Harris loses lead on Polymarket as odds RFK Jr will endorse Trump jump 38%
Trump now leads Harris 52% to 47% on crypto-native prediction market Polymarket.
Happy Wednesday!
The global crypto market cap is $2.1 trillion, with a 24-hour volume of $58.87 billion. The price of Bitcoin is $59,429.53, and BTC market dominance is 55.8%. The price of Ethereum is $2,597.36, and ETH market dominance is 14.9%. The best-performing sector is Debit Card, which gained 13%. The Crypto Fear & Greed Index is currently Extreme Fear (26).
LATEST SLATECAST 🎙️ Kamala Harris’s stance on crypto could decide 2024 election, says Scaramucci
📰 Top News
Harris loses lead on Polymarket as odds RFK Jr will endorse Trump jump 38%
Trump now leads Harris 52% to 47% on crypto-native prediction market Polymarket.
👀 Metric of The Day
In the past seven days, Ethereum's inflation rate has been +0.7%, slightly lower than Bitcoin's inflation rate of +0.8%.
Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Ethereum and Solana echoed Bitcoin's movements, with both giving up the previous day's gains within the last few hours.
Grayscale outflows overshadow Ethereum ETF inflows
Grayscale's massive outflows dampened the early excitement for Ethereum ETFs.
Germany seizes $28 million in raid on unlicensed crypto ATMs
The sting was carried out on Aug. 20 and targeted 35 locations where crypto ATMs were reportedly being operated without the necessary licensing.
📈 Latest Insights
Bitcoin’s 2022 bull cycle shows recurring deep corrections, aligning with historical patterns
Bitcoin accumulation surges as miners and retail investors show confidence
Mt. Gox transfers $784 million in Bitcoin, fueling distribution rumors
Bitcoin and S&P 500 divergence echoes pre-COVID trends, potential realignment ahead
🗞️ More News
Ethereum L2 Corn launches with $6.7 million in seed funding, integrates Bitcoin-backed gas
Crypto trader loses $55M in DAI to phishing attack using Inferno Drainer kit
Bloomberg analyst sees bleak future for Solana ETFs amid current SEC climate
Gate Ventures partners with Abu Dhabi Blockchain Center for $100 million Web3 fund
📖 Latest Market Report
The fluctuating correlation between Bitcoin and gold
CryptoSlate's latest market report dives deep into the factors driving the Bitcoin-gold correlation.