Daily news roundup: PURR token rallies on Hyperliquid treasury update, Dunamu-Visa stablecoin partnership announced, California meme coin regulatory bill advances, Moonwell investigates Base lending issue, and Trump-linked crypto ventures report $4.7B investor losses.
DeFi & Yields ·
Crypto ventures connected to Donald Trump and his family have resulted in at least $4.7 billion in investor losses since 2022, according to a report by Public Citizen cited by CoinPost, with most losses remaining unrealized. The TRUMP token accounted for approximately $3.2 billion of the total, affecting roughly 1 million of the 1.6 million Solana wallet holders who purchased it at a loss, while ventures including NFT trading cards, WLFI, USD1, and Trump Media's cryptocurrency holdings generated additional losses estimated at $1 billion and $450 million respectively. Trump reported receiving at least $1.4 billion in income from associated crypto businesses in his 2025 financial disclosure.