Truth Social, a social media platform backed by the United States President Donald Trump, has filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. SEC. According to a recent SEC filing, the Truth Social seeks to list and trade shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange.
The Truth Social Bitcoin ETF will be managed by Foris DAX Trust Company, LLC, whereby investors will only be allowed cash settlement. The filing of the Truth Social Bitcoin ETF follows a recent move by the Trump Media and Technology Group to raise $2.5B to implement a Bitcoin treasury management plan.
Truth Social Affirms High Bitcoin Demand from Institutional Investors
The filing of the Truth Social Bitcoin ETF aligns with the cryptocurrency agenda of the U.S. President Donald Trump. Furthermore, the Trump Organization and the Official Trump Meme ($TRUMP) have played a crucial role in the mainstream adoption of digital assets.
The overall demand for Bitcoin by institutional investors as a hedge against inflation and macroeconomic uncertainty remains high. According to market data analysis from BitcoinTreasuries, 223 entities now hold more than 3.39 million BTCs as part of their treasury management strategy.
Is BTC Price Ready to Moon?
As Coinpedia reported, the rising demand for Bitcoin from institutional investors has helped increase bullish sentiment. The recent weekly rebound from a crucial support/resistance level around $104k is a clear indication that BTC price is preparing for a fresh rally towards a new all-time high.
However, a consistent close below $103,336 in the coming days will further delay an anticipated parabolic rally.
In a significant development, the Bank of Korea has unveiled its central bank digital currency (CBDC) pilot program, dubbed “Digital Test Project Hangang.” The Bank of Korea, in partnership with seven major banks, is set to launch the pilot program next month, with a planned duration of about three months.
Notably, the Bank of Korea intends to test the efficiency and feasibility of a CBDC-based payment system via the Hangang program. The partnering banks will issue deposit tokens for use at various retail outlets, including local supermarkets, online shopping platforms, and convenience stores.
Bank of Korea Launches CBDC Program: What To Know
According to local reports, the Bank of Korea will debut a real-world CBDC pilot program in April, possibly involving 100,000 local citizens. This trial will enable participants to exchange bank deposits for “deposit tokens” and make payments at partner merchants.
Significantly, Hangang, expected to begin in April, will possibly last for about three months. In collaboration with seven major banks, including KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup, IBK Industrial Bank of Korea, and BNK Busan, the BoK will examine the potential of its CBDC for real-world transactions. Commenting on the development, a BoK official stated,
Through deposit token payments, merchants can receive settlement funds in real time. Additionally, related transaction fees are expected to be reduced by minimizing intermediary institutions in the payment process.
Beyond Traditional Finance: Unveiling the Potential of CBDCs
Through the Hangang CBDC program, the Bank of Korea intends to test the feasibility of CBDCs for real-world transactions. The BoK intends to replace the traditional payment methods with digital currencies, specifically CBDCs. Thus, the Hangang pilot program will serve as a trial.
If the Bank of Korea introduces an “institutional digital currency,” the other banks involved in the program will issue linked tokens. This process will enable consumers to use these tokens for payments. Participants in the pilot program can convert their bank deposits into deposit tokens and vice versa, allowing for seamless transactions. The central bank is expected to release a public announcement by the end of this month to recruit eligible participants.
Meanwhile, South Korea has strengthened its anti-money laundering regulations to tackle the growing crypto threats.
Will South Korea Establish a Strategic Bitcoin Reserve?
Recently, the Bank of Korea dismissed the possibility of adopting a strategic Bitcoin reserve. The bank cited price volatility and inherent risks of cryptocurrencies as a major reason. The BoK stated, “In the case of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically.”
This comes amid speculations of North Korea’s potential Bitcoin reserve plans as the country’s notorious Lazarus Group accumulates Bitcoin. Reportedly, North Korea flipped Bhutan and El Salvador in BTC holdings, becoming the fourth largest holder of Bitcoin.
Pepe (PEPE), the world’s third-largest meme coin, is gaining significant attention from the crypto community due to its impressive upside momentum despite the ongoing bearish market sentiment. On March 8, 2025, while top assets like Bitcoin (BTC), Ethereum (ETH), and XRP are witnessing price declines, PEPE has defied the market trend, registering an impressive 7.5% gain in the past 24 hours.
Current Price Momentum
With this impressive upside momentum, PEPE is currently trading near $0.0000073. Meanwhile, its trading volume has surged by 60% over the same period, indicating heightened anticipation from traders and investors compared to the previous day.
PEPE Price Action and Upcoming Levels
This price surge has pushed the meme coin to the upper boundary of its consolidation range, positioning it for a potential breakout. According to CoinPedia’s technical analysis, PEPE is trading within a narrow zone between $0.0000064 and $0.00000738. However, with today’s price surge, the meme coin is on the verge of breaking out of this pattern.
Source: Trading View
Based on recent price action and historical momentum, if PEPE breaches this range and closes a daily candle above the $0.0000074 level, there is a strong possibility that it could soar by 40%, reaching $0.0000105 in the coming days.
Despite the recent price gain, the asset is still trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that it remains in a downtrend.
Traders Bullish Outlook
Data from the on-chain analytics firm Coinglass reveals that bulls are currently dominating the meme coin, as they seem to be strongly betting on the long side. PEPE’s exchange liquidation map shows that $0.00000693 and $0.00000735 are key levels where traders holding long and short positions are over-leveraged.
Source: Coinglass
Currently, they have $1.80 million worth of long positions and $615K worth of short positions. This data clearly showcases that bulls are strong and appear to be supporting the meme coin’s continued upside momentum.
The post PEPE Defies Market Crash, Eyes on 40% Rally appeared first on Coinpedia Fintech News
Pepe (PEPE), the world’s third-largest meme coin, is gaining significant attention from the crypto community due to its impressive upside momentum despite the ongoing bearish market sentiment. On March 8, 2025, while top assets like Bitcoin (BTC), Ethereum (ETH), and XRP are witnessing price declines, PEPE has defied the market trend, registering an impressive 7.5% …
The political fallout between President Donald Trump and Elon Musk may have set the stage for Bitcoin’s next breakout.
While the two once aligned on anti-establishment sentiment, their recent split over spending, crypto, and narrative control is already reshaping markets, and Bitcoin (BTC) may be poised to benefit.
Bitcoin Thrives in the Trump–Musk Fallout
As of this writing, Bitcoin traded for $108,728, up by 0.33% in the last 24 hours. The pioneer crypto continues to show strength, despite what appears to be a stagnating upside potential.
Musk’s assertion that the American Party would adopt Bitcoin as a reserve currency is a bullish fundamental for the pioneer crypto despite Trump’s backlash.
The US President labeled any move to this effect a betrayal and threatened to halt Tesla and SpaceX contracts or deals in retaliation.
BREAKING:
Trump says his relationship with Elon Musk is OVER.
Elon called Trump’s immigration bill a “disgusting abomination.” ⁰Trump fired back: “He’s gone crazy” — even hinted at pulling Tesla/SpaceX deals.
The way the new party incorporates Bitcoin into its platform is unique. Musk has long been inconsistent on crypto, but this marks a formal political commitment.
The symbolic clash between Trump and Musk also fractures traditional Republican donor lines, with some shifting support to Musk’s movement.
If the party gains even modest traction in Congress, pro-Bitcoin legislation could accelerate.
4. If the party gains even minimal influence in Congress, it could accelerate pro-$BTC legislation
Investors already holding Bitcoin or entering at $105K will benefit
With a positive outcome, the potential to move to $120-125K in the next 3-6 months
Notwithstanding, markets took a different view, with Bitcoin jumping 4.8%, breaking through $109,000 and marking its strongest weekly close ever.
Analysts now see more upside potential for Bitcoin, a rally driven more by the macro climate and historical data than politics.
This target comes after Reuters reported a July 2 research note from Bitwise indicating that Bitcoin’s price tends to spike by 30% in the 50 days after the market suffers geopolitical shocks.
“These tailwinds set a constructive backdrop for Bitcoin and crypto assets…,” Bitwise analysts André Dragosch and Ayush Tripathi wrote.
The implication? Bitcoin could rally toward $136,000 by mid-August if historical trends repeat.
Bitcoin To Benefit from Dollar Debasement
Meanwhile, the fiscal backdrop continues to reinforce Bitcoin’s core narrative. Trump’s bill adds an estimated $7 trillion to the national debt over the next decade. That spending has reignited fears of dollar debasement, a theme Bitcoin thrives on.
“The currency debasement games just stepped up another level,” analysts David Brickell and Chris Mills wrote in their weekly Connecting The Dots newsletter.
Economist Erkan Öz added further context on YouTube, contrasting Musk’s capitalist persona with Bitcoin’s decentralized ethos.
“In Bitcoin… there’s no ‘boss’ like Musk. Satoshi Nakamoto… holds no CEO-like authority,” he said.
Öz argues that while Musk is trying to reshape the system, Bitcoin already operates outside it, and may ultimately benefit more from the feud than either man.
Traders appear to be holding their ground. Bitcoin is consolidating above $107,000, with selling pressure tapering and institutions showing renewed interest.
“Strong players who entered below $95,000 are not exiting, which signals stable interest,” Yuma observed.
Still, risks remain. Regulatory pushback is a looming threat, especially if Musk’s political ambitions provoke retaliation from federal agencies.
For now, however, the feud has amplified crypto’s narrative and bolstered Bitcoin’s role in America’s shifting political economy.
BREAKING: 
4. If the party gains even minimal influence in Congress, it could accelerate pro-$BTC legislation