Tech News
LAST UPDATE: May 24, 2025
Vivek Ramaswamy’s barmy bitcoin army
Vivek Ramaswamy’s Strive Asset Management is merging with Asset Entities to form a public Bitcoin Treasury Company. Asset Entities, known for its NFT and investment Discord channels, saw its shares surge over 1,000% following the merger announcement. The new entity aims to accumulate Bitcoin using institutional strategies, diverging from traditional models like MicroStrategy’s.
Insight
This merger reflects the blending of social media influence with speculative finance, aiming to create a Bitcoin-focused powerhouse. However, questions remain about the sustainability and purpose of such a speculative undertaking.
Trump draws global crypto investors with $148 million meme coin dinner
President Trump’s $TRUMP meme coin attracted significant global investment, culminating in a luxurious dinner event at his private country club. Crypto investors spent approximately $148 million on the coin to secure attendance, with the top 25 holders investing over $111 million. Chinese entrepreneur Justin Sun secured the top spot with an $18.5 million stake. The event has drawn criticism over potential foreign influence and lack of regulatory oversight.
Insight
The event underscores concerns about political figures’ involvement in potentially exploitative crypto ventures, highlighting ethical and regulatory challenges in the intersection of politics and cryptocurrency.
