🚨 Trump Jr. Dives into Crypto World with Launch of Telegram Channel

Author

CoinGape Media
August 16, 2024

News

After creating hype ahead of a big crypto and DeFi announcement, Donald Trump Jr just launched the expected project's Telegram Channel

Donald trump Jr has launched the Official Telegram Channel for the family’s long-awaited crypto project. Taking to his official X account, he said the channel is particularly important in order to allay fears and misconceptions surrounding the project.

Kamala Harris' town hall for crypto reset failed to win industry support as the event lacked clarity, with critics dubbing it a "clown show."

The recent virtual town hall organized by the “Crypto For Harris” campaign aimed at garnering support for Kamala Harris’ potential presidency from the digital asset industry has failed. The event aimed at ‘crypto reset’ left many unimpressed and unconvinced, attracting backlash. Moreover, Gemini co-founder Tyler Winklevoss dubbed the event as “clown show.”

Donald Trump holds $1-5M in Ethereum and earns millions from NFTs, actively shaping the crypto landscape amid the US presidential elections.

Donald Trump, former President of the United States, has plunged into the crypto market and holds between $1 million and $5 million in Ethereum, as well as making millions in revenue from NFT rights deals. These were exposed in the recent election declaration, which showed the presidential candidate’s active participation in the digital asset ecosystem.

Markets

The crypto prices today have stirred up mixed sentiments across the broader market. BTC rested at the $58K level, while altcoins mainly slip. Besides, FTM price soars.

The crypto prices today have illustrated mixed actions, sparking investor speculations across the globe. Bitcoin (BTC) stood at the $58K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-3%. While Fantom (FTM) emerged among the top gainers, the global crypto market cap witnessed a 1.30% decrease in value to $2.05 trillion. Nonetheless, the total crypto market volume today saw a 6.21% increase to $74.38 billion.

Another 'Black Monday' market crash in the making as hedge funds and investors are returning to Yen carry trade after US retail sales data.

Japanese yen carry trade that crashed stock and crypto markets globally is making a comeback. Hedge funds and corporate clients are gradually getting back to using popular Japanese yen-focused carry trade to invest proceeds into high-yield assets. Are these early signs of another Black Monday?

BlackRock's Bitcoin and Ethereum ETFs surpassed Grayscale ETF AUM, marking a significant shift in the crypto investment arena.

For the first time ever, BlackRock’s Bitcoin and Ethereum ETFs have now surpassed Grayscale ETF offerings in terms of assets under management (AUM). This feat is attributed to the robust inflows into IBIT and ETHA since inception. However, the other ETF issuer lags behind as GBTC and ETHE witnessed heavy outflows despite the mini ETFs registering inflows.