Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts
BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.
First Mover Americas: BTC in Price Discovery Mode Following Record High
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
D.O.G.E Memecoin Rockets 100% as Traders Savor Elon Musk’s Strong Ties to President-Elect Trump
The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.
CoinDesk 20 Performance Update: ADA Gains 9.9%, Leading Index Higher from Thursday
Polygon joined Cardano as a top performer, gaining 7.9%.
Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial
The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
The USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem.
Ethereum Foundation’s Treasury Shrunk 39% Over 2 1/2 Years to $970M
TKTK
Bitcoin Hits Another Milestone, Topping $77K for First Time; Funding Rates Suggest Crypto Rally Can Keep Going
Cryptocurrency price milestones continue to topple in the aftermath of Donald Trump’s election victory, as bitcoin on Friday surpassed $77,000 for the first time
CoinDesk 20 Performance Update: Uniswap Surges 28% as All Index Constituents Trade Higher After Election
Solana joins Uniswap as a top performer, gaining 12.7% as U.S. Presidential election results come in.
JPMorgan Renames Blockchain Platform to Kinexys, to Add On-Chain FX Settlement for USD, EUR
The banking giant was one of the early leaders in applying blockchain tech to traditional financial activities, executing over $1.5 trillion of transactions since its inception.