Donald Trump's chances of winning the U.S. presidential election have dropped to 54% in the Polymarket prediction platform from 72% in July.
This drop is due to the growing interest in Kamala Harris as a potential contender, with her chances increasing to 44%.
Harris’s chances have also improved in major polls, such as a Bloomberg survey that found she could win six of the seven swing states.
Despite the decline, Trump remains the preferred candidate in the crypto community due to his vocal support for the industry.
If re-elected, he has promised to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler, end the regulatory war on crypto, ensure that all remaining BTC is mined in the US, and make Bitcoin the country’s reserve asset. However, some of these promises are considered unrealistic.
Harris’s position on cryptocurrencies remains unclear, though some stakeholders consider her unbiased.
Critics warn that her victory could harm the crypto industry, with the Securities and Exchange Commission likely to apply traditional financial regulations to the market under her stewardship.
Ross Ulbricht, the man once behind the Silk Road dark web marketplace, has turned artifacts from his prison years into a multimillion-dollar Bitcoin windfall.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
The team behind Pi Network is diving into the gaming industry with the release of FruityPi, a new application designed to highlight the practical use of its ecosystem tools, including the Pi cryptocurrency, wallet, and ad services.
The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.