Trump’s exclusive dinner for holders of the TRUMP memecoin is scheduled for Thursday night. Nearly 3/4 of the wallets on the leaderboard likely belong to non-US buyers, including Justin Sun, whose legal troubles in the US have vanished following his Trump contributions.
A small company called GD Culture Group has announced it will somehow purchase up to $300M in TRUMP tokens. As a company that primarily does business on TikTok, they have a strong incentive to try to influence Trump as he navigates the ongoing saga around a TikTok ban.
Trump crypto adviser David Bailey is following in the footsteps of sons of both Trump and Commerce Secretary Howard Lutnick, who are in the MicroStrategy-esque process of creating companies, rapidly going public, and acquiring large bitcoin holdings to become bitcoin proxy bets.
That and more in this issue of Citation Needed. There is also an audio version of the newsletter available on the article, or wherever you get your podcasts: https://pod.link/1719025552