📌 TOPINDIATOURS Eksklusif crypto: Michael Saylor, Crypto Titans Lost Billions Afte

Several of the crypto industry’s most prominent figures saw their personal fortunes shrink sharply in 2025, as a violent market reversal in October wiped out gains accumulated earlier in the year.

According to the Bloomberg Billionaires Index published on Wednesday, Michael Saylor, executive chairman of Strategy, lost $2.6 billion over the past 12 months, reducing his net worth to $3.8 billion.

The losses followed an October flash crash that sent Bitcoin and crypto-linked equities sharply lower after months of strong performance.

Bitcoin Pullback Wipes Out Gains From Strategy’s Aggressive Treasury Bet

Bloomberg noted that Strategy’s aggressive Bitcoin treasury strategy delivered outsized gains through early October, when Bitcoin reached fresh record highs.

That momentum quickly reversed as Bitcoin prices slid, dragging Strategy’s share price down by more than 50% and cutting nearly $6 billion from Saylor’s net worth from its peak.

Other major crypto figures were also hit. Changpeng Zhao, known as CZ, saw his fortune decline by about 5% since Jan. 1, leaving his estimated net worth at $50.9 billion, according to Bloomberg.

Meanwhile, Cameron Winklevoss and Tyler Winklevoss were among the hardest hit, with the twins losing roughly 59% of their combined wealth over the same period as crypto prices slid and trading volumes cooled.

The losses stood in contrast to broader billionaire wealth trends. Bloomberg reported that just eight individuals accounted for roughly 25% of the $2.2 trillion in total gains among billionaires in 2025, underscoring how uneven the year was across industries.

Not all crypto-linked executives fared poorly.

Jeremy Allaire, chief executive of stablecoin issuer Circle, reportedly increased his net worth by 149% since June, buoyed by growing interest in dollar-backed stablecoins and the passage of the US GENIUS Act, which established a federal framework for payment stablecoins.

Despite the volatility, corporate interest in digital asset treasuries continued to grow.

Data from Bitcointreasuries.net shows that 192 public companies now hold Bitcoin on their balance sheets, up sharply from a year earlier.

Bitcoin itself remains under pressure. The cryptocurrency is down about 7% since the start of 2025, after peaking above $126,000 in October before falling to around $80,000 by late November.

Bitwise CIO Sticks to Bullish 2026 Bitcoin Outlook

Bitwise chief investment officer Matt Hougan has downplayed expectations that US politics will drive the next leg higher.

While Bitcoin rallied to fresh highs earlier in 2025 following Donald Trump’s inauguration, Hougan said the administration is unlikely to unlock significant new upside.

Looking ahead to 2026, the industry remains divided. Fidelity’s director of global macro research, Jurrien Timmer, has suggested 2026 could be a pause year, with prices potentially sliding toward $65,000.

Others remain more optimistic. Strategy CEO Phong Le has argued that Bitcoin’s underlying fundamentals held up throughout 2025 despite weaker prices, while Bitwise chief investment officer Matt Hougan said earlier this year that he expects 2026 to be an “up year” for the asset.

According to Linh Tran, market analyst at XS.com, Bitcoin’s recent price action underscores the market’s sensitivity to monetary policy expectations rather than headline economic data.

The post Michael Saylor, Crypto Titans Lost Billions After October Market Crash appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 TOPINDIATOURS Breaking crypto: Crypto Promotion Lawsuit Against Billionaire Mark

A US federal judge threw out a crypto investor lawsuit against Mark Cuban and the Dallas Mavericks, ending a case that tried to pin Voyager Digital’s collapse on celebrity-style promotion and team marketing.

Judge Roy K. Altman of the US District Court for the Southern District of Florida said in an order dated Friday that the plaintiffs failed to establish personal jurisdiction over Cuban and the team, and the court lacked a sufficient connection between Florida and the alleged promotion.

Cuban’s Personal Investment Remarks Drew Legal Scrutiny

The suit, filed in 2022, argued that Cuban pushed fans toward Voyager’s interest-bearing accounts after he said at an Oct. 2021 Mavericks news conference that he had personally invested in the company.

It also pointed to a Mavericks post that offered $100 in Bitcoin to customers who downloaded Voyager’s app, opened an account, deposited $100, and made one trade.

Cuban’s lawyers argued the Florida court had no jurisdiction over Cuban or the team, and said he warned people to be careful with their money.

Voyager Once Held Billions Before 2022 Bankruptcy

Brown Rudnick, which represented Cuban and the Mavericks, said Judge Altman dismissed the case without prejudice after years of litigation and jurisdictional discovery, adding that nationwide promotions did not amount to purposeful targeting of Florida residents under the state’s long arm statute and due process limits.

“We couldn’t be more pleased with the absolute right result,” Steve Best, lead counsel for Cuban and the Mavericks, reportedly told ESPN.

“I suspect that the plaintiffs will consider filing in another jurisdiction. … I look forward to defending Mark and the Mavericks in any jurisdiction in this country. “Mark doesn’t settle when he believes he is on the right side of the law.”

The case sits within a broader wave of lawsuits aimed at athletes and celebrities who promoted crypto platforms that later failed, including Voyager, which filed for bankruptcy in July 2022.

Voyager reportedly held more than $5B in assets in 2021 and counted nearly 3.5M investors before its collapse.

Cuban has since sold his majority stake in the Mavericks to casino magnate Miriam Adelson.

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🔗 Sumber: cryptonews.com