Cameron and Tyler Winklevoss, the co-founders of cryptocurrency exchange Gemini, have donated more than $10 million in Bitcoin ($BTC) to MAGA Inc., the Super PAC aligned with President Donald Trump. The contributions landed weeks after federal regulators moved to unwind a penalty the exchange had fought for years.
Two Contributions, One Day According to MAGA Inc.'s July report to the Federal Election Commission, Gemini Trust Company sent two separate contributions of more than $5 million in Bitcoin on June 19, disclosed in a July FEC filing. The precise breakdown, confirmed by FEC records, shows Cameron's records total $5,006,604.47 and Tyler's total $5,011,860.44. After receiving the Bitcoin, the FEC filing shows that the committee sold the donated Bitcoin through Gemini. Under FEC rules, a political committee selling donated Bitcoin must name the exchange, though the buyer can remain anonymous and does not count as a contributor.
Together, the contributions add up to a $10 million political commitment, one of the most significant crypto donations ever reported to the FEC. The contributions were made in Bitcoin, a relatively novel form of campaign finance that Super PACs are permitted to accept, and MAGA Inc. can deploy the funds for independent expenditures in support of President Donald Trump.
The Regulatory Backdrop The donation was recorded about three weeks after the CFTC filed a joint motion with Gemini in federal court in an attempt to reverse a January 2025 settlement over the company allegedly making false or misleading statements. The CFTC took the rare step of attempting to reverse the $5 million settlement it reached with Gemini in January 2025. In its motion, the CFTC acknowledged the original complaint was largely based on a whistleblower's account "known to be lacking in credibility," calling the exchange a "fraud victim."
CFTC Chair Michael Selig claimed at the time that the agency under former President Joe Biden "politically targeted" the Winklevosses through enforcement actions. Importantly, the donation came 23 days after the CFTC joined Gemini's effort to undo parts of its 2025 judgment, although the filing offers no evidence linking the two events, and the records provide no clear evidence that the donations caused or influenced the CFTC's action.
The Winklevoss brothers have a long track record of supporting Trump politically. In addition to the recent MAGA Inc. contributions, the Winklevoss brothers each donated $1 million to Trump's 2024 election campaign and supported the then-candidate through social media posts. Following Trump taking office in January 2025, the twins attended the signing ceremony for the GENIUS Act stablecoin payments bill and contributed $21 million in Bitcoin to the Digital Freedom Fund PAC in an effort to support the administration's efforts related to crypto policy. Gemini has now emerged as one of the largest crypto-aligned political donors backing the current administration.
Sources:
Cointelegraph: Gemini Sent $10M in Bitcoin to Trump PAC after Joint Motion with CFTC
CNBC: U.S. Regulator Moves to Withdraw $5 Million Penalty Against Winklevoss' Crypto Exchange
Decrypt: CFTC, Gemini File Joint Motion to Reverse $5M Settlement
Gemini Trust Company sent more than $10 million in Bitcoin to MAGA Inc., a super political action committee that supports President Donald Trump.
Summary
Gemini sent two Bitcoin contributions totaling over $10 million to Trump-supporting super PAC MAGA Inc. The donations followed Gemini and CFTC’s joint request to vacate ongoing terms of their settlement. Gemini will not recover its $5 million penalty even if the court grants relief requested. A July Federal Election Commission filing lists two Bitcoin contributions made on June 19, with each valued at more than $5 million. The committee can use the funds for independent spending that supports Trump.
The transfers came about three weeks after Gemini and the U.S. Commodity Futures Trading Commission filed a joint motion in a New York federal court. The parties asked the judge to remove the continuing terms of a January 2025 consent order. Available records do not establish that the donation affected the CFTC’s decision, and neither side has publicly linked the events.
FEC filing records two Bitcoin contributions MAGA Inc. disclosed the payments in its monthly report covering June. The filing identifies Gemini Trust Company as the contributor and records both payments on the same date. By June 30, the super PAC had reported more than $397 million in total receipts, according to reports citing the filing.
The contributions extend the Winklevoss brothers’ political support for Trump and pro-crypto groups. Cameron and Tyler Winklevoss each gave $1 million in Bitcoin to Trump’s 2024 campaign. They later donated $21 million in Bitcoin to the Digital Freedom Fund, a PAC created to support the administration’s crypto policy goals.
CFTC seeks relief from Gemini consent order The CFTC sued Gemini in June 2022. The agency alleged that the exchange made false or misleading statements while seeking approval for a Bitcoin futures product. Gemini settled the case in January 2025 without admitting or denying the findings. The consent order required a $5 million civil penalty and imposed a permanent injunction.
On May 27, 2026, the CFTC joined Gemini’s request for relief from that judgment. The agency said a later review found that the complaint “should not have been filed” under its current enforcement standards. It cited questions about the evidence, a whistleblower’s credibility and staff conduct during the investigation.
However, the motion does not seek repayment of the fine. The CFTC said both sides agreed that the $5 million “will not be returned to Gemini.” The requested relief covers the future-facing parts of the order, including the injunction. As crypto.news reported in May, the regulator said keeping those terms in force would not be equitable. No public ruling had appeared by July 24.
Warren questions the agency’s independence Senator Elizabeth Warren challenged the reversal request in a June 5 letter to CFTC Chair Michael Selig. She tied the matter to concerns about staffing cuts, reduced enforcement and contacts between the regulator and crypto or prediction-market firms. Warren called the developments “concerning signs of a CFTC beholden to political pressures and interests of the wealthy insiders.”
The letter states Warren’s position and does not prove that Gemini’s political giving shaped the agency’s action. The CFTC said its decision followed a review of the investigation, evidence, litigation tactics and current policy. It also said Gemini had been a fraud victim and that the earlier complaint relied heavily on an account lacking credibility.
Warren renewed her scrutiny on July 22 by asking the Government Accountability Office to examine CFTC staffing cuts and their effect on enforcement. Her office said the workforce had fallen by about 25% since January 2025. The CFTC’s current website lists Selig as its only commissioner, although federal law provides for a five-member commission.
Crypto election spending reaches new records The Gemini contribution arrived during a surge in crypto-linked political spending. As previously reported by crypto.news,Public Citizen estimated that crypto companies had contributed about $189 million during the 2026 U.S. election cycle by late June. The group said this represented about 37% of corporate political contributions tracked during the cycle.
Several large crypto firms have funded PACs supporting candidates from both parties. Fairshake and related committees have received backing from Coinbase, Ripple and other companies. Meanwhile, MAGA Inc. has attracted money from Gemini and other technology or crypto businesses. Super PACs may accept unlimited corporate contributions for independent spending, but they cannot contribute directly to candidates or coordinate communications with them.
The spending comes as Congress considers the CLARITY Act, which could give the CFTC a larger role in digital asset oversight. Lawmakers continue to debate the regulator’s staffing, authority and leadership structure before expanding its duties.
The court has not publicly resolved the Gemini-CFTC motion. The Bitcoin transfer remains a separately disclosed political contribution. Gemini has already paid the $5 million penalty, and the agreement with the CFTC prevents its return even if the judge removes the order’s continuing restrictions.
Gemini Trust Company, a prominent cryptocurrency exchange co-founded by Cameron and Tyler Winklevoss, has contributed $10 million in Bitcoin to a super PAC backing US President Donald Trump, according to financial filings released this week.
Major Bitcoin donation tied to CFTC case developmentsThe contribution was disclosed in MAGA Inc. Super PAC’s July report to the Federal Election Commission. The filing reveals that Gemini sent two separate Bitcoin donations, each exceeding $5 million, on June 19. MAGA Inc., a political action committee supporting Trump, can use the funds for independent expenditures during the 2024 presidential campaign.
This significant donation was recorded just weeks after the Commodity Futures Trading Commission (CFTC) and Gemini jointly requested a federal court to consider reversing a $5 million settlement reached in January 2025. The case centers on allegations that Gemini provided false or misleading statements.
Michael Selig, CFTC Chair and the agency’s only current commissioner, has asserted that previous enforcement actions against Gemini were politically motivated under former President Joe Biden’s administration, targeting the Winklevoss brothers.
The CFTC, led by Selig, claimed that the Biden administration “politically targeted” the Winklevosses through enforcement, highlighting tensions surrounding regulatory action in the crypto sector.
Beyond the $10 million donation, the Winklevoss twins previously contributed $1 million each to Trump’s 2024 campaign and have shown vocal support for his presidency on social media. After Trump’s return to office in January 2025, the brothers appeared at the signing ceremony for the GENIUS Act, a stablecoin payments bill, and backed his sons’ crypto mining venture, American Bitcoin. They have also contributed $21 million in Bitcoin to the Digital Freedom Fund PAC, aimed at advancing crypto-friendly policies.
Ongoing court proceedings and political reactionsNo final decision has been made public regarding the joint CFTC-Gemini request, which was filed with the US District Court for the Southern District of New York in May. The CFTC stated in June that if the court grants reversal, the $5 million penalty will not be returned to Gemini.
Senator Elizabeth Warren sent a letter to CFTC Chair Selig in June, raising concerns that the joint motion and recent actions suggest the agency may be influenced by political pressures and wealthy insiders, warning of risks to market integrity and investor protection.
As of June 30, MAGA Inc. reported total receipts exceeding $397 million.
RecipientAmountAssetDateMAGA Inc. Super PAC$10 millionBitcoin (BTC)June 19, 2025Trump 2024 Campaign$2 millionUSDPrior to June 2025Digital Freedom Fund PAC$21 millionBitcoin (BTC)Prior to June 2025Selig’s unique position and crypto regulationMichael Selig, a Republican who was confirmed as CFTC Chair in December 2025, is currently serving as the sole commissioner on the panel, which is traditionally composed of five bipartisan members. The Commodity Futures Trading Commission is responsible for regulating US derivatives markets, including those related to digital assets.
Lawmakers from both parties have urged President Trump to nominate additional commissioners to restore the commission’s normal composition, especially as Congress debates the Digital Asset Market Clarity (CLARITY) Act. The pending bill would expand the CFTC’s authority over digital asset markets, establishing clearer rules and oversight mechanisms.
As of the latest updates, the White House had not put forward new nominations for the CFTC, meaning Selig continues to manage the agency’s regulatory agenda.
Mini dictionary: Commodity Futures Trading Commission (CFTC), an independent US government agency that regulates derivatives markets, including futures, options, and swaps, and increasingly digital assets. It plays a key role in establishing legal frameworks for crypto-related trading.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto entrepreneurs Tyler and Cameron Winklevoss donated over $10 million after liquidating Bitcoin to American super PAC MAGA Inc., which supports President Donald Trump.
A Tuesday filing shows each twin — the founders of the public crypto exchange, Gemini — donated over $5 million each.
The donation comes about one month after the U.S. Commodity Futures Trading Commission asked a judge to vacate the agency’s $5 million penalty against Gemini.
The twins back in 2024 announced that they had donated 30.94 Bitcoin, valued at over $2 million at the time, to President Trump’s campaign, claiming it would “put an end to the Biden Administration’s war on crypto.”
During the Biden Administration, regulators cracked down hard on crypto exchanges — including Gemini — but since President Trump took office, a number of lawsuits have been scrapped.
MAGA Inc. has raised over $400 million in fresh cash ahead of November’s midterm elections.
The Winklevoss twins are Bitcoin OGs The Winklevoss Twins — who claimed they played a part in the creation of Facebook — founded crypto exchange Gemini in 2014 after being early Bitcoin backers.
Crypto industry observers have long speculated that the twins are two of the biggest Bitcoin holders in the space.
The twins have long praised President Trump’s pro-Bitcoin and pro-business stance, claiming it’s crucial for the future of the crypto industry in the country.
Tyler in particular emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth.
“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he said back in 2024. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.”
Back in May, Gemini shares jumped over 20% in after-hours trading after the Winklevoss twins announced a $100 million Bitcoin-funded investment in the company alongside Q1 earnings showing 42% year-over-year revenue growth.
The quarter’s results included a narrowed net loss of $109 million and a sharp rise in services and credit card revenue, though trading volumes had fallen from a year earlier following Bitcoin’s crash from its October peak.
The rally followed months of turmoil for Gemini, including layoffs, executive departures, shareholder lawsuits, and a stock price that had dropped more than 89% from its IPO high, partly offset by a CFTC derivatives license granted in April.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
Crypto entrepreneurs Tyler and Cameron Winklevoss have donated over $10 million from the sale of Bitcoin to the US political action committee MAGA Inc., which supports President Donald Trump. Public filings from Tuesday show that each twin, who co-founded the crypto exchange Gemini, contributed more than $5 million to the Super PAC.
Gemini founders increase political engagementThe latest donation follows their previous contribution of 30.94 Bitcoin—worth over $2 million at the time—to President Trump’s campaign earlier in 2024. At the time, they stated that this move aimed to help end what they described as the Biden Administration’s “war on crypto.”
Regulatory scrutiny increased during President Joe Biden’s term, with multiple agencies intensifying enforcement actions against cryptocurrency companies, including Gemini. However, after Trump took office, several lawsuits against these firms, reportedly including Gemini, were dropped.
The US Commodity Futures Trading Commission recently requested a judge to vacate a $5 million penalty imposed on Gemini, further reflecting the shifting regulatory environment.
MAGA Inc. has reportedly raised more than $400 million in new funds ahead of the upcoming November midterm elections, positioning it as a significant force among US Super PACs.
DonorAmount (USD)RecipientTyler Winklevoss$5 million+MAGA Inc.Cameron Winklevoss$5 million+MAGA Inc.Mini dictionary: MAGA Inc. is a political action committee that channels financial support in favor of President Donald Trump and related conservative candidates during US elections.
The Winklevoss twins: Early Bitcoin backers and Gemini foundersTyler and Cameron Winklevoss emerged as prominent figures in the crypto industry after their legal dispute with Facebook’s Mark Zuckerberg. Since founding Gemini in 2014, they have played a key role in expanding cryptocurrency adoption and have often been regarded as major Bitcoin holders.
Throughout the years, the twins have publicly supported Donald Trump’s approach to cryptocurrency policy, stating that his pro-Bitcoin and pro-business agenda is vital for the future of the industry in the US. Tyler Winklevoss in particular stressed the need for a political transition to secure an environment favorable to innovation and economic growth.
Tyler Winklevoss stated in 2024 that President Donald J. Trump is “the pro-Bitcoin, pro-crypto, and pro-business choice,” and argued that this assessment is not open for debate. He further described any alternative viewpoint as misinformed or untruthful.
Observers in the crypto space have long speculated that Tyler and Cameron Winklevoss are among the largest individual holders of Bitcoin.
Gemini’s 2024 performance and market challengesIn May, shares of Gemini rose by more than 20% in after-hours trading following the twins’ announcement of a $100 million Bitcoin-funded investment in the company. The same quarter, Gemini reported a 42% increase in year-over-year revenue and managed to narrow its net loss to $109 million.
Despite these positive developments, Gemini faced difficulties over the past year, including falling trading volumes as Bitcoin prices retreated from their October highs. The company also navigated internal challenges such as staffing reductions, executive departures, legal disputes among shareholders, and a share price decline exceeding 89% from the IPO peak.
Some of these struggles were partially mitigated after Gemini obtained a CFTC derivatives license in April, allowing for expanded trading offerings amid an evolving US regulatory framework.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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U.S. Rep. Anna Paulina Luna of Florida allegedly tipped off a MAGA influencer in 2024 that Donald Trump would choose JD Vance as his running mate, teeing up a winning bet on Polymarket, the latest in a string of allegations of insider political betting sweeping Washington, D.C.
Luna allegedly described knowing Trump would choose Vance during a summer 2024 lunch at Stovall House, a social club in Tampa, and said she had tipped off Rogan O’Handley, known online as DC Draino, teasing him for not putting more money behind the bet, The Wall Street Journal reported.
The alleged tip inspired an investigation from the Commodity Futures Trading Commission, according to the paper.
The Independent has contacted Luna, O’Handley, Polymarket and the commission for comment.
Both Luna and O’Handley strongly denied the allegations of being involved in an insider trade.
Republican Rep. Anna Paulina Luna, center, allegedly tipped off an influencer that Donald Trump would choose JD Vance as his vice president, allowing the influencer to place a winning bet on Polymarket. Luna and the influencer deny the allegations (Reuters)“l am honored the WSJ thinks I am telepathic but unfortunately I am not,” the Republican congresswoman told the paper, vowing to “continue to champion the fight against insider trading.”
A spokesperson for the congresswoman told the Journal she initiated a criminal complaint with the commission alleging someone knowingly made a false report to the agency.
“Any suggestion that I traded on confidential information or discussed doing so is inaccurate,” O’Handley told the Journal. He added that he was unaware of any federal investigation.
News of the alleged Vance tip follows the White House’s announcement that one of President Donald Trump’s teleprompter operators was put on unpaid administrative leave after being accused of winning more than $100,000 from betting on the content of the president’s speeches.
Gabriel Perez is currently complying with the Commodity Futures Trading Commission, White House press secretary Karoline Leavitt confirmed Thursday.
The White House has reportedly warned staffers against using inside info to make political bets, after a series of unknown traders made hundreds of thousands of dollars guessing the timing of a ceasefire in the Iran war (Getty Images)Leavitt added that the president found the situation “deeply unfortunate and frankly a disgrace.”’
In March, the White House reportedly warned staffers against using nonpublic information to make political bets, after a trio of Polymarket accounts made more than $600,000 accurately predicting the timing of a ceasefire in the Iran war.
Polymarket says it vigorously prosecutes any unusual and illegal activity on its platform, where betters can open accounts anonymously.
Critics of online prediction markets such as Polymarket and Kalshi have long warned such forums could inspire corruption.
The president’s son Donald Trump Jr. advises both Polymarket and Kalshi. His venture capital firm is also an investor in Polymarket. He is not accused of wrongdoing regard the above alleged trades.
Brad Parscale, former head of Donald Trump’s election campaign, has been reported to lead an Israel-funded digital influence operation aimed at gaining support from MAGA followers for the ongoing U.S.-Israel conflict with Iran. This operation, conducted through Parscale’s firm Clock Tower X LLC, seeks to shape public opinion in favor of the war by coordinating with MAGA influencers and leveraging digital platforms to embed pro-Israel narratives. The campaign’s efforts are part of a broader strategy to influence AI-generated content and integrate these narratives into conservative media channels.
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Key Takeaways The report appears to suggest that digital campaigns are being used to influence U.S. public opinion on the Iran conflict in a manner supportive of ongoing military actions. Market pricing suggests a decrease in the likelihood of a US-Iran deal in 2026, with odds moving from 29% to 25.5% YES over recent days. The involvement of digital influence operations may indicate increased political maneuvering, impacting perceptions around the potential for diplomatic resolutions. What to Watch Observers should monitor any official responses from the U.S. and Iranian governments, which could further influence market dynamics. Key developments in the military conflict, such as new strikes or retaliatory actions, may provide additional indicators consistent with NO outcomes in related markets. Additionally, changes in public discourse or media coverage resulting from the digital campaign could indicate shifts in public sentiment, potentially impacting future negotiations.
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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Robert Barnes, former lawyer to Donald Trump, has stated that Trump is no longer engaging with Iran merely to achieve strategic objectives. Instead, Barnes suggests Trump is now focused on forcing Tehran into submission, a move he warns could potentially fracture the MAGA political base. This statement comes amid escalating tensions between the U.S. and Iran, following renewed U.S. military actions despite a ceasefire memorandum. Observers note that Trump’s stance may have significant implications for the ongoing U.S.-Iran conflict and related diplomatic efforts.
The current status of the U.S.-Iran relationship is tense, with recent U.S. strikes on Iranian cities indicating a possible return to full-scale conflict. Trump’s declaration that the ceasefire is “over” and threats to reinstate a naval blockade align with Barnes’s assertion of Trump’s aggressive posture. This development has influenced prediction markets, with observable shifts suggesting decreased confidence in the likelihood of a U.S.-Iran deal that includes reconstruction funding for Iran.
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Markets have reacted to these developments, with the “US-Iran Deal in 2026” market indicating a decrease in the probability of such a deal including reconstruction funding. The likelihood of a deal containing key terms like uranium enrichment caps has also seen a decline, reflecting concerns over the potential for further military escalation and its impact on diplomatic negotiations.
Key Takeaways Market pricing suggests a decreased likelihood of a U.S.-Iran deal including reconstruction funding in 2026, consistent with Barnes’s claims of an aggressive U.S. stance. Recent U.S. military actions and Trump’s threats to end the ceasefire appear to have contributed to market skepticism regarding successful diplomatic resolutions. The shift in market prices reflects concerns that Trump’s strategy may undermine ongoing negotiations and result in further conflict. What to Watch Observers will be closely monitoring any official statements from the White House or the Iranian government regarding the ceasefire status and potential diplomatic engagements. Developments such as renewed military actions or diplomatic breakthroughs could significantly impact prediction markets related to U.S.-Iran relations. Additionally, any public declarations from Trump or key U.S. officials about the blockade and military operations may influence market sentiment and perceived probabilities of a deal.
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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The cover page of Donald Trump’s latest annual disclosure is dry enough to sedate even a compliance lawyer. But hundreds of pages in, the document suddenly becomes much more interesting.
A single royalty line worth $635,068,835, tied to a Celebration Coins license, and hundreds of millions more from World Liberty Financial token sales sit in the same official filing.
Trump, the world’s newest Crypto Don, has cashed in. Cue the inevitable scandal about a president raking in eye-watering sums of money from cryptocurrency gamblers, most of whom were losers in this trade, and also his supporters.
More fool them. But isn’t this the kind of corrupt swampiness MAGA set about draining from Washington? Well, up to a point.
The truth is, MAGA always knew Trump was like this. In fact, it’s a big part of why they backed him in the first place.
Trump’s Crypto WindfallTrump’s 2025 disclosure lists CIC Digital LLC, described as wholly owned by the Donald J. Trump Revocable Trust, receiving royalties from a license agreement with Celebration Coins and reports the amount as $635,068,835.
The same filing reports $236.25 million in token-sale proceeds distributed by World Liberty Financial, plus $65.6 million from the sale of equity in its holding company.
Those numbers are politically explosive—and more than a little grubby—because they involve a sitting president, his family business network, and an industry his administration is figuring out how to, and if it should, regulate.
But Trump has always sold his private accumulation of wealth through big business deals as his defining qualification for public office, displaying both his ruthless money-making skills and his incorruptibility.
When he announced his 2016 campaign, Trump displayed a financial statement and cast his business success as proof the country needed his kind of thinking.
During the first debate that fall, he cited $694 million in income and called it “the kind of thinking that our country needs.”
When his Democratic opponent Hillary Clinton suggested he may have paid no federal income taxes, Trump’s reply was blunt, crude, and honest all in one: “That makes me smart.”
The point was never asceticism for Trump, a standard by which many, if not most other politicians seem to be measured. Trump’s bargain with voters was that he understood the game because he had already beaten it.
His pitch was that wealth made him harder to fool, less dependent on donors, and better equipped to turn loopholes into leverage than other politicians. He said as much, years before the first token existed.
“The licensing deals are the best of all deals because there’s no risk,” Trump told Reuters in 2016. A June Reuters investigation found the crypto ventures run on exactly that logic.
Across four Trump-linked projects, the family licensed its name, promoted the products, and collected revenue as buyers piled in—generating about $2.3 billion while outside investors lost roughly the same amount.
Little or no capital of the Trump family’s own was at stake.
Crypto, an exciting but controversial innovation in digital finance, which critics say is a haven for criminals and scammers, has made Trump’s pitch uglier than his old licensing deals for luxury real estate and consumer goods.
It has also made it more Trumpian.
MAGA Bought the DealerThe $TRUMP coin launched days before Trump returned to office and surged from under $10 to as high as $74.59 before falling back, with four-fifths of its supply held by CIC Digital and an entity called Fight Fight Fight.
The coin described itself as “an expression of support,” not an investment or a security—a distinction that should have cooled anyone foolish enough to be treating it as a retirement plan.
A meme coin carrying the president’s personal brand sits somewhere between politics, fandom, gambling, and merchandise. It’s essentially a casino chip with a campaign button stamped on it.
There were losses, though not for Trump.
Roughly two-thirds of investors in the memecoin are underwater, according to the Wall Street Journal, and the Reuters tally put buyers’ collective losses near the family’s $2.3 billion in gains.
No supporter deserves to be fleeced because a favorite leader put his name on a speculative asset.
Still, the naivete defense has limits. The SEC has warned that crypto asset securities can be “exceptionally volatile and speculative,” with a significant risk of loss.
FINRA tells investors that crypto assets can carry a real chance of losing the entire investment.
A voter can call Trump’s crypto dealings unseemly all they like, but a speculator who bought a president-branded token after years of such warnings has a hard time arguing the house owed him a win.
‘Crypto Corruption’ Senator Elizabeth Warren, a Massachusetts Democrat and ranking member of the Senate Banking Committee, called Trump’s crypto business “brazen crypto corruption” after the disclosure landed.
The Wall Street Journal’s editorial board—no organ of the left—accused the Trump family of “profiting off the presidency in ways that demean the office,” warning the deals could cost Republicans dearly if Democrats retake Congress.
This is more than the liberal pearl-clutching we’re used to about Trump. A president whose family profits from crypto while his government rewrites crypto rules creates an obvious, undeniable problem.
House Judiciary Democrats alleged in a November 2025 report that foreign actors and corporate interests were funneling money into Trump-linked ventures to buy access and favors.
An Abu Dhabi-backed fund alone poured roughly $500 million into World Liberty Financial, and Warren has pressed for legislation barring senior officials and their families from profiting off the industry.
Trump waved off the scrutiny, saying he was profiting only because “everybody’s profiting”—the stock market was up—and that he stays out of his own finances.
His crypto and AI czar David Sacks has said the president’s assets are in a blind trust and his adult sons are not in government.
But the “blind trust” is a fiction: Trump never placed his holdings in a blind trust. They sit in a revocable trust he controls as sole beneficiary, run by Donald Trump Jr.
And the stock market had nothing to do with the windfall—the crypto income is royalties and token sales, not gains on stocks or bonds.
Moreover, House Oversight Committee Chairman Rep. James Comer, a Kentucky Republican, defended the Trump family in October last year for their transparency, contrasting it with the Biden family’s business dealings.
“They're admitting they're doing this. The president campaigned as a business guy,” Comer told CNN, adding that Trump “is disclosing this income and that I think is the most important part of the transparency.”
Those defenses may satisfy MAGA loyalists, or at least keep them quiet. Few have broken ranks with Trump over the memecoin. But they should not satisfy anyone who thinks public office needs bright lines around private gain.
An agency ethics official concluded Trump was in compliance with applicable laws. But OGE reviews disclosures, it cannot enforce them, and enforcement rests with a Justice Department run by Trump’s appointees.
Compliance and public confidence are separate problems, and this filing is a map of the distance between them.
Trump’s crypto fortune does not prove every buyer was conned or every policy decision was sold, of course.
It does prove, however, that the Trump movement’s comfort with wealth, deal-making, and rule arbitrage has reached an industry built for speed, opacity, and celebrity-driven speculation. Trump was made for crypto.
The MAGA Bargain It is easy to see the new crypto numbers as a betrayal of Trump’s voters, many of whom are struggling middle-and-working class voters who can never hope to own even a tiny fraction, if that, of what these deals alone made for him.
But this is the kind of transaction many Trump supporters were primed to admire.
Trump’s 2016 defense of tax avoidance turned a vulnerability into a virtue. He did not apologize for using the law to his advantage, he said he used the system because he was running a company.
That logic sat right at the center of his populism. The problem was not his instinct for aggressive self-interest, in Trump’s telling, but stupid leaders who failed to turn pursuit of self-interest into national advantage.
You can see precisely this logic at play in his “America First” approach to diplomacy, defense, and trade, where his turbulent, hard-bargain style is driven by putting U.S. interests—as he sees them—on top of all else.
Look at tariffs. Look at NATO. Look at the Donroe Doctrine. It’s all in plain sight.
Whether the “crypto corruption” story sticks to Trump will depend on how his voters parse it, especially those who bought the coin and experienced losses—as personal betrayal, or as the cost of playing near power.
Will the Trump supporters among the two-thirds of memecoin buyers now sitting on losses begin to defect, or simply shrug and stay with him?
Many Trump supporters have long treated elite scolding of him as proof he is doing something right.
When the same institutions that failed to predict his rise declare his latest moneymaking venture disqualifying, the warning can sound like the same old complaint: that Trump is rich in the wrong way, too openly and too vulgarly.
Trump never hid his worldview. He bragged about wealth, defended tax avoidance as intelligence, and treated political leadership as an extension of deal-making.
Crypto Don is no deviation from the brand. He is the brand, tokenized.
House Must Always WinIf Congress wants to stop presidents and their families from cashing in on crypto, it can write tighter restrictions.
Senate Democrats already tried once with an amendment to bar the president and his family from profiting off the 2025 stablecoin law was stripped out before passage.
Warren is pushing to write similar limits into the market-structure bill now moving through the Senate. If investors want protection from celebrity coins, they can start by believing the risk warnings regulators have already published.
Trump’s opponents are right to see a conflict of interest problem. But they should not be surprised if Trump’s supporters are content with the moral architecture of $TRUMP.
MAGA did not elevate a monk to high office only to discover a hustler in false robes. It backed the man who said he knew how the game worked, and he was willing to play it in America’s interests on the global stage.
Whether it’s in his crypto casino or the Oval Office, Trump’s rule is the same: the house must always win.
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Leading political finance (PolitiFi) coins have defied the broader market trend, experiencing price declines in the past 24 hours. ConstitutionDAO (PEOPLE) and Maga (MAGA) saw their values drop despite overall market stability.
These movements come as the US election day, set for November 5, approaches, adding uncertainty to the performance of these politically linked tokens.
ConstitutionDAO Loses SteamPEOPLE currently trades at $0.08, registering a 2% drop over the past 24 hours. During that period, its trading volume has surged by 17%. A price drop accompanied by rising trading volume suggests that many traders are selling the asset, creating downward pressure.
PEOPLE’s negative Chaikin Money Flow supports this bearish bias. As of this writing, it is at -0.01 and in a downward trend.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
PEOPLE CMF. Source: TradingViewWhen both price and CMF are declining, the bearish sentiment is strengthened. The falling price shows weakness, and the negative CMF confirms that traders are not accumulating the asset, further reinforcing the downward momentum.
If the downtrend continues, PEOPLE’s price could drop by 26%, reaching $0.06. Should the bulls fail to defend this support level, a further decline to $0.05 may occur.
PEOPLE Price Analysis. Source: TradingViewThe Demand for MAGA Grows WeakerMAGA is another leading PolitiFi coin whose value has plunged over the past 24 hours. The meme coin currently trades at $0.00014, noting a 10% price drop during the period on review. Its technical setup, assessed on a 12-hour chart, confirms the waning accumulation.
For example, readings from its moving average convergence/divergence (MACD) indicator show its MACD line (blue) below the signal line (orange). This indicator tracks a trend’s momentum. When set up this way, it signals weakening momentum and indicates a downward price trend.
Additionally, MAGA’s Elder-Ray Index has fallen below zero, sitting at -0.000027. This indicator assesses the strength of buyers and sellers, with a negative value signaling that sellers are currently stronger, reflecting bearish market sentiment. If this trend continues, MAGA’s price could decline by 57%, potentially reaching $0.000061.
Read more: Best Crypto To Buy Now: Top Coins To Keep an Eye on in October 2024
MAGA Price Analysis. Source: TradingViewHowever, if the altcoin witnesses a resurgence in demand, MAGA’s price may rebound and climb toward $0.0031, invalidating the bearish projection.
The top trending cryptocurrencies today include some new entries, according to data from CoinGecko. However, the list also includes a usual suspect, which is trending due to the just-concluded US election.
In this analysis. BeInCrypto explains why these altcoins are trending and what could be next for prices. That said, the top three trending altcoins include Nym (NYM), MAGA (TRUMP), and Panther AI (PAI).
Nym (NYM)Nym tops the list of trending cryptocurrencies today due to its massive price increase. The project, which is a blockchain-based privacy network using zero-knowledge proofs, has seen its price climb by 28% in the last 24 hours.
As of this writing, NYM’s price is $0.075. However, on the daily chart, the Relative Strength Index (RSI) has hit 91.79. The RSI measures momentum and shows if an asset is overbought or oversold.
When the reading is below 30.00, the asset is oversold. On the other hand, when the reading is above 80.00, the asset is overbought, which appears to be the case with NYM. Considering this position, the altcoin’s price might drop to $0.068, especially if profit–taking rises.
Read more: 12 Best Altcoin Exchanges for Crypto Trading in November 2024
Nym 4-Hour Analysis. Source: TradingView However, this prediction might be invalidated if buying pressure continues to rise. In that scenario, NYM’s value could jump toward $0.10.
MAGA (TRUMP)MAGA is unsurprisingly part of the top trending cryptocurrencies today, largely due to Donald Trump’s victory as US president. However, unlike NYM, TRUMP’s price experienced a 20% drawdown in the last 24 hours.
This price decrease implies that Trump’s election was a “sell the news” event. According to the daily chart, the Relative Strength Index (RSI) has dropped below the neutral 50.00 point, which indicates bearish momentum around the altcoin’s price.
Should the remain the same, TRUMP’s value might drop to $1.67.However, if buying pressure increases, the trend might change. In that scenario, the meme coin’s value might bounce to $4.83.
MAGA Daily Analysis. Source: TradingView Self Chain (SLF)Self Chain (SLF) is one of the top trending cryptocurrencies today, largely due to its price increase. At press time, the token of the layer-1 blockchain has increased by 17% in the last 24 hours and currently trades at $0.29.
According to the 4-hour chart, the Awesome Oscillator (AO), which measures momentum, has risen to the positive region. When the AO is negative, momentum is bearish. But when it is positive, momentum is bullish.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
Self Chain 4-Hour Analysis. Source: TradingView Therefore, if momentum remains bullish, SLF’s price might continue to increase. If that happens, the altcoins’ value could rally to the highest level of the wick at $0.34. On the flip side, a rise in selling pressure could invalidate this prediction, and the price of altcoin could drop to $0.2
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New PolitiFi coin FreeDum Fighters ($DUM) has quickly raised $100,000 in just one hour, as MAGA ($TRUMP) and $MAGA whales take notice by making a big splash in this newly launched presale.
As the U.S. election heats up and the crypto space bets big on their presidential pick through Polymarket, FreeDum Fighters takes a more lighthearted approach to patriotism, adding a bit of fun before polling day.
The project invites political junkies to side with “Magatron” or “Kamacop 9000,” two mechanized versions of the leading candidates for office.
Both crypto libs and dems can join this gamified version of the U.S. election and participate in debates, voting, and earning rewards with the project’s native token, the cross-platform accessible $DUM.
Right now, early contributors can buy $DUM for $0.00005 per token. However, the price will increase through multiple presale stages, with the next round set at $0.000075 per $DUM.
PolitiFi Is Heating Up With The U.S. Elections Nearing The PolitiFi sector within the crypto sphere is buzzing, climbing 6.26% in the past 24 hours to reach a market capitalization of $772 million.
Bettors on Polymarket are wagering $622 million on a Trump win, compared to $414 million for Harris – something that could potentially aggravate the Vice President’s Trump Derangement Syndrome, if she indeed has it. Overall trading volume in the presidential election winner market on Polymarket has surpassed $2 billion.
It’s clear that the industry is banking on a Trump victory, which has positively impacted the prices of Trump-related PolitiFi coins. For instance, $TRUMP surged by 6.72%, while $MAGA soared by 2.78% in the past day.
That said, Kamala Harris-related coins have also fared well. In the same timeframe, Kamala Harris ($HARRIS) ticked up 7.11%, and Kamala Horris ($KAMA) saw a 14.28% bump. Belatedly, the Harris camp is also signaling positive regulatory vibes for crypto, so whoever wins, digital asset investors will probably be smiling.
While this meme coin subset is making a lot of noise lately, with Election Day just two and a half weeks away, whales are also turning their attention to new coins in the industry.
One that has caught their immediate interest is FreeDum Fighters, which quickly raised $100,000 in just one hour on Thursday.
But what is it about FreeDum Fighters that has crypto’s most politically inclined investors so engaged?
Prepare For The FreeDum Fighters: Magatron Versus Kamacop FreeDum Fighters introduces Magatron and Kamacop 9000, both ready to bring the rumble to the polls.
These incarnations of Trump and Harris are rallying support from all corners of the crypto political spectrum to participate in weekly debates, mirroring the fierce campaigning leading up to Election Day in a satirical way.
Users can craft witty arguments for the “Maga Machine” or the “Hunter of Injustice” on FreeDum Fighters’ social media accounts, and the winning team scores secret airdrops of “government funds,” transforming political engagement into real profits.
MAGA fans, hippies, rednecks, and commies 🇺🇸
Freedum Fighters presale is coming!
Get ready to make promises you won't keep, 'cause $DUM is about to Make Crypto Great Again 💪 pic.twitter.com/ffJtkWzaMo
— FreeDum Fighters (@Freedum_Fighter) September 24, 2024 Additionally, the project features a voting mechanism through staking, allowing users to select their FreeDum fighter and collect a hefty staking bounty across two staking protocols.
The passionately patriotic Magatron offers an impressive 861.51% APY, while the trailblazing feminist Kamacop 9000 boasts an astounding 28,755% APY.
$DUM, the primary currency for entering the FreeDum Fighters ecosystem, powers the debate rewards and staking. This token enables users to vote, earn rewards, and engage in various activities within the project.
When users invest in the presale, they are prompted to vote (stake) their $DUM tokens for one of the candidates.
If their chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance.
Only those who have voted (staked) will qualify for these rewards.
Around 108 Billion $DUM Tokens Will Be Up For Grabs In The ICO The project’s token has a total supply of 270 billion, with 40% – or 108 billion $DUM tokens – allocated for the presale.
Twenty percent, equating to 54 billion $DUM, will go into a liquidity pool to ensure robust trading on decentralized exchanges (DEXs). An equal amount will be reserved for staking pools.
Additionally, 10% of the total supply, or 27 billion $DUM, will fund the abovementioned debate rewards, giving all participants a chance to claim a share of this pot.
The remaining 10% will cover various initiatives, including marketing strategies tied to real-world political milestones to boost the project’s visibility. According to the FreeDum Fighters’ roadmap, these efforts are set to kick off as early as Phase One.
This final allocation will also support the upcoming token listing, which is expected to follow the crowning of the new leader between Magatron and Kamacop 9000.
How To Participate In The FreeDum Fighters’ ICO Political-themed tokens are rallying this year, and $DUM is primed to ride the wave as elections continue to dominate the headlines.
The head-chopping face-offs between the two parties set the stage for some much-needed comic relief from FreeDum Fighters, with $DUM offering a playful spin on this intense showdown while appealing to both sides of the political spectrum.
Whether it’s Magatron or Kamacop 9000 that claims victory, one thing’s certain: $DUM’s price is ready to blast off to the moon.
Visit the project’s official website to join Stage One of the presale—also known as the preliminaries. Connect your wallet, and with its multichain availability, you can choose between Ethereum, Binance Smart Chain, Base, and Solana, allowing you to purchase $DUM using ETH, BSC, BASE, SOL, USDT, and USDC.
FreeDum Fighters’ smart contract is fully audited by Coinsult and SolidProof, ensuring that its code contains no critical issues.
To stay updated with the latest developments, join the community on X or Telegram. Join the showdown.
Visit FreeDum Fighters.
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AirDAO, a prominent community-led L1 chain and dApp ecosystem, has announced MAGA Wallet. The release of MAGA Wallet targets to deliver seamless security as well as user-friendly features to enhance consumer experience. The platform disclosed the wallet launch on its official X account.
AirDAO Streamlines Web3 Interactions with MAGA Wallet, Prioritizing User-Friendliness and Security AirDAO pointed out that MAGA Web3 Wallet’s release underscores a landmark achievement to provide users with resilient features and security measures. It introduces social login, rapid wallet creation through QR code or link, and passkey support. These features eliminate the requirement for complex seed phrases as well as technical knowledge.
Parallel to its intuitive onboarding, the new wallet integrates cutting-edge tools such as account abstraction and autosigning for minor transactions. In addition to this, it also enables secure recovery options like recovery mechanisms based on identification. The wallet intends to spearhead the endeavors of AirDAO to increase its ecosystem throughout 2025.
The present features of the MAGA Wallet’s version 1 take into account log-in with the use of social media accounts or emails. This removes the requirement for complicated passphrases or wallet addresses. Additionally, simple login credentials get secure backup on cloud services such as iCloud, guaranteeing easy recovery and access. Apart from that, the wallet also provides a setup procedure without any need for a seed phrase. With this, the consumers can create wallets via QR codes or simple links.
New Wallet Enables Autosigning, Asset Buyouts with Credit Cards, and More As per AirDAO, MAGA Wallet also offers autosigning with automated transfer approvals. This feature streamlines consumer interactions, minimizing the requirement for manual confirmations. Consumers can invite others through referral links, with integration features for centralized exchanges like Binance. Consumers can buy assets straight with credit cards, using partnership-based services to offer smooth experience.
AirDAO asserted that MAGA Wallet focuses on driving wide user engagement as well as liquidity flows in AirDAO. The increased user-friendliness and security that MAGA Wallet provides enhance benefits user interest. Keeping this in view, the year 2025 presents a bullish outlook for AirDAO. Moreover, the version 2 and version 3 provide more cutting-edge features to drive the platform’s broader adoption.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The first general debate of the 2024 US Presidential election concluded without a single mention of cryptocurrencies or Bitcoin. This silence, despite significant backing from crypto political action committees (PACs), sent shockwaves through the market.
As a result, politically themed (PolitiFi) meme coins took a substantial hit.
Coinbase Expresses Disappointment With the US Presidential DebateHeld in Atlanta, Georgia, the debate featured current President Joe Biden and former President Donald Trump. Moderated by CNN anchors Jake Tapper and Dana Bash, the 90-minute discussion spanned topics from the economy to foreign policy. However, it only briefly touched on economic issues and completely avoided technology policy, including the crypto sector.
Consequently, the crypto community, which had hoped for at least some acknowledgment from Trump, known for his crypto-friendly stance, was left disappointed.
After the debate, the total market capitalization of PolitiFi meme coins fell by 6.7%. Individual coins suffered even more; MAGA (TRUMP) dropped by 14.1% and MAGA Hat (MAGA) by 14.6%. Doland Tremp (TREMP) saw a decline of 15.3%, while Joe Biden-themed meme coin Jeo Boden (BODEN) plummeted by a staggering 32.5%.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
Top PolitiFi Meme Coins. Source: CoinGeckoCoinbase, a major player in the crypto exchange market, expressed its disappointment shortly after the debate.
“The first presidential debate has just ended, and crypto has not been mentioned. With 52 million Americans and 19% of Georgians owning crypto, it’s time to make sure it’s part of the conversation going forward,” Coinbase stated.
In light of the debate’s oversight, Coinbase is now focusing its efforts on its PAC, Stand With Crypto, which has received over $87 million in donations.
Moreover, Coinbase supports the Fairshake Super PAC, to which it contributed an additional $25 million in June. Collectively, Fairshake and its affiliates have raised over $177 million this election cycle, including $70 million spent in support of pro-crypto candidates.
Despite the debate’s lack of discussion on crypto, Trump’s actions suggest a strong alignment with the crypto community. This may significantly influence his political prospects.
According to the prediction market Polymarket, the odds of Trump winning the 2024 Presidential election have increased. It now stands at 63%.
Odds of US Presidential Election Winner. Source: PolymarketEarlier this month, Trump reiterated his support for the crypto industry during meetings with executives from crypto miners like CleanSpark and Riot Platforms. He emphasized the importance of Bitcoin mining in stabilizing the energy grid.
“We want all the remaining Bitcoin to be made in the USA. It will help us be energy-dominant,” Trump declared.
Furthermore, Trump’s active engagement with the crypto community has been notable. At a recent Libertarian Party convention, he promised to commute Ross Ulbricht’s sentence and announced his campaign’s acceptance of crypto donations.
Read more: Who Are Cameron and Tyler Winklevoss? A Profile on the Twins
This proactive stance was highlighted during a fundraiser that attracted prominent figures like the Winklevoss twins and raised $12 million to support his campaign against Joe Biden.
A recent assassination attempt on former United States President Donald Trump during an election rally in western Pennsylvania has sent shockwaves through both political and financial spheres. The incident, which occurred on Saturday, involved a bullet grazing the upper part of Trump’s right ear. Despite the violence, Trump, known for his pro-crypto stance had a positive ripple effect on the crypto market, while Politifi Tokens showcased strong momentum.
Following the news, the Bitcoin price saw a near 2% increase, surpassing the $60,000 threshold after a week-long slump. Concurrently, the global cryptocurrency market capitalization escalated by 3% to stabilize at $2.33 trillion, with a significant 24-hour trading volume of $61.2 billion.
Amidst this political turmoil, Politifi Tokens provide a fresh buying opportunity. Trump’s speech at the upcoming Bitcoin 2024 conference is now expected to have a more profound impact on the market.
Also Read: Will Donald Trump Attack Set the Stage for Next Bitcoin Bull Run?
Politifi Tokens- MAGA (TRUMP) The MAGA (TRUMP) cryptocurrency, also known as MAGA Memecoin, is a satirical token inspired by former U.S. President Donald Trump’s famous campaign slogan, “Make America Great Again.”
MAGA (TRUMP)| Tradingview Amid the recent market upswing, the TRUMP price correction bottomed at $5 and rebounded utilizing an ascending trendline in daily charts. The dynamic support intact since March 2024 prevents the asset from a major correction and provides suitable accumulation points.
The bullish turnaround uplifted the MAGA Coin to $9.37 registering an 87% growth, while the market cap stands at $458.1 Million.
The rising price recently breached the downsloping trendline signaling the end-of-correction trend. The post-breakout rally can bolster buyers to rechallenge the high of $17.8.
Also Read: How Trump Meme Coins Reacted With Donald Trump Joining Bitcoin Conference?
Doland Tremp (TREMP) Doland Tremp (TREMP) is a meme coin that playfully references former U.S. President Donald Trump. This cryptocurrency is unique as it operates within the Solana blockchain ecosystem, emphasizing both humor and satire in its branding and operations.
Doland Tremp (TREMP)| Tradingview Over the past four months, the TREMP coin has witnessed a steady uptrend under the influence of a rising channel pattern. In theory, the technical setup drives a series of higher high and low formations resonating within two trendlines offering dynamic resistance and support.
On July 8th, this memecoin rebounded from the lower trendline elevating its value 56% to trade at $0.49 currently, while the market cap surged to $47.7 Million.
If the pattern holds true, the TREMP coin rises 320% to hit the upper boundary of the channel around $2.
Also Read: Trump Vs Biden Election Outcome Unlikely To Deter Bipartisan Support For Crypto
Super Trump (STRUMP) Super Trump (STRUMP) is a cryptocurrency designed to honor the political legacy of Donald Trump, promoting principles such as limited government and free-market economics through a decentralized platform.
Super Trump (STRUMP)| Tradingview Amid the June market correction, the STRUMP price showcased a sharp downfall from $0.031 to $0.0079 registering a loss of 74.6%. However, the pullback developed a well-known bullish continuation pattern called a flag. This chart setup offers counter-trend moves for buyers to recuperate its bullish momentum.
In the last 48 hours, the Super Trump token is up 48% and trades at $0.0121, while the market cap jumped to $28.19 Million.
This bullish recovery pierced the flag pattern resistance providing buyers with suitable support to resume a bullish rally.
Key Takeaway Following the recent attack on former U.S. President Donald Trump, the cryptocurrency market has seen a noticeable surge. Bitcoin has successfully reclaimed the $60k mark, and the majority of major altcoins are continuing their relief rally. Amidst this upward trend, Politifi Tokens have gained significant momentum, showing double-digit gains in the last 24 hours and attracting momentum buyers to the market.
The Trump themed coins sector is witnessing notable fluctuations following Joe Biden’s announcement that he will not contest the 2024 presidential election. Biden has been under pressure from fellow Democrats to reject his nomination and pave the way for another leader to the party’s flag against former President Donald Trump in the elections scheduled for November.
These cryptocurrencies, named Super Trump, Maga, and Doland Trump, are experiencing diverse market dynamics; some are appreciating, while others remain subdued. The trend highlights the increasing influence of U.S. political developments on investment decisions in the crypto space.
1. Trump Themed Coins – Super Trump (STRUMP) Super Trump (STRUMP) introduces an innovative cryptocurrency honoring Donald Trump, the 45th President of the United States. This digital asset aligns with his ideals of minimal government and maximum market liberty. STRUMP’s blockchain manages a significant sum of 2.6 billion tokens, integrating political allegiance with financial technology.
The financial framework of STRUMP allocates portions of transaction fees to a wallet specifically for Donald Trump. Other revenues support liquidity, token burns, and marketing efforts. Moreover, the platform offers staking and farming options, enhancing user involvement.
STRUMP is priced at $0.01547, having risen by 24% following news of Biden dropping out in the 2024 elections. Although it saw a minor decline of 0.60% today, its market cap is valued at $28 million, ranking it #715 on CoinMarketCap. With a remarkable 19% increase over the last month, STRUMP shows a promising trajectory for growth, with a trading volume reaching $4.58 million in the past 24 hours.
STRUMP Price Chart| Source: TradingView The 4-hour technical indicators for the Super Trump show a bullish sentiment in recent trading sessions. The Chaikin Money Flow (CMF) indicator has remained positive, registering a value of 0.37.
The Awesome Oscillator (AO) displayed a value of 0.001824. The AO presents a green bar in the latest session, signaling an increase in market momentum and potentially pointing towards a positive price movement ahead.
2. Maga (MAGA) Maga (MAGA), a cryptocurrency associated with the MAGA movement, is currently valued at $6.85. In the past day, one of the key Trump themed coins has seen a decline of 4%. The cryptocurrency ranks 217th by CoinMarketCap, with a market capitalization of $300 million. Since its introduction, MAGA has surged impressively by 41,405%.
MAGA price chart In recent weeks, its value has varied significantly, ranging between $8 and $5. A noticeable decrease in price occurred this week. This downturn coincided with a significant event involving an assassination attempt related to Trump and Biden. As the U.S. election draws closer, such politically-themed digital currencies are attracting more attention.
3. Doland Tremp (TREMP) Doland Tremp (TREMP) is another one of the popular Trump Themed Coins hosted on the Solana blockchain. Since its inception, it has captured the attention and the political humor-based community. This coin, humorously echoing a former U.S. president’s name, has soared by 269% following notable political events.
Recently, Trump Themed recorded a 5% increase on the day. The token hovers at $0.453. The trading volume has surged to $17 million over the last 24 hours. Presently, Doland Tremp stands at the 2579th position on CoinMarketCap, with a market capitalization of $19 million.
TREMP price chart: Source| TradingView The Relative Strength Index (RSI) is currently at 52, indicating that the asset is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing a slight bearish momentum, with its histogram plotting just below the zero line, suggesting a potential slowdown in bullish activity.
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Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge.
RFK Jr. To Dropout Of The Presidential Race During this cycle, memecoins have been at the front of the industry, becoming the largest narrative of the first two quarters. Due to the sector’s nature, crypto investors have immortalized the current event through these tokens, including the upcoming November US presidential elections.
A candidate’s crypto stance has become a key factor for voters after the Biden administration’s crackdown on the industry. As a result, pro-crypto candidates have received significant support from the community.
Robert F. Kennedy Jr. was among the first to share his industry-friendly approach throughout his campaign, endorsing Bitcoin and blockchain technology. However, recent reports claim the Independent candidate will drop out of the race on Friday.
According to ABC News, sources close to Kennedy claim that the presidential candidate will endorse former US president Donald Trump after dropping out. Trump embraced the industry this year and later started accepting donations of different cryptocurrencies.
Per the report, “One possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday.” Sources familiar to both candidates cautioned that nothing is finalized and “Kennedy’s thinking could always change.”
Nonetheless, the news comes days after the Independent candidate revealed he would not endorse US VP and Democratic candidate Kamala Harris.
Trump Memecoins Take The PolitiFi Lead PolitiFi tokens surged 15.5% in the last 24 hours, with the price of memecoins inspired by the former US president taking the lead. As the rumors of RFK Jr. endorsement hit, online reports revealed the republican candidate’s chances of winning the election rose again.
According to Polymarket’s 2024 Presidential Election Forecast, Trump’s chances rose to 54% after the news, with a 7% lead against Kamala Harris’ chances. Following the news, the largest Trump-themed token, MAGA (TRUMP), saw a massive increase.
TRUMP’s price has taken a hit since the end of July when it was trading above the $6 mark. The memecoin retraced below the $3 support zone following the August market crashes, registering a 41.5% drop in the last 30 days.
However, TRUMP skyrocketed 55.6% toward the $4.14 mark on Thursday. As of this writing the token is trading at $3.7, a 40% increase in the last 24 hours. Other memecoins inspired by the former US president also saw a significant surge.
After the news, Doland Tremp (TREMP), Super Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively. Meanwhile, the KAMA and KEIDY memecoins registered a 30% and 57% price drop in the last 24 hours.
MAGA (TRUMP) performance in the three-day chart. Source: TRUMPUSDT on Tradingview Featured Image from Unsplash.com, Chart from TradingView.com
Following the second Donald Trump assassination attempt, the former president reassured his supporters that he was “safe and well.” The FBI responded to the incident at West Palm Beach, Florida, where Trump was enjoying golfing at the Trump International Golf Club. A suspect has already been arrested and is in custody.
The incident happens just two months after another assassination attempt on Trump’s life during a rally in Pennsylvania. Like the first time, Trump emerged strong, reassuring his supporters that “Nothing will slow me down. I will NEVER SURRENDER! I will always love you for supporting me.” So, how are PolitiFi tokens doing after this?
Second Donald Trump Assassination Impacts Crypto Tokens Following the incident, Trump-based crypto tokens dropped in price. Even after showing strength, the token price remained in the negative, signaling that maybe the assassination attempts are an omen to his presidential bid come November. Can MAGA, TRUMP, and TREMP recover, and when will they recover?
Maga Hat (MAGA) Maga Hat is the second largest Trump-based token by market cap. Trading at $0.00006116, MAGA price took a 7.2% hit in the aftermath of the new Donald Trump assassination attempt, bringing it to a total of 32.5% loss in the last 7 days.
Nevertheless, the MAGA price chart shows relatively strong support at around $0.046, which has held the price up before. MAGA has a current market cap of $25 million and is only up 73% from its all-time low price. This presents a potential opportunity for investors to jump while it’s around the bottom.
MAGA (TRUMP) MAGA, the largest Trump meme coin, has taken a 12.2% hit. The price is sitting at $2.12 down from an all-time high price of $17.07, almost 87% down. Nevertheless, the earliest investors are still 184X in profit.
The TRUMP price chart shows the asset may continue dropping to find support at $1.2 before attempting a bounce. Below that, MAGA could drop to $0.40-$0.70, where there is relatively a stronger resistance-turned-support.
Doland Tremp (TREMP) Doland Tremp, with a small market cap of $12 million, shows promise for recovery. This is the third largest Trump parody coin by market cap, and at the current price of $0.1231, it has dropped only 2.9% over the past 24 hours.
Additionally, the price is hovering around a zone of strong support, tested three times over the last one month.
Although all of the tokens have fair chances of recovery, TREMP price has the highest chance of recovering sooner. If it bounces from this level, it may find resistance around $0.20 before surging higher to $0.55 and finally $0.8.
Conclusion Donald Trump assassination has affected crypto prices today mainly because of his recent pro-crypto stance. A win for Trump in the upcoming elections would be a win for the crypto industry. Donald Trump remains unshaken as the planned launch of his new crypto project, World Liberty Financial (WLFI), remains as scheduled.
Trump-based politiFi tokens rallied ahead of the United States election with some posting gains over 120% in the past 24 hours.
MAGA Hat (MAGA), MAGA (TRUMP), Doland Tremp (TREMP), Super Trump (STRUMP), TrumpCoin (DJT) and other meme coins themed around former U.S. president Donald Trump saw significant gains as the overall market cap of PolitFi coins rose 5.4% bringing it to over $685 million in valuation.
Meanwhile, Kamabla (KAMABLA) was the only meme coin spun around Vice President Kamala Harris to see a positive day. KAMABLA surged 32.7% over the past day with an intra-day high and low of $0.00078 and $0.00049 respectively.
Political meme coins gained traction as the hype around these tokens peaked with the Presidential elections set for Nov. 5, an event expected to shape the future of the crypto sector in the U.S. and globally.
Trump tokens took the lead despite narrowing odds of the former President winning across prediction platforms. Polymarket data shows Trump’s chances of winning have dropped from 66.9% seen on Oct. 30 to 56% when writing.
Meanwhile, Harris saw her chances rise from 33.5% to 44% reflecting a shifting market sentiment, as investors leaned towards the idea of an unpredictable outcome based on historical inaccuracies of polls during past election years.
Earlier on Nov. 3, the majority of Trump-themed meme coins faced a downturn following some agitated remarks made by Trump during the republican candidate’s Milwaukee rally. However, most of the tokens have since recovered and offset the past day’s losses.
Yet, based on the recent price action of these tokens it seems investors remain slightly biased towards Trump’s chances of returning to the white house.
DJT was up 129.1%, placing it as the leading gainer while Pepe (TRUMP) saw gains of over 124.3% over the past day. Other popular meme coins MAGA, TRUMPCOIN, STRUMP, MAGA Pepe (MAPE) and TREMP posted gains of 58.4%, 46.5%, 36.9%, 28.2% and 14.3% respectively.
Source: CoinGecko Trump has widely been regarded as a crypto-friendly president in recent years. He has pledged to launch a Bitcoin reserve for the U.S. aimed to curb the $35 trillion U.S. debt over the years ahead. He has also committed to making the U.S. ‘crypto capital of the planet.’
Price rallies around these cryptocurrencies are primarily driven by the hype surrounding elections and other political events, leading traders to classify them as ‘event coins.’ Tokens themed around each candidate are likely to surge based on election outcomes but are expected to pull back once the initial excitement fades.
However, some experts suggest that if these tokens develop tangible utility, they could eventually shed their meme coin status and gain a more stable footing in the market.
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Just hours away from the US presidential elections, PolitiFi tokens have seen a remarkable boost. The sector has experienced a nearly 10% surge in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent performance, some investors forecast a massive rally for these tokens in the coming days.
Trump-Themed Memecoins See 30% Jump The PolitiFi sector gained popularity after several memecoins inspired by US politicians registered a massive performance earlier this year. Some tokens had their market capitalization break above the $100 million mark, with a couple still holding the feat.
Memecoins inspired by the former US President and Republican candidate Donald J. Trump have led the sector throughout his presidential campaign. The tokens recorded massive rallies this year, hitting their peak during Q2.
Cryptocurrencies like MAGA (TRUMP) and Doland Tremp (TREMP) hit the $17 and $1.5 marks, respectively, as their all-time high (ATH), fueled by Trump’s crypto-friendly statements. However, most of these cryptocurrencies have retraced significantly since June, pulling back over 70% in most cases.
Now that the elections are just hours away, the PolitiFi sector is soaring again, surging around 10% in the last 24 hours, while the crypto market sees a 1.5% retrace. Memecoins themed after Trump held their lead, registering green performance during the past day.
TRUMP has seen a 26% surge in the last 24 hours, trading above the $3.8 range. Meanwhile, MAGA Hat (MAGA) records a 32.6% price jump in the same timeframe, nearing a $90 million market cap earlier today.
MAGA’s daily trading activity has also increased nearly 30%, registering a $41.7 million trading volume on the last day.
PolitiFi Tokens In The Hands Of The Election The sector’s rally is seemingly fueled by the anticipation surrounding the elections. Notably, volatility is forecasted to peak in the following days as speculation about the election’s outcome increases.
Some investors believe the PolitiFi token’s rally will continue in the following days, with Trump-themed memecoins expected to skyrocket in case of Trump’s victory.
Just 10 hours before the election, the Republican candidate’s winning odds are considerably higher than the Democratic nominee, Kamala Harris. Polymarket’s live forecast shows that Trump leads the prediction market with a 15% gap.
Trump’s winning odds 10 hours before the presidential elections. Source: Polymarket Following the presidential debate, the former president lost ground to the US Vice President in early September. At the time, the Democratic nominee surpassed Trump’s winning odds by 4%. However, these have seen a significant retrace in the last month.
The Republican candidate regained his lead in October, recording a considerable 33% gap between his winning odds and Harris’. By the end of the month, Trump led the predictions market with a 66% chance of winning, which has now retraced to 57%.
Amid Trump’s winning odds, the memecoins inspired by the US VP have recorded a considerable decrease in the past day. Kamala Horris (KAMA), the largest Harris-inspired token, retraced nearly 25% in the last 24 hours, seeing a 34% decrease in daily trading activity.
TRUMP’s performance in the three-day chart. Source: TRUMPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
The cryptocurrency sphere introduces specialized tokens reflecting the ongoing US Presidential race. Notable among these are JEO BODEN (BODEN), Maga (MAGA), Super Trump (STRUMP), and Doland Tremp (TREMP). These coins are uniquely positioned altcoins to buy poised to capitalize on the current political fervor, offering promising investment avenues as the election draws near.
1. Altcoins to Buy – Jeo Boden (BODEN) Jeo Boden (BODEN), a cryptocurrency initiative built on the Solana meme coin, playfully alludes to President Biden with its vibrant, meme-centric approach. The coin’s website, which humorously employs Comic Sans, is awash with amusing memes, adding to its satirical charm.
Since its introduction, BODEN has seen a notable increase of 10%, fueled by the buzz surrounding the forthcoming U.S. Presidential elections and the growing popularity of meme tokens.
Jeo Boden price chart Jeo Boden value has risen by 5% in the past day, trading at $0.0349. Among the top Prime PolitiFi Altcoins recommended as the U.S. election approaches, it ranks 2570th on CoinMarketCap with a market cap of $23 million.
2. Maga (MAGA) Maga (MAGA), a cryptocurrency linked to the MAGA movement, currently holds the 218th position in global crypto rankings. It boasts a market capitalization of approximately $228 million. The trading landscape has fluctuated over the past week as investors adjust their strategies.
The trend for MAGA has recently turned bearish, although its price has exceeded $5. Currently, it is priced at $5.22, marking a 2% decline in the last 24 hours. Since its debut, MAGA price has skyrocketed by 31,405%, making it a prominent choice among politically-themed altcoins as the U.S. election approaches.
4. 5th Scape (5SCAPE) 5th scape offers innovations in both augmented reality (AR) and virtual reality (VR). Its goal is to completely rethink VR and AR technologies for optimal usability. 5thscape believes that everyone should have access to virtual reality, regardless of experience level. Its aim is to bring together the most intelligent people in the field. Furthermore, the company intends to produce AR gaming chairs and VR headsets. All of this will give 5th scape a monopoly on the market. The presale for 5th scape is almost complete. It has already raised $6,033,618. Its current price is $0.00327.
Buy Now
3. Super Trump (STRUMP) Super Trump (STRUMP), a cryptocurrency that aligns with former President Donald Trump’s ideals of minimal governmental oversight and strong economic liberty, has introduced itself into the market. This token, influenced by the 45th U.S. President, integrates political advocacy with technological innovation in blockchain.
STRUMP operates on a network with a massive supply of 2.6 billion coins. A portion of each transaction fee is allocated to a wallet dedicated to Donald Trump. The funds are also used for various purposes, including enhancing liquidity, burning tokens, and covering operational expenditures such as promotions and exchanges.
Offering a transaction volume of roughly $5 million over the last 24 hours and a market capitalization of $16 million, STRUMP currently trades at $0.009206, reflecting a 2% increase.
Positioned at number 819 on CoinMarketCap, the coin has experienced a staggering growth of 2546% over recent years. As the U.S. election approaches, STRUMP emerges as a leading political finance cryptocurrency, with potential forecasts suggesting further significant gains.
4. Doland Tremp (TREMP) Doland Tremp (TREMP), a cryptocurrency themed around political satire, is making waves on the Solana blockchain. This meme coin, often likened to the BODEN token, uses humor related to Donald Trump to engage its community. Recently, TREMP saw a dramatic surge of 258%, though it has since pulled back by 9% today.
TREMP price chart Currently, TREMP is trading at $0.4413, with a daily trading volume of $6.77 million. Despite today’s decline, its market capitalization stands strong at $43 million, placing it 2585th on CoinMarketCap. For those tracking meme coins, catching the next move of TREMP could yield significant returns.
Bottom Line As the election excitement builds, these politically themed cryptocurrencies might present lucrative opportunities. Each offers a unique take on the merging paths of politics and digital currency investments.
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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
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The political landscape in the US has seen a significant development after President Joe Biden announced he was dropping out of the presidential rally. Following the news, the PolitiFi memecoin sector saw a major shift as Biden-themed tokens immediately plunged and Kamala Harris-inspired tokens soared.
Crypto Community Celebrates Biden’s Candidature Withdrawal The November elections have been a hot topic for the crypto industry. After years of a hostile and “overreaching” regulatory approach from the US government, politicians’ stance on cryptocurrencies has become a turning point for many voters.
On Sunday afternoon, US President Joe Biden announced he was stepping down as a Presidential Candidate for the upcoming elections. Biden detailed that he decided to focus on fulfilling his duties as president for the remainder of his term.
In another post, he endorsed vice-president Kamala Harris as the candidate for the Democratic party:
“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats -It’s time to come together and beat Trump. Let’s do this.”
Following the announcement, industry figures like Artur Hayes and Justin Sun reacted online. The Tron founder replied to Biden’s X post, stating, “Goodbye Biden, crypto will last forever.”
Meanwhile, The BitMEX co-founder noted that Trump’s chances of winning would only increase if Harris is not the Democratic nominee. Hayes also said Trump will “smoke her like a Cuban” if she “actually becomes the nominee.”
The crypto community expressed mixed opinions, with some users sharing a bearish sentiment. Some believe that Trump’s chances of winning were clear against Biden but could significantly reduce depending on the Democratic nominee.
On the contrary, others seem to believe that Biden’s rejection of his nomination will be bullish for the crypto industry regardless of the nominee. Additionally, Polymarket reported that Republican candidate Donald Trump maintains a massive lead.
Presidential Election Winner prediction. Source: Polymarket on X Per the prediction market website, Trump has a 65% chance of winning the presidential election in November, with nearly $40 million bet in his favor.
A Change In PolitiFi Memecoin Leadership The PolitiFi memecoin sector saw a shakeout after the news. The price of Biden-inspired tokens started to drop immediately, with its leading token, Jeo Boden (BODEN), shredding nearly 60% of its price.
The memecoin went from trading at $0.025 to the $0.01 price range in half an hour. BODEN further plunged in the following hours, reaching the $0.0086 support zone. This performance represents a 65% and 73% decline in the last 24 hours and seven days.
The current price represents a 99.2% drop from its April all-time high (ATH) when it traded at $1.04. Additionally, the token saw a 66% market capitalization reduction since the announcement, going from $17.5 million to $5.99 million.
Nonetheless, Kamala Harris-inspired tokens surged in the last 24 hours. Kamala Horris (KAMA) was the largest gainer among PolitiFi tokens in the past day. KAMA went from hovering between the $0.011-$0.019 level to the $0.025 price range in two hours, soaring 150%.
The memecoin, launched in May, registers a 257% and 1,433% increase in the weekly and monthly timeframes. As of this writing, KAMA has retraced above the $0.015 mark, currently trading at $0.016.
Trump-inspired tokens also saw a significant upswing after Biden’s dropout. MAGA (TRUMP) rose 12% after the news, momentarily reaching the $7.75 resistance level. Meanwhile, MAGA Hat (MAGA), Super Trump (STRUMP), and Donald Tremp (TREMP) rose 13%, 33%, and 25%, respectively.
BODEN’s performance in the three-day chart. Source: BODENUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
PANews reported on April 21 that, according to Jinshi, US President Trump's Super PAC raised $35.6 million in March, bringing his campaign cash reserves to $550 million. According to a disclosure filing by MAGA Inc. with the Federal Election Commission, longtime Republican donor Diane Hendricks—who spoke at the 2024 Republican National Convention—contributed the majority, donating $25 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million. The California-based tribal organization Yocha Dehe Wintun Nation donated $2 million. A subsidiary of prison operator GEO Group Inc. (a federal contractor whose clients include Immigration and Customs Enforcement) donated $1 million.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Tucker Carlson’s on-air apology for misleading viewers into supporting Trump has unsettled his base, and the Polymarket contract on Trump publicly insulting Carlson by April 30 sits at 100% YES.
Carlson’s public expression of regret carries weight given his influence within the MAGA sphere. The market had already priced in a high likelihood before Carlson’s comments, but the latest remarks reinforce the probability. Trump has a well-documented pattern of responding to perceived disloyalty with public attacks.
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The situation points to potential rifts within Trump’s support network. Marjorie Taylor Greene has also shown signs of dissent. Trump’s history of public insults, often delivered via Truth Social or during rallies, suggests he might respond aggressively to Carlson’s contrition. Multiple sub-markets show the same certainty for a public insult by month-end.
The combined daily trading volume is currently at zero, meaning no new bets are being placed. Traders appear confident in their existing positions rather than actively trading on new developments. The absence of new trades also suggests that any movement in this market will come from direct actions or statements by Trump rather than speculative activity.
Carlson’s remarks could signal deeper problems for Trump as parts of the MAGA base grapple with contradictions posed by the ongoing US-Iran conflict, which some view as conflicting with “America First” principles. At 100% YES, a YES share pays out at 100¢, leaving no financial incentive for further speculation unless new developments change the picture.
Watch for direct responses from Trump, particularly on social media or at public events. His next public address or rally could be the catalyst, with any derogatory comments about Carlson likely cementing the current odds.
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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The White House has just lifted the veil: Donald Trump will indeed speak Saturday at the gala organized for holders of the TRUMP memecoin. An event as fascinating as it is controversial, mixing presidential power, crypto, and suspicions of conflicts of interest.
In brief The White House officially confirms Trump’s participation in the memecoin gala on April 25 at Mar-a-Lago. Only the 297 largest holders of the TRUMP token are invited, of which 29 enjoy private VIP access. Three Democratic senators denounce a possible ‘sale of access’ to the presidency. Trump at Mar-a-Lago, one speech, two agendas, a thousand questions It is now official. This Saturday April 25, 2026, Donald Trump will speak in front of a select group of investors gathered at his private residence in Mar-a-Lago, Florida.
Reuters confirmed Friday that the White House has approved his presence as the keynote speaker at the gala luncheon organized by the issuer of the official TRUMP memecoin.
Access to this event is anything but ordinary. Only the 297 largest holders of the TRUMP token in terms of accumulated rewards receive an invitation. Among them, the top 29 have an extra privilege: a private reception in the presence of the president himself. An ultra-closed circle, halfway between an investors’ club and a political lounge.
This is not the first event of its kind. A first dinner had already gathered token holders at a Trump golf club in May 2025, already triggering strong criticism. At the time, voices were raised condemning the use of the presidential office for personal enrichment. This time, the debate is back in full force.
It should be noted that a few weeks earlier, a White House official told Politico that Trump’s presence was not yet scheduled. The president had also announced his participation in the White House Correspondents’ Association dinner in Washington on the same day, a first since his return to power.
A token in free fall, a controversy on the rise Behind the displayed prestige, the numbers tell another story. The TRUMP memecoin trades today around $2.86, about 96% below its all-time high. The VIP entry price, once close to $3 million, has fallen to about $300,000, not out of generosity, but because the token itself has collapsed.
Yet, upon announcement of the event, the price jumped about 40%. A well-known Pavlovian reflex in the crypto ecosystem: the token rises at the announcement, then falls once the show is over. Experienced investors know: here timing matters more than conviction.
The market structure further weakens the prospects. More than 90% of the total supply is concentrated in a handful of wallets. A single massive sale can be enough to shake the price. The TRUMP token acts less like a classic investment and more like an access badge, a social marker for those who want to sit at the table of power.
This is precisely what Democratic senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff denounce. In a letter addressed to Bill Zanker, the event organizer, they point out a practice they consider unacceptable: using the presidency to encourage the purchase of an asset from which Trump and his family directly receive transaction fees. According to them, promising access to the president to sell a memecoin crosses a clear ethical line.
The Mar-a-Lago gala crystallizes everything that divides America about crypto and power: fascination, speculation, and mixed suspicions. While the TRUMP token wavers and senators question, one question remains: how far can access to the White House be monetized? The answer will shape the future of crypto regulation in the United States for a long time.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on April 29th, citing Forbes, that Eric Trump, the second son of Donald Trump, touted his Bitcoin company, American Bitcoin, as a "money-printing machine," but it was actually an arbitrage tool exploiting MAGA investor sentiment. The company attracted investors through exaggerated advertising, leveraging the premium of the Trump brand to issue shares at inflated valuations, cashing out and then using the proceeds to buy Bitcoin, while ordinary investors suffered heavy losses. Since its IPO in September, the company has sold approximately 158 million shares, cashing out about $351 million, and purchasing Bitcoin worth approximately $390 million. The company claimed mining costs of approximately $58,000, but the actual total cost, including equipment depreciation, was approximately $90,000, higher than the current Bitcoin price. The company faces risks through its mining equipment financing agreements; if the Bitcoin price does not rebound, all the Bitcoin it mines could be used to pay for equipment. The company actually has only two full-time employees, and its stock price has fallen 92% from its peak, with estimated investor losses of approximately $500 million. Eric Trump's personal wealth increased from approximately $190 million to $280 million.
In response, Eric Trump stated on the X platform that "Forbes has become a political weapon and a disgrace to journalism." He stated that American Bitcoin, founded just over a year ago and listed for 7 months and 25 days, currently holds over 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company globally, with nearly 90,000 mining rigs and a hashrate of 28 EH/s. In the fourth quarter, the company's Bitcoin holdings on its balance sheet increased by 58%, mining costs were discounted by 53% from market prices, and quarterly revenue reached $78.3 million, a 22% increase quarter-over-quarter. Eric Trump also urged readers to judge the source of information themselves.
Editor’s note: The story has been updated to include a response from Forbes.
American Bitcoin Corp. (NASDAQ:ABTC) co-founder Eric Trump lashed out on Tuesday at an article painting the firm as an “arbitrage play” targeting MAGA supporters.
Trump Brings Out The ‘China’ AngleIn an X post, Trump attributed the critical coverage to Forbes’ ownership by Hong Kong-based Integrated Whale Media Investments.
“Since being acquired by China, Forbes has become a political weapon and an embarrassment to journalism,” he said. “Educate yourselves as to the source of your information — in this case, China!”
Trump compared the current narrative to Forbes’ past reporting on his St. Jude Children’s Research Hospital fundraising, with some funds allegedly diverted to other charities linked to his family.
A Forbes spokesperson told Benzinga that they stand firmly behind their reporting. “It's not uncommon for subjects to challenge a story they don't like, but that does not change the accuracy of our work,” the media outlet said.
Trump Defends Firm’s Rising BTC HoldingsRegarding American Bitcoin, Trump highlighted the firm’s rise as the 16th largest corporate Bitcoin holder, with a 7,000 BTC treasury valued at $539 million.
“We have arguably climbed the ‘Top 100’ rankings faster than any company in the space and continue to aggressively mine and scale daily,” he said.
But Questions AriseTrump’s defense came in response to the report stating that the company burned $500 million in shareholder value since going public in September, while Trump’s personal wealth jumped from $190 million to $280 million.
The ABTC stock has tumbled 85% since its Wall Street debut. It's worth noting that despite the subpar performance, analysts have remained bullish on the stock. Roth Capital and H.C. Wainwright & Co. both initiated coverage of ABTC with a “Buy” rating and set a price target of $4.
Price Action: At the time of writing, BTC was exchanging hands at $76,556.90, down 0.09% over the last 24 hours, according to data from Benzinga Pro.
American Bitcoin shares surged 3.42% in overnight trading after closing 3.31% lower at $1.17 during Tuesday’s regular session. Year-to-date, the stock has collapsed 31.18%.
Benzinga’s Edge Stock Rankings show a weaker price trend in the medium- and long-term periods, but strong performance in the short term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
The downfall of Poland’s biggest digital asset trading platform is causing trouble for Donald Trump’s ally in the presidential palace.
Zondacrypto, which is registered in Estonia, said last month that it was on the brink of collapse after attracting $100 million in savings from Poles following the company’s massive marketing blitz. It has since stopped servicing client accounts and state prosecutors began investigating it for fraud.
