Latest news with #MagicEden
Yahoo
11-06-2025
- Business
- Yahoo
Trump family disown debut of crypto wallet: ‘I know nothing about this project!'
A splashy website featuring an illustration of Donald Trump, looking buff and pumping his fist in the air, appeared online on Tuesday. The image is the logo of one of Trump's digital currencies, and the website claims to be the 'Official $Trump Wallet', hawking a product that would allow customers to buy and sell cryptocurrencies, primarily the president's own. The website prominently features the name of Trump's coin, $Trump, and invites people to join the waitlist to use the digital wallet. It was first noticed by the crypto newsletter Citation Needed. Magic Eden, an established cryptocurrency marketplace, said on the website that it had partnered with Trump's official digital coin team to create the wallet. The Twitter/X account for one of Trump's cryptocurrencies promoted the wallet product as well. 'The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community! reads a tweet from @TrumpMeme. Though the announcements bear the markers of legitimacy and official involvement, Trump's sons have called foul. 'The Trump Organization has zero involvement with this wallet product,' Donald Trump Jr quickly posted to the social media site X on Tuesday. Shortly after, Eric Trump posted: 'I run @Trump and I know nothing about this project!' Even Barron Trump chimed in saying: 'To be clear, our family has zero involvement with this wallet.' Trump Jr added that he had been 'working tirelessly' on launching an official wallet with another of the family's crypto businesses, World Liberty Financial, which Trump and his sons created last year. The cryptocurrency industry is known for frauds, scams and infighting. The latest spat between Magic Eden and World Liberty Financial appears to stem from a conflict between Trump's sons and Bill Zanker, who is a longtime business partner of Trump. Zanker runs the business that issued $Trump, Fight Fight Fight LLC, which is separate from the Trump Organization and World Liberty. The Trump Organization also owns a firm called CIC Digital, which, along with Fight Fight Fight, oversees and profits from the trade of the cryptocurrency while owning 80% of the coin's reserves, on paper worth about $2bn. On X, Magic Eden and Zanker's company both said the crypto wallet announced on Tuesday was indeed affiliated with Trump and powered by Magic Eden. Eric Trump maintained this was wrong. Later on Tuesday, he issued a warning on X: 'This project is not authorized by @Trump,' he wrote. '@MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.' Related: Top Democrat demands answers on Trump's major crypto investors Over the past several months, Trump's family and business partners have debuted a web of crypto business and digital currencies – those include a memecoin with the image of Trump pumping his fist, and a stablecoin that is designed to maintain a constant value of $1. Melania Trump even presented her own memecoin. In his first term, Trump was adamantly opposed to cryptocurrency, but has since performed an about-face. He has embraced the volatile industry, becoming the first major candidate to accept donations in cryptocurrency, speaking at a major crypto conference on the campaign trail. Trump has hosted industry leaders at the White House, and wined and dined the top holders of his cryptocurrency at his private golf club outside Washington DC. Trump's administration has also named the tech investor David Sacks his 'crypto czar', rolled back regulations on digital assets and halted a series of federal investigations into cryptocurrency firms. The White House, Magic Eden and Zanker did not return requests for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
07-06-2025
- Business
- Associated Press
TakeOver Successfully Hosts Second Annual BitGala Celebrating Bitcoin in Las Vegas
LAS VEGAS, NV, May 26, 2025 - TakeOver , Magic Eden , Spark , and Stacks successfully hosted their second annual BitGala on May 26th at the Wynn in Las Vegas. The celebration brought together over 200 Bitcoin industry leaders and community members for an evening dedicated to celebrating Bitcoin. The BitGala was designed as a curated gathering focused on inspiring continued development, education, and adoption while reflecting on the strides Bitcoin has made toward a future of open, decentralized money. The event successfully brought together key leaders, creating meaningful opportunities for collaboration and strategic partnerships within the Bitcoin space. 'BitGala celebrates our partnership with Spark, marketing a major leap forward for Bitcoin DeFi,' said Elizabeth Olson, Head of Marketing for Bitcoin at Magic Eden. ' As the #1 Bitcoin app, Magic Eden has spent the past few years pushing Bitcoin L1 to its limits, always with the goal of making Bitcoin more usable, fast, and fun without compromising its core ethos. We believe Spark has the potential to unlock a new era of building on Bitcoin, and we're thrilled to be leading that charge together.' 'The BitGala was a stunning celebration of Bitcoin culture where luxury meets the cypherpunk spirit. We're proving that Bitcoin isn't just a protocol, it's a movement connecting freedom-minded people from art, fashion, finance, and more. To us, it was a pure signal that people are starting to see what Stacks has been building all along: a future where Bitcoin isn't just held, but used for apps, defi, and real ownership.' - Rena Shah, COO of Stacks. Set against the backdrop of the Sphere, the evening brought together innovators, investors, and community leaders for a night dedicated to celebrating Bitcoin's growth and the people driving its future. The program opened with a welcome reception, followed by gourmet hors d'oeuvres and vibrant conversations. A keynote and honors segment recognized those making meaningful strides in Bitcoin adoption and development. Guests were then invited to explore a premium tequila tasting experience curated by Reach, and indulge in interactive gourmet chef stations. 'Our team has been fortunate to be part of the Bitcoin community since 2016, so we're thrilled to see all the progress on display almost 10 years later at Bitcoin 2025. The energy in the room at BitGala was electric—from conversations sparking new partnerships to shared reflections on what's next for Bitcoin—it was a powerful reminder of why we're all here: to build an open, decentralized financial system that empowers everyone.' noted Kelley Weaver, Founder and CEO, Melrose PR and Founder, Bitwire. This unforgettable gathering—hosted in partnership with leading organizations including Magic Eden, Spark, and Stacks—was more than a celebration. It was a call to continue pushing forward innovation, education, and adoption in the Bitcoin ecosystem. BitGala was made possible through the generous support of key sponsors and partners who share Takeover's commitment to fostering connections in the web3 space. 'We're focused on making Bitcoin more useful for everyone, and events like this remind us that we're not alone in that mission. It was inspiring to connect with others who share the vision of a more open, decentralized financial future powered by Bitcoin.' - Spark Team Presenting Sponsors: Supporting Partners: The collaborative support from these organizations was instrumental in delivering a memorable event for all attendees. Actor and comedian T.J. Miller was also a speaker at the event: 'The bitcoin conference 2025 was incredible for so many reasons. It was such a joyful journey to be with so many like-minded people (all of whom have been laughed at) who share the same values: freedom, community, hope, and getting rich- the highpoint was the BitGala. I bought incredibly large expensive shoes for the specific purpose of showing up to the gala non-verbally saying bitcoin destroying Fiat, well that's big shoes to fill… and we'll fill 'em. I can't wait to return next year. I will wear more orange.' About TakeOver TakeOver is the experiential agency at the forefront of culture and innovation in the crypto space, known for curating powerful moments that educate, connect, and inspire. With a global Bitcoin Dinner Series and their annual flagship event, BitGala, they've become a cornerstone of community-building in Web3. Last year, they made headlines with a dramatic takeover of Nashville's Parthenon—setting the bar for what crypto gatherings can be. About Magic Eden Magic Eden is the easiest platform to trade all digital assets onchain. As the #1 Bitcoin app and largest NFT marketplace, we provide a seamless trading experience to everyone. Magic Eden's acquisition of Slingshot has expanded their capabilities to offer frictionless trading of over 5,000,000 tokens across all major chains. Magic Eden's expanded product suite includes a cross-chain wallet, powerful trading tools, and the ability to mint, collect, and seamlessly trade NFTs and tokens.
The Hill
06-06-2025
- Business
- The Hill
World Liberty Financial to invest in Trump meme coin following crypto wallet dispute
World Liberty Financial, a crypto venture launched by President Trump and his sons, plans to invest in the president's meme coin, seemingly resolving a dispute between the two crypto firms tied to the Trump family. Eric Trump — who helps run World Liberty Financial alongside Donald Trump Jr. — announced Friday that the $TRUMP token had 'aligned' with the company and would no longer being moving forward with a crypto wallet, which had caused the rift between the two firms. 'Although their meme wallet isn't moving forward, they remain focused on building the most exciting MEME on earth – $Trump,' Eric Trump wrote in a post on X. 'Moreover, we're proud to announce that World Liberty Financial plans to acquire a substantial position in $TRUMP for their Long-Term Treasury,' he continued. 'We share a bigger vision for crypto, patriotism, and long-term success. Stay tuned for more to come!' The team behind the meme coin initially announced Tuesday that they were launching a crypto wallet alongside Magic Eden, a nonfungible token (NFT) marketplace. However, the announcement sparked confusion as the president's sons denied involvement in the project. 'The Trump Organization has zero involvement with this wallet product. @EricTrump and I know nothing about it,' Donald Trump Jr. wrote on X, teasing a separate World Liberty Financial wallet. 'This project is not authorized by @Trump. @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization,' Eric Trump added. World Liberty Financial reportedly sent cease-and-desist letters to both Magic Eden and Fight Fight Fight, the company behind $TRUMP, over the wallet, according to Bloomberg. However, the two firms appeared to have resolved their differences Friday. 'The Trump meme and WLFI may be different lanes, but they share the same highway. Same values, same mission—amplifying American strength through innovation,' World Liberty Financial said in a post. President Trump launched the meme coin shortly before his inauguration and hosted a high-profile dinner with top investors last month. The president and his family's increasing involvement in the crypto industry has drawn scrutiny, as his administration seeks to get long-sought digital asset legislation across the finish line.
Arabian Post
06-06-2025
- Business
- Arabian Post
Trump Family Issues Legal Challenge Over Unauthorised Crypto Wallet
World Liberty Financial , a cryptocurrency firm closely linked to President Donald Trump and his family, has sent a cease-and-desist letter to Fight Fight Fight LLC and NFT marketplace Magic Eden. The legal action follows the announcement of a new digital wallet branded as the 'Official $TRUMP Wallet by President Trump,' which the Trump family asserts was launched without their approval. The disputed wallet was unveiled earlier this week through the X account associated with the $TRUMP memecoin, a cryptocurrency project initiated by Fight Fight Fight LLC. The company, reportedly connected to longtime Trump associate Bill Zanker, partnered with Magic Eden to promote the wallet, inviting users to join a waitlist. However, the Trump family has publicly denied any involvement with the project. Donald Trump Jr., Eric Trump, and Barron Trump have all issued statements distancing themselves from the wallet. Eric Trump cautioned against the unauthorized use of their family name, while Donald Trump Jr. emphasized that the Trump Organization had no connection to the project. He also revealed that the family is developing their own official wallet through World Liberty Financial. ADVERTISEMENT World Liberty Financial, co-founded by the Trump family, has been actively expanding its presence in the cryptocurrency space. The firm has launched its own stablecoin, USD1, and is reportedly working on a crypto wallet focused on token yield generation. The company has attracted significant investment, including a $2 billion infusion from a firm associated with the Abu Dhabi government. The emergence of the unauthorized $TRUMP Wallet has led to confusion and concern within the crypto community. The wallet's website has experienced intermittent outages, and its X account has been suspended. Despite these issues, neither Fight Fight Fight LLC nor Magic Eden has commented on the dispute. The Trump family's foray into cryptocurrency has been marked by controversy. The $TRUMP memecoin, launched in January 2025, saw an initial surge in value before experiencing a significant decline. While the token generated substantial revenue through trading fees, it also raised ethical questions regarding the president's dual role as a public official and a private entrepreneur. Critics argue that the intertwining of the Trump family's business interests with their political influence poses potential conflicts of interest. The lack of clear boundaries between governance and private enterprise has led to calls for greater transparency and regulatory oversight in the rapidly evolving crypto industry.
The Hindu
05-06-2025
- Business
- The Hindu
Trump-related crypto projects prompt user confusion, warnings from Trump's son
As U.S. President Donald Trump leans more heavily into the crypto sector, his name is being used to promote several crypto projects that have nothing to do with his own ventures, prompting confusion among users and making them more vulnerable to being scammed. Trump's son Eric Trump on Wednesday (June 4, 2025) used his X account to call out a project that was not affiliated with the official World Liberty Financial crypto project that Trump had previously endorsed. The project in question, Magic Eden, was using images of Trump and the $TRUMP crypto ticker in order to rally up hype around an upcoming crypto wallet that it claimed was 'official.' Magic Eden used an image of Trump holding up his fist that Trump himself has used to promote his $TRUMP crypto on January 18, which led to user confusion. Trump's son stated, 'This project is not authorized by @Trump. @MagicEden I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.' Many X users in the comments expressed their confusion as they tried to differentiate between the $TRUMP crypto endorsed by the president and the version that Eric Trump had cautioned against. Others were not clear as to the links between World Liberty Financial, a Trump-linked crypto project working on a stablecoin, and the $TRUMP meme token. Magic Eden is a trading platform with more than 800,000 followers on X. The account bio noted that its posts were 'not intended for US or UK audiences.' Trump's promotion of crypto, and especially his own meme token, has made him the subject of criticism and concern as legal experts point out potential conflicts of interest. However, the U.S. crypto community has largely welcomed Trump's stance, hoping that his return to the White House will signal looser crypto regulations for businesses.
