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TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.

Meanwhile, there's a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.

Other election contracts show a 35% chance of a Republican sweep of the presidency and both houses of Congress and a 27% chance Democrats control the Senate after the election.

The likely GOP flag-bearer in the upcoming U.S. presidential election signaled his friendliness to crypto at a campaign fundraiser two weeks ago.

Former president reportedly bought burgers using bitcoin at the crypto-themed bar.

Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.

Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.

Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.

World Liberty Financial, the decentralized finance (DeFi) project backed by the family of U.S. presidential elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month.