Donald Trump
Polymarket shows rising odds of Trump nominating Musk to cabinet
Published
2 weeks agoon
By
adminThe odds of Donald Trump winning the November election and nominating Elon Musk to his cabinet have surged on Polymarket.
A Polymarket poll with over $803 million in assets, shows Donald Trump with a 53% chance of winning, compared to Harris’ 46%. Harris had been leading Trump for a time in August as enthusiasm for her campaign increased.
Another Polymarket poll, with $77,000 in assets, predicted Trump would win and nominate Elon Musk to his cabinet. These odds rose to 18% on Sep. 5, up from 12% a day earlier. The poll will be deemed accurate if Trump wins and appoints Musk to lead one of the 15 executive departments or a cabinet-level role.
According to the poll’s creators, advisory roles will not count as cabinet-level appointments.
These odds jumped after the Wall Street Journal reported that Trump was considering Musk to lead a government efficiency commission. This commission would review the federal government to identify waste, reduce fraud, and prevent improper payments.
Elon Musk has become a vocal supporter of Trump and has donated to his campaign. While the two billionaires differ on some policies, they have aligned on key issues like regulation and immigration.
Musk has been open to serving in some capacity in government. What is unclear, however, is whether he will agree to step aside from his many ventures like SpaceX, Tesla, and X that are regulated by the federal government.
Trump and Musk-themed tokens mixed
Donald Trump and Elon Musk-themed tokens were mixed after the WSJ report. Elon (ELON), a token valued at over $2.7 million, rose by 9.4% while MAGA Hat (MAGA) rose by 2.3%. MAGA (TRUMP), the biggest Trump-themed token, has dropped by over 17.5% in the last seven days.
In the stock market, Tesla shares jumped by over 4.8%, continuing its recent recovery that has pushed its market cap to over $733 billion. Trump Media & Technology stock was little changed and has retreated by over 36% in the last month.
Bitcoin (BTC) and other cryptocurrencies were also muted after the report. BTC was stuck below $57,000 while Ethereum (ETH) dropped below $2,400. Trump is seen as a more favorable candidate for the industry.
However, historically, cryptocurrencies have done regardless of who was in the White House. Bitcoin jumped to a record high of $1,166 under Barrack Obama, $35,000 under Trump, and $73,800 under Biden.
Kamala Harris leads in most polls
It is still unclear whether Donald Trump will win the election, especially because of independent voters.
Recent mainstream polls have sent mixed signals. Harris leads Trump by six points in an Outward Intelligence poll. She also leads him by four points in an Emerson College poll and by two points an a YouGov one.
Harris is also leading in fundraising, raising $300 million in August, compared to Trump’s $130 million. This funding suggests she still has momentum with two months left before the election.
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Donald Trump
Donald Trump Makes Historic Bitcoin Payment At PubKey
Published
1 day agoon
September 19, 2024By
adminToday, history was made as President Donald Trump became the first US president to make a Bitcoin payment.
WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1
— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024
The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.
“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.
“Get out and vote, because if you vote, we cannot lose. We want to get everybody that agrees with you people — and there’s a lot of people — [to vote],” he added.
“They’ve been treating you very badly at the SEC, and we’re going to treat you very fairly.”
Regarding the payment, Trump said it was easy to make and that it went through “quickly and beautifully.”
One of the most historic transactions in #bitcoin history was just made.
President @realDonaldTrump buying burgers at @PubKey_NYC with @tpacchia.
Block height: 861871
You saw it here first. pic.twitter.com/moHUIKDxej
— PUBKEY (@PubKey_NYC) September 18, 2024
After making the transaction, Trump, escorted by one of the bar’s owners, Thomas Pacchia, introduced himself to all in attendance.
“This was one of the most important Bitcoin transactions of all time,” said Pacchia.
“President Trump came to PubKey to connect with the Bitcoin community — to show his support to the Bitcoin community,” he added.
“We are very excited he was here.”
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cryptocurrency
MAGA, FIGHT, and DJT surge as Trump’s crypto project announces WLFI token
Published
3 days agoon
September 17, 2024By
adminDonald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token.
Fight to MAGA (FIGHT) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (DJT) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (MAGA) rose by 18% over the past day, with a daily trading volume of $11.48 million.
All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned bullish according to Coinmarketcap data.
These tokens rallied after Donald Trump’s crypto initiative, World Liberty Financial, announced its plans to release a governance token named WLFI.
WLFI has been advertised as a non-transferable governance token, allowing holders to propose and vote on platform-related matters. Approximately 63% of the total token supply is designated for public sale, with 17% for user rewards, and the remaining 20% for the team and advisors.
While the token’s launch date remains undisclosed, the project team has confirmed that sales will be limited to accredited investors.
Despite the rise on Sept. 17, political-themed tokens have been experiencing a downturn, with their total market cap now down to $481 million.
These tokens tend to gain prominence during election seasons, potentially losing much of their relevance after the elections conclude. Traders often refer to these as “event coins” because their prices are influenced as the date of the related event approaches.
However, in the short term, these coins could see further gains if Bitcoin (BTC) breaks past its previous high, as meme coins often thrive during Bitcoin’s bull runs. Factors that could drive Bitcoin’s price higher include possible cuts in Federal Reserve rates, a weakening US dollar, and a continuing stock market rally.
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Donald Trump
World Liberty Financial, Crypto Project Promoted by Trump Family, Confirms Plan for WLFI Token
Published
3 days agoon
September 17, 2024By
adminAs of now, the token will be sold only to accredited investors under what is known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings.
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