2 billion dollars bet on Trump and Harris on Polymarket !
Welcome to the Daily Tribune of Saturday, October 19, 2024 ☕️
Hello Cointribe! 🚀
Today is Saturday, October 19, 2024, and as every day from Tuesday to Saturday, we summarize the news of the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially cloudy ⛅
24h crypto recap! ⏱
France: Taxation of crypto and financial gains at 33% in 2025 ⚠️
In 2025, the flat tax in France will increase from 30% to 33%, affecting all financial gains, including those from cryptocurrencies. This increase, voted by the Finance Committee, will concern all types of capital income, including dividends, capital gains, and interest.
Crypto investors will be particularly affected, as each sale or conversion of cryptos into fiat currency will be subject to this new rate. It is feared that this increased taxation will make investments in France less attractive, especially in the crypto sector, which is already facing significant market fluctuations. Parliamentary discussions are ongoing, and adjustments could still occur before the final vote.
Hamster Kombat: Token drop, but hopes for rebound 🐹
The Hamster Kombat project is experiencing a spectacular drop in its native token HMSTR, falling from 660 million to 255 million dollars in market capitalization after a massive airdrop.
Despite this, the team remains optimistic and is betting on strong trading activity. They have just announced Season 2 with new features, such as player-managed gaming platforms, as well as expansion into new crypto markets in collaboration with Web2 and Web3 developers. This strategy aims to broaden their audience beyond Telegram and rekindle interest in their crypto, despite current challenges.
Explosive bets on Polymarket for the American presidential election: 2 billion at stake! 💰
On the decentralized betting platform Polymarket, more than 2 billion dollars have been bet on the outcome of the 2024 American presidential election. This prediction market sees Donald Trump in the lead with 608 million dollars bet on him and a 62.3% chance of winning, while Kamala Harris has gathered 405 million dollars in bets, with a 37.5% probability.
The surge in bets reflects the growing interest in this election, where crypto and politics intertwine in unprecedented ways. Polymarket, expanding with a 45 million dollar fundraising last May, embodies the fusion of decentralized finance and global events, demonstrating the transformative potential of cryptocurrencies in unexpected spheres.
The SEC intensifies its battle against Ripple: A decisive last resort ⚖️
The SEC has recently filed a last-minute appeal in its lawsuit against Ripple, aiming to challenge the historic decision of July 2023 regarding the classification of XRP sales. While the SEC no longer disputes the non-qualification of XRP sales to individuals as securities, it specifically targets institutional sales and non-monetary transactions, for which Ripple had already been sanctioned.
Ripple responded by filing a cross-appeal, and its legal director, Stuart Alderoty, claims that the SEC's attempt could backfire. The case, which could redefine crypto regulation in the United States, has provoked strong reactions within the XRP community. If the SEC prevails, it could impose stricter regulations on institutional crypto sales, while a new victory for Ripple would strengthen the position of crypto players against authorities.
Today's crypto: Axie Infinity (AXS)
Axie Infinity is a blockchain gaming platform that innovates by integrating NFTs (non-fungible tokens) into its gaming ecosystem, allowing players to own and trade creatures called Axies. Its blockchain is based on Ethereum, with the addition of the Ronin sidechain to optimize transactions.
The project's native crypto, Axie Infinity Shards (AXS), is used for governance, in-game payments, and rewards. Distributed through private and public sales as well as gaming rewards, it gives holders the right to participate in governance decisions and access benefits within the ecosystem, including participation in gaming fees and the creation of new Axies.
Recent performances
Current price: €4.83
Percentage increase/decrease: +9.02% over 24 hours
Market capitalization: €740.64 million
Rank on CoinMarketCap: #86
🚀 Bitcoin on the verge of an explosion: The $70,000 threshold in sight!
Bitcoin seems poised to cross a key milestone as it approaches the psychological threshold of $70,000. After consolidating around $67,000, many investors anticipate an explosive rise once this barrier is surpassed.
This threshold is seen as a crucial turning point, especially after months of stagnation. Analysts, such as Dan Tapiero, note that the summer consolidation period could soon give way to a new bullish phase. Surpassing $70,000 would pave the way for unprecedented highs, in an optimistic climate bolstered by a 12% increase in one week.
From a technical standpoint, indicators are also favorable. The formation of higher lows and higher highs suggests an imminent bullish trend. Additionally, the 10-day moving average shows a resurgence of momentum.
However, some observers urge caution, reminding that this type of resistance can be difficult to break. If Bitcoin manages to exceed this threshold, the last quarter of 2024 could be marked by positive volatility and a potential new bullish cycle.
🔗 Read the full analysis here.
