Trump made more than $1bn from crypto in first year back in office
President Donald Trump earned more than $1.4 billion (£1.05 billion) last year through cryptocurrency-related business activities, according to his mandatory financial disclosure report.
In a 927-page filing, he reported $635 million in royalties from an entity called Celebration Coins, believed to be linked to the $TRUMP meme coin he launched days before taking office, which has since lost significant value. He also reported more than $500 million in income from World Liberty Financial, a cryptocurrency company founded by his sons and the children of his special envoy, Steve Witkoff.
The White House rejected suggestions that he was profiting from the presidency; Trump said that "everybody" was benefiting from rising stock markets and that he does not involve himself in his personal finances.
His total crypto-related earnings for the disclosure period reached $1,430,390,415. Overall, Trump's total income last year was at least $2.2 billion, substantially higher than the more than $600 million he reported for 2024.
Binance and founder sued by crypto investors in London lawsuit
Binance, the world's largest cryptocurrency exchange, is facing a lawsuit from nearly 1,700 UK investors who allege the company offered high-risk derivative products to retail traders without authorization from the UK's financial regulator.
The claim, filed at the UK High Court on Monday by 1,692 investors, names Binance and its billionaire co-founder Changpeng Zhao as defendants.
The claimants allege that in late 2019 and 2020, the exchange sold products it was not authorized to sell under the UK's Financial Services and Markets Act. Lawyers representing the claimants say they are seeking damages of up to £150 million.
The lawsuit adds to a series of legal challenges and regulatory problems Binance has faced in multiple countries over the years. UK authorities have banned the exchange since 2021.
Google ordered to pay Klarna $2bn antitrust damages
A Swedish court has ordered Google to pay Klarna nearly $2 billion in damages for lost revenue from the fintech's price comparison service, PriceRunner, after determining that the search engine gave preferential treatment to its own comparison service.
The payout, which includes nearly $500 million in accrued interest, is the largest ever granted in a Swedish antitrust case. However, it falls short of the roughly $8 billion in compensation Klarna had sought, according to the court.
The case concerns Google's conduct in the UK, Swedish, and Danish markets for PriceRunner between 2008 and 2023; PriceRunner had argued that Google favored its own price comparison service over competitors in search results.
Klarna, a Swedish fintech that primarily offers short-term, interest-free loans, acquired PriceRunner in 2022 to build a shopping app and drive traffic to retailers. Klarna generates revenue from its interest-free loans by charging retailers fees.
