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📲Paging Nate Silver
Why are Trump's election odds suddenly surging?
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Happy Tuesday, Zingernation! FTX will finally start repayments soon, handing out up to $16.5 billion to its creditors. Read here what this means for Bitcoin.
Today, we look at how Nate Silver explains Trump’s rising election odds, the latest legal battle between crypto.com and the SEC and more.
MARKET SNAPSHOT
TOP STORY
Trump’s odds are rising and statistician Nate Silver has an explanation as to why.
No, it’s not Elon Musk buying Trump shares (most probably).
The answer might actually be much more mundane.
What Polymarket’s user base and bored whales have to do with it:
Political risk is an ever-present but often understated risk that investors face, as its occurrence can reshape the entire investment landscape. One asset class that is among the most susceptible to political risk is commodities. As Bloomberg reported recently, Russian President Vladimir Putin asked his government to consider limiting exports of some commodities like nickel, titanium and uranium in retaliation for Western sanctions. Against the backdrop of the ongoing Russia-Ukraine War, the U.S. and other developed economies have placed numerous sanctions on Russia, intending to weaken the nation’s economy.
QUICK N DIRTY
Popcat is making traders’ wallets pop. Two traders banked multi-million dollar profits with the new cat coin meme star. Read here how they did it.
Bitcoin has dipped below $63,000 again. After a strong rebound from the $60,000 mark, we are back in sideways trading mode. Read what technical analysis is saying.
FTX will finally start repayments soon, handing out up to $16.5 billion to its creditors. Read here what this means for Bitcoin.
FINTECH FOCUS
Crypto.com is taking it to the SEC.
After receiving a Wells Notice, the crypto exchange has sued the regulator. It joins Kraken, Binance and Coinbase on a list of exchanges fighting with the SEC.
What exactly crypto.com is accusing the SEC of?
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