Trump Confirms To Hold Press Conference; Huge Crypto Announcement Coming up?

In a latest development, Donald Trump has announced plans of holding a press conference on Thursday, August 8, at his Mar-a-Lago estate. This announcement comes at a crucial moment amidst the 2024 election race, as Vice President Kamala Harris is also seen gaining traction in the odds of winning the election, likely giving a tough fight to Trump, in the race to become the next President.

What Is Trump Going To Announce?

Notably, the Trump family has recently teased major developments in Defi, which makes this announcement of Trump, all the more significant. Trump confirmed the press conference, which was scheduled for 2 P.M. today, on his social media platform, Truth Social. He wrote, “I will be doing a General News Conference at 2:00 P.M. at Mar-a-Lago, Palm Beach. Thank you!”

The post has also sparked speculation about the topics he might address. Some people expect him to target at his opponent, Kamala Harris.

Donald Trump Jr, on Wednesday hinted at a major upcoming development in the world of crypto and Defi. He tweeted about ‘shaking the crypto world with something HUGE’ stressing Defi to be the future and advised not to get left behind.

The post had garnered attention in the crypto and political community after remarks fron Eric Trump as well, as he declared his enthusiasm for Defi. Eric Trump also had asked the users to stay tuned for a big announcement.

Harris Giving A Tough Fight!

Recently, Kamala Harris’ odds of winning the election rose to a new all-time high amid recent support from the crypto industry, according to prediction markets. Polymarket prediction market data shows that Kamala Harris’ odds of winning the presidential election are slowly picking speed. According to the latest bets, the odds for Harris increased by 2% to hit an all-time high of 46% and Donald Trump’s chances dropped by 1% to 52. The recent increase in popularity of Kamala Harris among crypto executives and pro-crypto investors has raised concerns for the crypto community.

According to a report from Reuters, a little over two weeks ago, Trump’s presidential campaign who had visions of an expansive national strategy that would result in a landslide victory in November, now struggle to blunt a surging Kamala Harris, who swiftly replaced President Joe Biden as the Democratic Party’s presidential candidate last month. According to the report, many sources see Harris as a far tougher opponent than Biden.