Traders turn to this first-of-its-kind Meme Portfolio as markets falter ahead of US elections

  • Bitcoin prices fluctuate in tandem with US election odds for Trump and Harris.
  • A new meme coin index fund called Vantard offers exposure to high-growth meme coins.
  • Vantard’s Meme Portfolio (VMP) will allow investors to benefit from the “memecoin supercycle” with minimal effort.

With markets experiencing turbulence and the US elections shaping up to be a closer race than anticipated, crypto traders are shifting strategies to manage risk and capture returns.

Vantard’s Meme Portfolio (VMP), a unique index fund for Solana’s top meme coins, is increasingly seen as a way to ride out market volatility. Designed to capitalize on the current “memecoin supercycle,” Vantard’s VMP offers traders a chance to invest in high-growth assets without the complexity of daily trading.

Crypto market swings wildly as US elections nears

In the days leading up to the US presidential election, the crypto market has shown unusual sensitivity to election odds, especially with the price of Bitcoin fluctuating in parallel with the betting markets.

Notably, the race between GOP candidate Donald Trump and Democratic candidate Kamala Harris, the latter of whom replaced Biden on the ticket, has recently tightened.

On Polymarket, a popular betting platform, Trump’s chances initially surged to 67%, correlating with Bitcoin’s ascent toward an all-time high near $73,700. This trend seemed to reflect trader optimism around a crypto-friendly outcome, given Trump’s known support for digital assets.

However, as Trump’s odds decreased—dropping to below 53% at one point—the cryptocurrency market responded, with Bitcoin’s price retreating to as low as $67,600.

Although both Trump’s odds and Bitcoin’s price have partially recovered, with Trump holding at 56% and Bitcoin trading around $68,300, the impact of political events on the crypto market remains stark.

Bitcoin’s correlation with election outcomes is striking, with broader market indices such as the CoinDesk 20 Index also showing similar trends. Cardano (ADA) and Avalanche (AVAX) have notably underperformed, each down nearly 6% during the same period.

Analysts have pointed out this emerging trend, with crypto commentator Miles Deutscher noting how “correlated Bitcoin price action is to Trump’s election odds.”

This demonstrates how the current macro environment—where investors respond to a mix of political, economic, and regulatory factors—continues to drive crypto price movements in unprecedented ways.

For traders concerned about volatility, diversifying into assets less directly affected by election-related pressures is becoming a priority.

Investors turn to Vantard to hedge against the faltering market

In light of the ongoing market volatility, a new meme coin dubbed Vantard, the first of its kind Meme Portfolio (VMP), has emerged as a timely option for traders looking to benefit from a sector largely disconnected from the traditional crypto market’s political and economic influences.

Vantard’s VMP is the first-ever meme coin index fund, giving investors access to a curated, periodically rebalanced portfolio of top meme coins on the Solana blockchain.

Unlike other altcoins, which can suffer from complex tokenomics and significant sell pressure, meme coins are driven by attention and often launch with fully circulating supplies, allowing for a more straightforward price discovery process.

Vantard’s approach capitalizes on the so-called “memecoin supercycle,” a phenomenon where meme-based digital assets have outperformed other crypto sectors.

Year-to-date, meme coins like WIF and Popcat have delivered impressive gains, with many traders considering these assets as the “dominant trade” of this cycle.

For Vantard, this presents a unique opportunity to build on the speculative interest that drives the meme coin market while making high-yield investments accessible to the average trader.

As global liquidity rises and traditional financial assets see dwindling returns, capital flows have been favouring speculative investments like meme coins, further supporting Vantard’s position.

Vantard’s model is comparable to the transformative impact ETFs had on traditional stock market investing. By packaging meme coins into a low-touch, index-style investment product, Vantard allows traders to participate in the upside of meme coins with minimal effort, creating a straightforward path to profit from meme-driven market sentiment.

The meme coin index fund’s underlying assets, such as popular tokens like $POPCAT, $AURA, and $GIGA, are selected based on their popularity and growth potential within the current memecoin landscape. Investors also benefit from the fund’s transparency; VTARD token holders can redeem tokens against the Treasury, providing a clear linkage between the token value and the underlying assets.

The timing of Vantard’s offering is especially compelling given the broader economic climate. As traditional altcoins face increased scrutiny due to tokenomics complexities and looming sell pressures, meme coins, with their simplicity and market-driven value, stand out as a low-barrier investment option.

Furthermore, macroeconomic factors—such as rising global liquidity and potential rate cuts—favour the speculative investment behaviour driving the meme coin market. By tapping into these trends, Vantard positions itself as the “mutual meme fund” for the current crypto cycle, letting investors “ride the memecoin supercycle” without being weighed down by the mental overhead of active trading.

Conclusion

In a market defined by volatility and the growing influence of political developments, Vantard’s Meme Portfolio offers a clear alternative for those eager to capitalize on the crypto market’s most explosive sector.

As the election draws near and the potential for market swings persists, Vantard’s index of top meme coins could prove to be an effective hedge, providing exposure to assets that thrive on attention rather than complex economics.

For traders, this first-of-its-kind fund is not just a tool for riding the memecoin wave—it’s a way to maintain potential upside even as traditional crypto markets waver. Interested investors have the opportunity to grab a share of VTARD tokens for $0.00012 in the current presale stage before the presale moves to the next stage where the price is expected to rise to $0.00013.

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TON Foundation launches Society DAO to drive decentralization

  • TON Foundation says Society DAO is The Open Network ecosystem’s path to decentralisation.
  • Society DAO will also help bring transparency and inclusion to the TON community.

The Open Network Foundation is looking to bolster the blockchain network’s decentralisation with a new governance model.

On Nov.1, the TON Foundation announced the launch of Society DAO, aimed at fostering a more decentralized ecosystem.

Society DAO is a governance framework that will help the TON community benefit from key elements of decentralisation, transparency and inclusion, TON Foundation President Steve Yun and TON Society co-founder Jack Booth, wrote in a blog post.

The new governance model is also aimed at democratising access to financial, socio-political and human capital.

“Society DAO will grow to include proven and reputable community teams that can propose and execute a plan that supports the ecosystem’s objectives. It will welcome new contributors across roles such as marketing, app development, technology, stablecoin integration, DeFi, community growth, identity, and more. This model will make the community’s brightest minds the key stakeholders in the growth and adoption of TON,” the execs noted.

According to the TON Foundation, Society DAO’s key features will include publication of TON ecosystem goals and community proposals. DAO members will be able to propose strategies and provide expected timelines and results for ecosystem goals. The DAO also provides for working group reviews and grant approval.

The DAO will publish a list of key initiatives for the first half of 2025 by January, TON Foundation said.

However, overall, Society DAO plans to achieve goals such as positioning TON as the blockchain network for real-world assets and a super app market.

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Michael Saylor Announces Plans to Raise $21 billion from Stock Sale

  • Michael Saylor announced plans to raise funds to buy Bitcoin by issuing and selling $21 billion worth of MicroStrategy shares.
  • The equity raise is part of a larger plan to raise $42 billion for Bitcoin purchases over the next three years.
  • The at-the-market equity offering will dilute current shares by 42% of their capitalisation, which currently stands at $50 billion.

Michael Saylor, co-founder and Chairman of MicroStrategy, announced plans to raise $21 billion to buy more Bitcoin by offering more MSTR shares at prevailing market prices. The amount of shares issued would dilute the value of existing shares held by current shareholders.

Usually, this level of dilution would lead to a significant discount in stock price to retain the same overall value, which is manifest by a fall in stock prices.

However, MicroStrategy’s stock price has not fallen significantly since the announcement, due largely to its cohort of shareholders, the performance of its stock since 202, and its Bitcoin holding.

An overview of MicroStrategy’s Bitcoin purchases

MicroStrategy began buying Bitcoin in 2020, at a time when adding Bitcoin to corporate balance sheets was not as accepted as it is today. Over the last four years, the company has issued corporate debt notes to fund its Bitcoin purchases and currently holds 252,220 Bitcoin (roughly 1% of the total Bitcoins supply) worth roughly $17.6 billion.

The company’s most recent purchase was in September 2024, when it bought 7,420 Bitcoin at an average price of $61,750 per BTC, totalling $458.2 million, which it raised by offering senior debt notes.

Shareholders hope despite dilution concerns

MicroStrategy is in a unique position because the size of its Bitcoin holdings creates a correlation between Bitcoin’s price performance and that of its stock. With each major Bitcoin purchase, MSTR moves closer to being a quasi-Bitcoin spot ETF.

However, the total cost of MicroStrategy’s Bitcoin purchases hovers around $9.9 billion while the current value of the company’s holding is 95% higher than the cost price, a performance that has fueled the company’s stock rally.

MSTR, which traded around $13 in 2020 when MicroStrategy began its Bitcoin buying strategy, is currently trading at $244.50. The share price has grown 250% this year alone, outpacing Bitcoin’s 60% performance.

MicroStrategy’s capital plans and Saylor’s projections

Michel Saylor’s plan to buy $42 billion worth of Bitcoin over the next three years, fueled by a $21 billion equity raise and debt notes, could increase the company’s Bitcoin holdings by threefold, depending on the average buy price.

Saylor expects Bitcoin to reach between $3 million and $49 million in the next 20 years and is therefore building MicroStrategy into a Bitcoin bank.

Bitcoin trades at $70,105 as of publishing after recently testing the all-time highs of $73,000 reached in March 2024.

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SingularityDAO community approves merger with SelfKey and Cogito Finance

  • SingularityDAO merges with SelfKey and Cogito to form Singularity Finance.
  • 94.7% of SDAO holders approved the merger, awaiting KEY holders’ final vote.
  • Singularity Finance to focus on AI, RWA tokenization, and on-chain identity.

In a landmark decision, SingularityDAO, the DeFi arm of the SingularityNET AI ecosystem responsible for decentralized portfolio management, has voted to merge with Cogito Finance and SelfKey to form a new entity, Singularity Finance. This EVM Layer 2 platform will focus on tokenizing the AI economy and accelerating the adoption of AI-powered financial solutions.

The merger was approved by an overwhelming 94.7% of SingularityDAO (SDAO) token holders, with over 15 million tokens cast in favour.

The community vote, conducted through the Snapshot governance platform, represents a critical step toward Singularity Finance’s creation, which will offer advanced decentralized finance (DeFi) and artificial intelligence (AI) solutions. Notably, the vote comes barely two weeks after the merger was proposed.

Mario Casiraghi, Co-Founder of SingularityDAO, expressed gratitude for the community’s support, saying, “We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”

Cloris Chen, CEO of Cogito Finance, highlighted the partnership’s potential, stating, “The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi.”

SelfKey Community expected to vote on the merger

The merger now awaits a final vote from SelfKey’s community of KEY token holders to solidify SelfKey’s participation.

Once approved, Singularity Finance will serve as a comprehensive platform addressing critical areas in the AI and DeFi ecosystem, including real-world asset (RWA) tokenization and on-chain identity management.

This integrated approach will enhance SingularityDAO’s existing AI-powered portfolio management capabilities with SelfKey’s compliance features and Cogito Finance’s RWA tokenization solutions.

A leadership council will guide Singularity Finance, with prominent members including Dr. Ben Goertzel, CEO of SingularityNET, Cloris Chen, CEO of Cogito Finance, and Mario Casiraghi, CFO of SingularityNET. Together, they aim to pioneer innovative financial services, targeting developers and users in the emerging AI-based financial landscape.

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Immutable becomes the latest to receive a Wells notice from the SEC over alleged securities laws

  • Immutable claims the notice is “targeting the listing and private sales of IMX in 2021
  • Immutable joins the likes of Coinbase Crypto.com, and OpenSea who have received Wells notices from the SEC
  • The notice is said to have contained less than 20 words of material explanation

Immutable has been issued with a Wells notice from the US Securities and Exchange Commission (SEC) alleging securities laws and misrepresentations by the company.

In a post from the blockchain gaming platform, it said that while nothing was specified in the notice, it believes its “claims are targeting the listing and private sales of IMX in 2021.” Immutable added that “with this action, the SEC is continuing to indiscriminately assert that tokens are securities.”

According to Immutable, they are confident that the IMX token is not a security.

Joins a growing list of targeted companies

For the SEC to issue a Wells notice, it’s generally indicative that the agency is thinking about bringing a lawsuit against a company. If it does, Immutable joins a list of companies in the crypto industry that have faced or are facing lawsuits against the SEC.

Last July, Ripple won a lawsuit against the SEC when Judge Analisa Torres ruled that XRP is not a security. In April, Consensys filed a lawsuit against the SEC to protect the Ethereum ecosystem. The SEC later sued Consensys alleging that the company operated as an unregistered broker-dealer and offered unregistered securities.

Other crypto organizations that have received a Wells notice from the SEC include Coinbase, Crypto.com, and OpenSea.

“With this latest move against Immutable, the SEC’s overreach has expanded into gaming,” Immutable said.

According to Immutable, the Wells notice before the US election illustrates why the “industry is so skeptical of any attempts from this SEC to argue it is attempting to provide clarity.”

“Prior to the issuance of a Wells notice, there are often multiple months of interviews and conversations between company counsel and the SEC, so the SEC can fully understand the situation,” Immutable added. “Instead, in our very first interaction with the SEC, we were told a Wells notice would be issued to the company within the week. We then received it within hours.”

Immutable said that the notice only cited “statutory provisions” and had less “than 20 words of material explanation.”

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