Lookonchain APP

App Store
Feeds Articles

Surge in Trump's Crypto Wealth Sparks Controversy; White House Meets Industry Giants to Push for Regulatory Reform

2026.08.20 06:05:54

U.S. President Trump met with executives from crypto firms including Coinbase, Kraken, Ripple, and Chainlink at the White House on Wednesday, urging Congress to pass the CLARITY Act. However, the meeting also renewed outside scrutiny over Trump and his family’s massive wealth derived from the crypto industry. According to financial disclosure documents, Trump earned over $1.4 billion in 2025 from crypto-related businesses, including his personal token project, the family’s crypto venture World Liberty Financial (WLF), and stablecoin-related transactions. This income exceeds the total earnings from his traditional real estate and licensing businesses. During the White House meeting, Trump stated that the CLARITY Act would help the U.S. establish a clearer regulatory framework for digital assets and maintain its leadership in crypto innovation, calling the bill a "gateway to the next wave of innovation." However, while Trump advances crypto-friendly policies, his growing personal wealth has drawn scrutiny from Democratic lawmakers and some regulators. Critics argue there is a potential conflict of interest between the Trump family’s crypto business interests and the government’s rulemaking for the sector; the White House has denied the allegations, stating Trump’s policy goal is to position the U.S. as a global crypto hub. During the meeting, Trump also said U.S. regulators are working to bring decentralized perpetual contract trading platform Hyperliquid to the U.S. market in a "fully compliant" manner.

Source
Add to Favorites Download image Share x Copy link
Relevant content

Apple’s new smart home products are set to launch soon, driving AAPL’s US stock up roughly 1.3% in intraday trading.

Apple will hold a special "Welcome home" event on October 13 ET, with market expectations of new products including a smart home hub, the updated HomePod mini, and Apple TV. The AI-powered Siri is expected to be the core of its new smart home ecosystem push. A key focus of the upcoming new products is whether Apple can extend its AI capabilities from iPhones to home scenarios, driving the commercialization of its smart home devices and service ecosystem. Coupled with the positive cooperation signals from Tim Cook's visit to China, Apple's business stability in China and progress on its AI new products have become the market's focus. As of press time, AAPL stock was up approximately 1.3% in U.S. trading. According to TradingBeats monitoring, the AAPL perpetual contract on Hyperliquid is currently quoted at around $337.25, with a 24-hour trading volume of about $3.8 million and an open interest nominal value of roughly $33.9 million.

1 seconds ago

Federal Reserve interest rate hike expectations have hit the mortgage-backed securities market, and bank demand may weaken further.

Over the past three weeks, investors have pulled capital from US mortgage-backed bond funds at an historically unprecedented pace, with outflows ranking among the seven largest since early 2021. Driven by surging interest rates, investors are rushing to hedge against market volatility. The US Mortgage-Backed Securities (MBS) index posted its second-worst monthly performance on record in September. Earlier, US Treasury yields rose to multi-decade highs amid surging oil prices, intensifying inflation concerns, and market expectations of Federal Reserve rate hikes, triggering sell-offs in mortgage bonds. Mortgage-backed securities (MBS) are highly sensitive to sudden fluctuations in bond yields, as yields serve as the pricing benchmark for borrowing costs across the entire economy. When rates rise, homeowners typically refinance their mortgages less, leaving investors holding lower-yielding securities for longer than anticipated. Strategist Erica Adelberg noted: "The Federal Reserve’s tightening monetary policy and flattening yield curve may weaken demand from banks, a key buyer of MBS. On the positive side, as mortgage rates hit their highest level since 2023, refinancing and homebuying demand are being suppressed, which could slow growth in home prices and loan volumes. As a result, MBS supply is expected to decline by year-end." (Jin10)

1 seconds ago

Apple rose nearly 2% against the trend in early trading, approaching its all-time high.

According to market data from BIT (Bit.com), Apple stock rose nearly 2% against the trend at the start of trading, approaching its all-time high, and is currently trading at $341.30. On the news front, Apple previously announced it will hold a special "Welcome Home" themed event on Tuesday (October 13), where new smart home products are expected to be unveiled. This marks Apple’s latest update in the smart home sector since John Ternus was appointed as the company’s CEO last month. It is reported that the devices to be launched include the new-generation Apple TV 4K, HomePod mini, and a brand-new home hub device. While many industry insiders expect some upgrades to Apple TV and HomePod next week to only be modest performance improvements, the chip iteration will in fact bring unprecedented new capabilities to Apple’s smart home product line. Star tech analyst Dan Ives stated that Apple’s AI strategy could increase the company’s valuation by approximately $75 per share, as the firm is seeking to leverage AI to drive device upgrades and grow services revenue. Ives assigned Apple stock an "Outperform" rating with a $400 target price.

1 seconds ago

上市公司TROOPS拟以至少4000万美元全股票交易合并EFFORCE

Nasdaq-listed firm TROOPS announced a merger with blockchain energy efficiency platform EFFORCE, an all-stock deal with a minimum valuation of $40 million. EFFORCE was co-founded in 2020 by Apple co-founder Steve Wozniak and other partners; Wozniak will retain his EFFORCE shares post-merger. The transaction will integrate TROOPS’ financial services and technology operations with EFFORCE’s expertise in blockchain and sustainability. TROOPS plans to leverage the merger to expand its digital asset infrastructure and cryptocurrency trading business.

1 seconds ago

Quantofi partners with Crypto.com to launch an AI-powered crypto trading analysis platform, covering 215 crypto assets.

Irish fintech firm Quantmatix’s crypto analytics platform Quantofi has partnered with Crypto.com to launch an AI-powered cryptocurrency trading analytics platform, enabling users to access market analysis signals and execute trades directly via Crypto.com Exchange. The platform, which covers 215 crypto assets, officially launched globally for commercial use on October 10. Its core is Quantmatix’s proprietary Q Score engine, which tracks over 10,000 financial instruments across more than 50 countries and regions. For the crypto market, Quantofi analyzes price momentum across five timeframes: 1-hour, 4-hour, daily, weekly, and monthly. It also provides target prices, stop-loss levels, and expected value metrics for each trading signal to quantify potential returns and risks. According to announcements from both parties, Quantofi is a Gold Tier partner in Crypto.com’s broker ecosystem. Its analysis signals are integrated with Crypto.com Exchange’s liquidity and order matching systems, aiming to combine market research and trade execution into a single platform. However, Quantofi has not disclosed independently verified historical trading performance or signal return data, so whether these metrics can consistently work in real-world markets remains to be seen.

1 seconds ago

Ledger Wallet’s European supply chain is suspected of being compromised, with two devices found to have spyware implanted.

Crypto community member Johannes posted that two Ledger hardware wallets he bought from separate MediaMarkt locations in Europe were found to contain suspected spyware and hardware tampering—including extra cables and LTE modules—and urged Ledger to immediately recall the affected products. Johannes noted MediaMarkt staff confirmed the second device was not a returned item, adding that returned Ledger products are sent directly back to the manufacturer rather than being resold as new. Store records indicate the inventory in question came from supplier Aqipa GmbH. Since this firm runs distribution operations across Europe, Johannes suspects the issue may extend to a broader range of retail stock, though no evidence has yet confirmed that Ledger’s supply chain across Europe has been widely compromised. Johannes said he has submitted the first device to relevant personnel for analysis, plans to send the second to Ledger for investigation, and released an unboxing video as proof. He warned users that if purchasing devices from non-official Ledger channels, they should inspect for any irregularities. To date, these claims stem primarily from the user’s personal disclosure; the cause of the device compromise, scope of impact, and whether a supply chain attack is involved remain unconfirmed by relevant parties including Ledger.

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano