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'MAGA' meme coin surges 78% after Trump's crypto endorsement

MAGA, a meme coin themed after former US President Donald Trump, surged 78% on Monday (local time) after the Republican presidential candidate made cryptocurrency-related comments. On August 8, Trump answered “yes” to a question at a dinner he hosted in Florida when asked if his campaign could accept cryptocurrency donations. He also claimed that the current US administration is against the crypto industry and emphasized to attendees that he is pro-crypto.

Following Trump's comments, MAGA's 24-hour trading volume surged 620% to $281.8 million, according to blockchain news outlet Cointelegraph, and its market capitalization of $281.8 million is ranked 248th on CoinGecko. Other political tokens also surged on the 9th, with TREMP tripling its gains with a 136% surge in 24 hours. The Independence Token (RFKJ), a token dedicated to supporting Robert F. Kennedy Jr.'s presidential journey, gained 24.4%.

Joe Biden (BODEN), a meme coin that refers to the misspelling of U.S. President Joe Biden's name, rebounded as much as 22% after Trump's comments.

ETH spot ETF hits $9.37 billion in trading volume on second day of trading, off to a strong start, but falls short of BTC

Ethereum spot ETFs have recorded $9.37 billion in trading volume on their second day of trading. Of these, Grayscale's ETHE topped the list with $4.86 billion, accounting for about 52% of the total volume. BlackRock's ETHA followed with $255 million and Fidelity's

blockchain crypto cryptocurrency Ethereum ETF launches favorable price Shelly Young (SpotedCrypto)

Ethereum ETF launches favorable price Shelly Young comments and Grayscale's Ethereum liquidity outflow

Hany Rashwan, CEO of crypto ETP issuer 21Shares, told Bloomberg that the launch of an Ethereum spot ETF has already been partially priced in. "Global macroeconomic and summer seasonal features have also impacted the price of ETH," he said. "While Bitcoin is a digital gold hedge, Ethereum

blockchain crypto cryptocurrency ethereum Spot ETF Debuts Successfully (Spoted Crypto)

ETH Spot ETF Debuts Successfully...Sustained Success Unclear

Bloomberg reported on April 24 that "Nine U.S. ETH spot ETFs surpassed $1 billion in trading volume on their first day of trading in what could be considered a blockbuster debut. However, it's unclear if the box office record can be sustained." "The rationale

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