This weekend saw several significant events in the cryptocurrency sector, including financial disclosures, platform announcements, and criminal incidents.
Trump’s Crypto Earnings
Donald Trump reportedly earned over $57 million from his crypto initiative, World Liberty Financial (WLFI), launched with his sons before the 2024 elections. Critics have labeled the earnings "open corruption," pointing to the massive token sales that raised $550 million and drew in tens of thousands of investors.
Bybit Announces New DEX
Bybit is entering the decentralized finance space with Byreal, a new Solana-based DEX set to launch a testnet on June 30 and a mainnet in Q3 2025. CEO Ben Zhou explained that the platform combines centralized exchange liquidity with decentralized transparency.
Kidnapping Incident of a Crypto Trader
A disturbing incident in Northern France saw a 26-year-old TikTok crypto influencer kidnapped by four individuals demanding €50,000 in crypto. After being beaten and forced into a stolen vehicle, the victim persuaded his captors that he lacked the funds, leading to his release the next day. An investigation is underway by France’s Organized and Specialized Crime Division.
The weekend's events highlight the risks and achievements in the cryptocurrency sector, prompting users to remain especially cautious.
