Former President Donald Trump's campaign has seen a surge in cryptocurrency donations, now exceeding $4 million, primarily in Bitcoin.
This marks a notable increase from last week’s $3 million.
Recent filings show Trump’s campaign has attracted substantial crypto contributions, including Bitcoin, Ethereum, and XRP. From April to June, the “Trump 47” fundraising committee raised over $118 million, benefiting Trump’s campaign and affiliated organizations.
The campaign has gained significant support from the crypto community, with 19 donors contributing over $2.15 million in Bitcoin alone.
Trump’s campaign, which began accepting crypto donations in May, has attracted major figures like Tyler and Cameron Winklevoss and Kraken’s Jesse Powell.
Special fundraising events, including the Bitcoin Conference 2024 in Nashville, are also drawing high-value contributions.
Trump’s involvement in the crypto sector raises speculation about future policies if he is re-elected, though some question the motives behind his crypto outreach.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.
Geopolitical conflict rattles markets, but history shows panic selling crypto in response is usually the wrong move.