Polymarket Projects a GOP House, Clinching Trump Trifecta
If the prediction market’s traders are right – and lately, they’ve been right – the election results are even more bullish for crypto than they appear.
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If the prediction market’s traders are right – and lately, they’ve been right – the election results are even more bullish for crypto than they appear.
Kelly Ye, portfolio manager at Decentral Park Capital and Andy Baehr, head of product at CoinDesk Indices, trade views, active manager vs indexer, on what steps are most important to shape the capital markets and investment landscape for digital assets in a post U.S. election world.
Analysts expect a broad market rally and changes in SEC leadership. Trump’s crypto policies include a bitcoin strategic reserve, banning a central bank digital currency and freeing Ross Ulbricht.
The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin’s 6% advance following Donald Trump’s victory.
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
Dogecoin (DOGE) saw a substantial 19.8% surge to reach $0.2016 early Wednesday, as news of Donald Trump securing a second … Continue reading
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During one of the many tense nights of 2024 – the one between November 5 and November 6 – the … Continue reading
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Colorado, USA, 6th November 2024, Chainwire
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Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.