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Trump's eldest son is associated with Kalshi and Polymarket, raising concerns about conflicts of interest and information advantages

According to Fortune, the Trump family is accelerating its entry into the prediction market space, with the Trump Media Technology Group developing a prediction market platform called TruthPredict, allowing users to trade prediction contracts related to significant events. The company has also launched the Truth API, providing Wall Street with quick data access to Truth Social content. Additionally, Donald Trump Jr., the eldest son of Trump, currently serves as a strategic advisor to Kalshi, and his venture capital firm 1789 Capital has invested in competitor Polymarket and joined the advisory board of Polymarket. This means the Trump family is simultaneously associated with the two major prediction market platforms, while the Trump Media Group is building its own prediction market business.Although there is currently no public evidence showing that Donald Trump Jr. or the Trump family is trading on government insider information, the potential conflicts of interest arising from the intertwining of presidential public information, market trading, and family business interests are drawing external attention. Federal agencies are still investigating whether former White House teleprompter operator Gabriel Perez used advance knowledge of Trump's speech content to trade in related markets on Kalshi. The team of Donald Trump Jr. and the Trump Media Technology Group have yet to formally respond to requests for comments regarding insider trading related to the prediction market.

Australian police have charged a man with involvement in a $3.5 million cryptocurrency investment scam, with many victims being elderly

According to The Block, Australian police have charged a 42-year-old man with operating a cryptocurrency investment scam that defrauded over 190 elderly and vulnerable individuals of a total of 5 million AUD (approximately 35 million USD). The man has been granted conditional bail and is set to appear in Burwood Local Court on March 17.According to a police statement, the cybercrime unit Strike Force Resaca executed search warrants in Strathfield and Cammeray on Friday morning, seizing electronic devices and documents related to the case. At the Strathfield residence, police arrested the 42-year-old suspect and charged him with "dealing with the proceeds of crime," involving money laundering through an online platform. A second man, aged 36, was arrested in Cammeray and has been released pending further investigation.The investigation revealed that since November 2025, victims were contacted via social media by individuals claiming to be investment advisors, who guided them to deposit funds into a digital currency trading platform called "NEXOpayment." Victims believed they were purchasing cryptocurrencies, stocks, or other legitimate investment products, but the funds were actually transferred multiple times into different crypto wallets and exchanges, displaying a typical money laundering pattern.
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