Drake Calls for SBF Release as Trump Trades Crypto Stocks
Over 3,000 stock transactions later, and a portfolio that looks more like a crypto bro's fantasy than a political disclosure, we’re all just finding out the orange-haired commander in chief isn't just talking crypto, he's actually trading and hitting it big... welcome to crypto in today’s world.
So, in other news, one of our favorite rappers just put out three albums at once, because why not? And in grand musical fashion, he’s given us a prison release anthem for Sam Bankman-Fried… Here’s one for keeping the crypto culture weird, Drake. 🥂
In the chapter of questionable financial decisions, a British MP tried to slip a $6.8 million donation from a Tether whale under the radar. It doesn't matter whether things went south now, at least he tried. They say if you don’t jump, you can’t fly.
Here are the Highlights:
- President Trump Discloses Coinbase, Robinhood and Bitcoin Mining Stock Trades
- Drake Calls for Sam Bankman-Fried's Release in New, Critically Panned Album
- UK parliament to probe Nigel Farage’s $6.8 million donation from crypto billionaire
- $677M in Liquidations as Bitcoin Tumbles Under $80,000
President Trump Discloses Coinbase, Robinhood and Bitcoin Mining Stock Trades
New ethics filings show that President Donald Trump’s crypto connections extend beyond friendly policies, a meme coin, and a DeFi business to trading crypto-related equities as well. The president is listed as the filer on two separate 278-T filings dated Thursday that were filed with the U.S. Office of Government Ethics, reporting securities purchases or sales in excess of $1,000 made on behalf of the filer or their spouse or dependents. According to the filing, the president was assessed and paid a late fee for the more than 100 pages reported, which detail more than 3,000 securities trades.
Drake Calls for Sam Bankman-Fried's Release in New, Critically Panned Album
After years in exile following a brutal rap battle with Kendrick Lamar, Drake is back, and he has a message: free Sam Bankman-Fried. The rapper released three albums simultaneously on Friday, featuring 43 new songs. One of those tracks, “Dust,” from the album Iceman, includes an apparent appeal to pardon FTX’s disgraced founder. “An FTX penthouse high-riser, yeah,” Drake sings. “Samuel Bankman, free all my guys up, yeah.” Later on in the song, the artist refers to himself as “a BTC crypto big-timer.” The albums have already been widely panned by multiple critics, with The Guardian deeming the new collection of songs a “boring, bloated disaster.”
UK Parliament to Probe Nigel Farage’s $6.8 Million Donation From Crypto Billionaire
Nigel Farage, the leader of Reform UK and a member of Parliament, is facing a formal investigation by the parliamentary standards watchdog after failing to declare a 5 million-pound ($6.8 million) gift from crypto billionaire Christopher Harborne, news services including the Guardian reported Wednesday. Farage received the donation from Harborne, a Thailand-based businessman with a 12% stake in stablecoin issuer Tether, weeks before announcing he would stand as a candidate in the 2024 general election, and did not declare it when elected as MP for Clapton. New MPs must register all financial interests received within the 12 months preceding their election.
$677M in Liquidations as Bitcoin Tumbles Under $80,000
Over $660M in crypto positions were wiped out in a single 24-hour window after President Trump posted a stark warning to Iran on Truth Social, sending Bitcoin crashing from $82,000 to a multi-week low of $76,650. The mechanism behind that number wasn’t panic selling from ordinary holders; it was over-leveraged long positions acting as a self-loading gun, with the geopolitical headline pulling the trigger. If you’ve never used margin trading and you’re wondering how a social media post erases two-thirds of a billion dollars in minutes, you’re asking exactly the right question. Here’s how it works, why it keeps happening, and what it means for your approach to crypto safety.
Other Highlights Worth Mentioning
Crypto ATM Operator Bitcoin Depot Files for Chapter 11 Bankruptcy – Decrypt
Claude helps recover $395,000 in bitcoin trapped on a computer for years – CoinDesk
Tether, TRON, TRM Labs Freeze $450 Million as T3 Crime Crackdown Widens – Be in Crypto
U.S. Lawmakers Urge Trump to Fill CFTC Vacancies Amid Regulatory Challenges – Binance
COINIGY FACT OF THE DAY
On this day in 2010, Bitcoin Pizza Day was founded after Bitcoin miner Laszlo Hanyecz made a post on the Bitcointalk forum offering 10,000 BTC in exchange for two pizzas.
His exact post read: “I’ll pay 10,000 bitcoins for a couple of pizzas.” Four days later, another user accepted the offer, completing what became the first widely recognized real-world commercial Bitcoin transaction in history. At the time, the 10,000 BTC was worth roughly $41. At Bitcoin’s later peaks, those same coins would be worth hundreds of millions — and eventually over $1 billion. The moment became foundational to crypto culture because it proved Bitcoin could function as an actual medium of exchange rather than just an experimental digital asset. Today, the crypto industry celebrates the event annually as Bitcoin Pizza Day, one of the most iconic anniversaries in Web3 history.
COINIGY MEME OF THE WEEK
