Trump Media stock and WLFI coin saw declines but he is still $2.7bn wealthier than when he won election in 2024

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Donald Trump’s wealth is falling along with his political fortunes.

Tradable investment assets that helped make the president more than $2bn during his first year in office are collapsing in value the day after the Democrats trounced the Republicans in the midterm elections. Trump Media and Technology Group stock, which trades on the Nasdaq exchange, was priced at just over $5 on Wednesday morning – its lowest mark ever, and down from an all-time high of $101. It lost 11% overnight, dropping from $5.90 once the election returns started coming in. Trump has reported he owns 114m shares of DJT.

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

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The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.