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The biggest Donald Trump-inspired memecoin on the market has exploded off its lows as the former president’s odds of winning the November election increase. After hitting $1.64 on September 24, TRUMP (MAGA) ran up to $5.67 by October 7th, a 246% rally in just under two weeks. The move coincided with Donald Trump taking the lead on crypto betting platform Polymarket’s “Presidential Election Winner 2024” portal. Source: Polymarket MAGA is currently trading at $4.37 with a market cap of $201.1 million. Trump now has a 52.6% chance of winning the November 5th election compared to Kamala Harris’ 46.7%, according to Polymarket. The Republican nominee made crypto part of his campaign earlier this year, arguing that the US should revive its digital asset industry to become the “crypto capital of the planet.” He also backed the launch of his own crypto platform World Liberty Financial (WLFI) – though details on the project are s...

Kamala Harris and Donald Trump‘s debate on September 10 sent waves in the finance landscape, including prediction markets. The overall perception is that Harris did better than Trump, and Polymarket ‘s numbers validate this thesis. As a context, Finbold previously reported that Donald Trump opened a broader advantage over Kamala Harris in prediction markets. According to Polymarket ‘s largest bet, Trump had a 53% winning chance between September 4 and 6. Meanwhile, Harris’s chances of victory dropped to as low as 45% in the same period—a reality that has now changed. Picks for you How will Bitcoin react to the Fed's interest rate cut? 1 hour ago DIA Oracles integrates with Stacks to strengthen Bitcoin DeFi ...

U.S. Representative Tom Emmer (R-MN) says the crypto sector will benefit from a second Donald Trump presidency. Trump has already been exploring non-fungible tokens (NFTs), but stated that he was “not a fan of Bitcoin,” calling it “highly volatile and based on thin air.” Still, some lawmakers speculate that a Trump victory in the upcoming 2024 presidential election could propel Bitcoin (BTC) to new price highs. Emmer foresees Trump’s influence on Bitcoin prices Politico is reporting that pro-crypto congressman Emmer envisions a regulatory environment conducive to the overall crypto sector, if the former president makes a comeback to the White House. Emmer, a Trump ally who advocates for cryptocurrencies, announced in January that he officially endorses Trump in the 2024 Republican presidential primary. That’s even though Trump helped deter Emmer’s bid for the House Speakership. Trump has expressed strong skepticism towards Bitcoin (BTC) and ot...

According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election . As stated in the report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other crypto currencies were all mentioned in the American Presidential primary debate, resulting in the release of 2024 Election: The Role of Crypto a survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company. From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space.  NEW: @Grayscale partnered with @HarrisPoll to get a read on the role of #crypto in the 2024 election. Some key findings were: 46% of likely voters say that they are waiting for additional policies and/or regulation before investing in crypto. 40% expect their future… — Eleanor Terrett (@E...