Crypto Morning News: Trump's net worth reaches an all-time high, Alpaca Finance announces gradual shutdown of all product services

Author: TechFlow

Yesterday's Market Dynamics

Foreign Media: EU Plans to Accelerate Trade Talks with the U.S.

According to foreign media cited by Jin10 News, the European Union plans to accelerate trade negotiations with the United States. An EU Commission spokesperson said on Monday: "The talks now have new momentum. Commission President von der Leyen spoke with Trump on Sunday, and they agreed to speed up the trade negotiation process and maintain close contact." Following the call, Trump postponed the deadline for imposing a planned 50% tariff on the EU by over a month to July 9 to allow further negotiations. On Sunday, Trump told reporters: "We had a very pleasant conversation, and I agreed to delay it."

Bitwise Predicts Three Engines Will Drive $300 Billion Investment Wave into Bitcoin

According to Bitwise analysts, Bitcoin investment is expected to surge under three emerging drivers: institutional investors, publicly traded companies, and national governments. The report projects that institutional investors will invest approximately $120 billion by the end of 2025 and surpass $300 billion by the end of 2026. Since the launch of spot Bitcoin ETFs in 2024, investor composition has significantly shifted, with total investments in crypto ETFs reaching a record high of nearly $188 billion in May 2025. Major wealth management platforms such as JPMorgan and Goldman Sachs could allocate between $60 billion and $600 billion into Bitcoin. Additionally, if countries convert 1% of their gold reserves into Bitcoin, it would bring over $32 billion in investment, while pro-crypto legislation in the U.S. could drive state governments to invest up to $45 billion.

Forbes: Trump's Net Worth Reaches $5.1 Billion, Setting a New Record

According to Forbes' March update, Trump’s net worth stands at $5.1 billion, $1.2 billion higher than last year, marking his highest level on record.

This includes $2.6 billion attributed to Trump Media & Technology Group, the parent company of Truth Social; $1.1 billion from real estate investments; $1.1 billion from golf clubs and resorts; and $770 million in liquid assets.

Trump Media & Technology Group Denies Plan to Raise $3 Billion for Cryptocurrency Purchases

According to Cointelegraph, Trump Media & Technology Group denied previous reports claiming it planned to raise $3 billion to buy cryptocurrencies like Bitcoin. The company called the Financial Times' report "the product of a foolish author listening to even more foolish sources."

Circle Denies Rumors of Sale to Coinbase or Ripple

According to The Crypto Basic, USDC issuer Circle has denied rumors that it is planning to sell to cryptocurrency firms Ripple Labs or Coinbase. Earlier media reports suggested Circle was holding informal discussions about selling the company at a $5 billion valuation. A Circle spokesperson clearly stated the company has no plans to sell and will continue focusing on its long-term goals.

Alpaca Finance Announces Gradual Shutdown of All Product Services

According to an official announcement, Alpaca Finance has begun gradually shutting down all its products and services. Alpaca Finance said this decision followed extensive internal discussions and comprehensive evaluations, aimed at ensuring community interests and enabling a safe, orderly exit. Binance previously delisted ALPACA.

Binance Alpha Launches Huma Finance (HUMA)

According to the official page, Binance Alpha has launched Huma Finance (HUMA).

YZi Labs Invests in Avalon Labs to Advance Bitcoin Financial Ecosystem

According to an official announcement, YZi Labs has invested in Avalon Labs, which is building a capital market on Bitcoin. Through Bitcoin-backed stablecoin USDa, lending services, yield accounts, and credit cards, Avalon Labs transforms Bitcoin from a mere store of value into a practical financial asset. The Avalon ecosystem currently holds over $500 million in total value locked, serving more than 20,000 Bitcoins and 300,000 active users. USDa has become the second-largest CDP on DeFiLlama. The funding will support regulatory compliance and institutional lending initiatives.

Strategy Again Increases BTC Holdings by 4,020, Spending Approximately $427.1 Million

According to Michael Saylor, Strategy purchased 4,020 BTC for approximately $427.1 million, averaging $106,237 per BTC. Year-to-date, the company's BTC investment has achieved an annualized return of 16.8%. Total holdings now stand at 580,250 BTC, with cumulative investment of approximately $40.61 billion and an average cost of $69,979 per BTC.

The Blockchain Group Issues €63.3 Million in Convertible Bonds, 95% Funds Allocated to Bitcoin Reserves

According to an official announcement, European-listed company The Blockchain Group issued three convertible bonds totaling approximately €63.3 million through its wholly-owned subsidiary The Blockchain Group Luxembourg SA. Per the announcement, 95% of the proceeds will be used to purchase and hold Bitcoin, while the remaining 5% will cover operational costs of the Luxembourg subsidiary and management fees paid to the parent company.

This financing could potentially acquire around 590 additional Bitcoins, increasing the company’s potential holdings to approximately 1,437 Bitcoins. The Blockchain Group stated this move aims to advance its strategy as a Bitcoin reserve company while growing the operations of its subsidiaries.

Musk Confirms X Platform to Launch 'X Money' Payment and Banking Services

Elon Musk recently confirmed that social platform X will soon launch a new feature called "X Money," offering users payment and banking services, furthering the platform's transformation into an "everything app." Musk said the feature will initially roll out in a "very limited beta" and emphasized, "When it comes to people's savings, we must be extra cautious."

Market Data

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