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University of Wyoming launches Bitcoin Research Institute
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Crypto Industry Outreach Propels Kamala Harris’s Presidential Odds to 39%
Kamala Harris’s odds of becoming the next president increased by a record 5% to 39% on Polymarket after recent reports that her team is reaching out to stakeholders within the crypto industry. Market analysts said these strategic moves have boosted her chances within a deeply polarized crypto industry.
Also Read: Trump raises $4 million crypto to aid his journey to POTUS
Some of the companies reportedly contacted include Coinbase and Ripple Labs. While these companies have not directly endorsed Trump, some key executives have already donated to his campaign. Stuart Alderoty, Ripple Labs’ general counsel, donated $300,000 in XRP tokens to the Donald Trump Campaign in June.
Kamala Harris' election odds are up 5% today, a new high for Democrats.This race is looking closer and closer. pic.twitter.com/TQjhat4ayD
— Polymarket (@Polymarket) July 26, 2024
Harris’s team hints at the pro-crypto stance
Since Biden withdrew from the presidential race, talks of Kamala Harris being pro-crypto have been gaining momentum within the crypto community. While some believe she is no different from Biden as she was part of the administration, there is growing openness to hearing her stance on the industry.
Talks about Harris being pro-crypto first emerged when David Bailey, Bitcoin Magazine CEO, confirmed that her team was considering speaking at the Bitcoin Conference 2024. Although she did not take the chance, many industry stakeholders view the move as a positive indication of her stance towards the industry.
Also Read: Kamala Harris refers to Bitcoin as ‘money for criminals’ behind closed doors
Since then, multiple reports have shown her open-mindedness about the industry. In an interview with Fortune, Mark Cuban mentioned that Harris’s advisors contacted him on crypto. Similarly, former White House Director of Communications Anthony Scaramucci said Harris would support the industry and sideline anti-crypto warriors such as Senator Elizabeth Warren and SEC Chair Gary Gensler.

Are Bitcoin whales back?

$FTT /USDT is currently priced at $1.3726, reflecting a gain of 14.63%. The 24-hour trading range has seen a low of $1.1945 and a high of $1.4484, with significant trading volumes of 11.88 million FTT and 15.73 million USDT. Key Moving Averages (MAs) indicate MA(7) at $1.3942, MA(25) at $1.3260, and MA(99) at $1.2970. The volume analysis reveals a 24-hour volume of 65,259.23 FTT, with MA(5) at 114,593.15 and MA(10) at 180,238.38. This technical analysis highlights FTT's robust short-term bullish momentum amidst significant trading activity, underscored by its recent gains and critical support levels. Traders should consider these factors while also being mindful of potential volatility and longer-term trends to make informed decisions. i think

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