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🌙 Crypto Surge, Biden Odds, Harris Memecoin

🌙 Crypto Surge, Biden Odds, Harris Memecoin

Crypto VC funding surges to $3.2B, Biden's withdrawal odds rise to 80%, and a Kamala Harris memecoin gains traction amid election speculation.

Mike Gavela
July 03, 2024

Crypto Roundup - July 2

President Biden’s chances of withdrawing from the 2024 election have increased dramatically, reaching nearly 80% on Polymarket following a report by The New York Times. This uncertainty has triggered market reactions, including a significant rise in a new memecoin, "Kama," tied to speculation about Vice President Kamala Harris’s potential candidacy. Meanwhile, crypto venture capital funding surged to $3.2 billion in the second quarter, reflecting continued strong interest in the sector despite broader economic concerns.

Top Stories:

Biden’s chances of dropping out of the 2024 election surged to almost 80% on Polymarket.
New Kamala Harris memecoin "Kama" sees significant rise due to presidential race speculation.
Crypto VC funding surged to $3.2 billion in the second quarter, showing strong sector interest.

TOP STORIES

Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report

It had been only 55% earlier in the day.

www.coindesk.com/markets/2024/07/03/bidens-odds-of-dropping-out-surge-to-almost-80-on-polymarket-after-new-york-times-report

New Kamala Harris Memecoin KAMA Soars on U.S. Presidential Race Speculation - The Defiant

Crypto enthusiasts are reacting to rising speculation that U.S. President Joe Biden will drop out of the presidential race by launching a token dubbed KAMA, in reference to his potential replacement as the candidate for the Democratic party, and current Vice President, Kamala Harris.

thedefiant.io/news/markets/new-kamala-harris-memecoin-kama-soars-on-u-s-presidential-race-speculation

Crypto VC funding surges to $3.2bn — here’s where investors are piling in

"Crypto venture capital sentiment continues to improve," wrote researchers for Galaxy Digital.

www.dlnews.com/articles/markets/crypto-vc-funding-surges-to-32bn-usd-in-2nd-quarter

FUNDRAISES

EXCLUSIVE: Bitcoin scaling protocol QED raises $6 million seed round at '9-figure' valuation
— The Block (@TheBlock__)
3:00 PM • Jul 3, 2024

The future of AI-Fi is here.
Compute Labs is excited to announce a $3M Pre-Seed funding round led by @protocollabs, with support from @MH_Ventures, @HashKey_Capital, @ark_stream, @OKX_Ventures, @symbolicvc, @cmsholdings, @PolygonVentures, and more!
🧵
— Compute Labs (@Compute_Labs)
5:24 PM • Jul 3, 2024

OTHER HEADLINES

Judge sides with CFTC, deems OHM and Klima commodities in case involving crypto 'Ponzi'-like scheme

A judge sided with the CFTC and ordered an Oregon man and his company to pay over $120 million in what the agency called a "Ponzi"-like scheme.

www.theblock.co/post/303435/judge-sides-with-cftc-deems-ohm-and-klima-commodities-in-case-involving-crypto-ponzi-like-scheme

A STARK breakthrough: Next-gen provers may be at least 100x faster

Stwo, which will be available in 2025, will eventually replace the current prover, Stone — for “STARK One.”

blockworks.co/news/starkware-polygon-labs-stwo-zk-prover

Why is Solana (SOL) price up today?

Solana price is up today, even as the wider crypto market shows weakness. Cointelegraph explains why.

cointelegraph.com/news/why-is-solana-price-up-this-week

CRYPTO TWITTER (X)

Most market participants are not appreciating the significance of a potential loss of a 4-month range on Bitcoin
The closest parallel we can draw is to that of the range of May 2021 where we also came off a parabolic rally of BTC and alts
$50B+ of crypto leverage here is… x.com/i/web/status/1…
— Andrew Kang (@Rewkang)
4:55 PM • Jul 3, 2024

Woah
— Will (@WClementeIII)
7:30 PM • Jul 3, 2024

This is why we haven't mooned yet.
Saylor, Michael Dell, ETFs. It's all noise.
When you look at the data of the 4 most important players in Bitcoin, we have net flows equivalent to $24B being dumped on the market in 2024.
— Charles Edwards (@caprioleio)
1:00 AM • Jul 4, 2024

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