Connect with us
DAPA Banner

Crypto World

TRUMP rallies over 50% as Mar-a-Lago event drives whale activity

Published

on

TRUMP rallies over 50% as Mar-a-Lago event drives whale activity

Whale activity around the Official Trump (TRUMP) token, which is tied to United States President Donald Trump, has hit a five-month high according to on-chain data.

Summary

  • Whale wallets holding over 1 million TRUMP tokens have risen to a five-month high of 83, with combined holdings valued at around $3.7 million, according to Santiment.
  • TRUMP price has climbed more than 50% from recent lows after a Mar-a-Lago luncheon announcement for top holders, though the token remains over 95% below its all time high.

According to Santiment, there are now 83 wallets that hold more than 1 million Official Trump (TRUMP) tokens. Collectively, these holdings amount to roughly $3.7 million worth of the tokens, marking the highest level recorded since Oct. 8 last year.

TRUMP has remained in a steady downtrend since the start of the year, but activity picked up pace after the project’s team announced a luncheon event at Trump’s Mar-a-Lago residence, where the U.S. president is expected to host top token holders.

Advertisement

Beyond the main event, those ranked among the top 297 holders are eligible to attend, while the top 29 wallets will qualify for a private reception with the president, subject to background checks.

Several figures across the crypto sector are expected to take part in the gathering, which appears to have driven the recent surge in interest around the token.

Additional data from CoinCarp shows that TRUMP has 642,882 holders, though concentration remains heavily skewed. Over 91% of the supply is held by the top 10 wallets, while roughly 97% sits with the top 100 wallets.

Advertisement

TRUMP started rallying from multi-month lows near $2.7, climbing more than 50% to reach a peak of $4.35. As of press time, the token is up over 26% in the past 7 days, though it remains down more than 95% from its all time high of $73.43.

For TRUMP holders, this pattern is not new. Last year, a similar gala-style event was announced, which saw the token rally sharply in the lead-up.

However, after the initial momentum faded, the token entered a prolonged downtrend, and unless market conditions change meaningfully, the latest event could follow a similar trajectory.

Regulatory concerns remain

While the upcoming event has generated renewed interest among crypto participants, it is also likely to draw scrutiny in Washington, where lawmakers have continued to question whether such initiatives present conflicts of interest.

Advertisement

Last year, Democratic Senator Jon Ossoff called for Trump’s impeachment over the memecoin dinner, while Senators Elizabeth Warren and Adam Schiff urged ethics officials to review the president’s involvement with the event.

Meanwhile, Representative Sam Liccardo introduced the Modern Emoluments and Malfeasance Enforcement (MEME) Act in February 2025, seeking to bar federal officials and their families from issuing or promoting digital assets.

Similar concerns could resurface this time around, as lawmakers have already raised questions over potential foreign influence and financial interests tied to Trump-linked crypto ventures.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Ripple Expands Brazil Push as RLUSD Gains Institutional Use

Published

on

Crypto Breaking News

Ripple has expanded its financial infrastructure in Brazil, targeting deeper institutional adoption and regulatory approval. The company introduced payments, custody, and treasury tools for local institutions. Meanwhile, it plans to secure a Virtual Asset Service Provider license under Brazil’s evolving digital asset framework.

Ripple Expands Enterprise Services in Brazil

Ripple has launched a full enterprise platform tailored for Brazil’s financial institutions. The rollout includes cross-border payments, custody solutions, and treasury management tools. Moreover, the company added prime brokerage features to extend services beyond basic payment rails.

The expansion aligns with Brazil’s structured regulatory push for digital assets and financial innovation. Ripple continues to focus on compliance while scaling operations in regulated markets. Therefore, the planned VASP license application supports its long-term presence in the country.

Brazil offers a mature financial ecosystem, which attracts global fintech firms seeking growth opportunities. Ripple has maintained a regional focus due to increasing demand for efficient settlement systems. Consequently, the company positions its infrastructure as a solution for modern financial operations.

Advertisement

Institutional Adoption and RLUSD Growth

Ripple Payments now operates across more than 60 markets and has processed over $100 billion globally. The platform enables faster settlement using both fiat currencies and stablecoins. Additionally, several Brazilian institutions actively use the network for payments and liquidity management.

Banco Genial uses Ripple’s system for same-day U.S. dollar disbursements and plans to integrate RLUSD into payment flows. Braza Bank supports U.S. dollar transfers and issued its BBRL stablecoin on the XRP Ledger. Meanwhile, Nomad manages treasury flows between Brazil and the United States using Ripple infrastructure.

Other firms continue to adopt Ripple’s tools for various financial operations across the region. Azify supports currency exchange into major global currencies using the Ripple system. Similarly, Attrus and Frente Corretora use the platform for cross-border payments and foreign exchange settlements.

RLUSD adoption continues to rise across Latin America, supported by institutional demand for liquidity solutions. The stablecoin has surpassed a $1.5 billion market capitalization. Furthermore, regulators in the United States oversee RLUSD through established financial authorities.

Advertisement

Ripple Custody has also expanded into Brazil, offering secure digital asset storage for institutions. The platform integrates compliance tools and supports staking across multiple proof-of-stake networks. As a result, firms such as CRX and Justoken now use custody services for tokenized asset operations.

CRX has settled nearly $100 million on-chain using Ripple Custody and XRPL infrastructure. Meanwhile, Justoken has tokenized over $1.7 billion in assets and plans regional expansion. This growth reflects increasing institutional reliance on blockchain-based financial systems.

RLUSD now trades on platforms such as Mercado Bitcoin, Foxbit, and Ripio across Brazil. Additionally, several financial institutions support the stablecoin for treasury and settlement use cases. This integration strengthens Ripple’s broader payments ecosystem across Latin America.

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

Advertisement

Source link

Continue Reading

Crypto World

UK Parliamentary Committee Urges Ban on Political Crypto Donations

Published

on

UK Parliamentary Committee Urges Ban on Political Crypto Donations

A cross-party parliamentary committee in the United Kingdom has urged the government to impose an immediate moratorium on cryptocurrency donations to political parties until stronger safeguards are in place.

In a report published on Wednesday, the Joint Committee on the National Security Strategy said the government should amend the Representation of the People Bill to impose an “immediate moratorium on crypto donations” until the Electoral Commission produces statutory guidance ahead of the next general election, due by August 2029.

The committee also called for the creation of a Political Finance Enforcement Unit to oversee these activities and reduce the minimum threshold for declaring gifts tied to political donations from 11,180 British pounds ($14,900) to 500 pounds ($668), and proposed increasing the maximum custodial sentences to three years for wrongdoing involving foreign financing.

The committee cited growing foreign state threats and efforts to influence the UK’s positions on critical issues, including its relations with the US, the European Union and Ukraine.

Advertisement

The recommendation comes amid rising scrutiny of crypto-linked money in British politics. Nigel Farage’s Reform UK became the first party to start accepting crypto donations in 2025. Reform UK recently disclosed a $4 million donation from crypto investor Christopher Harborne in the fourth quarter of 2025, after a record $12 million gift in the previous quarter.

“Political finance and foreign influence” report. Source: The UK Parliament’s Joint Committee on the National Security Strategy

Crypto donations pose “unnecessary” risk for UK politics

Crypto donations pose an “unnecessary and unacceptably high risk” to the integrity of the political finance system and public trust, barring robust regulator guardrails, the report states.

“We see no democratic imperative to permit the use of crypto in political finance until adequate safeguards are in place.”

The committee also cited jurisdictions, such as Ireland, that have banned party members from accepting political cryptocurrency donations due to foreign interference concerns.

The report comes shortly after Matt Western, chair of the committee, urged the government to put a temporary halt on crypto donations to political parties, citing foreign interference risks, Cointelegraph reported on Feb. 26.

Related: UK Lords launch stablecoin inquiry as Bank of England moves to finalize rules

Advertisement

Crypto donations raise concern in the UK

Political cryptocurrency donations are legal in the UK, subject to permissible rules under the Electoral Commission guidance. UK lawmakers reportedly started considering a ban on political cryptocurrency donations in December 2025.

Weeks later, seven senior UK Labour Party MPs have urged Prime Minister Keir Starmer to ban crypto for political donations, Cointelegraph reported on Jan. 12. 

“Crypto can obscure the true source of funds, enable thousands of micro donations below disclosure thresholds, and expose UK politics to foreign interference,” wrote business and trade committee chair Liam Byrne, one of the seven signatories of the letter.