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  • Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition

    Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition

    Official Trump ($TRUMP) soars 13% as meme issuer eyes Republic acquisition

    • Fight Fight Fight LLC is reportedly planning to purchase Republic’s US operations.
    • The deal might enrich the meme’s utility in payment apps and startup fundraising.
    • $TRUMP traders are enjoying profits amidst the rebound.

    Bearish sentiments gripped the cryptocurrency market today as Bitcoin plunged below $110,000.

    While the 2% decline in global market capitalisation confirms broader weakness, the Official Trump meme token maintained a bullish 24-hour chart.

    The meme crypto extended its weekly gains to over 40% after rallying 13% the previous day.

    $TRUMP continued its rally after news emerged that the company behind the project, Fight Fight Fight LLC, plans to acquire the US operations of a leading crowdfunding and investment platform, Republic.

    The news stirred the digital assets community, propelling the politically charged altcoin over the last 24 hours.

    What started as a satirical token tied to the US president could be evolving into a financial product that experiments with the combination of real-world finance, blockchain fundraising, and politics.

    Notably, Republic offers retail and institutional investors streamlined access to startup fundraising, RWAs, and tokenised investments.

    Integrating Official Trump into Republic’s ecosystem could merge meme crypto enthusiasm and real-world blockchain use cases.

    Imagine investing in a themed token that funds startups, backs innovative ventures, or even supports online payments.

    $TRUMP eyes real-world utility with the Republic deal

    If successful, the strategic acquisition would enable Fight Fight Fight LLC to control Republic’s robust crowdfunding ecosystem.

    The meme coin will possibly leverage Republic’s reputation to gain legitimacy and credibility.

    Such perks can attract more investors and partnerships.

    Republic’s role in fueling blockchain adoption

    Republic has been vital in supporting cryptocurrency’s mainstream acceptance.

    It focuses on inclusive investment models and tokenisation, allowing individuals to own fractions of real-world assets previously restricted to wealthy investors and venture capitalists.

    Now, Fight Fight Fight LLC wants to gain control of Republic’s operations in the United States.

    Besides boosted exposure, the deal could mean access to a regulatory ecosystem, a significant user base, and a bridge between fast-moving meme culture and traditional finance.

    $TRUMP price outlook

    The digital asset is trading at $8.20 after a brief correction from daily peaks.

    Its daily trading volume has increased by more than 35% to $2.6 billion.

    Rising volumes amid bullish price actions signal trader optimism and possibilities of continued rallies.

    $TRUMP has gained over 41% the previous week, and bulls seem ready to push for more.

    Moreover, prevailing whale activity suggests confidence in $TRUMP’s performance.

    For instance, one trader is dominating Hyperliquid and Solana platforms with substantial bets on the meme token.

    According to Lookonchain, this participant spent 5,346 Solana tokens, worth around $1.07 million, to buy 165,401 TRUMP coins on the SOL blockchain.

    He entered at roughly $6.45, and is now cheering approximately $335,000 unrealized profit.

    The same investor deposited $485,669 in USDC into the perp DEX Hyperliquid.

    Here, the player used maximum leverage for a $9.5 million long position.

    As of this writing, the trader sat on roughly $1.18 million in unrealized gains, bringing his total returns to $1.5 million.

    The latest whale activity paints an optimistic picture for Official Trump in the near term.

    Corporate expansion developments and the excitement around the alt as Donald Trump discusses a trade deal with China’s Xi Jinping has formed a mix of momentum and hype.

     

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  • Russia confiscates $10M Bitcoin from former law enforcement official

    Russia confiscates $10M Bitcoin from former law enforcement official

    Russia confiscates $10M Bitcoin from former law enforcement official
    • Russia seizes 2,718 Bitcoin worth $10M from ex-ICRF official.
    • The ex-official was involved in what has been termed the largest bribery case in Russia.
    • The confiscated bitcoins will be added to the state revenue.

    Russian authorities have seized approximately $10 million worth of Bitcoin from Marat Tambiev, a former employee of the Investigative Committee of the Russian Federation (ICRF).

    The seizure, reported by the local news agency TASS, involved the confiscation of 103 Bitcoin, stored in a Ledger Nano X hardware wallet, marking a significant moment in Russia’s handling of digital assets in legal contexts.

    The largest bribery scandal in Russian history

    Tambiev’s conviction stems from what has been described as the largest bribery scandal in Russian history, involving a staggering 2,718 BTC bribe, which was valued at around $258 million at the time of sentencing.

    The Nikulinsky District Court of Moscow had previously ordered the seizure of 1,032 BTC from Tambiev in 2023, citing the assets as derived from unconfirmed income.

    The case against Tambiev came to light after his arrest in March 2022, where investigators discovered the private keys to his Bitcoin wallet in a folder named “Retirement” on his laptop.

    The source of the bribe was traced back to the Infraud Organization, a notorious hacker group. Members from Kazakhstan and Estonia allegedly bribed Tambiev in exchange for favourable judicial decisions, including efforts to halt their own criminal prosecutions and hide assets worth over $138 million in cryptocurrency.

    This case not only showcases the scale of corruption within certain sectors of Russian governance but also reflects the country’s evolving stance on cryptocurrency.

    The confiscated Bitcoin to be integrated into Russia’s state revenue

    As part of the legal proceedings, the confiscated Bitcoin will now be integrated into Russia’s state revenue, a move that signals how the nation is dealing with digital currencies in official capacities.

    This development comes as Russia is increasingly considering cryptocurrencies for international trade, especially as a means to circumvent Western sanctions.

    The finance minister has indicated openness to using Bitcoin in foreign trade, showcasing a potentially dual approach to crypto — one of regulation and integration, alongside stringent action against its misuse in criminal activities.

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