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Trump family has made over $4B in crypto since Election Day
MSNBC· 2025-08-14 16:50
Crypto Venture Overview - The Trump family's crypto venture, USD1, has generated significant wealth since the election [2] - USD1 is a stable coin pegged against the US dollar, aiming to compete with established stable coins like Tether and Circle [3][4] Financial Mechanics - Users exchange 1 US dollar for 1 USD1 token with World Liberty [5] - World Liberty invests the collected funds in reserves, primarily US government treasuries [5][6] - World Liberty has accumulated approximately $2.2 billion in reserves to underpin USD1 [6] - At current interest rates, these reserves could generate around $80 million in annual interest [6] Key Players and Transactions - Binance holds the majority (approximately $2 billion) of the total USD1 in circulation [7][8] - A UAE fund, MGX, made a $2 billion investment into Binance paid in USD1, significantly boosting its circulation [7][10] - Binance is reportedly enabling substantial trading in USD1, potentially inflating the perceived demand for the token [7][8] Potential Conflicts of Interest - Binance's founder, Changpang Zhao (CZ), is seeking a pardon from President Trump [11][12] - Simultaneously, Binance has been assisting World Liberty Financial in growing its crypto business [12] - Binance previously paid a $4.3 billion fine for anti-money laundering violations [11]
X @Decrypt
Decrypt· 2025-08-14 16:50
U.S. Treasury Secretary @SecScottBessent spoiled the dreams of Bitcoiners worldwide Thursday, stating outright that the federal government will not be purchasing additional Bitcoin to supplement its existing supply of the cryptocurrency. https://t.co/Jz21qfMy4n ...
X @Crypto Rover
Crypto Rover· 2025-08-14 15:23
I’m watching $SLOFF here. Looks solid.It could be powerful soon.CA:C1C7RZ33b4r92HQQz19NJZaoo4xgHYuDJuz2jK6Epumphttps://t.co/DQhCDrJdQT https://t.co/PZA9HyHYFC ...
X @Bloomberg
Bloomberg· 2025-08-14 12:48
Goldman, Fannie and crypto hear from the First Family. Also this week: Hong Kong’s deal bonanza. https://t.co/7Cl4QhlOqn ...
X @Messari
Messari· 2025-08-14 09:39
RT Messari (@MessariCrypto)Introducing: Messari SignalsLost in Crypto Twitter's endless scroll?Now you can track, measure, and understand the conversation, all from a single dashboard.🧵/ https://t.co/rE284XfjFR ...
X @HTX
HTX· 2025-08-14 04:21
Promotion Overview - HTX is launching Crypto Predictor 4, a campaign focused on predicting the prices of $BTC and $ETH [1] - Participants have the opportunity to share a $50,000 prize pool and win an $888 bonus [1] - All participants receive a $1,200 BTC futures position for free [1] Reward Mechanism - Users can double their futures volume to increase their rewards [1] Call to Action - The promotion encourages users to join via a provided link [1]
X @AscendEX
AscendEX· 2025-08-14 03:00
⏳It's the last day to join the #AscendEX Crypto Crossword ChallengeDon't miss out on a chance to win $300 in tokens👇AscendEX (@AscendEX_):🎉 #AscendEX August Crypto Crossword Challenge! 🔍Solve 6 new token clues & find the hidden word to win $300 in tokens!📅 8/07 - 8/14✨ How to play:1️⃣ Follow @AscendEX_2️⃣ Comment your hidden word answer3️⃣ Tag 3 friends, like & RT #AscendEX #CryptoCrossword4️⃣ Submit form: https://t.co/sOAoFIW7fz ...