Truth Social, the media arm of Donald Trump’s Trump Media & Technology Group, is making a push into the bitcoin exchange-traded fund (ETF) market.

Pump.fun, the Solana-based token launchpad behind this year’s memecoin frenzy, is preparing to sell its own token in a deal that could value the company at $4 billion, according to multiple sources.

A crypto wallet branded with  President Donald Trump’s name is making waves, yet the Trump Organization says it has nothing to do with it.

Top stories in the Crypto Roundup today:

• Trump’s Truth Social Seeks to Launch Spot Bitcoin ETF on NYSE Arca
• Memecoin Launchpad Pump.fun Plans $1B Token Sale at $4B Valuation
• Trump Organization Denies Ties to ‘$TRUMP Wallet’ 

Trump’s Truth Social Seeks to Launch Spot Bitcoin ETF on NYSE Arca

Truth Social, the media arm of Donald Trump’s Trump Media & Technology Group, is making a push into the bitcoin exchange-traded fund (ETF) market.

On Tuesday, NYSE Arca, a division of the New York Stock Exchange, filed a 19b-4 form with the Securities and Exchange Commission to list the Truth Social Bitcoin ETF. 

If approved, the fund would operate similarly to other spot bitcoin ETFs, directly tracking the price of bitcoin rather than relying on futures contracts.

Memecoin Launchpad Pump.fun Plans $1B Token Sale at $4B Valuation

Pump.fun, the Solana-based token launchpad behind this year’s memecoin frenzy, is preparing to sell its own token in a deal that could value the company at $4 billion, according to multiple sources.

Two people familiar with the matter said the platform is planning to raise $1 billion through a token sale to both public and private buyers. A launch date hasn’t been officially disclosed, though a recent post on X hinted it could arrive within two weeks.

If the $4 billion valuation holds, Pump.fun would join the small group of crypto startups to achieve unicorn status based on its core role in Solana’s token economy. The company has not commented publicly on the sale.

Trump Organization Denies Ties to ‘$TRUMP Wallet’

A crypto wallet branded with  President Donald Trump’s name is making waves, yet the Trump Organization says it has nothing to do with it.

A spokesperson for the Trump Organization told CoinDesk the company “knows nothing about this project,” referring to the “$TRUMP Wallet,” a new digital asset app being teased online. 

The wallet’s website claims users will be able to trade and store cryptocurrencies and invites visitors to join a waitlist. No technical details or launch timeline have been released.

Adding to the confusion, Jack Lu, CEO of crypto marketplace Magic Eden, publicly confirmed the wallet’s development on X, stating it was being built in partnership with GetTrumpMemes.com, the group behind a series of Trump-themed memecoins.

Despite the branding and online promotion, multiple members of Trump’s family have denied any link. Donald Trump Jr. said on X that the family has “zero involvement” with the product. 

He added that World Liberty Financial, a separate Trump-affiliated stablecoin venture, plans to launch an official wallet “soon.”

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