A trader bought 6,000 $TRUMP on April 21, two days before the announcement that top holders would be invited to dinner with the president. They sold it a few hours after the announcement two days later caused the token price to go up, earning $33k on the trade. Impressive timing!
crypto
Newsletter: Inside the Trump family’s sprawling crypto empire — from memecoins to mining — and how Trump is using presidential power to dismantle the regulators who could stop it.
Coinbase announces it's joining the S&P 500 and then announces a serious data breach two days later
oof
Newsletter: Crypto traders are spending millions of dollars on TRUMP memecoins to buy access to the president at an upcoming private dinner, exacerbating existing ethics concerns. 73% of the attendees are likely not American, only adding further concerns over foreign influence.
https://www.citationneeded.news/trump-memecoin-dinner-guests/
The GENIUS Act stablecoin bill has stalled in the Senate with key Democrats — including some of its early co-sponsors — voting against it. Democratic opposition increased after Trump’s World Liberty Financial cryptocurrency platform released its own stablecoin, allowing the president to profit from transactions including a $2 billion deal between the Emirati state-owned investment firm MGX and the Binance crypto platform.
Edited 60d ago
With 16 Democrats voting in favor, the GENIUS Act stablecoin bill has passed cloture in the Senate.
Alsobrooks (MD), Blunt Rochester (DE), Booker (NJ), Cortez Masto (NV), Fetterman (PA), Gallego (AZ), Gillibrand (NY), Hassan (NH), Heinrich (NM), Lujan (NM), Ossoff (GA), Padilla (CA), Rosen (NV), Schiff (CA), Slotkin (MI), Warner (VA).
Edited 48d ago
SCOOP: Trump to launch branded crypto wallet and trading application, encouraging his supporters to purchase his memecoin and other crypto assets.
Absolute chaos. After my scoop about the upcoming launch of a Trump Wallet by Magic Eden, in cooperation with the $TRUMP memecoin team, Magic Eden pushed out their announcement. Both Eric and Don Jr then repudiated the project, stating they had no prior knowledge.
I'm finally moving over to Radicle (https://radicle.xyz) instead of switching to another centralized code forge (like GitHub, GitLab, Codeberg, etc.). I definitely love the idea behind a #P2P code forge and I'm hopeful for Radicle's future, but I do have some reservations starting off:
1) Despite talking a lot about freedom and privacy in the tutorial, the group building Radicle (https://radworks.org/) is planning to sell hosting and make a profit via an Ethereum-based cryptocurrency (https://www.tally.xyz/gov/radworks) as well as NFTs and smart contracts. Some big Libertarian red flags there.
2) At some point there was a Swiss nonprofit "Radicle Foundation", but this now seems to be a for-profit venture (see https://radicle.xyz/history). I wish it could just be a nonprofit.
3) In the user guide chapter on private repos (https://radicle.xyz/guides/user), it says that I need to use a public DNS address trusted seed node to share the repo. I understand there's no DHT here, but I hope it's not too much of a pain to run this over my local network instead of the internet. (And yeah, I know I can use git locally, I just want to test Radicle locally.)
Overall, I think that if radworks turns out to be evil it will be a way easier transition to fork Radicle than it has been to leave GitHub, but I still wish I didn't have to worry.
#Programming #CodeForge #Radicle #GitHub #GitLab #Codeberg #FOSS #FreeSoftware #VersionControl #crypto #Cryptocurrency #NFT #DAO #SmartContract #Ethereum #Libertarian
Edited 33d ago
Adam Levitin on the GENIUS Act: “[I]n regard to cash deposits, the stablecoin investors will have priority over the claims of ma-and-pa for their bank deposits (and thus over the FDIC's subrogation claim when it pays ma-and-pa). Yes, you read that correctly: Congress is about to put the claims of stablecoin investors ahead of ma and pa's bank deposits. That's just stunning. Now ma-and-pa's deposits are FDIC insured, so they'll be alright, but it means the FDIC's Deposit Insurance Fund is footing the bill. In other words, the GENIUS Act is subsidizing stablecoin issuance on the back of bank deposits. By subordinating the FDIC's subrogation claim in a bank insolvency to the claims of stablecoin investors, the GENIUS Act is effectively letting FDIC insurance leak out to cover uninsured stablecoins, without any insurance premiums paid.”
I think this is a more or less up-to-date map of the businesses, LLCs, and people associated with the Trump family crypto projects.
Edited 32d ago
GENIUS Act (stablecoin bill) has passed the Senate.
Newsletter: As Trump’s web of crypto projects gets tangled up in itself, a regulator warns of “regulatory Jenga” in the crypto sector that echoes the 2008 financial crisis
Edited 28d ago
Just updated my diagram of Trump’s crypto entanglements based on his most recent financial disclosures 😵💫
Full-size image: https://storage.mollywhite.net/trump-family-crypto-projects.png
Disclosures: https://oge.app.box.com/s/k0hxcezgk7j1cyqoue16cillsi9srmfu
Quid pro quo between cryptocurrency firms, the Trump administration, and the Trump family’s crypto ventures.
Newsletter: Issue 86 – State power sponsored by Coinbase
Coinbase’s sponsorship of Trump’s military parade angered some in the crypto world, who described the move as “deeply disturbing” and “an insult to everything our industry stands for”. But this is only the latest example of crypto companies aligning with state power.
Earlier this month, the cryptocurrency firm Ripple made a $9.4 million contribution to the San Francisco Police Department to fund a surveillance center outfitted with drones. “We’re going to be covering the entire city with drones,” enthused a SFPD Captain about the donation.
i believe a thank you is in order for the sponsors of today's military action
Edited 15d ago
'Not going to tell you,' Bondi flips out & refuses to answer after being pressed by Sen Merkley.
On Trump's #crypto scheme, AG Bondi became angry & refused to answer Qs on whether foreign influence is affecting decisions being made by Trump.
"Many folks who attended this dinner were buying those claims bc they wanted to influence policy." He listed suspicious foreign characters at the dinner. “Don't you think the American people have a right to know?"
#Corruption #USPol
https://www.rawstory.com/pam-bondi-2672435040/
Edited 12d ago
Federal Housing Finance Agency Director William Pulte: “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage”
#crypto #cryptocurrency #USpol #US politics
This week's net.wars, "Revival", ponders the purported death of Bluesky and the company town potential of large companies exploring stablecoins: https://netwars.pelicancrossing.net/2025/06/27/revival/ #NetWars #SocialMedia #Crypto
Great, informative writeup of Cryptographic Gotchas: https://gotchas.salusa.dev/
Lots of fantastic references and links in there, too.
Newsletter: Trump’s crypto empire attracts more foreign millions, the FHFA pushes crypto on mortgage lenders, and Mamdani’s mayoral primary win makes billionaires sweat.