donaldtrump
Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, announced it has raised $105 million from the exercise of warrants between June 20 and July 1, 2024. This amount surpasses initial expectations by 51%, providing a significant boost to the company’s financial standing. Unrestricted cash strengthens financial positionTMTG reported that approximately $41 million of previously restricted cash has now become unrestricted. As a result, as of July 1, 2024, the company holds more than $350 million in cash with no debt on its balance sheet. This development comes...
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The United States Supreme Court ruled on Monday that former presidents have immunity from prosecution for actions taken within their official capacity, but not for private actions. The latest decision by the top court directly impacts former President Donald Trump’s efforts to shield himself from criminal charges related to his attempts to overturn the 2020 election results. The court’s 6-3 decision, delivered by Chief Justice John Roberts, marked a historic first in recognizing ex-presidential immunity for official acts. The ruling came in response to Trump’s appeal against a lower court deci...
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President Joe Biden and former President Donald Trump are set to face off Thursday in the first presidential debate of the 2024 general election. The debate presents significant risks and opportunities for both candidates. Polls indicate a tight race between the 81-year-old incumbent and the 78-year-old former president, with both candidates facing broad unpopularity. Trump has been convicted of 34 felony counts and faces sentencing on July 11. This week also marked two years since the Supreme Court overturned Roe v. Wade, a decision Trump has taken credit for, having nominated three justices ...
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Meme coins Super Trump (STRUMP) and Pepe (PEPE) have staged significant recoveries, rebounding from the June 24 plunge. While STRUMP’s recovery is pegged on former President Donald Trump’s political movements, Pepe’s price is hinged on positive market sentiments. Super Trump (STRUMP) recovers all previous lossesAfter dropping to $0.01093 on June 24, Super Trump (STRUMP) coin has rebounded to $0.01601 at press time, representing a 46% surge in two days. Today alone, STRUMP price has gained 26%, signifying the growing bullish momentum for the meme coin. The Super Trump Coin, just like other Trum...
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Former President Donald Trump is reportedly in discussions to speak at the Bitcoin 2024 convention in Nashville at the end of July. According to multiple media reports, this potential engagement highlights Trump’s growing association with the cryptocurrency sector, setting him apart from President Joe Biden’s more reserved stance on digital currencies. The significance of Trump’s potential appearanceTrump’s willingness to embrace cryptocurrency stands in stark contrast to the Biden administration’s cautious approach. This alignment with the crypto community has garnered support from wealthy cr...
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Trump Media’s stock saw a significant rebound on Monday, surging 21% at the market’s open. This comes after a challenging period marked by a nearly 50% decline over three weeks. The recovery follows a turbulent phase for the company and DJT shares, driven by legal and regulatory pressures. DJT stock performance On Monday, Trump Media’s stock began trading at approximately $30 per share and had closed at just over $27 on Friday. At 15:48 BST, the shares had jumped 21.26%, reaching $33.54. This marked a notable recovery from the recent lows, providing a much-needed boost to investor sentiment. S...
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The billionaire Winklevoss twins, founders of the cryptocurrency company Gemini, recently made headlines after their substantial bitcoin donations to Donald Trump’s presidential campaign were partially refunded. According to a Bloomberg report, the portion of their donations that exceeded the maximum amount allowed under federal law was returned to them. This incident underscores the complexities and regulatory challenges surrounding cryptocurrency donations in political campaigns. Donation details and legal implicationsThe Winklevoss twins, Cameron and Tyler, announced on social media platfor...
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After his dramatic change of heart on cryptocurrency, former US President Donald Trump has announced a shift in his stance on immigration. Trump, who has been known for his hardline immigration policies, recently promised to grant automatic green cards to foreign students who graduate from US colleges. This move is aimed at preventing these graduates from returning to their home countries, such as India and China, where many go on to become multibillionaires. A new approach to immigrationTrump’s departure from his previous anti-immigrant rhetoric comes as the 2024 presidential election looms, ...
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The cryptocurrency world is abuzz with speculation surrounding the DJT token, a Solana-based crypto asset allegedly linked to Donald Trump. Recent developments, including claims by Martin Shkreli regarding his involvement in DJT token’s creation, have significantly influenced its market sentiment and betting activity on platforms like Polymarket. Martin Shkreli’s DJT token ownership claimsDuring an X Spaces session, Martin Shkreli, infamous for his role in the pharmaceutical industry and subsequent legal issues, revealed details suggesting his direct involvement in launching the token, alongsi...
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Shares of Trump Media & Technology Group – Donald Trump’s namesake social media company – tumbled Tuesday as the stock continued a long slide that began following the former president’s guilty verdict on all 34 felony counts in his criminal hush money trial. Trump Media’s stock declineTrump Media, which trades under the vanity ticker “DJT,” has tanked 39% since May 30 when a New York jury found Trump guilty of falsifying business records. On Tuesday, Trump Media closed down 10% to $31.31. The sell-off came as Trump Media warned investors that it could not force its majority shareholder to favo...
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