CoinDesk Podcast Network Trump Family Expands Crypto Empire | COINDESK DAILY
Aug 20, 2025
The Trump family is diving deep into the world of cryptocurrency, making waves with their investment in Dogecoin. Thumzup Media Corp. is pivoting from digital marketing to industrial-scale crypto mining, with Donald Trump Jr. at the helm. Meanwhile, the crypto market faces bearish trends, raising eyebrows among investors ahead of a key Federal Reserve speech. What does this mean for the future of their crypto ventures? Tune in to find out!
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Market Weakness Ahead Of Jackson Hole
- Crypto markets showed broad weakness as Bitcoin and Ether extended Tuesday lows and ETFs saw large outflows.
- Analysts expect volatility ahead of Fed Chair Powell's Jackson Hole speech and upcoming economic data.
Trump Family Expands Into Dogecoin Mining
- The Trump family's crypto involvement expanded with Thumzup MediaCorp acquiring DogeHash in an all-stock deal.
- The combined firm will focus on Dogecoin and Litecoin mining and plan to list as XDOG on Nasdaq.
Trump Family's Previous Crypto Moves
- The deal joins earlier Trump-linked crypto moves like American Bitcoin with Hut 8 led by Eric Trump and Donald Jr.
- That earlier venture leverages Hut 8's more than 60,000 miners to scale operations.