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Election 2024

Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC

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Bitcoin

Bitcoin (BTC), Solana (SOL) Hit New Cycle Highs Against Ether (ETH) as Trump Edges Closer to Victory in U.S.

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Over the past five years, the ratio has risen from 0.02 to a peak of above 0.08 in early 2022, meaning ETH quadrupled in value relative to BTC at the time. Since then, it’s been on decline. Even as BTC set a lifetime high, ether has yet to break through its high from 2021 and is down 46% from its peak.



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Bitcoin

Donald Trump’s Sliding Victory Odds Hit Bitcoin Price (BTC)

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Since, though, Trump’s odds have been falling, as has the price of bitcoin and cryptocurrencies in general. At one point overnight, the former president’s victory chances declined to less than 53% (with Harris rising to above 47%). Alongside, bitcoin fell to as low as $67,600. At press time, during the U.S. morning hours Sunday, both Trump and bitcoin have come back a bit, with Trump sitting at 56% and bitcoin at $68,300, lower by more than 2% over the past 24 hours.



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campaign contributions

Ripple Co-Founder Chris Larsen Flooding Kamala Harris’ Election Effort With XRP

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While significant, his millions are overshadowed by the overall crypto industry’s campaign involvement, led by the super PAC Fairshake. That group’s $169 million in donations – primarily from Coinbase Inc. (COIN), Ripple Labs and Andreesen Horowitz (a16z) – has not only dominated the crypto sector’s election involvement but has put it among the biggest sources of campaign cash in the 2024 elections.



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