Shocking Crypto News: Trump on Regulation, Across Protocol Drama, and $2.1B Hacks
Stay updated with the latest **Crypto News** shaping the digital asset world today. From political maneuvering to security breaches and protocol controversies, the crypto landscape is constantly evolving. Here’s a quick rundown of the key events you need to know.
What’s Happening with **Donald Trump Crypto** Ventures and Policy?
US President Donald Trump recently addressed questions regarding his family’s involvement in crypto ventures and how it might impact the passage of key digital asset legislation. During a press briefing, a reporter directly asked if he would consider divesting to ease political pressure from Democrats who reportedly oppose crypto bills partly due to his family’s investments.
Trump sidestepped the divestment question, emphasizing his view of crypto as an industry important to the US. He argued that if the US didn’t embrace crypto, other nations, particularly China, would dominate it. His response focused on the strategic importance of the industry rather than personal financial interests or potential conflicts related to **Crypto Regulation** efforts in Congress.
The Controversy Surrounding **Across Protocol** DAO Funds
The crosschain bridge **Across Protocol** is currently facing serious accusations. The founders are alleged to have improperly redirected $23 million in tokens to their own for-profit entity, Risk Labs. These claims were made public by an onchain sleuth and founder of another project, Ogle.
Ogle characterized Across Protocol as a ‘DAO in name only,’ suggesting the decentralized governance structure was manipulated. Hart Lambur, a founder of both Across and Risk Labs, denied the claims. He stated that Risk Labs is a Cayman Islands-based nonprofit operating under fiduciary obligations. He provided documentation to support this, including a certificate of incorporation identifying Risk Labs as a ‘foundation company.’ While foundation companies in the Cayman Islands can serve various purposes, including commercial, the core dispute centers on whether funds intended for the DAO were appropriately used.
Why Are **Crypto Hacks** Reaching Record Highs?
Security remains a major concern in the crypto space, with **Crypto Hacks** resulting in significant losses. A recent report highlights that $2.1 billion worth of crypto was lost to attacks in the first half of 2025 alone. This figure surpasses the total losses from all of 2024 and sets a new record, indicating an intensifying threat landscape.
The report identifies infrastructure attacks as the primary culprit, accounting for 80% of the losses. These include:
- Private wallet key exploits
- Crypto protocol front-end compromises
Protocol exploits, such as flash loan and re-entrancy attacks, made up another 12% of the losses. The $1.5 billion hack of Bybit in February, reportedly linked to North Korea, represents nearly 70% of the total losses for the first half of the year. Experts are calling for increased collaboration between global law enforcement, financial intelligence units, and blockchain intelligence firms to combat these sophisticated attacks.
Decoding the Future of **Crypto Regulation**
The discussions around **Crypto Regulation** continue to be complex, influenced by political dynamics and industry events. President Trump’s stance highlights the geopolitical competition angle, framing crypto as a critical industry for US dominance. However, the political pressure he faces underscores the challenges in achieving bipartisan consensus on digital asset bills.
Simultaneously, events like the Across Protocol allegations raise questions about the effectiveness and transparency of decentralized autonomous organizations (DAOs) under current frameworks. The surge in **Crypto Hacks** also puts pressure on regulators and the industry to enhance security measures and explore ways to recover or prevent stolen funds.
Putting Today’s **Crypto News** in Perspective
Today’s **Crypto News** highlights critical areas impacting the industry’s growth and adoption: the intersection of politics and policy, the integrity of decentralized structures like DAOs, and the persistent threat of security breaches. While political debates around **Donald Trump Crypto** involvement and broader **Crypto Regulation** continue, the industry must also address internal challenges like ensuring transparency in governance, as seen with **Across Protocol**, and strengthening defenses against increasingly sophisticated **Crypto Hacks**. Staying informed on these diverse developments is essential for navigating the dynamic world of digital assets.
