Post-Election Déjà Vu: Bitcoin Spikes to a New Record High, While Ether and Solana Rally Ahead of FOMC

Bitcoin just made a new all-time high, but ether is the real winner here.
Here’s How Quickly Gary Gensler Could Lose His SEC Chair Gig Under Trump

With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.
Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on New Features
Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has ‘No Effect’ on Policy

Fed Chair Jerome Powell’s speech later today could shake up markets as he will face questions about the central bank’s outlook on monetary policy and inflation after Donald Trump’s decisive win of the U.S. presidential election.
Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge
Intense Competition — Not Technology — Will Fuel Blockchain’s Rise to Dominance

Like the internet itself, decentralized networks aren’t always the most efficient tools for some tasks. However, the open, permissionless nature of these networks creates intense competition that often serves customers better than technical efficiency alone, says EY’s Paul Brody.
Republicans Look Set to Win House, Clinching Electoral Sweep of Congress and White House

The U.S.’s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket.
Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized ‘Web5’ Venture

The company’s shares fell after reporting third quarter sales that missed estimates by 4%.
Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal

Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.
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.
