The recent downturn in the crypto market, which saw total valuations plummet from an all-time high of nearly $4.3 trillion to below the $3 trillion mark, has severely impacted many investors. Among those affected is the Trump family, whose wealth reportedly decreased by $1 billion over the past month, according to Bloomberg. Their current net worth now stands at approximately $6.7 billion, down from $7.7 billion in September. Trump Family’s Crypto Portfolio Takes Major Hits The family’s crypto portfolio has suffered significant losses as a result of recent market conditions, including President Trump’s official memecoin, TRUMP, Eric Trump’s Bitcoin (BTC) mining firm, American Bitcoin (ABTC), and Truth Social—all of which are Bitcoin-related. Related Reading: XRP Real Purpose: Documentation Shows Payment Utility Contrary To Viral Claims — Details One of the hardest-hit entities is Trump Media & Technology Group (TMTG), the parent company of Truth Social. Last week, shares of the firm dropped to a record low, resulting in an estimated $800 million decline in Trump’s stake since September. The company has invested heavily in Bitcoin, spending roughly $2 billion on digital assets. Its stockpile of approximately 11,500 BTC, purchased when Bitcoin prices hovered around $115,000, now represents a significant downturn of about 25%. In addition, World Liberty Financial (WLFI), regarded as the Trump family’s principal crypto operation, has seen its value diminish rapidly. WLFI, which was once trading at $0.26, has now fallen to around $0.15 when writing. At its peak, the token’s total valuation reached about $6 billion, but it is now worth just over $4 billion. Despite the difficulties, a spokesperson for World Liberty Financial expressed optimism, stating that “Crypto is here to stay.” The spokesperson emphasized a long-term conviction in the technologies that support digital assets, suggesting that these innovations could transform financial services. Eric Trump Remains Optimistic Following his return to office in January, President Trump’s sons, Eric Trump and Donald Trump Jr., also began collaborating with Hut 8 Corp, a crypto company that supplies Bitcoin mining equipment. In exchange, they secured a controlling interest in a newly formed organization called American Bitcoin Corp. Eric Trump reportedly holds about 7.5% of this new venture. Related Reading: Attack On Cardano Founder Leads To Network Halt, What Really Happened? However, shares of Hut 8, which are traded on Nasdaq, have been cut by nearly half, wiping out over $300 million from Eric Trump’s wealth since September, with shares previously valued at $9.31. Amidst these financial challenges, Eric Trump conveyed a sense of optimism, suggesting that the recent market declines may present “a great buying opportunity.” He emphasized that those who purchase during downturns and embrace market volatility are likely to be the long-term winners in the cryptocurrency landscape. Currently, the market’s leading cryptocurrency has seen a 1.5% recovery on Monday toward $88,430, after reaching an 8-month low of $80,000 last Friday. This positions BTC nearly 30% below all-time highs of $126,000 reached back in October. Featured image from DALL-E, chart from TradingView.com
A task force established by President Donald Trump has issued a comprehensive crypto report advocating for clearer regulations governing digital asset markets. Released on Wednesday, the report calls on federal regulators to utilize their existing authority to create more definitive rules surrounding the trading of digital assets, thereby facilitating the adoption of innovative financial products. White House Crypto Report According to Bloomberg, the White House described the report as an essential step toward positioning the United States at the forefront of the blockchain revolution. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” officials stated in a fact sheet accompanying the report from the Working Group on Digital Asset Markets. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Formed through an executive order signed by Trump in January, the task force has proposed a variety of policy measures aimed at addressing the complexities of the digital asset landscape. Among its key recommendations is the urgent passage of the Digital Asset Market Clarity Act, which seeks to eliminate regulatory gaps by granting the Commodity Futures Trading Commission (CFTC) authority to oversee spot markets for non-security digital assets. The report also emphasizes the need to embrace decentralized finance (DeFi) technologies as a vital component of the evolving financial ecosystem. The report also urges both the Securities and Exchange Commission (SEC) and the CFTC to act swiftly, providing clarity on critical issues such as registration, custody, trading, and recordkeeping to enable federal-level trading of digital assets. Bitcoin Reserve With 198,000 Seized Coins These recommendations come on the heels of Trump’s recent signing of a congressional bill called the GENIUS Act, aimed at regulating stablecoins, marking a significant victory for the cryptocurrency industry. This new law establishes rules for US dollar-backed stablecoins, which proponents believe will pave the way for broader integration of digital assets into the financial system. The White House has indicated that additional details about the Strategic Bitcoin Reserve will be forthcoming. This reserve is expected to consist of approximately 198,000 Bitcoin that the government has seized from criminal cases and other proceedings. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? An executive order issued earlier this year mandated that the Treasury Department retain these Bitcoin holdings, with directives to explore budget-neutral methods for acquiring more. The report also addresses other crucial issues, including the need for clarity on Bank Secrecy Act obligations to strengthen anti-money laundering (AML) efforts. On tax policy, it recommends that Congress classify digital assets as a new category subjected to modified tax rules applicable to securities or commodities. Furthermore, it calls for legislation to extend wash sale rules to digital assets, preventing investors from claiming tax losses on securities if they repurchase similar assets within a designated timeframe. Featured image from DALL-E, chart from TradingView.com
President Donald Trump is reportedly poised to open the $9 trillion retirement market to a range of alternative investments, including crypto, gold, and private equity. According to the Financial Times, this initiative is expected to be formalized through an executive order as early as this week. It seeks to diversify the investment options available within 401(k) plans, which have traditionally been limited to stocks and bonds. Crypto In Retirement Savings Trump’s forthcoming executive order will direct regulatory agencies to explore the necessary adjustments to facilitate the inclusion of these alternative asset classes in professionally managed retirement funds. According to insiders familiar with the plan, this shift aims to enable American workers to invest their retirement savings in a broader spectrum of opportunities, including digital assets, metals, and funds that focus on private loans and corporate takeovers. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC This executive order marks a significant acceleration in Trump’s efforts to mainstream cryptocurrency investments. His administration has already taken steps to ease regulatory burdens, notably by reversing a Biden-era policy that discouraged the inclusion of crypto options in retirement accounts. The recent passage of three crypto-related bills by the House, which Trump has vocally supported, further underscores his commitment to bolster the digital asset industry. Higher Fees And Transparency Concerns The implications of opening the retirement market to private equity are vast. Major capital groups, including Blackstone, Apollo, and BlackRock, have expressed keen interest in gaining access to 401(k) funds, which they view as a potential source of hundreds of billions in new assets. However, the push to integrate less liquid private investments into retirement plans carries inherent risks. Higher fees and reduced transparency regarding asset valuations may pose challenges for plan administrators and investors alike. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now Featured image from DALL-E, chart from TradingView.com
Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly to make these tokens tradable, a decision that could significantly impact their market value and the financial interests of the Trump family. WLFI Transition From Voting Rights To Tradable Assets World Liberty Financial, a venture associated with Donald Trump’s family, launched the WLFI tokens last autumn as part of its decentralized finance (DeFi) platform, which also includes a stablecoin called USD1. Initially, these tokens were not designed for trading; instead, they granted holders voting rights on certain business developments, including changes to the platform’s underlying code. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? Early investors were primarily drawn to WLFI due to its association with Trump, banking on the expectation that the tokens would appreciate in value thanks to his backing. The recent vote to allow trading of the tokens marks a crucial shift, enabling market forces to set their prices. This transition is likely to attract a wider array of investors, potentially generating trading fees for exchanges that list WLFI and fueling speculation about the tokens’ future value. Although it remains unclear how this will directly benefit the Trump family, the increased trading activity may enhance the overall value of their holdings, which are substantial. Trump’s Potential Conflicts Of Interest Critics, including several Democratic lawmakers, have raised concerns regarding the ethical implications of the Trump family’s financial involvement in World Liberty Financial. Senator Elizabeth Warren and Representative Maxine Waters have voiced their worries to the US Securities and Exchange Commission (SEC), arguing that the family’s financial stake constitutes a significant conflict of interest that could influence regulatory oversight of the cryptocurrency industry. They pointed out that the WLFI tokens have not been classified as securities by the SEC, which means they are not subject to the same level of regulatory scrutiny as traditional investments like stocks. The White House has maintained that Trump’s assets are managed by a trust overseen by his children, asserting that there are no conflicts of interest. However, the specifics of this trust arrangement remain undisclosed. World Liberty Financial Promises More Details Trump’s company, DT Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion WLFI tokens, with Trump himself holding approximately 15.75 billion tokens as of the end of last year. Reports suggest that the Trump family has generated around $500 million from World Liberty since its inception. Related Reading: BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally In light of the recent vote, the White House declined to comment to Reuters on how the tradability of WLFI might affect the family’s financial interests. A spokesperson for World Liberty Financial indicated that further details about the trading process would be provided soon. The proposal to initiate tradability received overwhelming support, with 99.94% of approximately 20,900 votes in favor. Many token holders expressed their motivations for voting, with some citing expectations of price increases and others aligning their investment with support for Trump. Featured image from DALL-E, chart from TradingView.com
Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury. Trump Media confirmed that it has secured subscription agreements with approximately 50 institutional investors to facilitate this ambitious endeavor. Related Reading: On The Verge: Strategy’s Recent Purchase Positions Total Bitcoin Holdings Near 600,000 To manage these digital assets, the company will store its Bitcoin with Anchorage Digital and Crypto.com—platforms that recently collaborated with Trump Media to launch its first exchange-traded funds (ETFs). This announcement comes as BTC retraces from its recent record highs, coinciding with the Bitcoin 2025 conference on the Las Vegas Strip, which has highlighted President Donald Trump’s emerging identity as the nation’s first “crypto president.” Despite the excitement surrounding the IPO, Trump Media’s stock remains volatile, experiencing nearly a 30% decline this year. The company currently holds a market capitalization of about $5.3 billion, contrasted with reported revenues of just $3.6 million and a loss of $400 million in 2024. BTC As An ‘Apex Instrument’ Devin Nunes, CEO of Trump Media and former congressman, referred to BTC as an “apex instrument of financial freedom.” He framed this move as a necessary defense against what he described as “systemic discrimination” from financial institutions toward conservative businesses. In addition to this treasury initiative, Trump Media has partnered with Crypto.com to launch a series of ETFs and digital asset products, pending regulatory approval. These funds will include baskets of cryptocurrencies like Bitcoin and Crypto.com’s native token, Cronos (CRO). The offerings will be branded under the Trump Media name and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally The $2.5 billion BTC treasury initiative also follows a broader trend among politically aligned businesses converting their corporate treasuries to Bitcoin-heavy portfolios. Additionally, figures like Jack Mallers are emerging to rival established players, backed by significant investment from Tether and SoftBank. David Bailey, another major player in Trump-linked BTC initiatives, recently led a $710 million merger with KindlyMD, shifting the company’s focus from holistic opioid recovery to a crypto-first strategy. Bailey, a trusted advisor to the Trump administration, described this approach as “Strategy, squared,” emphasizing a commitment to increasing the BTC holdings per share. Featured image from DALL-E, chart from TradingView.com
The Bitcoin price and the entire crypto and stock market have been operating at the mercy of the tariff wars ignited by US President Donald Trump after being sworn into office. The initial wave of tariff increases on countries such as China triggered massive crashes across financial markets, plunging the Bitcoin price below $80,000. However, the tariff wars are nearing their end with the latest announcement from the White House regarding trade between the United States and China. White House Announces Reduction Of China Tariffs In April 2025, US President Donald Trump had announced a drastic increase of tariffs on Chinese goods to a high 145%, with over 180 countries also seeing tariff increases. This triggered a wave of panic and retaliation, triggering what is now known as the ‘tariff wars.’ As discussions progressed, another announcement in April revealed a 90-day pause on tariffs for other countries, with the exception of China. Related Reading: XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025 While China was yet to exempt, the 90-day pause did have a positive effect on the market as the Bitcoin price recovered, taking the crypto market up with it. Since then, the Bitcoin price has since recovered above $100,000, as well as the stock market seeing multiple green days. Trade talks have since been ongoing between China and the United States and there has been a stopgap put in place for now. In a statement on the White House website, it was announced that both the Chinese and United States government at the US-China Economic and Trade Meeting in Geneva had agreed to modify their respective applications and implement a suspension of 24 percentage points of tariffs. This agreement is expected to be in place for an initial period of 90 days, giving both parties time for more discussions toward a resolution. The statement read that this was done in “the spirit of mutual opening, continued communication, cooperation, and mutual respect.” Why The Bitcoin Price Could Explode Currently, the rally of the Bitcoin price is being driven by the positive news surrounding the tariffs. So, it is expected that more positive news will continue to drive up the price. The agreement between the US and China states that both countries should have implemented the tariff reduction by May 14, 2025. With only a day left, this deadline could trigger another rally. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards As the news of the suspension begins to make the rounds, it signals no negative news coming out regarding tariffs for the next three months at least. This gives time and most importantly, confidence in risk assets such as Bitcoin for investors looking for gains. With the return of investors into the risk market, the Bitcoin price could quickly cross $110,000 as early as Wednesday. Featured image from Dall.E, chart from TradingView.com
According to a Bloomberg report, President-elect Donald Trump’s transition team is considering the establishment of a new White House position dedicated exclusively to crypto policy. This development coincides with growing speculation about the inclusion of pro-crypto leaders in key positions within the new administration, as Trump’s advocacy for digital assets has been evident during his […]
According to recent reports, Howard Lutnick, the CEO of asset management firm Cantor Fitzgerald and a prominent supporter of crypto initiatives, is anticipated to be nominated by President-elect Donald Trump to head the US Department of Commerce (DOC). This nomination comes amidst growing speculation regarding Lutnick’s influence in shaping policies that could significantly impact the […]
On Monday, Bitcoinist reported that President-elect Donald Trump was scheduled to have a private meeting with Brian Armstrong, the CEO of US-based crypto exchange Coinbase, expected to influence the landscape of cryptocurrency regulation in the United States. Coinbase CEO Discusses Crypto Landscape With Trump Fortune confirmed on Tuesday that the discussion took place over a […]
President-elect Donald Trump is scheduled to meet with Brian Armstrong, the CEO of cryptocurrency exchange platform Coinbase, on Monday. According to the Wall Street Journal (WSJ), the meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump’s upcoming administration. Trump’s Vision For […]
FBI agents conducted a raid on the Manhattan apartment of Polymarket CEO Shayne Coplan early Wednesday morning, just a week after the election-betting platform accurately predicted Donald Trump’s victory. Political Allegations Surround Polymarket According to a report by the New York Post, Coplan was awakened at 6 am by law enforcement who demanded his phone […]
With Donald Trump elected as the 47th president of the United States, the prospect of establishing a national Bitcoin reserve is gaining momentum. Trump has pledged to make BTC a cornerstone of the country’s economic recovery during his upcoming administration, which is set to begin on January 20, the day of his inauguration ‘We Are […]
Donald Trump’s election as the 47th president of the United States has sent shockwaves through the financial markets, particularly in the crypto sector. Following his victory announcement, Bitcoin surged to a new all-time high of $75,385, marking a significant rebound for the digital asset market. This rise comes amid a series of promises Trump made […]
As Bitcoin (BTC), the largest cryptocurrency by market capitalization, celebrates its 16th anniversary, former President Donald Trump, now a Republican candidate for the upcoming US presidential election, has issued a message to the cryptocurrency community. In a post shared on his social media platform Truth Social and on X (formerly Twitter), the Republican candidate emphasized […]
World Liberty Financial, the crypto venture launched by former President Donald Trump, is reportedly planning to develop its own stablecoin intended to serve as a stand-in for the US dollar. World Liberty’s Stablecoin Ambitions According to a Fortune report, the World Liberty team is currently focused on ensuring the financial product’s safety before its market […]
As the crypto market approaches a pivotal moment with the upcoming US election in November, former President Donald Trump continues to voice his support with a recent post and the details of his new crypto venture, “World Liberty Financial.” Trump Vows To Make The US A Crypto Capital In a recent video release, Trump articulated […]
Amid the buzz surrounding political tokens and the heated race for the White House between former President Donald Trump and Vice President Kamala Harris, a token known as Restore the Republic (RTR) emerged. According to Fortune, this crypto, which exploited rumors surrounding the Trump family, defrauded investors and led to the loss of significant amounts […]
Former President Donald Trump made waves at the recent 2024 Bitcoin Conference in Nashville when he pledged to “make crypto great again” – including firing the Securities and Exchange Commission (SEC) Chair on his first day back in the White House. Trump’s promise to oust the crypto-skeptic Gary Gensler resonated with many in the crypto industry who […]
This past weekend, the much-anticipated 2024 Bitcoin Conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s aspirations for possible re-election in the upcoming November elections. According to recent reports, Trump’s campaign raised a substantial $25 million in a single night at a private fundraising […]
Contrary to earlier speculation, Vice President Kamala Harris has declined to attend the much-anticipated Bitcoin 2024 conference in Nashville, shifting the spotlight to former President Donald Trump, whose highly anticipated speech could have a major impact on Bitcoin and the entire nascent industry. Kamala Harris Opts Out Of Bitcoin Conference Initially, discussions were indicating Harris’s […]
Former US President Donald Trump has revealed that JPMorgan CEO Jamie Dimon, a well-known skeptic of Bitcoin and cryptocurrencies, has apparently “changed his tune,” with the potential to win the role of Treasury Secretary in the scenario where the former president once again wins the seat in the Oval Office. Trump’s comments come as Treasury […]
The assassination attempt on former President Donald Trump during a rally in Pennsylvania on Saturday has led to a surge in his chances of winning the presidential election, according to crypto prediction market Polymarket. A recent report by Fortune found that while traditional polls may paint a different picture, Polymarket and PredictIt are seeing a […]
In a surprising turn, former President Donald Trump has positioned himself as a strong advocate for cryptocurrencies, pledging to champion financial innovation and deregulation in the industry. As the 2024 election approaches, Trump’s pro-crypto stance has gained significant attention, reflected in the betting odds on prediction markets like Polymarket, where he is currently favored to […]
During a San Francisco fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya, former President Donald Trump positioned himself as the champion of crypto and criticized the Democratic party’s regulatory efforts in the sector. Donald Trump Raises $12 Million In Race For White House According to Reuters, the event was held at Sacks’ […]
In the lead-up to the November elections, cryptocurrencies have become a prominent topic in the race for the White House. Notably, the Biden administration has changed its approach to digital asset regulation, likely influenced by former President Donald Trump’s support for the nascent industry. Biden Administration Calls For Balanced Crypto Regulation In an executive release, […]