Today in crypto: Gemini Trust Company and Crypto.com parent Forix Dax contributed more than $21 million to a political action committee (PAC) supporting US President Donald Trump. Meanwhile, altcoins, led by Ether, XRP, and Solana, drove crypto exchange-traded products inflows in 2025, while Bitcoin fund inflows fell 35%, and Vitalik Buterin declared that Ethereum has finally solved the blockchain trilemma.
Crypto exchanges back Trump ahead of US primaries
Major cryptocurrency exchanges are re-emerging as significant financial backers of President Donald Trump ahead of the US primary season, underscoring the industry’s growing alignment with Republican leadership amid a shift toward more crypto-friendly policy positions.
The pro-Trump MAGA Inc. Super PAC has received $21 million in donations from two cryptocurrency exchanges, according to recent filings with the Federal Election Commission.
Those disclosures show that Gemini Trust Company contributed $1.5 million in USDC (USDC), while Foris Dax, the parent company of Crypto.com, made two separate $10 million contributions. Crypto.com has previously engaged with Trump-affiliated entities, including a recently announced partnership involving Trump Media and its treasury strategy.
The donations reflect the crypto industry’s continued willingness to support Trump-aligned political groups following the 2024 election cycle, when Republicans and Trump-linked committees received substantial backing from digital asset companies.
That financial support has coincided with tangible policy outcomes, including regulatory leadership changes at key federal agencies, the signing of stablecoin legislation and ongoing congressional work on a broader crypto market structure bill.
Crypto funds pulled $47 billion inflows in 2025, shy of 2024 record as altcoins led
Cryptocurrency investment products pulled in about $47 billion of inflows in 2025, just shy of 2024’s total amid new crypto exchange-traded fund (ETF) launches in the US.
Crypto exchange-traded products (ETPs) logged $47.2 billion in inflows last year, 3% below 2024’s record of $48.7 billion, according to European crypto asset manager CoinShares.
Bitcoin (BTC) inflows fell sharply in 2025, with a 35% drop from $41.7 billion in 2024 to around $27 billion, while Ether (ETH), XRP (XRP) and Solana (SOL) ETPs saw substantial gains.
Despite falling short of 2024, global crypto ETP assets under management (AUM) rose to about $180 billion in late 2025, up from $160 billion the previous year.
Ether ETPs posted the strongest gains in 2025, with inflows totaling $12.7 billion, up 138% from $5.3 billion the previous year, according to CoinShares head of research James Butterfill.
Solana funds recorded the highest growth rate, surging 1,000% to $3.6 billion from $310 million in 2024, while XRP investment products rose 500%, to $3.6 billion from $608 million.
“The remaining altcoins saw a decline in sentiment with a fall in inflows YoY of 30%,” Butterfill noted.
Ethereum ready to solve blockchain trilemma: Vitalik Buterin
Ethereum co-founder Vitalik Buterin claims Ethereum has “solved” one of the biggest challenges in crypto: the blockchain trilemma.
In a X post on Saturday, Buterin emphasized the potential of peer data availability sampling (PeerDAS) and Zero-Knowledge Ethereum Virtual Machines (ZK-EVMs), noting that these two upgrades are making Ethereum “a fundamentally new and more powerful kind of decentralized network.”
“Now, Ethereum with PeerDAS (2025) and ZK-EVMs (expect small portions of the network using it in 2026), we get: decentralized, consensus and high bandwidth,” he said, adding:
“The trilemma has been solved — not on paper, but with live running code, of which one half (data availability sampling) is *on mainnet today*, and the other half (ZK-EVMs) is *production-quality on performance today* — safety is what remains.”