Crypto
crypto
Toby Bochan

Trump pumps his kids’ crypto project

Former President Trump took a break from critiquing the DNC on social media to promote his sons’ crypto DeFi project, “The DeFiant Ones,” to his over 7.5 million Truth Social followers.

The message links to a Telegram group of the same name with only a few posts since Donald Trump Jr. announced the project, but an August 15 post does declare it is “the only official Telegram channel for the Trump DeFi project!” As of press time, the group has roughly 32,500 members.

DeFi, short for decentralized finance, is a broad term used in the crypto industry for any peer-to-peer blockchain-based finance app or project, so how exactly Donald Trump Jr. will “shake up the crypto world” with “something HUGE” as he teased on August 7 is unclear.

Regardless, the announcement bolsters the presidential candidate’s pro-crypto stance, which includes pitching a national bitcoin stockpile and getting rid of crypto-averse SEC Chair Gary Gensler.

Donald Trump Promotes Sons' Crypto Project on Truth Social

Donald Trump Promotes Sons' Crypto Project on Truth Social - Decrypt

DeFi, short for decentralized finance, is a broad term used in the crypto industry for any peer-to-peer blockchain-based finance app or project, so how exactly Donald Trump Jr. will “shake up the crypto world” with “something HUGE” as he teased on August 7 is unclear.

Regardless, the announcement bolsters the presidential candidate’s pro-crypto stance, which includes pitching a national bitcoin stockpile and getting rid of crypto-averse SEC Chair Gary Gensler.

More Crypto

See all Crypto
crypto
Sage D. Young

Ethereum struggles to hold market gains

After rallying from $1,830 to above $2,100 on Wednesday, ethereum struggled to hold on to its gains and dipped under $2,000, a round psychological price level, on Thursday. 

The seesaw price action helped liquidate $146 million worth of leveraged long and short positions on ethereum in the last 24 hours, data from CoinGlass shows.  

While ethereum was due for a relief rally after entering into oversold conditions as measured by its relative strength index, some are still maintaining a bearish sentiment, according to Delphi Digital analyst Simon Shockey.

With ethereum now trading under $2,000, Shockey called the rally “unconvincing.” He told Sherwood News that he doesn’t “think most crypto natives are compelled to really believe the lows are in,” adding that he could see ethereum fall further from here and make new lows in the second half of the year. 

The price action comes as cofounder Vitalik Buterin has sold $35 million worth of ethereum tokens since the start of February and the paper loss for the largest ethereum treasury firm, BitMine Immersion Technologies, has climbed to nearly $7.9 billion. 

On the positive side, ethereum developers introduced a new road map that involves seven hard fork upgrades by 2029 and several north stars, one of which aims to make ethereum a “post quantum” layer 1 network.

Yaël Bizouati-Kennedy
9h
Bitcoin’s brief bounce doesn’t signal the bottom, analysts warn

With only two days to go in February, the asset is on track to notch its fifth straight month of losses.

Bitcoin ice carving
Yaël Bizouati-Kennedy
2/25/26
Bitcoin gets a positive bounce following State of the Union

“This has been a silver lining, given the tumultuous time crypto markets have had over the past months and weeks, but it does not call for celebration just yet,” one expert warned.

Okayplayer Presents: Friends From New York Hosted By Shaggy At BitBasel Miami Art Week
crypto
Sage D. Young

Crypto industry sees relief bounce in midst of winter

Crypto assets and crypto-adjacent companies are catching a bid and rebounding off recent lows, with stablecoin issuer Circle soaring after reporting strong earnings before the bell. The company beat on revenue and reported that USDC in circulation has grown to $75.3 billion, up 72% year over year.

The total market capitalization of all cryptocurrencies has increased 4.5% in the last 24 hours, and both tokens and companies close to crypto are enjoying a boost:

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Despite the relief bounce, some are still uneasy. “The whole market still seems very heavy to me,” Glenn Rosenberg, managing partner at Persistent Trading, told Sherwood News. “Jokingly, BTC feels like it’s now 100% correlated to any asset or news that’s negative! I think we test 60,000 — that’s a big long-term channel and could push lower from there,” he said. “The whole [space] looks risky right now.”

Sage D. Young
2/24/26
Ethereum nears key levels as macro repricing weighs on crypto industry

Around $315.6 million worth of leveraged long positions would be liquidated on Hyperliquid if the price of ethereum dropped to $1,350.

In hot water

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2026 Sherwood Media, LLC