{"id":13719,"date":"2025-10-19T12:45:22","date_gmt":"2025-10-19T12:45:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-family-crypto-profits-top-1b-uk-targets-65k-investors-opensea-sets-token-launch-weekly-recap\/"},"modified":"2025-10-19T12:45:28","modified_gmt":"2025-10-19T12:45:28","slug":"trump-family-crypto-profits-top-1b-uk-targets-65k-investors-opensea-sets-token-launch-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-family-crypto-profits-top-1b-uk-targets-65k-investors-opensea-sets-token-launch-weekly-recap\/","title":{"rendered":"Trump family crypto profits top $1b, UK targets 65k investors, OpenSea sets token launch | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In this edition of the weekly recap, regulatory enforcement intensified as UK tax authorities contacted tens of thousands of cryptocurrency holders. Meanwhile, the Trump family\u2019s cryptocurrency ventures generated over $1 billion in profits.<\/p>\n<div id=\"cn-block-summary-block_14990d91414f7f31478d93f1024848da\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>UK tax authority targets 65K investors; Trump family crypto profits top $1B.<\/li>\n<li>Ripple buys GTreasury for $1B; Binance wins Korea approval with GOPAX deal.<\/li>\n<li>Paxos fixes $300T mint error; Japan plans insider trading ban in crypto.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h3 class=\"wp-block-heading\">British tax authority escalates crypto enforcement<\/h3>\n<ul class=\"wp-block-list\">\n<li>HM Revenue &amp; Customs dispatched 65,000 letters to cryptocurrency investors suspected of unpaid tax obligations, according to Financial Times <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/508ae3e5-5529-4851-ada4-04744716f116\" target=\"_blank\" rel=\"nofollow\">reporting<\/a>.<\/li>\n<li>Beginning January 2026, HMRC will receive comprehensive user data from exchanges through the Crypto-Assets Reporting Framework adopted by approximately 70 jurisdictions including OECD members.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">OpenSea announces first quarter 2026 token launch<\/h3>\n<ul class=\"wp-block-list\">\n<li>CEO Devin Finzer <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/dfinzer\/status\/1979200646763929835\" target=\"_blank\" rel=\"nofollow\">revealed<\/a> the NFT marketplace will introduce its SEA token during Q1 2026 and allocate half the total supply to community members.<\/li>\n<li>Significant portions will be distributed through initial claims, with separate consideration for users holding historical platform activity and rewards program participants.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">MrBeast files cryptocurrency service trademark<\/h3>\n<ul class=\"wp-block-list\">\n<li>YouTube star James Donaldson submitted trademark applications for MrBeast Financial. This covers downloadable applications for cryptocurrency exchange and payment processing services.<\/li>\n<li>The filing includes investment banking, insurance, financial education, microfinance lending, and decentralized exchange cryptocurrency trading capabilities.<\/li>\n<li>The move comes after Strategy founder Michael Saylor told Donaldson to buy bitcoin.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Swiss authorities investigate FIFA blockchain<\/h3>\n<ul class=\"wp-block-list\">\n<li>Gespa, Switzerland\u2019s lottery and gambling regulator, filed criminal complaints regarding FIFA Collect, the soccer organization\u2019s blockchain collectibles platform.<\/li>\n<li>The authority initiated preliminary investigations in early October targeting the platform\u2019s offerings.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">South Korean regulators approve Binance GOPAX acquisition<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Financial Intelligence Unit authorized Binance\u2019s majority stake purchase of GOPAX.<\/li>\n<li>This approval allows Binance to assume majority control, resume Korean operations, fulfill user repayment commitments, and compete with established local exchanges.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Trump family cryptocurrency profits exceed a billion dollars<\/h3>\n<ul class=\"wp-block-list\">\n<li>Eric Trump confirmed the family\u2019s cryptocurrency ventures have generated over $1 billion in pre-tax profits.<\/li>\n<li>President Donald Trump\u2019s return to the White House coincided with substantial growth in family-affiliated cryptocurrency business valuations and revenues.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Ripple acquires treasury management firm<\/h3>\n<ul class=\"wp-block-list\">\n<li>Ripple purchased GTreasury for $1 billion on Thursday.<\/li>\n<li>This is Ripple\u2019s third major acquisition this year, adding corporate treasury management capabilities.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Chainlink deploys real-time oracle on MegaETH<\/h3>\n<ul class=\"wp-block-list\">\n<li>The companies announced what they describe as the first native real-time on-chain oracle hosted on MegaETH\u2019s \u201creal-time\u201d Ethereum layer-2 network.<\/li>\n<li>This deployment aims to allow perpetuals, prediction markets, and stablecoins to update at speeds matching centralized venues while maintaining full on-chain composability.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Kraken acquires U.S. derivatives platform<\/h3>\n<ul class=\"wp-block-list\">\n<li>The exchange purchased the Small Exchange from IG Group for $100 million, comprising $32.5 million cash and $67.5 million stock.<\/li>\n<li>The acquisition provides Kraken with designated contract market status in the U.S. through Small Exchange\u2019s CFTC licensing.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Australia considers crypto ATM restrictions<\/h3>\n<ul class=\"wp-block-list\">\n<li>Home Affairs Minister Tony Burke proposed granting AUSTRAC expanded powers to regulate cryptocurrency ATMs following government findings regarding misuse.<\/li>\n<li>The Thursday announcement targets \u201chigh-risk products\u201d including crypto ATMs through improved anti-money laundering authority oversight.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Paxos resolves massive minting error<\/h3>\n<ul class=\"wp-block-list\">\n<li>The stablecoin issuer <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Paxos\/status\/1978565015943950411\" target=\"_blank\" rel=\"nofollow\">experienced<\/a> a technical malfunction Wednesday at 3:12 p.m. ET that minted 300 trillion PayPal USD tokens.<\/li>\n<li>Paxos resolved the incident within 30 minutes by burning the incorrectly issued tokens, preventing market impact.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Japan prepares insider trading restrictions<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Financial Services Agency plans amendments explicitly prohibiting cryptocurrency trades based on non-public information.<\/li>\n<li>The changes would authorize the Securities and Exchange Surveillance Commission to investigate suspected cases and recommend surcharges or criminal referrals.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">New York establishes digital assets office<\/h3>\n<ul class=\"wp-block-list\">\n<li>Mayor Eric Adams <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/asia.nikkei.com\/spotlight\/cryptocurrencies\/japan-to-ban-cryptocurrency-insider-trading-with-new-rules\" target=\"_blank\" rel=\"nofollow\">signed<\/a> an executive order Tuesday creating what officials describe as \u201cthe first-ever mayoral office of its kind in the nation\u201d focused on digital assets and blockchain.<\/li>\n<li>Moises Rendon, who has worked on city digital asset initiatives for over a year, will lead the office promoting responsible technology usage.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Tether settles Celsius bankruptcy claims<\/h3>\n<ul class=\"wp-block-list\">\n<li>The stablecoin issuer paid $299.5 million to resolve claims from the Celsius Network bankruptcy estate through the Blockchain Recovery Investment Consortium.<\/li>\n<li>The settlement resolves adversary proceedings filed in August 2024 in the U.S. Bankruptcy Court for the Southern District of New York.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Monad opens token allocation checker<\/h3>\n<ul class=\"wp-block-list\">\n<li>The upcoming layer-1 blockchain network competing with Solana and Ethereum revealed additional MON token airdrop details on Tuesday.<\/li>\n<li>Qualified users may view allocations as early as October 28, with claims remaining open until November 3 before token distribution becomes available.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Strategy maintains Bitcoin accumulation<\/h3>\n<ul class=\"wp-block-list\">\n<li>The world\u2019s largest corporate Bitcoin (BTC) holder purchased 220 BTC at an average price of $123,561 using $27.3 million raised through preferred stock sales.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this edition of the weekly recap, regulatory enforcement intensified as UK tax authorities contacted tens of thousands of cryptocurrency holders. Meanwhile, the Trump family\u2019s cryptocurrency ventures generated over $1&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13719"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13719\/revisions"}],"predecessor-version":[{"id":13721,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13719\/revisions\/13721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13720"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}