According to Financial Times, on May 1, Donald Trump Jr. and Eric Trump merged their shell company with a Kazakhstan critical minerals group that received $1.6 billion in U.S. government support. The tungsten mining project involves deposits in northern Kazakhstan’s Katpar and Upper Kairakty regions. Trump Jr. joined the company’s advisory board and acquired equity stakes in late 2024, with financing provided by the U.S. Export-Import Bank and other institutions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump says the Iran war has been “terminated”: rushing to avoid congressional authorization before the 60-day deadline
The Trump administration claims that the April ceasefire ended the war with Iran, pausing the authorization clock for 60 days, and that before the May 1 deadline it can be exempt from congressional authorization. Experts say the text contains no “pause-the-clock” mechanism, and the dispute remains; Collins and other Republicans also voted in favor, showing that this interpretation faces challenges. If a court or Congress accepts it, future presidents may be able to use a ceasefire to end hostilities and evade authorization. Oil prices remain elevated, the Japanese yen is strengthening, and geopolitical risks in the Middle East have not been resolved.
ChainNewsAbmedia3h ago
Hormuz Strait Blockade Enters Third Month as U.S. Plans Military Action, Iran Warns of 'Long and Painful' Strikes
According to Reuters and Axios, on May 1, the Hormuz Strait blockade entered its third month amid escalating U.S.-Iran tensions. Iranian Revolutionary Guards officials warned that any new U.S. military strikes, regardless of scale, would trigger "long and painful" attacks on American military
GateNews6h ago
Stable Sea Integrates WisdomTree Tokenized Treasury Fund, Offering $857.64M WTGXX at 3.43% Yield on April 29
On April 29, stablecoin management platform Stable Sea integrated WisdomTree's tokenized U.S. Treasury money market fund (WTGXX) into its platform, enabling corporate clients to deploy idle operating cash into yield-bearing government securities on blockchain infrastructure. As of April 28, WTGXX
GateNews9h ago
Geopolitical Tensions Push WTI to $101.45; Central Banks Hold Hawkish Stance Amid UK May 7 Election
Geopolitical supply disruptions and synchronized central bank hawkishness are sustaining elevated energy prices and inflation pressures across global markets. WTI crude oil remains firmly above the $100 threshold at approximately $101.45, driven by ongoing US naval blockade of Iranian ports and
GateNews11h ago
UN Chief Warns Strait of Hormuz Closure Would Cut Global Growth to 2.5%, Spike Inflation to 5.4%
According to UN Secretary-General António Guterres, on April 30, the continued closure of the Strait of Hormuz would trigger severe economic consequences. If the strait remains closed through mid-year, global economic growth would fall to 2.5%, inflation would rise to 5.4%, 32 million additional peo
GateNews16h ago
Hassett Considers Increasing U.S. Oil Production, Plans Ongoing Talks With Oil Companies
According to Odaily, White House National Economic Council Director Hassett stated the administration is considering increasing U.S. oil production soon and will maintain ongoing communication with oil companies to discuss how to boost domestic production.
GateNews16h ago
