According to a report by Jinse Finance, Bloomberg reported that there seems to be a rift among several crypto entities associated with U.S. President Donald Trump. NFT marketplace Magic Eden stated on Tuesday that they are collaborating with the team behind the Trump Meme coin and other projects to launch a digital wallet and trading app branded with the Trump name. However, Trump's eldest son later stated that the newly launched TRUMP wallet by the market has no connection with the Trump Organization, and WLFI will launch the official wallet.