Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Donald Trump raised more than $3 million in cryptocurrency for Q2, most of which came from exchange co-founders. 10x Research signaled there may be trouble ahead and outflows hit over $100 million.Â
Trump campaign raises $3M in cryptocurrency for Q2
The Donald Trump re election campaign has raised around $3 million in cryptocurrency donations since May of 2024. This, according to Q2 filings from the Federal Election Committee.Â
The bulk of those donations came from individual donations from Cameron and Tyler Winklevoss, venture capitalists and founders of the Gemini cryptocurrency exchange, and Kraken co-founder Jesse Powell. Each committed to donating $1 million, but election regulations placed a limit of $844,600 per individual.
Ethereum ETF sell-off signals more trouble â 10x Research
The long-awaited launch of spot Ether exchange-traded funds (ETFs), which brought optimism to the market, quickly led to a sell-off and subsequent decline in the price of Ether.
According to the latest 10x Research report, this sell-off trend closely follows a familiar pattern seen by previous crypto ETF launches, including spot Bitcoin.
BlackRockâs iShares Ethereum Trust (ETHA), which posted the most robust inflows out of the group on July 23, only gathered $17.4 million from investors on July 24
The new spot funds were weighed down by another heavy day of selling from the recently converted Grayscale Ethereum Trust (ETHE), which hemorrhaged $326.9 million in outflows.
