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Trump
2026-08-28 15:34:00

Trump-Linked Crypto Products Have Led to at Least $4.7B in Paper Losses, Report Finds

Public Citizen, a U.S. nonprofit consumer advocacy group, has published a report estimating that five categories of Trump-related crypto products have left investors with at least $4.7 billion in paper losses, most of them unrealized. The figures include roughly $3.2 billion from the TRUMP meme coin, at least $1 billion from the WLFI governance token, about $450 million from the Trump Media digital-asset treasury, and at least $9.3 million from Trump digital trading card NFTs. USD1 stablecoin losses were not counted. Public Citizen said the TRUMP meme coin losses mostly reflect wealth moving to a small group of early buyers, not value disappearing. The report cites Trump's June 2026 financial disclosure showing he made at least $1.4 billion from crypto businesses in 2025. The White House has previously said the president and his family have never been and will never be involved in a conflict of interest. The report was released Aug. 28, according to PANews.

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Trump-Linked Crypto Products Have Led to at Least $4.7B in Paper Losses, Report Finds
FOMO
2026-08-24 12:08:53

FOMO Denies iOS App Hack as Trader Claims $6 Million in Crypto Losses

Protos reports that a trader accused a FOMO iOS app update of causing about $6 million in crypto losses, citing a case involving 662 SOL worth about $62,000. FOMO co-founder Prashan Dharmasena rejected the claim and said the account in question never signed a transaction through FOMO’s fee payer. The original allegation came from the X account Derivatives_Ape, while the transaction itself appears to be real on Solana. Dharmasena repeated the denial to at least two other accusers. FOMO also pointed to its self-custodial design and its security documentation, which says the app cannot access, move or freeze user funds. The company’s iOS app remained live in Apple’s App Store at the time of writing.

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FOMO Denies iOS App Hack as Trader Claims $6 Million in Crypto Losses
BlackRock
2026-08-13 03:37:45

BlackRock’s BITA booked $344,849 in options income, offsetting only about 28.7% of crypto losses

BlackRock’s iShares Bitcoin Premium Income ETF, or BITA, generated $344,849 from selling options during its first operating period, according to the cited disclosure. That total included $79,100 in realized gains and $265,800 in unrealized appreciation. The fund holds both Bitcoin and the iShares Bitcoin Trust ETF (IBIT), tying its income strategy to direct crypto-related exposure. As of June 30, 2026, BITA was carrying unrealized losses of $782,200 on its Bitcoin holdings and $417,600 on its IBIT position, for a combined unrealized loss of $1.1998 million. Against that backdrop, the fund’s realized and unrealized options gains covered only about 28.7% of those losses. The filing also showed a net investment loss of $5,337. Taken together, operating activity reduced the fund’s net assets by $860,335. Over the same period, Bitcoin fell 4.43% and IBIT declined 4.75% from BITA’s initial related-asset purchases on June 9 through quarter-end. From BITA’s public trading debut on June 12 to June 30, the fund posted a total return of -5.61%.

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BlackRock’s BITA booked $344,849 in options income, offsetting only about 28.7% of crypto losses