JUST IN: 🇺🇸 President Trump says the US is "dominating" in Bitcoin and crypto, "and we are going to keep it that way."
Odaily Planet Daily News: Uniswap Foundation has released its Q1 financial summary as of March 31, 2025, showing that after implementing the "Uniswap Unleashed" governance proposal, the foundation holds a total of $95 million in assets, including $53.4 million in cash and stablecoins, 15.8 million UNI tokens, 257 ETH, and 5 million UNI external mortgage loan arrangements. The foundation expects operating funds to support until January 2027, including a total of $115.1 million for grants and incentives ($99.8 million committed for 2025-2026 and $15.3 million already committed for disbursement), and $33.3 million for operating and employee incentive expenses. During Q1, the foundation promised a new allocation of $12.4 million, but actually disbursed $2.1 million, accounting for nearly 80% of the long-term allocation from 2026 to 2029. The foundation also confirmed Q1 operating expenses of $1.9 million and raised $140 million in donations through governance as its main source of income.
On May 23rd, according to Onchain Lens monitoring, a whale address deposited 1000 ETH worth $2.65 million into Kraken after being dormant for 10 months. The wallet still holds 1500 ETH worth 4 million US dollars.
According to the Associated Press, three insiders revealed that US President Trump has raised at least $600 million in political donations for the midterm elections. In modern politics, this is an unprecedented number, especially for a "lame duck" president who is prohibited from running again by the US Constitution. According to insiders, Trump's ultimate goal is to raise $1 billion or more and take control of both houses of Congress by November next year. Trump is eager to reverse the trend of Republican candidates often being surpassed by Democrats and hopes to maximize his presidential influence. The remaining funds after the end of his term can help him maintain his enormous influence over the Republican Party, consolidating his position as the most influential decision-maker and potential sponsor in 2028 and beyond. It is reported that out of the 100 seats in the US Senate, 53 are held by Republicans; Out of 435 seats in the House of Representatives, 220 are held by Republicans, who hold a majority in both houses. Most members of the US Congress will be re elected in midterm elections, including all 435 seats in the two-year House of Representatives and 33 or 34 seats in the 100 seat Senate. New members will have a full six-year term, and by elections will complete the remaining term. Mid term elections are usually held on the first Tuesday of November in the election year.
Odaily Planet Daily News: According to official sources, Believe, the Web3 launch platform, announced an adjustment to the listing process. Due to the recent emergence of a large number of tokens without actual project support, the automatic listing function published through the @ launchcoin account has been temporarily suspended. The project party can still submit applications through the official website, and all projects will be manually reviewed before being published. At the same time, the original "Featured" tag will be renamed "Verified", indicating that the project has had basic communication with the team and demonstrated a genuine willingness to build. Although the official does not guarantee its legality, they will make every effort to review the submitted verification requests. The new mechanism will gradually be launched on the same day.
According to BlockBeats, on May 23rd, The Wall Street Journal reported, citing insiders, that Steve Witkoff, Trump's Middle East envoy, had flown to the United Arab Emirates to discuss regional issues and participated in a crypto themed conference a month before Trump's inauguration. Zach Witkoff, son of Steve Witkoff and founder of World Liberty Financial, will compare Trump to a "godfather" when promoting cryptocurrency companies, and say that WLFI will be able to fully utilize the changing cryptocurrency regulatory policies in the United States. Zach Witkoff had met with several senior government officials in Pakistan, and a few weeks later, these officials negotiated with the Trump administration regarding the India Pakistan ceasefire agreement. Zach Witkoff suggested to them that WLFI could use blockchain technology to tokenize the buying and selling of rare earth minerals in the country. The person who helped WLFI arrange some overseas trips was Binance founder CZ. A WLFI spokesperson stated that CZ was only a friend of Zach Witkoff, but not a "middleman". In addition, the WLFI team has also discussed token purchases with other companies in the Gulf region, suggesting that such transactions may benefit their expansion plans in the United States. But the company spokesperson denied this claim.