Trump media denies Circle denies selling plans for 3 billion yuan

Reprinted from jinse

05/27/2025·12D

Headlines

Trump Media Group denies raising $3 billion to buy cryptocurrency

Trump Media Group denies plans to raise $3 billion through equity and convertible bonds to buy cryptocurrencies such as Bitcoin. The company responded: "The Financial Times clearly have some stupid authors listening to even stupider sources." Earlier, the Financial Times quoted six people familiar with the matter, saying that the group is raising $3 billion to lay out the crypto market.

▌Circle denies plans to sell to Coinbase or Ripple

Stablecoin issuer Circle denied that it could be sold to San Francisco-based cryptocurrency company Ripple Labs or Coinbase. It was previously reported that Circle was in informal negotiations on the sale to Coinbase or Ripple. A Fortune magazine report said Circle is exploring a $5 billion sale, which is consistent with the company's target valuation for its initial public offering (IPO). Despite these reports, a Circle spokesman firmly denied any plans to sell to other entities such as Coinbase and Ripple. They said Circle is committed to achieving its long-term goals.

Quotes

As of press time, according to Coingecko data:

BTC price is US$109,394, with a 24-hour ups and downs +0.5%;

The ETH price is US$2,558.21, with a 24-hour ups and downs +0.6%;

The price of BNB is US$674.21, with a 24-hour ups and downs +0.8%;

The SOL price is US$174.42, with a 24-hour ups and downs +0.0%;

DOGE price is US$0.2240, with a 24-hour ups and downs +1.7%;

The price of XRP is US$2.32, with a 24-hour ups and downs of -1.4%.

policy

▌Crypto industry groups urge U.S. SEC to clarify its pledge regulatory stance and call for formal guidance

Crypto industry groups have called on the U.S. Securities and Exchange Commission (SEC) to introduce formal guidance on pledges, saying Web3 infrastructure providers are facing ongoing regulatory uncertainty. "We only completed about 25% of the progress. The SEC has had more constructive contacts in the past four months than in the past four years, but we still have no formal staking guidelines," said Allison Muehr, head of staking policy at Crypto Council for Innovation, at the Solana Accelerate conference in New York. She added that the approval of the Solana ETF and its staking version "ultimately depends on reassuring the SEC about the structure," and said the industry has "some fruitful meetings" with the SEC in the recent past. At present, the SEC has not approved the use of staking in ETFs, nor has it issued clear guidance on providing staking services in compliance.

▌Texas Senate and House of Representatives set up a meeting committee to coordinate differences between the two parties ' Bitcoin Reserves Act

According to BitcoinLaws, the latest progress in Texas Bitcoin reserves is that the Texas Senate has not accepted the House of Representatives' amendment to Bill SB21. A conference committee composed of members of the House and Senate has been established to coordinate differences between the two sides.

Blockchain application

▌Microsoft 's open source browser Agent, which can track and control intelligent bodies in real time

Microsoft has opened sourced an Agent dedicated to browser network tasks on its official website - Magentic-UI. Magentic-UI is developed based on Microsoft's once open source Magentic-One, and supports human-computer collaborative control methods to improve the execution efficiency and accuracy of the agent. According to GAIA test data, when equipped with simulated users with auxiliary information, the task completion rate of Magentic-UI increased from 30.3% in autonomous mode to 51.9%, and the accuracy rate increased by 71%. In addition, Magentic-UI only seeks help from simulated users in 10% of the time it executes tasks, and on average only 1.1 help per task. (AIGC Open Community)

▌Dubai Land Authority launches real estate tokenization platform based on XRP Ledger, which is expected to reach US$16 billion in 2033

Dubai Land Authority (DLD) partnered with real estate fintech company Prypco and infrastructure provider Ctrl Alt to launch its first real estate tokenization platform Prypco Mint. The platform tokenize property ownership contracts and synchronizes official real estate records, deploying it on the XRP Ledger blockchain. The move is part of a government-backed project, which is expected to tokenize 7% of the Dubai property market, or $16 billion, by 2033. The platform currently only supports UAE Dirham transactions and is only available for UAE ID card holders. It will expand global access rights in the future. Zand Digital Bank serves as its banking partner, and supervision is handled by the UAE Central Bank, the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation’s real estate sandbox.

Cryptocurrency

▌Strategy 's Bitcoin holdings currently have a floating profit of more than US$23 billion

As Bitcoin shortly exceeded $110,000 and now it is reported at $109,686, Strategy (formerly MicroStrategy) Bitcoin holdings have a floating profit of more than $23 billion. As of May 25, 2025, Strategy held 580,250 Bitcoins, with a total purchase price of approximately US$40.61 billion, and the average price per Bitcoin was approximately US$69,979.

▌James Wynn Bitcoin long order floating loss expanded to US$7.5 million, and PEPE long order floating loss of US$280,000

According to the data on the chain, the 40-fold Bitcoin long floating loss of James Wynn expanded to US$7.5 million. Specific details: position value: US$788,441,959.48; opening price: US$110,084.9; liquidation price: US$107,580. 10 times PEPE long orders have a floating loss of US$280,000. Specific details: Position value: US$10,751,007.14; Opening price: US$0.01408; Clearing price: None yet.

▌Hyperliquid: Platform open contract positions hit record high, reaching US$10.1 billion

According to official news, Hyperliquid said that multiple data on the platform once again hit record highs: total open contracts: US$10.1 billion; 24-hour fee income: US$5.6 million; USDC lock-in volume: US$3.5 billion.

Important economic trends

▌ECB President: Domestic Dominance is Being Uncertain

On May 26 local time, European Central Bank President Lagarde delivered a speech at a forum in Berlin. Lagarde said that the current US dollar-based international monetary system is becoming uncertain and Europe needs to reform in multiple ways to reduce its impact on changes in the international order. Lagarde further explained that global multilateral cooperation is being replaced by zero-sum games and bilateral power games, and opening up is giving way to protectionism, and even the dominance of the US dollar, the cornerstone of the system, has become uncertain.

Golden Encyclopedia

▌Will blockchain networks suffer from DDoS attacks?

Distributed Denial of Service (DDoS) attacks aim to paralyze online systems through massive requests. Although blockchain networks are more resilient due to decentralization, they can still be attacked, such as causing network congestion or node crashes through spam transactions, affecting normal operation. To prevent DDoS, blockchain needs to strengthen security measures at the node and network levels, including improving processing capabilities, deploying firewalls, regular audits and redundant construction to ensure stable network operation.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.