According to @FoxNews, Trump Media and Technology Group (DJT) announced a $400 million share buyback program, causing its stock to climb over 3.8% to $18.50 in early trading. The company confirmed this repurchase plan will be funded separately and will not affect its existing Bitcoin (BTC) treasury strategy, which was established after raising over $2 billion from institutional investors. CEO Devin Nunes highlighted the company's strong financial position with approximately $3 billion on its balance sheet as the reason for the move. In other news impacting the crypto space, NBA legend Shaquille O’Neal has reportedly agreed to a $1.8 million settlement in the class-action lawsuit concerning his promotion of the collapsed crypto exchange FTX. This development serves as a reminder of the ongoing legal risks associated with celebrity endorsements in the cryptocurrency market, following the conviction and 25-year prison sentence of FTX founder Sam Bankman-Fried.

According to @Ultra_Calls, Trump Media and Technology Group (DJT) has announced a $400 million share buyback program, which the company stated will be funded separately and will not alter its existing bitcoin treasury strategy. The firm's CEO, Devin Nunes, cited a strong balance sheet of approximately $3 billion as the reason for the move, which led to DJT shares climbing over 3.8% in early trading. This development runs parallel to the company's deepening crypto involvement, as the New York Stock Exchange (NYSE) has filed a rule change proposal to list the 'Truth Social Bitcoin and Ethereum ETF'. This proposed dual-asset fund would hold Bitcoin (BTC) and Ether (ETH) in a 3:1 ratio, with Crypto.com serving as custodian. The filing is a key procedural step towards public trading but does not guarantee approval from the SEC.