Trump Media's Bitcoin Treasury, Sonar Launch
In a move that could significantly impact the crypto market, Trump Media and Technology Group has decided to create a corporate bitcoin treasury valued at $2.5 billion. This initiative is backed by 50 institutional investors and aligns with the growing interest in crypto assets. Meanwhile, Cobie's new ICO platform, Sonar, is live, with its debut through Plasma's $50 million token sale. This highlights a vibrant phase in digital investments. Standard Chartered anticipates Solana reaching notable price highs by 2029, although it may trail behind Ethereum short-term. Additionally, controversy brews as Michael Saylor criticizes onchain proof-of-reserves for potential security risks. Lastly, a data breach leaked Solana co-founder Raj Gokal’s personal ID via a compromised Instagram account.
FAQ
❓ What is Trump Media's new initiative?
Trump Media is launching a corporate bitcoin treasury supported by a $2.5 billion funding round involving 50 institutional investors.
❓ What is Sonar's role in the crypto market?
Sonar is a newly launched ICO platform by Cobie, which started with a $50 million token sale by Plasma.
❓ How does Standard Chartered view Solana's growth?
Standard Chartered predicts Solana will reach $275 by 2025 and $500 by 2029.