In today's crypto news, Donald Trump Jr. joined the advisory board of prediction platform Polymarket as it seeks to re-enter the U.S. market following regulatory challenges. Polymarket, which was previously forced to block American users due to a Commodity Futures Trading Commission action, is revamping its operations after acquiring a CFTC-licensed derivatives exchange. In the NFT space, blue-chip collections experienced significant price drops as Ether retreated from its recent all-time highs, with notable declines in collections such as Pudgy Penguins and Bored Ape Yacht Club. Meanwhile, Gemini's launch of an XRP-rewards credit card has allowed it to surpass Coinbase in the U.S. Apple App Store rankings, showcasing a notable shift in the competitive landscape despite Coinbase's larger daily trading volume. These developments reflect ongoing trends in crypto regulation, NFT market fluctuations, and competition between cryptocurrency exchanges.

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