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USDATA Corp.

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Donald Trump is accepting crypto donations for his re-election campaign, marking a significant shift from his previous stance on digital assets. While this move has been positively received by the crypto community, it poses several risks, including security vulnerabilities, legal issues, and potential harassment for donors. The article discusses the need for improved crypto infrastructure and compliance measures to mitigate these risks.

Portfolio Pulse from Benzinga Contributor

August 07, 2024 | 6:49 pm

Sportsbooks and prediction markets show President Joe Biden with low odds of winning the 2024 presidential election, with Donald Trump as the heavy favorite. BetMGM, a joint venture of MGM Resorts Worldwide, provides odds indicating a significant lead for Trump.

Portfolio Pulse from Chris Katje

July 19, 2024 | 8:46 pm

The first 2024 presidential debate has led to increased calls for President Joe Biden to step down, causing volatility in betting and prediction markets. Biden's poor performance and concerns over his age have resulted in a significant shift in betting odds, with Donald Trump emerging as a stronger favorite. Prediction markets like Polymarket have also seen a surge in activity, with Trump's odds increasing and Biden's decreasing.

Portfolio Pulse from Chris Katje

July 05, 2024 | 2:59 pm

The 2024 presidential election betting odds are heating up, with Donald Trump and Joe Biden as frontrunners. Betting platforms like DraftKings Inc offer political betting in Canada, while Polymarket sees significant activity with over $115 million wagered. Betting odds show a close race between Trump and Biden, with Biden gaining ground amid Trump's criminal trial concerns.

Portfolio Pulse from Chris Katje

April 24, 2024 | 9:01 pm

BlackRock's tokenized fund, BUIDL, integrates with Circle to offer a USDC cash-out option, enhancing liquidity for investors. This collaboration marks a significant advancement in the tokenized asset ecosystem, allowing seamless conversion of fund shares into USDC stablecoin. BlackRock continues to lead in cryptocurrency investment, with its iShares Bitcoin Trust (IBIT) holding over 266,580 BTC. The upcoming Future of Digital Assets conference will further explore these developments.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 4:17 pm

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm

Ripple announced the launch of a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to compete with Tether and Circle in the $150 billion stablecoin market. The stablecoin is backed by U.S. dollar deposits, short-term U.S. government treasuries, and cash equivalents, with plans for third-party audits and monthly attestations for transparency. This move is seen as a strategic step for Ripple and is expected to enhance liquidity and opportunities for the XRP Ledger community.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 2:54 pm

Dogecoin (DOGE) experienced a significant 40.1% increase over the week, surpassing other major cryptocurrencies and reaching a two-year high. This surge is attributed to increased interest following news of social media platform X, owned by Elon Musk, gaining additional state licenses for payments, and Coinbase Global's (NASDAQ:COIN) announcement of introducing futures trading for Dogecoin. Dogecoin now ranks as the eighth most valuable cryptocurrency, with a market capitalization of $30.2 billion, and eyes moving up further.

Portfolio Pulse from Chris Katje

March 29, 2024 | 5:31 pm

Federal Reserve Chair Jerome Powell stated the Fed is not in a rush to cut interest rates despite the latest PCE report showing inflation rose in February. The report aligns with the Fed's expectations, and Powell emphasized rate cuts would occur when inflation is on track to hit the 2% goal. The crypto prediction market Polymarket has seen increased bets on a rate cut by June, influenced by recent inflation data.

Portfolio Pulse from Chris Katje

March 29, 2024 | 4:55 pm

Investors and analysts are anticipating the Federal Reserve's potential rate cuts in 2024, with the FOMC meetings being closely watched. The Fed hinted at three rate cuts for 2024, adjusting from an initial four due to higher inflation. Goldman Sachs economist Alec Phillips predicts these cuts in June, September, and December. The crypto prediction market Polymarket has over $3.1 million wagered on the timing of these cuts, with a majority betting on a cut by June 12.

Portfolio Pulse from Chris Katje

March 19, 2024 | 4:54 pm

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