In today's crypto news, Donald Trump Jr. has joined the advisory board of prediction market platform Polymarket, which is eyeing a regulated return to the U.S. market after past legal issues. Polymarket received a significant investment from 1789 Capital, highlighting its intention to cut through media narratives by enabling users to bet on real outcomes. Meanwhile, blue-chip NFT collections experienced substantial declines as Ethereum retreated from a recent all-time high of $4,946 to $4,433. Collections like Pudgy Penguins and Bored Ape Yacht Club faced double-digit price drops. In the exchange sector, Gemini overtook Coinbase in the U.S. Apple App Store rankings after launching an XRP rewards credit card in partnership with Ripple and Mastercard, despite Coinbase maintaining higher trading volumes. This change in app rankings suggests a positive reception of Gemini's new product, reflecting a shift in user engagement in the crypto space.

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