Bitcoin and Ether ETFs saw outflows on Friday after the Fed reported rising core inflation, driven in part by Trump’s tariff policies. Spot Bitcoin and Ether ETFs recorded outflows on Friday as the Federal Reserve released key inflation data showing price pressures are creeping higher under President Donald Trump’s trade policies. According to SoSoValue data, Ether (ETH) ETFs saw a net outflow of $164.64 million, reversing five straight days of inflows that had added more than $1.5 billion to the asset class. Bitcoin (BTC) ETFs also turned negative with $126.64 million in net outflows, their first daily loss since Aug. 22. Total assets under management dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin. Read more
China’s control over crypto liquidity and its buying power gives Beijing unprecedented leverage over the Trump family’s digital fortune. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association China’s control over cryptocurrency liquidity in Hong Kong gives it unprecedented power over the Trump family’s crypto wealth. This leverage lets Beijing influence the family’s financial fate — and potentially US-China relations — through market moves. As Eric Trump visits Hong Kong, this crypto-political nexus signals a new era of global power. Cryptocurrency is no longer seen as just the new financial innovation around the block. Virtual assets have become powerful geopolitical instruments determining the fates of nations. Read more
Donald Trump Jr. has joined Polymarket’s advisory board as 1789 Capital invests in the platform, tying the prediction market more closely to US politics. Prediction market Polymarket has added Donald Trump Jr. to its advisory board after receiving a strategic investment from 1789 Capital, which describes itself as a politically aligned vehicle backing companies it sees advancing “American exceptionalism.” The companies did not reveal financial terms, but Axios estimated the investment at “double-digit millions of dollars." Trump Jr. became a partner in the fund in 2024. In a Tuesday statement, he said that "Polymarket cuts through media spin and so-called 'expert' opinion by letting people bet on what they actually believe will happen in the world." Read more
Trump’s firing of Federal Reserve Governor Lisa Cook has sparked a legal standoff and renewed concerns over the Fed’s independence. Update (Aug. 26, 2025, 2 PM UTC): This article has been updated to add commentary by crypto lawyer Aaron Brogan. US President Donald Trump announced the dismissal of Federal Reserve Governor Lisa Cook, raising questions about the reliability of the US dollar. In a Tuesday post, the White House Rapid Response X profile published a letter signed by Trump removing Cook from her role at the Federal Reserve. He accused her of having made false statements on one or more mortgage agreements and, addressing her directly, wrote: Read more
US President Donald Trump said Monday he hoped to meet again with North Korea’s Kim Jong Un, possibly this year, as he held White House talks with South Korea’s dovish new leader that got off awkwardly. Hours before President Lee Jae Myung arrived for his long-planned first visit to the White House, Trump took to […]
US President Donald Trump announced Friday that the draw for the 2026 World Cup will be held in Washington on December 5 — and then jokingly asked if he could keep the golden trophy for himself. The draw for the 48-team football championship will be held at the Kennedy Center in the US capital, where Trump recently installed himself as chairman in what he called a war on “woke” culture. “It’s the biggest, probably the biggest event in sports,” Trump, flanked by FIFA chief Gianni Infantino, said as he made the announcement in the Oval Office of the White House. The 2026 World Cup is being hosted by the United States, Canada and Mexico next year, and Trump has made a big deal about it happening during his presidency. Infantino, who has fostered close ties with the billionaire US president, brought the World Cup with him for the announcement and even let Trump get his hands on it. “Only the FIFA president, presidents of countries, and then those who win can touch it, because it’s for winners only. And since you ...