Here are the latest updates on Donald Trump's crypto news:
Trump's Crypto Portfolio
- *Value Drop*: Trump's crypto portfolio has plummeted by 90% since taking office, with his personal holdings dropping to $1.1 million from a peak of $15 million.
- *Memecoin Holdings*: Memecoins account for 70% of Trump's crypto portfolio, with his official memecoin losing $73 billion in market valuation since its all-time high.
- *Token Sale*: Trump's DeFi project, World Liberty Financial (WLFI), reached its fundraising goal of $30 million, with crypto entrepreneur Justin Sun injecting $30 million for an advisor spot ¹.
Trump's Crypto Stance
- *Pro-Crypto Shift*: Trump has reaffirmed his plan to make the US the "Crypto Capital," signaling a pro-crypto shift in his stance.
- *Support for Blockchain Innovation*: Trump has expressed support for blockchain innovation, potentially impacting the crypto market ².
Other Developments
- *Tariff Pause*: Trump's decision to pause tariffs led to a market rally, with cryptocurrencies like Ethereum and Solana surging.
- *Binance's US Comeback*: Binance is reportedly plotting a return to the US market, with executives meeting with US Treasury officials and courting Trump for help.
- *Regulatory Clarity*: Trump's policies may bring lasting regulatory clarity to the crypto industry, but critics remain skeptical ³.
