In this episode of Coinstreet headlines, we dive into the latest headlines shaping the cryptocurrency landscape. Gryphon Digital Mining is set to merge with American Bitcoin, a company linked to the Trump family, with shares skyrocketing 231% since the announcement. The U.S. government has partnered with Chainlink and Pyth to publish economic data on-chain, enhancing transparency and accessibility of vital economic indicators. President Trump is considering 11 candidates for the next Fed chair, with three of them potentially being crypto-friendly, as Treasury Secretary Scott Bessent prepares to vet these candidates. Cathie Wood’s ARK Invest continues to make waves by purchasing an additional $15 million in Bitmine, bringing their total investment to over $300 million, positioning themselves strongly in the ethereum market. Jane King with the latest from the NYSE.
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Here's a look at your Coin Street headlines.
Griffin Digital Mining is set to merge with Trump-linked American Bitcoin in September, with its shares already up 231% since the May announcement.
According to the Reuters report, the merger will be all stock.
The new entity will retain the name American Bitcoin, and its two founders, Eric Trump and Donald Trump Jr. and Hot 8, will own 98% of the entity.
Well, the US government. is tapped Chain Link and Pipe, to blockchain Oracle providers, to publish economic data on Chain.
A chain Link spokesperson told Coin Telegraph the chain Link was selected to provide data feeds from the Bureau of Economic Analysis and will publish additional data feeds in response to consumer demand or at the behest of the US government.
Pythe was also selected by the Department of Commerce to be a publisher of gross domestic product.
GDP data, the total economic output in a year.
President Trump has 11 on his Fed chair list, and 3 of those may be crypto-friendly.
Treasury Secretary Scott Besant told Fox News that there are 11 very strong candidates for the Fed chair to replace Jerome Powell, which he'll begin to vet and shortlist starting next month.
And Cathy Wood's Ark and B buys another $15 million of the E.
Bitine with the recent purchase, Arkinvest now holds more than $300 million worth of Bitmine shares across its three funds.
Arkinvest Bitmine Holdings, which can also be seen as a bet on ether, are now almost half the size of its investment in Coinbase.
The company holds nearly $676 million worth of coin after selling 5700 coin shares.
That's Coinbase last week, and that is the latest Coin Street headlines.