How will the price of Bitcoin react to the upcoming election and $11 million in stolen ether heads to tornado cash?

This is Coin Desk Daily. I'm your host, Jen Sanassi.

Could Bitcoin soar if Trump is elected president?

According to a Bernstein research report, Bitcoin is expected to reach new highs later this year and the cryptocurrency could hit $90,000 by Q4 if former President Donald Trump returns to the Oval Office.

On the other hand, the report said that if Kamala Harris wins, the Bitcoin price is expected to break its current

floor around the $50,000 level and could test the $30,000 to $40,000 range.

The broker noted that Trump has been very vocal about making America the Bitcoin and

crypto capital of the world and has mentioned digital assets at every policy speech he is made.

The North Korean entity behind India's biggest crypto hack has moved $11 million in stolen ether

to mixing service tornado cash. Wallet data tracked by Arkham shows that over 5,000 eth from

July's attack on the exchange was moved to a new address on Monday morning.

Then, $1.2 million in tokens from that address were sent to tornado cash over five different transfers.

In July, Wazer X was hit by a security breach in one of its multi-sig wallets,

causing over $100 million in Shiba, In Inu and $52 million in ether and other

assets to be drained from the exchange. And Binance subsidiary Toco Crypto in Indonesian

Crypto Exchange has obtained a full license as a physical crypto asset trader from the country's

commodity futures trading regulatory agency. Bin acquired token crypto in late 2022,

having previously been a majority shareholder of the company.

That's it for CoinDesk Daily.

Get more updates on CoinDesk.com, and we'll see you next time.