Trump to Have Dinner With $TRUMP Holders + Russia Launches Crypto Exchange

$TRUMP Meme Coin Soars 50% After Holders Promised Dinner With Trump and VIP White House Tour

The $TRUMP meme coin surged over 50% on Wednesday after the project announced that the top 220 token holders will be invited to a black-tie-optional dinner with President Trump in Washington, D.C. on May 22, followed by a VIP White House tour. The rally pushed the token’s market cap to $2.7 billion, despite only 20% of its supply being tradable—while the remaining 80% is locked under a three-year vesting schedule held by insiders. Originally launched in January and heavily promoted by Trump on social media, the coin had previously peaked at a $15 billion valuation. Like most meme coins, $TRUMP lacks an underlying product or utility, with 80% of the supply reportedly controlled by the Trump Organization and affiliated entities.

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Coinbase Opens Charlotte Office, Plans to Hire 130 as Part of Broader U.S. Expansion

Coinbase is establishing its first physical office in Charlotte, North Carolina, with an immediate plan to hire over 130 employees focused on compliance and customer support. The move highlights Charlotte’s growing role as a financial and tech hub. This expansion is part of Coinbase’s broader push to invest in U.S. local economies and follows CEO Brian Armstrong’s pledge to hire 1,000 domestic workers this year, aligning with pro-crypto political strategies and support for Donald Trump’s reelection campaign. Despite opening new offices, Coinbase remains a “remote first” company with most roles still available remotely.

Russia to Launch Regulated Crypto Exchange for Ultra-Wealthy Investors Under New Legal Framework

Russia’s Ministry of Finance and Central Bank are collaborating to launch a state-regulated cryptocurrency exchange exclusively for “super-qualified investors,” aiming to bring crypto operations under a formal regulatory framework. This initiative, part of a proposed three-year experimental legal regime, targets high-net-worth individuals with at least ₽100 million in assets or ₽50 million in annual income—though these thresholds are still under discussion. Major financial institutions like the Moscow and Saint Petersburg stock exchanges have expressed readiness to participate, while skeptics warn of crypto’s speculative risks. The exchange is expected to begin operations by 2025.

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Sam Bankman-Fried Transferred to Low-Security Terminal Island Prison After Brief Stay in Notorious Victorville Facility

FTX co-founder Sam Bankman-Fried has been relocated to the low-security Federal Correctional Institution Terminal Island in Los Angeles, following a short stay at the violent medium-security Victorville prison. SBF, who is serving a 25-year sentence for defrauding FTX users, had previously spent over 18 months in Brooklyn’s MDC. Terminal Island, located by the water in San Pedro, offers a calmer environment, with access to educational programs, a law library, and a $360 monthly commissary limit. Inmates describe the location and food favorably, though some criticize the facility’s medical care. Notable past inmates include Al Capone and convicted fraudsters from the finance and tech world.

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