Planet Daily｜JP Morgan Chase: Trumps chances of winning exceed 60%; AC: There is evidence that Coinbase charges listing
Headlines
JPMorgan Chase estimates Trumps chances of winning the US election are 60% to 70%
JPMorgan Chase estimates that Trump has a 60% to 70% chance of winning the US election, and predicts that if the Republicans win a Red Sweep, the dollar will rise by 5%; if the US Congress is divided between the two parties, the dollar will rise by 1.5% to 2%.
Andre Cronje, co-founder of Sonic Labs, said in a post regarding the recent exchange listing fee controversy: “Binance did not charge us a listing fee, but Coinbase has repeatedly asked for a fee and has quoted $300 million, $50 million, $30 million, and the most recent offer is $60 million.”
In response, a Coinbase supporter replied that Andre may have contacted a fake Coinbase listing worker and doubted Sonic Labs background check work.
Andre responded again: “I did not sign a non-disclosure agreement, so I am very happy to provide relevant evidence (the price request came from multiple employees/departments of Coinbase over the years via email, Telegram and Slack). Now, for sure, Coinbase can argue that this is not a listing fee, but other fees, but this will still be converted into the listing cost of the project. I know Coinbase may make some legal cuts, but I am happy to publish all the evidence and let the public identify it.”
Fed watchers expect Powell to build consensus around small rate cut
Investors are expecting Federal Reserve Chairman Jerome Powell to cut interest rates by 25 basis points this week to keep the rate cut program on track despite some signs of stubborn inflation and mixed signals about the job market. This weeks FOMC meeting was a refreshingly simple decision, and the case for a rate cut remains valid, Michael Feroli, chief economist at JPMorgan Chase, said in a note. Fed watchers expect Powell to build consensus around a small rate cut after a big one in September.
Industry News
Chainalysis: Cryptocurrency adoption in Eastern Europe rises, driven by institutions and DeFi
Despite the war and regulatory issues, cryptocurrency adoption across Eastern Europe has been growing steadily, driven by institutional and DeFi activity, according to a Chainalysis report.
As the world’s fourth-largest cryptocurrency market, Eastern Europe has an “on-chain value of $499.14 billion between July 2023 and June 2024, accounting for 11% of the world’s total cryptocurrency share.”
Chainalysis further noted that CEXs were the region’s largest recipients of cryptocurrencies, “close to $324 billion, with DeFi activity growing significantly over the past year, with $165.46 billion worth of cryptocurrencies accounting for a third of the region’s inflows.”
The report also mentioned that in this year’s Global Crypto Adoption Index, regional players Ukraine and Russia “ranked 6th and 7th, respectively, with Russia moving up 6 spots from last year’s ranking.”
Nate Geraci, president of The ETF Store, said in a post on X: “In my opinion, Ethereum ETF staking would have happened anyway… It would have happened faster under the Trump administration, along with in-kind creation/redemption and options trading.”
Taiwan’s financial regulator, the Financial Supervisory Commission, will introduce new standards covering crypto asset listings and record keeping as part of its upcoming “Registration Regulations” due in January 2025.
The Hong Kong government aims to submit the stablecoin issuer system to the Legislative Council for review before the end of the year, and some large international stablecoin issuers have expressed interest in this. Jeremy Allaire, co-founder and CEO of Circle, the worlds second largest stablecoin USDC issuer, said that Hong Kong is an important market for USDC and is interested in hiring more employees and establishing business in Hong Kong. He is waiting for the introduction of Hong Kongs new stablecoin regulations and will consider applying for a license after understanding the regulations.
US election
Harris and Trumps support in key swing states is now on par
According to a poll conducted jointly by The Hill and Emerson College, US Vice President and Democratic presidential candidate Harris and former US President and Republican presidential candidate Trump have similar support in key swing states in the US election. Trump has an advantage in North Carolina, Pennsylvania, Arizona and Georgia, while Harris has an advantage in Michigan. The two have the same support in Nevada and Wisconsin.
MicroStrategy founder Michael Saylor: Vote for Bitcoin
One day before the US presidential election, MicroStrategy founder Michael Saylor posted on the X platform: Vote for Bitcoin.
JPMorgan Chase CEOs wife campaigns for Harris
Judy Dimon, a prominent political donor and wife of JPMorgan Chase (JPM.N) CEO Jamie Dimon, campaigned in Michigan over the weekend, urging voters to support Kamala Harris presidential campaign.
Jamie Dimon himself has refused to publicly endorse any candidate and has pledged to work with whoever is elected. Earlier this year, Trump posted a picture on his social media page claiming to have received Jamie Dimons endorsement, but JPMorgan Chase quickly denied it.
US media: The 2024 US election has cost $14.7 billion, which may be the most expensive in history
Americas political system runs on money – and lots of it. According to a Bloomberg report on November 1 local time, 11,000 political groups spent $14.7 billion on the 2024 US election campaign.
Analysis: Bitcoin will fluctuate at least 10% up or down depending on the results of the US election
Anonymous trader Daan Crypto Trades posted on X that the price of Bitcoin could fluctuate by at least 10% depending on which U.S. presidential candidate wins the election on November 5.
Project News
Grayscale: Plans to apply to upgrade Grayscale Digital Large Cap Fund to an exchange-traded product
According to official news, Grayscale announced that it intends to apply to upgrade the Grayscale Digital Large Cap Fund (GDLC) to an exchange-traded product (ETP). The Grayscale Digital Large Cap Fund is publicly traded and holds Bitcoin, Ether, SOL, XRP, and AVAX.
It is reported that the 19 b-4 form submitted by NYSE Arca proposes to list and trade Grayscale Digital Large Cap Fund shares as an exchange-traded product (ETP). The form has been published in the Federal Register, officially starting the review process, which may take up to 240 days.
As of November 1, 2024, GDLC manages assets of more than US$530 million, with the digital asset ratio being:
Bitcoin: 76.53%
Ethereum: 16.92%
Solana: 4.36%
XRP: 1.63%
AVAX: 0.56%
Uniswap’s in-app cross-chain bridge launched, transaction volume exceeds $13 million in 10 days
Uniswap Labs published a statement on X stating that its bridge transaction volume has exceeded US$13 million in the past 10 days.
Character*Voice
CZ responded to Sun Yuchen on X: “Thanks for the support, this is recognition from someone who runs two competing exchanges. We should work to reduce such ‘quote attacks’ in the industry. Bitcoin has never paid any listing fees. Focus on projects, not exchanges.”
Su Zhu: VC coins have no value accumulation, so they are also Meme
Su Zhu wrote in a post on X: “People are beginning to realize that cryptocurrencies will generate unlimited assets in the $50,000 to $500 million market cap range, but very few assets in the $500 million to $50 billion range.
The only overall coordination point is BTC, while meme coins display endless diversity and subcultures.
VC coins have no accumulated value, so they are also memes.
Jupiter founder: Never sold a JUP, big news is coming soon
Jupiter founder meow posted on the X platform that he had never sold a single JUP. The team could have easily quietly transferred a large number of tokens, but they never did so. Instead, they conducted a completely transparent audit.
meow also mentioned that he will devote himself to JUP for a long time and announced that major news will be announced soon.
This article is sourced from the internet: Planet Daily｜JP Morgan Chase: Trumps chances of winning exceed 60%; AC: There is evidence that Coinbase charges listing fees (November 5)
Qualified users and institutions in the UAE can participate in derivatives trading. UAE residents can deposit and withdraw UAE Dirhams (AED) from all UAE bank accounts and trade over 280 cryptocurrencies and 480 trading pairs on the OKX platform OKX Founder and CEO Star Xu, OKX Middle East General Manager Rifad Mahasneh, Manchester City Men’s First Team Head Coach Pep Guardiola, Skybridge Capital Founder and Managing Partner Anthony Scaramucci, Polygon Co-founder Sandeep Nailwal, Stacks Co-founder Muneeb Ali attended the event as speakers and panelists. On October 10, 2024, OKX, a global on-chain technology company, announced today that it has officially launched in the UAE and obtained an operating license. This means that OKX has become the first global cryptocurrency company to provide AED banking services to retail and institutional clients…
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