Market odds and memecoins surged as the latest donation round tied to the Democratic campaign raised $81 million in 24 hours.
Odds of Harris being announced as the Democratic nominee rose to 90% on Polymarket, driven by Biden's endorsement and his decision not to contest the elections.
Traders have placed $28.6 million in bets favoring Harris, with her closest competition being Michelle Obama in the Polymarket data.
Expectations are high for Harris or the Democratic party to address the cryptocurrency industry soon, potentially influencing market movements.
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