Markets
Bitcoin Soars Above $62.5K After Trump Shooting
Bitcoin surges above $62,500 after the weekend attack on Donald Trumpwhich also appears to have increased the former president’s chances of winning a second term in November. After establishing himself as a pro-crypto candidate over President Joe Biden, Trump’s election prospects have become a yardstick for the cryptocurrency market. BTC has risen more than 7% since the failed assassination attempt in Butler, Pennsylvania. At the time of writing, its price is $62,476, up 3.95% over the past 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), is up 3.32%.
The Likelihood of Donald Trump Retaking the White House has jumped to an all-time high Saturday after the shooting at the Pennsylvania rally, according to traders at Polymarket. “Yes” shares in Polymarket’s Trump presidential win contract jumped 10 cents after the incident to 70 cents, meaning the market now sees a 70% chance he will prevail in November’s election. Each share pays $1 if the prediction comes true and zero otherwise. Meme tokens named after Trump also surged after the shooting. MAGA, for example, rose 34% in a 24-hour period to $8.38, according to CoinGecko data, and the satirical TREMP added 67% to $0.6471. BODEN, a joke asset named after Biden, slipped about 15% in a 24-hour period to $0.0333115.
Alexey Pertsev, co-founder and developer of Tornado Cash, He was denied bail by a Dutch court on Friday. Pertsev’s lawyers had been seeking bail to allow the Russian to prepare for his appeal hearing, but the court said “that his continued detention does not hinder his ability to prepare his defense,” Pertsev’s lawyer Keith Cheng said, according to the report. Pertsev was found guilty of money laundering by a Dutch judge at the s-Hertogenbosch court in May and sentenced to 64 months in prison by the court. The verdict sent shockwaves through the community, leaving many outraged. The case has been described as the most pivotal legal case in the cryptocurrency industry.