The new DeepSeek R1 model from China launched last week. If you’re into AI or even into technology more broadly, it was hard to miss the news. Everyone was talking about it. But it’s not just that. It’s the way everyone was talking about it. I was left with the impression that DeepSeek is going to drive a stake through the heart of OpenAI and Anthropic.
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Trump Media Eyes SEC Approval For Dual Bitcoin and Ethereum ETF
NYSE Arca, the digital arm of the New York Stock Exchange, has submitted a rule change proposal to the US Securities and Exchange Commission (SEC) to list and trade shares of Truth Social Bitcoin and Ethereum ETF. According to the 19-b4 form, the proposed ETF’s ticker symbol is BT.
The SEC review process will begin after the 19b-4 form is posted on the Federal Register. This can take as little as 45 days or may be extended up to 240 days.
NYSE Arca Submits 19b-4 For Trump Media’s Bitcoin and Ethereum ETF
The dual ETF is designed to track the price performance of Bitcoin (BTC) and Ethereum (ETH). It seeks to provide investors with a regulated way to gain exposure to the two largest cryptocurrencies without needing to directly own them, manage digital wallets, or deal with cryptocurrency exchanges.
“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or the “’34 Act” or the “Exchange Act”) and Rule 19b-4 thereunder,2 NYSE Arca, Inc. (“NYSE Arca” or the “Exchange”) proposes to list and trade shares of the following under NYSE Arca Rule 8.201-E: Truth Social Bitcoin ETF, B.T. (the “Trust”),” the filing reads.
The latest filing comes over a week after a Form S-1 registration statement was filed with the SEC. As per the filing, the Truth Social Bitcoin and Ethereum ETF will initially have a 3:1 ratio of Bitcoin to Ethereum holdings
This means that for every unit of ETH held, the Trust will hold approximately three times that amount in BTC. However, the sponsor has the discretion to adjust this allocation over time.
“The purpose of the Trust is to own Bitcoin and Ether transferred to the Trust in exchange for Shares issued by the Trust. Each Share represents a fractional undivided beneficial interest in the net assets of the Trust,” the S-1 noted.
Furthermore, cryptocurrency exchange Crypto.com is the custodian, prime execution agent, and liquidity provider. The licensor of the Bitcoin and Ethereum ETF is Trump Media and Technology Group Corp.
The entity operates the social media platform Truth Social. Meanwhile, Yorkville America Digital is the ETF’s sponsor.
Notably, this is Truth Social’s second ETF filing, signaling an aggressive push to diversify its portfolio beyond social media. Earlier this month, NYSE Arca filed a 19b-4 to list a Bitcoin-only Truth Social Bitcoin ETF. The SEC has until January 29, 2026, to decide on this BTC ETF.
In late May, Trump Media announced plans to buy $2.3 billion in Bitcoin for its treasury. However, the firm has yet to make a purchase. Still, this reflects TMTG’s commitment to digital assets.
The post Trump Media Eyes SEC Approval For Dual Bitcoin and Ethereum ETF appeared first on BeInCrypto.
Ripple Partners with Zand Bank and Mamo to Boost Cross-Border Payments in the UAE
Ripple has announced a partnership with two Dubai-based financial institutions, Zand Bank and Mamo. The collaboration will enable them to leverage Ripple’s cross-border payment technology.
This marks the company’s major expansion into the region, where efforts to adopt blockchain technology are growing to fuel economic development.
How Ripple’s Tech is Revolutionizing Payments in Dubai
According to the official press release, artificial intelligence (AI)-driven Zand Bank and fintech firm Mamo will utilize Ripple Payments. This blockchain-powered solution facilitates 24/7 cross-border transactions. By streamlining settlement processes, it is designed to enhance efficiency and speed.
Ripple Payments offers near-global reach, with access to over 90 payout markets worldwide. The platform handles more than $70 billion in transaction volume annually, highlighting its scalability and reliability.
“As a pioneering financial institution with a full-fledged banking license, Zand Bank is paving the way for a stronger digital economy by offering innovative financial products as well as AI and blockchain solutions alongside our institutional-grade digital asset custodial services. Our collaboration with Ripple highlights our commitment to empowering global payment solutions through blockchain technology,” Chirag Sampat, Head of Treasury and Markets at Zand Bank, commented.
Zand Bank, the UAE’s first digital-only bank, also revealed plans to launch a stablecoin pegged to the UAE dirham (AED). This initiative aims to bolster local digital payment capabilities, offering a stable and efficient transaction medium within the UAE’s growing digital economy.
Mamo, a fintech firm focused on simplifying payments for businesses and consumers, will similarly benefit from Ripple’s technology to expand its service offerings.
“The UAE is on an incredible growth path, with over a million businesses expected to call it home by 2030. At Mamo, we’re proud to be at the forefront of this journey, making global payments simpler and more accessible for everyone,” Mamo’s CEO, Imad Gharazeddine, said.
Notably, Ripple’s partnership builds on its earlier strategic move to secure a license from the Dubai Financial Services Authority (DFSA). The March 2025 approval allows the company to offer crypto payment services within the Dubai International Finance Centre (DIFC).
This regulatory milestone complements Ripple’s existing footprint across key markets, including the United States, Brazil, Mexico, Australia, and Switzerland. With over 60 regulatory licenses and registrations worldwide, Ripple continues strengthening its position as a trusted partner for financial institutions.
Despite its global expansion, Ripple faces ongoing challenges. Last week, Judge Analisa Torres denied a joint motion from Ripple and the US Securities and Exchange Commission (SEC) in their long-running legal dispute, citing procedural concerns.
This has also impacted XRP’s price. Over the past week, the altcoin was down 4.4%.
Moreover, BeInCrypto data showed that the value has declined by 3.2% in the past day. At the time of writing, XRP’s trading price was $2.3.
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BROCCOLI Sinks on Shutdown Fears | Meme Coins To Watch Today
Meme Coins To Watch Today include Test Token (TST), Vine (VINE), and Broccoli 714 (BROCCOLI), each showing high volatility and intense trading activity.
TST surged in volume by nearly 65%, gaining traction despite its origins as a tutorial token. VINE is under pressure, with a volume/market cap ratio over 125%, signaling heavy speculation. Meanwhile, BROCCOLI is down 10% amid rumors of its discontinuation, though the lack of an official statement has left traders uncertain and on edge.
Test Token (TST)
- Launch Date – February 2025
- Total Circulating Supply – 900 Million TST
- Maximum Supply – 1 Billion TST
- Fully Diluted Valuation (FDV) – $64.5 million
TST, originally launched on BNB Chain as a demonstration token for a meme coin tutorial using the four.meme platform, has unexpectedly gained real trading momentum.
In the past 24 hours, its volume surged nearly 65%, hitting $50.75 million.
Despite a broader dip in BNB Chain’s weekly DEX activity (down 21.14%), the network still ranks as the third-largest chain by DEX volume over the past seven days, trailing only Solana and Ethereum with $6.2 billion.
On the technical side, TST recently attempted to break past the $0.070 resistance level but failed to hold above it.
A successful retest could clear the way for a push toward $0.072 and potentially $0.0865.
However, support at $0.0648 remains crucial—if that breaks, TST risks falling back to $0.060.
Vine (VINE)
- Launch Date – January 2025
- Total Circulating Supply – 1 Billion VINE
- Maximum Supply – 1 Billion VINE
- Fully Diluted Valuation (FDV) – $35.25 Million VINE
VINE has dropped nearly 7% in the last 24 hours, with trading volume hitting $44 million—surpassing its market cap of $34.7 million and pushing the volume/market cap ratio to a staggering 125.72%.
This high ratio suggests intense speculative activity and rapid token turnover, but also signals potential volatility ahead.
With such imbalance, price swings in either direction could be sharp and sudden depending on sentiment shifts and liquidity.
Technically, VINE is flashing early warning signs, with its EMA lines suggesting a possible death cross formation.
If this bearish signal plays out, the token could fall to key support at $0.0324, and a breakdown from there may drag it further to $0.0287 or even $0.0262.
However, if buyers step in and reverse the current downtrend, VINE may test resistance at $0.0389. A strong breakout above that level could open the path to $0.0424 and potentially $0.0482.
Broccoli 714 (BROCCOLI)
- Launch Date – February 2025
- Total Circulating Supply – 1 Billion BROCCOLI
- Maximum Supply – 1 Billion BROCCOLI
- Fully Diluted Valuation (FDV) – $27.47 Million
BROCCOLI, one of the most talked-about meme coins on BNB Chain in recent months, has been down 10% in the last 24 hours due to controversy surrounding its development.
A post from an account claiming to be the project’s CTO stated that BROCCOLI 714 would be discontinued due to various challenges.
However, many in the community believe the post may result from a hack, especially since no official announcement has come from the BROCCOLI team. This uncertainty has fueled panic and accelerated the sell-off.
From a technical perspective, if bearish momentum continues, BROCCOLI may test support at $0.025—and if that level breaks, further downside to $0.022 becomes likely.
Conversely, a reversal fueled by clarification or a positive update could drive a recovery toward the $0.0292 resistance.
A breakout above that may pave the way for gains to $0.032 and potentially $0.034.
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