Trump Jr. Joins Polymarket Advisory Board
Polymarket, a prediction market platform, has appointed Donald Trump Jr. to its advisory board following a strategic investment from 1789 Capital, a fund aligned with “American exceptionalism.” While financial details remain undisclosed, Axios estimates the investment to be in the “double-digit millions.”
Trump Jr., who joined 1789 Capital as a partner in 2024, stated on Tuesday that Polymarket allows users to “bet on what they believe will happen, cutting through media noise and expert bias.”
Polymarket is working toward a regulated return to the U.S. market after a 2022 Commodity Futures Trading Commission (CFTC) fine of $1.4 million for operating an unregistered swaps platform, which led to a U.S. user ban. To regain a legal foothold, Polymarket acquired the CFTC-licensed QCEX derivatives exchange for $112 million in July 2025, aligning with the closure of CFTC and Department of Justice investigations.
Blue-Chip NFTs Plummet as ETH Falls from Peak
Blue-chip non-fungible token (NFT) collections experienced significant declines in floor prices as Ether (ETH) retreated from its all-time high. According to DefiLlama, top NFT projects saw double-digit losses over the past week.
- Pudgy Penguins, the leading collection by 24-hour and 7-day trading volume, dropped 17.3% to a floor price of 10.32 ETH ($4,596).
- Bored Ape Yacht Club (BAYC) fell 14.7% to 9.59 ETH.
- Doodles saw an 18.9% decline to 0.73 ETH.
- Other collections, including Moonbirds and Lil Pudgys, lost 10.5% and 14.6%, respectively.
The NFT market correction followed a 12% drop in ETH’s price on Tuesday, from a record high of $4,946 to $4,342, according to CoinGecko. At the time of writing, ETH traded at $4,433.
Gemini Overtakes Coinbase in App Store Rankings
Gemini, the crypto exchange founded by the Winklevoss twins, surpassed Coinbase in U.S. app store finance rankings after launching an XRP-rewards credit card in partnership with Ripple Labs and Mastercard.
Gemini promoted the card on Monday via an X post, highlighting “up to 4% back in XRP instantly.”
Sensor Tower data indicates Gemini climbed to 16th in the finance category, overtaking Coinbase at 20th. On August 6, Gemini ranked 117th, while Coinbase held 26th. Tyler Winklevoss celebrated the milestone, stating, “The flippening is accelerating,” despite Coinbase’s trading volume being over three times higher, per Messari data.
