Trump's Crypto Windfall: $1 Billion in Profits Amid Sector Slump

According to recent news, former US President Donald Trump's net worth has seen a significant boost thanks to his investments in the crypto sector. Over $1 billion in profits have been attributed to him from the slump of the sector.

The SEC has reopened its rulebook for ETFs, and this move is expected to benefit various funds including those related to cryptocurrency and prediction markets.

In other market updates, Circle's stock (CRCL) took a hit with a 17% drop. This was largely due to the backing of Open USD by prominent companies like Stripe, Coinbase, and BlackRock.

New York Life has also made headlines by debuting its tokenized bond fund in partnership with Centrifuge.