🎩 Trump is dropping 2nd series of his NFTs (digital trading cards)

🎩 Trump is dropping 2nd series of his NFTs (digital trading cards) 💻 Intel steps away from crypto mining 🚀 Tribe Capital's interest in FTX reboot propels FTT above $2.3 with 200% increase in volume

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Here's what recently happened in the space:

🎩 Trump is dropping 2nd series of his NFTs (digital trading cards) 

      💻 Intel steps away from crypto mining

     🚀 Tribe Capital's interest in FTX reboot propels FTT above $2.3 with 200% increase in volume

Trump is dropping 2nd series of his NFTs (digital trading cards)

Former U.S. President Donald Trump, who was recently indicted for various crimes, is certainly not letting that stop him from continuing to dabble in Web3. Following the overwhelming response to his initial Trump NFT collection, he unveiled Series 2 of his limited-edition digital trading cards.

Trump shared this news on his own social network, Truth Social, telling followers that after “great success,” he was expanding the collection with a second mint.

The tokens will be minted on the Polygon blockchain, and remain at their original mint price of $99. The art, rarity traits and utility features will differ from the first collection.

After the announcement was made, the original collection's floor price on OpenSea plunged from nearly 0.4 ETH ($840) to a feeble 0.2 ETH ($420), cutting its value in half almost instantly.

Intel steps away from crypto mining

Intel is discontinuing its Blockscale 1000 Series ASIC chip, just a year after they debuted it. Tom's Hardware is reporting that, in the words of a spokesperson from Intel, they are "end-of-lifing" their Bitcoin mining chip business.

The spokesperson added that Intel is "continuing to monitor market opportunities", but clearly Intel is taking the cautious route when it comes to mining.

Intel and crypto go back a long way though. In 2015, Intel was providing mining chip technology to 21 Inc., a Bitcoin tech startup. In 2018, Intel secured a U.S. patent for an energy-efficient cryptocurrency mining method. But as of 2023, the company has been aggressively cutting costs, with top executives taking pay cuts. Whether Intel can manage to revive their mining chip business in the future remains uncertain, but for now, it looks like they are taking a step back from the crypto world.

Tribe Capital's interest in FTX reboot propels FTT above $2.3 with 200% increase in volume

A recent report by Bloomberg has highlighted the news of Tribe's co-founder Arjun Sethi meeting with the Official Committee of Unsecured Creditors of FTX to discuss the reboot plans. It seems like Sethi was determined to make FTX rise from the ashes, as Tribe even reportedly considered pledging $100 million of its own funds for the bankrupt exchange. What's more, further fundraising up to $250 million was also potentially part of the proposal.

Tribe Capital's January proposal included 9 million customer accounts, so obviously the VC firm had grand expectations for its (potential) investment. What was surprising though was that the proposal excluded some crypto assets and its own venture capital portfolio.

News that big financial players like Tribe Capital are showing interest in FTX's reboot pumped FTT at least 22% and made it reach $2.3 price, with more than a %200 increase in its daily trading volume.