Markets Surge on Trump Election Victory

📈 Crypto Rally Follows Trump Victory

Markets and Bitcoin Surge: U.S. markets closed significantly higher after Donald Trump’s election win over Kamala Harris. The Dow rose 3.5% to 43,729.93, S&P 500 up 2.5% at 5,929.04, and Nasdaq gained 2.9%. Bitcoin reached ~$76,000, a 9.8% increase and new all-time-high.

Crypto Stocks See Major Gains: Coinbase shares soared by 31%, along with gains in bitcoin miners like Cipher Mining and Riot Platforms, each up more than 30%. Coinbase's Chief Legal Officer Paul Grewal urged, "Stop suing crypto. Start talking to crypto. Initiate rulemaking now."

Record Overnight Trading Volume: Robinhood recorded its highest-ever overnight trading, with volumes 11x usual. BlackRock's IBIT ETF saw $1 billion in the first 20 minutes of trading, sparking "record-breaking volume day" predictions. All 11 Bitcoin ETFs rose over 8%. Read More.

️ On today's Top Picks:

  1. ⚖️ Binance & CZ file motion to dismiss US SEC lawsuit.
  2. 🏳️ France to ban Polymarket citing it is gambling.
  3. 👀 Wintermute proposes enabling fee switch for Ethena.
  4. 💱 JPMorgan's rebranded Kinexys to introduce onchain FX settlement.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ Cryptocurrency Market adds over $200b & Bitcoin reaches new all-time-high in reaction to US Presidential Election.

Over 270 Pro-Crypto Candidates elected in the US elections; over 120 anti-crypto candidates elected.

US Senator Cynthia Lummis posts "WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE.." on X.

Spot Bitcoin ETF trading volumes surpass $6b; BlackRock's $IBIT volume surpasses $4b.

• ⭐️ Binance & former CEO CZ file motion to dismiss US SEC lawsuit.

• ⭐️ France to ban Polymarket citing Polymarket is gambling.

Avalanche Foundation to buy back $52m of $AVAX from defunct Luna Foundation Guard.

• ⭐️ Wintermute Governance proposes enabling fee switch for Ethena $ENA.

Alpha


Story Protocol posts "Tomorrow. ꧁It begins꧂.." on X; to launch "final phase" as previously mentioned.

Arkham $ARKM to launch Arkham Perpetuals Exchange with Exchange Points program; trading begins in one week.

Blackwing launches Blackwing Launchpad; create and/or trade tokens with liquidation-free leverage.

Pirate Nation $PIRATE Season 2 ends next week; Season 3 to begin directly after.

L2BEAT launches DABEAT, a platform to explore Data Availability layers.

ICYMI Fluid DEX by mystri.

Airdrops


Fuel Phase 2 Airdrop Strategy by Earndrop.

HashKey releases $HSK WhitePaper; roadmap shows airdrop planned in Q4 2024.

Swell to launch $SWELL Airdrop on November 7th at 09:00 AM UTC.

Hyper Foundation reminds users the deadline to review & accept the Genesis Event Terms is November 11th.

Sui Name Service to announce $NS TGE date soon.

ICYMI DeBank Airdrop Strategy by Earndrop.

Finance News


Donald Trump wins 2024 US Presidential Election; to take office January 20th, 2025.

Microstrategy $MSTR & Coinbase $COIN surge in reaction to US Presidential Election.

Bitcoin Mining Stocks surge in reaction to US Presidential Election.

• ⭐️ JPMorgan $JPM rebrands blockchain platform from Onyx to Kinexys; to introduce onchain FX settlement.

US Stock Market adds over $1 Trillion in reaction to US Presidential Election.

AMD $AMD outsells Intel $INTC in data center & AI space for the first time.

Meta $META fined $15.67m in South Korea for sharing sensitive user data with advertisers.

Security and Exploits


SlowMist Weekly Security Report highlights several incidents with over $20m in reported losses.

Google releases Android November 2024 security update patching two actively exploited vulnerabilities.

Google warns of actively exploited vulnerability in Android; flaw allows unauthorized access to several directories.

Token Unlocks


• EigenLayer $EIGEN / ~$4m / NOV 05th
• Cardano $ADA / ~$6m / NOV 06th
• Ethena $ENA / ~$6m / NOV 06th
• Neon $NEON / ~$22m / NOV 07th
• Xai $XAI / ~$8m / NOV 09th
• Bitget $BGB / ~$6m / NOV 10th
• Cardano $ADA / ~$7m / NOV 11th
• Aptos $APT / ~$108m / NOV 11th
• io[.]net $IO / ~$4m / NOV 11th
Sourced from Tokenomist


Funding


Ususal raises $1.5m in community funding via Echo.

Fragmetric raises an undisclosed amount in Builders funding.

CoW DAO raises an undisclosed amount in funding from Greenfield Capital.

Bion raises an undisclosed amount in funding from TON Ventures.

Blum raises an undisclosed amount in funding from The Open Platform.

Prosper raises an undisclosed amount in funding from Waterdrip Capital.

Kroma raises an undisclosed amount in Strategic funding from ZKcandy.

Phi raises an undisclosed amount in Strategic funding led by Neoclassic Capital.

HackQuest raises an undisclosed amount in Strategic funding from KIP Protocol.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Uniswap V3 logoUniswap V3 (Polygon)USDCUSDC97.56%
Curve DEX logoCurve DEX (Ethereum)IDAIIUSDCIUSDT70.32%
Pearl V2 logoPearl V2 (Re.al)ARCUSDUSDC47.21%
AAVE V3 logoAAVE V3 (Ethereum)USDC35.27%
Merkle Trade logoMerkle Trade (Aptos)ZUSDC31.34%
Indigo logoIndigo (Cardano)IUSD29.33%
Synthetix V3 logoSynthetix V3 (Base)USDC29.03%
Morpho Aave logoMorpho Aave (Ethereum)USDC25.34%
. . .

🟢 Polynomial Superchain Is Live

Trade 2.0: Polynomial recently introduced Trade 2.0, their flagship decentralized leverage trading platform offering gasless trading, cross-margin capabilities, and more. $BTC, $ETH, $SOL, $PEPE, $WIF, $SUI, and $AAVE markets are live with more markets coming soon!

Trading Points: Polynomial distributes 1,000,000 trading points daily! Allocation of trading points is based on factors such as trading volume, OI rebalancing, or [redacted].

Trading Fest🟢: From October 1st to December 31st, Polynomial will distribute 150,000 Optimism $OP tokens to traders on Polynomial trade. In addition, traders can earn other token rewards, a chance to win exclusive NFTs, and more surprises that will be shared soon.

👉 Explore Polynomial with Trade 2.0

. . .

That’s it for today’s edition! See you soon.

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