A failed assassination attempt on Donald Trump has sent shockwaves through crypto markets. The incident occurred during a rally in Butler, Pennsylvania on July 13, and now memecoins are the first to react to this. Trump-themed memecoins saw significant price surges. MAGA (TRUMP) token jumped 52% in under an hour. Its market cap shot up from $293 million to $469 million. Someone is already cracking jokes on why don't we shoot them more often, though, of course, that sounds pretty rough. Other Trump-related tokens also rallied. Tremp (TREMP) spiked 63%. MAGA Hat (MAGA) briefly rose 21%. Prediction markets reacted swiftly. Trump's odds of winning the 2024 election increased from 60% to 68% on Polymarket. Biden's chances dropped from 30% to 15%. Right-wing warriors rejoice and call to arms, democrats are mostly silent, as if they already know the loss is inevitable. Trump now leads with a 70% chance of victory. Biden trails at 15%, with Kamala Harris at 9%. As for the crypto market, Trump is seen as a rather positive force, at least now. He previously called Bitcoin a "scam". Now he's promising to end the "war on crypto" if elected. He even went as far as to promise new bright future for Bitcoin mining, and claimed every last Bitcoin must be mined in the U.S. to be 'made in the USA'. Recent surveys show crypto's growing political influence. One in three US voters consider candidates' crypto positions. Another poll found 48% of crypto owners backing Trump, versus 39% for Biden.

The first presidential debate between Joe Biden and Donald Trump excluded any mention of cryptocurrency. This occurred despite substantial lobbying efforts from the crypto industry. And it kinda hurts. The 90-minute CNN-hosted debate took place on June 27 and focused on economic plans, abortion rights, immigration, and foreign policy, of course, Ukraine was often in the focus of discussion. The candidates' mental capabilities were also briefly discussed. And that part of the show was priceless, to say the least, but let's get back to crypto. Crypto lobbyists have raised significant funds for this election cycle. Three crypto-backed super PACs have amassed $202.8 million. They've spent $93.6 million to influence the 2024 elections. Fairshake PAC leads the pack. It has raised $177.8 million and spent $70.8 million. Most of this went to attack ads for congressional candidates. Two other super PACs, Protect Progress and Defend American Jobs, have spent $22.8 million. They raised $25 million combined. These super PACs can accept unlimited donations. However, they cannot coordinate directly with campaigns. Together, they've raised the third-highest amount of any PAC. Trump has promised to end Biden's "war on crypto" if elected. He recently met with Bitcoin miners, expressing support for American-made cryptocurrency. Some industry figures see Biden softening his stance on crypto. However, others criticize the SEC's enforcement actions under his administration. Gallup polls from May suggest crypto isn't a top priority for American voters. The economy, inflation, governance, and immigration rank higher. Current polls show Trump leading Biden by a narrow margin. Kennedy is polling at 9.1%, according to FiveThirtyEight.

An unknown whale makes a whopping $3.7 million profit on TRUMP token. He somehow knew when to sell right before the price went down. According to data from Lookonchain, whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours. A total profit on their investment including previous sales was over $3.7 million. Not bad for a current market sell-off amid the scandals around Donald Trump meme coins. Analysts note that the unknown whale still has loads of TRUMP tokens in their wallet. At the time of writing his holdings were worth $372,000. But the mysterious investor has interests far beyond ex-presidents meme coins. He also holds the BasedAI (BASEDAI) token, worth $921,000. The TRUMP token fell over 30% in the last 24 hours to trade at $7.88. One of the reasons Trump-related tokens started falling was the rumor that Trump has launched an official mem coin by himself. According to these rumors the token is run on Solana blockchain. Trump’s 18-year-old son, Barron, was managing the token under the name TrumpCoin (DJT). Be it as it may, there is no credible evidence DJT was actually launched by any of the Trumps. There is no official confirmation from ex-president's team. Well established blockchain data firm Bubblemaps is pretty confident on the information that DJT isn’t linked to Trump directly. As presidential election day is approaching, both candidate fuel more crypto debates on crypto. While Biden stays pretty aggressive towards cryptocurrencies, Trump now claims himself a 'Bitcoin president' and promises bright future for bitcoin miners. Launching an official meme coin might be in line with this statements.

Former United States President Donald Trump has promised to end President Joe Biden’s “war on crypto”. Of course, that is a one more promise Trump makes for the scenario when he is elected. “I will end Joe Biden’s war on crypto, and we will ensure that the future of crypto and the future of Bitcoin will be made in America. We’re going to keep it right here, and a lot of it is going to be done right here in Florida,” Trump said during a public event in West Palm Beach, Florida. Trump had criticized Biden's harsh stance on crypto many times before. But this time his criticism went as far as to claim that Biden is a 'crooked president, the worst president in the history of our country.' Trump also supported his previous statement that the rest of Bitcoin should be made in America. He added that the U.S. must not settle for anything but top place in the crypto industry. This goes directly against Biden's actions. The acting president has fueled public anger against Bitcoin mining, having publicly said about the high energy consumption and environmental impact. Biden has also proposed a 30% electricity tax for miners. That gives Trump grounds to claim that 'Biden wants crypto to die a slow and painful death. That will never happen with me.' The election day is scheduled for 5 November. And this time crypto industry might watching the closely.

Donald Trump, a Presidential candidate and a felon, met some crypto miners and made some unbelievable statements. Bitcoin to be Made in USA, he said. As Yellow.com already highlighted, Trump wants to be America's first Bitcoin President. He started with accepting crypto donations for his campaign. Now he is going even further than that. According to Cointelegraph, Trump showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs. Trump claims that “all the remaining Bitcoin to be MADE IN THE USA!!!” as it would help the country be “energy dominant.” The ex-president also mentioned the dangers of CBDC (central bank digital currency). Trump thinks Bitcoin is the country’s “last line of defense” against CBDC. This bold statement comes despite the fact that Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.” Trump might be referring to some of his supporters. They often claim that Joe Biden's hatred towards cryptocurrencies helps China, Russia and radical communists. For instance, Biden has proposed a 30% electricity tax on Bitcoin miners in the country. Miners aren't happy, to say the least.