Trump’s Odds of Winning Soar, OTC Volume Surges 95% in H1, and More — Week in Review
Crypto
MARKET_WATCH
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Former U.S. President Donald Trump experienced a surge in prediction market odds for winning the presidential election after an assassination attempt at a Pennsylvania rally. Ripple’s CEO and legal chief celebrated their firm’s landmark legal victory against the SEC, affirming that XRP is not a security. Valentina Matvienko, a Russian Senate leader, discussed the potential use of CBDCs in a BRICS payment system. CME Group announced the inclusion of XRP in its crypto benchmarks. The OTC crypto spot transaction volume surged by 95% in H1 2024, driven by institutional interest, according to a report by Finery Markets.
Trump’s Odds of Winning Presidential Election Soar in Prediction Markets After Assassination Attempt
Former U.S. President and current presidential candidate Donald Trump was shot at a rally in Pennsylvania. Gunfire erupted while he was speaking, prompting Secret Service agents to rush him off the stage. Trump was seen with blood on the side of his head and ear. His chance of winning the November presidential election immediately surged on prediction markets following the incident, with widespread support expressed on social media.
OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest
The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement.
Ripple CEO and Legal Chief Reflect on Landmark Victory Against SEC Over XRP
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and the cryptocurrency industry. “The court’s ruling that XRP is not a security will not change,” Ripple’s legal chief emphasized, noting that “even the SEC told the court it will not challenge that conclusion.”
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states.
CME Group Adds XRP to Crypto Benchmarks
CME Group, a leading global markets company, has announced the launch of XRP and ICP reference rates and real-time indices. Ripple CEO Brad Garlinghouse explained that the first step towards institutional crypto products is having a trusted benchmark reference rate.
Source : Bitcoin News - Jul 21, 2024