Trump Family’s Crypto Empire Surpasses $1 Billion

President Donald Trump’s second term has coincided with a staggering surge in his family’s crypto-linked fortune, exceeding $1 billion in profit. According to the Financial Times, the wealth stems from token ventures, stablecoins, and memecoins tied to the Trumps’ expanding digital empire.

At the center is World Liberty Financial, a company founded by Trump’s sons and key political allies that has sold billions in crypto tokens. Trump disclosed $57.4 million in personal income from the venture, while the family’s stake soared to $5 billion following a June token unlock.

The family also launched viral memecoins like Official Trump and Melania Meme, which collectively generated more than $400 million in trading profits. The TRUMP coin alone brought $362 million in net gains, though it has plunged over 90% from its peak price.

World Liberty’s USD1 stablecoin, now the fifth largest globally with a $2.68 billion market cap, added another $42 million in realized gains. Trump’s media and Bitcoin treasury arm, Trump Media & Technology Group, is now valued near an estimated $1.9 billion, according to the FT report.

BlackRock Launches GENIUS-Compliant Stablecoin Fund

BlackRock introduced a revamped money market fund tailored to stablecoin issuers seeking compliance under the new US GENIUS Act. The Select Treasury Based Liquidity Fund prioritizes high-quality Treasury assets and offers a simplified framework for regulated token issuers. The fund’s structure positions BlackRock to manage stablecoin reserves as the market expands toward institutional adoption.

The initiative aligns with BlackRock’s growing onchain finance strategy, including tokenized liquidity products and digital-asset ETFs. Analysts said the move reflects growing demand for compliant cash vehicles amid projected multi-trillion-dollar stablecoin issuance. Industry experts view tokenization and regulated reserves as key pillars shaping financial modernization in the coming decade.

Coinbase Adds Binance's BNB Token to Listing Roadmap

Coinbase announced plans to list BNB, signaling its first support for a token tied to rival exchange Binance. The asset appeared on Coinbase’s listing roadmap following industry debate over listing fairness and transparency and costs in token listings. Executives said the process will open once market infrastructure and liquidity safeguards are established.

The announcement followed Binance’s defense against allegations of extracting token allocations for listings, claims linked to a Coinbase-backed founder. Coinbase emphasized transparency by unveiling new issuer tools under its “Blue Carpet” initiative. Analysts said the listing underscores growing convergence between competing platforms despite ongoing scrutiny over exchange ethics.

Ocean-FetchAI Dispute Triggers Legal Threats

A conflict between FetchAI founder Humayun Sheikh and Ocean Protocol escalated into legal threats over alleged unauthorized token transfers. Sheikh accused Ocean of minting and converting tokens prior to the Artificial Superintelligence Alliance merger, claiming improper disclosure and fund movement. The disputed 286 million FET tokens, valued at near $84 million, have drawn widespread onchain attention.

Ocean denied the allegations, calling them baseless and asserting full transparency in treasury management. Binance temporarily restricted Ocean deposits amid heightened scrutiny of related Ethereum addresses. Legal filings are reportedly in preparation as both AI crypto projects attempt to resolve governance and asset control disputes under alliance arbitration.

Data of the Day

Stablecoin issuer Paxos confirmed it mistakenly minted 300 trillion PayPal USD tokens due to a technical malfunction. The error originated from a hot wallet transaction to PayPal’s smart contract before being swiftly identified and reversed. Paxos said all excess tokens were burned, customer balances remained unaffected, and internal systems were fully restored.

Etherscan data verified the event’s brief impact, which momentarily unsettled DeFi protocols and caused a minor deviation from PYUSD’s peg. Analysts said automated minting systems must include stronger circuit breakers to prevent systemic disruptions. The stablecoin’s market capitalization now sits near $2.6 billion, maintaining its position among top global issuers.

More Breaking News

• Polymarket launched up/down equity markets in its new Finance hub, letting global users bet on stock direction using WSJ and Nasdaq benchmarks.
• Ripple is acquiring treasury software provider GTreasury for $1 billion, integrating advanced corporate cash management tools into its expanding blockchain platform.
• Babylon Labs unveiled a “trustless” Bitcoin vault system leveraging BitVM technology to enable native BTC collateralization on Ethereum without conventional wrapping.
• OKX expanded its long-standing Standard Chartered custody partnership into Europe, allowing institutional traders to operate while securely keeping assets off exchange.
• Jito raised $50 million from a16z crypto to expand validator technology, liquid staking derivatives, and developer infrastructure globally.
• Australia plans to grant AUSTRAC increased authority to restrict or prohibit crypto ATMs amid growing government concerns over money laundering risks.
• Kraken purchased US-regulated derivatives platform Small Exchange for $100 million, gaining essential CFTC clearance to launch futures trading domestically soon.
• BitMine added $417 million worth of Ethereum to its corporate ETH treasury during the recent market dip, reinforcing its goal to hold 5% supply.
• Square enabled its very first Bitcoin point-of-sale payment at Compass Coffee, completing every Lightning transaction instantly during DC Fintech Week.

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