UPDATE: Polymarket Logs First $100M Month as Election Drama Heats Up
Odds that the president will drop out of the race surged as high as 50% after the debate before leveling off at 40% on the crypto-based prediction market.
Analysis
Solana ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto
VanEck and 21Shares’ applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.
EU’s Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
The European Banking Authority told CoinDesk it intends to publish a final report on how it will monitor stablecoin issuers by the end of the month.
Biden Likely to Win Popular Vote, but Lose Presidency, Prediction Market Signals
Plus: $DJT believers dispute the resolution of a Polymarket bet, insisting the “preponderance of evidence” shows Barron Trump’s involvement.
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
Cathie Wood’s Ether ETF Pullback Is Likely Due to Fee War
Cathie Wood’s Ark Invest was the first company to seek permission to create a spot ether ETF in September, a pioneer who blazed the trail before a wave of other high-profile applicants. It has since dropped out of the race, likely because of the incoming intense fee battle, experts say.
Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote
Plus, how much longshot money was made betting on the SEC approving an Ethereum ETF?
SEC’s Gensler Going Rogue in Solo Quest to Stop U.S. Crypto Legislation?
The White House is “eager” to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler – the securities watchdog President Joe Biden hired as a member of his transition team and a key regulator – says don’t bother.
Crypto Community Voices Outrage at Tornado Cash Developer Verdict
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering.
As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency’s Long-Term Prospects Even Among Conservative Pros
Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment. But who was buying them and why have inflows stalled in recent weeks? Was it a fad that fizzled?