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Crypto
Nasdaq-listed medical data firm OneMedNet sells all bitcoin holdings amid cash shortfall
Nasdaq-listed healthcare data company OneMedNet has sold all of its bitcoin holdings as of end-June, reporting 0 BTC in its quarterly filing. The company warned that its liquidity is insufficient to cover operating needs for the next 12 months and said the conditions raise substantial doubt about its ability to continue as a going concern. It has relied on selling treasury bitcoin to fund operations and is increasingly turning to external financing and share issuance.
Crypto
Trump Media drops crypto reserve and prediction market plans
Trump Media & Technology Group has halted plans to set up a CRO-based cryptocurrency reserve company and related digital-asset businesses it had pursued with Crypto.com. It said it mutually agreed with Crypto.com and Yorkville Acquisition to end the “Trump Media Group CRO Strategy,” existing service contracts and plans for digital-asset products. Trump Media also shelved a plan to integrate a prediction market into Truth Social, shifting to a marketing deal instead.
Crypto
Trump Media files for two crypto ETFs based on bitcoin, ether and Cronos
Trump Media & Technology Group has filed with the U.S. Securities and Exchange Commission for exchange-traded funds based on bitcoin, ether and Cronos, Cointelegraph reported on Feb. 14 local time. The applications include the Truth Social Bitcoin and Ethereum ETF and the Truth Social Cronos Yield Maximisation ETF. The products are to be developed with Crypto.com, which plans to provide custody, liquidity and staking services.