Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting; Alexey Pertsev Denied Bail

Poly market puts Donald Trump's chances at winning the election at 71% and a tornado cash developer is denied bail. You're watching Coin Desk daily, I'm your host, Jen Sani. The probability on poly market for former president Donald Trump to retake the White House jumps to an all time high on Saturday after he was injured from a shooting at a Pennsylvania rally. Yes. Shares in Poly market's contract on whether Trump will win the presidency clamped to 71 cents. Meaning the market now sees a 71% chance he will prevail in November poly five meme tokens named after Trump also surged on the incident. Mega jumped nearly 40% Saturday afternoon to $8.80 from $6.40. According to coin gecko data. As of 10 am eastern time, the mega Token is now trading just below $8. Alexei Perts, the co-founder and developer behind tornado cash was denied bail by a Dutch court on Friday. According to DL News Perts was found guilty of money laundering by a Dutch judge in May and handed a 64 month prison sentence by the court. According to the report perts of's lawyers were seeking bail to allow the Russian to prepare for his appeals process. But the court said quote, that continuing his detention does not obstruct his possibility to prepare his defense end quote. And cha analysis's latest report says that traditional money launderers who work outside crypto may be moving their cash on chain two. When analyzing all transfers sent to exchanges. In 2024 chays found a surplus of transactions valued just below the $10,000 mark. At which point additional KYC rules kick in. It's where noting that just because a crypto transaction is $1 below the $10,000 threshold, it isn't definitively illicit. However, banks and money services, businesses in the traditional financial sector have long used heuristics like that to track down criminal activity. That's it for coin desk daily, get more updates on coin desk.com and we'll see you next time.