DeFI News by Thebittimes.Com

President Donald Trump’s personal cryptocurrency portfolio suffered a dramatic decline in the first half of 2025, with its total value plunging by 78.35% since the start of the year, according to data from Finbold’s H1 2025 Cryptocurrency Market Report.  On January 1, 2025, the value of Trump’s wallet stood at approximately $10.16 million. By June 30, it had fallen to just $2.20 million, representing a loss of $7.96 million over six months. The bulk of this decline occurred in Q1, with the portfolio hitting a low of $1.96 million by the end of March. However, Trump’s holdings did show a mild recovery in the second quarter, gaining around $240,000, or 12.24%, between April and June. What crypto does Trump hold? Trump’s largest holding remains the meme token TROG, with a current valuation of over $800,000. Other notable assets include USDC, MAGA (TRUMP), and MATIC. While the wallet’s contents have drawn attention due to his return to the White House, it is impor...

When President Donald Trump took office earlier this year, bitcoin (BTC) was at an all-time high, and the crypto industry was euphoric. Now, just over six weeks later, reality has set in. Plotting specific metrics on a graph shows an avalanche of downward trendlines toward recession. Protos has compiled a chart of major assets, indices, and metrics relevant to any investor since the day Trump became president for the second time, proving it would have been better to have bought the rumor and sold the news of Trump’s ostensibly pro-crypto administration. Niche sectors within crypto have performed particularly poorly but macro metrics like unemployment have also suffered. Since Inauguration Day, crypto’s combined market cap has declined $800 billion, while BTC has lost nearly one-third of its value, plummeting from an all-time high of just over $108,000 on January 20 to a little over $75,000 early on Monday . This is despite Trump promoting the currency multiple tim...

The United States took decisive action this week, announcing new 10% baseline tariffs on what President Donald Trump announced as the nation’s Liberation Day.’ Now, UK Prime Minister Keir Starmer is reportedly seeking a new US trade deal to remove the tariffs, according to a Washington Post report. The announcement of new import taxes created a race to negotiate with the United States. Indeed, the economic policy saw Israel and India move swiftly to shift their duties on US goods in hopes of avoiding the reciprocal tariffs. Now, Starmer is looking to reduce tariffs placed on Britain through a new deal with the Trump administration. JUST IN: UK Prime Minister Keir Starmer seeks new trade deal with the United States to remove tariffs. — Watcher.Guru (@WatcherGuru) April 4, 2025 Also Read: 3 Key Takeaways From Trump’s Liberation Day Tariffs UK Prime Minister Keir Starmer Eyes New US Trade Deal Amid Trump’s Liberation Day Tariffs The United States made headlines this week...

Since his nomination as the 47th US President, Donald Trump has made several promises to US citizens, most notably to lower taxes. With these tax talks, Trump’s biggest resource for making that dream a reality has been through tariffs. The US President has explored tariffs on most of the United States’ major exporters, including Mexico and China. On the home front, Trump’s new Department of Government efficiency, is working to cut down on US spending, which includes thousands of jobs, to make way for tax cuts. According to a report by FactCheck.org, on average, taxpayers in every income group would get some tax relief, but not everyone. In all, about two-thirds to three-quarters of taxpayers would get a tax cut, according to independent analyses. Also, the cuts skew in favor of wealthy Americans, who would see more tax relief not only in the dollar amount but as a percentage of income, on average. But again, the wealthy wouldn’t be the only ones to benefit. Trump to Me...

As the nation continues its embrace of the asset class, the US Senate is poised to vote this week on repealing the IRS rule threatening crypto and the DeFi sector. Indeed, Senate leaders are expected to erase a crypto broker rule, one of two regulations in place by the Biden administration that could soon be reversed, according to a CoinDesk report. The Trump Administration announced the impending launch of the country’s very own cryptocurrency reserve plans. Although there has been some debate on the tokens included, it represents yet another major step forward for the country and its renewed pro-crypto approach. JUST IN: US Senate to vote this week on repealing IRS rule threatening crypto and DeFi. — Watcher.Guru (@WatcherGuru) March 3, 2025 Also Read: CBDC Debate: Digital Euro Expands While Russia Delays Digital Ruble & U.S. Holds Back US Senate Expected to Repeal IRS Rule Threatening Crypto & DeFi There is no doubt that the return of Donald Trump to the White House is brin...

Joseph Bankman and Barbara Fried have met with lawyers and members of president Donald Trump’s administration Trump has already pardoned Silk Road creator Ross Ulbricht who served 12 years in prison Early Bitcoin investor Roger Ver, who faces a 109-year prison sentence, has also asked Trump to help him The parents of former FTX CEO Sam Bankman-Fried are seeking to get their son a presidential pardon from Donald Trump. Stanford law professors Joseph Bankman and Barbara Fried have reportedly met with lawyers and members of Trump’s administration. According to Bloomberg, the pair hopes to receive clemency for their son, who is serving a 25-year prison sentence. Bankman-Fried was sentenced last March after being found guilt of fraud. The platform filed for bankruptcy in 2022. Pardoning Ulbricht The move comes as Trump gave a presidential pardon to Silk Road creator Ross Ulbricht in the first week of entering the White House. During his presidentia...

Ethereum (ETH) appears to have found a powerful ally in World Liberty Financial (WLFI), a decentralized finance (DeFi) platform reportedly linked to U.S. President Donald Trump. In a buying spree just hours before Trump’s inauguration ceremony, WLFI acquired $48 million worth of ETH, drawing renewed attention to the cryptocurrency. The acquisition comes at a critical time when Ethereum is striving to overcome a period of underperformance, potentially marking a significant turning point in its trajectory. Picks for you Jellyverse unveils jAssets Protocol for synthetic assets on Sei 21 mins ago Google searches for ‘ChatGPT’ are 20x higher than rival AI tools 2 hours ago ...

A new era is set for the industry with the appointment of crypto-friendly candidates such as Paul Atkins It remains to be seen whether the US will match similar regulatory frameworks like Europe’s MiCA The rise of Bitcoin will be shaped by institutional adoption, increased regulatory clarity, and broader macroeconomic and geopolitical trends US President-elect Donald Trump is taking office today with his incoming administration making significant promises for the crypto industry. After years of battling with the US Securities and Exchange Commission (SEC) under outgoing US President Joe Biden’s administration, the crypto market is beginning to feel hopeful. Even before entering the White House, a shift has already taken place with the appointment of crypto-friendly candidates including Paul Atkins as the next SEC Chair and crypto czar David Sacks. Trump is also, reportedly, going to sign an executive order making crypto a priority under his leade...

US President-elect Donald Trump is considering creating the first-ever White House role dedicated entirely to crypto policy, according to a Nov. 20 Bloomberg report. The report said that Trump is in the process of engaging with industry executives to decide whether or not the new role is necessary. He is reportedly vetting possible candidates for the role as well. Crypto Advocates Want The New Role To Report Directly To Donald Trump It is still unclear whether the role will be another White House staff position or if a “crypto czar” will be established to coordinate policy between federal agencies. Regardless, crypto advocates want the new role to report directly to Trump. According to the report, the person appointed for the potential role will direct a small staff while simultaneously mediating between Trump, Congress and numerous other federal agencies. These federal agencies include the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading...

Despite a history of flip-flopping on the crypto industry, United States president-elect Donald Trump has suddenly become an enthusiastic advocate for the space and has actively made several eye-catching promises. Now that he’s set to once again assume control of the executive branch, he will have oversight over a variety of different important appointments, the ability to pardon or commute certain sentences, and a demonstrated willingness to use the bully pulpit to advocate for policies that he believes in. As we prepare for the next several years, Protos has collected several crypto promises that Trump has made and that we will be watching closely. Trump win opens door to many pro-crypto government appointments Read more: Tether’s dreams come true with Donald Trump victory Gary Gensler and Ross Ulbricht could both be out One of the things that Trump promised — to extraordinary cheers at the Bitcoin Conference — was that he would fire Gary G...

The Dogecoin price surged 26% in the last 24 hours to trade at $0.2045 as of 02:37 a.m. EST on trading volume that skyrocketed 227% to $10.3 billion. This comes as Donald Trump is set to become president for the second time after defeating Kamala Harris in the US election. Trump has promised to be ”crypto president” and Dogecoin may be a big winner if Trump appoints DOGE fan Elon Musk to head a Department of Government Efficiency (DOGE) in his administration. Dogecoin Price Could Continue Soaring According to the DOGE/USD chart Analysis , the Dogecoin price is currently capitalizing on the cup and handle pattern, formed as DOGE found support within the $0.096 support, according to data from GeckoTerminal . The uptrend has pushed the price of Dogecoin to now trade above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the price may continue soaring. Moreover, the 50-day SMA has now surpassed the 200-day SMA, which has now formed a go...

Elon Musk has garnered significant popularity in the ongoing US elections. Musk has been noted for promoting former US president Donald Trump and propagating the narrative that Trump’s win is critical for US democracy and the nation’s integrity on a global level. At the same time, Trump has also shown his adoration for Musk by promising him a cabinet role, adding that the former president would not mind and would deliver Musk a cabinet role if he won the US elections. If this happens, the development could be a game changer for US politics and crypto. Also Read: BRICS: JP Morgan Predicts the Future of the US Dollar Can Musk’s Political Stint Impact DOGE? David Gokhshtein revealed that he wouldn’t be surprised if Elon Musk decides to make Dogecoin the crypto of the space economy. Elon Musk is known for many things, but most importantly, the Tesla chief is known to be an avid proponent of Bitcoin. Dogecoin has often seen incredible price pumps due to Musk’s impromptu mentions of DOG...

Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto” Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador Trump’s post comes less than a week before the US election results are in Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper. Posting on X, Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding: “We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.” On October 31, the mysterious creator of Bitcoin, Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System, which would change how we view money. Detailing how the current financial system works, the...

Former President Donald Trump on the ballot in November against Kamala Harris spoke about the BRICS de-dollarization agenda. Trump minced no words during the economic forum saying that countries that stop using the US dollar for trade will face severe consequences. Also Read: BRICS Settle 65% Trade in Local Currencies & Not the US Dollar JUST IN: Donald Trump says he will put 100% tariffs on countries abandoning the US dollar as world reserve currency. pic.twitter.com/kDKcyiLPos — Watcher.Guru (@WatcherGuru) October 15, 2024 The consequences include facing a 100% tariff on all goods that enter the US. The move will force the BRICS alliance to abandon the de-dollarization prospects and use the US dollar for payments as that’s the cheaper offer. Ending reliance on the US dollar would add a 100% tariff that would prove to be a costly method to do business. Also Read: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominance “If a country tells me, Sir we like yo...

Political tokens led by m eme coins linked to Donald Trump plunged more than 8% after last night’s presidential debate with the odds of Kamala Harris becoming the next president gaining on betting platforms including Polymarket. Trumpie (TRUMPIE), Doland Tremp (TREMP) and MAGA Pepe (MAPE) were the biggest losers in the political meme coin sector over the past 24 hours. TRUMPIE plummeted over 47%, while both TREMP and MAPE shed more than 25%. Betting Odds Shift In Favor Of Kamala Harris As Donald Trump Struggles Harris and Trump faced off in their first debate in Philadelphia yesterday evening. Topics covered in the debate ranged from the economy to foreign policy to abortion. Following the debate, BetOnline odds that had initially favored Trump had flipped to Harris. Odds in favor of the former US president winning the election in November dropped 3% on the decentralized betting platform Polymarket. Meanwhile, Harris’s odds rose by the same amount over the past 24 hou...

Donald Trump, the former United States President, a prominent crypto investor and the United States presidential election super candidate, has launched a new collection of digital trading card non-fungible tokens to expand the growing interplay between crypto and politics. In this article, we shall assess in detail more about this new Trump’s non-fungible token collection. Trump Launches His 4th NFT Collection On August 27, 2024, Trump, through his collecttrumpcards.com website, confirmed unleashing his fourth non-fungible token collection titled “The American First Collection.” Building on the growing interplay between crypto and politics, Donald Trump is offering a fourth collection of NFTs featuring images of the former American president disguised in different outfits. Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump is now seeking his re-electi...