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Industry

Big Tech firms make large donations to Trump, raising concerns over policy favors

U.S. Big Tech companies including Nvidia and Apple have been confirmed as major donors to President Donald Trump's White House ballroom construction project, prompting concerns about potential conflicts of interest. CNBC reported the two companies pledged $25 million each, while Cisco confirmed a $5 million donation. Internal documents obtained by The Washington Post show 67 donations above $10,000 and total pledges of about $333 million. Critics say many donors have stakes in federal regulation and contracts.

Crypto

Arthur Hayes moved $19.35 million in ethereum to unlabelled address

Arthur Hayes (아서 헤이즈), a co-founder of BitMEX, moved $19.35 million worth of ethereum to an unlabelled address, drawing attention as the crypto market weakens. Data from Arkham Intelligence show Hayes has repeatedly reshuffled ether among his own wallets, with $298.1 million transferred between them over two years. He also sent about $68.5 million to unlabelled addresses. Hayes is estimated to still hold about $27.1 million in ether on-chain.

Crypto

Bitcoin ETFs lose $262 million in a day, only XRP posts weekly inflow

Bitcoin spot exchange-traded funds saw about $262 million flow out on Oct. 15, reversing the prior day’s inflow and turning weekly flows back to net outflows. Weekly net outflows totalled $151 million as of Oct. 15. Bitcoin fell below $82,000 after U.S. inflation data and briefly slid to $80,100 before recovering to the $82,000 range. Ethereum and Solana spot ETFs also posted outflows, while only the XRP spot ETF kept weekly inflows.