Justin Sun-Backed Tron Inc Files $1Bn Offering With The SEC

Tron Inc., a newly Nasdaq-listed company backed by crypto billionaire Justin Sun, filed to raise up to $1 billion via mixed securities to boost its TRON (TRX) token reserves. The shelf registration filed with the SEC comes shortly after Tron Inc. completed a reverse merger with SRM Entertainment.

The filing states Tron Inc. already holds over 365 million TRX, making it the largest publicly-traded holder of the token. Proceeds from the proposed fundraising will specifically fuel further accumulation of TRX, cementing Tron Inc.’s treasury strategy focused on Justin Sun’s blockchain.

Tron Inc.’s stock surged over 1,300% since it rebranded from SRM, spiking another 23% after announcing plans to raise new funds. Initially a penny stock under SRM Entertainment, Tron Inc.’s market capitalization now exceeds $200 million as investor enthusiasm grows around its crypto-focused strategy.

The firm’s strategy mirrors that of companies like Strategy and SharpLink, who pioneered corporate crypto treasuries with Bitcoin and Ethereum. Tron’s token, TRX, currently trading at approximately $0.32, ranks among the most-used tokens for stablecoin transfers (mainly TRC20 USDT).

PayPal Adds Crypto Checkout for U.S. Merchants

PayPal is expanding its crypto services by allowing U.S. businesses to accept over 100 digital assets, including Bitcoin, Ethereum, and Solana. The new “Pay with Crypto” feature lets users convert tokens to stablecoins or fiat, supporting wallets like Coinbase, MetaMask, and Kraken. PayPal says the service helps merchants lower fees, access funds faster, and store proceeds in its PYUSD stablecoin.

The rollout comes alongside plans for PayPal World, a global wallet platform linking billions of users across regions. PayPal’s crypto unit has grown steadily since 2020, when it first enabled limited token trading without transfers. Now, users can move coins externally, and eligible holdings in PYUSD can earn 4% interest within the platform.

Ray Dalio Backs Gold & Bitcoin Amid Debt Concerns

Bridgewater Associates founder Ray Dalio is advising investors to allocate 15% of their portfolios to Bitcoin and gold as a hedge against rising global debt burdens. He told podcast listeners that the U.S. government’s debt-driven spending and trillion-dollar interest payments are unsustainable. Dalio warned markets have yet to price in the systemic risks from future monetary policy shifts.

He said while he owns both assets, he prefers gold due to central banks' reluctance to adopt Bitcoin as a reserve currency. Dalio questioned Bitcoin’s privacy, code stability, and long-term viability compared to traditional stores of value. Analysts like Laith Khalaf echoed that gold remains the more reliable diversifier during times of high risk.

SEC Delays Trump-Linked Bitcoin ETF Decision

The U.S. SEC has delayed its decision on the Truth Social Bitcoin ETF, a fund backed by Trump Media, extending the review window until September 18. The SEC cited the need for more time to evaluate the proposed rule change, according to its public filing. If approved, the ETF would mark the Trump ecosystem’s latest expansion into regulated crypto investing.

The agency has already approved spot Ethereum and Bitcoin ETFs, which have collectively attracted over $54 billion in flows. Truth Social’s filing joins a growing list of crypto ETF proposals triggered by shifting policy under the Trump administration. At the same time, the SEC postponed a decision on Grayscale’s Solana Trust, one of several altcoin ETFs under review.

Data of the Day

Ethereum-linked funds pulled in $1.59 billion last week, bringing year-to-date inflows to $7.8 billion and surpassing 2024’s full-year total, according to CoinShares. The data shows a sustained shift in investor interest from Bitcoin products, which saw $175 million in outflows during the same period. U.S. demand dominated the flows, with Germany contributing modestly and Canada posting net redemptions.

Altcoin-focused vehicles also gained ground, with Solana and XRP products attracting over $500 million combined. CoinShares analysts said the flows are concentrated among large-cap tokens as investors await new ETF approvals. Bloomberg expects upcoming regulatory decisions to drive further capital rotation, particularly into funds tied to SOL, XRP, and Litecoin.

More Breaking News

• Bitfinex-backed Plasma raised $373 million in a 10-day token sale to build a Layer 1 chain enabling fee-free USDT transfers worldwide.
• DeFi sector total value locked hit a three-year high of $153 billion, driven by Ethereum restaking, cross-chain yield loops, and Solana momentum.
• Bitcoin miner MARA closed a $950 million note offering to finance more BTC purchases, repay debt, and strengthen its crypto-centric balance sheet.
• PumpFun’s revenue plunged as traders shifted to rival launchpad LetsBonk, whose recent meme coin launches have dominated Solana’s ecosystem in recent weeks.
• Bernstein says ETH treasuries like SharpLink and BitMine now hold nearly 1% of Ethereum supply, but warns staking introduces complex liquidity and yield risks.
• VAPE stock soared over 700% after CEA Industries revealed a $500 million BNB treasury plan and potential $1.25 billion crypto purchasing capacity.
• CZ’s estimated $75.8 billion BNB holdings surged with the token’s all-time high, fueled by whale accumulation, token burns, and rising chain metrics.
• Upexi signed a $500 million credit deal to expand its Solana treasury, joining a wave of public firms targeting altcoins as balance sheet assets.
• Interactive Brokers is weighing a stablecoin launch to support 24/7 brokerage funding, expanding its crypto strategy amid growing institutional blockchain adoption.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.