A Trump-themed crypto wallet launch has turned into a mess, with US President Donald Trump’s own family denying any involvement in it. On June 3, 2025, Magic Eden and the team behind the TRUMP memecoin announced the launch of “The Official $TRUMP Wallet.” But shortly thereafter, Trump’s sons spoke out against it.
Donald Trump Jr. said the Trump Organization had “zero involvement” and was unaware of the project. He added that the family’s own crypto platform, World Liberty Financial, would be launching a separate official wallet, CoinTelegraph reported.
Another son of Trump, Eric, also warned Magic Eden against using the Trump name without permission. Even Barron Trump joined the conversation, making his first-ever post on X, where he wrote that the Trump family had nothing to do with the wallet.
Despite this, the wallet’s website claims it’s official and shows links to Fight Fight Fight LLC, a company co-owned by CIC Digital LLC, which is connected to the Trump Organization. Businessman Bill Zanker, involved in several Trump-backed crypto ventures, is also part of the mix.
This isn’t the first crypto confusion surrounding Trump. A few weeks ago, Trump Media denied plans to raise billions for crypto investments only to confirm it the very next day.
Tether Transfers $3.9 Billion In Bitcoin To Addresses Linked To Twenty One Capital
Tether has moved over 37,200 Bitcoin, valued at about $3.9 billion, to wallets associated with Twenty One Capital, a Bitcoin-focused financial platform. On June 3, Tether CEO Paolo Ardoino posted on X about a transfer of 10,500 BTC (approximately $1.1 billion) as part of pre-funding for SoftBank’s investment in Twenty One Capital.
Other transactions include 917 BTC (around $96 million) sent to wallets linked to investors holding equity rights. The day before, Tether had moved 25,812 BTC across multiple transactions, including transfers from Bitfinex and pre-funding related to an initial equity raise.
Twenty One Capital, led by Strike CEO Jack Mallers, is working on Bitcoin-native capital markets infrastructure. The company plans to go public through an SPAC merger with Cantor Fitzgerald’s Cantor Equity Partners, with a valuation reported at $3.6 billion.
US Military Supports Keeping Bitcoin Strategic Reserve, Says Senator Lummis
US Senator Cynthia Lummis has revealed that some US military leaders have voiced their support in creating a national Bitcoin reserve to address economic challenges, especially from China. In a June 3 Bloomberg interview, Lummis said many US generals view Bitcoin as a key strategic asset amid growing geopolitical tensions.
Lummis noted that holding a Bitcoin reserve is seen as vital to prepare for economic and possible military conflicts in the future.
Her remarks come amid the ongoing US-China trade disputes and efforts to strengthen economic security. US President Donald Trump has urged the US to lead in cryptocurrency to prevent China from gaining dominance.
Although China banned crypto trading in 2021, it continues to develop Blockchain technology for its digital yuan. At Bitcoin 2025, US Vice President JD Vance also stressed the importance of maintaining US leadership in crypto to stay competitive in the evolving digital economy.
