indirect stake in the world’s largest cryptocurrency. Trump Media’s Bitcoin Strategy Shows Trump’s Shift From Crypto Disbelief When the company chose to start holding BTC on its balance sheet, it represented a radical turning point from just being a social media company. Through the adoption of the same corporate treasury technique popularized by Michael Saylor’s Strategy Inc., Trump Media has become a U.S. company holding large amounts of Bitcoin. This shift mirrors the growing wave of institutional adoption. Recently, trillion-dollar asset manager Morgan Stanley opened crypto investments to all its wealth clients. According to Forbes, the company’s overall evaluation has fallen since its Bitcoin purchase. However, its Bitcoin reserves now make up the strongest part of its balance sheet. Trump’s…

The post Trump Denies Involvement in $500M Abu Dhabi WLFI Stake appeared on BitcoinEthereumNews.com. US President Donald Trump has denied knowledge of a reported