Author: Coindesk
CoinShares noted that Trump has been a critic of the Securities and Exchange Commission (SEC) and Gary Gensler, its chairman, particularly in regard to the agency’s approach to crypto. His administration is expected to appoint new SEC leaders, which could lead to a period of more crypto-friendly regulation. Read the full article here
“Analyzing the BTC to gold ratio, we can see that the downtrend [indicative of gold’s outperformance since March] is starting to reverse. Globally, investors will increasingly focus on hedging against currency debasement and capitalizing on the Trump market play, both of which favor BTC,” Noelle Acheson, author of the Crypto Is Macro Now newsletter said. Read the full article here
“It’s hard to think how the election outcome could have landed better for the industry, and expectations of key regulatory improvements are likely to build in the coming months and quarters,” David Lawant, head of research at crypto prime brokerage FalconX, said in a Wednesday report. “Such clarity could open room for additional crypto ETF products, covering the main crypto assets and potentially also a broader crypto index, and give entrepreneurs and investors more comfort in U.S. token launches.” However, Lawant warned of short-term risks in the meanwhile, which may include “last-minute enforcement actions by departing officials.” Read the full…
The result? It has been Lekker’s most successful trade since the fund was launched six months ago, Thompson told CoinDesk. He declined to give exact numbers. SOL has surged 13% in the last 24 hours and isn’t far from multi-year highs. AI-related bitcoin miners such as Core Scientific (CORZ), Hut 8 (HUT) and HIVE (HIVE) are up roughly 10% Wednesday, while BTC is soaring 8.7% and hit a new all-time high of $75,600. Read the full article here
So far this year, the rise of crypto prices has mostly been in BTC and a small number of other popular assets. Out of the 20 assets in the CoinDesk 20 index, only six were in the green as of Nov. 1 (Bitcoin Cash, Render, Near, Bitcoin, Ether, Solana). Read the full article here
Kelly Ye, portfolio manager at Decentral Park Capital and Andy Baehr, head of product at CoinDesk Indices, trade views, active manager vs indexer, on what steps are most important to shape the capital markets and investment landscape for digital assets in a post U.S. election world. Read the full article here
Additionally, funding rates for UNI have doubled over the last day from approximately 5% to 10%, with a positive funding rate meaning traders who are long have to pay short traders to keep their position open. Other things being equal, higher funding rates mean traders are anticipating further price advances. Read the full article here
The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Read the full article here
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Crypto equities climbed by more than 10% in pre-market trading. MicroStrategy added 12%, approaching $255, just a few percentage points away from a record that would be almost 280% higher year-to-date. Coinbase is also 12% higher, approaching $220 a share. Bitcoin miners Riot, Marathon and IREN all gained more than 10%. Other notable mentions include Metaplanet which rose 24% and is now up over 1,100% year-to date. This comes after Semler Scientific saw a 30% increase in its share price yesterday, taking the shares to $39. André Dragosch, head of research in Europe at Bitwise, told CoinDesk that the initial…