Donald Trump More Likely to Pardon Jan. 6 Protestors Than Silk Road Founder: Polymarket
The President-Elect promised pardons for the protestors and to commute Ulbricht’s sentence when he was on the campaign trail.
Markets
Bitcoin Registers Fourth-Best Day of 2024 as BlackRock ETF Posts Record Volume
BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
Bitcoin Soars as Gold Dips: The Stellar 12% Surge in BTC/XAU Signals a Market Shift
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades.
What Next for Bitcoin After Trump Win? Traders Look to Fed Rate Cuts as BTC Sets New Highs at $76K
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments.
Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts
Crypto exchange Coinbase’s shares closed the day 31% higher, leading gains among digital asset-related stocks.
How This Crypto Hedge Fund Nailed the Trump Trade
Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Trump would win despite concerning polls.
Polymarket Projects a GOP House, Clinching Trump Trifecta
If the prediction market’s traders are right – and lately, they’ve been right – the election results are even more bullish for crypto than they appear.
Uniswap’s UNI Token Soars 28% as Altcoins Outperform Following U.S. Presidential Election
The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin’s 6% advance following Donald Trump’s victory.
Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes with Trump Victory
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.