(WASHINGTON) — President Donald Trump and his family have boasted of going “all in” on cryptocurrencies — but a recent downturn in bitcoin has pummeled digital asset investors, including the Trumps, who by one estimate have had roughly a billion dollars of their net worth erased in just a matter of weeks.
Bitcoin dropped as much as 8% in trading on Monday, at one point falling below $85,000 — shedding 30% from its all-time high in early October, when bitcoin was trading at more than $125,000.
Analysts at Deutsche Bank said last week that $1 trillion in value has been wiped out of the crypto market globally since early October. The analysts said traders dumped riskier assets in the crypto sector amid questions about the strength of the economy and stalled momentum on digital asset regulation.
The crypto sell-off is a stark reminder to investors about how volatile assets can drop in value just as quickly as they go up.
The Trump family has launched a soup-to-nuts crypto empire over the past year, including a meme coin, a bitcoin mining firm, and a digital asset company called World Liberty Financial that has issued multiple tokens.
Fueled by the Trump administration’s abandonment of several high-profile regulatory challenges to the industry, the price of bitcoin and other digital assets soared in the months following Trump’s inauguration, bolstering the Trump family’s net worth by hundreds of millions of dollars, according to an ABC News analysis.
But their fortunes have shifted, for now, beneath the weight of a market-wide downturn.
Shares of Trump Media and Technology, the family’s media firm that has recently waded deeper into the crypto space, tumbled 5% on Monday. The stock is down about 70% since President Trump’s inauguration earlier this year.
The $TRUMP meme coin is now trading near an all-time low of $5.73, according to crypto trading platform CoinMarketCap. The digital token peaked at about $45 just ahead of inauguration. That’s a loss of nearly 90% since the start of the year.
And World Liberty’s digital governance token is down about 50% since its September launch.
All told, the Trump’s family fortune has dropped by about $1 billion — from $7.7 billion to $6.7 billion — since early September, according to the Bloomberg Billionaires’ Index.
The family, however, appears undeterred. Eric Trump, the president’s son, has been touting his crypto companies on social media and in emails to supporters.
He told Bloomberg the bitcoin dip is nothing more than a “great buying opportunity.”
Former film producer Harvey Weinstein appears in Manhattan Criminal Court on August 13, 2025 in New York City. (Photo by Pool/Getty Images)
(NEW YORK) — Harvey Weinstein is due to return to a Manhattan courtroom on Thursday for a hearing that could determine whether he receives a new trial.
Weinstein was convicted of the 2006 sexual assault of Mimi Haley, a one-time production assistant on the Weinstein-produced reality show “Project Runway.” Haley testified the “unthinkable” happened to her when Weinstein held her down on a bed and forced oral sex on her after she told him no.
The defense said two jurors subsequently claimed they were pressured to convict.
Judge Curtis Farber is set to decide whether he needs to hear testimony from those jurors before deciding whether to grant Weinstein’s motion for a new trial.
If the judge denies Weinstein’s motion for a new trial, defense attorneys said there are grounds to appeal his conviction.
Weinstein has not been sentenced on the Haley count and remains in custody at Rikers Island in New York City after nearly six years of confinement. A representative for the disgraced Hollywood producer said the 73-year-old is “medically fragile and in legal limbo.”
The jury was unable to come to a verdict on a charge that alleged Weinstein raped actress Jessica Mann in 2013. The Manhattan district attorney’s office said it intends to re-try Weinstein on that count, and during Thursday’s hearing, Farber is expected to decide when to move forward.
Mann broke down on the witness stand as she recounted meeting Weinstein when she was 27 and moved to Los Angeles to pursue acting. In March 2013, Mann said she was visiting New York when she accompanied Weinstein to a hotel room. She said he injected himself with an erectile medication and raped her. The defense questioned whether Mann was out for money and said she had consensual sex with Weinstein at other times.
The U.S. Embassy in Mexico released this photo of Ryan Wedding on Dec. 8, 2025. U.S. Embassy in Mexico
(NEW YORK) — A former Olympic snowboarder is one of the FBI’s most wanted fugitives, with authorities comparing the Canadian citizen to notorious drug lords like Joaquin “El Chapo” Guzman and Pablo Escobar.
The alleged drug kingpin — 44-year-old Ryan Wedding — is accused of heading a criminal enterprise that traffics tons of cocaine, engages in murder to further their aims and retaliate, and uses cryptocurrency to conceal their illicit profits.
Wedding faces multiple federal charges in the United States, where authorities have said he is responsible for trafficking “multi-ton quantities of cocaine” from Colombia. He is also wanted by authorities in Canada on separate charges, according to the Royal Canadian Mounted Police.
The FBI dubbed its operation into the alleged criminal organization “Giant Slalom” — a nod to Wedding’s Olympic event — and has warned the fugitive should be considered dangerous.
Wedding — whose alleged aliases include “El Jefe,” “Giant” and “Public Enemy” — is believed to be in Mexico, being protected by the Sinaloa cartel, according to the FBI.
Here’s a look at Wedding’s path from premier athlete to alleged drug kingpin.
Feb. 27, 1999
Wedding wins the bronze medal in the men’s parallel giant slalom event at the 1999 Junior World Championship.
March 8, 2001
Wedding wins the silver medal in the men’s parallel giant slalom event at the 2001 Junior World Championships.
Feb. 14, 2002
Wedding competes for Canada in the 2002 Winter Olympics in Salt Lake City, where he places 24th in the men’s giant parallel slalom.
June 13, 2008
Wedding is arrested in San Diego and subsequently charged with conspiracy to distribute cocaine, according to court records. According to the federal complaint, he conspired with two others to buy 24 kilograms of cocaine, unwittingly from an FBI source, as part of a Vancouver-based drug trafficking organization.
Nov. 30, 2009
A jury finds Wedding guilty of conspiracy to distribute cocaine.
May 28, 2010
A federal judge sentences Wedding to 48 months in prison.
Dec. 7, 2011
Wedding is released from U.S. federal prison. Federal prosecutors allege he would go on to found his criminal enterprise.
Nov. 20, 2023
Two parents are murdered in front of their daughter, who was also injured, in a case of mistaken identity in Ontario, according to federal prosecutors. Wedding and his alleged second-in-command — Andrew Clark, a fellow Canadian — had allegedly ordered the retaliatory murder of a Canadian drug trafficker, believing the driver had stolen 300 kilograms of cocaine from them, according to a federal indictment.
The assassin crew broke into a house that the family was renting, fatally shooting the two victims and seriously injuring a third, mistakenly believing they were family members of the co-conspirator, according to the indictment. The couple’s daughter was shot multiple times but survived, prosecutors said.
April 1, 2024
An individual was killed in Ontario, allegedly at the order of Clark and another man involved in the criminal enterprise, according to federal prosecutors.
May 18, 2024
Another individual is killed over a drug debt, allegedly at the order of Wedding and Clark, according to federal prosecutors.
June 18, 2024
A sealed, six-count indictment is filed against Wedding and Clark in Los Angeles federal court, charging them with running a criminal enterprise, committing murder in support of the enterprise and conspiring to distribute and export cocaine.
Sept. 17, 2024
A superseding indictment is filed in Los Angeles federal court against Wedding, Clark and 14 others. The 16-count indictment includes, among others, an attempted murder charge against Wedding and Clark.
The indictment alleges that the enterprise conspired to ship hundreds of kilograms of cocaine from Southern California to Canada. The cocaine was allegedly transported from Mexico to the Los Angeles area, where it was stored in stash houses before being transported to Canada via long-haul semi-trucks, according to the indictment.
The indictment also alleges the organization committed multiple murders to achieve its aims, including the killings and attempted murder of the family members in November 2023 in Ontario and the murders of the individuals in April 2024 and May 2024.
Wedding and others allegedly made billions of dollars through the enterprise, which was moved around in the form of cryptocurrency, prosecutors say.
Law enforcement has seized more than one ton of cocaine, three firearms, dozens of rounds of ammunition, $255,400 in U.S. currency and more than $3.2 million in cryptocurrency as part of its investigation into the so-called Wedding Drug Trafficking Organization, the DOJ says.
The FBI is offering a reward of up to $50,000 for any information leading to Wedding’s arrest.
Oct. 8, 2024
Clark is arrested by Mexican authorities, according to the Department of Justice. He is subsequently extradited to the U.S.
Oct. 17, 2024
On the same day federal prosecutors announce the superseding indictment, Wedding’s attorney allegedly advises him and Clark that if a federal witness were killed, the federal charges against them “would necessarily be dismissed,” according to a subsequent federal indictment.
Wedding then allegedly places a bounty of up to $5 million on the witness in exchange for “any person locating and killing” the individual, according to the indictment.
Jan. 31, 2025
The federal witness is killed while eating at a restaurant in Medellin, Colombia, by an unknown shooter, according to a federal indictment. The witness, who was not identified in the indictment, was shot in the head five times, prosecutors said.
Following confirmation of the witness’ death, Wedding allegedly facilitates an approximately $500,000 payment to members of the conspiracy in Colombia via an encrypted platform, according to the indictment.
March 6, 2025
Wedding is added to the FBI’s Ten Most Wanted Fugitives list.
The U.S. Department of State is now offering a reward of up to $10 million for his capture. The reward is “jointly being offered with assistance from the Canadian and Mexican governments as part of a unified effort to bring Wedding to justice,” the FBI says.
March 24, 2025
Clark pleads not guilty to his federal charges. His trial is set to begin in February 2026.
Oct. 28, 2025
A new federal indictment is filed against Wedding in Los Angeles federal court, accusing him of orchestrating the murder of the witness in Colombia. Eighteen others, including his Ontario-based lawyer, are also charged in the indictment in connection with his alleged criminal enterprise. The lawyer — who has not yet entered a plea — is accused of advising Wedding that if he killed the witness, then criminal charges against him in his 2024 federal narcotics case would be dropped, prosecutors said.
The indictment alleges that the criminal enterprise worked with members and associates of prominent Mexican drug cartels to move hundreds of kilograms of cocaine via boats and planes from Colombia to Mexico at a time, then used semi-trucks to smuggle the drugs across the U.S.-Mexico border.
Nov. 19, 2025
The U.S. Department of State increases its reward for information regarding Wedding to $15 million.
The U.S. Department of the Treasury’s Office of Foreign Assets Control also sanctions Wedding, as well as multiple individuals and entities closely associated with him.
Dec. 8, 2025
U.S. officials release new photos of Wedding. In one, a newly obtained photo released by the Los Angeles FBI office, Wedding is seen lying in a bed shirtless, with a prominent tattoo of a lion on his chest, in a photo authorities said is believed to have been taken in Mexico during the summer of 2025. In the other, shared by the U.S. Embassy in Mexico, Wedding is seen with a different haircut and facial hair in an undated photo.
Zoe Rosenberg speaks at the Sonoma County Superior Court in Santa Rosa, Calif., December 3, 2025. Gabrielle Lurie/San Francisco Chronicle via Getty Images
(SONOMA COUNTY, Calif.) — An animal rights activist who stole four chickens from a Petaluma Poultry slaughterhouse in California will have to serve jail time.
Rosenberg was convicted in November of felony conspiracy and three misdemeanors arising from a “coordinated” incursion at the poultry facility in 2023 during which she and other members of the animal rights organization Direct Action Everywhere (DxE) “unlawfully” entered the facility, removed live chickens, stole business records and interfered with commercial operations, according to prosecutors.
“Evidence at trial established that Rosenberg and individuals associated with her coordinated a series of unlawful entries into Petaluma Poultry over the course of two months in 2023,” the DA’s statement read.
“They involved disguises, nighttime breaches through a cut fence, covert movement through secured areas, photographing and stealing internal business records, and placing tracking devices on all twelve Petaluma Poultry transport trailers,” the press release added.
Zoe Rosenberg told ABC News that she was worried about getting appropriate medical care while incarcerated.
“I’m scared that in jail I won’t have access to the specific medical equipment and care I need, but even the possibility of dying in custody is less scary than the thought of ever giving up on the animals who desperately need help. I will never stop fighting for their rights and safety,” she said in a statement from DxE.
“I am filled with remorse for every animal I have failed to save,” Rosenberg said.
In a social media video, Rosenberg said she had to turn herself into authorities Dec. 10 and may have to pay a restitution fee.
“The judge is also ordering that I pay over 100,000 dollars in restitution, but we will have a hearing to debate that further,” she said on a TikTok video.
Andrea Staub, a spokesperson for Petaluma Poultry, told ABC News that the judge’s ruling affirms the rule of law.
“This decision underscores the seriousness of Direct Action Everywhere’s actions and upholds the rule of law. It affirms a basic truth: when you break the law, you’ll be held responsible,” Staub said.
“Dxe’s actions show a reckless disregard for employee safety, animal welfare, and food security. At Petaluma Poultry, we are committed to responsible farming, rigorous animal care and biosecurity standards, and delivering the safe, healthy food our consumers and customers rely on,” she added.
According to her X account, Rosenberg has participated in many protests for animal rights that include chaining herself to an NBA basketball hoop at a playoff game in 2022, dressing up as a Chick-fil-A employee to warn customers about animal rights at one location, and leading a satire “dog BBQ” at the University of California, Berkeley, where she pretended to make dog meat and threatened to cook a chihuahua.
In an archival TEDx Talk, Rosenberg said that social causes must be progressed with public acts of protest.
“Whatever cause is important to you, isn’t going to progress or win without non-violent, consistent, and bold acts of protest,” she said.
Rosenberg named the stolen chickens Poppy, Ivy, Aster and Azalea, according to her social media.
