Trump-themed meme coin TRUMP breaks through $9
According to CoinGecko market data, the Trump-themed Meme coin MAGA (TRUMP) has broken through 9 US dollars and is currently trading at 9.48 US dollars, with a 24-hour increase of 52.4%.
Billionaire Bill Ackman: Officially Endorses Trump
Bill Ackman, founder and CEO of Pershing Square Capital Management, announced on X platform that he officially supports Trump. Bill Ackman stated that he made this decision after careful consideration and rational thinking, and referred to empirical data as much as possible. It is reported that the news of Bill Ackman's support for Trump was also retweeted by Elon Musk.
Possibly affected by the attack on Trump, the market value of the PolitiFi token sector increased by 14% in 24 hours
Market data shows that the PolitiFi token sector has traded over 300 million US dollars in the past 24 hours, reaching 315,727,759 US dollars, possibly due to the impact of the attack on Donald Trump. The market value of this sector has risen by 14.1% to nearly 900 million US dollars, currently reaching 895,193,277 US dollars.
Trump's cryptocurrency holdings rebound to over $10 million
According to data monitoring by Arkham, the value of cryptocurrency assets held by former US President Donald Trump's address has rebounded and exceeded the $10 million mark, currently reaching $10,853,273.51. However, it has dropped by about 65% from its high point of over $31 million in early June. The current holdings of this address mainly include:
JPMorgan Chase: Trump's election will lead to a surge in US inflation, and the market is not ready
According to analysts at JPMorgan, Donald Trump's re-election as president seems to be a path towards inflation, and the market may not be prepared for it yet. JPMorgan analysts stated in a report to clients that "the market seems to have yet to digest the risk premium of Trump's major policy on inflation impact during his campaign." JPMorgan listed the policy goals of Trump's campaign team, which included plans to extend the 2017 tax cuts, strictly limit immigration through the expulsion of illegal immigrants, and impose tariffs on imported goods. The report suggests that these measures could lead to inflation. Analysts also pointed out that Trump plans to replace Federal Reserve Chairman Jerome Powell after his term ends and "discuss" modifying laws to reduce the Fed's independence. However, the report also added that even if the Republicans control both houses of Congress, it seems unlikely that they will gain enough support to weaken the Fed's independence by amending the Fed Act. The report was released before the presidential debate, and its conclusion was that "Trump's policies overall could mean significant upward risks to inflation, inflation expectations, and US Treasury issuance." (DL News)
Trump campaign returns excess donations to Gemini
Donald Trump's campaign team has returned donations exceeding the legal limit to the United States cryptocurrency exchange Gemini's co-founders Cameron Winklevoss and Tyler Winklevoss. Earlier, Gemini co-founders Cameron Winklevoss and Tyler Winklevoss tweeted that they had each donated 1 million US dollars worth of Bitcoin (15.47 BTC) to the Trump campaign, exceeding the maximum limit of $844,600 per person that the Trump committee can legally accept.
Former US President Trump: Never ban TikTok
Former US President Trump said he "absolutely will not" ban the social media app TikTok. The report pointed out that for Trump, this is a major reversal, as he had tried to ban the app during his presidency in 2020. The report suggests that Trump's change in tone is due to his efforts to attract young voters, who are mostly active users of TikTok. The report stated that Trump recently joined the app and has already gained nearly 6 million followers. Meanwhile, President Biden's campaign team has just over 370,000 followers on TikTok. The report stated that Biden's campaign team strongly expressed their desire to use TikTok to reach young voters, despite President Biden signing a bill banning the social media app on the grounds of "national security concerns". (Reference News)
Trump raises $12 million at San Francisco tech event
According to sources cited by Reuters, President Trump raised $12 million at an event hosted by a tech venture capitalist in San Francisco. Attendees included cryptocurrency leaders such as Coinbase executives and Gemini co-founders Cameron Winklevoss and Tyler Winklevoss. A source familiar with the fundraising said the highest ticket price for the event was $500,000 per couple and all tickets were sold out.
The value of Trump's cryptocurrency holdings fell below $20 million, a three-day drop of nearly 20%.
According to Arkham data, former US President Donald Trump's holdings of cryptocurrency assets have fallen below $20 million, currently valued at $19,565,281.29, a drop of nearly 20% in three days (on June 5th, it was close to the high point of $32 million). His current major holdings include:
Foreign media: Trump accepts Bitcoin Lightning Network payment for campaign donations
According to Bitcoin Magazine, Donald Trump has become the first US president to accept campaign donations through the Bitcoin Lightning Network.