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Crypto

Eric Trump denies new coin rumour as Trump meme coin jumps

Eric Trump denied rumours that a new cryptocurrency linked to President Donald Trump would soon be launched, as speculation spread on X. Posts claimed a new coin was imminent and pointed to unidentified contract activity on the Robinhood chain, but provided no official announcement, token ticker or contract address. During the rumour, TRUMP rose 37.9 percent to $2.47 and MELANIA gained 18.4 percent to $0.1112, though both fell from 24-hour highs.

Crypto

Trump family-backed World Liberty linked to Hong Kong AI platform offering sanctioned Chinese models, supports USD1 payments

World Liberty Financial, a crypto firm backed by U.S. President Donald Trump, has been linked to a Hong Kong AI platform that offers models from Chinese developers the U.S. government flags as security risks, stirring controversy. The platform supports payments in USD1, a dollar-pegged stablecoin issued by World Liberty. Critics say wider USD1 use could boost the firm and benefit the Trump family, while others cite security and data risks.

Crypto

UBS expands bitcoin spot ETF investment, buys 2.5 million shares of BlackRock\'s IBIT

UBS has expanded its bitcoin exposure by buying additional shares in BlackRock\'s spot bitcoin exchange-traded fund, according to a U.S. regulatory filing. The Swiss bank increased its holdings of BlackRock\'s iShares Bitcoin Trust, or IBIT, to about 2.5 million shares worth around $83 million. UBS also allocates funds to other bitcoin-related ETFs and premium income products, bringing its total crypto ETF holdings to about $90 million.