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.

Reply

or to participate.