The Block
Polymarket has resolved its U.S. presidential election market after major news organizations called it for Trump.U.S. presidential election bets on Polymarket reached more than $3 billion in trading volume ahead of the election.
DeFi tokens like Aave and Uniswap saw substantial gains following Donald Trump’s victory in the U.S. election.Positive speculation around Aave’s price may be linked to its “partnering” with the Trump-linked World Liberty Financial project.
Quick Take Harris and Trump are now tied with 49% chances of winning the election on Polymarket’s $860 million prediction market. Harris’ odds of winning the debate according to polls stood at 94% on Polymarket. Bitcoin rose above $58,000 briefly before the debate but fell to lows of $56,700 during the televised debate.
Quick Take Indodax said it has identified security issues on its platform, with PeckShield estimating the losses could amount to $15.7 million. Indodax added that it is conducting maintenance, and its website and app are currently inaccessible.
Quick Take The first presidential debate between Donald Trump and Kamala Harris ended without mentioning crypto. Cryptocurrency, however, remains a major topic in the upcoming U.S. election.
Quick Take Stablecoin volumes have more than doubled from $650 billion at the start of the year. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Lawmakers on the House Financial Services’ digital assets-focused subcommittee continued to hash out how to regulate DeFi during a hearing on Tuesday. Rep. Maxine Waters, ranking Democrat of the House Financial Services Committee, criticized the Donald Trump-backed crypto project, World Liberty Financial, during the hearing.
Quick Take Former co-CEO of Alameda Caroline Ellison pled guilty in December 2022 following the collapse of FTX, which caused consumers to lose billions of dollars. Ellison’s lawyer asked the judge on Monday to redact some names and information regarding her living situation that they say could put her at risk.
Japan’s Metaplanet buys an additional $2 million in bitcoin, raising its total holdings to $26 million.PayPal and Venmo integrate Ethereum Name Service for crypto payments.Core Scientific eyes a $25-$30 billion valuation via new AI data center contracts.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Now U.S. users of Paypal and Venmo can enter ENS names to send crypto, eliminating the need to copy and paste wallet addresses.
