
Trump-Linked Crypto Token Buyers Face $3.8 Billion in Losses Amid Market Downturn
Buyers of TRUMP and WLFI tokens, associated with Donald Trump, have collectively lost an estimated $3.8 billion, with TRUMP down 96% from its peak.

◆ Top story // Markets
Researchers from Schwab and Hashdex suggest Bitcoin's market disconnect from record-high stocks is temporary, citing AI's capital diversion.

Buyers of TRUMP and WLFI tokens, associated with Donald Trump, have collectively lost an estimated $3.8 billion, with TRUMP down 96% from its peak.

Europe's landmark Markets in Crypto-Assets (MiCA) regulation, fully applicable by December 30, 2024, faces critical implementation challenges across its 27 member states.

European Union regulators are moving to block retail investors from multibillion-dollar prediction markets, prioritizing product function over labeling for compliance.

John Bollinger, creator of Bollinger Bands, suggests Bitcoin's recent rebound signals a potential bear-market end, eyeing a "W"-shaped reversal pattern.

The U.K. FCA's new crypto framework, prioritizing global liquidity and institutional adoption, faces daunting authorization hurdles for firms.

Digital banking platform Revolut will delist Tether (USDT) after August 31, citing regulatory and risk concerns, with remaining holdings converted to base currency.

Tim Draper denied moving 1,000 BTC to Coinbase Prime after blockchain analysts linked him to the transfer, reaffirming his $250,000 prediction.

XRP climbed by 8% today, with its 30-day and 365-day MVRV ratios hitting unprecedented lows of -45% and -47% according to Santiment.

Bitcoin's current cycle saw $697 billion in new capital generate a 689% gain, suggesting $1 trillion may be needed for its next parabolic run.

The Major County Sheriffs of America has reportedly ended its opposition to the CLARITY Act, a legislative proposal targeting illicit finance.

Bitcoin and Ether experienced a relief rally, with spot BTC ETFs recording a significant $221 million inflow on July 2.

Bitcoin's Profit and Loss (P&L) ratio has plummeted to a **43-month low**, leading experts like Bitwise CIO Matt Hougan to suggest a market bottom is near.

Solana's SOL token rallied significantly, fueled by a surge in interest for Solana-network memecoins and increased prediction market activity.

Senator Kirsten Gillibrand has proposed a ban preventing members of Congress, the US president, and their spouses from issuing or sponsoring digital assets.

Sanctioned Russian stablecoin A7A5 claims billions in trading, but blockchain analysts report sharply fallen volumes this year.

Former US President Donald Trump disclosed earning more than $1 billion from crypto ventures during his time in office, asserting there was 'nothing wrong' with the windfall.

The European Securities and Markets Authority (ESMA) warned that many prediction market event contracts are already subject to an EU retail ban.

MicroStrategy has authorized the sale of its Bitcoin holdings, signaling potential shifts in corporate crypto strategies.

Bitcoin achieved its highest point in July, coinciding with the **Dow Jones** and **global stock market capitalization** reaching new all-time records.

EU regulators are poised to enforce MiCA differently as the transition period ends, requiring unauthorized crypto companies to wind down operations.

Cryptocurrency exchange Upbit has stated its interest in the OpenStandard ecosystem and OUSD initiative is limited to potential future participation.

Belgian authorities have apprehended the suspected leader of a European phishing gang responsible for stealing over $572,000 and laundering it via cryptocurrency.

President Donald Trump has reported at least $1.4 billion in crypto income for 2025, sparking debate over political ethics and crypto regulation.

John Bollinger, creator of Bollinger Bands, suggests Bitcoin's recent rebound signals a potential bear-market end, eyeing a "W"-shaped reversal pattern.

Tim Draper denied moving 1,000 BTC to Coinbase Prime after blockchain analysts linked him to the transfer, reaffirming his $250,000 prediction.

Bitcoin's current cycle saw $697 billion in new capital generate a 689% gain, suggesting $1 trillion may be needed for its next parabolic run.

An Ethereum Institutional launch is drawing ecosystem support as new entities like EthLabs emerge and the Ethereum Foundation addresses community feedback.

The Ethereum Foundation's new policy guide advises policymakers to distinguish between decentralized public blockchains and corporate-controlled networks for public sector applications.

An independent nonprofit, backed by Joe Lubin, BitMine, and SharpLink, has launched to spearhead institutional adoption of Ethereum.

Buyers of TRUMP and WLFI tokens, associated with Donald Trump, have collectively lost an estimated $3.8 billion, with TRUMP down 96% from its peak.

XRP climbed by 8% today, with its 30-day and 365-day MVRV ratios hitting unprecedented lows of -45% and -47% according to Santiment.

Solana's SOL token rallied significantly, fueled by a surge in interest for Solana-network memecoins and increased prediction market activity.

eToro has invested in onchain derivatives platform Extended, planning to integrate perpetual futures into its Zengo wallet and expand DeFi offerings.

Aave has launched its V3 lending protocol on Monad, backed by $15 million in incentives, expanding its reach with 12 supported assets and its GHO stablecoin.

Yield-bearing stablecoin supply fell 15% in Q2, ending a three-year growth streak for crypto-native products as Treasury-backed options gained traction.

NFT brand Pudgy Penguins is launching its new Vibes Series 3 trading cards in Target stores nationwide, marking a significant expansion into mainstream retail.

The popular NFT project Pudgy Penguins has announced the closure of its mobile battle royale game, Pudgy Party, shifting focus to its immersive Pudgy World experience.

Pudgy Penguins is halting development of its mobile game, Pudgy Party, to concentrate resources on its immersive virtual world, Pudgy World.

Europe's landmark Markets in Crypto-Assets (MiCA) regulation, fully applicable by December 30, 2024, faces critical implementation challenges across its 27 member states.

European Union regulators are moving to block retail investors from multibillion-dollar prediction markets, prioritizing product function over labeling for compliance.

The U.K. FCA's new crypto framework, prioritizing global liquidity and institutional adoption, faces daunting authorization hurdles for firms.

Researchers from Schwab and Hashdex suggest Bitcoin's market disconnect from record-high stocks is temporary, citing AI's capital diversion.

Bitcoin and Ether experienced a relief rally, with spot BTC ETFs recording a significant $221 million inflow on July 2.

MicroStrategy has authorized the sale of its Bitcoin holdings, signaling potential shifts in corporate crypto strategies.