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real question: what's missing to decentralized social media to finally move CT our of twitter?

Trump Media & Technology Group announced it will raise approximately $2.5 billion through a private placement to build one of the largest corporate Bitcoin treasuries to date. The company, which operates Truth Social, Truth+, and the fintech brand Truth.Fi, said the deal involves about $1.5 billion in common stock and $1 billion in convertible notes, priced at a 35% premium. The funds will be used to acquire Bitcoin ( BTC ), adding the cryptocurrency to the company’s balance sheet alongside $759 million in cash and equivalents reported at the end of Q1 2025. The deal is expected to close by May 29. CEO Devin Nunes said the move reflects the company’s belief in Bitcoin as a “financial freedom” asset and a strategic hedge against what he called “harassment and discrimination by financial institutions.” He added that the acquisition is a first step in turning Trump Media into a holding company focused on profit-generating “crown jewel” assets aligned with America First values. Crypto.com and Anchorage Digital will provide custody services for the Bitcoin holdings. The company plans to integrate its Bitcoin strategy across its platforms, including for subscription payments and a potential utility token. The financing round was led by Yorkville Securities and Clear Street, with BTIG and Cohen & Company serving as co-placement agents. Cantor Fitzgerald acted as financial advisor. With this move, Trump Media joins a small group of public companies making large Bitcoin allocations, potentially aligning itself with firms like Strategy in using crypto as a treasury reserve.

MetaMask, the most popular hot crypto wallet, has added support for the Solana network, ending years of EVM exclusivity. MetaMask users are finally able to transfer to keep their Solana (SOL) assets in their wallet. On Tuesday, May 27, MetaMask officially added support for the Solana network on its web browser extension. This means that users will be able to hold SOL and Solana-based tokens in the wallet. While the Solana network is not yet available on the MetaMask mobile app, mobile support is expected “in a few weeks,” according to the company. MetaMask also announced plans to expand support for additional networks not powered by the Ethereum Virtual Machine. “Solana is just the start. We’ll be adding more non-EVM networks over the coming months, to make wallet juggling a thing of the past. One wallet, one interface, every network,” MetaMask. According to the company, integrating Solana and other non-EVM chains is part of a broader effort to streamline the user experience. Previously, users holding assets across multiple networks, such as Ethereum and Solana, had to manage separate wallets. With this update, they can now access and manage all supported assets from MetaMask. That said, not all Solana users are expected to immediately switch to MetaMask. Phantom, the leading Solana-native wallet, already supports multiple networks, including Ethereum, Bitcoin, Base, Polygon, and others. However, MetaMask is betting that its security architecture will help it gain traction among multi-chain users. The platform highlights features such as real-time alerts, malicious dApp detection, and transaction simulations as key tools for protecting users. MetaMask also notes that it has never experienced a protocol-level hack affecting its browser extension or mobile app. Still, several users have suffered losses due to social engineering, phishing, and other types of exploits. For instance, in 2023, MetaMask users were targeted with phishing emails after attackers managed to hack Namecheap.

RT @LynAldenContact: As Twitter/X flails with bots, and my DMs go offline from time to time, I do enjoy decentralized social media. Nostr.…

RT @WatcherGuru: JUST IN: 🇺🇸 Elon Musk's DOGE officially removes 12 million people over 120 years old from US Social Security database.