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In today’s headlines: Former President Donald Trump reportedly earned over $1 billion last year through cryptocurrencies and more; Kyiv suffers a significant Russian attack claiming numerous lives; and an investigation reveals the role of U.S. technology in global scams. Additionally, the U.S. secures a victory in the World Cup.
Trump’s Billion-Dollar Crypto Venture
According to a recent financial disclosure, former President Donald Trump amassed an estimated $1.2 billion in income from cryptocurrencies in the previous year. This figure eclipses his traditional real estate income, a sector previously central to his wealth and political ascent. Read more.
Why this matters:
- Spanning over 900 pages, the annual disclosure hints at Trump’s new wealth channels, prompting scrutiny over potential profiteering from his presidential tenure. The White House asserts Trump engaged solely in public service, distancing himself from the family business managed by his sons.
- The quick rise of cryptocurrency in Trump’s financial portfolio, achieved in just over a year, was bolstered by favorable policies and influential business figures.
- Trump also capitalized on lucrative property investments in countries eager to curry favor with the United States.
The Role of U.S. Technology in Global Fraud
An AP/“FRONTLINE” investigation unveils the significant use of American technology in the global cyberscam industry. The report highlights how scammers, particularly in Southeast Asia, exploit U.S. digital tools to operate on an unprecedented scale. Despite this, there are no new U.S. regulations mandating companies to enhance consumer protection against scams.
Russian Assault Targets Kyiv
A missile and drone attack on Kyiv resulted in at least 17 fatalities, with widespread damage reported across the city. Read more.
Why this matters:
- Russia has intensified its attacks on Kyiv, as Ukraine’s drone operations targeting Russian facilities lead to domestic challenges for Russia, including fuel shortages.
U.S. Triumphs in World Cup Match
Malik Tillman’s standout performance ensured a 2-0 victory for the United States against Bosnia-Herzegovina, propelling the team into the World Cup’s round of 16. Their next match will be against Belgium. A newly introduced rule regarding player conduct is also garnering attention. Read more.
This is our flagship newsletter Morning Wire. You can subscribe here and we’ll email it to you daily.
