Trump Sells Insider Trading Information to Wallstreet as US Senate Unite Against SBF
Let's get real, guys. When Satoshi dropped the Bitcoin whitepaper back in 2008, the whole point was to build a financial system that didn't need governments or banks pulling the strings. In 2026, the U.S. president's media company is literally selling Wall Street firms early access to his social posts, just milliseconds before the rest of the world sees them. You know, the same kinds of posts that moved markets and sent meme coins flying every time he tweeted during his first term. If this isn’t monetized market influence then I don’t know what is.
Meanwhile, FTX creditors just reached round five and are seeing more light at the end of this very long, painful tunnel. If you've been following since the collapse in November 2022, what started as one of the most catastrophic implosions in crypto history is slowly, painfully resolving itself into one of the largest bankruptcy recoveries ever recorded. Not how anyone wanted it, but here we are.
Here are the highlights:
- Trump to cash in by offering traders a sneak peak at his Truths
- US government sends $288M to Coinbase putting Bitcoin reserve rules into question
- FTX to Pay $900M to Creditors on July 31 in Fifth Round
- US Senate Unanimously Opposes Sam Bankman-Fried Pardon
Trump to cash in by offering traders a sneak peak at his Truths
Donald Trump-founded Trump Media announced that Wall Street trading firms will be offered paid access to the president’s Truth Social posts before they’re shared with the public — a move that could be interpreted as selling insider trading information. Specifically, firms will be able to pay for a Truth Social interface that grants “real-time access to posts from the highest-ranking Truth Social accounts” milliseconds before they’re published online. Trump Media and Technology Group runs Truth Social, the social media app where President Trump’s account boasts 12.9 million followers.
US government sends $288M to Coinbase putting Bitcoin reserve rules into question
A $288 million Coinbase Prime transfer has put the U.S. government’s crypto rules under an early operational test. U.S. government-tagged wallets sent 3,941 BTC and 30,007 ETH to Coinbase Prime over roughly eight hours, according to Lookonchain. Arkham placed the combined value at about $288.33 million. Notably, Coinbase Prime hosts more than one kind of government activity. Coinbase announced in July 2024 that the U.S. Marshals Service selected Prime for custody and advanced trading services covering large-cap digital assets.
FTX to Pay $900M to Creditors on July 31 in Fifth Round
On July 17, FTX Recovery Trust and FTX Trading Ltd. announced their 5th major distribution to creditors, which is scheduled to begin on July 31, 2026. This round is expected to release approximately $900 million to eligible holders of allowed claims. This is one of the largest bankruptcy recoveries in crypto history. The record date for this distribution is June 16, 2026. Payments will go to holders of allowed FTX claims and interests who have completed all pre-distribution requirements, including KYC verification, tax documentation, and onboarding with approved providers.
US Senate Unanimously Opposes Sam Bankman-Fried Pardon
The U.S. Senate has unanimously declared that Sam Bankman-Fried should never win clemency, passing a resolution on Wednesday that says the convicted FTX founder should "under no circumstances" receive a pardon or commutation of his 25-year sentence. The measure, S. Res. 772, passed by unanimous consent—a procedure that clears a resolution as long as not a single senator objects. Alongside its stance on Bankman-Fried, it affirmed the Senate's commitment to "the rule of law and integrity of the United States financial system." As a nonbinding resolution, it carries no legal force, and cannot curb the president's constitutional power to grant clemency.
Other Highlights Worth Mentioning
Three Men Jailed for Posing as Police in $5.3M UK Crypto Fraud – Decrypt
Bitcoin Less Volatile Than South Korean Stocks Amid AI Market Correction – Kucoin
Crypto.com Hits $20B Valuation After $400M Citadel Securities Investment – Yahoo Finance
UK turns delayed wallet identification into a 14-year criminal risk for crypto firms – Cryptoslate
COINIGY FACT OF THE DAY
On this day in 2021, Bitcoin hit its lowest price of the month at $29,278 amid China's crackdown.
On July 20, 2021, Bitcoin hit its lowest price of the month at $29,278, having spent weeks grinding lower as China's mining crackdown forced a mass exodus of miners overseas and a broad 'risk-off' selloff hit global stocks over Delta variant fears. The dip proved to be a local bottom — BTC would rip higher into the month's end, peaking near $40,900 by July 28 after Elon Musk confirmed at the 'B Word' conference that Tesla still held its Bitcoin, and Amazon fueled (later denied) rumors it would accept crypto payments.
COINIGY MEME OF THE WEEK
