<h4 class=
Entertainment

Bhooth Bangla makers react to unpaid dues allegations by vendors amid box office successIn a recent report, several vendors associated with the film alleged that their payments are still pending despite Bhooth Bangla's theatrical success. May 8, 2026

AI-powered platform Swaasa is using cough sound analysis through smartphones to help screen respiratory diseases such as COPD, asthma and pneumonia
Technology

AI-powered platform Swaasa is using cough sound analysis through smartphones to help screen respiratory diseases such as COPD, asthma and pneumonia. The technology aims to make lung disease detection faster, cheaper and more accessible, especially in areas with limited access to spirometry testing

<h4 class=
Latest News

Listicle: 10 animals who got talking parts and aced themThe new animated Animal Farm is out. Do its talking beasts measure up to our favourites? We’ve got donkeys, bears, pandas, centaurs, raccoons and more Published on: May 08, 2026 8:00 AM IST By Sneha Krishnan Share via Copy link Donkey from

Around 10.15 pm on Wednesday, Champa Chakraborty thought she heard the bang of a firecracker going off nearby. But moments later, the commotion that ensued
Politics

Around 10.15 pm on Wednesday, Champa Chakraborty thought she heard the bang of a firecracker going off nearby. But moments later, the commotion that ensued outside her hut made it clear that the sharp sound had signalled something more tragic. Two assailants had shot dead Chandranath Rath

<h4 class=
Entertainment

Shakti Kapoor reacts to death rumours, mulls legal action: ‘This is not good’On Thursday, Shakti Kapoor took to Instagram to share a video directly addressing his fans and followers while dismissing the rumours of his death. May 8, 2026, 07:45:19 IST By Sugandha Rawal Share via Copy link

Trump and sons' stake in crypto firm worth $5bn

Posted By: Pawan George Posted On: Sep 03, 2025Share Article
The crypto token backed by the Trump family has started publicly trading, giving the holdings owned by the US president and his sons a value of roughly $5bn (£3.7bn). The Trumps launched crypto firm World Liberty Financial in the middle of the presidential campaign last year, drawing questions about potential conflicts of interest as he became entangled in an industry he would be poised to regulate.

Trump and sons' stake in crypto firm worth $5bn

The crypto token backed by the Trump family has started publicly trading, giving the holdings owned by the US president and his sons a value of roughly $5bn (£3.7bn).

The Trumps launched crypto firm World Liberty Financial in the middle of the presidential campaign last year, drawing questions about potential conflicts of interest as he became entangled in an industry he would be poised to regulate.

The company raised money by selling its eponymous digital tokens to investors, who were initially barred from selling.

But investors voted in July to allow early purchasers, not including founders like Trump family, to sell up to 20% of their holdings of the coin, which trades as WLFI.

As of Tuesday, WLFI was trading at around $0.22 on exchanges such as Binance and Coinbase, after sinking roughly 50% since the start of trading on Monday.

While the fall indicates tepid demand, the coin is still trading at a higher price than what many early buyers would have paid initially, putting them in line for profit.

We're setting a new standard for financial freedom; built on trust, speed, and U.S. values," Eric Trump wrote on social media. "This is a huge moment for the future of money!

According to financial disclosures, Trump himself holds roughly 15.75 billion WLFI tokens worth more than $3.4bn, making crypto the most significant source of his fortune.

The Trumps overall control just under a quarter of the roughly 100 billion WLFI coins that it created last year, giving them claim to holdings worth roughly $5bn, as of Tuesday's prices.

Trump and his sons also get a cut of the revenues generated by coin sales, an arrangement that has already helped to bring in more than $500m, according to Reuters calculations.

That revenue got a boost last month after World Liberty Financial joined forces with another publicly traded firm that had raised $750m from investors to buy the cryptocurrency, a deal that puts World Liberty Financial in the unusual position of being both buyer and seller of the WLFI token.

Democrats have consistently raised alarm about Trump's crypto dealings, arguing that World Liberty Financial and other coins he has backed are vehicles for corruption, conflict of interest and grift.

The Trump administration has just as consistently dismissed the criticism, even as the president has dramatically shifted the government's posture toward the industry.

White House press secretary Karoline Leavitt said the administration's policies were "driving innovation and economic opportunity for all Americans".

The media's continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public's distrust in what they read," Ms Leavitt said in a statement. "Neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest.

Token offerings, like the one from World Liberty Financial, faced intense scrutiny under the Biden administration, which argued that they were essentially a kind of stock sale and subject to existing rules governing publicly traded companies on issues such as conflicts of interest and disclosure.

Trump, who said during the campaign he wanted to make the US the "crypto capital of the world", had vowed a more hands-off approach.

Last month, the Department of Justice disbanded its task force focused on crypto crimes.

Financial regulators have also explicitly disavowed the Biden administration's guidance on securities.

"Despite what the SEC has said in the past, most crypto assets are not securities," his top financial regulator Paul Atkins, the head of the Securities and Exchange Commission, said in a speech in July.

We need a regulatory framework for crypto asset securities that allows these products to flourish within American markets.

Comment on Post

Leave a comment

If you have a News Orbit 360 user account, your address will be used to display your profile picture.


If you have been holding off on upgrading your laptop then the wait is finally over because the prices for the latest MacBook Neo just dropped to ₹65,990
Technology
MacBook prices just dropped

If you have been holding off on upgrading your laptop then the wait is finally over because the prices for the latest MacBook Neo just dropped to ₹65,990. That's not it, you can get additional discount on this price. There are more MacBook models which are seeing this price drop and we are not

3 hours ago

<h4 class=
Sports
Valverde slams Tchouameni fight rumours

Federico Valverde slams Tchouameni fight rumours, reveals truth behind head injury as Real Madrid crisis deepensAccording to reports, Real Madrid manager Alvaro Arbeloa held an emergency crisis meeting after the incident. Published on: May 08

3 hours ago

Maharashtra State Board of Secondary and Higher Secondary Education will release the results of the Maharashtra SSC or Class 10 examinations 2026 on Friday
Education
When will MSBSHSE release Class 10 scorecards on mahahsscboard

Maharashtra State Board of Secondary and Higher Secondary Education will release the results of the Maharashtra SSC or Class 10 examinations 2026 on Friday, May 8, 2026. Students who appeared for the Secondary School Certificate examinations this year can check and download their scorecards from

3 hours ago

When governments run short of money, they often reach for the tax that is easiest to collect instead of the one that is fairest. In Bangladesh
Business
Instead of uniform VAT

When governments run short of money, they often reach for the tax that is easiest to collect instead of the one that is fairest. In Bangladesh, that instinct is visible again in the renewed push for a uniform 15% value-added tax across sectors and the possible return of package VAT for small

3 hours ago

During this period, strong winds may blow at speeds of 50 to 70 km/h. According to the IMD, cities like Lucknow, Kanpur, Varanasi
Latest News
Kerala, Delhi, UP to witness downpour today

During this period, strong winds may blow at speeds of 50 to 70 km/h. According to the IMD, cities like Lucknow, Kanpur, Varanasi, and Meerut are likely to witness cloudy skies and light drizzle in the evening. New Delhi: Uttar Pradesh, New Delhi, Tamil Nadu, Kerala

3 hours ago

On a Tokyo street corner, in the pouring rain, a swelling crowd gathered with drenched placards and sodden flags. On one of them was written just two words
World
Anti-war protests rock Japan as PM pushes for stronger defence

On a Tokyo street corner, in the pouring rain, a swelling crowd gathered with drenched placards and sodden flags. On one of them was written just two words, in big bold Japanese kanji characters: "No War". It's a sentiment that is gaining more and more volume in Japan

3 hours ago

About 2,300 North Korean soldiers have died fighting for Russia against Ukraine, according to a BBC investigation based on satellite images and official photos
World
Thousands of North Koreans fought for Russia

About 2,300 North Korean soldiers have died fighting for Russia against Ukraine, according to a BBC investigation based on satellite images and official photos of a new memorial in Pyongyang. South Korea estimates at least 11,000 North Koreans were sent to Russia to help recapture parts of western

3 hours ago

President Donald Trump has threatened
Business
Trump gives EU ultimatum deadline to approve trade deal with US

President Donald Trump has threatened "much higher" tariffs on the European Union (EU) by 4 July if the bloc fails to drop its levies on the US to zero. After a phone call with European Commission President Ursula von der Leyen, Trump said he agreed to give her until "our Country's 250th Birthday

3 hours ago

India on Thursday said that New Delhi expects Dhaka to expedite the process of verifying the nationality of undocumented Bangladesh migrants so that they could
World
India expects Dhaka to expedite nationality verification to repatriate ‘illegal Bangladeshis’

India on Thursday said that New Delhi expects Dhaka to expedite the process of verifying the nationality of undocumented Bangladesh migrants so that they could be repatriated “in a smooth manner”. During the weekly press briefing, Ministry of External Affairs Spokesperson Randhir Jaiswal also

3 hours ago

<h4 class=
Latest News
Bengaluru auto driver spots passenger admiring flowers

‘Such a gentleman’: Bengaluru auto driver notices passenger admiring flowers, surprises her with a bunchA Bengaluru woman shared how an auto driver plucked flowers from another rickshaw and gifted them to her. Updated on: May 07, 2026 10:07 PM IST By Mahipal Singh Chouhan Share via Copy link A

3 hours ago

Congress MLAs in Thiruvananthapuram have passed a resolution. They have authorized the AICC leadership to select the new chief minister
Politics
CLP meet leaves decision on CM to high command

Congress MLAs in Thiruvananthapuram have passed a resolution. They have authorized the AICC leadership to select the new chief minister. Observers met MLAs individually to gauge preferences. A report will be sent to the party leadership. An announcement on the new CM is expected soon

3 hours ago

FIFA faces challenges selling 2026 World Cup media rights in India, with expected valuations significantly lower than initial projections
Sports
FIFA may have to bend its expectations for media deals in India

FIFA faces challenges selling 2026 World Cup media rights in India, with expected valuations significantly lower than initial projections. Industry experts have advised recalibrating expectations to the subdued local market, as broadcasters are cautious after aggressive cricket spending and a weak

3 hours ago

<h4 class=
Horoscope
Love Horoscope Today for May 8

Love Horoscope Today for May 8, 2026: Someone's actions may reveal more than their words, trust what you seeLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 08, 2026 7:32 AM IST By Kishori Sud Share via Copy link Aries Love Energy: Sacred commitment and

3 hours ago

<h4 class=
Sports
Why Aaron Rodgers to Cardinals was just a rumor

Why Aaron Rodgers to Cardinals was just a rumor, nothing moreThe Arizona Cardinals' pursuit of Aaron Rodgers is over as he is likely to remain with the Pittsburgh Steelers. Published on: May 08, 2026 6:43 AM IST By HT Global Sports Desk Share via Copy link The dream of acquiring Aaron Rodgers by

3 hours ago

President Donald Trump has set a July 4 deadline for the European Union to fulfill trade deal promises. Failure to comply will result in significantly higher
World
Trump sets July 4 deadline for EU to comply with trade deal or face

President Donald Trump has set a July 4 deadline for the European Union to fulfill trade deal promises. Failure to comply will result in significantly higher tariffs on EU products, including cars. European Commission President Ursula von der Leyen confirmed discussions and commitment to the deal's

3 hours ago

Tamil Nadu's unique fan culture, embodied by 'rasigar mandrams,' has proven to be a powerful force in politics, mirroring the impact of MGR. Vijay's fan club
Politics
Politics of rasigar mandrams in Tamil Nadu from MGR to Vijay

Tamil Nadu's unique fan culture, embodied by 'rasigar mandrams,' has proven to be a powerful force in politics, mirroring the impact of MGR. Vijay's fan club, which evolved into TVK, successfully mobilized grassroots support, demonstrating the enduring influence of these organizations in launching

3 hours ago

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.<h4 class=
Technology
Amazon Summer Sale opens early for Prime members with deals on 1

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Summer Sale opens early for Prime members with deals on 1.5 ton split ACs from LG, Daikin and morePrime members can now unlock early Amazon Summer Sale deals on 1

3 hours ago

Paris Saint-Germain's Champions League journey showcases a new era of collective strength. Luis Enrique's team thrives on structure and sacrifice
Sports
Steel and stardust carry PSG to second straight Champions League final

Paris Saint-Germain's Champions League journey showcases a new era of collective strength. Luis Enrique's team thrives on structure and sacrifice. Ousmane Dembele and Khvicha Kvaratskhelia are emerging as key figures. Their recent victory against Bayern Munich highlights their elite status

3 hours ago

Oil prices rise on Friday in Asia after the US and Iran exchanged fire in the key Strait of Hormuz waterway. The US military said it intercepted what it called
Business
Oil prices rise after US and Iran exchange fire in Hormuz strait

Oil prices rise on Friday in Asia after the US and Iran exchanged fire in the key Strait of Hormuz waterway. The US military said it intercepted what it called "unprovoked" Iranian attacks - including missiles, drones and small boats - and carried out self‑defence strikes as its ships were

3 hours ago

America has imposed sanctions on Iraq's deputy oil minister and certain militias. These actions are due to their alleged support for Iran
World
US targets ​Iraq's deputy oil minister and militias with sanctions for aiding Iran

America has imposed sanctions on Iraq's deputy oil minister and certain militias. These actions are due to their alleged support for Iran. The deputy minister is accused of misusing his position to help Iran and its allied groups. This move comes as the U.S

3 hours ago

Reserve bank has introduced major overhaul in the forex market. The central bank has raised the bar for entry and tightened oversight
Latest News
RBI tightens forex rules

Reserve bank has introduced major overhaul in the forex market. The central bank has raised the bar for entry and tightened oversight. New Delhi: The Reserve Bank of India has released its notification on Foreign Exchange Management (Authorised Persons) Regulations, 2026

3 hours ago

The Union Cabinet, led by Prime Minister Narendra Modi, has approved increasing the Supreme Court’s sanctioned judges from 33 to 37
Latest News
Centre Approves Increase in Supreme Court Judges from 33 to 37

The Union Cabinet, led by Prime Minister Narendra Modi, has approved increasing the Supreme Court’s sanctioned judges from 33 to 37, excluding the Chief Justice. New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a proposal to increase the sanctioned strength of

3 hours ago

<strong>Stock market today, 8 May 2026: </strong>Driven by a sharp cooling in crude oil prices amid optimism surrounding a potential US–Iran
Latest News
Gift Nifty hints gap-down start as oil prices rise

Stock market today, 8 May 2026: Driven by a sharp cooling in crude oil prices amid optimism surrounding a potential US–Iran peace agreement, the key benchmark indices of the Indian stock market remained volatile and ended flat on Thursday. The Nifty 50 index ended marginally lower at 24,326

3 hours ago

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.<h4 class=
Technology
Amazon Great Summer Sale 2026 goes live with discounts on gadgets and appliances

Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Great Summer Sale 2026 goes live with discounts across top electronics, gadgets and appliancesAmazon Great Summer Sale 2026 is now live with deals on ACs, refrigerators, laptops

3 hours ago

<h4 class=
Latest News
Cloudflare lays off 1

Cloudflare lays off 1,100 employees to prepare for ‘agentic AI era’, claims it’s not cost-cutting exercise. Read memoCloudflare is laying off more than 1,100 employees to prepare for the “agentic AI era”. Updated on: May 08, 2026 7:01 AM IST By Sanya Jain Share via Copy link Cloudflare is

3 hours ago

<strong>Sugar-free products with sugar. ‘Real’ juices with artificial ingredients. Misleading food ads are fuelling a public health crisis in India
Politics
India responds to Dhaka’s comments on ‘push backs’

Sugar-free products with sugar. ‘Real’ juices with artificial ingredients. Misleading food ads are fuelling a public health crisis in India. Help Scroll expose the systemic failure. Support our investigation.Sugar-free products with sugar. ‘Real’ juices with artificial ingredients

3 hours ago

Suspected Myanmar-based Kuki militants allegedly attacked Naga villages in Manipur’s Kamjong district on Thursday, The Hindu reported
Latest News
Suspected Myanmar-based Kuki militants allegedly attack Naga villages in Kamjong

Suspected Myanmar-based Kuki militants allegedly attacked Naga villages in Manipur’s Kamjong district on Thursday, The Hindu reported. Kamjong borders Myanmar. The Tangkhul Nagas are the dominant community in the district. Around 100 heavily armed men attacked three villages – Choro

3 hours ago


Sing Up