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Trump-Linked Crypto Ventures Leave Investors at Least $4.7B Underwater: Public Citizen

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US consumer advocacy group Public Citizen reported that crypto ventures linked to Donald Trump and his family have left investors with at least $4.7 billion underwater since 2022.

Most of the losses remain unrealized.

Trump’s Crypto Empire

Public Citizen estimated that investors in Trump Digital Trading Cards, launched in December 2022, have suffered at least $9.3 million in losses, while the WLFI token has left investors at least $1 billion underwater.

The largest amount came from the TRUMP meme coin, which Public Citizen estimated had resulted in $3.2 billion in losses for investors. Since its all-time high of $73 back in January 2025, the token has lost over 97% of its value. Earlier this month, US Senators Elizabeth Warren and Richard Blumenthal asked SEC Chair Paul Atkins to investigate the meme coin. They said that it may have enabled fraud or unfairly enriched people at the expense of everyday investors.

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The advocacy group put losses tied to Trump Media’s digital-asset treasury at $450 million, while it estimated no losses for USD1, which brings the total to at least $4.7 billion.

Trump is said to have made at least $1.4 billion from crypto in 2025, based on his latest financial disclosure released in June 2026. But the disclosure does not indicate that he invested any of his own money in these ventures, according to Public Citizen.

While the White House has said neither the president nor his family have engaged or will engage in conflicts of interest, the report said Trump continues to own and control his businesses. The group said his stakes in the digital trading cards, the meme coin, World Liberty Financial’s two tokens, as well as Trump Media & Technology Group, are held through a revocable trust in which the president is the sole donor and beneficiary. His eldest child, Donald Trump Jr., meanwhile, serves as the sole trustee.

Clash Over Clarity

The push to strengthen the US crypto industry and advance the Digital Asset Market Clarity Act has continued to draw criticism over the family’s financial ties to digital assets. Last week, Trump met with executives from Coinbase, Ripple, Gemini, and other crypto firms at the White House, calling on Congress to pass a “fair version” of CLARITY while adding that it would help keep the US ahead of China.

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But critics, including Ben McKenzie and Chris Van Hollen, warned that the bill could leave loopholes allowing Trump to profit from his ventures.

Previously, prominent comedian and political commentator John Oliver also described crypto as “a perfect vehicle to funnel money” to the US President’s family, while adding that Trump is “exploiting crypto sketchiness for maximum profit.”

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Wall Street Giant Charles Schwab Makes Major Crypto Move Beyond Bitcoin and Ethereum

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Just a few months after it launched its first notable cryptocurrency-focused platform, the Wall Street behemoth has expanded its offering beyond Bitcoin and Ethereum.

The giant recently announced that its Schwab Crypto trading service will add Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) in the coming months.

Adding More Alts

The new additions will allow eligible company clients direct access to five cryptocurrencies after the product launched with only Bitcoin and Ethereum in May this year. What’s even more notable now is that Charles Schwab said these won’t necessarily be the last added altcoins, as it plans to introduce more digital assets over time.

“With this expansion, clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab. These additions are consistent with our approach to provide clients with access to familiar cryptocurrencies backed by an ecosystem of education, tools, resources, and support to make informed decisions about how crypto might fit into their broader investing goals,” said the entity’s Head of Digital Assets, Joe Vietri.

Charles Schwab clients can view and trade their crypto holdings alongside traditional investments on its website, mobile application, and thinkorswim platform. The company explained that crypto trades carry a fee of 75 basis points on the dollar value of each transaction.

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It’s worth noting that certain geographical limitations are still in place. Schwab Crypto remains unavailable to residents of New York and Louisiana, as well as customers in US territories and international jurisdictions.

The statement also clarified that support for any of the announced digital assets could still be delayed, changed, or withdrawn depending on regulatory, market, operational, or risk-related developments.

Market Revival

The BTC- and ETH-only launch of the company’s crypto platform came just ahead of the May rally, which drove the leading digital asset to almost $83,000. What followed were three months of selling pressure and new lows, with BTC dipping below $58,000 on July 1.

However, the new altcoin additions find the market in a much better state. BTC broke out of its consolidation range and rocketed to $81,000 on a couple of occasions. Most altcoins have followed suit, including the ones mentioned above. SOL is up by over 40% in the past month, LINK has gained 38%, while AVAX has added a more modest 15%.

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Stellar RWA Value Approaches $4B Amid Tokenization Push

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Stellar RWA Value Approaches $4B Amid Tokenization Push

The value of tokenized real-world assets (RWA) on Stellar has climbed roughly 360% in 2026 to nearly $4 billion, up from $868.8 million at the end of last year, according to a Dune Analytics dashboard maintained by Stellar.

The network’s RWA market cap stood at $3.996 billion as of Aug. 29, spread across US Treasurys, private and public credit, non-US government debt and other tokenized asset classes.

The market is concentrated among a handful of issuers. Spiko accounted for $1.55 billion of Stellar’s RWA value as of Aug. 27, followed by Realiz at $559 million, Tradable at $548 million, Franklin Templeton at $546 million and Ondo at $535 million.

Stellar’s RWA market cap has surged in 2026. Source: Dune Analytics/Stellar

Stellar has gained ground in non-US government debt. Citing RWA.xyz data, the Stellar Development Foundation said the network held about $490 million in the asset class as of Aug. 20, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.

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Source: StellarOrg

Despite the growth in RWAs, the blockchain’s native XLM token is down about 11% year to date, trading near $0.18, according to CoinGecko data

Related: Coinbase tokenized stocks go live on Base with Chainlink price feeds

Institutional adoption drives Stellar’s RWA growth

The expansion comes as financial institutions and tokenization platforms deepen their use of the network.

In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to connect its tokenization service to Stellar, with DTC-tokenized assets expected to become available on the network in the first half of 2027. The integration could eventually support tokenized US Treasurys, major index ETFs and stocks in the Russell 1000.

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That institutional push continued in July, when tokenization platform Tradable announced plans to bring up to $1 billion in private credit assets to Stellar. The integration is designed to support compliance, investor onboarding and asset lifecycle management, building on $1.7 billion in private credit that Tradable has already tokenized across nearly 30 positions.

Stellar has also expanded its role in digital payments. MoneyGram launched its MGUSD dollar stablecoin on the network in June, allowing users to hold dollar-denominated balances and move funds through its global payments network.

MGUSD joins roughly $438 million in reserve-verified stablecoins currently issued on Stellar, according to the Dune dashboard.

Stellar’s RWA and stablecoin market caps. Source: Dune Analytics/Stellar

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Tokenized stock transfers surge 415% in 30 days to $29.5B

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Crypto Breaking News

Tokenized stock markets have accelerated sharply over the past month, according to onchain analytics from RWA.xyz. Over the last 30 days, monthly transfer volume for tokenized equities rose by more than 415% to $29.5 billion, signaling that activity is moving beyond early experimentation.

RWA.xyz data also shows the ecosystem is widening: monthly active addresses jumped by more than 209% to about 1.3 million, and the number of tokenized stock holders increased 167% to 2.36 million. At the same time, the total value of tokenized stocks distributed onchain edged up to $2.54 billion—up 1.45% over 30 days and roughly 637% compared with a year earlier.

Key takeaways

  • Monthly tokenized stock transfers rose more than 415% to $29.5 billion, per RWA.xyz.
  • Monthly active addresses climbed over 209% to around 1.3 million, while holders grew 167% to 2.36 million.
  • Total distributed tokenized stock value reached $2.54 billion, about 637% higher than a year ago.
  • Ondo, Kraken, and Binance collectively accounted for roughly 81% of distributed value in the RWA.xyz dataset.
  • New product launches from major crypto platforms are expanding how tokenized stocks can be traded, held, and used in DeFi-style workflows.

Activity surges across transfers, holders, and usage

The growth figures from RWA.xyz point to broad-based expansion rather than a single spike. Transfer volume is up dramatically, but that increase lines up with other engagement metrics—particularly active addresses and holder count—suggesting more wallets are participating and not just cycling through limited liquidity.

Distributed value, while smaller in percentage terms over 30 days (+1.45%), is still notable in absolute terms at $2.54 billion. Importantly, the year-over-year change indicates the market’s baseline has risen substantially: distributed tokenized stocks are up roughly 637% from $344 million a year ago, implying that the current acceleration is occurring on top of already-growing distribution.

Among individual offerings tracked on RWA.xyz, Securitize Corp. leads with about $163 million in distributed tokenized stock value. Strategy PP Variable xStock follows at $136 million, and an Ondo-tokenized version of Circle Internet Group sits around $109 million.

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Big platforms dominate distributed tokenized stock value

On the platform side, the distribution is concentrated. Ondo leads with $842.8 million in distributed value, while Kraken’s xStocks account for $609.3 million and Binance’s bStocks come in at $599.9 million. Together, those three platforms represent roughly 81% of the market in the RWA.xyz dataset—underscoring that much of tokenized equities’ liquidity and distribution still flows through a handful of issuers and distribution rails.

This matters for participants because platform concentration can shape token availability, custody and wallet experiences, and integration depth with other onchain services. If activity is growing rapidly, a large share of that growth is likely benefiting the dominant platforms first—especially those that already have the widest distribution and the most straightforward pathways for token holders to move assets onchain.

Why August’s product momentum is pulling tokenized stocks deeper onchain

The latest surge aligns with a broader pattern: crypto platforms are increasingly packaging tokenized equities into onchain trading and portfolio workflows, and expanding the ways those assets can be used beyond simple buy-and-hold.

On Aug. 24, Coinbase’s tokenized US stocks launched on Base, enabling eligible non-US users to trade the assets around the clock and use them across decentralized finance applications. The B20 token set includes major companies such as Nvidia, Apple, Meta, and Alphabet, and the assets can be held in self-custody wallets—an important feature for onchain utility because it allows tokens to interact with broader wallet-based infrastructure.

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A day later, Bitwise introduced automated portfolios built from Coinbase’s tokenized stocks. The offering is designed for eligible non-US investors who want exposure to preset strategies while keeping the underlying assets in their own wallets. The initial portfolios target themes such as the “Magnificent Seven,” robotics and artificial intelligence.

Other exchanges and DeFi-adjacent products have expanded similarly. In July, Bybit added tokenized shares—such as Nvidia, Apple, and Tesla—as collateral for margin loans. Meanwhile, Arcus, a Robinhood-backed decentralized exchange, launched more than 95 stock tokens and perpetual markets on Robinhood Chain, demonstrating how tokenized equities are increasingly being treated as instruments for active trading rather than standalone blockchain assets.

RWA.xyz’s activity jump appears to reflect these shifts. When tokenized equities become easier to acquire across major ecosystems, and when they can be used in more onchain-compatible ways (for example, for collateral or within structured portfolios), wallet adoption typically follows. Higher active address counts and holder growth are consistent with that expansion of onchain utility.

What to watch next as tokenized equities integrate with crypto rails

The data shows a sector that is getting more participants and more transaction volume, but it also highlights how concentrated distribution remains among a small set of major platforms. Going forward, investors and builders should watch whether activity growth continues to translate into sustained distributed value, and whether new integrations broaden beyond the current top issuers—especially as tokenized stocks are increasingly positioned for trading, portfolio automation, and collateralized lending on mainstream crypto networks.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Tokenized Stock Activity Soars as Adoption Grows

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Tokenized Stock Activity Soars as Adoption Grows

Tokenized stock activity surged over the past 30 days, with monthly transfer volume climbing more than 415% to $29.5 billion, according to data from RWA.xyz.

Monthly active addresses rose more than 209% to around 1.3 million, while the number of tokenized stock holders climbed 167% to 2.36 million over the same period. The total value of tokenized stocks distributed onchain also rose 1.45% over the past 30 days to $2.54 billion, up roughly 637% from $344 million a year ago.

Tokenized stock activity accelerated in August. Source: RWA.xyz

Securitize Corp. was the largest individual tokenized stock tracked by RWA.xyz at about $163 million, followed by Strategy PP Variable xStock at $136 million and an Ondo-tokenized version of Circle Internet Group at $109 million.

By platform, Ondo led with $842.8 million in distributed value, followed by Kraken’s xStocks at $609.3 million and Binance’s bStocks at $599.9 million. Together, the three accounted for roughly 81% of the market.

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Related: Arcus launches tokenized perp positions on Robinhood Chain

Tokenized equities move deeper into crypto platforms

The surge in activity comes as crypto platforms introduce new ways for investors to trade, hold and use tokenized equities onchain.

On Aug. 24, Coinbase’s tokenized US stocks went live on Base, allowing eligible non-US users to trade the assets around the clock and use them across decentralized finance applications. The B20 tokens include companies such as Nvidia, Apple, Meta and Alphabet and can be held in self-custody wallets.

Source: Base

A day later, Bitwise launched automated portfolios built from Coinbase’s tokenized stocks, allowing eligible non-US investors to follow preset strategies while keeping the underlying assets in their own wallets. The initial portfolios target the “Magnificent Seven,” robotics and artificial intelligence sectors.

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Other platforms have also expanded how tokenized stocks can be used. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans, while Robinhood-backed DEX Arcus launched more than 95 stock tokens and perpetual markets on Robinhood Chain.

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Why Software Stock Elastic Is Rocketing 20% Higher

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Why Software Stock Elastic Is Rocketing 20% Higher

Elastic (ESTC) stock jumped more than 20% in early trading Friday, setting it up to be the latest software company to post a big rally this week. Elastic’s July quarter earnings easily beat estimates. The San Francisco-based Elastic earned an adjusted 70 cents per share from sales of $478 million for the quarter ended July 31, it said in a…

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Tom Lee Says Nvidia Just Broke Wall Street's Most Unusual Pattern

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Nvidia Stock (NVDA) Price Performance Friday. Source: Yahoo Finance

Nvidia (NVDA) jumped 8.74% on August 27 after a record quarter. Fundstrat’s Tom Lee says the chipmaker almost never rises on good earnings.

Lee calls the reaction proof that the market is healthy. However, the gains only lasted one day, and Nvidia fell 4.57% on Friday to $217.55.

Nvidia Stock (NVDA) Price Performance Friday. Source: Yahoo Finance
Nvidia Stock (NVDA) Price Performance Friday. Source: Yahoo Finance

A Pattern Nvidia Rarely Breaks

Nvidia has beaten Wall Street estimates for years. The stock still fell after each of its last four reports. It went into this one cold, and shares slid seven sessions in a row from August 14 to August 24, dropping from $225.30 to $208.48.

Then the numbers landed, and Nvidia’s post-earnings reversal carried the stock to $227.98, adding roughly $440 billion in market value in one day.

The quarter was not close. Revenue hit $96.2 billion, up 106% from a year ago. Nvidia guided the current quarter to $108 billion.

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Why the Rest of the AI Trade Lagged

Lee thinks it was a funding problem. Investors who owned too little Nvidia had to sell something else to buy it.

Software went the other way, with Salesforce climbing 22.58% on its own results, and effectively becoming one of several stocks that outgained Nvidia that day.

Lee also pointed at the price-to-earnings (PE) ratio. Nvidia trades at 27.5 times past earnings, but only 18 times expected earnings. Estimates are climbing faster than the stock.

“The thing that stands out is Nvidia’s multiple is still very low. So, they’ve got these huge revisions. The stock hasn’t kept up. Now the PE keeps contracting,” Tom Lee, Fundstrat managing partner and head of research, speaking on CNBC.

However, not everyone is convinced. Jay Goldberg of Seaport Research Partners holds the only sell rating on the stock. He argues the sold-out supply constraint caps the upside, because Nvidia cannot ship chips it has already promised.

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Lee flagged one more risk. Opposition to new data centers is turning into an election issue, and some Republican governors now back a pause.

The pattern broke on Thursday. By Friday it had closed again, with about $250 billion of the gain gone.

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Ditching 'digital gold': BPI study suggests everyday Americans prefer control and micro-investing

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Bitcoin's quantum risks are a governance, not engineering, problem


A new survey suggests some of bitcoin’s most familiar sales pitches of changing the world may be poorly suited to a majority of prospective buyers.

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XRP’s 70% Rally Is Fading: Here’s the Level That Could Decide What Happens Next

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Ripple’s cross-border token staged one of the most impressive recoveries in the past 10-12 days, surging from just under $1.00 to a multi-month peak at $1.70.

However, this major rally was halted, and the momentum has faded, with the asset currently struggling to remain at $1.40, which represents a 20% pullback from last Saturday’s top. The landscape worsened on Friday after the hawkish speech by Fed Chair Kevin Warsh at Jackson Hole.

Major Test Approaches

Popular analyst Ali Martinez has been tracking the major change in XRP’s underlying activity throughout the latest move. As previously reported, active addresses on the XRP Ledger skyrocketed by over 650% at one point, jumping from 47,180 to more than 356,000. At the same time, whales went on an impressive accumulation spree, acquiring over 300 million tokens in only 96 hours.

What matters most now is whether that demand can prevent the latest pullback from developing into something considerably worse. The technical structure has weakened since the rejection at $1.70, and the token is struggling at $1.40. According to Martinez, this means that the asset failed to hold above the 50-week exponential moving average at $1.54.

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This has turned attention toward the $1.35-$1.38 region as the next important support zone, which is currently being tested. The analyst said that roughly 3.2 billion XRP were traded in this area, according to the URPD, underscoring its significance.

Fellow market commentator CRYPTOWZRD outlined the change in the recent structure, indicating that XRP was bearish and volatile throughout the day before closing lower. They believe holding above $1.40 is crucial, but this hasn’t been the case so far.

What About a Breakout?

Martinez also highlighted the most significant resistance barriers to watch if XRP resumes its rally from the previous week. The first is located at $1.60, where 1.99 billion tokens were traded. $1.68 follows suit with a similar number of traded coins.

The biggest obstacle is at $1.86, where 3.47 billion XRP were traded. A breakout above that level can open the door for a run toward the psychological $2.00 level and up to $2.19 next.

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Swift’s $1.5 quadrillion network faces a blockchain test

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Swift rolls out new blockchain ledger to bring 24/7 banking to 17 global giants


Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network gives it the power to absorb the technology instead.

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Reform UK Drops Crypto Sponsors: What Does Farage Want Instead?

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Reform UK Drops Crypto Sponsors: What Does Farage Want Instead?

Reform UK has stripped crypto firms from its conference sponsor list. The move lands days after British police revealed a $1.4 million Bitcoin forfeiture.

Nigel Farage’s party is selling diplomats and manufacturers instead.

Reform UK Cuts Crypto Sponsors Before Birmingham

Reform UK’s annual conference opens in Birmingham next week. Last year the digital payments firm Zebec headlined as a key backer. This year no crypto company appears on the sponsor list.

Perks have gone too, with free tickets and access to senior figures also cut, Bloomberg reported, citing people familiar with the arrangements.

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It comes as a parliamentary probe is examining whether Farage should have declared £5 million from Christopher Harborne, a Thailand-based crypto investor. Farage’s crypto lobbying has drawn separate scrutiny this year.

Diplomats and Manufacturers Take the Stage Instead

Farage’s populist party holds just eight of 650 Commons seats, yet polls place it in contention for 2029.

Honorary treasurer Nick Candy is promoting foreign guests. Envoys from India, Italy, Poland, the UAE and the US are expected, alongside French National Rally leader Jordan Bardella.

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“The scale and breadth of the diplomatic presence at the conference next week is a clear indication of how seriously Reform is being taken internationally,” Nick Candy, Reform UK honorary treasurer, speaking to Bloomberg.

However, not everyone is convinced. Renewable energy executives remain reluctant to appear, according to a City of London public relations executive. They fear legitimizing the party.

On its first business day, it sold more than 600 tickets, drawing JCB, TikTok and Heathrow.

So is Reform done with crypto? Not on paper. It has announced no policy changes regarding digital assets, and the retreat focuses on sponsors and perks rather than positions.

Birmingham will show a party managing its image while an investigation runs, not one abandoning crypto.

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Police Traced 20.21 Bitcoin Back to 2016

Elsewhere but still in the UK, Avon and Somerset Police recovered 20.21 BTC, other crypto and money in a bank account, worth £1,032,487.86.

Investigators tied the funds to darknet marketplaces that ran from 2016 to 2019. These were hidden shopping sites, reachable only through anonymizing software, that sold drugs and facilitated human trafficking.

A blockchain keeps every transaction on a permanent public record, so coins moved in 2016 still leave a trail.

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The owner had died before the forfeiture was completed. Under the Proceeds of Crime Act, however, the case runs against the property, not the person.

It is the force’s largest crypto recovery since Britain introduced wallet freezing orders in April 2024. Bigger hauls exist, including a £114 million Bitcoin seizure.

Recovered funds go back into community and policing programs.

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