Week in Review: 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.

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. 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. Finally, a report highlighted a 95% increase in OTC crypto spot transaction volume in H1 2024, largely driven by institutional interest.

Trump’s Odds of Winning Presidential Election Increase in Prediction Markets Following Assassination Attempt

Former U.S. President Donald Trump, who is currently running for president again, was shot at a rally in Pennsylvania. Gunfire erupted as he was speaking, and Secret Service agents quickly rushed him off the stage. Trump was observed with blood on the side of his head and ear.

Following the incident, Trump’s chances of winning the November presidential election on prediction markets, such as PredictIt, rapidly increased. There was also a lot of support for him on social media, with people using the hashtag #TrumpStrong to express their solidarity.

After being shot at a Pennsylvania rally, former President Donald Trump experienced a surge in prediction market odds for winning the presidential election. Trump's chances of winning, according to PredictIt, increased from 20 to 30 cents on the dollar after the assassination attempt.

After the U.S. Securities and Exchange Commission (SEC) stated during a court hearing that it would not contest the court's earlier determination that XRP is not a security, Ripple's CEO and CLO have expressed their thoughts on the crypto firm's landmark victory against the SEC over XRP.

In the run-up to the one-year anniversary of the court ruling, Ripple's chief executive and chief legal officer have reflected on the crypto firm's landmark victory against the U.S. Securities and Exchange Commission (SEC) regarding XRP.

Ripple’s CEO and Legal Chief Celebrate Landmark Victory Against SEC Over XRP

In a recent interview, Ripple’s CEO highlighted the court ruling that XRP is not a security, and “that will not change.” Ripple's CLO added that “even the SEC told the court it will not challenge that conclusion.”

A Russian Senate leader has discussed the potential use of central bank digital currencies (CBDCs) in a BRICS payment system.

A 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 in increasing the use of national currencies in BRICS trade.

According to Matvienko, a BRICS bridge, a joint payment system, would use the digital currencies of all the bloc states if it were to be built. She added that this would increase the use of national currencies.

CME Group, a leading global markets company, has announced the launch of XRP and ICP reference rates and real-time indices.

CME Group Adds XRP to Crypto Benchmarks

“The first step towards institutional crypto products is having a trusted benchmark reference rate,” said Ripple CEO Brad Garlinghouse.

The reference rates are licensed from Benchmarker and will be disseminated via CME’s Real-Time Data service, while the real-time indices will be calculated and disseminated by CME.

An over-the-counter (OTC) institutional crypto 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 in the crypto market.

OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest

According to the report, the OTC institutional crypto market experienced a surge in H1 2024, with total spot transaction volume reaching new highs. This institutional interest in crypto was largely driven by the growing demand for digital assets from hedge funds, family offices, and other large-scale investors, who prefer to trade crypto in bulk through OTC desks.

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