Crypto
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Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings
President Donald Trump has raked in hundreds of millions of dollars from his signature cryptocurrency while his supporters have largely been left holding the bag, according to a report. Of the 1.48 million wallets that bought the $TRUMP memecoin since it launched just three days before Trump’s second inauguration last year, about 66%, or 988,905…
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Strategy sheds $216 million in Bitcoin in crypto hoarder’s largest sale ever
The world’s foremost Bitcoin hoarder has made its biggest crypto sale yet. Strategy announced on Monday morning that it sold $216 million worth of Bitcoin over the past week. The sale is the company’s largest liquidation of crypto in its six-year history of accumulating Bitcoin on its balance sheet, according to Strategy’s catalog of its…
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‘We are in a new era’: Trump’s bombshell $2.2 billion income haul, the ‘Big Player Theory’ and what happens when the president becomes the bubble
President Trump made big news this week by revealing how much income he’s personally made in his second term. The total number is $2.2 billion in 2025, according to White House disclosures, with roughly $1.4 billion of it coming from crypto assets. The unusual thing, several top economists, legal scholars and corporate governance experts told…
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Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut
Another crypto company has hit the public markets. Securitize, the BlackRock-backed firm that specializes in tokenization, or putting financial assets like stocks in blockchain wrappers, debuted Thursday on the New York Stock Exchange. Shares fell below their IPO price in pre-market trading but are up nearly 3% since markets opened. The tokenization specialist raised $400…
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Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies
Good morning. For CFOs across banks, payments companies, and nonbank lenders, Open Standard’s launch of Open USD, a new stablecoin for global money movement, deserves more than a cursory glance at yet another stablecoin brand. With more than 140 financial institutions, payment networks, and technology partners—including Visa, Mastercard, American Express, Stripe, BlackRock, Citizens Bank, and…
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Inside Trump’s $1.4 billion crypto empire: altcoins, Bitcoin—and a stake in Michael Saylor’s Strategy
President Donald Trump is officially a crypto billionaire, with proceeds from his memecoin and family crypto company accounting for the bulk of his digital assets fortune. But the commander-in–chief has also shown an appetite for blockchain-related stocks and more exotic cryptocurrencies, according to a filing from the Office of Government Ethics released on Tuesday. Trump’s…
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Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
A consortium of financial giants are taking aim at the top two stablecoin issuers. On Tuesday, Open Standard, a company that says it’s partnered with Stripe, Visa, BlackRock and over 140 other businesses, announced that it will launch a new stablecoin called Open USD, or OUSD. The two largest stablecoin issuers, Tether and Circle, are…
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What the world learned from the American century: The global wealth pyramid turns into a fat diamond spinning top
Henry Luce, who founded Fortune in 1929 and its sister publication Life seven years later, used the pages of the latter in February 1941 to issue one of the most consequential editorial arguments in American journalism. He called it “The American Century.” The promise of a “more abundant life,” Luce wrote, of “adequate production for…
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Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in Bitcoin to build its cash reserves, cover investor payouts, and fund stock buybacks to avoid issuing more equity. The new policy is an about-face for…
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Bitcoin down 20% since May as Strategy fallout spooks investors
Bitcoin is tanking. Despite a modest rebound in the past day, the price of the world’s largest cryptocurrency is down about 5% over the past week and 20% since May, according to data from CoinGecko. Ethereum, the world’s second-largest cryptocurrency, has seen comparable declines, and the total crypto market capitalization has dropped 36% in a…