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Today's Top Crypto Headlines:
Truth Social Crypto ETF | Strategy Buys More BTC | $6.9M Lost to Wallet Scam and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Truth Social Crypto ETF: Trump’s Truth Social filed an S-1 to launch a dual Bitcoin and Ether ETF via Yorkville America Digital.
Strategy Buys $1B in BTC: Michael Saylor’s firm, Strategy, bought 10,100 BTC worth $1B at an average price of $104,080 amid Middle East tensions.
💡Feature of the Day - $6.9M Cold Wallet Scam: A Chinese investor lost $6.9M after buying a compromised cold wallet via Douyin. The wallet's private key was pre-stored, and the funds were quickly stolen.
All this and more in today’s headlines!
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📰 News Highlights:
Truth Social, Donald Trump’s social media platform, has filed an S-1 with the U.S. SEC to propose a dual Bitcoin and Ether ETF.
The ETF, sponsored by Yorkville America Digital, would offer investors direct exposure to BTC and ETH without needing to hold the cryptocurrencies themselves.
🇺🇸 Truth Social aims for its own Bitcoin and Ethereum ETF: filing submitted to the SEC
On June 16, Truth Social, controlled by Trump Media, officially filed with the SEC for an ETF based on Bitcoin and Ethereum. The platform is looking to expand into the digital asset market.
— Atlas21 (@Atlas21_news)
1:50 PM • Jun 16, 2025
Assets will be held by Crypto.com, which will act as custodian, while the ETF is set to be listed on NYSE Arca.
JUST IN: 🇺🇸 President Trump's Truth Social files for Bitcoin & Ethereum ETF.
— Watcher.Guru (@WatcherGuru)
12:46 PM • Jun 16, 2025
Details like the fund ticker and cash custodian are yet to be finalized.
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Michael Saylor’s firm, Strategy, bought 10,100 BTC worth $1 billion in response to market drops caused by tensions between Israel and Iran.
The average price per coin was $104,080, pushing Strategy’s total BTC holdings to 592,100—acquired at an average of $70,666 per coin.
Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 $BTC acquired for ~$41.84 billion at ~$70,666 per bitcoin. $MSTR $STRK $STRF $STRD strategy.com/press/strategy…
— Michael Saylor (@saylor)
12:03 PM • Jun 16, 2025
Strategy now reports a 19.1% year-to-date BTC yield, moving closer to its 25% YTD goal for 2025.
Congratulations to @gerovich, @DylanLeClair_, and the entire $MTPLF team and shareholder community. 🚀
— Michael Saylor (@saylor)
7:03 AM • Jun 16, 2025
💡 Feature of the Day:
A crypto investor lost $6.9 million after buying a discounted cold wallet through Douyin, China’s TikTok counterpart.
🚨 Last night, We received an emergency report: a user lost $6.5M worth of crypto from a cold wallet.
The wallet was bought via Douyin (TikTok China), but the private key was compromised at creation — and funds were drained within hours.
⚠️ Cold wallet ≠ Safe
Avoid “Factory
— SlowMist (@SlowMist_Team)
8:10 AM • Jun 14, 2025
The wallet’s private key was compromised at creation, and funds were drained within hours.
Security firm SlowMist warned against cheap “factory sealed” wallets sold online, calling them common traps used by scammers.
A former Bitmain staffer confirmed the victim was a close friend and said the stolen crypto was funneled through Huiwang, a known Cambodian-based illicit payment network.
The wallet was traced, but recovery is highly unlikely.
😂 Crypto Meme of the Day:

Meme of the day provided by @bhattg
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com