Kategorie: Crypto Business

• Nano S devices already in use will still function, but future compatibility with apps and protocols is not guaranteed.
• Ledger has advised all Nano S owners to ensure they have securely backed up their 24-word Secret Recovery Phrase.
• The decision to discontinue the Nano S hardware wallet has been met with serious criticism.

In a move that has stirred debate across the crypto community, Ledger has announced it will discontinue its long-standing Nano S hardware wallet.

The announcement, made as part of Ledger’s Spring 2025 update, marks the end of an era for one of the most widely used crypto security devices launched in 2016.

Nano S has reached its technical limits

Ledger stated that the Nano S hardware has reached its technical limits, making it increasingly difficult to support modern blockchain applications and advanced security features.

According to the company, the device’s limited flash memory and RAM have become a major constraint in today’s evolving crypto environment.

The Nano S was originally equipped with a Secure Element chip (ST31H320) offering 320 KB of flash memory, which was sufficient at the time of release.

However, Ledger now says that memory is no longer enough to support features such as Clear Signing, Ledger Recover, NFT transfers, swaps through THORChain and Uniswap, or even multiple apps running simultaneously.

The company emphasised that while the Nano S is still usable, it will no longer receive firmware updates, security patches, or new app support.

Ledger wants Nano S users to upgrade

Ledger is urging its customers to transition to newer models such as the Nano S Plus, Nano X, Ledger Stax, or the recently introduced Ledger Flex.

The company maintains that upgraded devices come with more storage, enhanced usability, and compatibility with upcoming blockchain technologies.

Ledger also introduced the Ledger Recovery Key, a new offline tool for private key recovery that works without internet or cloud services.

This innovation allows users to store their keys securely on a smart card protected by a PIN and accessible via NFC, while avoiding the identity verification process that drew criticism for its predecessor, Ledger Recover.

Despite these additions, the transition away from Nano S has not been smooth in the eyes of many long-time users.

Backlash over the forced migration

Numerous crypto users have expressed disappointment and anger over what they describe as an abrupt and unnecessary discontinuation.

On platforms like X (formerly Twitter), users argue that the Nano S remains functional and accuse Ledger of pushing forced upgrades that compromise trust.

One user, @BAYC5511, called Ledger “absolutely worthless,” criticising the company for disregarding customers who bought Nano S devices during the 2021–2023 bull run.

What in the fuck is this @Ledger why are you discontinuing support for the nano s? Im pretty sure a large amount of the 2021-2023 people use this device as their primary hardware wallet. Absolutely worthless company, will never buy another ledger product again. https://t.co/cOAjuY0n3l

— ⁵⁵¹¹ 🍌 (@BAYC5511) June 25, 2025

Another user, @STRYED0R, pointed out that the memory limitations have always existed and are not a valid reason for ending support now.

„the hardware has reached the limits of what it can support. The device’s memory capacity restricts the number of apps that can be installed at once, which makes it difficult to manage multiple assets or blockchains.“
THIS HAS ALWAYS BEEN THE CASE!

NOT A PROPER REASON.

— STRYED0R🛸 (@STRYED0R) June 26, 2025

These sentiments reflect a broader concern that Ledger is abandoning backward compatibility, thereby risking the trust it spent years building.

Ledger has defended its decision

In response to the backlash, Ledger has reiterated that the Nano S reached end-of-life status back in 2022, and this final phase-out was part of a long-communicated transition.

The company clarified that the Nano S Plus, which retains the same form factor but includes more memory and ongoing support, remains fully operational.

To ease the shift, Ledger is offering a 20% discount for users upgrading from the Nano S to a newer device.

Despite this gesture, many users have called for free replacements, claiming that security should not come at an extra cost for early adopters.

The post Ledger to discontinue its Nano S hardware wallet model appeared first on CoinJournal.

• NYSE Group filed paperwork Tuesday to list a “Truth Social Bitcoin ETF,” linked to Trump Media.
• Trump Media, majority-owned by Donald Trump, is partnering with Yorkville Advisors for the ETF.
• Yorkville America Digital is the sponsor; Crypto.com affiliate Foris DAX Trust Company will be custodian.

Trump Media & Technology Group Corp. (TMTG) is moving closer to introducing an exchange-traded fund (ETF) linked to Bitcoin, a development that would see the company, closely associated with former President Donald Trump, enter the increasingly crowded arena of cryptocurrency investment products aimed at retail investors.

The New York Stock Exchange (NYSE) Group Inc. took a formal step on Tuesday by filing regulatory paperwork to list the ‘Truth Social Bitcoin ETF’.

The name directly references President Trump’s social media network, further solidifying the connection between the proposed financial product and the Trump brand.

This move follows TMTG’s earlier actions in February, when the company, in which Trump holds a majority stake, applied to trademark several brands for investment products.

These proposed products feature themes that closely align with the former president’s policy priorities, notably including Bitcoin.

To navigate the complex regulatory approval process, TMTG signed a formal agreement with Yorkville Advisors, a New Jersey-based firm described by Trump Media as “an America-First asset management firm.”

In Tuesday’s regulatory filing, Yorkville America Digital is identified as the sponsor of the new Truth Social ETF. The fund’s strategy will involve actively buying and selling Bitcoin to track the price of the leading cryptocurrency.

According to the document, Crypto.com, through an affiliated entity named Foris DAX Trust Company LLC, will serve as the custodian for the digital tokens held by the ETF.

The filing does not explicitly mention Donald Trump, nor does it provide a ticker symbol or details on the fund’s fees at this stage.

Neither Yorkville Advisors nor Trump Media & Technology Group immediately responded to requests for comment on the development.

A crowded field with a presidential connection

Should the Truth Social Bitcoin ETF receive regulatory approval, it will join an expansive universe of more than 60 US-listed ETFs already tied to Bitcoin.

However, this particular fund could potentially benefit from its distinct association with a former president who has not only advocated for Bitcoin-friendly legislation but has also previously discussed the concept of creating a national cryptocurrency reserve.

Market analysts acknowledge the unique positioning of this potential ETF.

“On one hand, this is pretty unchartered territory and a huge endorsement of Bitcoin from Trump’s company,” commented Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence.

But on the other, it’s a routine filing in a very crowded category and it will have its work cut out to attract flows and liquidity.

Expanding Trump-linked crypto ventures and ethical scrutiny

The proposed ETF represents one of several cryptocurrency-related business ventures being pursued by companies linked to Donald Trump.

Trump Media recently announced its intention to borrow money specifically to invest in Bitcoin.

Furthermore, the company had previously stated its plans to invest in the ETFs it issues, creating a direct financial interest in their performance.

These intertwining financial interests and policy influence have drawn criticism from ethics experts.

Concerns have been raised about the potential for Trump to benefit financially from sectors where he is also in a position to shape or has shaped policy.

The White House has previously maintained that the former president is walled off from the businesses that bear his name.

It has been reported that he transferred approximately $4 billion worth of Trump Media shares to a trust controlled by his son, Donald Trump Jr.

Despite these arrangements, the close association between Trump’s political persona and these financial ventures continues to attract scrutiny.

The post Trump’s crypto gambit: ‘Truth Social Bitcoin ETF’ files for NYSE listing – a game changer or just more hype? appeared first on CoinJournal.

• Ran Neuner claimed a Truth Social meme coin was launching in 72 hours.
• Past TMTG plans had discussed a digital rewards token, but none were launched.
• Meme coin speculation around Trump-branded assets remains high.

A rumour about a Truth Social meme coin sent social media and crypto traders into a tailspin this week before being swiftly denied by all official Trump-linked entities.

The speculation started with a viral tweet from Crypto Banter host Ran Neuner.

Although these claims were quashed by Donald Trump Jr., World Liberty Financial (WLFI), and Truth Social itself, the use of “$DJT” in the platform’s X profile has kept speculation alive in some corners of the market.

Trump-linked groups deny claims

The controversy erupted on Monday when Neuner posted on X that a “Truth Social Memecoin” would be launching within 72 hours, suggesting it was being backed by the same team that previously launched the TRUMP token.

That post rapidly circulated among meme coin investors, who interpreted the news as a signal of a new Trump-themed token entering the market.

Enthusiasts drew parallels to the earlier TRUMP token, which gained traction during the US election season.

Some saw this as a potential signal for another rally tied to the political branding of Donald Trump.

Within hours of the rumour gaining traction, several official Trump-linked platforms and individuals issued denials.

Truth Social, operated by Trump Media & Technology Group (TMTG), made clear that no meme coin was in development or launch.

World Liberty Financial, a DeFi project associated with the Trump family, also clarified that it remains the only crypto project backed by them.

WLFI issued a warning to users, noting that “anyone pushing fake tokens” is likely running a scam targeting uninformed investors.

Donald Trump Jr. further emphasised that there was “no truth whatsoever” to the rumour and asked people to avoid falling for misleading claims.

Neuner later acknowledged the backlash, posting a follow-up to indicate that denials had been issued and no confirmation existed about a Truth Social-linked crypto token.

TMTG’s past token idea resurfaces

Although the current wave of speculation has been publicly denied, it follows earlier reports that Trump Media was exploring ways to monetise its digital platforms.

Devin Nunes, CEO and Chairman of TMTG, had previously mentioned a digital rewards programme that could involve a token launched within a Truth+ digital wallet.

Those ideas were floated in internal planning stages but never moved to public rollout or announcement.

Despite that, lingering memories of the proposal have resurfaced amid the current speculation, adding fuel to online forums discussing DJT-related meme coins.

The ticker “$DJT” itself — primarily used for TMTG’s stock — further complicated the matter.

Since X profiles can include dollar-sign tickers, users spotted that Truth Social’s X account includes “$DJT” in its handle.

This was interpreted by some as a crypto ticker, though it has no blockchain listing.

The post Trump-linked crypto rumour sparks frenzy as $DJT ticker fuels confusion appeared first on CoinJournal.

• Tether Investments S.A. de C.V.—the investment arm of the crypto firm—now holds a 6.18% voting stake in Juventus.
• Tether initially acquired an 8.2% stake in the Italian football giant in February.
• The stablecoin giant, which posted a $13 billion profit last year, has been deploying capital across a range of sectors.

Tether, the issuer of the world’s largest stablecoin, has expanded its stake in Juventus Football Club to more than 10%, deepening its involvement with one of Europe’s most storied football institutions.

The move underscores Tether’s broader investment strategy that spans digital assets, media, and now, elite sports.

Tether Investments S.A. de C.V.—the investment arm of the crypto firm—now holds a 6.18% voting stake in Juventus, giving it a combined equity interest exceeding 10%.

Tether initially acquired an 8.2% stake in the Italian football giant in February.

Juventus, founded in 1897 and with 36 Italian league titles to its name, remains a powerhouse in both Italian and European football.

The club’s ownership structure now includes Tether as a key shareholder, placing it in a position to influence strategic direction.

Tether CEO Paolo Ardoino framed the investment as a long-term strategic partnership rather than a simple capital deployment.

“We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience.”

The company also expressed willingness to participate in future capital infusions to preserve and enhance its ownership position.

Tether’s broader investment activity

The Juventus deal is part of a broader wave of investments by Tether.

The stablecoin giant, which posted a $13 billion profit last year, has been deploying capital across a range of sectors, including artificial intelligence, bitcoin mining, and agriculture.

The firm recently partnered with SoftBank, Bitfinex, and Cantor Fitzgerald’s Brandon Lutnick to form a $3 billion crypto acquisition vehicle.

It has also ramped up its presence in Bitcoin mining, deploying hashrate to Ocean’s mining pool and purchasing 8,888 BTC in the first quarter of 2025.

Tether’s Bitcoin holdings now stand at 95,721 BTC, worth roughly $8.89 billion, according to Arkham Intelligence.

Beyond crypto, Tether is making moves in media and digital content. It recently invested €10 million in Italian media firm Be Water and injected $775 million into Canadian video platform Rumble, which has since integrated Tether’s USDT wallet support.

While some analysts point to Tether’s recent investment spree as a hedge against US dollar weakness amid global macroeconomic shifts and rising protectionism, others see it as a calculated bid to secure influence across decentralized finance, infrastructure, and consumer engagement platforms.

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