In today's crypto news, US President Donald Trump evaded inquiries regarding whether he would divest from his family's cryptocurrency ventures to aid the passage of key legislation. Responding to criticism from Democrats, Trump emphasized the importance of the crypto industry in the US, claiming that if the nation did not embrace it, competitors like China would dominate the field. Meanwhile, the founders of Across Protocol are facing allegations of mishandling $23 million by allegedly redirecting funds to their for-profit venture, Risk Labs. Amidst claims of manipulated DAO votes, Hart Lambur, a co-founder of both projects, defended the integrity of Risk Labs as a nonprofit. Additionally, a report revealed that hacks targeting private wallet keys and front-end exploits are responsible for the majority of the record losses in crypto, with the total losses for 2025 already exceeding those of 2024. The $1.5 billion hack of Bybit is notably linked to significant financial losses, highlighting vulnerabilities in the digital assets space.

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