🌙 Trump Backs Crypto

The former US president embraced the industry on Wednesday during at a dinner at his Mar-a-Lago resort for holders of his different NFT collections.

Author

Mike Gavela
May 10, 2024

In partnership with

Crypto Roundup - May 10

Former President Donald Trump has recently expressed strong support for cryptocurrencies, marking a significant endorsement from a prominent political figure. Meanwhile, Wells Fargo, a major banking institution, disclosed its investments in Bitcoin ETFs, indicating growing acceptance of crypto within traditional financial sectors. In a related development, a Hong Kong issuer is exploring options to make its Bitcoin ETF accessible to mainland Chinese investors through the ETF Connect program, potentially opening a substantial new market.

Top Stories:

  • Trump Endorses Cryptocurrencies: Former President Donald Trump has voiced his approval for cryptocurrencies, stating that he is "good with it."

  • Wells Fargo Invests in Bitcoin ETFs: Wells Fargo has revealed its investments in Bitcoin ETFs, signaling a shift towards incorporating cryptocurrencies in traditional banking portfolios.

  • Hong Kong to Mainland China ETF Bridge: A Hong Kong issuer plans to extend its Bitcoin ETF to mainland China, potentially allowing mainland investors access via the ETF Connect program.

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TOP STORIES

Trump backs crypto in strongest terms yet: ‘I’m good with it’

Trump's comments excited the crypto community, who rallied behind him on social media platforms.

www.dlnews.com/articles/people-culture/trump-backs-crypto-in-strongest-terms-yet-im-good-with-it

Banking Giant Wells Fargo Reveals Investments in Bitcoin ETFs - Decrypt

Wells Fargo has disclosed exposure to Bitcoin via several crypto product investments, a filing with the SEC shows.

decrypt.co/230234/banking-giant-wells-fargo-reveals-investments-bitcoin-etfs

Hong Kong issuer seeks spot Bitcoin ETF for mainland China

The CEO of Harvest, an issuer of a spot Bitcoin ETC in Hong Kong, is looking to make its Bitcoin ETF accessible to mainland Chinese investors.

cointelegraph.com/news/hong-kong-enable-spot-bitcoin-etf-mainland-china

FUNDRAISES

OTHER HEADLINES

Lightning Labs Is Bringing Stablecoins to the Bitcoin Blockchain: CEO - Decrypt

CEO Elizabeth Stark said that Lightning Labs has tested a demo transaction of an asset created using its Taproot Assets protocol.

decrypt.co/230216/lightning-labs-stablecoins-on-bitcoin-blockchain-ceo

Bitcoin hacker who took $72m returns funds in exchange for $7.2m as ‘bounty’

A victim who lost $72 million in wrapped Bitcoin to a phishing attack will get 90% of the funds returned after negotiating with the attacker.

www.dlnews.com/articles/defi/bitcoin-hacker-who-took-72m-usd-return-funds-to-victim

The wildest details from FTX’s $15bn bankruptcy plan

FTX’s new bankruptcy plan includes the word “quintillion.”

www.dlnews.com/articles/regulation/the-wildest-details-from-the-ftx-bankruptcy-plan

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