A technology company called GD Culture Group said on May 12 that it had struck a $300 million funding deal to help it amass a stockpile of cryptocurrencies, including bitcoin and the president’s memecoin, $TRUMP. The announcement sent shares of GD Culture, which is based in New York but operates in China, up by 14%. Three days later, Chinese garment maker Addentax Group said it was in discussions with unnamed crypto holders to buy up to $800 million of $TRUMP tokens and bitcoin.
Related Posts
The Impact of Social Security on Consumer Spending
In 2023, older adults played a significant role in driving consumer spending. This can be attributed, in part,…
Challenges Faced by Banks as Deposits Decline
The banking industry has faced a challenging year, as highlighted in a recent report by S&P Global Market…
Time Out Group Reports Widened Pretax Loss, but Revenue Rises
Time Out Group Reports Widened Pretax Loss, but Revenue Rises10 Best Automated Trading Bots Time Out Group, the…
XRP Logs 4,335% Surge in Hourly Liquidation Imbalance, What’s Next? – U.Today
After struggling to hold steady at the $3 resistance level despite strong market momentum, XRP has finally returned…