$4.7 Billion Lost: Trump Crypto Projects and Circle's Big Sponsorship Deal

Public Citizen has released a report claiming that investors in five Trump-linked crypto projects are at least $4.7 billion underwater, largely due to unrealized losses.

The largest loss relates to the TRUMP memecoin, with an estimated $3.2 billion lost by approximately 1 million retail wallets, although only about $400 million of this has been realized as a loss.

Meanwhile, Circle has struck a sponsorship deal with Chelsea, featuring USDC branding on the Premier League club's shirts from this season.

The Bitwise Solana Staking ETF, BSOL, has become the first Solana ETF to hit $1 billion in assets under management just 10 months after its launch.