Crypto-related activities such as political donations, crypto betting, PolitiFi tokens, and NFT sales have surged, overshadowing the level of crypto participation seen in earlier elections. Crypto Donations and Betting Soar in 2024 US Elections Breadcrumbs, a blockchain analytics platform, reports that crypto donations to political campaigns have doubled since 2022.…
The crypto industry’s monetary involvement in the 2024 US presidential election has exceeded $1.2 billion, with Polymarket accounting for a vast majority of the amount, according to a recent report by Breadcrumbs. The report outlined how political donations, decentralized betting, politifi tokens, and NFT sales have connected crypto with the…
Deaton recently secured the Republican nomination, positioning him to challenge Warren for the Massachusetts Senate seat in the upcoming US elections. Winklevoss’s post responded to an email from Elizabeth Warren’s campaign, which accused conservative, crypto-backed groups of orchestrating multi-million-dollar ad campaigns against her. Warren specifically targeted Tyler and his brother…
Former Ripple Labs CEO Chris Larsen has formally backed Kamala Harris ahead of the 2024 presidential race, as part of a coalition of business executives endorsing the vice president. The co-founder joined 88 other executives, including 21st Century Fox CEO James Murdoch and Snap chairman Michael Lynton, in the joint…
A prominent lawyer in crypto legal circles, John Deaton, has won the Republican nomination in the Massachusetts Senate race, and he’ll now face Sen. Elizabeth Warren. Sen. Warren, who is arguably the most influential crypto critic in Congress, has a massive money advantage and has beaten past Republican challengers easily.…
This contest has become a pivotal point for the debate over crypto regulation in the United States. John Deaton vs. Elizabeth Warren is Officially On Deaton, an outspoken advocate for Ripple, won a decisive 64.6% of the primary votes. His competitors included industrial engineer Bob Antonellis and Quincy City Council…
This notice, which often precedes legal action, suggests that the SEC believes OpenSea may have violated federal securities laws by facilitating the sale of NFTs that could be considered securities. Community Voices Clash Over SEC’s Crackdown on OpenSea Finzer quickly responded, expressing his shock at the SEC’s approach. He argued…
Pro-crypto Congressman Wiley Nickel (D-NC) took aim at the U.S. Securities and Exchange Commission’s (SEC) “heavy-handed approach” to enforcement after OpenSea said the regulator threatened a lawsuit against the NFT marketplace. In a tweet, Nickel criticized the SEC’s “aggressive use of ‘regulation by enforcement,’” calling it “a blatant abuse of…
Polymarket has recorded growing interest as of late, causing its active traders and monthly volume metrics to go parabolic. Vitalik Buterin acknowledges the decentralized prediction market platform’s role in ensuring the public has a view of important events. He also highlighted Polymarket’s place in mirroring the things that are likely…
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices CoinDesk 20 Index: 1,968 +2.8% Bitcoin (BTC): $61,253 +3.0% Ether (ETH): $2,638 +2.0% S&P 500: 5,620.85 +0.4% Gold: $2,541 +1.3%…