Television company backed by former U.S. President Trump invests $300 million into Bitcoin options, with Bitcoin's value nearing $119,000.

In the ever-evolving world of cryptocurrency, there's been a flurry of exciting news this week. Let's delve into some of the key developments that have caught our attention.

Bybit Card, a popular cryptocurrency payment solution, has expanded its reach to Europe, offering unmatched 20% cashback to its users.

TMTG, a digital technology company, has been making waves in the crypto space. The company, led by former President Donald Trump, has allocated a substantial $300 million to Bitcoin-related options, increasing its digital asset exposure. This move comes as TMTG seeks tactical flexibility, allowing for leveraged BTC exposure with limited downside risk. Notably, TMTG's crypto holdings include Bitcoin and related assets, with World Liberty Fi also contributing to its digital portfolio. The announcement sent TMTG's shares soaring over 5%, reaching $19.13.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have approved spot crypto trading on registered exchanges, further legitimizing the crypto market.

Bitcoin, the world's largest cryptocurrency, has seen a surge in its 24-hour trading volume, reaching $59.33 billion, a 25.88% increase. Currently, Bitcoin is trading at $118,999, marking a 0.91% daily increase.

Ripple has unveiled a demo for "Ripple Payments," featuring XRP liquidity. Meanwhile, Cardano's $ADA futures have surged to $6.96B, with some analysts predicting a possible $10 price target.

In the stablecoin market, Arthur Hayes projects a $10 trillion surge by 2028. The Federal Reserve has also highlighted stablecoins amid the passage of the GENIUS Act.

The crypto landscape is also seeing the emergence of new platforms and initiatives. Ethena Labs is nearing the activation of its fee switch with USDe milestones. Reflect has secured $3.75M funding to launch USDC+ on Solana. Aria has raised $15M for an IP tokenization platform.

Florida Pension Fund has increased its MicroStrategy holdings by $6 million. KuCoin has introduced KuMining, a simplified crypto accumulation solution, embodying "Simple Mining, Smart Gains." Linea has launched a $1 billion liquidity incentive program.

The crypto ETF market in the U.S. is growing rapidly, with a record 92 cryptocurrency ETF filings awaiting the SEC's decision. MEXC has joined Ondo Global Markets Alliance and listed tokenized stocks, offering a $150,000 reward pool event. Wormhole has countered LayerZero's $110M Stargate bid.

However, concerns have been raised about potential conflicts regarding Donald Trump's deep involvement with TMTG and its crypto activities. Financial expert Gary Gensler has expressed these concerns. The funds for this initiative were raised through a $2.5 billion capital raise involving stock and convertible bond offerings.

Lastly, a Bitcoin in D.C. event aims to bridge Bitcoin innovation and public policy. An analysis suggests Bitcoin Cycle Index signals compression, expansion ahead. The WLFI token, currently in pre-market, trades near $0.29 with a valuation approaching $79.4 billion.

Stay tuned for more updates as the world of cryptocurrency continues to evolve at a rapid pace.

Television company backed by former U.S. President Trump invests $300 million into Bitcoin options, with Bitcoin's value nearing $119,000.