On Monday, Joe Biden’s odds of being re-elected were around 18%. The near miss may have galvanized more than Polymarket bets, as crypto markets also jumped after the shooting. In addition to Trump’s survival in Pennsylvania, the former president has also announced a pro-crypto running mate in JD Vance.
An Ohio senator, Vance was lauded for his bill, which sought to reshape U.S. crypto regulations. On the macro end, Federal Reserve chair Jerome Powell suggested that the central bank might be closer to rate cuts than ever before. Powell said the Fed shouldn’t wait for inflation to match the 2% target before adopting dovish monetary policies.
