You're receiving this email because you're subscribed to Future Finance from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Monday, Zingernation! It’s all the election today, as President Biden’s announcement resolved almost $80 million in election-related crypto bets.

Today, we look at why Michelle Obama’s chances to become the nominee suddenly spiked, what is going on with MicroStrategy and more.

Plus, our partner shares his best-performing trading strategy.

MARKET SNAPSHOT

TOP STORY

Michelle Obama For Democratic Nominee? Crypto Bettors Think Her Odds Have Just Tripled

Briefly: Polymarket indicates that bettors think former First Lady Michelle Obama may have a chance at becoming the Democratic nominee for the Presidential election.

So Basically: The market, which has attracted over $214 million in bets, gives Michelle Obama a 11% chance of replacing President Joe Biden as the nominee, making her the second favorite after Vice President Kamala Harris.

So Then: The betting trend shows Obama’s chances more than tripling in the last 24 hours alone, from 3% to over 10%.

So What: Entrepreneur and investor Balaji S. Srinivasan said, “Obama is not endorsing Kamala. He’s calling for an open convention. Michelle Obama may be his nominee.”

Read the entire scoop here.

TOGETHER WITH TIM

2:59 PM Friday - Place This Trade

This Millionaire trader’s best performing strategy is the most bizarre thing I’ve ever seen.

Step 1: He looks for a specific catalyst in the news on Friday. 

Step 2: He places one simple trade around 2:59 pm.

Step 3: And if all goes to plan… He cashes in on Monday.

He’s used this simple 3-step strategy to make $8,780… $9,518… and even $16,159 on the weekend. And his new exclusive training will show you exactly how to do it yourself. 

He usually only offers this training to his students for over $2,000 a year. But right now for a very limited time, he’s offering it for just $7!

>>Discover the World’s Most Bizarre Trading Strategy Here.

FIVE ZINGERS

Gamblers: Almost $80 million have been wagered on President Biden’s political future, just before he announced dropping out of the race.

Ouch: Two traders lost $2 million and $8 million respectively, betting on Biden and the Jeo Boden meme coin and losing out due to Biden’s announcement.

Comeback: Democrats could win back a chunk of the crypto vote with Biden’s exit, says a legal expert who recommends a softer position on crypto.

Explosion: A Kamala Harris-themed meme coin, KAMA, is up 1,500% in three weeks and flipped the Jeo Boden meme coin on Sunday evening.

Bearish: Despite good fundamentals, Shiba Inu may be on a bearish path after failing to make a break up during a market-wide rally.

TOGETHER WITH TIM

2:59 PM Friday - Place This Trade

This Millionaire trader’s best performing strategy is the most bizarre thing I’ve ever seen.

Step 1: He looks for a specific catalyst in the news on Friday. 

Step 2: He places one simple trade around 2:59 pm.

Step 3: And if all goes to plan… He cashes in on Monday.

He’s used this simple 3-step strategy to make $8,780… $9,518… and even $16,159 on the weekend. And his new exclusive training will show you exactly how to do it yourself. 

He usually only offers this training to his students for over $2,000 a year. But right now for a very limited time, he’s offering it for just $7!

>>Discover the World’s Most Bizarre Trading Strategy Here.

FINTECH FOCUS

What's Going On With MicroStrategy Stock Monday?

Briefly: MicroStrategy shares are calm on Monday after rising 14.4% on Friday on the back of continued upward momentum for Bitcoin.

What Happened: Bitcoin is up about 7% over the past week as sentiment continues to improve and money continues to pour into digital asset investment products, which saw $1.35 billion in inflows last week.

What Else: MicroStrategy is also seeing increased attention ahead of earnings and a stock split that is set to take effect in the coming weeks.

Why It Matters: MicroStrategy will also enact a 10-for-1 stock split by means of a dividend to holders of record as of the market close on Aug. 1. Holders of MicroStrategy shares will receive nine additional shares for each share held.

Read the full scoop here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this twice-daily newsletter delivers top stories, fast movers, and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.