In today’s crypto news, Donald Trump Jr. has joined the advisory board of prediction platform Polymarket, major NFT collections experienced significant price surges, and Gemini climbed above Coinbase on the US Apple App Store charts shortly after launching an XRP Mastercard.
Trump Jr. joins Polymarket board as prediction market eyes US comeback
Polymarket has welcomed Donald Trump Jr. to its advisory board following a strategic investment from 1789 Capital, which identifies as a politically aligned entity supporting companies that promote “American exceptionalism.”
While financial terms remain undisclosed, Axios estimates the investment amount to be “in the double-digit millions.”
In 2024, Trump Jr. became a partner in the fund. In a statement on Tuesday, he expressed that “Polymarket provides clarity by allowing individuals to wager on what they genuinely believe will transpire.”
This investment comes as Polymarket seeks a regulated return to the US market, after being compelled to block users due to actions from the Commodity Futures Trading Commission (CFTC).
In 2022, the CFTC fined Polymarket $1.4 million for operating an unregistered swaps platform and mandated that it block American users. To regain a legal position, it acquired the CFTC-licensed derivatives exchange QCEX for $112 million in July 2025, coinciding with the conclusion of investigations by the CFTC and Department of Justice into the platform.
Blue chip NFTs sink double digits as ETH retreats from record highs
Blue-chip non-fungible token (NFT) collections experienced significant declines as Ether retreated from its all-time highs.
Data from decentralized finance aggregator DefiLlama indicates that leading projects have seen their floor prices drop by double digits over the last week. Collections such as Pudgy Penguins, Bored Ape Yacht Club (BAYC), and Doodles were notably affected.
Pudgy Penguins, leading the NFT collection by both 24-hour and 7-day volume, faced a 17.3% decrease, bringing its floor price down to 10.32 Ether (ETH). BAYC fell by 14.7% to 9.59 ETH, while Doodles experienced one of the largest corrections, plummeting 18.9% to 0.73 ETH. Other prominent collections, including Moonbirds and Lil Pudgys, saw declines of 10.5% and 14.6%, respectively.
Top NFT collections by trading volume. Source: DefiLlama
The decline in NFT floor prices coincided with a sharp retraction in ETH after reaching new all-time highs. On Monday, CoinGecko reported that ETH hit a new peak of $4,946. Following this, ETH declined by 12% on Tuesday to $4,342 before slightly recovering. At the time of writing, the crypto asset was trading at $4,433.
Gemini flips Coinbase on app store after XRP Mastercard launch
Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, overtook Coinbase in app store rankings following the introduction of an XRP-rewards credit card in partnership with Ripple Labs and Mastercard.
“This limited edition metal card offers up to 4% back in XRP instantly. No waiting, just stacking,” Gemini announced in an X post on Monday.
On Aug. 6, Gemini was ranked 117th in the finance category, while Coinbase held the 26th position. Source: Sensor Tower
According to Sensor Tower data Gemini has now surpassed Coinbase in the finance category, standing at 16th place and leaving Coinbase at 20th at the time of publication.
Gemini co-founder Tyler Winklevoss commented, “The flippening is accelerating” in an X post on Monday.
This shift is notable as Coinbase boasts over three times the daily trading volume of Gemini, as reported by recent data from Messari.
