Did you see us on CNN last night talking about Trump’s crypto policies? If not, don’t worry — it likely won’t be the last time. We’ve been getting a lot of media requests lately, and it’s clear that crypto is front and center in politics now. As always, we’ve been keeping a close watch on market shifts, exciting airdrop campaigns, and the ever-unpredictable news cycle. Let’s dive into the biggest headlines, starting with Trump Media’s massive Bitcoin play.
Trump Media’s $2.5 Billion Bitcoin Bet
Trump Media and Technology Group, the company behind Truth Social, just made a bold move. They announced plans to raise $2.5 billion to invest directly into Bitcoin. That’s right — President Trump’s own media company is going all-in on crypto.
Here’s how they plan to get the funds: $1.5 billion will be raised through a stock sale priced at the most recent market close, and another $1 billion through convertible notes issued at a 35% premium.
Once raised, the Bitcoin will be held on the company’s balance sheet. For custody, Trump Media has partnered with Anchorage Digital and Crypto.com. They’ll store the Bitcoin alongside the firm’s existing $759 million in cash and short-term investments.
This is a highly controversial decision. The sitting President has personal financial interests in Bitcoin, while also being able to shape U.S. crypto regulations. That makes this more than just a corporate announcement — it’s a major policy statement with long-term implications.
Airdrop Updates: This Week’s Claims and Surprises
Crypto moves fast, and so do airdrops. If you’re farming, you know every update counts. Missing a snapshot or eligibility claim can cost you serious rewards. Here’s what caught our eye this week:
- Grass Epoch 8 is underway! Many are speculating we’ll finally see the airdrop distribution this summer. Get the full scoop in our guide:
Grass Stage 2 Airdrop - Kaito AI just rolled out Solana wallet support. That means more ways to qualify for partner rewards. Our updated guide explains it all:
Kaito AI Season 2 Airdrop - Soph Airdrop Checker is now live. The tool helps you verify your eligibility, and SOPH is already trading on Hyperliquid. See their announcement here:
Sophon’s Update
As always, stay sharp. We track every development so you don’t miss out.
Elon Musk and Telegram: Grok Is Coming
Telegram is diving deeper into the AI race. Pavel Durov, Telegram’s CEO, shared that the platform has reached a preliminary deal with Elon Musk’s xAI to integrate Grok — Musk’s AI chatbot — across all Telegram apps.
Durov explained the deal includes $300 million in cash and equity from xAI, plus a 50% revenue share on AI subscriptions sold through Telegram. According to him, Telegram users will begin seeing Grok features this summer.
However, Musk added a twist. He responded by saying the deal hasn’t been formally signed. Durov clarified that while it’s “agreed in principle,” the paperwork is still in progress.
Grok’s Telegram features will include:
- Smart replies
- Threaded chats
- Chat summaries
- Group moderation tools
- Document digests
And more.
Read our “Day One” in crypto guide. Explore how to get involved and be safe.
Toncoin Rallies After Telegram News
On the back of this announcement, Toncoin surged over 20%. The token rallied not just because of Grok, but also due to multiple Telegram developments hitting the wire at once.
First, BlackRock was reported to participate in Telegram’s $1.5 billion bond sale. Then, Nikola Plecas, former head of Visa crypto, joined the TON Foundation as vice president of payments.
With TON trading at $3.60 and a market cap of $8.9 billion, it’s now the 19th largest crypto asset. Many are watching closely to see if TON breaks into the top 15 soon.
James Wynn Burns $30M Trading Bitcoin
Not every week in crypto ends with profits. Just ask James Wynn.
This well-known trader turned $4 million into $87 million by going long on Bitcoin and Pepe. But it didn’t last. Last week, Wynn opened a $1.25 billion BTC long at $108,243 with 40x leverage. His liquidation price was just $105,180.
Then came May 24.
Trump posted on social media, threatening a 50% tariff against the EU. The market panicked, and Bitcoin crashed below Wynn’s liquidation level.
Wynn closed the trade to avoid full liquidation, but he still lost $13.4 million.
In a risky move, he flipped short — opening a $1 billion position at $107,077. But Bitcoin bounced back to $110,000 after Trump delayed the tariff threat to July.
The result? A second loss of $15.8 million. Combined, Wynn lost nearly $30 million in one week.
Many on X called it gambling. Others say it’s just another reminder of why high leverage is dangerous, especially in times of global policy uncertainty.
Trump Dinner Recap: Steak, Memecoins, and CNN
You’ve probably seen the headlines by now — yes, we really had dinner with President Trump. The experience was surreal. The media frenzy even more so.
Our founder, Morten Christensen, was featured in over 80 articles and appeared on CNN twice last week. From steak on the plate to $TRUMP on the chart, it’s been a wild ride.
Here are a few media features you might have missed:
We’re still waiting on more to drop — NBC and CoffeeZilla have interviews on the way. But for now, we’re back at the desk, trading and farming, just like always.
Final Thoughts
Trump Media’s Bitcoin move is no small event. It marks a historic shift in how governments and political players interact with cryptocurrency. From Elon’s AI plans with Telegram to high-stakes trading losses and new airdrop campaigns, this week had it all.
While prices bounce and headlines fly, we’ll be right here — watching, farming, and helping you stay ahead of the curve.
Let’s find the next onchain cook together.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
