#TradeOfTheWeek Crypto Chaos: Scams, Trump’s Billions, and Market Swings – The Latest NewsHey there! The crypto world’s been buzzing with action, and I’ve got the freshest scoop on what’s going down. From jaw-dropping scams to political drama and market twists, here’s the latest in crypto news, written like I’m chatting with a friend.First up, Coinbase users are in the crosshairs of some seriously crafty scammers. Onchain detective ZachXBT reports that $45 million was swiped from Coinbase accounts in just the past week through slick social engineering tricks. These scams are getting smarter, and Coinbase is taking the brunt of it compared to other exchanges. The FBI’s been sounding alarms about fraudsters posing as exchange reps to steal funds and data, so if you’re on Coinbase, keep your guard up!On the political stage, President Trump’s$TRUMP crypto empire is raising eyebrows. A new report claims the Trump family’s net worth has skyrocketed by $2.9 billion, thanks to their crypto ventures, especially their decentralized exchange, World Liberty Financial. But Senate Democrats aren’t having it—they’re calling for probes, worried the Trumps are mixing political clout with profit. This drama’s even stalling a key stablecoin bill in Congress. Talk about a high-stakes showdown!Market-wise, it’s been a bit of a wild ride. Bitcoin’s chilling around $94,000, but altcoins like Ethereum$ETH , XRP$XRP , and Solana are dipping as traders eye the U.S. Federal Reserve’s next interest rate move. The crypto market cap’s at $2.94 trillion, down a touch, with trading volume slowing. Bitcoin’s dominance is creeping higher, hinting at a cautious vibe. Ethereum’s Pectra upgrade just dropped, but it’s not boosting ETH’s price much—some say it’s lagging behind
competitors like Solana.On the flip side, crypto investment products are still hot. Crypto ETPs pulled in $2 billion last week, bringing the three-week haul to $5.5 billion. Bitcoin’s leading the pack, with big players like BlackRock cashing in. It’s proof that institutional money’s still pouring into crypto, despite the ups and downs.And for some corporate flexes: Japan’s Metaplanet just grabbed another 555 BTC, hitting a total of 5,555 Bitcoin—over $536 million worth. They’re planning to raise $250 million more to keep buying. Plus, Kraken’s latest Proof of Reserves report shows they’re fully backing client assets, including BTC, ETH, and now Cardano (ADA). Gotta love that transparency!That’s the crypto rundown for now—scams, political fireworks, market shifts, and big institutional moves. Stay sharp out there, and hit me up if you want to dive deeper into any of this!
