Trump Family Profits $2.3 Billion Through Four Crypto Ventures
On June 9, Reuters reported that U.S. President Donald Trump and his family have accumulated approximately $2.3 billion in profits through four crypto ventures: World Liberty Financial, $TRUMP meme coin, American Bitcoin, and ALT5 Sigma (now AI Financial). They leveraged brand authorization and trending topics while investing almost no personal funds, resulting in over a million investors facing a combined loss of about $2.3 billion. The report noted that around 75% of the token sale revenue from World Liberty Financial flowed to the Trump family, after which the tokens and related stocks saw significant declines; the price of the $TRUMP meme coin has dropped about 97% from its peak, and the stock prices of ALT5 Sigma and American Bitcoin have also plummeted. Several retail investors have expressed that they ignored risk control due to the 'presidential endorsement,' and some investors are considering legal action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung Electronics Q3 Profit Hits Another Record but Falls Slightly Short of Expectations; AI Memory Boom Drives Growth, Yet High Stock Prices and Cyclical Concerns Persist
Preliminary data released by Samsung Electronics on Thursday showed that its operating profit for the third quarter ending in September amounted to approximately KRW 107.4 trillion (about USD 80.1 billions), more than eight times higher than the same period last year, setting a new record mainly driven by demand for high-bandwidth memory (HBM).
BUZZ - Citi launches a positive catalyst watch on Xero, expects fiscal-year margin improvement; stock price rises
Latest Developments October 7 – Xero (XRO.AX), headquartered in Wellington, saw its share price rise by as much as 2.3% to AUD 57.38. Citi analysts maintained a “Buy” rating on the software company with a target price of AUD 91.55. The brokerage launched a positive catalyst watch ahead of the half-year earnings release, citing recent share price weakness. Strong revenue growth is expected for the first half, including contributions from the recent acquisition of Melio. Xero acquired Melio, a small business bill payment platform under (link), in 2025 for up to USD 3 billion. The company forecasts FY27 adjusted EBITDA to be close to the upper end of Xero’s guidance range, which is NZD 860 million to NZD 920 million (USD 481.51 million to USD 515.11 million). The share price is down 50.3% year to date, and this has been factored into today’s trading movements. (USD 1 = NZD 1.7860) (For the convenience of non-English speakers, Reuters provides this automated translation in several languages. Due to possible inaccuracies and lack of context in automated translations, Reuters does not guarantee the accuracy of automated translation texts and provides them only for reader convenience. Reuters assumes no liability for any damage or loss resulting from use of the automated translation feature.)
Samsung releases preliminary results: Q3 operating profit breaks 100 trillion won for the first time, soaring nearly ninefold year-on-year
Samsung Electronics reported an operating profit of approximately 107.4 trillion KRW in the third quarter, a year-on-year increase of nearly ninefold, marking a new historical high for the fourth consecutive quarter. Third quarter revenue reached around 195 trillion KRW, up 127% compared to the same period last year. The full financial report will be released on October 29.
Another wave in AI infrastructure financing! Broadcom (AVGO.US) plans to raise over 50 billions USD for OpenAI's chip project.
Foreign media reported that Broadcom (AVGO, US) is arranging over $50 billions in financing for its joint development of custom AI chips with OpenAI, marking the latest example in the trend of large-scale AI infrastructure financing deals.
Crypto prices
More
