{"id":13681,"date":"2025-07-03T17:50:14","date_gmt":"2025-07-03T15:50:14","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13681"},"modified":"2025-07-03T17:50:14","modified_gmt":"2025-07-03T15:50:14","slug":"todays-crypto-market-highlights-3","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/03\/todays-crypto-market-highlights-3\/","title":{"rendered":"Today’s Crypto Market Highlights"},"content":{"rendered":"

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Today in the cryptocurrency realm, over 40 counterfeit Firefox add-ons mimicking well-known crypto wallets have been utilized in an ongoing effort to seize users\u2019 wallet information, Ripple is seeking a national banking charter in the United States, and US President Donald Trump\u2019s fortune has increased by $620 million from his crypto endeavors.<\/p>\n

Firefox users targeted by wallet imitation scheme<\/h2>\n

More than 40 fraudulent add-ons for the widely-used Mozilla Firefox browser have been associated with an ongoing malware scheme<\/a> aimed at stealing cryptocurrencies, according to a report released Wednesday by cybersecurity firm Koi Security.<\/p>\n

The massive phishing<\/a> campaign reportedly<\/a> utilizes extensions that mimic wallet tools<\/a> like Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, MyMonero, Bitget, and others. Upon installation, these malicious add-ons are designed to acquire users\u2019 wallet credentials.<\/p>\n

\u201cCurrently, we have linked over 40 distinct extensions to this ongoing and very active campaign,\u201d stated the company.<\/p>\n

Koi Security indicated that this operation has been running since at least April, with the latest extensions uploaded last week. The reported extensions retrieve wallet credentials directly from targeted sites and send them to a remote server managed by the attacker.<\/p>\n

Source: <\/em>SlowMist<\/em><\/a><\/figcaption><\/figure>\n

Ripple seeks US banking charter amid crypto push for legitimacy<\/h2>\n

The crypto entity Ripple Labs is seeking a banking charter<\/a> in the US, following a similar action by stablecoin issuer Circle Internet Group, as crypto companies aim to be regulated to strengthen relationships with traditional finance.<\/p>\n

Ripple CEO Brad Garlinghouse stated<\/a> on X on Wednesday that the company is applying for a license with the US national banking regulator, the Office of the Comptroller of the Currency (OCC), confirming a previous report<\/a> from The Wall Street Journal.<\/p>\n

\"Coinbase,
Source: <\/em>Brad Garlinghouse<\/em><\/a><\/figcaption><\/figure>\n

\u201cIn line with our long history of compliance, Ripple is applying for a national bank charter from the OCC,\u201d he noted.<\/p>\n

Garlinghouse explained that if the charter is granted, it would establish a \u201cnew (and distinctive!) standard for trust within the stablecoin market\u201d as the firm would fall under both federal and state supervision \u2014 with the New York Department of Financial Services already regulating its<\/a> Ripple USD (RLUSD) stablecoin.<\/p>\n

Trump\u2019s crypto pursuits have augmented his net worth by $620 million \u2014 Report<\/h2>\n

US President Donald Trump, with an estimated net worth exceeding $6 billion, has reportedly added at least $620 million to his assets<\/a> in just months, attributed to efforts tied to the cryptocurrency space.<\/p>\n

According to a Bloomberg report released Wednesday, Trump\u2019s crypto assets made up<\/a> \u201ca significant portion\u201d of his wealth for the first time, largely due to gains from his family-supported crypto initiative World Liberty Financial and his personal memecoin, Official Trump (TRUMP<\/a>).<\/p>\n

Though the majority of his wealth comes from his media company, Trump Media and Technology Group, and real estate holdings, crypto ventures reportedly contributed about 9% of his riches as of June.<\/p>\n

\"Coinbase,
Breakdown of Donald Trump\u2019s sources of wealth as of June 2025. Source: <\/em>Bloomberg<\/em><\/a><\/figcaption><\/figure>\n

Trump and his three sons allegedly earned $390 million from the $550 million in token sales<\/a> at World Liberty Financial and collectively possess over $2 billion in the company\u2019s governance tokens, WLF. Furthermore, the business might have netted $100 million from a $2 billion agreement<\/a> in which Abu Dhabi-based investment firm MGX utilized the platform\u2019s USD1 stablecoin to facilitate an investment in crypto exchange Binance.<\/p>\n

Regarding his memecoin, which faced backlash from numerous US legislators<\/a> following the president\u2019s announcement of a dinner for the top 220 tokenholders and a \u201cVIP tour,\u201d Trump\u2019s stake was reportedly worth approximately $150 million. However, millions of TRUMP tokens are expected to be gradually released over the coming three years, and it remains uncertain whether the president will be entitled to receive additional tokens.<\/p>\n