Former U.S. President Donald Trump added his infamous mugshot to his NFT collection in August and has been slowly cashing out earnings in December.

Trump starts shifting ETH earned from his NFTs
Former United States President Donald Trump appears to be cashing out a great deal of Ether (ETH) he made through selling his NFTs — with his affiliated wallet transferring 1,075 Ether (ETH) into Coinbase since Dec. 8.

Trump made the ETH from his NFT collections, which recently included his infamous mugshot that was captured when he surrendered himself to authorities in Georgia in August.

According to the blockchain intelligence platform Arkham, the Trump-linked wallet has moved 1,075 ETH, worth about $2.4 million, to Coinbase over 13 transactions since Dec. 8. Most withdrawals came in batches of 100, 125 and 200 ETH.

Trump’s ETH balance had been steadily increasing since October, reaching a peak of $4 million before the selling spree began.

Years ago, Trump referred to cryptocurrencies as “fake” and “a disaster waiting to happen” in August 2021 when he defended the United States dollar as a key to the country’s economic success.

He’s running for president again in the upcoming 2024 election but his campaign was hit with a recent roadblock when Colorado’s Supreme Court removed him from the state’s ballot.

Bitcoin Ordinals argument turns to "shit" (and farts)
Bitcoin Ordinals commentators have found a new way to describe the ever-evolving Ordinals debate — and this time, it’s pretty gross.

Since Ordinals launched in January, Bitcoin supporters and critics have been in fierce debate over whether it adds value to Bitcoin’s network or is simply spam.

Tomer Strolight, editor-in-chief at Bitcoin financial services firm Swan, described the conflict using a rather graphic analogy on X:

“A guy shits in the street. It stinks. He encourages others to shit in public, clogging the streets w/ shit. He says it brings new people to the city because they're degenerates who like it. 'It's ok,' he says. 'They pay to shit.' But shit everywhere has made everything cost more.”
Another Bitcoiner, “GregZaj1” said Ordinals artists were akin to people paying admission to “start shitting in the pool.”

“Imagine someone builds a swimming pool for his community. You have to pay to enjoy the privilege of using the pool, and it's a market-based price with limited pool capacity. One day, a bunch of men dressed as wizards come, pay their entrance fee, and start shitting in the pool.”

Source - Coin Telegraph