Harris has received support from many crypto people, including Mark Cuban, LinkedIn co-founder, etc.
Odaily News According to a recent report by FT, Kamala Harris will meet with digital asset giants Ripple, Coinbase and Circle, and multiple sources indicate that the Harris campaign is reconsidering the issue of cryptocurrency. At the same time, Silicon Valley is reconsidering its position on it. While many tech figures have abandoned the Democratic Party during Biden's presidential campaign, about 100 venture capitalists and founders have pledged to support Harris, including some cryptocurrency figures. Among the more than 100 venture capital investors, founders and technology leaders who signed their commitment to support Harris on Wednesday are the following crypto industry figures: 1. Ron Conway: Managing partner and founder of SV Angel. The fund is an investor in at least 10 crypto companies, including Coinbase, Uniswap and OpenSea; 2. Ryan Morrison: Partner of Founders Circle Capital, which has invested in Robinhood, a retail investment app that provides crypto services, and FalconX, a digital asset brokerage; 3. Rebecca Kaden: USV's first female managing partner. USV has 24 crypto companies in its portfolio, including Coinbase, Blackbird Labs, Dapper Labs and Polychain Capital. Kaden donated $4,000 to Democratic candidates and committees last year; 4. Mark Cuban: Investor in 20 blockchain companies, including Arbitrum, Polygon and DeepSea. Cuban is a staunch critic of Trump; 5. Reid Hoffman: Co-founder of LinkedIn and partner of Greylock, has invested in six crypto companies including Coinbase. On Wednesday, he called supporting Harris "an investment in the future of our democracy." (Fortune)
Odaily: U.S. President Trump stated that we will make a decision on Iran very soon, the Houthis' actions are very bad, and he has already spoken with the Saudi Crown Prince. (Jinshi)
Odaily News: CME Group CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission's (CFTC) attempt to expand its regulatory authority over prediction markets is "a bit of a stretch," and that the related regulatory dispute could ultimately reach the U.S. Supreme Court.Speaking at the DC Fintech Week event on Tuesday, Duffy said the battle over prediction market regulation could evolve into a legal showdown among state governments, tribal governments, and the federal government. "This is going to the Supreme Court, and I think the states and the tribes will prevail," he said. (The Block)
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
Odaily reports that according to MSX.COM data, US mega-cap cloud providers including Microsoft and Google rallied collectively. Google-A shares rose 1.07% to $356.510 per share, with a total market capitalization of $4.36 trillion.Microsoft shares rose 1.6% to $549.795 per share, hitting another record high, with a total market capitalization of $4.08 trillion. Amazon shares rose 0.93% to $261.950 per share, with a total market capitalization of $2.83 trillion.
According to MSX.COM data, Apple's stock price rose 1.74% in early trading to $346.892 per share, with a total market cap of $5.06 trillion, setting a new all-time high.
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