Bitmain's U.S. Factory Plans, Tron’s $1 Billion Securities Issue, Dalio's Gold & Bitcoin Advice, Institutional Sui Investment, Plasma’s $373M Token Sale, SEC Delays Trump ETF Decision

The latest market news reveals that Bitmain, the leading crypto hardware producer, intends to establish its first U.S. factory in Texas or Florida by the end of Q3, with production set to begin early 2026. This move aims to enhance delivery and repair services for U.S. clients, potentially influencing the hardware supply chain and mining profitability. Tron Inc. is preparing to issue up to $1 billion in securities, focusing on acquiring TRX tokens and generating new income streams, which could impact the token’s liquidity and market cap. Renowned investor Ray Dalio advises allocating 15% of investment portfolios to gold and Bitcoin as a hedge against macroeconomic risks like rising U.S. government debt. While favoring gold over Bitcoin due to concerns over adoption and privacy, he recognizes Bitcoin's diversification benefits. Mill City Ventures is raising $450 million to support a treasury strategy centered on the SUI token from layer 1 blockchain Sui. This institutional backing indicates confidence in Sui’s potential for mass adoption and integration with AI workloads. The Bitcoin sidechain Plasma has successfully raised $373 million in an oversubscribed token sale, surpassing its target significantly. Backed by prominent investors, its launch may bolster stablecoin ecosystem expansion. Lastly, the SEC has delayed its decision on the Trump-linked Truth Social Bitcoin ETF until September, signaling regulatory scrutiny that could influence market sentiment and ETF approval prospects.