In today's episode of the weekly recap: Donald Trump changes his mind on cryptocurrencies; Transaction volume is decreasing in the NFT market; and exchange-traded funds (ETFs) are seeing a resurgence in inflows. 📉

Trump favors cryptocurrency community

The 2024 GOP presidential candidate has publicly expressed support for the crypto industry. Trump called on his supporters to donate digital assets to his campaign.

Global regulatory developments

The Philippines' Securities and Exchange Commission (SEC) has announced plans to implement far-reaching crypto regulations in the second half of this year.

NFT market is declining

This past week saw a decline in volume in the broader NFT market, with total weekly volume falling 11.16% to $144.3 million.

Grayscale touts spot ETF revival

This week's reports confirmed that the spot crypto ETF market is experiencing a resurgence in inflows. However, ETF analysts are doubtful whether this trend will continue.