Justin Sun’s Tron reverse merger strategy is making waves across the crypto and stock markets. On Monday, Nasdaq-listed SRM Entertainment (NASDAQ:SRM) announced it had reached a landmark agreement with the blockchain platform Tron, triggering a massive rally in SRM stock.

This deal is no ordinary partnership—it involves a $100 million equity investment, a name change to Tron Inc., and the appointment of Justin Sun as a strategic adviser. If completed, this reverse merger could give Tron an indirect path to going public in the United States—a rare feat for a crypto firm in today’s regulatory climate.

What Is a Reverse Merger—and Why Is Tron Using One?

A reverse merger allows a private company to become publicly traded by merging with an already listed company, bypassing the traditional IPO process. In this case, Tron’s reverse merger with SRM Entertainment may enable it to list on the Nasdaq without enduring the scrutiny and timeline of a standard public offering.

According to SRM’s statement, a private investor is set to inject $100 million into the company, with that value potentially rising to $210 million if warrants are exercised. While the investor was not named, the Financial Times reports that the capital is expected to come directly from Tron itself.

Tron Inc. and SRM: What Happens Next?

Once the deal is finalized, SRM will reportedly be renamed Tron Inc., with Sun stepping in as an adviser. The current leadership structure and ownership details, however, remain unclear. SRM did not disclose whether Tron’s investment would lead to a change in control or management direction.

The move marks a striking pivot for SRM, a company previously focused on producing toys and souvenirs for theme parks. Its stock surged more than 300% on Monday, rising from $1.45 to a high of $6.70, reflecting investor excitement over the crypto collaboration.

Political Ties and Controversy Cloud the Deal

The Tron reverse merger is not without controversy. The deal was arranged by Dominari Securities, a boutique investment bank owned by Dominari Holdings, which recently welcomed Donald Trump Jr. and Eric Trump to its board. The Trump family’s growing presence in crypto-related ventures has sparked concern among political watchdogs and ethics experts.

Adding to the scrutiny, Justin Sun faces ongoing legal battles with the U.S. Securities and Exchange Commission (SEC). In 2023, the SEC filed a civil fraud lawsuit against him, which has since been paused. Sun is also a major investor in Trump’s World Liberty Financial, where he increased his stake to $75 million earlier this year.

Tron’s USD1 stablecoin is now listed on the World Liberty platform—raising questions about overlapping interests and the potential for conflicts of interest, particularly given Trump’s financial ties to the venture.

Crypto Meets Wall Street: A New Era or Red Flag?

If approved, the Tron reverse merger would mark one of the most high-profile cases of a blockchain platform entering U.S. public markets. For investors, it presents both opportunity and risk: the allure of crypto innovation versus the uncertainty of legal and political entanglements.

Critics worry that the deal may invite further regulatory scrutiny, especially as the SEC continues its crackdown on crypto firms. Supporters argue that going public could increase transparency and give retail investors access to a leading blockchain ecosystem.

Should Investors Watch SRM or Tron Now?

With SRM shares tripling in value after the announcement, momentum traders are already circling. But investors should approach cautiously. While the Tron reverse merger adds excitement to the stock, the details are still murky, and the legal issues surrounding Sun have not been resolved.

Nonetheless, if Tron succeeds in going public via SRM, it could open the door for other crypto firms to follow a similar path—especially as they face mounting resistance from regulators in traditional IPO routes.

For now, both Tron and SRM Entertainment (NASDAQ:SRM) are firmly on the watchlist.

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Trump Media bitcoin ETF plans are making headlines again as Trump Media & Technology Group (NASDAQ:DJT) filed a proposal to launch a new exchange-traded fund investing in both bitcoin and ethereum. This move marks the company’s second crypto ETF filing in just two weeks, signaling a serious push into digital asset markets.

The latest filing with the U.S. Securities and Exchange Commission (SEC) outlines the proposed Truth Social Bitcoin & Ethereum ETF, a fund that would combine exposure to the two largest cryptocurrencies by market cap.

Why Is Trump Media Entering the Crypto ETF Market?

The Trump Media bitcoin ETF venture appears to be a bold attempt to capitalize on the growing mainstream adoption of cryptocurrencies. With high-profile players like BlackRock (NYSE:BLK) and Fidelity already dominating the market, entering the ETF race this late is undeniably risky.

Yet Trump Media is betting that its political and brand alignment — especially with the pro-crypto sentiment among Donald Trump supporters — could attract a unique investor base that traditional Wall Street firms don’t reach.

ETF analyst Bryan Armour of Morningstar noted, “The only way to stand out will be through fees or brand.” That could give Trump Media an edge if it markets directly to retail investors who already engage with the Truth Social platform or view Trump as a cryptocurrency advocate.

Bitcoin and Ethereum Allocation: What We Know

The filing, submitted under the issuer name Yorkville America Digital, indicates an initial allocation strategy of three bitcoins for every one ethereum. While most cryptocurrency ETFs focus on a single asset, combining the top two coins is a way to broaden appeal and potentially reduce volatility.

However, the proposed Trump Media bitcoin ETF hasn’t disclosed its fee structure — a crucial factor for investor decision-making. Competing products like BlackRock’s iShares Bitcoin ETF, which now holds $72.5 billion in assets, boast low expense ratios around 0.12%. Trump Media will likely need to match or beat that to attract institutional flows.

Challenges Ahead for Trump Media’s Crypto ETF

Despite the bold ambition, the path to success won’t be easy. Crypto ETF markets are already saturated with established offerings. From Grayscale (GBTC) to Bitwise, numerous products already give investors exposure to bitcoin, ethereum, or both.

As Sui Chung, CEO of CF Benchmarks, explained, “There is little that is different about this new venture other than the way it could be marketed.” That branding angle may turn out to be the ETF’s most important asset.

Much like fans of Apple (NASDAQ:AAPL) buy the stock out of brand loyalty, Trump supporters who use Truth Social may invest in the Trump Media bitcoin ETF more for ideological or emotional reasons than performance or cost efficiency.

Still, a successful launch would require SEC approval, effective fund management, and the ability to scale assets quickly. Without these, even the strongest brand might struggle to survive in the crowded ETF landscape.

Will Trump’s Political Clout Help the ETF Succeed?

Donald Trump has become increasingly vocal in his support of cryptocurrency, pledging to protect bitcoin mining and opposing the development of a central bank digital currency (CBDC). That political positioning could make Truth Social ETFs an appealing investment vehicle for retail traders seeking alignment with broader pro-crypto ideologies.

In short, the Trump Media bitcoin ETF may become more of a political and cultural statement than a traditional financial instrument. That alone might be enough to carve out a niche, even in a saturated market.

Bottom Line: Should You Watch DJT Stock Now?

The launch of the Trump Media bitcoin ETF is still uncertain, pending regulatory approval. But if greenlit, it could attract a passionate base of retail investors and add to Trump Media & Technology Group’s (NASDAQ:DJT) overall market profile.

While it’s too early to know how successful the ETF will be, its unique blend of crypto exposure, political branding, and social media influence makes it one to watch — especially as Trump’s influence grows in the 2024 election cycle.

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The first step to self-custody. Experience a new level of intuitive, secure mobile cold wallet.

TAIPEI, June 16, 2025 /PRNewswire/ — CoolBitX proudly introduces CoolWallet Go, a next-generation entry-level cold wallet designed to make crypto security more accessible than ever. Staying true to the brand’s commitment to safety and simplicity, CoolWallet Go features its signature ultra-slim card design, supports multi-chain asset management, and introduces a seedless backup system, eliminating the need to write down recovery phrases.

Whether you’re just getting started with crypto or want a lightweight solution for everyday use, CoolWallet Go delivers a seamless and intuitive experience at an affordable price. Backed by the same high-security standards that define the CoolWallet brand, it’s a new benchmark for mobile cold wallets.

How Powerful Is CoolWallet Go? Here Are 5 Solid Reasons

Seedless backup made simple and secure

CoolWallet Go uses an innovative backup card system that removes the need to write down recovery phrases. Private keys are generated offline within the card itself and completely isolated from connected devices, significantly reducing the risks of user error and exposure.

Each standard package includes one Primary Card and one Backup Card. If the Primary Card is lost, users can easily promote the Backup Card to become the new Primary Card. The original Primary Card will automatically switch to backup mode and lose signing authority, ensuring uninterrupted access and full asset protection.

Ultra-slim card design, portable and battery-free

Continuing CoolWallet’s signature card-style hardware design, CoolWallet Go is ultra-thin, buttonless, and battery-free. It’s waterproof, durable, and built for everyday carry, delivering true cold wallet portability without compromise.

Advanced security with EAL6+ certified chip

Built with an EAL6+ secure element and audited by independent security firm eShard, CoolWallet Go offers strong protection for your assets. It also features Smart Scan, which detects phishing links and suspicious transactions in real time for an added layer of defense.

All-in-one asset management with the CoolWallet App

Paired with the CoolWallet App, users can manage multi-chain assets, earn through DeFi staking, interact with DApps, collect NFTs, and earn stablecoin yields. Cold and hot wallet functionality is fully integrated for seamless convenience.

Flexible asset control with custom EVM chains and multi-wallet support

CoolWallet Go allows users to manually add custom EVM-compatible chains and tokens not yet officially supported. Multi-wallet management is also coming soon, enabling smarter asset allocation and improved risk control.

“CoolWallet Go is a major step forward in making crypto asset security truly accessible. Our goal is to make cold wallets no longer a tool reserved for advanced users, but something anyone can own and use with ease.”
— Michael Ou, CEO of CoolWallet

Simple Enough for Beginners. Powerful Enough for Pros.

Priced at just US$69.99, CoolWallet Go includes two cards to cover both daily use and secure backup. It brings cold wallet security within reach, combining CoolWallet’s trusted security architecture with a slim, lightweight design that’s easy to carry and even easier to use. It’s built for anyone who values asset protection and mobility.

Whether you’re just starting to build your crypto portfolio or you’re a CoolWallet Pro user looking for a more compact, everyday tool, CoolWallet Go adapts to your lifestyle and makes managing assets simpler and more effortless than ever.

Purchase Information

CoolWallet Go is now available on the official website. Each standard package includes one Primary card and one Backup card, priced at US$69.99.

For added peace of mind, users can also purchase a Lifetime Warranty for just US$39.

Visit our website today and take the first step toward secure, self-managed crypto ownership.

https://www.coolwallet.io/collections/coolwallet-go

About CoolWallet

CoolWallet is a pioneering hardware wallet brand that offers a secure and convenient solution for storing and managing digital assets in the Web3, DeFi, and NFTs arenas. The company’s flagship product, the CoolWallet Pro, is a credit card-sized device that combines the security of a hardware wallet with the convenience of a mobile device. With its unique design and advanced security features such as an EAL6+ secure element, biometric verifications, and military-grade Bluetooth encryption, CoolWallet is committed to providing a safe and user-friendly platform for crypto users worldwide.

To date, CoolBitX has maintained a zero-hack record and has earned the trust of over 300,000 users globally.

Guided by its mission to make self-custody safe and accessible for everyone, CoolBitX remains committed to advancing secure and user-friendly digital asset management solutions.

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SOURCE CoolBitX Ltd.

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LONDON, June 14, 2025 /PRNewswire/ — In 2024, Klein Funding became the first crypto-only prop firm to officially partner with Bybit, one of the world’s leading cryptocurrency exchanges. Far from a marketing move, this collaboration marked a structural shift in how crypto prop trading is approached: real tools, real markets, and a model centered on trader performance—not platform limitations.

This wasn’t just a feature update. It redefined expectations across the prop firm landscape.

The partnership introduces something rare in the world of crypto prop firms—a system that gives traders:

• Access to over 700 crypto pairs
• Bybit’s institutional-grade liquidity
• Lightning-fast execution with no lag or syncing issues
• A clean, stable interface, powered directly by Bybit
• All within a simulated capital environment

Designed for All Trading Styles

Whether trading breakout setups, scalping altcoin volatility, or managing structured longer-term positions, Klein’s system adapts to how users trade—not the other way around.

A New Model: Instant Pro, Full Access

At the center of this structure is the Instant Pro plan, built around three core freedoms:

• No Consistency Rule
• No Daily Drawdown
• Once reaching 5% profit, traders are eligible for a reward

There are no multi-step evaluations, hidden conditions, or forced holding periods—just performance and direct reward.

What Sets Klein Funding Apart

Many prop firms promise flexibility. Few deliver it from the ground up.

Klein Funding didn’t retrofit flexibility into an outdated model. It built an entirely new structure designed around traders’ needs from day one. With performance-based rewards fully embedded into Bybit’s infrastructure, this isn’t just a trading platform—it’s an operating system for serious traders.

This level of integration doesn’t just improve the interface—it sharpens execution, edge, and the ability to grow.

Looking Ahead

This isn’t another funding plan or promotional push; it’s a complete rethink of the prop firm model—built to eliminate gatekeeping and give traders clarity, access, and control.

No synthetic rules. No drawdown traps.

Just a system built around real traders and real results.

Users can explore the Instant Pro model and apply at kleinfunding.com

 About Klein Funding

Klein Funding, is a crypto-only proprietary trading firm with a mission to democratize access to capital and advanced trading environments. Through smart partnerships like its latest collaboration with Bybit, Klein is helping build the most seamless and trader-first experience in the prop trading space.

Website: https://kleinfunding.com
X: https://x.com/KleinFunding
Instagram: https://www.instagram.com/kleinfunding/
Discord: https://discord.gg/wg2KJXSpTW
YouTube: https://www.youtube.com/@kleinfundingcrypto

Contact:
Klein Funding PR
Klein Funding
support@kleinfunding.com

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SOURCE Klein Funding

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PANAMA CITY, June 13, 2025 /PRNewswire/ — BingX, a leading cryptocurrency exchange and Web3 AI company, is expanding its reach into the gaming ecosystem with the introduction of SG Coin (SGC) through its Launchpool. This Launchpool brings SG Coin to a broader market, marking an exciting leap forward for both BingX and blockchain-powered gaming. From June 13 to June 17, users can stake USDT or BTC in the Launchpool to earn SGC tokens ahead of their official spot trading debut.

SG Coin (SGC) is the governance and utility token for KAI SANGOKUSHI TAISEN, a strategic card battle game developed by double jump.tokyo under license from SEGA CORPORATION. Based on the hit Sangokushi Taisen series with over 1 million players, the game lets users earn and spend SGC on card packs and marketplace trades. Produced by legendary arcade game creator Mr. Nishiyama and backed by major investors like SBI Group and SONY Group, the game is now launching its token via BingX Launchpool, giving users early access before its spot trading debut.

Through this Launchpool, BingX users can stake USDT or BTC in three different pools – USDT pool, BTC pool, and the new user pool — to earn SG Coin (SGC) before official spot trading.  BingX users who stake for at least 48 hours can unlock additional bonus rewards. And new users who join during the campaign period will also receive exclusive benefits. In addition, the Invite feature allows users to earn extra rewards by bringing friends into the campaign.

Vivien Lin, Chief Product Officer of BingX, shared her thoughts: “We are excited to introduce SG Coin through BingX Launchpool, a significant step in merging blockchain with gaming innovation. By offering early access to SG Coin, we are empowering our users to explore the future of Web3 gaming. This launch marks that we will roll out many more strategic initiatives aimed at bringing high-quality, blockchain-driven experiences to our platform.”

About BingX 

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For more information please visit: https://bingx.com/

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View original content:https://www.prnewswire.co.uk/news-releases/bingx-launchpool-to-introduce-sg-coin-sgc-with-early-access-rewards-302481166.html

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