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Crypto Daily｜Polymarket Passes Regulatory Hurdles For US Launch; Eric Trump And Donald Trump Jr.'s Stake In ABTC Worth $1.5B

TigerSep 4, 2025 5:47 AM

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Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Polymarket Passes Regulatory Hurdles for US Launch, CEO Says

Polymarket, the crypto-based prediction market, has the regulatory approvals needed to launch in the US after a top regulator granted it another critical component to launch, according to its chief executive officer, Shayne Coplan.

The Commodity Futures Trading Commission today granted the exchange, which recently acquired QCX, whose exchange application the CFTC approved in July, a no-action letter allowing Polymarket to avoid swaps data reporting and record-keeping regulations. The agency didn’t immediately respond to a request for additional comment.

Tom Lee’s BitMine Expands Ethereum Treasury with $358 Million Buy

Tom Lee’s BitMine has expanded its Ethereum treasury with a fresh $358 million purchase.

This positions BitMine’s holdings at 2.23 times that of SharpLink Gaming, the second-largest Ethereum holder. SharpLink itself has been steadily increasing its exposure. They bought over 39,000 ETH between late August and early September.

Eric Trump and Donald Trump Jr.'s stake in American Bitcoin worth $1.5 billion

Donald Trump's oldest sons, Eric Trump and Donald Trump Jr., saw their stake in American Bitcoin Corp. (ABTC) valued at over $1.5 billion following the company’s stock market debut on the Nasdaq on September 3, 2025.

On its first day, shares peaked to $14.52 before closing at $8.04, up 16.5% for the session. The company reported approximately 908.6 million outstanding shares, with both the elder Trump sons collectively holding a 20% stake, bringing their stake to over $1.5 billion at close. The highest price struck on Wednesday valued their stake close to $2.6 billion.

Bitcoin & Ethereum Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday was $301.32 million. The total net asset value of Bitcoin spot ETFs is $145.25 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.5%.

The Bitcoin spot ETF with the highest net inflow on Sep 3 was iShares Bitcoin Trust ETF , with a net inflow of $289.84 million. Followed by Grayscale Bitcoin Mini Trust ETF, with a net inflow of 28.83 million, according to SoSoValue.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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