The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
It's Friday! The end of the week hasn't offered solace for a bleeding crypto market, but at least you can think of what job you'll work in Trump's virtual world (as long as you don't get fired).
In today's newsletter, the team behind President Donald Trump filed a trademark application to create a Trump-branded metaverse, bitcoin falls beneath $80,000, MetaMask adds Bitcoin and Solana support and more.
Meanwhile, bitcoin mining firm TeraWulf saw 102% year-over-year revenue growth.
Let's get started.
The Trump team is exploring a Trump-branded metaverse, according to a recent trademark application.
Bitcoin had dropped 7.6% in the past day to $79,390, marking a new yearly low and persistent bearish sentiment among investors. At publication time, the price of bitcoin has parred some of its losses and trades around $84,200.
MetaMask will add support for Bitcoin and Solana this year, allowing users to access these ecosystems without other wallets or wrapped tokens.
U.S. spot bitcoin ETFs experienced $3.2 billion in net outflows over the past eight days amid a broader market sell-off.
Former Congressman Patrick McHenry has joined Ondo Finance as vice chairman of its advisory board.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
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