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BREAKING: FED Cuts Interest rates by 50 Basis Points for the first time in 4 years 🔥
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TRUMP’S ODDS DROP ON POLYMARKET AND KALSHI Donald Trump’s odds of winning the 2024 presidential election fell by over 10% on Polymarket and Kalshi as the election nears, with Trump’s odds dipping to 59.1% on Polymarket and 55% on Kalshi. Prediction markets still place Trump slightly ahead of his opponent, Kamala Harris, but recent polling among key demographics, including Puerto Rican voters, has shown Harris gaining traction. In an interview, a French “whale” named Théo, who has made substantial bets on Trump’s victory, denied any political motivations, stating he’s betting purely based on his market analysis. His wagers, amounting to $30 million, could yield up to $80 million if Trump wins. Trump’s odds have fluctuated amid reports of early voting trends and new poll data, keeping election watchers and markets on edge. #cryptosolutions
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MACRO CONDITIONS FAVOR BITCOIN GROWTH AS RATE CUTS BOOST INTEREST: WONDERFI CEO WonderFi CEO Dean Skurka forecasts a strong Bitcoin outlook, citing U.S. and Canadian rate cuts as key drivers. Skurka noted that rate reductions encourage investment in digital assets and said that the 2024 Presidential election could create more favorable regulatory policies for crypto. Bitcoin ETF inflows further suggest robust interest in Bitcoin, creating a setup Skurka calls “very positive.” The long-term effect of these combined factors is anticipated to create strong momentum for Bitcoin’s price appreciation. #cryptosolutions
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Cardi B’s “WAP” Memecoin Purrs…But Crypto Sleuths Smell a Scam! Her latest crypto venture might not be the cat's meow after all! Crypto sleuth Wazz uncovered that the wallet she promoted is linked to rugpulls. BubbleMaps reported that 60% of WAP tokens were bundled at launch, with $500K dumped in just 10 hours! Is WAP about to lose its 9 lives? #cryptosolutions
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NFT SALES INCREASE 18% IN OCTOBER, SOLANA SALES REACH NEARLY $6 BILLION In October 2024, NFT sales volume surged by 18%, reaching $356 million, ending a seven-month downward trend. Solana-based NFTs played a significant role, contributing $67 million, which brings Solana’s total NFT sales to nearly $6 billion. Data from CryptoSlam shows a rise in transaction numbers, totaling 7.2 million in October, a 42% jump from September’s 5 million transactions. Collections like Mythos Chain’s DMarket and Immutable’s Guild of Guardians Heroes led October sales. October’s volume spike included Bitcoin and Ethereum-based collections like Bored Ape Yacht Club and CryptoPunks, illustrating a broad-based recovery. #cryptosolutions
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ETHEREUM RESEARCHERS RESIGN FROM EIGENLAYER AMID CONFLICT OF INTEREST CONCERNS Ethereum Foundation researchers Justin Drake and Dankrad Feist resigned from advisory roles at EigenLayer following community concerns over potential conflicts of interest. Both had accepted EIGEN tokens for advising EigenLayer, a platform allowing crypto projects to “borrow” Ethereum’s security through restaking. The resignations come after months of division within the Ethereum community over the ethics of researchers receiving tokens from projects in Ethereum’s ecosystem. Feist stated that while the role was “negotiated in good faith,” he recognized concerns within the community. Drake committed to a new policy barring himself from future advisorships or investments. This episode underscores evolving norms around conflicts of interest in blockchain governance. #cryptosolutions
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