In today’s episode of CNBC’s Crypto World, host Brandon Gomez discusses several key developments in the cryptocurrency landscape. Notably, a financial disclosure reveals that former President Donald Trump owns over $1 million in crypto, a substantial shift from his earlier criticism of digital currencies as “scams.” This pivot aligns with his campaign’s increasing acceptance of crypto donations and outreach efforts to build a “crypto army.”
The show’s market update highlights the downturn in digital currencies, with Bitcoin dipping over 2.5% and Ethereum also experiencing losses. Meanwhile, a report from Chainalysis indicates that the value of crypto hacks surged to $1.6 billion in the first half of the year, despite the number of hacks remaining relatively stable.
In a conversation with Vance Spencer, co-founder of Framework Ventures, they explore current venture capital trends, particularly the focus on tokenization and the increasing interest in Bitcoin and Ethereum ETFs. Spencer emphasizes that interest in decentralized finance (DeFi) remains strong despite regulatory uncertainty. He forecasts potential substantial inflows from institutional investors as they begin to explore crypto ETF offerings. The discussion wraps up with insights into the evolving market dynamics, fueled by newer demographics interested in digital assets.
