The Daily Crypto Brief!
All major crypto news explained.
GM readers. Cryptocappy is here to deliver you the major headlines of crypto world. Let’s begin!
Trump Media Raises $2.4 Billion to Launch Bitcoin Treasury
The funds will go toward building a Bitcoin treasury and covering other business expenses. Trump Media, best known for running Truth Social—President Trump’s social media platform—is publicly traded, with Trump as its largest shareholder.
This bold move could make Trump Media one of the biggest Bitcoin holders among publicly listed companies. Many U.S. firms, especially those in crypto or with conservative leanings, have started investing in Bitcoin to boost profits.
Recently, Trump’s company has been diving deeper into digital assets, launching a crypto-focused division, partnering with Crypto.com for Bitcoin ETFs, and even hinting at its own token and crypto wallet.
Pakistan Maintains Crypto Ban Despite Government-Backed Bitcoin Projects
Finance Secretary of Pak has said that while the Prime Minister has set up a Crypto Council to explore digital asset policies, the ban on crypto remains in place under SBP and Securities and Exchange Commission of Pakistan (SECP) regulations.
Lawmakers are questioning why the government is encouraging crypto investments while keeping it illegal, warning that this could put investors at risk. Recently, Pakistan’s government allocated 2,000 megawatts of electricity for Bitcoin mining and AI data centers. But. the State Bank of Pakistan does not recognize crypto assets, and in 2022, it issued a warning advising the public to avoid trading in cryptocurrencies. Crazy right!
Central African Republic to Digitize Land Ownership with Solana-Based Meme Coin
The Central African Republic (CAR) announced plans to tokenize over 1,700 hectares of land.
Starting in June, people will be able to buy land online using $CAR, directly on the Solana blockchain, according to a presidential decree. CAR’s PM called it a "new era of access and transparency."
Interestingly, $CAR’s price started rising before the announcement, jumping from $0.025 on May 26 to over $0.05 this week. This land tokenization effort comes as CAR phases out its earlier crypto project, Sango Coin, which launched in 2022 but faced controversy and investor frustration.
Panama City Mayor Pushes Bitcoin Payments for Faster Canal Transit
Panama City Mayor Mayer Mizrachi has suggested a bold new idea—letting cargo ships pay in Bitcoin for faster passage through the Panama Canal.
Speaking at the Bitcoin 2025 conference in Las Vegas on May 29, Mizrachi proposed that ships using Bitcoin for toll payments could skip long wait times and move through the canal more quickly.
The Panama Canal is one of the world’s most important trade routes, connecting the Atlantic and Pacific Oceans. It handles 5% of global maritime trade, helping ships avoid weeks of travel around South America. In the last fiscal year, nearly 10,000 vessels passed through, transporting 423 million tons of goods and generating $5 billion in revenue for Panama.
Canary Capital Seeks SEC Approval for First US Cronos ETF
Canary Capital, a crypto asset manager, has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) for Cronos (CRO)—the token linked to Crypto.com.
This Canary Stake CRO ETF would allow investors to track CRO’s price movements, adding to the growing list of altcoin-based funds awaiting SEC approval. To set up the fund, Canary Capital registered a Delaware Trust entity earlier this month, laying the legal groundwork.
Cronos is currently the 44th-largest cryptocurrency, trading at $0.10, with a 5.5% price increase in the past 24 hours.
That’s a wrap for today folks! Catch you tomorrow with latest updates on crypto. Have a great day ahead!
