The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon. The complaint was not available on the court’s public docket at the time of publication. The lawsuit accused JPMorgan of trade libel and breach of implied covenant of good faith, and Dimon of violating Florida’s deceptive trade practices law. A spokesperson for the bank said the lawsuit had no merit and JPMorgan “does not close accounts for political or religious reasons.” Read more
US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart. The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos. Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or Chinese influence in the region. However, he walked back some worrying rhetoric about military action, stating that he would not use force to take over Greenland, which itself is an autonomous region of Denmark. He scrapped plans to use tariffs to pressure allies to go along with his acquisition plans. Indeed, he walked away from Davos with a supposed “framework of a future deal.” Bitcoin (BTC) responded positively to the news, bumping up from around $87,000 to $90,000 as the evening came to a close. Read more
The US president said he supported the GENIUS Act because it was "politically popular,” but added the main reason was in response to China. US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations behind his crypto policies, saying China’s regulatory landscape was a factor. In a Wednesday speech at the WEF’s annual meeting in Davos, Switzerland, Trump said he supported the signing of the payment stablecoin-focused legislation, the GENIUS Act, in July because it was “politically good” and “China wanted that market, too.” “[I]t is politically popular,” said Trump on crypto. “But it’s, much more importantly, we have to make it so that China doesn’t get the hold of it. And once they have that hold, we’re not going to be able to get it back.” Read more
Bitcoin joined stocks in a relief bounce as US President Donald Trump hinted at new legislation "very soon" and a doubling of the Dow Jones. Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation. Key points: Trump breathes modest gains into BTC price action with his World Economic Forum speech. Read more
Crypto markets sell off as US stocks and global markets react to President Trump’s new tariff threats. Will the tensions put a stop to Bitcoin's start-of-year recovery? Key takeaway: Rising US and Japan bond yields signal macroeconomic stress, dragging the total crypto market capitalization 32% below its Oct 2025 peak. Bitcoin (BTC) and Ether (ETH) retested their lowest levels in more than two weeks after crypto and stock markets digested US President Donald Trump’s fresh round of tariff threats. The potential tariffs are an attempt by the administration to convince Denmark to reconsider its control of Greenland. European nations have shown little willingness to negotiate, prompting crypto and equities investors to adopt a more risk-averse stance. Read more
US President Donald Trump is bringing criminal charges against the head of the Fed in what many see as a political move motivated by a desire for lower interest rates. The US Department of Justice, at the direction of President Donald Trump, has opened a criminal investigation into Federal Reserve Chairman Jerome Powell. The DOJ alleges that the chair has misallocated funds in the course of renovations of Federal Reserve office buildings, a claim that Powell has denied. The Fed chair said that the charges were politically motivated and “a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.” Read more
US President Donald Trump said the “leaker on Venezuela has been found and is in jail” as some Polymarket accounts tied to early bets on Maduro’s ouster go silent. US President Donald Trump said the “leaker on Venezuela” has been jailed, a remark that has renewed scrutiny of prediction markets following a series of well-timed bets earlier this month. “The leaker on Venezuela has been found and is in jail right now,” Trump said in the Oval Office on Wednesday, according to a video posted by The Wall Street Journal. Although Trump did not mention prediction markets, blockchain analysts such as Lookonchain have speculated that the leaker may be linked to a cluster of Polymarket accounts that placed concentrated bets on Venezuela outcomes just hours before the news became public. Read more
“We have never seen financial conflicts or corruption of this magnitude,” said Senator Elizabeth Warren on US President Donald Trump's links to World Liberty Financial. US Senator Elizabeth Warren is pressuring the country’s banking regulator to hold off on considering World Liberty Financial’s bid for a bank charter until US President Donald Trump divests his interest in the crypto platform. In a letter on Tuesday, Warren asked Comptroller of the Currency, Jonathan Gould, to delay reviewing World Liberty’s application for a national trust bank until Trump “eliminates all financial conflicts of interest involving himself or his family and the company.” “We have never seen financial conflicts or corruption of this magnitude,” Warren said. “The United States Congress failed to address them when it passed the GENIUS Act into law—so it is incumbent for the Senate to address these real and serious conflicts of interest as it considers crypto market structure legislation.” Read more
The balance of power tends to shift every two years because political parties typically overpromise and underdeliver, according the billionaire hedge fund manager. The balance of power in the United States Congress may shift in favor of Democrats in the 2026 midterm elections, fueled by inflation concerns, threatening to undo regulatory policies under the Republican Party and US President Donald Trump, according to billionaire hedge fund manager Ray Dalio. “The affordability issue will probably be the number one political issue next year, contributing to the Republicans losing the House and a very messy 2027 on the way to a very interesting 2028 election,” Dalio said, adding: The crypto industry is one of the biggest beneficiaries of the Trump administration’s tech-focused policy agenda centered on digital technology and artificial intelligence Read more
The Gemini Trust Company and parent company of Crypto.com sent millions of dollars to the Trump-supporting PAC in September and October. Two major cryptocurrency exchanges have contributed more than $21 million to a political action committee (PAC) supporting US President Donald Trump. In a Friday filing with the Federal Election Commission, the MAGA Inc. Super PAC reported receiving 1,500,000 liquidated USDC (USDC) from the Gemini Trust Company and two $10 million contributions from Foris Dax, the parent company of cryptocurrency exchange Crypto.com. The exchange has deepened ties with Trump’s media company since 2025 as part of a digital asset treasury strategy. Other contributions related to the crypto and financial industries included $1 million from an executive at payment processing provider Shift4 and more than $4 million from JP Morgan Chase Bank, N.A. The funds contributed to the PAC’s $294 million stockpile. Read more
January’s unlock calendar is heavily concentrated, with four major projects accounting for more than one-third of all tokens set to enter circulation. More than $5.5 billion in cryptocurrencies are scheduled to unlock in January, with ONDO, BGB, HYPE and TRUMP tokens accounting for some of the biggest releases. According to Tokenomist’s token unlocks data tracker, January will see over $5.5 billion in token unlocks. About $2.5 billion will be released through a cliff unlock, which means the tokens are unlocked all at once. Another $3 billion will enter circulation through linear releases, distributing tokens gradually over time, creating less abrupt supply increases. Crypto vesting is the process of locking token allocations and releasing them over time to prevent early or sudden increases in circulating supplies. These schedules often include an initial lockup followed by periodic unlocks, aligning long-term incentives while managing market impact. Read more
Bitcoin rose toward $93,000 as Donald Trump made remarks suggesting tougher action on Colombia and Mexico following the US operation in Venezuela. Bitcoin climbed toward $93,000 on Monday as US President Donald Trump made comments suggesting the United States could pursue tougher action against Colombia and Mexico, extending geopolitical uncertainty in the region following the weekend operation in Venezuela. Speaking on Sunday, Trump criticized Colombia over cocaine trafficking and said a new US military operation focused on the country “sounds good to me,” according to Reuters, while also warning that “something is going to have to be done” in Mexico. “Colombia is very sick, too, run by a sick man, who likes making cocaine and selling it to the United States, and he’s not going to be doing it very long," Trump warned. Read more
Arkham data shows wallets associated with the Official Trump meme team pulling about $94 million in USDC from TRUMP liquidity pools in December and routing the funds to Coinbase. Onchain analysts tracking the Official Trump (TRUMP) memecoin on Solana have flagged large transfers from wallets labeled as parts of the “Official Trump Meme” cluster moving about $94 million in USDC from TRUMP liquidity pools over the past month. The most recent movement, highlighted by blockchain data platform Arkham, involved 33 million USDC (USDC) being withdrawn from liquidity on Tuesday and sent to an entity labeled Fireblocks, which then routed funds to wallets labeled as belonging to Coinbase. Public Solana records on Solscan corroborate the large USDC outflows from TRUMP‑linked wallets. Read more