Malaysia's Current Account Balance (CAB) in the second quarter of 2024 posted a surplus of RM3.0 billion, mainly supported by net exports of Goods.
What Happened: On Thursday, Donald Trump Jr., who is the Executive Vice President of the family-owned conglomerate, The Trump Organization, addressed the intense speculations surrounding their cryptocurrency project. He urged followers to join their official Telegram channel for authentic news and updates, rather than relying on rumors.
The Telegram Channel, named "The DeFiant Ones," showed an opening message, claiming to be the "only official" channel for Trump DeFi project. The channel's photo was updated with Trump's iconic image taken after his failed assassination attempt last month.
A lot of rumors are swirling about our crypto project. To get the real story and stay updated with official announcements, join our official Telegram channel. Don't rely on speculation—get the news directly here!
— Donald Trump Jr. (@DonaldJTrumpJr) August 15, 2024
Why It Matters: Donald Trump Jr's post came after Eric Trump, his younger brother, hinted at the imminent launch of a cryptocurrency-based real estate project, which he claimed would disrupt traditional banking and finance.
The Trump family has been vocal about their venture into the cryptocurrency space. They have cautioned the community about fraudulent tokens claiming to be part of their official project. Donald Trump Jr. assured that the only official project will be announced directly by them, and it will be fair for everyone.
Donald Trump's latest financial disclosure lists holdings between $1 million and $5 million in cryptocurrencies, tagged under "cryptocurrency wallet virtual Ethereum (CRYPTO: ETH) held in cold wallet."
Price Action: Trump-themed Maga (TRUMP) was exchanging hands at $2.84, down 5.33% in the last 24 hours.
Photo Courtesy: Shutterstock.com
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.