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An anonymous trader made $11 million of “pure profit” betting on Donald Trump’s victory on Polymarket , the leading prediction market. On November 6, the Republican candidate consolidated its long-awaited victory against Kamala Harris for the Democrats, settling the bet. With the “Presidential Election Winner 2024” bet closed, traders who were still holding “Yes” shares for Donald Trump or “No” shares for the other candidates were finally able to collect their prize within the difference between $1 and the average price paid per share, below that mark. In particular, Polymarket ’s official account shared the results of an anonymous user who made over $11 million of “pure profit.” The trader purchased $18.02 million of shares at an average of $0.61, receiving $19.43 million in return. Picks for you 'Trump will break' Bitcoin promise

The ongoing US elections are playing a pivotal role in determining the future pace of the cryptocurrency market. The topic of cryptos and finance has played a vital role in the current US political domain, given the fact that both candidates have vowed to deliver a stable anatomical structure to the emerging Web3 domain. As Bitcoin soars to new highs at press time, coins like Shiba Inu have already started to leverage its positive sentiment, spiking high in the process. Also Read: Can US Election Results Propel Bitcoin (BTC) Towards $80K? AI Predicts How High Shiba Inu May Spike Once US Elections Results Are Out Image Source: Watcher Guru Shiba Inu is currently at a new price mark of $0.000018, surging 9% in the process. The uncertainty over the US elections, with the possibility of Trump winning the ultimate White House race, has bolstered the prospects of BTC. Bitcoin currently sits at $74K, noting an incredible high of 8% in the process. Shiba Inu also followed suit, spiking 9% to a

A memecoin built on the Solana (SOL) blockchain has earned support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s adding futures contracts for the monkey-themed PONKE (PONKE) on Monday. Says Binance, “To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with up to 75x leverage.” PONKE is also listed on several crypto exchanges, including Bybit, Kraken, KuCoin, Crypto.com and Revolut. Last month, the project announced the launch of a decentralized exchange (DEX) called PonkeSwap. “Building on PONKE’s memecoin culture, PonkeSwap offers low-fee token swaps, staking rewards, and Club Ponke where holders can engage with other holders and the team directly. It’s a platform where you can swap, earn, and flex your PONKE tokens. PONKE started as a meme but evolv

Sui has in recent weeks demonstrated strong on-chain metrics, supported by a steady increase in trading volume. The ongoing U.S. presidential election is stirring market uncertainties, which are impacting assets across the board. As a result, the cryptocurrency has experienced some notable movements. SUI Key Statistics Current Price: $1.88 Market Cap: $5.35 billion Trading Volume (24h): $630.70 million Circulating Supply: 2.85 billion SUI Total Supply: 10 billion SUI CoinMarketCap Ranking: #19 Sui hit its peak price of $2.36 on October 14, 2024, marking an all-time high. Since then, around 21 days have passed, with Sui reaching a minimum level of $1.61. The price has since risen by 16.70% from this low. SUI/USD Market Key Levels Resistance: $1.95, $2.19, and $2.36 Support: $1.73, $1.62, and $1.55 SUIUSD – Daily Chart The SUIUSD daily chart displays mixed market sentiment, with Bollinger Bands showing a narrowing pattern. This suggests that volatility is cur

1. Hong Kong’s Weekly News 1.1 Hong Kong Considers Tax Incentives for Crypto Investments link Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, announced at Hong Kong Fintech Week that virtual assets are being included in a new proposed tax incentive policy. This initiative aims to provide tax benefits for a range of asset types, including virtual assets, real estate, emissions derivatives, insurance-linked securities, interests in non-corporate private entities, and private credit investments. Hui noted that the tax incentives will primarily target institutional investors, although he did not elaborate on the specific details or requirements of the policy. 1.2 HKEX to Launch Virtual Asset Index Series link On November 15, the Hong Kong Stock Exchange (HKEX) will launch the HKEX Virtual Asset Index Series, providing a reliable benchmark price for the virtual asset category. This index series will offer transparent and dependable benchmark pricing for Bitco

With the artificial intelligence company announcing its newly developed platform, should Alphabet (GOOGL) and Microsoft (MSFT) be worried about the OpenAI-developed search engine? Google is undoubtedly the top search engine in the world, but could it be threatened by the emergence of an AI-focused alternative? For the last several years, companies have sought to infuse artificial intelligence into a host of online products. This has been the case for both companies, as the emerging technology has become a key part of Bing and Google. Now, there is a chance they will have to contend with a new GPT-reliant offering that could capture notable attention. Source: Yahoo Finance Also Read: Alphabet Revenue up 15% as AI, Cloud Growth Has GOOGL Surging Alphabet & Microsoft Investors Show Concern Over OpenAI Competition For the last two years, AI has experienced a massive boom in terms of its interest and demand. That was primarily due to the arrival of OpenAI’s ChatGPT. The generative chatb

Shiba Inu is trading at the $0.000018 mark this week and mostly trading sideways in the indices. SHIB has not experienced a massive price burst since March, when it skyrocketed 280% in a month. Investors almost tripled their money in Q1 this year but lost it all as the months progressed. It is now under the bearish grips with little to no price bursts in the last seven months. Also Read: Shiba Inu: By When Can You Turn $1000 Of SHIB To $500,000? However, a data analytics firm has predicted that Shiba Inu could delete two zeroes and trade at $0.002. That’s an impressive spike of 12,000% from its current price of $0.000018. Therefore, if the forecast turns out to be accurate, an investment of $1,000 could turn into $121,000. This article will highlight when SHIB could reach the $0.002 price mark in the indices. Also Read: Shiba Inu Potential Profits By Country If SHIB Hits $0.0008 Shiba Inu: When Will SHIB Reach $0.002? Source – Token Metrics Leading on-chain metrics and price prediction