Circle P:

Episode Transcript
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(00:01):
It is 10:06AM
Pacific Daylight Time. It is the June
2025.
This is episode
1,116
of Bitcoin and Trump's Truth Social
is filing an S1 for
dual Bitcoin and Ether ETF.
It looks like that's being advanced.

(00:24):
We knew that that was going to happen, but it looks like
there may be some approval
on the way.
And then
Gemini and Coinbase
and the EU are gonna be in the news, as well as Vietnam
and then France
might actually start mining Bitcoin
because nothing stops this particular train. And then Coinbase

(00:48):
has launched,
well, a Bitcoin rewards credit card with a major credit card company,
and Trump will also be in the news again in the second part of the show.
He's apparently,
well, made quite a bit of money on the World Liberty Financial front.
And then we've got four separate companies that are either

(01:09):
brand new companies adding Bitcoin to their balance sheet
or a couple of older companies that have bought yet more Bitcoin.
I won't spend very much time on it, but I will give it a rundown on that. But first, let's get over to Trump.
Helen Parks for Cointelegraph
is writing that truth
Trump's Truth Social

(01:30):
files an s one for dual Bitcoin and Ether ETFs.
US president Donald Trump's social media platform,
Truth Social.
Alright. Now this is not World Liberty Financial.
Under understand that this is the media company. It's different.
The Truth Social media platform filed an s one form with the United States Securities and Exchange Commission

(01:53):
to launch a dual exchange traded fund for Bitcoin and Ether.
Filed on Monday,
the S-one form proposes the issuance
and trading
of Truth Social Bitcoin and Ethereum ETFs sponsored by the asset management firm Yorkville
American Digital.

(02:14):
The trust seeks to provide investors with exposure to both Bitcoin and Ether by author offering shares backed by the crypto assets, removing the complexity stemming from direct investment. I'm already gonna pause and say it's not that difficult.
It's just not.
And I honestly think that this narrative of continuously saying, well, we've got an ETF because self custody is just too hard. I don't think that's doing anybody any kind of good service at all. It's very easy to custody your own Bitcoin. Please consider doing so

(02:48):
and don't buy ETFs.
But the shares of this particular trust are backed by
BTC
and ETH held by the custodian
on behalf of the trust, which is Forex
Dax trust company
doing business as crypto.com.
The ETF shares
are proposed
proposed to be listed on the New York Stock Exchange, ARCA,

(03:11):
according to the filing. And while Truth Social has officially determined that crypto.com
will be its dedicated crypto custody provider,
the company is yet to finalize the details of the upcoming ETF such as, you know, the funds ticker
and who its cash custodian is going to be.
Truth Social also mentioned that it plans to file an amendment

(03:32):
later with a summary of the terms of the prime execution agency agreement with crypto.com.
The filing for the Truth Social Bitcoin and Ethereum ETF follows the approval of Trump Media and Technology Group's
$2,300,000,000
Bitcoin Treasury deal by the SEC
on Friday.
In the statement, the company said that it currently has no immediate plans to issue any securities under that deal,

(03:57):
And TMTG
previously confirmed a $2,500,000,000
capital raise to purchase Bitcoin
in late May after initially
denying
such reports. It's not true. Oh, wait. No. It actually is true. Anyway,
Truth Social's Bitcoin and Ether ETF filing arrived on the same day as a new s one filing by CoinShares,

(04:19):
which proposed the issuance of some shit Coinspot ETF. It doesn't matter. Already operating
an exchange traded product called CoinShares physical oh, god. Solana
staked DTP in Europe. CoinShares is now seeking to launch similar ETF products in The United States,
and then it's just a bunch more of
crap coinery over here on Cointelegraph.

(04:42):
So
Truth Social
is filing the s one under the Truth Social banner. I actually kinda think that that's interesting
because this is not
this is not
just Trump's, you know,
the World Liberty Financial thing, which is what I would have thought that they would have put it under. But they're not putting it under that.

(05:07):
And I'm not sure what that telegraphs other than the fact that
maybe Trump's planning on putting his entire family of companies
into a situation where they all hold some kind of digital asset.
It'll be interesting to see if maybe some of his real estate
named companies
will start actually collecting up Bitcoin and whatnot.

(05:30):
But we've got to get on to Micah in and the EU where Gemini and Coinbase are expected to secure
Micah licenses according to a report. Sam Borgie, Cointelegraph.
Crypto exchanges Gemini and Coinbase,
both of them are reportedly set to secure licenses to operate in the European Union,

(05:51):
marking a significant step in their expansion under the newly implemented Markets and Crypto Assets Regulation or MICA.
Gemini is on track to receive approval from Malta,
while Coinbase is expected to obtain its license through Luxembourg.
Reuters reported
Monday,

(06:11):
citing unnamed sources familiar with the matter, and a Coinbase spokesperson declined to comment on the specific application, but did tell Reuters that Luxembourg is a well respected global financial center.
Gemini and Coinbase would join other major exchanges moving to the EU under Mica Framework.
And as previously reported by Cointelegraph,

(06:31):
Bybit recently gained their regulatory approval to operate in the region via Austria.
In January, Binance updated
its deposit and withdrawal procedures in Poland
to comply with the MICA framework.
Regulations under the MICA
framework took effect in June of twenty twenty four with full implementation following in December

(06:52):
after the European Securities and Market Authority issued final guidance for EU member states.
Micah is designed to create regulatory consistency across the region while strengthening investor protection
and promoting financial stability,
which it actually won't, but that's another story.
While Micah has been welcomed by some industry observers for bringing greater clarity

(07:16):
to the rapidly evolving crypto asset space, not all feedback has been positive.
As Chainalysis
noted, the rules still leave some room for interpretation and uncertainty, particularly regarding stablecoins.
One contentious provision requires stablecoin issuers to hold a significant portion of their reserves in European banks.
A key reason why

(07:37):
USDT
issuer,
Tether,
has declined to pursue registration under Mica.
Nevertheless,
at least 10 other stablecoins have been approved under the framework,
including those issued by Circle, crypto.com,
Fiat Republic, Societies General, and others.
Early signs suggest that stablecoin adoption under Mica has been lukewarm, however.

(08:01):
In Italy, one of the EU's largest markets, Mica has not led to significant stablecoin adoption according to Fabio Panetta, former European Central Bank official and current governor of the Bank of Italy.
Instead, he noted, interest has increasingly shifted towards custodial
and trading services.
But you gotta that's the end of the article, but you gotta understand this this is

(08:25):
Fabio Panetta.
And Fabio
is not a fan of any kind of stablecoin whatsoever, and none of these central bankers are. Even though he was a former central banker, you can be guaranteed that he still has dogs in that hunt.
So the the deal is is that they're never they're never gonna say anything at all. They're always going to say, no. Nobody's really adopting it.

(08:48):
I I beg to differ. I think there's a lot of people adopting it.
What really surprises me is that still to this day,
Tether is not trying to get a license for Mica.
And this kind of throws a little bit of a wrench in in my theory that the entire
thesis that I think Tether is starting to go to is the issuance of United States debt abroad

(09:14):
by
immediately monetizing debt instrumentation from the United States Treasury.
If they if Tether can't get into the EU,
that's not going to be all that great for Tether, but then again,
they've got like the rest of the world. And
the EU is, well, it's a basket case. So
I can kinda see it,

(09:35):
but I'm still really surprised that they just haven't made any moves at all to get into the EU
as of today.
Now on to Southeast Asia where Vietnam
has passed a law recognizing crypto as property,
and the new rules will be effective
January
2026.

(09:56):
By the way, this is,
hold on,
Naga Avin Namoyo from the block.co.
Vietnam has initial officially legalized cryptocurrencies
under the digital technology industry law introducing tax breaks
and other incentives aimed at supporting local startups and retaining homegrown talent.

(10:18):
The new rules scheduled to take effect in early January twenty twenty six
establish a legal framework for crypto regulation and formally recognize cryptocurrencies
as property
under civil law.
Vietnamese
law will categorize cryptocurrencies into four types,
Security tokens or encrypted securities assets,

(10:40):
payment tokens, utility tokens, and mixed tokens.
Startups and developers will also benefit from tax exemption, subsidies, special visas, and other incentives
designed to boost the country's digital economy.
This was voted for on June,
and the bill follows a directive from prime minister Fan Ming Chin in March,

(11:02):
Minch
was it Minch?
No. That's this is weird. It must be a misspelling.
Minh had instructed the Ministry of Finance and the State Bank of Vietnam to propose a draft regulation by the end of the first quarter of twenty twenty five.
The move is part of a broader plan to drive economic growth by 8%.

(11:24):
With the new framework, Vietnam joins
jurisdictions
such as the European Union, which we just talked about, and Dubai in implementing
dedicated crypto regulations that are distinct
from traditional financial oversight.
The law could also improve Vietnam's
international crypto standing. Vietnam ranked fifth in blockchain analytics firm Chainalysis twenty twenty four

(11:48):
Global Crypto Adoption Index. However, the country remains
on the Financial Action Task Force gray list
due to deficiencies
in crypto related anti money laundering practices.
The landmark bill could help address those concerns.
Maybe, maybe not.
It doesn't really matter. Everybody is is falling in line.

(12:11):
Southeast Asia
is one of the places that I always look at along with Central America, South America, African Continent,
Eastern Europe, Baltics, Balkans, these kinds of things. These are the places that need
Bitcoin the most, and it looks like everybody's just falling like dominoes. It's happening very, very fast, y'all. It's very, very fast.

(12:35):
And if you want
to help
create a circular Bitcoin economy, then help Circle p vendors
like Great Ghee, who has grass fed Jersey cow handmade
ghee. Do you know what ghee is? It's just clarified butter. Right? Because if you get butter and you melt it, you'll see some particles that look kinda white.

(12:59):
There's still some milk solids in that butter.
But if you melt it all down and you kind of cook it on the stove a little bit, what you end up with is the ability to strain all those solids out and just get left with nothing but the butter fat. It's a staple in Indian cooking as well as other types of cooking around the world, but it's really prominent in Indian cookie cooking. This guy

(13:23):
makes this stuff from 100%
grass fed,
pasture raised Jersey cows in Southwest Virginia,
in The United States. It's made in small batches by hand.
So
his
the direct link, the URL
directly to Shopster
and his Shopster stall where you can buy this directly from him

(13:46):
will be in the show notes. All you gotta do is click on it, wait a little bit because Shopster can be a little slow sometimes.
It'll finally pop up
and you will be able to buy it directly from him. When you do,
make sure that you put in Bitcoin and okay? Put in Bitcoin and into the comment section and

(14:06):
you won't get anything off just yet. We're kinda working maybe
a deal with that. Not quite sure. So but what this does is it allows great Guy to understand that he made a sale because you heard about it here on the circle p, where plebs sell their goods and services to other plebs so that we can all support one another. Because when you buy Great Ghee's ghee,

(14:31):
then he
is able to support me by sending me satoshis,
and those Satoshis allowed me to bring you the news that you can use, like this stuff coming up from France.
France considers Bitcoin mining.
I honestly didn't think France would even consider it
until at least a couple more years.

(14:52):
But there's a parliamentary
proposal for managing nuclear energy that's involved with all this, and this is out of atlas21.com.
A group of French parliamentarians
has introduced an amendment
that could turn the country into a European hub for Bitcoin mining,
strategically leveraging its energy production capacity.

(15:13):
The legislative proposal aims to assess how mining could be integrated into the energy system of France, which is the largest in Europe,
to optimize the management of electricity produced by nuclear power plants.
The amendment to the law on national programming and regulatory simplification in the energy sector calls on the government

(15:33):
to conduct a thorough evaluation of the potential of Bitcoin mining,
the initiative
represents a pragmatic approach to addressing the issue of excess energy, a key topic for France's nuclear energy industry.
France's energy system, which is powered by nuclear for over 70%
of its needs,

(15:54):
I guess, France didn't go the way of Germany. This is good news because Germany cut off all of their nuclear energy, if you didn't realize that. So France,
over 70%
of their energy needs is met by nuclear energy, and it often generates electricity surpluses that require efficient management.
The proponents of the proposal see mining

(16:16):
as an ideal solution to absorb that excess, transforming a potential waste into an economic resource.
The operational flexibility of mining farms offers a unique competitive advantage.
Machines can be quickly turned on and off based on production and consumption peaks, dynamically adopting
or adapting to the needs of the electrical grid.

(16:37):
This feature makes them particularly
suitable
for installation
very near power plants
even in the remote most remote areas of the country.
The parliamentary proposal highlights how mining could contribute to the revitalization
of abandoned
industrial sites,
creating brand new opportunities for economic development under the supervision of public authorities.

(17:00):
Lawmakers emphasize
the various benefits of this strategy:
reducing
negative pricing in wholesale markets
relieving the workload on nuclear plants by avoiding frequent modulation cycles that accelerate equipment
wear
and absorbing surplus energy that would otherwise go to waste.
The French Association for the Development of Digital Assets

(17:24):
collaborated in drafting the amendment,
contributing technical expertise and industrial insight to the project, and the organization
emphasized
how low carbon Bitcoin mining, it was low carbon, could help strengthen
the resilience of the national electricity
grid.
The parliamentary
report notes
that mining in France could represent an activity tailored

(17:47):
to the constraints of the electrical system absorbing surplus energy and reducing environmental
impact by using power that would otherwise
be lost.
So there you go. France is gonna
throw their hat into the ring, maybe,
on Bitcoin mining.
What's the most shocking thing to me about this is that France never closed down their nuclear power plants.

(18:11):
And like I mentioned just a couple of moments ago,
Germany closed down all
of their
plants, and I believe that happened right before Russia attacked Ukraine.
And why is that important?
Because Russia was supplying
Europe and still does for a for a lot of it anyway,

(18:32):
but was definitely supplying Germany with almost all of its power
through the natural gas pipeline, which is now,
I guess, no like, only one of them is operating.
And Germany is finding themselves in a real painful situation
because they tried to go 100%
green
and it is really not working out for them. So here we have France, which I'm also kind of shocked that they're the largest power grid in Europe and that it's not Germany

(18:59):
even though that they screwed themselves with going non nuclear, but still
they were the industrial powerhouse and still actually are
the industrial powerhouse of all of Europe. So it's odd that France is the people that actually have
the more stable and the larger grid.
This could be a shift.
We might actually see Germany Germany just lose all control

(19:24):
of their power base in the EU. And it'll be interesting to see if that actually happens. But first, we've got numbers to run.
Futures and commodities. I got West Texas Intermediate Oil down 1.44%,

(19:47):
but not before it rose,
like, 7% yesterday
when Iran and Israel
really started going at it, specifically
Israel's attacking
of a natural gas power plant
in Iran. I we'd still,
as of last night, I did not know the extent of that particular damage, but the the shockwave going through the energy market

(20:12):
was that, uh-oh, Israel's not only gonna, you know, target their nuclear energy stuff, it's gonna target their
legacy petroleum
energy infrastructure.
And now
so we actually got up to, like, $76,
like, when oil started trading yesterday.
Right? So that it was absorbed the the as the market opened, it had to immediately absorb the news over the weekend that Israel and Iran were going at it in kinetic warfare.

(20:40):
So now Iran has signaled that they are ready or at least willing
to go back to the negotiating table as long as The United States does not step into this particular conflict.
I have no idea what is really going on with that because I from what I've seen, Iran has never really played

(21:03):
above the table
when it comes to their nuclear program.
I've seen this happen before. So
is is Iran serious
about the you know, like, hey. Well, okay. We're sorry. We'll we'll stop, you know, we'll stop throwing stuff over there at Israel, and they were making quite a mess.
There's a lot of hypersonic

(21:24):
missiles coming in from Iran,
striking some really,
really
they did a lot of damage in Israel,
and Israel's clearly doing a lot of damage in Iran. So
if they go to the negotiating table, we might see sub, you know, sub $70

(21:45):
oil,
here pretty quickly. But right now, it's at $71.95.
Brittan Or Sea is down one and a half to $73.15.
Natural gas, however,
is up almost four points to $3.72,
and gasoline is down a quarter
to $2.22.
Gold is down a full point to $34.18

(22:05):
and 4 dimes. Silver is up a quarter. Platinum is up 2.9%.
Copper is up a half, while palladium is down exactly the same.
Biggest winner in ag today is gonna be chocolate, 3.37%
to the upside. Biggest loser is rough rice,
three points to the downside. Meanwhile, live cattle is up one and a quarter, lean hogs up almost two points, and feeder cattle is up 1.19%.

(22:33):
The Dow is up point 87%,
and the S and P is up almost a full point while the Nasdaq is enjoying one and a half point rises.
S and P Mini is up one and a quarter point.
Now on to and, by the way,
something happened to my normal Brave browser, and I'm having to actually use Chrome. And things are a little different today for me until I figure out

(22:59):
exactly what the hell happened to my Brave browser. But the price of Bitcoin is standing at $107,940.
That is a $2,150,000,000,000
market cap.
We can purchase 31.5
ounces of shiny metal rocks with our one Bitcoin of which there are 19,879,591.46

(23:21):
of, and average fees per block are low.
0.03
BTC taken in fees on a per block basis.
There are six blocks carrying 20,000
unconfirmed transactions waiting to clear at high priority rates of 8 Satoshis per v byte. Low priority is gonna get you in at six.
And mining is at 935.2

(23:42):
exahashes
per second.
We apparently hit an all time high of mining yet again sometime over the weekend, but I did
not catch that actual number.
Now from
Sharp Link Gets Wrecked, which was Friday's episode of Bitcoin and
I got Justin with 3,000 giving me sat said

(24:04):
saying, I appreciate you calling out the cheap tricks of journalism.
Bias,
GPT,
subtle or not so subtle persuasion.
The traditional media is hypnotizing
the masses.
Yeah. And they have been for quite a long time.
Pies with a thousand says, it still blows my mind that none of your business is doing this show with no sponsors.

(24:26):
Really leaves a bad taste in my mouth towards Bitcoin only companies who were sponsoring
some of these ass clown shows out there.
Thank you, Pies. I appreciate that. Psyduck
seven seventeen says,
Psyduck, and chill now with six sixty six says, eyes forward, please.
Conflicts of interest continue. Shitcoin treasury casinos manufacturing new slave bankers

(24:48):
to export dollars through debt ad infinitum.
We can meet again somewhere, somewhere far away from here.
The light pierces through the ruins, a final beacon in the dark chaos of a crumbling world order. Remember, it's more than just a number. It's a choice.
Yodel with five eleven says,
great ways, nunez. Paul Surnine with five hundred says, thanks for yet another great overview of today's news.

(25:13):
Always appreciated. Regarding the last topic from what I know, there's a payment button on your Nostra profile
so anyone can pay your profile and not a specific note. Yes. This is true, Paul. That is very true. And when paying, you can also add a comment. But, of course, that's on lightning,
not on chain, and maybe the latter was what you were suggesting to be coded. Anyway,

(25:37):
have a great weekend, and see you on the other side of Sunday. Yeah. Paul, what I was actually talking about was
the possibility of putting in a lightning button
on my website or anywhere that I want to drop it, like an embedded u r well, actually, no, like a not an embedded URL, but
an embed an embedded code snippet

(25:59):
that I can drop into, like, a sing like, I don't know, anywhere on my web page, and multiple times on my web page, like on the front page,
on the about page, on the circle p page,
maybe on each individual,
post that I put up on that website.
Just have a button to where you can support where it just says support the show, you hit it, comes up with a lightning invoice, you put in the numbers, and then you copy the lightning invoice, and then boom, you throw it into your lightning wallet.

(26:29):
On chain,
I don't know, man. I mean, it's like lightning is working really, really well, and it's not like people are dying to give me, like, 3 whole bitcoins. So, until that time comes, I don't really need Onchain. But moving on to Turkey who actually says something,
500 Sat says, I'm almost always driving when listening.

(26:50):
On a side note, I actually had to use Tether today to pay a lawyer
in Argentina. Oh, there you go. Turkey said something.
BTC
oh, BTC onboard with 300 gives me some emojis and God's dep with $2.37 says thank you, sir. No thank you. Agi Chute with a 100 says I am Michael Strategy. Yes. Spies with a 100 says thank you, sir. No. Thank you. That's the weather report.

(27:27):
Welcome to part two of the news you can use. This is interesting.
Coinbase launches Bitcoin rewards credit card with American Express.
Alright. Before we begin this,
American Express has been dying for years.
They used to be top notch. They used to be the card
that you wanted to have. It was a status symbol.

(27:50):
Now, honestly, Bitcoin or, the Mastercard and Visa is just has just eaten their lunch. Hell, even Discover card has eaten into great guts and feathers of the market that used to be
American Express. So is this a hail Mary for American Express?
I don't know, but we're gonna read about it from Eric Alex

(28:11):
Larry
from Bitcoin News.
Coinbase is launching
its first ever credit card called the Coinbase One card with up to 4% back in Bitcoin on everyday purchases.
The announcement was made at the twenty twenty five State of Crypto Summit in New York and marks a step towards making Bitcoin more accessible and rewarding for everyday use.

(28:35):
The card is being released in partnership with American Express
and will roll out in The US this fall.
It's only available to Coinbase One members,
the company's growing subscription service. Quote, whether you're buying groceries or booking a trip,
the Coinbase One card lets you earn rewards in Bitcoin, making everyday spending more rewarding than ever, Coinbase said in its blog post.

(28:59):
The Coinbase card lets you earn anywhere between
24%
back in Bitcoin depending
on how much you have in assets on the Coinbase platform.
Oh, what? Oh, come on, guys.
Only the rich get richer, I guess. All cash holders
or cardholders will start out at 2%,

(29:20):
but those with more assets can unlock higher cashback rates.
This is
evil.
The card also has a metal design with text from Bitcoin's original Genesis block engraved on it representing its connection to the birth of the scarce digital asset.
And indeed the card has the actual header from the, header from the,

(29:43):
Genesis block.
The reward cards
are a first for Coinbase, which previously only released a prepaid debit card with Visa in 2020.
The new
card is a shift
from traditional digital asset trading tools to everyday financial products that integrate with the blockchain. Oh, god.
The card is on the American Express network, which provides access to travel protections,

(30:07):
exclusive offers, personalized experiences, and the secure infrastructure
of one of the most trusted brands and payments.
Will Stredwick,
SVP of Global Network Services at American Express, said, quote, we see real potential in the combination of Coinbase and crypto
with the powerful backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now, end quote.

(30:31):
Luke Gebb, executive vice president of American Express Digital Labs, added that AmEx
is committed to practical compliant applications of the blockchain and Bitcoin technology.
I think this is actually more of a hail Mary than anything else.
The Coinbase One card is issued by First Electronic Bank and offered through a partnership with fintech company Cardless.

(30:54):
A wait list is open now on Coinbase's website and more info will be shared
as the fall launch approaches.
To use the card,
you need to be enrolled in Coinbase One,
a subscription program launched in 2023.
There are now two options.
A standard Coinbase one account is twenty nine ninety nine a month.

(31:18):
$30 a month, guys, with zero trading fees, priority customer support, and enhanced staking rewards.
Coinbase one basic
is $4 and $99
or I'm sorry. $4.99
per month,
and to make it more affordable, basic members also get the card and the same Bitcoin rewards, but I guess that doesn't come with zero trading fees. Anyway, both tiers,

(31:44):
excuse me, get up to 4%
Bitcoin back,
zero fee trading on eligible assets,
up to $500
a month for basic,
and 4.5
APY on the first $10,000
in USDC holdings. Oh, god.
Quote, our customers are graduating from just creating

(32:04):
accounts to now using Coinbase as a primary financial account, said Max Bransberg,
Coinbase's VP of product, and the Coinbase OneCard launch comes as more digital asset platforms are entering the credit and debit card space.
So
American Express
is now jumping in,

(32:24):
and the language that both of the representatives
of American Express used
tells me that they really don't know what this is about,
that this is this is just marketing at this point. It's an easy it's an easy thing to do for people like Amex because they're always but they I remember
you could not use

(32:44):
anything but American Express
at Costco
for the first couple of years that I was a member at Costco.
You couldn't use Mastercard, you couldn't use Visa, and you couldn't use debit cards.
You had to use an American Express card. That very quickly went away, but that was one of the marketing, you know, like, what what are they what did we used to call it?

(33:06):
Joint marketing,
schemas.
And so this is really easy for American Express to do, so I wouldn't get
I wouldn't get all that, excited about it, but we'll have to see where it goes.
Meanwhile,
Trump,
again,
has disclosed
$57,000,000

(33:28):
wind windfall from crypto venture World Liberty Financial.
I mean, yeah, he's a like, he's got, like, $5,000,000,000,
so 57,000,000
at that point, but still
57,000,000.
Vismayevi
from Decrypt.
President Donald Trump pocketed
$57,000,000
from his crypto venture World Liberty Financial earnings that had lawmakers calling it open corruption.

(33:53):
The windfall came from token sales by World Liberty Financial, the decentralized
finance platform
Trump launched with his three sons.
The disclosure spanning 234
pages and filled with the office of government ethics.
Oh, farce filled. Filed. Filed with the office of government ethics reveals Trump's crypto bet paid off handsomely

(34:16):
as his administration took office.
The crypto earnings revealed that Trump has successfully monetized
his political brand across multiple ventures from meme coins to golf resorts generating
over $600,000,000
in total income.
World Liberty Financial raised approximately $550,000,000
through two token sales with more than 85,000

(34:38):
investors. Holy crap. Participating globally
as per a March statement.
And despite the substantial crypto earnings,
Trump's golf empire,
his golf empire remains his financial heavyweight.
Trump Endeavor
twelve,
LLC,
his Miami based company owning golf courses and resorts generated 110,000,000,

(35:01):
nearly double his crypto income.
The disclosures
reveal that Trump values 22 assets at more than 50,000,000
each, including his Turnberry Scotland golf resort and stakes in Trump Media and Technology Group, which owns Truth Social.
His Mar A Lago club alone contributed over $50,000,000

(35:22):
in resort related revenue. His company, CIC Digital LLC,
earned 1,100,000.0
in 2024
from licensing his image on nonfungible
tokens
and holds an Ethereum wallet worth at least $1,000,000.
However, his newer meme coin venture,
Fight Fight Fight LLC, wasn't included in the 2024 disclosure since it falls outside the reporting period.

(35:46):
In May, Trump hosted a dinner for
220
largest holders of the official Trump meme coin causing its price to surge 56%
when the event was announced in April, and the filing also details extensive royalty incomes,
including 2,800,000.0
from Trump watches, 2.5 from Trump sneakers,

(36:08):
and 1,300,000.0
from Greenwood Bible described as, quote, the only Bible officially endorsed by Lee Greenwood and president Trump.
Endorsement of a bible.
Man,
you're just flirting with going to hell on shit like that, bro. But his foray
into digital assets represents a significant shift for the president

(36:29):
who once dismissed Bitcoin as a scam against the dollar.
Oh, okay. So he's making, he's making a shit ton of money. And what he what else he's doing is he's generating a shit ton of fodder for all of his political enemies
to catch him in the act.
I mean, like I said, I'm I'm I'm neutral either way on Orange, man.

(36:51):
But when you're making that much money as president of The United States, somebody somewhere is gonna find something, and they're gonna use it. I guarantee it. Now onto
the four companies.
Japan's Meta Planet hits 10,000 Bitcoin and overtakes Coinbase. Oh, boy.
Meta Planet
has acquired an additional 1,112

(37:13):
Bitcoin for a 117,000,000,
bringing its total holdings
to exactly 10,000
BTC,
thereby overtaking Coinbase
to become the ninth largest publicly traded holder
of Bitcoin
as corporate Bitcoin adoption continues to accelerate globally.
Moving on, we have

(37:34):
Smarter Web Company.
I've never heard of them before, so this apparently is a new entrant into the Bitcoin Treasury
company holding stuff. Smarter Web Company raises £29,300,000
British pounds, pounds sterling,
to grow Bitcoin holdings.
The Smarterweb company, a UK based web design and digital services firm, has raised 29,300,000.0

(37:59):
in a new funding round to support its Bitcoin treasury strategy. So they've already got a little bit of Bitcoin.
And then another one in Canada,
Universal
Digital launches their Bitcoin treasury strategy.
Let's see.
Universal Digital Incorporated announced it has launched a Bitcoin treasury strategy as a core pillar of its capital allocation framework,

(38:23):
beginning with the divestment of altcoin holdings to accumulate Bitcoin under a new reserve model.
Quote, our Bitcoin treasury strategy marks a deliberate shift in how we manage capital by holding Bitcoin
as a long term treasury
asset.
And finally,
rounding off the show, which today is short
and probably needs to be considering it's Monday,

(38:46):
strategy acquires
10,100
Bitcoin surpassing 592,000
Bitcoin in holdings.
This is out of Bitcoin Magazine. Michael Saylor's strategy announced that it had purchased
an additional 10,100
Bitcoin.
Now these were acquired for
an average cost. No. No. No. I'm sorry. Oh, his entire holding of the 592,100

(39:12):
Bitcoin
now has an average cost of $70,666
per coin.
And as you know,
yesterday,
Michael Saylor, as normal, will, puts out a tweet that shows a graph of the Bitcoin price with a bunch of orange dots on it, which symbolize where and how much he bought Bitcoin.

(39:36):
He threw out another one on Sunday,
afternoon
yesterday,
so it's no surprise that he bought,
Bitcoin this morning.
How or that he announced it, this morning. He's been buying throughout the week. That's the way he always does it. He doesn't just, like, buy a lump sum.
So
what does surprise me is that it's 20,000

(39:59):
Bitcoin.
So what was the that would be let's see.
Trying to see what, like, what is that?
Well, it it doesn't actually say, and I don't wanna do the math in my head right now. I don't have a calculator up.
He's been kinda like like last time, I think he bought, like, you know, a little over a thousand Bitcoin. It was like, he's had a couple of piddly amp buys, but 10,100

(40:22):
is quite a bit. So
it doesn't seem like like he's backing down even though he's been getting
a lot of attention.
He's been getting a lot of criticism,
but what's worse
is now the short sellers, and they've been there, they've been here all along, but they're really getting vocal
about shorting,
MicroStrategy,

(40:42):
and it doesn't help that one of his
lieutenants,
well, actually not his lieutenant, but one of the directors on the board of directors sold
his entire
stash of strategy stock, the MSTR
stock,
and that that was disclosed disclosed on Fridays. That's that's not helping things. But apparently, he doesn't care.

(41:03):
He just whipped out the wallet, went to the ATM, and bought himself 10,100
Bitcoin.
It's gonna be an interesting ride.
That's gonna be it for the show. Like I said, we'll keep it short for Monday, and I will see you on the other side.
This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon.

(41:28):
Have a
great day.

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