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2024 US Presidential elections

Cumulative traffic to exchanges increased by 8% in October — report

The election of a pro-crypto President and pro-crypto lawmakers in the United States has brought renewed attention to the crypto markets.

Cumulative monthly traffic to 20 leading crypto exchanges increased by 8% in October — reflecting heightened investor interest and increasing participation among retail traders heading into the 2024 United States elections.

According to data from ICO Analytics, Pump Fun recorded the highest month-over-month increase in percentage terms — with 100% growth in October. BullX followed behind with a 78% growth in web traffic from September to October, and Uniswap came in third place with a 42% increase.

Binance, WhiteBit, and Coinbase dominated monthly traffic in terms of total visits in October, at 54 million, 33 million, and 30 million, respectively.

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US bankers support Trump but expect Harris victory — American Banker

A survey of 191 bankers indicated heavy support for Trump’s cryptocurrency and taxation policies. 

Professionals in the United States banking industry prefer presidential candidate and former US president Donald Trump by a small margin, according to recent survey data. But most expect to see his opponent, Vice President Kamala Harris, take the Oval Office in January. 

American Banker publisher Arizent gathered survey data from 191 respondents working in the US banking industry and found that 59% — about 112 — believed that Harris is the frontrunner. 

However, when asked whether a Trump or Harris administration would be better for the banking industry, 58% of the respondents said they’d be better off under Trump. 

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Bitcoin to hit $200K by end of 2025 regardless of election — Bank exec

The 2024 election is projected to be a tight race on the granular local level, but this shouldn’t matter for the long-term price of BTC. 

Geoff Kendrick, global head of digital assets research at Standard Chartered — a cross-border bank — believes Bitcoin (BTC) will have likely reached $200,000 by the end of 2025 regardless of who wins the 2024 United States presidential election.

According to the bank executive, three factors are poised to drive the price of Bitcoin to new all-time highs in 2025, including the likely removal of Staff Accounting Bulletin-121 (SAB-121) — a rule effectively preventing banks from holding digital assets for clients — a marginal uptick in inflation, and positive inflows into Bitcoin exchange-traded funds (ETFs).

Kendrick expects SAB-121 to be repealed by both Former President Donald Trump and Vice President Kamala Harris. Similarly, the Standard Chartered executive said that leadership changes at the Securities and Exchange Commission were likely coming — specifically noting SEC Chair Gary Gensler’s negative impact on the crypto industry and what Gensler’s potential replacement could mean for the markets.

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