Trump meets Bitcoin miners, Musk drops OpenAI lawsuit, what’s driving ETF flows?

Rise’n’Crypto

In today’s news, Donald Trump reiterates his support for the Bitcoin mining industry after hosting a meeting with several executives from United States crypto mining firms. Meanwhile, Elon Musk has moved to withdraw his lawsuit against OpenAI and its CEO, Sam Altman — which accused the artificial intelligence firm of deviating from its original mission to develop AI to benefit humanity, not for profit. We’ll also unpack Raoul Pal’s claims that around two-thirds of the net inflows into spot Bitcoin BTC ETFs may be coming from arbitrage trading.
Further reading:

• Trump wants Bitcoin ‘made in the USA’ after hosting mining industry heads
• Elon Musk drops lawsuit against OpenAI CEO Sam Altman
• ‘Vast majority’ of ETF flows could be driven by arbitrage: Raoul Pal
• BODEN memecoins briefly spike after Hunter Biden guilty verdit
• Dormant Bitcoin wallet moves $536M after over 5-year hiatus

So, grab yourself a coffee, and let’s get into it!
This episode of Rise’n’Crypto is brought to you by Cointelegraph and is hosted by Gareth Jenkinson. You can follow Gareth on Twitter.

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
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