STKD launches Bitcoin and gold ETF as ‘debasement trade’ gains traction

October 16, 2024 Coin Telegraph

bitcoin etf

The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.

Fund issuer Stacked, also known as STKD, has launched an exchange-traded fund (ETF) touting leveraged exposure to Bitcoin (BTC) and gold as investors embrace the so-called “debasement trade” ahead of the United States presidential elections in November.

According to the Oct. 16 announcement, STKD Bitcoin & Gold ETF (BTGD) aims to offer investors “the opportunity to invest in two scarcity assets that may protect against future inflation and currency debasement.”

The actively managed ETF is designed to deliver $1 of exposure to BTC and $1 to a gold portfolio for every $1 put into the fund. It intends to hold a mix of ETFs and futures tied to the price of BTC and gold.

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Prediction markets rise 565% in Q3, fueled by US elections

October 14, 2024 Coin Telegraph

2024 elections

Decentralized prediction markets could offer more accurate predictions for the US elections than traditional polling systems, according to Elon Musk.

Prediction markets saw significant growth in the third quarter of 2024, driven by bets on the upcoming United States presidential election, which could have wide-reaching effects on cryptocurrency regulations.

The betting volume on prediction markets rose over 565.4% in Q3 to reach $3.1 billion across the three largest markets, up from just $463.3 million in the second quarter of 2024.

The significant growth in prediction market volume was mainly attributed to increasing bets on the outcome of the US elections, according to an Oct. 14 CoinGecko report, which stated:

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Former President Trump leads Harris by 10 points — Polymarket

October 12, 2024 Coin Telegraph

2024 Presidential elections

According to Polymarket users, Vice President Kamala Harris is currently favored to win the popular vote by a staggering 72% margin.

Former President Donald Trump is currently leading Vice President Kamala Harris by 10 points on the Polymarket prediction platform — a sharp reversal over betting odds in September.

According to the latest Polymarket data, Trump currently has a 55% chance of securing the Oval Office in November compared to Harris' 45% chance.

The former President also reversed Harris’ lead in 4 of 6 swing states and now leads in Arizona, Georgia, Michigan, and Pennsylvania — with Arizona and Georgia representing the GOP candidate's widest margins of victory.

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SEC enforcement chief Grewal to step down

October 2, 2024 Coin Telegraph

Coin Telegraph

The end of his tenure, marked by aggressive cryptocurrency enforcement, could signal a change in the agency’s approach to crypto.

According to an Oct. 2 announcement, the United States Securities and Exchange Commission’s (SEC) chief enforcer, Gurbir Grewal, will step down on Oct. 11 after a stint distinguished by his aggressive policing of the cryptocurrency industry.

The SEC has not chosen Grewal’s permanent replacement but Sanjay Wadhwa, deputy director of the SEC’s enforcement division, will serve as acting director for the time being, the announcement said.

As the SEC’s chief enforcer, Grewal recommended more than 100 enforcement actions “addressing widespread noncompliance in the quickly growing crypto space, including against the operators of the largest crypto asset trading platforms in the world,” the regulator said.

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Former President Trump “safe” following gunshots nearby—campaign

September 15, 2024 Coin Telegraph

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2024 presidential election

The campaign released a statement on Sunday, Sept. 15 about the incident, which the Secret Service says occurred around 2 PM EST.

Former President Trump is "safe" following reports of gunshots "in his vicinity", Trump spokesperson Steven Cheung said in a Sept. 15 statement, that read: “President Trump is safe following gunshots in his vicinity. No further details at this time.”

The former President was reportedly playing golf at the Trump International Golf Club in West Palm Beach, Florida when the gunshots were heard. According to CNN, the golf course was immediately locked down after the incident.

At this point, it is not clear if the incident was an assassination attempt on the former President. However, officials do believe the shooter was attempting to target the President. Donald Trump Jr., the son of the former President, also claimed that an AK-47 rifle was recovered at the scene by law enforcement officials.

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Crypto may swing election in battleground states — law professor

September 14, 2024 Coin Telegraph

2024 elections

According to a 2024 analysis by the Federal Reserve, 7% of adults in the United States currently hold or have used crypto in the past.

As the 2024 election season commences in the United States, the crypto industry and broader community have mobilized to support perceived pro-crypto candidates. Dr. Tonya M. Evans—a tenured law professor at Pennsylvania State University—sat down with Cointelegraph to explain the impact of crypto on the upcoming elections.

According to Dr. Evans, the upcoming presidential race, in particular, will be decided by razor-thin margins—where many issues can potentially swing the vote, including crypto.

However, the law professor also noted: “If you’re a multi-issue voter who happens to also be pro-crypto, you’re far less likely to be swayed by either candidate on this point alone.”

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Prediction market interest fuels launch of PancakeSwap Telegram bot

September 11, 2024 Coin Telegraph

Coin Telegraph

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

PancakeSwap has introduced its first prediction bot in response to increasing interest in prediction market products.

The new PancakeSwap prediction Telegram Bot was launched in beta on Sept. 11. It offers mobile users a convenient way to predict the future price of the BNB (BNB) token.

The new prediction bot was launched due to a growing interest in prediction markets, the PancakeSwap team told Cointelegraph:

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‘The crypto voting bloc is not voters’ — political scientists debate election impact

September 4, 2024 Coin Telegraph

Coin Telegraph

Recent polling among cryptocurrency holders has candidate Donald Trump firmly ahead of his opponent but researchers are undecided about whether it even matters.

Political science experts are having a tough time factoring in the ‘crypto vote’ when it comes to the impending US presidential election. While the experts’ opinions run the gamut from claims crypto voters will be the deciding factor in the 2024 race to those who think they’re inconsequential, they all seem to agree on one thing: the number of voters who care about crypto is growing.

A recent article published by the Northeastern University press took on the challenge of determining just how much impact the so-called “crypto bloc” may have on the 2024 US presidential election.

According to the political science professors interviewed, polling data suggests a decided political bent between those who hold crypto and those who don’t, but it remains unclear just how many voters consider cryptocurrency a major political issue.

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Trump’s platform favors crypto, but what about his inflationary policies?

September 2, 2024 Coin Telegraph

Bitcoin

Crypto single-issue voters back Trump in pursuit of deregulating the US crypto industry and probably boosting their wallets, but do they grasp the broader economic policies at stake?

While many United States crypto advocates have thrown in their lot with former President Donald Trump in the upcoming presidential elections, some of his policies run counter to the deflationary and decentralized principles on which the industry was founded.

Trump has secured strong support within the crypto community since making several clear statements that he would support the industry under his administration.

Overall, candidates’ policies toward cryptocurrencies have gained traction in the public discourse as the growing number of crypto holders has transformed into a potentially influential voting block.

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RFK Jr drops out of presidential race, while Trump takes lead on Polymarket

August 23, 2024 Coin Telegraph

Coin Telegraph

Kennedy is set to address the nation from Arizona on Aug. 23 and could potentially reveal more support for Trump's presidency.

Independent candidate Robert F. Kennedy Junior has withdrawn from the 2024 presidential elections in the United States.

Kennedy withdrew from the election race on Aug. 22, according to a document filed to the Arizona Secretary of State.

RFK withdraws from the presidential race. Source: Arizona Secretary of State

US elections

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