The Federal Reserve announced last week that it will give Kraken, a cryptocurrency exchange, a master account that allows the company to connect to the central bank’s Fedwire service, which was seen as the latest example of the U.S. government’s push to integrate these crypto exchanges into an ecosystem normally reserved for traditional banking institutions.
President Donald Trump and his family have made a new fortune in the crypto game and he is bringing Steve Witkoff’s adult son along for the ride, according to a report last week in The Wall Street Journal that went into great detail on how World Liberty Financial has been the key money-maker, and is generating “cash far faster than the president’s decades-old real-estate business.”
President Donald Trump’s $TRUMP memecoin, which was one selling for $75.35 a coin, has lost 94 percent of its value as of last week, according to a report last week in the Financial Times.
The Trump administration announced last week that it approved the applications from five crypto companies to start their own national banks, which was seen as President Donald Trump’s latest effort to help boost the crypto market and return the favor of campaign support by the sector.
The financial firm Cantor Fitzgerald is having its best year ever, raising new questions about grift in the Trump administration since Howard Lutnick’s sons are running the company.
Stablecoins vs CBDCs. Crypto innovation vs. suppression. Stakes not only in the financial sector, but touching every sector including AI and the future of the internet itself.
The New York Stock Exchange (NYSE) announced that it will invest up to $2 billion in Polymarket—a crypto-based prediction market that includes Donald Trump Jr. on its advisory board after an investment from his fund, 1789 Capital.
Donald Trump Jr., President Donald Trump’s son, told a crypto conference in Singapore that stablecoins will eventually be the main catalyst in preserving “dollar hegemony” around the world.
President Donald Trump billed himself as the country’s first pro-crypto leader, and his sons are reaping the benefits—this time with a bitcoin mining company that was just listed on the Nasdaq Stock Market last week that saw its shares pop by about 17 percent—after jumping by as high as 110 percent on the day.
U.S. President Donald Trump’s little boys, Don Jr. and Eric, are moving fast to cash in on their father’s influence in cryptos and have been trying to come up with a few acquisitions in Asia so they can create a BTC reserve like Michael Saylor’s Strategy.