This is Markets Daily hosted by me, Jen Sanassi.

On this show, we navigate the currents shaping the crypto markets, providing insights against the broader financial landscape.

So whether you're actively trading or simply fascinated by the volatility of the crypto markets,

this show is your compass to understanding what's happened,

where we are, and where we're going.

This morning, the headlines are riddled with questions.

President Joe Biden announced that he's not going to be running for re-election.

So the question is here, who is going to take his place?

At 146 p.m. Eastern time on a beautiful Sunday afternoon,

Biden took to his ex-account to say that he's endorsing Vice President Kamala Harris,

sending the Kamala Harris-inspired meme coin, comma, soaring. Leave it to the crypto crowd to bet

on the very serious outcome of the presidential race in the U.S. via a very silly meme coin.

I absolutely love it. Now, while Commissored Bowden, the Joe Biden-inspired meme coin,

lost almost 60% in the minutes after the announcement. I was refreshing my screen,

and that chart was looking dismal. The price just kept going down. Now, meme coins have made it easy

for the crypto crowd to poke fun at politicians while also placing their bets on the upcoming

election. And it seems like the crypto crowd is increasingly placing their bets on Republican nominee

Donald Trump. In the wake of the news yesterday, I took to my ex account and asked folks who

they think is going to win the election in November. As up this morning, 75% said Trump, 15% said

Harris, and 9% have their hopes set on another Democrat nominee to win the elections in

2024. Now, the crypto community is a small but mighty one.

We need to remember that.

...