Bitcoin News Today TheBitTimes.com

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 promis...

The XRP price surged over 18% after Ripple declared ”victory” over a lawsuit brought against it by the Securities and Exchange Commission (SEC), despite being fined $125 million. “This is a victory for Ripple, the industry and the rule of law,” said Ripple CEO Brad Garlinghouse i n a post on X. “The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. The SEC’s headwinds against the whole of the XRP community are gone.” A New York federal judge ordered Ripple Labs to pay a $125 million civil penalty on August 7. The judge added that the fintech company is “permanently restrained and enjoined” from violating US securities laws as part of the case brought by the SEC three years ago. The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing ou...