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The Trump Family Is Going All-In on Crypto Projects, From Bitcoin Mining to Stablecoins

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The Trump Family Is Going All-In on Crypto Projects, From Bitcoin Mining to Stablecoins

(Bloomberg) — President Donald Trump and his family have taken a interest in just about every corner of the crypto industry.

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There are nonfungible tokens and digital collectibles; a decentralized finance project; a proposed stablecoin; an effort at Bitcoin mining; and a pair of memecoins, one for the president and one for First Lady Melania Trump.

Taken together, the various projects are approaching $1 billion in paper gains even after accounting for the latest round of trade war-induced market gyrations, according to Bloomberg calculations based on publicly available data.

Donald Trump is already the richest person to have ever become US president, and his non-crypto holdings include significant investments in real estate. After his first election in 2016, Trump’s lawyers created a trust to handle his business affairs. That was managed by his two eldest sons and by Allen Weisselberg, the longtime chief financial officer of Trump’s real estate company.

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Eric Trump has emphasized that “there are no conflicts” related to the family’s crypto investments.

“I don’t work with the White House,” Eric Trump said during a Bloomberg TV interview in April. “We’ve believed in crypto for a long time.”

The president’s own public conversion to crypto is still relatively new. Trump called Bitcoin a “scam” as recently as 2021, telling Fox Business at the time that he didn’t like the token “because it’s another currency competing against the dollar” and that it should be regulated “very, very high.”

Trump’s relationship with the digital asset industry has evolved significantly since then. As a candidate, he courted and benefited from significant contributions to his reelection campaign from crypto executives and advocates.

In his second term, Trump has signed executive orders in support of his promise to make the US the crypto capital of the planet, installed David Sacks and Bo Hines to represent the interests of the industry, and continued to tout his memecoin with posts on Truth Social.

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“Trump and his family seem eager to establish a broad foothold in the sector prior to further regulatory actions that are likely to boost cryptoasset valuations,” said Eswar Prasad, professor of trade policy at Cornell University.

Here’s how the Trump crypto portfolio has evolved.

Nonfungible Tokens: Dec. 2022

Trump became a crypto convert after falling in love with his own digital collectibles, known as nonfungible tokens.

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Bill Zanker, a friend of Trump’s and the founder of adult-education company The Learning Annex, initially pitched him the idea. Since then, the Trump Trading Cards NFTs, which show him in a variety of poses and outfits (sometimes dressed as a superhero), have been spread out over four collections.

The president last year hosted dinners for fans who purchased his NFTs, which, according to financial disclosures, have brought in millions of dollars.

Decentralized Finance: Sept. 2024

The Trump family announced its crypto project World Liberty Financial ahead of the US election. Since its inception, the project has been buying up millions of dollars worth of other cryptocurrencies, including Ether and Tron, though has yet to offer promised DeFi services like lending crypto without any intermediaries.

A company affiliated with Trump receives 75% of net revenue as a fee, including the proceeds of token sales, according to offering documents. The Trump family owns 60% of the equity share of the World Liberty through their company DT Marks DeFi LLC.

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The company has raised $550 million in token sales after completing a second round last month.

Zach Witkoff, one of World Liberty’s co-founders, is the son of Steve Witkoff, who helped connect the president’s family to other World Liberty Financial’s participants. Since the platform’s token sale in October, observers have raised questions about its potential conflicts of interest for the Trump family, given the administration’s sway over regulations.

Trump’s sons, Donald Jr., Eric, and Barron, are all listed as “Web3 Advisors” to World Liberty Financial. The family actively promotes the project through social media and public appearances.

Memecoins: Jan. 2025

The day before Trump’s inauguration, he and his wife, Melania, launched their own memecoins, a highly speculative corner of crypto in which the asset doesn’t have much intrinsic value. After an initial surge, which likely generated more than $11.4 million in fees for entities linked to the president in January alone, prices have tanked.

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The foray was met with mixed reaction from the crypto industry, as many believed it hurt the push to appear more legitimate. Two Trump-linked entities — CIC Digital and Fight Fight Fight LLC — own 80% of the supply, a holding that will be unlocked over three years.

ETFs: Feb. 2025

Trump Media & Technology Group Corp. said in early February that it had applied to trademark brands for investment products with themes that track Trump’s priorities, including a “Truth.Fi Bitcoin Plus ETF.”

It has said it would work with Crypto.com to launch the ETF. The month before Trump’s election win, the SEC filed a notice that it intended to sue Crypto.com for operating an unregistered securities exchange. It closed its probe in March, according to the company.

Stablecoin: March 25

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World Liberty Financial announced plans to launch its own dollar-tracking stablecoin called USD1, which will be initially minted on the Ethereum and Binance Smart Chain blockchains. The token will be backed one-to-one by short-term US Treasuries, dollar deposits and other cash equivalents, according to World Liberty.

The move came just ahead of landmark stablecoin legislation that advanced through the House Financial Services Committee, with crypto companies pitching stablecoins as a way to make global financial transactions cheaper and faster.

Bitcoin Mining: March 31

The Trump family said it plans to launch a Bitcoin mining-focused venture with Hut 8 Corp. Bitcoin miners were early supporters of Trump’s reelection campaign. In June 2024, then-candidate Trump hosted several mining executives at Mar-a-Lago, telling them he’d be an advocate for them in the White House.

The Bitcoin mining sector in the US has morphed into a multibillion dollar industry.

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“Investing in crypto is no longer as simple as holding Bitcoin,” said Campbell Harvey, a professor of finance at Duke University. “There are many different crypto segments. Trump has a presence in lending, a future stablecoin, other cryptoassets, and now a mining operation.”

–With assistance from Annie Massa, Kyle Kim (News), Muyao Shen and Dave Liedtka.

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©2025 Bloomberg L.P.

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CoinMarketCap briefly hacked to drain crypto wallets via fake Web3 popup

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CoinMarketCap briefly hacked to drain crypto wallets via fake Web3 popup

CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.

On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.

The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.

“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.

“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”

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“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”

Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.

When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.

“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.

“Such attacks are hard to detect because they exploit trusted elements of a platform.”

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More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.

This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.

Screenshot of drainer panel shared on Telegram
Screenshot of drainer panel shared on Telegram
Source: Rey

As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.

Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.

Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.

The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.

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Meta Earth Network 2.0: Pioneering Web3 Innovation With Rewards and Global Events – Press release Bitcoin News

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Meta Earth Network 2.0: Pioneering Web3 Innovation With Rewards and Global Events – Press release Bitcoin News
In the rapidly evolving Web3 landscape, Meta Earth is carving a bold path with ME Network 2.0, a modular blockchain ecosystem designed to redefine decentralized economies. Launched on May 19, 2025, at block height 6,624,500, this upgrade marks the Odyssey phase, a pivotal moment of technical breakthroughs and community-driven growth. With a robust suite of technical advancements, generous Airdrop rewards, enhanced ME Pass 3.0 features, and a lineup of high-profile 2025 events, Meta Earth is inviting users worldwide to join its transformative journey. Here’s why ME Network 2.0 marks a pivotal shift—and what it means for those looking to participate.
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Cryptocurrency Live News & Updates : Bitcoin Dips Below 102,000 USDT – The Economic Times

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Cryptocurrency Live News & Updates : Bitcoin Dips Below 102,000 USDT – The Economic Times
22 Jun 2025 | 03:25:11 AM IST

Cryptocurrency News & Live Updates

Synopsis

Bitcoin’s price has fallen to 101,897.70 USDT, reflecting a daily decline of 1.34%.

In the latest market developments, Bitcoin has dropped below the 102,000 USDT mark, currently trading at 101,897.70 USDT, marking a 1.34% decrease. Ethereum is also experiencing a downturn, now priced at 2,269.88 USDT after a 6.16% drop in 24 hours. Similarly, BNB has fallen to 627.07 USDT, down 2.48%. Amidst these declines, HASHJ has launched an innovative AI-powered cloud mining platform that supports major cryptocurrencies including BTC, ETH, DOGE, and XRP. This platform aims to democratize access to crypto mining, allowing users to earn passive income without the need for expensive hardware or technical expertise. With a user-friendly model, HASHJ is attracting a diverse range of users, from students to salaried workers, by offering a seamless entry into the digital asset space. As traditional financial yields diminish, platforms like HASHJ are emerging as viable alternatives for wealth management, providing secure and flexible options for everyday users to engage with cryptocurrencies.

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03:25:04 AM IST, 22 Jun 2025

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Bitcoin Dips Below 102,000 USDT

Bitcoin’s price has fallen to 101,897.70 USDT, reflecting a daily decline of 1.34%.

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As of June 21, 2025, Ethereum’s price has dipped below 2,300 USDT, currently trading at 2,269.88 USDT, reflecting a 6.16% decrease in the last 24 hours.

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Bitcoin (BTC) Falls Below 102,000 USDT

As of June 21, 2025, Bitcoin has dipped below 102,000 USDT, currently trading at 101,558.90 USDT, reflecting a 1.78% decline over the last 24 hours.

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BNB Falls Below 630 USDT Amid Market Decline

As of June 21, 2025, BNB is trading at 627.07 USDT, reflecting a 2.48% decrease over the past 24 hours, according to Binance Market Data.

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HASHJ has launched an upgraded AI-driven cloud mining platform, allowing users to earn passive income in cryptocurrencies like BTC, ETH, DOGE, and more, all via smartphone.

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Bitcoin (BTC) Falls Below 103,000 USDT

As of June 21, 2025, Bitcoin has dipped below 103,000 USDT, trading at 102,999.9375 USDT, marking a 0.30% decrease over the past 24 hours.

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