Billionaires Elon Musk and Jeff Yass, along with crypto industry donors, helped President Donald Trump raise $236 million for his political campaign in the first half of 2025. Recent filings with the Federal Election Commission show that this fundraising effort included donations to three leadership political action committees, joint fundraising committees, and an allied super PAC, leaving Trump with $274 million in cash. This represents a significant amount of campaign funds he can deploy for Republican House and Senate candidates in the midterm elections. During the period, Trump's super PAC, MAGA Inc., raised $177 million. Foris DAX Inc., the parent company of the crypto exchange Crypto.com, donated $10 million, and Blockchain.com Inc. donated $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each donated $3 million, while billionaire twins Tyler and Cameron Winklevoss donated a combined total of just over $2 million. MAGA Inc. also received a $5 million donation from Musk. (Bloomberg)

According to Odaily Planet Daily, Truth Social's parent company, Trump Media, reported a net loss of $20 million in Q2, with its stock price falling 3.8%. Approximately $15 million of this loss was in legal fees related to the SPAC merger. The company purchased $2 billion in Bitcoin in July, currently the fifth-largest publicly traded Bitcoin holder globally. It also plans to launch a utility token tied to Truth Social and Truth+. Furthermore, its digital asset ETF proposal has been submitted to the SEC, with review extended to September 18. (The Block)

According to Odaily's OKX market data, ETH has broken through 3500 USDT and is now trading at 3501 USDT, a 24-hour increase of 2.92%. (This newsletter was generated with AI assistance.)

Odaily Planet Daily reported that Satoshigallery posted on the X platform that the Satoshi Nakamoto sculpture had been found and expressed gratitude to the Lugano City Government. It was reported that the sculpture was thrown into a nearby lake.

Odaily Planet Daily reported that when talking about the selection of the next Federal Reserve Chairman, Hassett, Director of the White House National Economic Council, said that US President Trump is actively looking for candidates with Treasury Secretary Bensont.

According to Odaily Planet Daily, U.S. Trade Representative Greer stated on August 3rd local time that the new round of tariffs imposed by President Trump on several countries last week are "essentially set" and will not be adjusted during the current negotiations. These tariffs include 35% tariffs on imports from Canada, 50% tariffs on Brazil, 25% tariffs on India, and 39% tariffs on Switzerland. Greer stated that some tariffs are set based on bilateral trade surpluses and deficits, and that "these rates are essentially fixed." (Jinshi)