7 days ago
#Polymarket shows #Trump leading #KamalaHarris by 3% for the 2024 US election
#ElonMusk endorses Trump and supports Polymarket's accuracy
Musk's PAC offers $47 for swing state voter referrals
Trump promises #crypto -friendly policies if elected
https://coinpedia.org/news...
#ElonMusk endorses Trump and supports Polymarket's accuracy
Musk's PAC offers $47 for swing state voter referrals
Trump promises #crypto -friendly policies if elected
https://coinpedia.org/news...
Polymarket Shows Trump Leading in US Election, Backed by Elon Musk
Elon Musk backs Trump in the 2024 election, highlighting Polymarket predictions and crypto promises. Will swing states sway the vote?
https://coinpedia.org/news/polymarket-shows-trump-leading-in-us-election-backed-by-elon-musk/
5 months ago
ETHEREUM SOARS 18% TO ABOVE $3,700: POSSIBLE FACTORS
- Ethereum's price surged 18%, reaching above $3,700.
- Speculation about the approval of spot Ether exchange-traded funds (ETFs) appears to be driving this spike. This follows months of pessimism within the market.
Key Developments:
- Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that the U.S. Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. This prompted them to raise their approval odds from 25% to 75%.
- On Polymarket, a decentralized betting platform, the odds for an approved spot Ether ETF jumped from 11% to 54%.
- Balchunas noted that the SEC might be facing political pressure. The SEC's previous stance showed little engagement with ETF applicants.
- The SEC is reportedly asking exchanges like NYSE and Nasdaq to update their filings. However, there’s no official confirmation from the regulator.
Legislative Landscape:
- The U.S. House of Representatives is considering two pro-crypto bills: the Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act (H.R. 4763 and H.R. 5403).
- Democrat leaders did not urge members to vote against these bills, which is seen as a positive signal for the industry, according to recent reports.
- The U.S. crypto industry and lobbyists back FIT21, with 60 companies urging the House to pass it in a May 16 letter.
- Ethereum's price surged 18%, reaching above $3,700.
- Speculation about the approval of spot Ether exchange-traded funds (ETFs) appears to be driving this spike. This follows months of pessimism within the market.
Key Developments:
- Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that the U.S. Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. This prompted them to raise their approval odds from 25% to 75%.
- On Polymarket, a decentralized betting platform, the odds for an approved spot Ether ETF jumped from 11% to 54%.
- Balchunas noted that the SEC might be facing political pressure. The SEC's previous stance showed little engagement with ETF applicants.
- The SEC is reportedly asking exchanges like NYSE and Nasdaq to update their filings. However, there’s no official confirmation from the regulator.
Legislative Landscape:
- The U.S. House of Representatives is considering two pro-crypto bills: the Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act (H.R. 4763 and H.R. 5403).
- Democrat leaders did not urge members to vote against these bills, which is seen as a positive signal for the industry, according to recent reports.
- The U.S. crypto industry and lobbyists back FIT21, with 60 companies urging the House to pass it in a May 16 letter.
