💰$5K Into Millions

How this investor went from rags to riches. Plus, the most popular Polymarket bets.

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Happy Tuesday, Zingernation! Donald Trump, the Democratic ticket and whether JD Vance will stay the VP nominee were Polymarket whales’ favorite trades in a record-breaking August.

Today, we look at a crypto trader’s insights from turning $5K into millions, fresh SEC beef with crypto exchange Kraken and more.

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MARKET SNAPSHOT

TOP STORY

Turning $5,000 into millions sounds like the dream of every person entering crypto.

Dan has made realized this dream for himself.

And now he shared his key insights from this year-long journey.

Spoiler alert: dreading over past losses is time better spent elsewhere.

What else he shared?

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QUICK N DIRTY

Bitcoin ETFs have gobbled up no less than $18 billion in net inflows so far. In comparison, ETH ETFs have seen net outflows in their first month. Why?

Peter Thiel talked crypto with Joe Rogan, but one of his hot takes went under the radar: if we say ‘crypto is libertarian,’ can we also say ‘AI is communist’?

Polymarket whales have had a record volume month in August with $400 million traded. They bet on the election, VP nominees and other markets.

FINTECH FOCUS

The lawsuit filed by the Gary Gensler-led Securities and Exchange Commission against cryptocurrency exchange Kraken will proceed to trial.

Yikes.

A judge ruled that “at least some” of the transactions on Kraken facilitated securities trading.

What else did the ruling say?

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