U.S. Secret Service Chief Probably Won’t Be Fired, Polymarket Bets Signal
Plus: Another all-time high for Trump’s odds of victory; bettors think bitcoin will continue its green streak until the end of week.
News Analysis
It’s Not Germany Selling Bitcoin. It’s One of Its States and It Has No Choice.
Since confiscating nearly 50,000 bitcoin in January, Germany’s state of Saxony has sold over half of its initial holdings, causing distress in the crypto market.
Prediction Markets and Polls Both Got the French Election Wrong
Plus: Polymarket traders remain skeptical about Biden’s insistence he’s staying in the U.S. presidential race; will ETH fall to $2,630?
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.
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.
Elections Across Europe Won’t Hinder Bloc’s Crypto Ambitions
France, Austria, Germany and other countries are expected to have elections soon, following this month’s European Parliament contest.
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.
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.
SEC’s Gensler Shrugs About New Crypto ETFs Strolling Through His Agency’s Gates
The approval of new exchange traded funds (ETFs) for Ethereum’s ether {{ETH}} is a logical next step to the regulator previously approving spot bitcoin ETFs, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler seemed to suggest twice on Wednesday.
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?