Invest ideasNews
10 Jun 2026, 08:00
Trump’s Crypto Deals May Have Increased The Family Fortune By $2 Billion—At Investors’ Expense
A new investigation by Reuters alleges that the Trump family has generated $2.3 billion from its four main crypto ventures, while investors in those projects have absorbed losses of a similar magnitude, amounting to roughly $2.3 billion, including paper losses, by the end of April. World Liberty Sales The investigation describes World Liberty Financial’s token fundraising as the largest component of the Trump family’s alleged crypto windfall. World Liberty has disclosed raising $1.4 billion by selling 30 billion WLFI tokens, which Reuters says yielded roughly $987 million for the Trump family. However, Reuters argues that the Trump family’s earnings from World Liberty token sales may be higher than the disclosed estimate. The outlet says that in an October 2025 filing tied to European crypto sales regulations, World Liberty reported it held 3 billion fewer tokens than it previously stated publicly. Using a weighted average of token prices during the relevant period, Reuters calculates that if sold, those tokens would have generated at least $460 million for the Trump family. Reuters says these likely additional sales would bring total Trump family earnings from World Liberty token sales to more than $1.4 billion, representing the largest share of the $2.3 billion overall figure cited in the investigation. TRUMP Memecoin Cashout For the President’s official memecoin, Reuters used blockchain data to trace gains from coin sales across online marketplaces and to identify coin movements to crypto exchanges. The investigation says movements to exchanges strongly suggest sales, and it attributes that method to experts, including finance and computing professors, a law professor, and an industry analyst. Reuters reports that using weighted average prices during the periods when coins were moved to exchanges, it calculated that those movements—if they represented sales—raised more than $880 million. Reuters says total revenue, including sales through other channels, was about $1.2 billion. Reuters also details token flows involving ALT5 Sigma and World Liberty Financial. It says ALT5 Sigma , transformed into a crypto acquisition vehicle, partnered with World Liberty Financial to buy $717 million worth of World Liberty tokens. This purchase allegedly sent more than $500 million to the Trump family. Beyond token sales, Reuters says it found that Eric Trump’s stake was worth over $70 million at the end of April, while it says the value of Donald Trump Jr.’s stake was not disclosed. The report also states that Hut 8 Corp, the Trump family’s partner in the venture, bought $25 million of World Liberty tokens shortly after the company launched, sending about $19 million to the Trump family. Crypto Investor Losses To estimate investor losses, Reuters says it compared what initial buyers paid for TRUMP and World Liberty tokens and for new shares in ALT5 Sigma and American Bitcoin against the current market values. For investors in World Liberty governance tokens, Reuters says early purchasers paid either $1.5 or $0.5 per token. Those early buyers may have profited on tokens they sold after trading began on crypto exchanges, but Reuters notes they were restricted from selling 80% of their holdings . Reuters says that for tokens bought after exchange trading began, prices have fallen as well. Altogether, Reuters estimates losses for investors in World Liberty tokens total about $674 million. Reuters says buyers spent at least $1.2 billion on TRUMP, at prices up to $75.35. Using the April 30 price of $2.38, the report says those coins were worth $521 million, implying a loss of more than $700 million for buyers. For the Nasdaq-listed companies, Reuters reports that ALT5 Sigma and American Bitcoin disclosed the number of shares sold and the money they raised through the end of March 2026. Since August of last year, Reuters says ALT5’s share price fell sharply, leaving investors down about $675 million. It says American Bitcoin’s shares dropped from $11 to $1.15 by the end of April after declining since September, leaving investors down more than $200 million. Featured image created with OpenArt; chart from TradingView.com
8 Jun 2026, 18:49
Cardano investigator demands answers from Charles Hoskinson over missing 1,090 BTC
Thomas Braziel, a cryptocurrency bankruptcy creditor and claims investor, is demanding that Charles Hoskinson, the founder of Cardano (ADA), come out and clarify the status of approximately 1,090 Bitcoin that was assigned to the original Cardano Foundation. The news comes after Braziel (also known as @Bkclaims on X) spent several days analyzing corporate and registration filings from both the Isle of Man and Switzerland entities related to Cardano’s initial legal structure. Why is Braziel blowing the whistle? In a thread published today, June 8th, Braziel revealed that Charles Hoskinson acted as a supervisor for the original Isle of Man foundation, the same entity that held the funds raised during Cardano’s 2015 initial coin offering (ICO). The Cardano project’s genesis records also confirmed the figures, stating that a total of 108,844.5 BTC was raised through four rounds between October 2015 and January 2017. Out of those funds, about 1,090 BTC went to the Isle of Man entity, while 7,168 BTC went to the Swiss-registered Cardano Foundation. Braziel’s main concern is determining where the 1,090 BTC went to and who controls it, given that the Isle of Man entity was dissolved in December 2025. He raised that point in a follow-up post , observing how the foundation appears to have left the funds without a clear or publicly documented custodian. Is Charles Hoskinson being accused of fraud? The questions around the BTC allocation are only part of a wider investigation by Braziel into Cardano’s early corporate setup. Yesterday, June 7th, 2026, Braziel announced that he had identified the original 2016 Swiss board members of the Cardano Foundation (naming Michael Kenneth Parsons as chairman and Bruce Robert Milligan as vice chairman) and asked the community to help him locate more governance documents. Braziel also claimed that a separate review showed at least 21 entities registered in Wyoming that are linked to Charles Hoskinson, including a newly established family office and a healthcare investment reported to be worth $250 million. Braziel also drew comparisons between Cardano and EOS. He stated that both organizations relied on private, “for-profit” development companies and operated with a lack of public accountability regarding the management and allocation of the funds they raised during the ICO boom. Nonetheless, Braziel emphasized that his investigation is a request for transparency, not an accusation. “It’s not a scam to pivot a company or foundation’s mission,” he said , adding that he is specifically concerned about potential conflicts of interest arising from Charles Hoskinson’s roles at both the Cardano Foundation and IOHK, the company building Cardano’s software. Cardano yet to reply As of today, June 8th, neither Hoskinson nor the Cardano Foundation has publicly addressed Braziel’s questions. ADA traded at $0.1678 the day the thread went viral, increasing by 2.55% over 24 hours, according to CoinMarketCap . The token’s market cap was roughly $6.06 billion. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
8 Jun 2026, 10:12
Worldcoin price forecast: WLD posts gains despite Arthur Hayes exit, HTX row
Worldcoin (WLD) held above $0.47 on June 8 even after Arthur Hayes exited his position and a separate HTX-WLFI dispute rattled sentiment across AI-linked crypto tokens. Despite the turbulence, the token's technical picture remains broadly bullish, and traders are now watching a key resistance level that could determine where WLD heads next. Arthur Hayes dumps all his WLD The drama kicked off on Wednesday, June 4, when Maelstrom researcher Lukas Ruppert published a bullish investor note calling Worldcoin an "overlooked" bet on the wave of AI mega IPOs. Ruppert put a $5 price target on WLD by August, a more than 900% move from where it was trading at the time. The note did spark a quick rally, pushing WLD up to $0.60 by Friday. Then, just two days later, Maelstrom co-founder Arthur Hayes reversed course entirely. On Saturday, Hayes posted on X that he had sold his entire WLD position, writing "this chart is going in the wrong direction" alongside a chart of the SpaceX pre-IPO perpetual futures contract, which had dropped sharply. "Dumped WLD. I'm out," he added. The exit caught many off guard, particularly because Hayes had said just days earlier that he planned to hold WLD through the SpaceX Nasdaq IPO, which is expected this coming Friday. The timing drew public criticism, including from on-chain analyst ZachXBT. WLD dropped back from $0.60 to around $0.40 following Hayes' announcement, but it has since recovered to $0.4746, up 6.8% in the past 24 hours and up 24.8% over the past seven days. The 24-hour trading volume stands at $563.8 million, which is a substantial figure reflecting active participation despite the negative headlines. Notably, this isn't the first time Hayes has done something like this. In March, Hayes publicly predicted that Hyperliquid (HYPE) would reach $150 by August. On June 1, he doubled down, saying HYPE would outperform every other top-ten crypto through year-end. Three days later, he sold everything. He also sold his Zcash (ZEC) holdings on June 5 after a critical vulnerability was discovered in its privacy protocol, having previously said ZEC would reach 10% of Bitcoin's price. What makes the HYPE situation even more interesting is that a wallet linked to Hayes bought back roughly 33,978 HYPE, worth around $2 million, shortly after selling, following a 26% price drop. HTX pulls USD1, complicating the WLD picture Adding to the developments around Worldcoin is a separate but related development involving crypto exchange HTX. In an official announcement , the HTX exchange has delisted the USD1 stablecoin, the stablecoin issued by World Liberty Financial (WLFI), the DeFi project tied to the Trump family, after WLFI froze several HTX-linked blockchain wallet addresses. On its part, WLFI said the freeze was part of a sanctions compliance review , pointing to UK sanctions against Huobi Global S.A., an entity associated with the HTX brand, over alleged facilitation of financial services benefiting the Russian government. HTX rejected this explanation, arguing the freeze came without legal grounding, advance warning, or any opportunity to respond. In response, HTX suspended USD1 deposits and conversions and removed trading pairs including USD1/USDT, BTC/USD1, ETH/USD1, and WLFI/USDT. Users holding USD1 on the platform will have their balances automatically converted to Tether (USDT) at a 1:1 ratio. The conflict between HTX and WLFI also has a backstory. HTX adviser Justin Sun had previously filed legal proceedings against WLFI , claiming his tokens were frozen without justification. WLFI countered with a defamation lawsuit against Sun, alleging false statements and breach of the WLFI token sale terms. The delisting of USD1 is the latest escalation in what has become an increasingly bitter dispute. What the charts say Despite the negative news flow, WLD's technical setup remains constructive. According to analysts, out of 23 indicators, 14 are currently bullish, none are bearish, and 9 are neutral. Moving averages alone show 12 buy signals against zero sell signals. On the daily chart, WLD is trading above all five key exponential moving averages, the 10, 20, 50, 100, and 200-day EMAs, with each one now sitting below price as dynamic support. Worldcoin price analysis Trading above the 200-day EMA is generally seen as a sign that the broader trend structure remains intact. The RSI(14) is currently at 60.70, which puts it in neutral territory. It hasn't pushed into overbought territory above 70, suggesting the recent rally hasn't been excessively stretched. The key level to watch on the upside is $0.5418. WLD needs to close above that level on the daily chart to confirm a continuation of the uptrend. That level is close to the $0.60 high reached after Maelstrom's bullish note was published. On the downside, support sits at $0.3732. A daily close below that level could open the door to further losses. For added context, WLD hit an all-time low of $0.2303 on May 18, 2026, just 21 days ago, and has since gained more than 105% from that bottom. It remains, however, 96% below its all-time high of $11.74, which was set in March 2024. Whether WLD can push past $0.5418 and revisit the highs from earlier this week will likely depend on broader market conditions and whether the SpaceX IPO narrative, which Maelstrom used to frame its bullish thesis, continues to drive interest in AI-adjacent crypto assets. The post Worldcoin price forecast: WLD posts gains despite Arthur Hayes exit, HTX row appeared first on Invezz
8 Jun 2026, 10:05
117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO
BitcoinWorld 117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO Thomas Braziel, CEO of the crypto investment and advisory firm 117 Partners, has publicly called on the Cardano (ADA) Foundation to provide a detailed account of how it utilized approximately 1,090 Bitcoin (BTC) received during the project’s initial coin offering (ICO) in 2015. The demand, made via a post on X, raises questions about the governance and financial stewardship of one of the blockchain industry’s most prominent foundations. The Origins of the Demand Braziel’s request stems from his review of corporate registration documents and information publicly available on the official Cardano website. His findings indicate that the foundation’s initial legal entity, known as the Manx Foundation, was established on the Isle of Man concurrently with the 2015 ICO. Cardano founder Charles Hoskinson was listed as a director of this entity. According to Braziel, this Manx Foundation appears to have been the recipient of roughly 1,090 BTC from the ICO proceeds. The situation has become more pressing following the dissolution of the Manx Foundation in December 2025. Braziel argues that with the entity now dissolved, the foundation is obligated to release all relevant documents pertaining to its governance structure and, crucially, the disposition of the Bitcoin holdings. He has explicitly stated that he is not currently alleging any wrongdoing, but is instead demanding a higher standard of transparency from the organization. Context and Implications for Cardano The Cardano Foundation is a Swiss-based nonprofit organization tasked with overseeing the development and promotion of the Cardano blockchain. While the foundation has historically provided periodic financial reports, the specific fate of the original ICO Bitcoin has not been a subject of routine public disclosure. This call for transparency comes at a time when the broader cryptocurrency industry is under increasing scrutiny from regulators and investors alike regarding the use of funds raised in early token sales. The amount in question, 1,090 BTC, represents a significant sum. At current market valuations, it is worth tens of millions of dollars, though its value at the time of receipt in 2015 was substantially lower. The demand highlights a persistent tension in the crypto space between the ethos of decentralization and transparency and the practical realities of corporate governance and financial management. Why This Matters to the Crypto Community For ADA holders and the wider crypto community, this is more than a historical footnote. The manner in which a foundation manages its treasury directly impacts trust in the project’s long-term viability. Clear disclosure can strengthen community confidence, while opacity can fuel speculation and uncertainty. Braziel’s public challenge places the Cardano Foundation in a position where it must now decide how to address these questions, potentially setting a precedent for how other projects handle similar inquiries about their early financial history. Conclusion Thomas Braziel’s call for the Cardano Foundation to disclose the use of 1,090 BTC from the 2015 ICO represents a significant push for greater financial transparency in the crypto sector. With the Manx Foundation now dissolved, the request for governance documents and a clear accounting of the Bitcoin is likely to intensify. The Cardano Foundation’s response will be closely watched by investors, analysts, and industry observers as a measure of its commitment to openness and accountability. FAQs Q1: Who is Thomas Braziel? Thomas Braziel is the CEO of 117 Partners, a crypto investment and advisory firm. He is known for his work in the distressed crypto asset space and for advocating for transparency in blockchain projects. Q2: What is the Manx Foundation? The Manx Foundation was the original legal entity established for the Cardano project on the Isle of Man during its 2015 ICO. It was dissolved in December 2025, and its responsibilities were assumed by the current Swiss-based Cardano Foundation. Q3: Is there any allegation of wrongdoing? No. Thomas Braziel has explicitly stated that he is not currently alleging any wrongdoing. His demand is for the Cardano Foundation to provide greater transparency regarding the governance and use of the 1,090 BTC it received. This post 117 Partners CEO Demands Cardano Foundation Disclose Use of 1,090 BTC From 2015 ICO first appeared on BitcoinWorld .
8 Jun 2026, 08:40
Crypto News, June 8: BTC USD Bouncing, Strategy Buys More Bitcoin, Hayes Denies LookOnChain Claims as ZachXBT Calls his Pn’D Scheme
BTC USD saw sharp volatility as it dipped below $63K, rebounded to $63.7K, then dumped again after fresh Iran-Israel strikes. Not helping the case, an 8% KOSPI crash triggered a circuit breaker in South Korea as the Asian stock market tumbled. Geopolitical tensions rattled global risk assets while crypto extended last week’s pain. The Crypto Fear & Greed Index fell to 8, an extreme fear condition, the worst sentiment since 2 months. Last week alone, crypto shed $390 billion in its worst performance since the FTX collapse, with BTC USD down 17% and ETH down 22%. BTC USD briefly tested sub-$60K levels before a weekend relief rally pushed it back to $63K. Geopolitical tension is also pushing oil higher as safe-haven flows into the dollar. Thus, BTC/USD took a hit amid fears of Japan’s BOJ’s moves. JAPAN MAY BE ABOUT TO TRIGGER ANOTHER CRYPTO CRASH. USD/JPY is back above 160 again. This is the same danger zone where Japan usually starts getting serious about defending the yen. And when Japan intervenes, the chain reaction is simple: Yen strengthens. Carry trade… pic.twitter.com/uLo7zuz6tW — Crypto Rover (@cryptorover) June 7, 2026 Discover: The best pre-launch token sales Strategy Hints More BTC USD Buys, Hayes Denies LookOnChain Claims, ZachXBT Cries Foul Michael Saylor posted Strategy’s signature Bitcoin accumulation chart with the caption “a good time to add more dots,” despite their unrealized losses. The firm’s CEO, Phuong Le, backs Saylor’s remark. “Rumors otherwise are just rumors.” Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors. https://t.co/pnFBE5Mxd4 — Phong Le (@phongle) June 7, 2026 Strategy continues executing its long-term plan even as public companies holding BTC as treasury assets lost $62 billion in combined market cap during the June rout. Bitcoin (BTC) 24h 7d 30d 1y All time At the same time, BitMEX co-founder Arthur Hayes denied LookOnChain reports that he rebought HYPE after a large wallet withdrawal was spotted. On-chain detective ZachXBT publicly called out Hayes for promoting then dumping HYPE, NEAR, ZEC, and WLD in quick succession, accusing him of creating exit liquidity for followers. Hayes brushed it off, saying he sells to willing buyers and shares trades openly. I didn’t buy shit. — Arthur Hayes (@CryptoHayes) June 8, 2026 The drama has fueled debates on Crypto Twitter about influencer transparency. ZachXBT also disputed separate Dubai scam claims while the timeline recapped Twitter’s drama as banks pushing onchain tokenized deposits. This happened after JPMorgan’s Dimon called Coinbase’s Armstrong full of shit. Another drama comes from Justin Sun’s HTX. The exchange delisted Trump-backed stablecoin USD1 after World Liberty Financial froze exchange-linked wallets. HTX converted user holdings to USDT at 1:1 and suspended related pairs, escalating a public feud tied to prior sanctions and asset freezes. JUSTIN SUN-LINKED HTX DELISTS TRUMP FAMILY'S USD1 HTX, a crypto exchange reportedly owned by Sun, has delisted $USD1 after claiming Trump's World Liberty Financial froze some of its on-chain addresses. HTX says it may pursue legal action if the freeze is not reversed. Sun… pic.twitter.com/E9fxOsJw2a — Coin Bureau (@coinbureau) June 8, 2026 Discover: The best crypto to diversify your portfolio with Senate Progress on Clarity Act Keeps Hope Alive Senator Cynthia Lummis declared victory after the Clarity Act passed the committee : “The floor is next. We did not come this far to quit at the 5-yard line.” Lawmakers now eye a full Senate vote before summer recess, though we see trimmed passage odds slashed to 60% as the clock ticks. However, extreme fear often precedes explosive recoveries. History shows Fear & Greed readings below 10 have frequently marked local bottoms before powerful BTC USD rallies. With corporate buyers like Strategy still committed and geopolitical noise likely to fade, the current washout could send crypto higher. Fear and Greed, Alternative On the bullish front, institutional adoption from major banks and clearer U.S. rules will drive capital back into Bitcoin and quality assets. The BTC USD dip may prove to be the final shakeout before summer strength returns. Extreme fear at 8 is not sustainable. Follow us here for more updates today. Discover: The best pre-launch token sales The post Crypto News, June 8: BTC USD Bouncing, Strategy Buys More Bitcoin, Hayes Denies LookOnChain Claims as ZachXBT Calls his Pn’D Scheme appeared first on Cryptonews .
6 Jun 2026, 14:00
XRP’s Decade Of Success: Analyst Says This Is When Price Will Touch $10-$20
Crypto analyst Crypto Patel has revealed when XRP could rally to between $10 and $20. This came as he commented on the token’s history following its 14th anniversary celebration, noting that it is one of the oldest crypto assets. Analyst Reveals When XRP Will Rally To Between $10 and $20 In an X post, Crypto Patel predicted that XRP would trade between $10 and $20 by its 20th anniversary in 2032. The analyst also touched on the token’s history, noting that the XRP Ledger (XRPL) went live on June 2, 2021. As such, it is one of the oldest coins still standing, older than Ethereum and almost every other altcoin trading. Related Reading: Why The Extreme FUD And Bearish Pressure Could Be Good News For The XRP Price Crypto Patel also touched on some misconceptions about XRP. First, he stated that there was no mining as all 100 billion tokens were created at the start. Furthermore, there was never an ICO for the token, and the analyst noted that this is the part the crowd gets wrong. Instead of a public token sale, he revealed that XRP was handed out through giveaways, partner deals, and private sales. As such, XRP doesn’t have an ICO price. The analyst also noted that XRP exchange trading began in August 2013, with the token trading at around $0.0058. In its first year, the token ranged between $0.005 and $0.01. XRP then rallied to an all-time high (ATH) near $3.84 in January 2018. It is worth noting that it is around this period that it recorded a parabolic rally of 1,400% in a few weeks. Analyst Points To The Crash After The SEC Lawsuit Crypto Patel also mentioned that XRP crashed following the SEC’s 2020 allegations that the token was a security. The token fell to $0.11 within two years, representing a 97% crash from its ATH at the time. However, the token rallied to a new ATH of $3.66 in July 2025 as the SEC and Ripple settled the lawsuit that had lasted for almost five years. Related Reading: If XRP Price Loses This Current Support, This Is How Low It Will Go The analyst remarked that XRP’s survival for this long is in itself an achievement, seeing as it went from half a cent to almost $4 and then through a multi-year SEC battle. Crypto Patel said that this achievement is the part that gets lost in the noise. He added that despite all that the token has been through, it is still trading just above $1, which represents around a 207x increase from its first exchange listing. XRP also currently stands out as one of the tokens with regulatory clarity, as Judge Analisa Torres ruled in the SEC lawsuit that it is not a security. At the time of writing, the XRP price is trading at around $1.09, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
