Truth Social wants to “democratize information” for its 6.3 million users with a social media prediction platform developed in collaboration with Crypto.com. Trump Media and Technology Group (TMTG), a technology and media company co-founded by US President Donald Trump, plans to enable prediction markets on its social media platform, Truth Social. Trump’s Truth Social has partnered with Crypto.com, a major US crypto exchange, to launch the social media prediction market platform called Truth Predict, according to an official announcement on Tuesday. “For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech into actionable foresight,” Trump Media CEO Devin Nunes said. Read more
Trump Media announced that users who earn gems by participating in Trump Media activities will be able to convert them into Cronos. Trump Media and Technology Group has updated its Truth Social platform to connect its digital rewards program with cryptocurrency. The company announced on Tuesday that Truth Social users subscribed to its Patriot Package, a paid version of its Truth+ streaming platform, will gain access to premium features like the “Truth gems,” as part of its upgraded rewards program. The gems can be earned through activities across Trump Media’s platforms and converted into Cronos (CRO), the native token of Crypto.com, using the exchange’s wallet infrastructure. Read more
The SEC has pushed back decisions on Truth Social’s Bitcoin-Ethereum ETF, Solana products from 21Shares and Bitwise and 21Shares’ Core XRP Trust — all now set for October deadlines. The US Securities and Exchange Commission (SEC) has delayed rulings on three high-profile crypto exchange-traded funds (ETFs), extending review deadlines into October. In notices filed Aug. 18, the agency set new decision dates of Oct. 8 for NYSE Arca’s Truth Social Bitcoin and Ethereum ETF, Oct. 16 for 21Shares’ and Bitwise’s Solana ETFs, and Oct. 19 for the 21Shares Core XRP Trust. The Truth Social Bitcoin and Ethereum ETF, submitted on June 24, is structured as a commodity-based trust holding Bitcoin (BTC) and Ether (ETH) directly and issuing shares backed by those assets. While branded under US President Donald Trump’s Truth Social platform, it functions like other spot Bitcoin and Ether ETFs already on the market. Read more
Trump Media’s shares finished up 5.5% on Wednesday, outperforming the Nasdaq, on which the company is listed. Trump Media and Technology Group (TMTG), majority-owned by US President Donald Trump’s family, has filed for two artificial intelligence (AI) trademarks tied to a planned feature on the Truth Social platform. “Truth Social AI” and “Truth Social AI Search,” the names under which the trademark applications were submitted, will allow Truth Social to become a source of “reliable information, non-woke news, and entertainment,” according Trump Media Chairman and CEO Devin Nunes. TMTG's shares closed the day 5.5% higher on Wednesday, a rally that outstripped the Nasdaq, index on which the company is listed. Trump Media posted a net loss of $31.7 million for Q1 2025, with revenue of $8.8 million. Read more
Truth Social has filed to launch a crypto ETF tracking BTC, ETH, SOL, CRO and XRP, aiming to list on NYSE Arca after regulatory approval. Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets. According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF” will track the performance of a basket of top crypto assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cronos (CRO) and XRP (XRP). The preliminary prospectus said the ETF will allocate 70% of its holdings to BTC, 15% to ETH, 8% to SOL, 5% to CRO and 2% to XRP. A custodian will hold the underlying assets, and any changes to the allocation ratio will require an amendment to the agreement and regulatory approval. Read more
Trump’s social media platform, Truth Social, proposed the issuance of a dual-spot Bitcoin and Ether ETF, backed by assets held by Crypto.com. US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether. Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital. The trust seeks to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) by offering shares backed by the crypto assets, removing the complexities stemming from direct investment. Read more