Trump calls state officials scum over prediction markets and a mystery whale dumped $1.29 billion of BlackRock's Bitcoin ETF.

President Trump defended the CFTC's exclusive authority over prediction markets, calling state officials trying to regulate them scum.

He singled out a number of politicians who have sued,

sent cease and desists, or signed laws targeting prediction market platforms. Trump's family has ties

to the sector with Donald Trump Jr. acting as an advisor to both Polly Market and Kalsh.

Crypto-backed PACs spent more than $9 million in Texas primaries and scored wins on both sides of the aisle.

Houston Democrat Christian Menifee defeated incumbent rep Al Green.

Fairshake's spokesperson said Green's defeat proves anti-crypto hostility carries real

electoral consequences heading into the midterms.

On the Republican side, Texas Attorney General Ken Paxton toppled longtime

Senator John Cornyn. And one investor just dumped $1.29 billion of Black Rocks Ibit in a single

dark pool trade. The trade lands during the second longest outflow streak since spot Bitcoin

ETFs launched. The product saw seven straight days of net redemptions totaling $1.88 billion.

Investors have pulled $2.26 billion from these ETFs over the past two weeks.

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