A Joe Biden-themed memecoin tanked nearly 75% since his debate against Donald Trump last week, while his possible replacement’s memecoin has surged.
In a recent report by Reuters, speculation has emerged regarding the possibility of President Joe Biden withdrawing from the race for the White House, leading to a surge in interest around the newly created Kamala Horris (KAMA) meme coin. These developments have sparked intrigue in political circles and garnered attention within the cryptocurrency industry. Biden’s Successor? According to seven senior sources from the Biden campaign, the White House, and the Democratic National Committee, discussions are underway about Vice President Kamala Harris potentially replacing President Biden as the Democratic nominee if he chooses not to pursue reelection. This scenario would involve Harris inheriting the funds and campaign infrastructure established by the Biden campaign. With her high name recognition and favorable polling among Democrats, Harris is considered a strong alternative candidate. Related Reading: Bitcoin Price Drops Below $60,000: Key Reason Explained The cryptocurrency market has also reacted to these speculations, with traders on the crypto-based prediction platform Polymarket witnessing a significant increase in the odds of VP Harris becoming the Democratic nominee. The trading of stocks indicating a “yes” answer to Harris receiving the nomination jumped from as high as 43%, approaching Biden’s numbers, which amount to a 45% chance, according to voters, of completing the race to the White House. Kamala Horris Skyrockets Amidst Political Buzz CoinGecko data further reveals the impact of these developments on the meme coin market. The Kamala Horris meme coin experienced an astronomical surge, soaring over 174% in the past 24 hours and an astonishing 1659% over the past two weeks. Its trading price peaked at $0.01561, reflecting the growing interest and uncertainty surrounding the potential shift in the upcoming presidential election. In contrast, CoinGecko shows that Donald Trump’s parody meme coin, Doland Tremp (TREMP), faced a decline of over 43% in the past seven days, currently trading at $0.4868. However, TREMP still boasts a substantial market cap of $48 million, surpassing other political meme coins in the crypto space. Conversely, President Biden’s parody meme coin, Jeo Boden (BODEN), witnessed a surge of over 22% in the past hour alone, demonstrating the frenzy among crypto investors in response to the evolving political landscape. Nevertheless, BODEN experienced a 71% price drop in the past week, with its current trading price at $0.04533. Related Reading: Ethereum DApps On Fire: Volume Soars Over 90% — Good For ETH Price? Ultimately, these developments hold implications for the political arena and the broader crypto industry. Former President Trump’s pro-crypto stance and emphasis on innovation have been juxtaposed with the regulatory challenges faced during the Biden administration. The lack of a clear regulatory framework and enforcement actions brought by the US Securities and Exchange Commission (SEC) over the past years has raised concerns among industry participants, who argue that such actions may hinder growth and innovation in the nascent crypto space. Meanwhile, Bitcoin (BTC), the leading cryptocurrency in the market, continues to exert its influence on the sentiment of top cryptocurrencies. Over the past 24 hours, BTC has experienced a modest decline of 3.4%, bringing its current value to $60,220. Featured image from DALL-E, chart from TradingView.com
Kraken founder Jesse Powell said he donated $1 million, mainly Ethereum, to support former US President Donald Trump‘s re-election bid. In a June 28 statement, Powell explained that the donation was meant to help the US maintain its leadership in blockchain technology. He said: “I am excited to join other leaders from our community to […]
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The significant financial support from prominent figures in the crypto industry for Donald Trump underscores a growing alignment between the cryptocurrency sector and political candidates who advocate for less stringent regulatory environments, potentially influencing future policy directions and the broader economic landscape.
The post Kraken’s Jesse Powell donates $1M to Donald Trump, calls him “the only pro-crypto major party candidate” appeared first on Crypto Briefing.
In a surprising turn, former President Donald Trump has positioned himself as a strong advocate for cryptocurrencies, pledging to champion financial innovation and deregulation in the industry. As the 2024 election approaches, Trump’s pro-crypto stance has gained significant attention, reflected in the betting odds on prediction markets like Polymarket, where he is currently favored to […]
Ripple CEO Brad Garlinghouse believes SEC chair Gary Gensler’s actions could jeopardize President Joe Biden’s chances in the upcoming November elections. Garlinghouse made the statement via social media platform X in reaction to Gensler’s June 25 Bloomberg interview. In the interview, Gensler reiterated his previous critiques of the crypto industry, describing it as highly centralized and largely non-compliant […]
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Trump’s potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.
Ark Invest CEO Cathie Wood announces support for Donald Trump, citing economic reasons and aligning with his pro-crypto stance.
The post Cathie Wood says she will vote for Trump, sees him as best for US economy appeared first on Crypto Briefing.
The Trump campaign refunded the Winklevoss twins after their Bitcoin donations went over the federal limit.
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Gemini CEO Tyler and his twin brother Cameron Winklevoss, the company's president, have made two of the first major presidential contributions from prominent crypto executives, favoring former President Donald Trump with $1 million each in support, Tyler explained Thursday in a extensive posting on X.
LandBridge is seeking to raise $319 million through an initial public offering (IPO) in the United States, targeting a valuation of $1.6 billion. While the IPO piqued interest—dominating headlines—Matthew Sigel, the Head of Digital Assets at VanEck, noted that LandBridge, quoting an unnamed official, is keen on tapping into opportunities presented by Bitcoin mining activities. […]
The crypto market has been stirred by the emergence of a new meme coin named “Trump Coin” (ticker: DJT) on the Solana blockchain, bearing former US President’s initials. Launching with a reported market cap of $73 million according to SolScan, the coin’s legitimacy and provenance remain mired in mystery as the crypto community seeks clarity. […]
The billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the SEC chairman’s stance against cryptocurrency
The US presidential candidates are looking for crypto voters’ support as the elections approach. The Biden administration recently took a 180-degree turn on its stance on digital assets. This change of gears was seemingly fueled by Republican Candidate Donald Trump’s endorsement of digital assets during his campaign. Related Reading: Cryptocurrency Gains Momentum Among Democrats: Ex-Rep […]
In a noteworthy move for the cryptocurrency sector, crypto supporter and the Chief Executive Officer (CEO) of San Francisco-based exchange Coinbase Brian Armstrong, has met with United States Senators to advocate for a more consistent and more lucid regulation of digital assets. This engagement from Armstrong demonstrates that industry leaders are taking the initiative to […]
Mark Cuban criticizes SEC Chair Gary Gensler, warning that his stance on crypto could cost Biden the White House.
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Former President Donald Trump’s recent endorsement of Bitcoin mining in the United States has sparked intense debate and speculation among experts, policymakers, and the broader crypto community. Trump’s statements, made on late Tuesday, suggest a strategic pivot towards making the US a dominant force in BTC mining. “Bitcoin mining may be our last line of […]
With a 56% chance of winning, according to the prediction market's traders, the former president has a 22-point lead over the incumbent, far bigger than what the polls indicate.
During a San Francisco fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya, former President Donald Trump positioned himself as the champion of crypto and criticized the Democratic party’s regulatory efforts in the sector. Donald Trump Raises $12 Million In Race For White House According to Reuters, the event was held at Sacks’ […]
Former US President Donald Trump’s crypto portfolio has surged to nearly $26 million, primarily due to the recent airdrop of a new memecoin. This dramatic increase was highlighted by the crypto intelligence platform Arkham, which revealed via X: “Donald Trump’s memecoin holdings have just doubled, to over $20M. Donald Trump was airdropped half of the […]
Digital asset regulation and policy were at the center of discussion for many panels at the crypto event when news of Donald Trump’s 34 felony convictions broke.
US President Joe Biden has vetoed congressional resolution H.J. Res.109, which seeks to repeal the US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No.121, a controversial guidance measure that is widely viewed as anti-crypto. Interestingly, Biden’s action comes amidst rumors that the incumbent government was posturing to gain the favor of crypto voters […]
Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again.
The ever-evolving world of crypto assets could be poised for substantial growth, as market experts at the cryptocurrency channel Our Crypto Talk are heralding an unprecedented super bullish phase for the industry, driven by a convergence of significant global developments. Key among these is the adoption of cryptocurrency assets in the impending United States Presidential […]
Justin Sun, Tron’s blockchain founder, has called on the crypto community to support a pro-crypto candidate in the forthcoming US presidential elections in November. Sun made this appeal in a May 26 social media post, emphasizing the importance of aligning with a candidate who endorses cryptocurrencies to ensure the industry’s voice is heard and interests […]
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One crypto lawyer thinks a Donald Trump election win would revert some SEC crypto lawsuits, but others note he hasn’t always kept campaign promises.
Former President Donald Trump made a surprise appearance at the Libertarian Party convention on Saturday, where he called for the commutation of Ross Ulbricht’s sentence, the founder of the Silk Road online marketplace. The move is seen as an attempt by Trump to broaden his support ahead of the 2024 presidential election and neutralize the […]
Former US President and Republican Presidential candidate Donald Trump has pledged to support cryptocurrency companies if re-elected. This announcement comes as the American billionaire challenges incumbent President Joe Biden, whose administration seems to be reversing its stance on crypto policy. With the US Presidential elections nearing later this year, the contrasting approaches to cryptocurrency regulation […]
Former US President Donald J. Trump has announced that his campaign will accept donations in Bitcoin and various cryptocurrencies, marking a significant milestone as the first major party Presidential nominee to employ this strategy for fundraising. The announcement came via an official campaign press release. The Trump campaign’s new fundraising initiative integrates the use of […]