Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, California Governor Gavin Newsom says his planned memecoin is meant to expose the absurdity of Trump’s crypto ventures, crypto social media activity suggests potentially more downside ahead for the market. Meanwhile, Eric Trump predicts $1M BTC.

California Governor Gavin Newsom has teased plans to launch a “Trump Corruption Coin” as a direct response to Donald Trump’s controversial involvement in crypto, especially through memecoins.

Speaking on the “Pivot” podcast, Newsom, a Democrat, said the planned memecoin, named explicitly after Trump’s alleged scandals, is part of his broader “Campaign for Democracy” initiative, with proceeds from the coin going toward redistricting efforts and voter outreach.

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