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Crypto stocks recover from dip as polls say Harris won debate against Trump

Crypto and Bitcoin mining-related stocks in the US bounced back from an early trading day dip after opinion polls showed voters rated Kamala Harris debate performance.

Crypto and Bitcoin mining-related stocks have bounced back following an early trading day dip in the wake of the debate between United States presidential candidates Donald Trump and Kamala Harris.

Publicly traded crypto and Bitcoin (BTC) mining firms saw their share prices plunge on Sept. 11, reacting to the debate the night before where opinion polls pinned Harris as outperforming the pro-crypto Trump.

The crypto-linked shares recovered from their lows, with most closing trading on only slightly down.

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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Trump and Harris Neck and Neck After Heated Debate, Polymarket Shows

Trump and Harris Neck and Neck After Heated Debate, Polymarket ShowsFollowing the heated debate between former President Donald Trump and Vice President Kamala Harris, Polymarket data revealed an intense tie between the two from 6 a.m. to 12 p.m. EDT on Wednesday, with each holding a 49% chance of winning. By 2:30 p.m., however, Trump edged ahead by a single percentage point, according to bettors […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Polymarket Bet on Biden Dropping Out Rises to 50% as Camp David Retreat Fuels Speculation

Polymarket Bet on Biden Dropping Out Rises to 50% as Camp David Retreat Fuels SpeculationThis weekend, following the first presidential debate of 2024, the prediction market Polymarket, powered by Polygon, saw a shift in the wager regarding whether incumbent President Joe Biden will withdraw from the race. Just two days prior, the odds of Biden stepping down were at 39%, and as of June 30, 2024, the probability has […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market Betting

39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market BettingFollowing the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Biden-Trump debate: Crypto goes completely unmentioned

Joe Biden and Donald Trump didn’t discuss crypto in their first head-to-head debate despite a multibillion-dollar crypto lobbying war chest to influence the elections.

United States President Joe Biden and former President Donald Trump didn’t mention crypto once in their 90-minute debate on Thursday despite crypto lobbyists raising millions of dollars for this election cycle.

The first of two CNN-hosted debates, held on June 27, focused on each presidential hopeful’s economic plans, abortion rights, immigration and foreign policy. It also briefly touched on their mental capabilities, with Biden, 81 and Trump, 78, the oldest candidates to ever run for president.

Despite a trio of crypto-backed super political action committees (PACs) raising $202.8 million from large industry backers and spending $93.6 million to influence the 2024 elections, the crypto sector received no mention.

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Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide

Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings WorldwideIn a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency practitioners and other common law jurisdictions. Hong Kong Judge Designates Crypto […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin CriticismElizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout GrowThe U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases

Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset CasesRecently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?