This weekend noticed important headlines in crypto, together with monetary disclosures tied to a high-profile political determine, a brand new decentralized trade announcement from a significant platform, and a legal case involving a social media dealer.
Listed here are the highest tales that stood out over the previous few days.
Trump’s Crypto Play Pays Off
Donald Trump reportedly earned greater than $57 million from his crypto initiative, World Liberty Monetary (WLFI), launched along with his sons earlier than reclaiming the presidency in 2024. Critics have labeled the earnings “open corruption,” pointing to the huge token gross sales that introduced in $550 million and drew tens of 1000’s of buyers.
The earnings have been disclosed in a 234-page monetary filing submitted to the Workplace of Authorities Ethics. Whereas the enterprise has confirmed extremely profitable, some argue it blurs the strains between public workplace and private achieve. Regardless of this, Trump’s largest moneymaker stays his golf enterprise, which generated $110 million in the identical interval.
Bybit Unveils ‘Byreal’
Bybit is getting into the decentralized finance area with Byreal, its upcoming Solana-based DEX, which is ready to launch a testnet on June 30 and a mainnet in Q3 2025. In a post on X, CEO Ben Zhou defined that the platform presents the very best of each worlds – centralized exchange-level liquidity and decentralized transparency.
This hybrid mannequin is meant to set Byreal aside from present DEXs like Uniswap, which at the moment leads the market with a 24% share and $4.93 billion in TVL, as per data compiled by DefiLlama. Byreal will function an on-chain extension of Bybit’s world trade.
Kidnapped Crypto Dealer Let Go When Funds Fall Quick
A disturbing incident in Northern France noticed a 26-year-old TikTok crypto influencer abducted Friday night time by 4 people demanding €50,000 in crypto (equal to $57,000). The attackers beat the influencer and compelled him right into a stolen automobile. Nevertheless, the scenario took an surprising flip when the sufferer, who has 40,000 TikTok followers, satisfied them he lacked the funds.
Upon seeing his crypto account, which was low on stability, the abductors launched him the subsequent day. Now below investigation by France’s Organized and Specialised Crime Division, the most recent case adds to the rising menace of bodily extortion schemes, dubbed “wrench assaults,” concentrating on retail crypto customers throughout the nation.
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