The Trump family's collective wealth increased by $1.3 billion this week, driven primarily by the trading debut of American Bitcoin (ABTC), a mining company co-founded by Eric Trump, and gains from World Liberty Financial (WLFI), a decentralized finance protocol linked to the family. WLFI contributed $670 million to their net worth, while Eric Trump's stake in ABTC was valued at over $500 million right after its trading debut. However, following a volatile trading session, the prices of both ABTC and WLFI retraced significantly, with ABTC shares collapsing by over 50%. The family’s net worth, excluding certain tokens and based on market prices assessed earlier in the week, stands at over $7.7 billion according to the Bloomberg Billionaires Index. This involvement in the crypto industry has raised concerns and discussions regarding potential conflicts of interest, especially given the previous administration's stance against crypto. The trading debuts of WLFI and ABTC were marked by high volatility, leading to multiple trading halts due to drastic price movements.

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