Japanese digital bank Minna is pioneering the integration of stablecoins and Web3 wallets to enhance real-world payment solutions, signaling a significant shift in Japan’s financial landscape. The collaboration with Fireblocks,
The post 26,000 New Bitcoin Millionaires in 2025, But Why Is Trump Losing Money? appeared first on Coinpedia Fintech News More than 26,000 new Bitcoin millionaires were added in the first half of 2025. But while the crypto market pushed many into the millionaire club, President Donald Trump saw his personal crypto portfolio take a massive hit – dropping over 78% in just six months. Yes, we have the same question. How is that possible? Here’s a deep dive. Bitcoin’s Bull Run Creates 26,000+ Millionaires According to data from Finbold, 26,758 Bitcoin wallets crossed the $1 million mark between January and June this year. That brings the total number of Bitcoin millionaires to 182,327 as of June 30. Over 26,000 new Bitcoin millionaires added in first half of 2025 https://t.co/xZ5MUtFukM $BTC — Finbold (@finbold) July 2, 2025 A strong second quarter and Bitcoin’s halving in April played a major role in this spike. The halving reduced block rewards from 6.25 to 3.125 BTC, pushing supply pressure and sending Bitcoin prices soaring. On May 22, Bitcoin hit a high of $111,970, creating a wave of fresh wealth for long-term holders and institutional investors who bought during the dips. Trump’s Portfolio Drops While Bitcoin was climbing, President Trump’s crypto portfolio went the other way. He started the year with around $10.16 million in crypto assets. By the end of June, that figure had dropped to just $2.20 million – a loss of over 78%. Ouch. Most of the damage happened in the first quarter, with his holdings falling to $1.96 million by March. A minor recovery added back around $240,000 in Q2. But overall, the decline was sharp. A tweet by John Morgan summed it up: “Donald Trump’s crypto portfolio loses 78% of value in first half of 2025.” The biggest holding in Trump’s wallet was the meme coin TROG, worth over $800,000. Other tokens included MAGA (TRUMP), MATIC, and USDC – all considered riskier bets, especially in a market that’s shifting toward fundamentals. WLFI, Linked to Trump’s Family, Sees 115% Growth In contrast, World Liberty Financial (WLFI), a DeFi platform backed by Trump’s family, has been on the rise. The platform’s value grew from $72.82 million to $178.15 million in the same six-month period, marking a gain of over 115%. WLFI’s performance was supported by institutional interest and momentum from U.S. spot Bitcoin ETF approvals earlier this year. Unlike Trump’s personal portfolio, WLFI appears to follow a more structured investment strategy, and it’s paying off. Hmm, interesting. New Crypto Law Could Tighten the Rules On June 23, Senator Adam Schiff introduced the COIN Act, which aims to stop government officials and their families from profiting off crypto investments. The bill would also make it mandatory for them to disclose all digital assets in their financial filings. If passed, this law could directly impact Trump and his family’s involvement in WLFI – adding regulatory pressure to the financial setback. The bill has been co-sponsored by nine Senate Democrats, which means it’s gaining the kind of momentum it needs. Strategy Over Hype The first half of 2025 has made one thing clear: structured crypto strategies are winning, while speculative meme coin plays are getting wiped out. As Bitcoin continues to mature and regulation tightens, investors, even high-profile ones, may need to rethink how they play the game.
Ethereum faces persistent resistance near $2,516.7, yet strong ETF inflows and a robust market cap to TVL ratio underscore its pivotal role in DeFi. Despite repeated price rejections, Ethereum maintains
Two historical Bitcoin wallets moved $2.18 billion after 14 years of inactivity. The transfers caused speculation about market impacts and future intentions. Continue Reading: Whales Move 14-Year-Old Bitcoins in a Massive Transfer The post Whales Move 14-Year-Old Bitcoins in a Massive Transfer appeared first on COINTURK NEWS .
FTX bankruptcy proceedings reveal significant recovery restrictions for users across 49 jurisdictions, with Chinese claimants facing the most severe limitations. Over 82% of the affected claims originate from China, underscoring
Bitcoin (BTC) recorded slight losses following the release of the US June employment report, which showed unemployment falling to 4.1%, compared to the consensus forecast of 4.3%. The drop in the unemployment rate is likely to prompt the US Federal Reserve (Fed) to keep interest rates unchanged, a scenario that could weigh on risk-on assets, including cryptocurrencies. Strong Employment Data May Hurt Bitcoin The lower-than-expected unemployment rate complicates the Federal Reserve’s policy decisions. This comes amid ongoing pressure from US President Donald Trump to implement rate cuts quickly. The robust labor market data, released today, highlights continued strength in the US economy, reducing the likelihood of an imminent rate cut. Notably, nonfarm payrolls (NFP) rose by 147,000 in June, significantly surpassing analysts’ expectations of 118,000 new jobs. With the unemployment rate falling to its lowest level since February 2025 and NFP growth exceeding forecasts, the Fed is likely to maintain elevated interest rates for longer to ensure inflation continues to trend downward. Data from the Chicago Mercantile Exchange (CME) FedWatch Tool now shows a 95.3% probability that the Fed will hold rates steady at its July 30 meeting. This is substantially up from 75% before the jobs report. In a CryptoQuant Quicktake post, contributor Amr Taha noted that a strong job market could hurt Bitcoin in the near term. He explained: A resilient jobs market supports a stronger US dollar, since expectations for a delayed or reduced pace of interest rate cuts make the greenback more attractive relative to other currencies. Historically, strong NFP readings and hawkish Fed expectations tend to pressure risk assets, including Bitcoin. Binance Sees Aggressive BTC Buying Activity Meanwhile, Taha also highlighted a sharp spike in Binance’s Net Taker Volume just before the release of the employment data. The metric surpassed $100 million, signaling a surge in aggressive buying activity. The jump in Net Taker Volume on Binance reflects strong bullish sentiment among Bitcoin investors and traders. For context, Net Taker Volume measures the difference between aggressive buy and sell orders on an exchange, indicating which side – buyers or sellers – is dominating market activity. Some analysts believe Bitcoin could see more upside due to its sustained positive price momentum in recent weeks. For example, BTC’s weekly Relative Strength Index (RSI) continues to move toward its upper trendline, a pattern that has historically preceded new all-time highs (ATHs). That said, not everyone shares the bullish view. In a recent post on X, veteran crypto analyst Ali Martinez warned that Bitcoin has flashed a rare bearish signal that could push the price down to $40,000. At press time, BTC trades at $109,114, up 0.6% in the past 24 hours.
A 40% decrease in coins flowing to exchanges, according to the flow multiple, showed decreased short-term inflows and implied exhausted sellers.
The US Securities and Excha nge Comm ission’s (SEC) Crypto T ask Force met with representatives from the Securities Indus try and Financial Markets Association (SIFMA), a prominent trade group representing financial firms. According to an SEC memo , the meeting focused on pressing regulatory concerns in cryptocurrency, specifically overseeing digital asset issuance, tokenized securities, and emerging digital financial products. Ahead of the meeting, SIFMA circulated an agenda emphasizing the need for uniform regulatory standards to govern the fast-growing digital asset ecosystem. The group also advocated for “appropriately updated” regulations that reflect rapid technological advancements. As one example, SIFMA proposed expanding current disclosure requirements to include new types of securities, particularly innovative financial products built on digital asset infrastructure. SIFMA recommends a holistic approach in legislation on digital assets SIFMA recommended that the SEC separate certain functions for digital commodities and tokenized securities . For instance, exchange, broker-dealer, trading, and custody are kept separate while fostering competition and cooperation among service providers. At the same time, it said that restrictions should be placed on direct involvement in trading digital securities and commodities. The industry trade group noted that an open, transparent new framework for issuing and trading digital securities must be created with a cautious approach to constructing the “foundational” definition of securities and digital commodities. SIFMA also recommended that legislation on digital assets adopt a holistic approach, including technology-focused improvements to legal documents and cross-border applicability. Based on SIFMA’s argument, rulemaking must consider transitional and hybrid arrangements. It then pointed out that there was increasing interest among traditional finance companies in incorporating digital assets into their offerings. It is worth noting that the industry trade group represents hundreds of firms that offer financial services. This includes broker-dealers, investment banks, and asset management companies. According to SIFMA’s website , broker-dealer members account for approximately 80% of financial advisors managing $13 trillion in client assets and 90% of market share in the US in terms of revenue. SIFMA urges the SEC to deny the firm’s “no action or exemptions” request This week’s trade association asked the SEC not to permit digital asset firms to offer tokens with equity features via tailored exemptive relief, but to take a more transparent step. It showed worry that companies dealing with digital assets are investigating offering tokenized stocks without any action or special permission, which means they want to be free from SEC enforcement actions. It urged the regulatory watchdog to deny these requests. The aim of SIFMA in asking the commission to deny the companies’ requests for no action or exemptions is that the company’s team wants a strong public process that lets people give their opinions before any decisions are made about new trading and issuance models. Therefore, with the open, transparent regulations, crypto markets will be safe and investors will be protected, which is a significant milestone in crypto. Atkins promises clarity for crypto The newly appointed chairman of the SEC, Paul Atkins, recently criticized the agency for stifling innovation in the cryptocurrency sector through years of “regulatory uncertainty.” “Market participants engaging in this technology deserve clear regulatory rules of the road,” Atkins said. Speaking at the SEC’s crypto roundtable—an initiative launched by the Republican-led commission to reassess how securities laws apply to digital assets—Atkins signaled a shift in tone. The event aimed to explore the agency’s evolving stance on crypto, an area that has been fraught with friction between regulators and the industry under previous leadership. Atkins, who has previously advised several crypto firms, is widely expected to adopt a more industry-friendly approach. His predecessor, Gary Gensler, had taken an aggressive enforcement stance, accusing the sector of widespread noncompliance with US securities laws. Even before Atkins took office, the SEC had begun softening its posture. In recent months, the agency has moved to develop clearer regulations for the crypto sector and has slowed—or entirely dropped—certain enforcement actions. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
After recovering from the recent pullbacks, SUI is attempting to reclaim a crucial resistance, which could trigger a breakout from its bullish formation. Some analysts believe that the cryptocurrency’s imminent rally could target significantly higher levels. Related Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch SUI Eyes Key Area Reclaim On Thursday, SUI has surged more than 10% from its $2.70 support toward the crucial $3.00 barrier. The cryptocurrency has been attempting to reclaim this area throughout Thursday, hovering between the $2.95 and $3.08 levels. Notably, the altcoin ended its multi-month downtrend after breaking above its descending resistance at the end of March, fueling its rally toward the $4.29 high in May. Since the Q2 breakout, SUI has been trading within the $2.33-$4.10 range. Nonetheless, the June pullbacks, driven by the global geopolitical tensions, sent the token below the $3.00 mid-range support to its local low of $2.22 nearly two weeks ago, before reclaiming the $2.80-$2.90 area. Amid the start-of-month retracement, the altcoin briefly lost its local range, but the Wednesday pump reignited bullish sentiment and potentially set the stage for a rally continuation. Analyst Alex Clay noted that SUI is currently testing the confluence of the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) resistances alongside its bullish flag resistance. According to the chart, the cryptocurrency has been trading within a bullish flag formation since May, and lost the technical indicators throughout the June pullbacks. Now, the indicators and the patterns’ upper boundary sit as resistance around the $3.00-$3.10 area. If the altcoin reclaims these key levels, the analyst considers that a rally to the $5.00 resistance would be “an easy trade.” Is A Breakout To $10 Nearby? Analyst Marcus pointed out that SUI “just snapped back from the 0.786 Fib zone sharp, clean and confident.” He added that the cryptocurrency’s structure held despite the correction, which confirmed a “healthy pullback, not a breakdown.” To the analyst, the current bounce could be the higher low that sets the stage for SUI’s next major move, as “all signs point to a setup that’s not done yet.” Meanwhile, market Watcher Crypto Yhodda affirmed that SUI is “in a big accumulation right now,” pointing to an eight-month triangle formation. According to the analyst, a breakout from this pattern “can help it reach the dream target of $10.” Similarly, Kaleo highlighted SUI’s bounce on its trading pairs against Bitcoin (BTC) and USD. He explained that there are many similarities between the base the altcoin is currently building and the base from the April lows that propelled the token to its local high. The cryptocurrency bounced off the High timeframe (HTF) ascending support line on both occasions, suggesting a massive rally could be ahead. To the analyst, the $10 target is “a magnet.” Related Reading: Bitcoin Holds Key Level Amid $108,000 Rejection, But Analysts Suggest Caution This Quarter Crypto Batman also highlighted this ascending support, noting that the recent pullback marks the third time the cryptocurrency has bounced from it since August. Following the previous two retests, the token rallied for weeks toward higher levels, signaling that a breakout could be nearby. Additionally, he considers that SUI displays a “solid-looking setup,” as it is trading above the key $2.30-$2.40 area that has served as resistance and support on the weekly chart. As of this writing, SUI trades at $3.09, a 15% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
This latest purchase brought its total SOL holdings to nearly $98 million. The company’s stock surged 17% on Thursday and 30% over two days, thanks to the bullish investor sentiment around its staking plans and a $112.5 million capital raise. Meanwhile, Chinese chipmaker Nano Labs revealed a $50 million BNB acquisition. The company also plans to eventually hold up to 10% of the token’s circulating supply. However, its stock dipped 4.7% despite the move. Additionally design software firm Figma revealed it holds $70 million in Bitcoin ETFs and has reserved an additional $30 million in USDC for future Bitcoin buys. This could mean that the company has a strong conviction in BTC’s long-term value. Together, these developments prove that there is a growing trend of corporate adoption of crypto assets, despite volatility fears, scrutiny from certain industry players, and mixed reactions from investors. DeFi Development Corp Shares Extend Rally DeFi Development Corp. experienced a sharp 17% rally in its stock price on Thursday after announcing a strategic $2.7 million purchase of Solana (SOL) tokens. The company revealed that it bought 17,760 SOL at an average price of $153.10 per token, bringing its total Solana reserves to 640,585 SOL—valued at nearly $98 million. DeFi Development Corp. also clarified that it plans to hold the newly acquired tokens for the long term and will stake them to generate yield. This latest surge in investor interest follows a series of strategic disclosures by the company. On Wednesday, the firm already gained market attention after releasing its June business update, which included plans to raise $112.5 million through private placements. The stock, which trades under the ticker DFDV, rose from a low of $18.47 on Wednesday to $23.80 by the close of trading Thursday. This was a 30% increase over two days. It gained an additional 0.8% in after-hours trading, ending the session at $24, according to Google Finance . While the stock is up over 2,733% year-to-date, it is still down 33% from its all-time high of $35.53 that was reached in May. DeFi Development Corp share price over the past 5 days (Source: Google Finance ) The company has some ambitious plans for the capital raised. Approximately $75.6 million will go toward funding a prepaid forward stock purchase transaction, while the remaining funds are earmarked for general corporate purposes, including additional Solana acquisitions. Although DeFi Development Corp. initially announced in April that it plans to raise $1 billion for Solana-related investments, those plans were temporarily shelved in June after a withdrawal of its SEC filing due to the late submission of a required management report. In a shareholder letter dated July 2, the company addressed the concerns about financial resilience, and explained that its balance sheet is structured to withstand prolonged market drawdowns and ensure long-term NAV/share stability. While the firm reported a 30% year-over-year decline in net revenue and a 15.5% drop in net profit margin for the March quarter, it is still committed to maintaining capital flexibility and minimizing short-term liquidation risks to protect investor value. Nano Labs Buys $50M in BNB Another company is also planning on stocking upon crypto. Nano Labs recently took its first major step toward a bold treasury strategy by purchasing $50 million worth of BNB. This forms part of its long-term plan to eventually hold between 5% and 10% of the asset’s total circulating supply. The Chinese microchip manufacturer said it plans to allocate up to $1 billion into BNB over time, and its recent acquisition brings its combined holdings in BNB and Bitcoin to approximately $160 million. Nano Labs was founded in 2019 by Kong Jianping and Sun Qifeng after their departure from the board of directors at Singapore-based hardware firm Canaan. The company went public in 2022 and specializes in high-throughput and high-performance computing chips. Despite the high-profile nature of the BNB purchase, investor enthusiasm was absent. Nano Labs’ stock dropped more than 4.7% during Thursday's regular trading session, followed by an additional 2% decline in after-hours trading, closing at $8.21. This downturn comes in contrast to the stock’s earlier 106% rally when the company first revealed plans to issue $500 million in convertible notes to fund the BNB treasury. Nano Labs stock price over the past 24 hours (Source: Google Finance ) Nano Labs has a long way to go if it wants to own 10% of BNB’s supply. The circulating supply stands at roughly 145.9 million coins with a market cap of $93.4 billion. Acquiring 10% at current prices would cost approximately $926 million. Complicating things even more, Binance’s ongoing token burns are gradually decreasing the supply, which was initially set at 200 million. A Forbes report from June also revealed that Binance and its former CEO Changpeng “CZ” Zhao still control about 71% of the circulating BNB. Additionally, the trend of companies holding crypto in their treasuries is under increasing scrutiny. Anthony Scaramucci , founder of SkyBridge Capital, recently questioned the long-term appeal of such strategies. While Scaramucci acknowledged his bullish stance on Bitcoin, he argued that investors might ultimately prefer direct exposure to the assets rather than investing in firms that hold them. “You might have been better off just putting $10 into Bitcoin,” he said. Figma Holds $70M in Bitcoin ETFs Earlier this week, design software company Figma disclosed in a regulatory filing that it holds close to $70 million in Bitcoin exchange-traded funds (ETFs) and earmarked an additional $30 million in stablecoins for future Bitcoin purchases. The company submitted paperwork to the US Securities and Exchange Commission (SEC) on Tuesday for an initial public offering on the New York Stock Exchange under the ticker symbol “FIG.” Figma's SEC filing (Source: SEC ) Figma reported investing $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024. By the end of the quarter on March 31, the investment appreciated to $69.5 million, WHICH IS an unrealized gain of 26%. In addition to its ETF exposure, Figma revealed that it holds $30 million worth of the stablecoin USDC. The company’s board approved the allocation on May 8, 2025, explicitly stating that the stablecoins were acquired to be converted into Bitcoin at a later date. The filing reads that the company bought 30 million USDC at $1 per token, with the intention of reinvesting those funds into Bitcoin in the future. Bitwise CEO Hunter Horsley praised Figma’s strategy, and pointed out that the company now holds approximately 5% of its balance sheet in Bitcoin. He also believes that more corporations are likely to follow suit by incorporating Bitcoin into their treasury reserves.