Polymarket’s leading holder of Trump shares has shifted, with ‘zxgngl’ surpassing ‘Fredi9999’ after significant buying activity on Monday morning amid shortening odds over the weekend. On Sunday Trump’s lead narrowed from 65% to 54% as whale pressure subsided. Whales persistently purchasing Trump shares regardless of price appear to have reduced…
Coinbase chief legal officer Paul Grewal said that the crypto exchange has discovered over 20 instances where the Federal Deposit Insurance Corporation (FDIC) asked banks to “pause” or “refrain from providing” or “not proceed” with crypto-related banking services. In an X post, Grewal wrote: “In short, the contents are a…
World Liberty Financial, a decentralized finance (DeFi) crypto project being promoted by former president Donald Trump and his sons, will only sell up to $30 million of its tokens in the U.S., Bloomberg reported on Saturday. According to a notice filed by World Liberty with the U.S. regulators earlier this…
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. After weeks of a neck-to-neck presidential campaign between the Democratic and Republican nominees, Donald Trump’s odds of being elected to President of the US are on the rise. According to betting market Polymarket, Trump leads Democrat candidate…
The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services firm Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Andriunin, a Russian national residing in Portugal, allegedly orchestrated a scheme to artificially inflate trading volumes for client crypto companies, including several…
VanEck’s head of digital assets research, Matthew Sigel, criticized a recent US Treasury Department’s views on digital assets in a recent report, claiming it had an anti-stablecoin stance based on outdated academic views. Sigel stated that the Treasury relied on a single academic study by Gary Gorton and Jeffery Zhang to justify…
Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares submitted an S-1 form to register its Core XRP Trust shares for listing on the Cboe BZX…
Strive Enterprises, an asset management firm co-founded by Vivek Ramaswamy, announced a new wealth management division on Nov. 1 that will integrate Bitcoin (BTC) into client portfolios, according to a Nov. 1 press release. The move aims to use Bitcoin as a hedge against expected long-term economic risks, including inflation,…
Vice President Kamala Harris overtook former President Donald Trump’s odds of winning in Michigan and Wisconsin on prediction market Polymarket. If Harris wins the two swing states, the state of Pennsylvania will become the deciding factor in who wins the US presidential election. Current odds The odds took a sharp…
The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE. The project, designed to simplify cross-border payments through CBDCs,…