Trump raises 55 million in one night, closing the distance on Joe Biden's advantage.
At the end of March, Joe Biden ($70 million cash on hand) had a fairly significant fundraising advantage over Trump ($30 million cash on hand). Many have talked excessively about Trump have lukewarm fundraising costs and how much money he is being forced to spend on legal expenses. People argued that Biden might be behind in the polls, but Trump was falling behind in fundraising and that could turn the table.
The problem is that fundraising today has approached the laws of diminishing returns. There is a certain point where saturation of advertisement and overfunding various things provides no real noticeable difference in the end. You can literally only spend so much money on an election before you simply run out of things to spend money on. Most of the Presidential candidates in their campaign with millions still unspent.
So will this sort of advantage affect the end results? The reality is that Trump simply needs to raise enough to pay for what he needs. He does not have to "keep up" with Biden.