Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Trump Coins Debut as His Campaign Faces Donation Shortfalls Against Harris

Source Beincrypto

Former US President Donald Trump has launched his first official commemorative silver coin, called “Trump Coins.”

This move comes as Trump’s campaign faces dwindling donations, impacting his election prospects.

Trump Coins Arrive as Campaign Trails Harris

On September 21, Donald Trump introduced the first edition of his Official Trump Coins. These limited-edition silver medallions, named “The President Donald J. Trump First Edition Silver Medallion,” will be available for purchase starting Wednesday, September 25, 2024. Each coin is priced at $100, according to the Trump Coins website.

Indeed, Trump emphasized that the coins symbolize America’s greatness, celebrating freedom and prosperity and putting the country first.

“Trump Coins are designed by me and minted right here in the USA. This beautiful, limited-edition coin commemorates our movement, our fight for freedom, prosperity and putting America first, we always put America first,” Trump said.

Read more: How Can Blockchain Be Used for Voting in 2024?

Notably, the product’s webpage clearly states that the coins are not tied to any political campaign. It also clarifies that neither Trump, the Trump Organization, nor any related entities sell them.

Meanwhile, this release comes during the week that the former President launched his new DeFi venture and around a month after he launched his fourth NFT collection. Market observers said these moves are part of Trump’s effort to court crypto traders.

Interestingly, the timing of these products coincides with a decline in Trump’s campaign donations compared to his Democratic rival, Vice President Kamala Harris.

Federal Election Commission (FEC) filings show Harris outpaced Trump in August, raising over $189 million, while Trump secured just $44 million. Overall, Harris’s fundraising, including support from the Democratic National Committee and other groups, reached $361 million. In contrast, Trump’s efforts totaled $130 million.

Over the past months, both candidates have garnered support from different financial sectors. Harris has drawn significant contributions from traditional finance, including Wall Street and Silicon Valley figures. Meanwhile, Trump has attracted notable donations from the crypto sector, including contributions from the Winklevoss twins.

Read more: How Does Regulation Impact Crypto Marketing? A Complete Guide

Trump and Harris Election Chances. Source: Polymarket

Despite this support, Trump’s election chances seem to be slipping. According to data from Polymarket, industry bettors give Harris a 51% chance of winning the election, edging out Trump at 49%.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum Drops Below $2,000 After Plunging Over 20% in a Month as Odds of $1,500 Retest Surge Ethereum Plunges Over 20% in a Month, Risking a Retest of $1,500 After Losing the $2,000 Defense Line.On November 13, Ethereum (ETH) plunged more than 5%, officially falling below the key

Author TradingKey

Yesterday 08: 57

Ethereum Plunges Over 20% in a Month, Risking a Retest of $1,500 After Losing the $2,000 Defense Line.On November 13, Ethereum (ETH) plunged more than 5%, officially falling below the key

Gold Price Forecast: Gold Tumbles Below $3,900 as Trump Says No Need for Iran Deal; Can October PPI Spur a Rebound? As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following Thursday's sharp decline, trading near $3,910. Previously, gold tumbled 2.76% on Thursda

Author TradingKey

Yesterday 06: 29

As of the Asian session on Friday (November 13), gold prices (XAUUSD) rebounded intraday following Thursday's sharp decline, trading near $3,910. Previously, gold tumbled 2.76% on Thursda

Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same week Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Author Irene Q.

Yesterday 03: 06

Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you think Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Author Irene Q.

Yesterday 02: 40

Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Today’s Market Recap: Nvidia Drops Over 4% After Jensen Huang Resigns, AMD and Broadcom Both Rise Over 5% On November 12, the three major U.S. stock indices closed slightly lower. Nvidia announced that Jensen Huang had stepped down immediately as CEO and director, draggi

Author TradingKey

Yesterday 01: 29

On November 12, the three major U.S. stock indices closed slightly lower. Nvidia announced that Jensen Huang had stepped down immediately as CEO and director, draggi

Popular Symbols