News linked to both this project and an event.
According to CoinDesk, a wallet associated with Trump Media recently transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million at the time. Following the transfer, approximately 4,261 Bitcoin remained in the on-chain traceable wallet, an amount basically consistent with the scale of Bitcoin pledged as collateral for convertible notes previously disclosed by the company.
Odaily News: Trump Media has transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million. The flagged wallet now holds roughly 4,261 Bitcoin, approaching the amount of collateral pledged for its convertible note. Trump Media previously purchased 11,542 Bitcoin for approximately $1.37 billion, with the buy price near the market peak. Since then, 7,281 Bitcoin have been transferred out. On-chain analysts estimate the company has realized losses of roughly $318 million, with an additional unrealized loss of approximately $237 million. Trump Media reported first-quarter revenue of $871,200 and a net loss of $405.9 million. The company has not yet clarified whether the latest transfer constitutes a sale or a custodial move, and the distinction will be disclosed in its second-quarter 10-Q filing.
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Odaily News: According to on-chain analyst Yu Jin's monitoring, Trump Media transferred 2,628 BTC to the Crypto.com exchange 6 hours ago. The company currently faces a total loss of up to $555 million on its Bitcoin holdings. Between July and August last year, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC at a total cost of $1.368 billion, with an average price of $118,529 per BTC. Since the beginning of this year, the company has gradually sold 7,281 BTC for $545 million, at an average price of approximately $74,860 per BTC, realizing a loss of $318 million. It currently still holds 4,261 BTC, valued at $268 million, with an unrealized loss of $237 million.
According to Cointelegraph, Robinhood is negotiating with crypto trading platform Crypto.com to expand its prediction market business, planning to integrate yes/no event contract products provided by Crypto.com. People familiar with the matter stated that both parties are still in the discussion phase, and specific cooperation arrangements have not yet been finalized. Robinhood launched prediction market services in March 2025, initially offering related products through Kalshi to comply with regulatory requirements of the U.S. Commodity Futures Trading Commission (CFTC), and subsequently integrated ForecastEx and Rotella. Bernstein analysts recently raised the price target from $130 to $160 due to optimism regarding Robinhood's development in the prediction market and tokenized stock sectors, and predicted that prediction market business revenue could reach $1.7 billion in 2028. However, the U.S. prediction market industry currently still faces legal disputes between state and federal regulators.
Odaily reports, according to DefiLlama data, Binance saw a net outflow of $1.23 billion in the week starting June 29, a 207% increase from approximately $400 million the previous week. The total monthly net outflow stands at about $3.2 billion. CryptoQuant indicates that Binance's single-day ETH withdrawal transactions exceeded 166,000, marking the highest level in over three years. Over the same period, ETH rose approximately 12.5% in the past seven days, trading at $1,766 at press time; BTC gained 4.3% in the same period, trading at $62,925 at press time.DefiLlama data shows that Bitfinex recorded an outflow of $407.5 million over the past week, Gate saw $214.3 million in outflows, OKX had $87.1 million, and Bybit saw $78.4 million. Meanwhile, Crypto.com and HashKey Exchange posted net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo recorded net inflows of $22.1 million, $17.4 million, and $15.8 million. (Cointelegraph).
According to Cointelegraph, Crypto.com has reached a definitive agreement with online casino company High Roller Technologies to officially enter the prediction markets sector. This partnership will enable Crypto.com to offer event-based prediction market services to U.S. users via the CFTC-registered CDNA exchange. High Roller stated that the collaboration establishes a strong foundation for both parties in the prediction markets space. Analysts project that the prediction markets sector could reach $1 trillion by 2030, driven by growing demand for contracts tied to economic, business, and political events. Following the announcement, High Roller’s stock (ROLR) on the New York Stock Exchange doubled to $10.77. Prediction markets continue to face legal challenges in multiple jurisdictions, while relevant authorities are actively advancing regulatory compliance efforts.