With the US president’s ties to his family-backed business, World Liberty Financial, and a memecoin launch, Donald Trump has seen his personal wealth increase by millions in 2025. US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the first time, mainly due to windfalls from his family-backed crypto business World Liberty Financial and his personal memecoin, Official Trump (TRUMP). Though the bulk of his net worth comprised stakes in his media venture, Trump Media and Technology Group, and real estate, crypto ventures reportedly accounted for roughly 9% of his wealth as of June. Read more
US President Donald Trump urged Hamas on Tuesday to accept a 60-day ceasefire in Gaza, saying that Israel had agreed to finalise such a deal, as its forces also stepped up operations in the Palestinian territory. Nearly 21 months of relentless Israeli bombardment have created dire humanitarian conditions for the more than two million people in the Gaza Strip, where Israel has recently expanded its military operations. The civil defence agency said Israeli strikes killed at least 14 people today. Trump, in a post on social media, said his representatives had met with Israeli officials about the raging conflict, ahead of Prime Minister Benjamin Netanyahu’s visit to Washington next week. “Israel has agreed to the necessary conditions to finalise the 60-day ceasefire, during which time we will work with all parties to end the war,” Trump wrote. He said representatives of Qatar and Egypt, mediators in the conflict, would deliver “this final proposal”. “I hope, for the good of the Middle East, that Hamas takes this...
The Republican-led US Senate approved President Donald Trump’s mammoth domestic policy bill on Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt. Republican leaders had struggled to corral support during a record 24-hour “vote-a-rama” amendment session on the Senate floor, as Democrats offered dozens of challenges to the most divisive aspects of the package. But Senate Majority Leader John Thune was able to turn around wavering moderates to deliver a 50-50 vote, with Vice President JD Vance breaking the tie. The sprawling text now heads to the House of Representatives, where it faces unified Democratic opposition and multiple Republicans baulking at the budget-busting costs, as well as slashed health care and food aid programmes for poor Americans. Trump’s bill proposes a $4.5tr extension of his first-term tax cuts, contentiously offset with $1.2tr in savings mainly targeting the Medicaid health insurance programme, as well as fe...
WASHINGTON DC: The Republican-led US Senate approved President Donald Trump’s mammoth domestic policy bill Tuesday by the narrowest of margins, despite misgivings over delivering deep welfare cuts and another $3 trillion in national debt. Republican leaders had struggled to corral support during a record 24-hour “vote-a-rama” amendment session on the Senate floor, as Democrats offered dozens […]
Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose. Read more
The Republican-controlled US Senate narrowly advanced President Donald Trump’s, sweeping tax-cut and spending bill on Saturday, during a marathon weekend session marked by political drama, division and lengthy delays as Democrats sought to slow the legislation’s path to passage. Lawmakers voted 51-49 to open debate on the 940-page megabill, with two of Trump’s fellow Republicans joining Democrats to oppose the legislation that would fund the president’s top immigration, border, tax-cut and military priorities. Trump on social media hailed the “great victory” for his “great, big, beautiful bill”. After hours of delay, during which Republican leaders and Vice President JD Vance worked behind closed doors to persuade last-minute holdouts to support the measure, Democrats demanded that the megabill first be read aloud in the chamber — a task that could delay the start of the debate until Sunday afternoon. Democrats say the bill’s tax cuts would disproportionately benefit the wealthy at the expense of social progr...