President Donald Trump's eldest child acquired a stake in a social media company that is building a crypto stockpile.

Donald Trump Jr. has taken a $4.3 million leap into the crypto economy through a struggling social media startup called Thumzup Media Corp, based in Los Angeles, according to Bloomberg. On Wednesday,

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's tariff actions and their impact on global trade.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

The Dow Jones average remained higher Wednesday after the Fed's June minutes were released. Nvidia set a new high, and hit the $4 trillion mark in valuation.

Major stock indexes were little changed on Tuesday as investors digested the latest news in U.S. President Donald Trump's tariff rollout, and the yen extended its slide against the dollar on planned 25% duties on goods from Japan.

AM, GIFT Nifty futures were trading 16 points lower at 25,596, indicating a flat to negative start for the bourses.

Trump Media and Technology Group Corp., or TMTG (Nasdaq: DJT), announced on July 8 that it has filed the form S-1 with the Securities and Exchange Commission (SEC) to launch the "Truth Social Crypto Blue Chip" exchange-traded fund (ETF).