Trump seems to recognize his official memecoin, down 85% from its all-time high, as a tool to measure public sentiment. United States President Donald Trump has signaled support for the idea that his official memecoin reflects public sentiment about his leadership. In a post on his social media platform Truth Social, Trump shared a Newsmax article discussing how his official cryptocurrency token serves as a gauge of political momentum, echoing views shared by some crypto industry figures. While the president may recognize his memecoin as a success barometer, the token’s market performance paints a more sobering picture if it’s to be used as a sentiment gauge. Read more
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The current streak of three consecutive trading weeks of inflows has accounted for approximately 25% of the total net inflows since the spot Ether ETFs launched in July 2024. US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows. On June 6, spot Ether (ETH) ETFs posted $25.3 million inflows for the trading day, extending the streak to 15 consecutive inflow days, according to Farside data. The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024. Read more