Polymarket Bettors See 84% Chance of Trump Launching Token | Weekly News Recap

GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s news feature: Trump token!!?

Here are the latest crypto news stories in the last 24 hours.

Market Updates 📈

Here are the crypto highlights of the week:

Bitcoin is up 6.3% vs the previous seven days, now at $58,553.25.
The weekly top gainer in the top 100 coins is Nervos ($0.0163), up 103.6%
The weekly top loser in the top 100 is Helium ($7.29), down 11.7%
Noteworthy: Ton ($5.50) is up 11.5% vs the past week.

Feature Story: 84% Chance of Trump Launching His Own Token

Polymarket bettors now see an 84% chance that Donald Trump will launch his own cryptocurrency token before the November 2024 election, following his announcement of the World Liberty Financial project, Coindesk reported.

What’s the significance: The betting surge just reflects how the market views Trump’s involvement in crypto, which is really “Trump = Good For Crypto”.

By the numbers:

Odds for Trump launching a token jumped from 16% a month ago to 84% today.
The Polymarket betting pool has reached over $1.7 million.

However: The market will only resolve to “Yes” if Trump himself issues a verifiable token before November 4. Plans or announcements alone won’t count.

What’s next: Watch for Monday’s scheduled launch of World Liberty Financial to see if Trump takes a direct role in releasing a new token.

Local Crypto News 🇵🇭

Photo for the Article - Polymarket Bettors See 84% Chance of Trump Launching Token | Weekly News Recap

YGG Play Summit early bird tickets are now out.
Bitget launched a PH Exclusive campaign– Leaderboard Engagement Challenge.
The Philippines Science High School (PSHS) launched Pisay-DigiCert, a blockchain-powered platform for managing and sharing student records.
Coins.ph listed $NEOIRO and $SUNDOG.

Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

Bitcoin‘s cumulative trading volume surged to $2.87 trillion from January to August 2024.
During the Trump-Harris debate, neither candidate mentioned Bitcoin or crypto, despite $14 million in debate-related bets on Polymarket.
The U.S. SEC’s fines against the crypto industry have reached $7.4 billion since 2013, largely due to the $4.47 billion fine against Terraform Labs.
Ethereum co-founder Vitalik Buterin announced that starting next year, he will only discuss Layer 2 roll ups that achieve “stage 1+” decentralization.

Educational Corner 🎓

Play and earn: Telegram game GOAT Gaming
BCSP Update:Yey in-app points system.
Local Ventures: Celo in PH

Regulation Watch 📜

Stay informed about the latest regulatory updates from here and around the world and what they mean for you:

The US SEC imposed $4.7 billion in crypto-related enforcement actions in 2024, marking a 3,000% increase from 2023.
The CFTC’s Office of Customer Outreach and Education partnered with various organizations to combat crypto “pig butchering” scams.
Singapore is investigating seven individuals for illegally offering Worldcoin services such as buying or selling accounts and tokens.
The UK introduced a bill recognizing digital assets like cryptocurrencies and NFTs as personal property, providing legal clarity and protection against fraud.

Community Spotlight 🔦

The following people were feature in last week’s community spotlights:

Christine Erispe, Core Member, ETH63. (Sept. 11)
Nathan Smale, Director, Emfarsis. (Sept. 12)
Atty. Rafael Padilla, co-founder, BlockDevs Asia. (Sept. 13)

At the Scene 📍

On the ground activations and more.

iThink Code Camp by DEVCON PH.
Web3ÂI

More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

FriendTech effectively shut down by transferring control of its smart contracts to a null address.
PayPal and Venmo integrated Ethereum Name Service (ENS), allowing U.S. users to transfer crypto using human-readable ENS names.
Aave launched a new v3 deployment focused on EtherFi’s Wrapped eETH (weETH), allowing users to borrow stablecoins like USDC, PYUSD, and FRAX against weETH.
Vega Protocol‘s community voted to shut down its Layer 1 blockchain due to a lack of traction.

Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

GAMEE is launching the WATCoin token for its casual game WatBird on The Open Network (TON) this September.
Hexagon Studios launched “TONs of Dungeons,” a minesweeper-style game on Telegram that rewards players with airdrops of the Chef Token on the TON blockchain.
Apeiron‘s Season 3 open beta introduces PvP and PvE leaderboards with a 1 million $APRS token prize pool, alongside mobile pre-registration and exclusive event rewards.
Star Atlas launched the Crew Cards utility in SAGE Labs, allowing players to increase crafting efficiency by adding specialized crew members to their fleets.