Trump’s penchant for digital assets is no secret. However, the scale of his investments is considerable, as a new infographic from Cryptonews shows. Donald Trump’s personal crypto wealth has now already exceeded the $1.2 billion mark. According to the Democratic Caucus on the U.S. Congressional Financial Services Committee, Trump has systematically worked in recent months to weaken relevant regulatory authorities and stifle ongoing proceedings to build up crypto wealth secretly. According to a recent analysis, this wealth now even exceeds the total value of his real estate portfolio. As the infographic shows, Trump’s crypto wealth is spread across several asset classes and projects with a direct or indirect connection to his name. At the top is World Liberty Financial, a crypto company with close family ties, from which, according to research, Donald Trump is said to have siphoned around $390 million. This is followed by a $315 million meme coin, for which Trump licensed his name and profited from the price increase, as well as obfuscated wallets and investments valued at $430 million. He generated further income, among other things, from the sale of his own Trump NFTs. Trump’s attributed crypto wealth according to Forbes’ research. Source: Forbes . A central element of Trump’s crypto strategy is the aggressive positioning of his media company, Trump Media & Technology Group (TMTG), as an institutional Bitcoin investor. As the infographic shows, the company now holds approximately $2 billion in Bitcoin and Bitcoin-related securities—including physical holdings, options, and exchange-traded products. Notably, the remaining liquid assets amount to only around $1 billion, meaning that roughly two-thirds of the total liquidity reserve is tied up in crypto assets. Percentage of BTC and bitcoin-related securities (“Bitcoin”) in total liquidity of the Trump Media & Technology Group. Source: Trump Media & Technology Group ; With this strategy, Trump Media & Technology Group (TMTG) is now one of the largest Bitcoin holders in the world. As the infographic shows, the company already ranks sixth among all publicly traded companies with Bitcoin holdings – ahead of well-known players like Tesla, Coinbase, and Galaxy Digital. Only companies like MicroStrategy, Marathon Digital, and Block (formerly Square) currently hold larger BTC reserves. This position among the top holders shows the importance Bitcoin has become for TMTG’s strategic financial management – and also highlights how closely intertwined Trump’s media empire is with the cryptocurrency industry. As the infographic shows, Trump Media & Technology Group’s (TMTG) Bitcoin holdings are not only large—they also represent a significant portion of the company’s overall valuation. Approximately 40% of TMTG’s current market capitalization is accounted for by BTC holdings, underscoring the company’s dependence on the Bitcoin price. Despite its massive Bitcoin holdings, Trump Media & Technology Group (TMTG) shares have recently performed significantly weaker than the Bitcoin price itself. As the infographic shows, the stock’s performance is clearly lagging behind the crypto asset – both in the short term and over several months. Donald Trump’s family circle is also deeply involved in the crypto strategy. His sons, Donald Trump Jr. and Eric Trump, are among the co-founders of American Bitcoin. This company has already raised $220 million in institutional capital to finance Bitcoin reserves and mining infrastructure. At the same time, all three Trump sons are co-founders of World Liberty Financial, arguably the most central crypto vehicle in the Trump network; the US President operates there as “co-founder emeritus.” Eric Trump also recently commented publicly on Ethereum. On February 4, he described ETH as a buying opportunity and recently hinted that he sees the cryptocurrency’s fair value at $8,000. The neutrality of this Ethereum forecast can at least be questioned with regard to investments from the surrounding area. According to an analysis by the Washington Post, around 20% of current Trump advisors actively hold cryptocurrencies. This raises questions about the independence of political decision-making processes – especially at a time when crypto regulation and government Bitcoin initiatives are gaining increasing importance. The high proportion of investors in Trump’s immediate circle underscores the close personal and financial ties between politics and digital assets. The post Trump’s Crypto Empire: $1.2 billion in Personal Profit – 20% of His Government Advisors Hold Cryptocurrencies [Infographic] appeared first on Cryptonews .
The Bank of South Korea (BoK) has created a new unit to monitor the crypto market, Indonesia has announced a tax hike on crypto transactions, and Hong Kong has finalized its rules for stablecoins. Bank of Korea Digital Division BoK has opened a new division that will monitor the cryptocurrency market, local outlet News1 reported . The regulator also renamed the Digital Currency Research Group to the Digital Currency Group. The department will focus on stablecoins pegged to the Korean won (KRW) to prevent capital outflows and reduce reliance on stablecoins like USDT and USDC. Interest in these assets in South Korea has increased amid statements by newly elected President Lee Jae-myung. He has promised to promote KRW stablecoins. Ruling party lawmaker Min Byung-deok has introduced a bill that would establish a regulatory framework for this asset class. In response, South Korean banks and payment systems have begun actively submitting applications to register tickers for stablecoins. Crypto Taxes in Indonesia According to Reuters , new tax rules for the crypto market will come into force in Indonesia on August 1. The rate for sellers on local exchanges will increase from 0.1% to 0.21%, and for transactions on foreign exchanges—from 0.2% to 1%. At the same time, buyers will no longer pay VAT, which previously amounted to 0.11–0.22%. The tax on bitcoin mining will be decreased from 2.2% to 1.1%, and the special income tax of 0.1% will be abolished from 2026. All income from cryptocurrency mining will be taxed at standard rates for individuals or legal entities. Stablecoins in Hong Kong On July 29, the Hong Kong Monetary Authority (HKMA) released the final regulations for the stablecoin market. The law will come into effect on August 1. Issuers will need to obtain a license to issue fiat stablecoins in the Special Administrative Region (SAR) and beyond. The HKMA has already launched a public registry. The regulator will start accepting applications for registration from September 1. According to the head of the HKMA, Eddie Yue, most applicants do not meet the requirements.
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As Bitcoin (BTC) bulls potentially ready themselves for the next breakout and upward leg of the bull market, the memecoins have proved over recent history that when the market is going up, there is arguably no better place to be. Dogecoin (DOGE), Pepe (PEPE) and Bonk (BONK) are analysed for best buy zones. $DOGE already at edge of buy zone Source: TradingView The daily chart for $DOGE shows that the price has just touched on support. There could well be a reverse back to the upside from here given that all the short-term Stochastic RSI indicators, including the daily, are at their respective bottoms. In fact, the current price level, or perhaps a bit lower at the 5.0 Fibonacci level, are good places for an entry. If, and it’s a big if right now, there is one more quick impulse to the downside for Bitcoin, there is the possibility that $DOGE could fall to the strong support at $0.198, which corresponds with the 0.618 Fibonacci, the ascending trendline, and possibly the 50-day SMA (blue line). Buying at the current level, and setting limit orders down into the green box could be a decent strategy. One more dip for $PEPE takes price into buy zone Source: TradingView The 12-hour chart for $PEPE reveals that the price has dipped below the ascending trendline. While this is not particularly cause for concern, the price is also possibly taking hold below the 0.5 Fibonacci, which is also a support level. If the price continues down (depending on $BTC price movement) buys could start to be made at the 0.618 Fibonacci and into the green box. Once again, all the shorter term Stochastic RSIs are at the bottom, meaning that the next upward impulse could be quite soon. $BONK hits 0.618 Fibonacci level Source: TradingView Since hitting its top after the ascending trendline breakout, the $BONK price has chopped back down and has just touched the 0.618 Fibonacci, the most important of all the levels. A bounce from this point is quite likely. That said, if there is a bit more downside to come, limit buys in the green box could be the way to go. If the price came all the way down to the 0.786 Fibonacci, or the strong support level just above, these could be considered as great retests of this strong support zone, and buys here would be ideal. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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According to Reuters, the Indonesian Ministry of Finance announced that the tax rate on cryptocurrency transactions will be increased starting August 1. According to new regulations from the Indonesian Ministry of Finance, cryptocurrency transactions will be taxed starting August 1, and transactions made on overseas exchanges will be taxed at a higher rate. The tax rate for sellers on domestic platforms will be increased from 0.1% to 0.21%, and for sellers on international platforms, the rate will be increased from 0.2% to 1%. The value added tax (VAT) on Bitcoin and cryptocurrency mining will also rise from 1.1% to 2.2%. Meanwhile, the value-added tax (VAT) previously imposed on buyers will also be abolished. Furthermore, the current 0.1% special income tax on mining will be phased out by 2026, with mining revenues subject to standard personal or corporate tax rates. Bitcoin and cryptocurrencies are a popular investment option in Southeast Asia's largest economy, where they can be legally bought and sold but not used as payment. According to regulatory data, the total transaction value of cryptocurrencies is expected to triple year-on-year to over 650 trillion rupees ($39.67 billion) in 2024. Crypto exchanges in the country also had over 20 million users in 2024. Binance-backed exchange Tokocrypto said it welcomed changes reflecting Indonesia's shift from classifying cryptocurrencies as commodities to financial assets, but recommended a minimum one-month period for companies to comply. *This is not investment advice. Continue Reading: Tax Shock to Bitcoin from a Country with Millions of Cryptocurrency Users!
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Ether exchange-traded funds (ETFs) extended their winning streak to 18 days with $219 million in inflows, while bitcoin ETFs posted a modest $80 million as outflows from key funds muted Blackrock’s strong entry. Ether Streak Hits 18 Days As Bitcoin Sees Modest Gains The green wave for ether ETFs shows no signs of slowing down.