Activity tagged "Donald Trump"

Posted:

Absolute chaos. After my scoop about the upcoming launch of a Trump Wallet by Magic Eden, in cooperation with the $TRUMP memecoin team, Magic Eden pushed out their announcement. Both Eric and Don Jr then repudiated the project, stating they had no prior knowledge.

Magic Eden says claims the wallet is the “Official Trump Wallet” created in collaboration with the Trump memecoin team. Trump memecoin team is Fight Fight Fight LLC (Bill Zanker), though the Trump Organization-affiliated CIC Digital also holds a substantial quantity of tokens.

However, now Eric and Don Jr are saying the Trump Org had no knowledge of this deal between the TRUMP memecoin project and Magic Eden. No statement yet from the memecoin project or from President Trump.

Magic Eden is a relatively big player in the crypto world, so this is not a case of some nobody creating a fake project pretending to be an official Trump-affiliated app.

Published an issue of Citation Needed:

Trump to launch branded crypto trading application

A stylized illustration of President Trump pumping his fist, next to a mockup showing a crypto trading application with the $TRUMP token, BTC, SOL, and $ME

New crypto trading and wallet application, created in partnership with Magic Eden, invites fans of President Trump to buy his memecoin

Published an issue of Citation Needed:

Issue 83 – Trump’s crypto-backed plan to auction off access to the White House

Collage of Senator Elizabeth Warren speaking into a bullhorn, and Senator Richard Blumenthal speaking into a microphone

Trump’s crypto conflicts continue to multiply as Democratic legislators demand ethics inquiries and block industry-backed bills.

Published an issue of Citation Needed:

Meet Trump’s memecoin dinner guests

Trump's crypto-for-access dinner triggers broad ethics alarms, and 73% non-US attendance raises fresh concerns over foreign influence

Posted:

A trader bought 6,000 $TRUMP on April 21, two days before the announcement that top holders would be invited to dinner with the president. They sold it a few hours after the announcement two days later caused the token price to go up, earning $33k on the trade. Impressive timing!

Solscan screenshot showing the trader purchased 6,041.52 TRUMP for $51,051.35 in USDT on April 21

Solscan screenshot showing the trader sold 6,041.52 TRUMP for $84,087.42 in USDT on April 21

They had traded the Trump token a bit for the first few days after it launched in January, then apparently lost interest until suddenly rediscovering it on April 21.

At the moment they still hold 9,130 TRUMP, so as of now they’ll be joining Trump at the dinner in a few weeks.

They regularly transfer funds from Bybit, suggesting they are not based in the US.

Read:

“Trump's Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen”.

Joel Khalili in Wired. Published May 1, 2025.

The largest investors in Donald Trump's crypto coin have been promised a private audience with the president. The arrangement could put Trump at odds with the Constitution and add fuel to calls for his impeachment, experts say.

Read:

“Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump's Crypto Firm”.

Eric Lipton, David Yaffe-Bellany, and Ben Protess in The New York Times. Published April 29, 2025.

World Liberty Financial has eviscerated the boundary between private enterprise and government policy in ways without precedent in modern American history.

Posted:

Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.

Solscan screenshot showing four purchases of a total of 655K TRUMP tokens for approximately $8 million

The purchases were funded by a Binance account, suggesting the wallet owner is not based in the US.

Published an issue of Citation Needed:

Trump’s newest grift: Building a cryptocurrency empire while destroying its regulators

Trump sitting in a chair atop a large pile of coins

Inside the Trump family’s sprawling crypto empire — from memecoins to mining — and how Trump is using presidential power to dismantle the regulators who could stop it

Posted:

Trump’s Trump Media & Technology Group has just asked the US Securities and Exchange Commission to investigate and potentially pursue civil and criminal action against a short seller

To: Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission
From: Trump Media & Technology Group

Date: April 17, 2025
Subject: Potential Illegal Naked Short Selling and Market Manipulation of DJT Stock

CC: Financial Industry Regulatory Authority (FINRA); Nasdaq; New York Stock Exchange

This letter serves to inform you of suspicious activity related to a disclosure filed in Germany by the U.K.-based hedge fund Qube Research & Technologies ("Qube"). The following data points raise critical questions about the timing and methods used in Qube's trading activities:

On April 10, 2025, Qube disclosed a nearly six-million share short position in Trump Media & Technology Group Corp ("TMTG") (NASDAQ, NYSE Texas: DJT). Thus, a U.K.-based entity, with a data center in Iceland, only disclosed these short sales in Germany.
According to Nasdaq, the total short interest in DJT as of March 31, 2025, was 10.7 million shares (see attached chart). Third party sources inform TMTG that the total short interest as of April 16, 2025, is virtually unchanged-approximately 11 million shares.
Neither Nasdaq, NYSE Texas, nor any other source has been able to confirm when the trades disclosed by Qube were conducted or if they were conducted at all.
The above factors, especially when combined with the history of suspicious trading surrounding DJT stock-including DJT appearing on Nasdaq's Regulation SHO Threshold Security List continuously for more than two months in 2024-could be indications of the illegal naked short selling of DJT shares.

We urge you to immediately investigate this suspicious trading and report your findings back to TMTG and any relevant civil and criminal authorities. American equities exchanges should be operated with full transparency and maximum efficiency, not as an opaque free-for-all reminiscent of a third-world casino.

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