**Cryptocurrency, DeFi and Web 3 News**
**Betting market on Polymarket:**
- Despite the growing popularity of Kamala Harris, large investors continue to bet on Donald Trump's victory.
- Investors invested $423 million in the outcome of the presidential election.
**Bitcoin Ban in China:**
- There is only a 13% chance that China will lift the ban on Bitcoin before the end of 2024.
- The main reason is to control the stability of the yuan and prevent capital flight.
**Coinbase Trading Volume:**
- Coinbase trading volume in the second quarter is expected to decline to $164.8 billion from $312 billion in the previous quarter.
- Coinbase shares are up 4% over the past month, but are down 6% in the last trading week.