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Crypto

Trump family earned $2.3 billion from crypto businesses, investors also lost $2.3 billion

The Trump family has earned at least $2.3 billion from cryptocurrency businesses since U.S. President Donald Trump returned to the White House, while related investors incurred losses of a similar size, a report said. Reuters reported the family profited from ventures including World Liberty Financial, the TRUMP memecoin, American Bitcoin and AI Financial, formerly ALT5 Sigma. The family put in little personal capital, relying on brand licensing and token sales, while retail investors suffered steep losses as token and related stock prices plunged. The White House rejected conflict-of-interest claims.

Crypto

Coinbase, Cardless launch USDC-collateral credit card

Cardless, which has provided credit card services to Qatar Airways and Alibaba, has launched a stablecoin-collateral credit card with Coinbase. The product targets customers who hold digital assets on Coinbase and uses a portion of their USDC as collateral. Cardless co-founder Michael Spelfogel said applicants are mainly people building credit history or growing assets through cryptocurrency. The card has a $49.99 issuance fee, and users continue to earn interest on pledged USDC.

Crypto

Tether USDT dominance golden cross spotted, negative for bitcoin

A golden cross has appeared on the dominance chart for USDT, the dollar stablecoin issued by Tether, signalling a bullish turn in USDT’s market share, an analysis said. USDT dominance measures USDT’s portion of the total cryptocurrency market value. The signal suggests USDT’s share could rise in coming weeks as investors move funds from volatile assets to dollar-linked tokens, which is seen as unfavourable for bitcoin. USDT is the third-largest cryptocurrency by market value.