Trump Defends $TRUMP Token Gala as House Bill Proposes SEC Exemption for ETH and SOL

MicroStrategy Buys $180M in Bitcoin, Fueling Bullish Momentum and Institutional Interest

Between April 28 and May 4, 2025, MicroStrategy acquired 1,895 BTC for $180.3 million at an average price of $95,167. This strategic purchase came during a consolidation phase and coincided with increased trading activity and a rise in wallet addresses holding over 100 BTC, signaling growing institutional involvement. The announcement triggered a 2.8% price jump to $98,900 within hours, alongside surging volumes across major exchanges. Technical indicators turned bullish, with RSI and MACD supporting upward momentum and large transaction volume spiking 15%.

VanEck Files for U.S. Approval to Launch Spot BNB ETF

VanEck has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission to gain approval for an ETF that tracks the spot price of the BNB token. This fund would enable investors to gain exposure to Binance Coin without having to directly hold the asset. This marks the first indication by an investment firm that a spot BNB ETF might debut in the United States. BNB, which is the native token of Binance—the largest centralized crypto exchange by daily trading volume—offers various functionalities within the Binance ecosystem, including reduced fees, interactions with decentralized applications, and payment capabilities. The filing comes amid growing investor demand for crypto-based funds and follows a trend of recent approvals and inflows into spot Bitcoin and Ethereum ETFs in the U.S., as well as increased crypto-related ETF filings sparked by changes in the regulatory landscape. While VanEck is the first to propose a spot BNB ETF in the U.S., a similar investment product has already been offered in Europe by Switzerland-based 21Shares.

Trump Defends Crypto Ties as $TRUMP Token Gala Sparks Ethics Debate

Donald Trump is moving ahead with a high-priced gala for top $TRUMP token holders, despite backlash from lawmakers over alleged ethical and financial conflicts. Critics, including Sen. Elizabeth Warren, have raised concerns about foreign investments tied to the Trump-linked stablecoin and access to political influence via token ownership. The event, expected to include a White House tour and a separate “Crypto & AI Innovators Dinner,” has stirred significant token trading activity, with $TRUMP up over 50% after the announcement. While Trump downplays his involvement, on-chain data shows that insiders control a large share of the token’s supply and fees. Legal experts remain divided, with some warning of integrity issues, while others say no laws have been clearly broken.

New House Bill Would Exempt Top Crypto Assets Like ETH and SOL From SEC Oversight

A newly released draft bill from the House Financial Services Committee could fundamentally reshape crypto regulation in the U.S. by exempting most top digital assets from SEC oversight. The legislation redefines “digital commodities” and excludes them from being classified as securities—potentially moving regulatory authority to the CFTC. To qualify, assets must originate from “mature blockchain systems,” which are open-source, decentralized, automated, and lack any single controlling entity or person owning more than 20% of the supply. This framework could cover tokens like Ethereum, Solana, BNB, and Cardano, though Ripple’s XRP may face hurdles due to the company’s large holdings. The bill also allows for case-by-case exemptions for tokens issued before its passage. With Democrats planning to protest the bill’s lack of conflict-of-interest safeguards by walking out of Tuesday’s committee hearing, the debate around the future of U.S. crypto regulation is heating up.

Resources:

agriculture.house.gov

Strategy

sec.gov