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#Blockchain investors, skeptical of President Biden's performances in the first debates of the 2024 election cycle, have increased former President Trump's chances of winning the November elections to 67%.
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In the world of cryptocurrencies, #Bitcoin is rising amidst ongoing debates, climbing more than 1% and surpassing the $62,000 mark. During peak times, it's difficult to discern the reasons behind Bitcoin's fluctuations, but Trump is generally considered more friendly towards digital assets and is already courting the industry, sensing an opportunity to sway some voters in the tight race. #Cryptocurrency magnates and their allies have amassed a war chest of $160 million to support candidates deemed friendly, making the sector one of the most influential players in federal campaign finance.
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Morning news from CrypticNews Hub 1. The first televised debate between Biden and Trump officially began. 2. Yesterday, GBTC saw a net outflow of $11.4 million, while BITB had a net inflow of $8 million. 3. FBTC saw a net inflow of $6.7 million yesterday. 4. Biden's pre-election team hired a member of Coinbase's advisory board as a senior advisor for the elections. 5. Bolivia lifted the ban on Bitcoin and other cryptocurrencies. 6. A hybrid #Bitcoin and gold #ETF jointly developed by Tidal and Quantify Chaos Advisors may launch on September 9th this year. 7. T-Rex filed for the first 2x leveraged MSTR ETF on MicroStrategy shares. 8. 21Shares filed a new 8-A12B document for a spot #Ethereum ETF. 9. Cross-chain decentralized oracle AnchorZero completed a $8 million seed funding round. 10. Galaxy Digital expects $7.5 billion to flow into the spot Ethereum ETF in the first five months.
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Here is the daily return of the 3x leveraged $MSTR ETF in Europe. It regularly sees daily swings of over 30% (up or down), with one instance surpassing 70%.
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Here's the rolling volatility of the 3x leveraged $MSTR ETF (based in Europe and currently the most volatile ETF globally) compared to $TQQQ. Compared to it, the 3x Nasdaq 100 looks like a money market fund.
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