An unknown wallet minted $100 million USDC on Algorand

Crypto exchange Coinbase is facing backlash for sponsoring U.S. President Donald Trump’s controversial military parade in Washington, D.C. on Saturday, June 14. Coinbase Sponsorship Sparks Military Controversy Social media was flooded with videos and images of Coinbase’s sponsorship at the event , which was intended to mark the U.S. Army’s 250th anniversary and coincided with Trump’s 79th birthday. US Army, sponsored by Coinbase pic.twitter.com/c3KtJNFQdQ — Luke Metro (@luke_metro) June 15, 2025 Longtime Coinbase customer Adam Cochran took to X on Monday to share that he would be selling his positions in the crypto company, calling the organization’s decision to back the event “gross” and “bad marketing” for mainstream digital asset adoption stateside. “It’s time for me to vote with my wallet and use alternatives that either align with my values or that can actually keep their ‘credibly neutral’ stance, instead of only applying it conveniently,” Cochran wrote. “If you told me a few years ago Coinbase would be a sponsor to a U.S. military parade I’d think you were insane,” another X user wrote. America250, the organization behind this past weekend’s event, confirmed the Brian Armstrong-led crypto exchange as one of its high-profile sponsors in a June 9 press release. Additional sponsors of the parade included military giant Lockheed Martin, defense company Palantir, and shipping organization FedEx. Protests Erupt Amid Military Parade Trump largely used his remarks at the event to laud the U.S. military, calling it the “greatest, fiercest, and bravest fighting force” globally. “Every other country celebrates their victories,” Trump told attendees. “It’s about time America did too.” However, not everyone was as receptive to Trump’s militaristic grandstanding, with “No King” protests breaking out nationwide in opposition to the opulent parade. Today, I stand with the millions of Americans making clear this country doesn't belong to a king. It’s a democracy, and it belongs to the people. https://t.co/c3BlFb9dCe — Elizabeth Warren (@SenWarren) June 14, 2025 “Today, I stand with the millions of Americans making clear this country doesn’t belong to a king,” Senator Elizabeth Warren (D-MA) said in a June 14 statement. “It’s a democracy, and it belongs to the people.”

Strategy disclosed in a Form 8‑K filed June 16 that it has purchased an additional 10,100 Bitcoin at a cost of approximately $1.05 billion, representing an average acquisition price of about $104,080 per bitcoin. Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD https://t.co/BOs3GOaUva — Strategy (@Strategy) June 16, 2025 This latest investment raises Strategy’s total Bitcoin holdings to approximately 592,100 BTC, solidifying its standing as one of the largest corporate Bitcoin holders globally. The firm continues executing on its “buy and hold” strategy, fueled by proceeds from equity and debt financing, rather than using its at‑the‑market programs. Importantly, Strategy did not sell any stock or Bitcoin in the days surrounding the acquisition. Continued Confidence in Bitcoin’s Long-Term Value In the filing, Strategy’s management stresses its unwavering conviction in Bitcoin’s long-term value proposition, although they acknowledge the volatility and risks associated with such a concentrated treasury allocation. The filing explicitly warns that the absence of diversification heightens exposure to Bitcoin’s short-term price fluctuations: “The concentration of our assets in Bitcoin limits our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio.” Strategy notes that this strategy “has not been tested over an extended period of time or under different market conditions.” Financing and Risk Factors The 8‑K also discloses that Strategy’s Bitcoin acquisitions are financed primarily through debt and equity, making the company dependent on favorable financing conditions to sustain its accumulation trajectory. Strategy also flags counterparty and custody risks, acknowledging that if custodians were to undergo insolvency, access to stored bitcoin might be impeded. This purchase follows a recent 10-for-1 stock split in August 2024, ensuring that per-share metrics in the Form 8‑K reflect adjusted, post-split figures. With Bitcoin hovering around $104k, Strategy’s entry is striking for its size and continued commitment amid a volatile macroeconomic environment. Michael Saylor Extends Hand to Pakistan’s Crypto Ambition This weekend, Michael Saylor, the executive chairman of Strategy, reportedly met with top Pakistani officials to explore how crypto could help reshape the country’s financial future. The talks, described by officials as a “landmark discussion,” brought Saylor together with Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib . The agenda focused on how Bitcoin could be used in sovereign reserves and monetary policy. Meanwhile, Pakistan is accelerating efforts to become a digital asset leader in the Global South. “Pakistan aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation, and inclusive growth in the digital economy,” said Aurangzeb, who also chairs the Pakistan Crypto Council.

Tron, the blockchain platform founded by crypto billionaire Justin Sun, is reportedly planning to enter U.S. public markets through a reverse merger with Nasdaq-listed SRM Entertainment, according to a recent report from the Financial Times . The entry will be coordinated by Dominari Securities. Once finalized, the deal will establish a new entity known as Tron Inc., which will reportedly hold substantial amounts of TRX, Tron’s native digital asset. The FT report indicates that Eric Trump, son of U.S. President Donald Trump, may assume a leadership position within the rebranded company. Tron to Inject $210M in TRX as It Eyes Nasdaq Debut The newly formed Tron Inc. is expected to onboard as much as $210 million worth of TRX tokens, with a structure that resembles MicroStrategy’s Bitcoin-centric treasury model , positioning it as a publicly traded vehicle to leverage its crypto reserves. Dominari Securities operates under Dominari Holdings, which is affiliated with American Data Centers. This venture, focused on AI infrastructure, was co-founded by Eric Trump and Donald Trump Jr., both of whom sit on the advisory board. JUST IN: Tron $TRX to go public in the US. For your info JS is the largest holder in $trump coin. Do you understand game… pic.twitter.com/gegiKNxlmL — Nilesh Rohilla (@nilesh_rohilla) June 16, 2025 This development follows closely on the heels of Circle Internet Financial’s landmark listing on the New York Stock Exchange , where it raised $1.05 billion in one of the largest crypto IPOs of the year. Circle’s public debut has indicated renewed investor interest in blockchain firms, particularly amid improving regulatory clarity under the Trump administration and growing institutional support for crypto assets. Justin Sun’s High-Stakes Bet: Going Public, Trump Ties, and $79B Stablecoin Empire Justin Sun’s relationship with the Trump family appears to be deepening. In May, he attended a private banquet at Trump National Golf Club in Virginia alongside 24 other major holders of the $TRUMP meme token. He has also invested $75 million in World Liberty Financial, a Trump-aligned crypto venture that recently launched the USD1 stablecoin on the Tron network. Thank you Tron!!! @justinsuntron @worldlibertyfi #USD1 https://t.co/6CvSaIs04H — Eric Trump (@EricTrump) June 11, 2025 Following the merger news, TRX token price climbed roughly 3%, trading around $0.2785, according to CoinGecko. Source: Cryptonews Tron currently manages more than $4.8 billion in total value locked (TVL) and has a stablecoin market cap of $79 billion, making it the second-largest player in the global stablecoin space. TRON is processing $20 BILLION in stable coins DAILY, that's more volume than Visa! Justin Sun: "Everyone who matters in crypto is already here" as Dubai dethrones Singapore as the crypto capital 🏙 From $5T to $7T projected volume in 2025. The revolution is happening on-chain… — Kate Miller (@KateMillerGems) June 5, 2025 In addition, Tron’s daily active address count is nearing 3 million , marking its highest level since May 2023.