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Tom Carreras @ CoinDesk · 11/06/2024 16:09 EDT

How This Crypto Hedge Fund Nailed the Trump Trade

Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Trump would win despite concerning polls. Read more

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CoinDesk
Marc Hochstein @ CoinDesk · 11/06/2024 14:10 EDT

Polymarket Projects a GOP House, Clinching Trump Trifecta

If the prediction market's traders are right – and lately, they've been right – the election results are even more bullish for crypto than they appear. Read more

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CoinDesk
Kevin Kelly, Andy Baehr @ CoinDesk · 11/06/2024 13:10 EDT

How to Build an Asset Class in Three Easy Steps

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 more

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CoinDesk
Ben Schiller @ CoinDesk · 11/06/2024 13:09 EDT

How Trump Could Change Crypto

Analysts expect a broad market rally and changes in SEC leadership. Trump’s crypto policies include a bitcoin strategic reserve, banning a central bank digital currency and freeing Ross Ulbricht. Read more

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CoinDesk
Stephen Alpher, James Van Straten @ CoinDesk · 11/06/2024 12:26 EDT

Uniswap's UNI Token Soars 28% as Altcoins Outperform Following U.S. Presidential Election

The broad market gauge CoinDesk 20 Index was higher by 8.2% versus bitcoin's 6% advance following Donald Trump's victory. Read more

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CoinDesk
Krisztian Sandor @ CoinDesk · 11/06/2024 11:42 EDT

JPMorgan Renames Blockchain Platform to Kynexis, 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. Read more

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CoinDesk
Sam Reynolds @ CoinDesk · 11/06/2024 10:22 EDT

Polymarket Resolves Presidential Election Contract

The $3.6 billion contract closed Wednesday morning as the Associated Press, Fox and NBC declared the election for Republican candidate Donald Trump. Read more

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CoinDesk
CoinDesk Indices, Tracy Stephens @ CoinDesk · 11/06/2024 09:24 EDT

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. Read more

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CoinDesk
Jamie Crawley, Omkar Godbole @ CoinDesk · 11/06/2024 08:02 EDT

First Mover Americas: BTC Hit All-Time High as Trump Closed In on Victory

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more

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CoinDesk
James Van Straten @ CoinDesk · 11/06/2024 07:00 EDT

Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes with Trump Victory

MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading. Read more

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CoinDesk
Margaux Nijkerk @ CoinDesk · 11/06/2024 06:00 EDT

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/06/2024 04:47 EDT

Dogecoin Rockets 25% as Trump Nears Victory, Top Trader Signals More Gains Ahead

“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the 'Department of Government Efficiency' narrative could have been a deciding factor for a Trump win,” one trader said. Read more

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CoinDesk
Nikhilesh De @ CoinDesk · 11/06/2024 03:21 EDT

Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish

Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/06/2024 02:33 EDT

Solana Jumps 17%, Flips BNB Chain Token, as Trump's Lead Renews ETF Hopes

An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices. Read more

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CoinDesk
Jesse Hamilton @ CoinDesk · 11/06/2024 02:15 EDT

Crypto Already Won Election as Trump Rises and Senate's Sherrod Brown Falls

Having $169 million to spend on U.S. congressional elections can produce fast results in Washington, as the crypto sector's campaign-finance blitz this year helped rid it of a powerful Democratic senator who stood in the way of legislation and also populated Congress with a large number of new friends. Read more

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CoinDesk
Marc Hochstein @ CoinDesk · 11/06/2024 01:53 EDT

Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing

Tuesday night was a shocker if you only watched CNN. But not if you'd looked at the betting all along. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/05/2024 22:09 EDT

Bitcoin Hits New Record Above $73.8K, DOGE Surges 17% as Trump Polymarket Odds Shoot to 80%

Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting. Read more

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