Tag: donald trump
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Justin Sun Pumps $100M More into Trump’s Memecoin
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Justin Sun, founder of the TRON blockchain and a high-profile figure in the crypto world, has announced that he is purchasing another $100 million worth of the Trump-linked memecoin, $TRUMP. This latest move effectively doubles his known stake in the token and marks his growing influence within the political-crypto space that has rapidly developed around…
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Bitcoin Surges as Trump Pressures Fed
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Bitcoin is back in the spotlight as U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have attracted a staggering $15 billion in just three months. According to analysts, this fresh wave of investment is being driven not only by market interest but also by growing political pressure on the U.S. Federal Reserve to cut interest rates. Former…
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Trump’s Tariff Letters Spark 4.5% Crypto Crash
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President Donald Trump’s tariff letters to 14 countries has sent shockwaves through the global financial system with the crypto market bearing the brunt. Within 24 hours of the announcement, the total crypto market cap dropped by 4.5%, leading to a red day for top coins and related stocks alike. Alongside cryptocurrencies, the US stock market…
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Trump’s Crypto Empire: Power, Profits and Controversy
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Even before returning to the White House, Donald J. Trump had already begun carving out a powerful presence in the cryptocurrency world. His 2024 financial disclosures, released on Friday, reveal that crypto ventures have become one of the Trump family’s most lucrative income sources generating tens of millions in revenue and laying the groundwork for…
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Trump Reveals $57M Crypto Income from DeFi Project WLFI
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Former U.S. President Donald Trump has revealed a staggering $57.4 million in income from a cryptocurrency project called World Liberty Financial (WLFI). The disclosure was made through his 2025 public financial report, filed with the U.S. Office of Government Ethics on June 13. Trump’s involvement in the project is more than symbolic, he reportedly holds…
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Bitcoin Rallies on US-China Trade Deal Hopes
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Bitcoin has surged close to a new record, driven by optimism surrounding the United States and China finalizing their long-awaited trade agreement. The cryptocurrency market is riding on the prospect of reduced global economic uncertainty as the two economic superpowers iron out their trade differences. US-China Trade Deal Sparks Market Optimism On Wednesday, former US…
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Trump-Backed American Bitcoin Amasses 215 BTC Ahead of Public Listing
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London, 10 June 2025 — American Bitcoin, a cryptocurrency mining firm backed by Eric Trump and Donald Trump Jr., has quietly built up a reserve of 215 BTC, currently valued at over $23 million, since its official launch on 1 April. The company, known formally as ABTC, is preparing to go public through a merger…
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Trump’s CFTC Pick Hails Blockchain as Society-Defining Tech
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US President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), Brian Quintenz, has made bold declarations about blockchain’s future, calling it a “horizontal technology” capable of transforming not only finance but society at large. In remarks prepared for his Senate confirmation hearing, Quintenz underlined the urgent need for a clear and robust…
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Bitcoin Profit-Taking Surges After Golden Cross
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Bitcoin (BTC) investors have ramped up profit-taking activity following a classic technical signal known as the golden cross, confirmed on May 22. On this day, Bitcoin’s 50-day simple moving average (SMA) crossed above its 200-day SMA, a bullish indicator suggesting sustained upward momentum. Historically seen as a signal of long-term price appreciation, the golden cross…
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Crypto Groups Urge SEC to Rethink DAO Oversight
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In a bid to influence the evolving regulatory stance on digital assets, two prominent crypto advocacy groups, the DeFi Education Fund and the Uniswap Foundation have urged the U.S. Securities and Exchange Commission (SEC) to take a more nuanced approach to regulating decentralised autonomous organisations (DAOs). The groups argue that DAOs, if sufficiently decentralised, should…