Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, a new Financial Times report claimed that the Trump family’s crypto ventures have generated over $1 billion in profit, and Paxos says it mistakenly minted 300 trillion PayPal stablecoins before it was quickly spotted and flagged by members of the crypto community, showing blockchain’s transparency.
US President Donald Trump’s second term in office has coincided with an extraordinary increase in his personal wealth, much of it linked to a sprawling cryptocurrency empire built by the president and his family.
According to a Financial Times investigation, Trump’s crypto ventures have generated more than $1 billion in pre-tax profit over the past year. Trump’s son, Eric, confirmed to the outlet that the family’s actual profits were “probably more.”
