Core Insights - Bitcoin has rebounded above $90,000 after a significant drop that erased nearly $1 billion in new leveraged bets, providing a brief respite from months of decline, although market sentiment remains fragile [1][4] - Bitcoin's price increased by 6.8% to $92,323, while Ethereum rose over 8% to above $3,000, with smaller tokens like Cardano, Solana, and Chainlink seeing gains exceeding 10% [1][4] - There are concerns regarding Bitcoin's valuation, as it has dropped approximately 16% over the past six months, leading to questions about its speculative nature [5] Market Sentiment - Despite the recent rebound, market participants are adopting conservative liquidity measures, reducing the likelihood of extreme negative outcomes [5][6] - Bitcoin funding rates have turned negative, indicating greater demand for short positions than long positions in the perpetual futures market, reflecting cautious sentiment [6] - The "Fear and Greed Index" from CoinMarketCap indicates "extreme fear," highlighting the cautious mindset of investors [7] Institutional Developments - Positive signs include comments from SEC Chairman Paul Atkins about plans to introduce "innovation exemptions" for digital asset companies, and Vanguard Group's announcement to allow trading of cryptocurrency ETFs and mutual funds on its platform [5] - Strategy Inc. announced a $1.4 billion reserve to ensure liquidity, following concerns about potential asset sales to cover debts [5] Related Tokens - Tokens associated with Donald Trump's family have also experienced significant declines, with the TRUMP meme coin dropping from a peak of approximately $73.40 to around $6 [6] - The WLFI token related to a decentralized finance platform has fallen about 30% from its September highs, while Melania Trump's meme coin has lost nearly all its value since its peak [6]

Star Projects of MEXC’s 0 Trading Fee Fest (Nov 13, 2025)!🏆 Top 3 Gainers:🏅 $MELANIA | @MELANIATRUMP🥈 $ZEC | @Zcash🥉 $KAS | @KaspaCurrencyNo trading fees, just pure gains! ...

Star Projects of MEXC’s 0 Trading Fee Fest (Nov 11, 2025)!🏆 Top 3 Gainers:🏅 $MELANIA | @MELANIATRUMP🥈 $UNI | @Uniswap🥉 $AERO | @aerodromefiNo trading fees, just pure gains! ...

https://t.co/SojZ6aLox8Lookonchain (@lookonchain):Legendary trader "LeBron" spent 102 $SOL($18.3K) to buy 2.9M $GHOST.LeBron previously made $8.9M on $MELANIA, $4.56M on $LIBRA, $3.2M on $TRUMP, and $1M on $HARRYBOLZ!https://t.co/n3CQXIYCTO https://t.co/82rlcGM5XE ...

Trader Activity - A trader known as "LeBron" invested 102 SOL, equivalent to $18.3 thousand, to acquire 2.9 million GHOST tokens [1] - "LeBron" previously realized significant profits from trading MELANIA ($8.9 million), LIBRA ($4.56 million), TRUMP ($3.2 million), and HARRYBOLZ ($1 million) [1]

https://t.co/SojZ6aLox8Lookonchain (@lookonchain):Legendary trader "LeBron" spent 102 $SOL($18.3K) to buy 2.9M $GHOST.LeBron previously made $8.9M on $MELANIA, $4.56M on $LIBRA, $3.2M on $TRUMP, and $1M on $HARRYBOLZ!https://t.co/n3CQXIYCTO https://t.co/82rlcGM5XE ...

Crypto Scams & Legal Issues - Meteora 创始人被指控运行 $LIBRA 和 $MELANIA 骗局，诉讼已免除 Melania Trump 和 Milei 的责任 [1] Meme Coin Market - 在前 20 名的 Meme 板块中，只有 MemeCore 和 FLOKI 保持上涨 [1] - SLERF 开发者完成传奇般的回归，在 19 个月后退还投资者 1000 万美元 [1]

Legal & Regulatory - A U S class-action lawsuit accuses Meteora founder Benjamin Chow of leading meme coin scams [1] - The lawsuit alleges Melania Trump and Argentine President Javier Milei were used as promotional fronts [1] - Chow allegedly coordinated at least 15 pump-and-dump tokens [1] - A judge has unfrozen $576 million USDC tied to the case [1] Cryptocurrency & Meme Coins - The meme coins involved are named "MELANIA" and "LIBRA" [1] - Kelsier Ventures and the Davis family are also implicated in the alleged scheme [1]

Core Viewpoint - A class action lawsuit has been filed against Meteora and its founder Benjamin Chow, alleging that they orchestrated a fraudulent scheme involving meme coins linked to public figures Melania Trump and Javier Milei, while absolving these figures of direct culpability [1][2]. Group 1: Allegations and Claims - The lawsuit claims that Chow and Meteora used the credibility of real-world figures to legitimize a coordinated liquidity trap, with the MELANIA and LIBRA tokens being central to the allegations [2]. - The MELANIA coin, promoted by Melania Trump, surged in value before crashing 99% as the team behind it sold off tokens [2]. - Similarly, the LIBRA token, endorsed by President Milei, experienced a rapid increase in value followed by a 90% drop, leading to Milei deleting his promotional posts [3]. Group 2: Evidence and Structure of the Alleged Fraud - On-chain analytics revealed a connection between the wallets used for launching the MELANIA and LIBRA tokens, supporting the claims in the class action lawsuit [3]. - The complaint asserts that Chow was the central figure in the fraudulent operation, which was distinct from Meteora's legitimate automated market maker business [3]. - Chow allegedly collaborated with a small group, including co-founder Ng Ming Yeow and the Davis family, to launch and market at least 15 tokens following a similar fraudulent blueprint [4].

Core Insights - U.S. President Donald Trump has reportedly built a crypto empire valued at over $1 billion through various family-run ventures, including memecoins, stablecoins, and tokenized finance [1][2] Group 1: Financial Performance - Trump and his family have earned over $1 billion in pre-tax profits from their digital asset ventures, which include memecoins, stablecoins, trading cards, and decentralized finance projects [2] - The family's memecoin projects, TRUMP and MELANIA, generated approximately $427 million in fees and trading profits [7] Group 2: Business Operations - The network of companies behind the Trump family's digital asset operations has rapidly expanded since his return to the presidency [2] - World Liberty Financial, co-founded by Trump's sons, operates the WLFI token and the USD1 stablecoin, with token-sale proceeds estimated above $2.7 billion [4] Group 3: Regulatory Environment - Trump's administration has been characterized as one of the most industry-friendly in U.S. history, with policies including the creation of a national Bitcoin reserve and relaxed enforcement at the SEC [3] - Following the resignation of Gary Gensler from the SEC, enforcement actions against major crypto donors were reportedly dropped or settled [6] Group 4: Family Involvement - Eric Trump indicated that the family's actual crypto profits might exceed the reported $1 billion [5] - DT Marks DeFi LLC, controlled by the Trump family, initially owned 75% of World Liberty Financial but later reduced its stake to 38% [5]