Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades. Source
Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
Category: ICO
What Next For Bitcoin After Trump Win? Traders Look to Fed Rate Cuts For Bullish BTC Move
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments. Source
How Quinn Thompson of Lekker Capital Nailed the Trump Trade
The result? It has been Lekker’s most successful trade since the fund was launched six months ago, Thompson told CoinDesk. He declined to give exact numbers. SOL has surged 13% in the last 24 hours and isn’t far from multi-year highs. AI-related bitcoin miners such as Core Scientific (CORZ), Hut 8 (HUT) and HIVE (HIVE) are up roughly 10% Wednesday, while BTC is soaring 8.7% and hit a new all-time high of $75,600. Source
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. Source
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. Source
How Trump Could Change Crypto
So far this year, the rise of crypto prices has mostly been in BTC and a small number of other popular assets. Out of the 20 assets in the CoinDesk 20 index, only six were in the green as of Nov. 1 (Bitcoin Cash, Render, Near, Bitcoin, Ether, Solana). Source
Bitcoin Price (BTC) Rises, but Altcoins and UNI Outperform Following Trump Victory
Additionally, funding rates for UNI have doubled over the last day from approximately 5% to 10%, with a positive funding rate meaning traders who are long have to pay short traders to keep their position open. Other things being equal, higher funding rates mean traders are anticipating further price advances. Source
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. Source
Bitcoin Price (BTC) Hits New Record as CoinDesk 20 Gains Following U.S. Election
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BTC Hit All-Time High as Trump Closed In on Victory
Crypto equities climbed by more than 10% in pre-market trading. MicroStrategy added 12%, approaching $255, just a few percentage points away from a record that would be almost 280% higher year-to-date. Coinbase is also 12% higher, approaching $220 a share. Bitcoin miners Riot, Marathon and IREN all gained more than 10%. Other notable mentions include Metaplanet which rose 24% and is now up over 1,100% year-to date. This comes after Semler Scientific saw a 30% increase in its share price yesterday, taking the shares to $39. André Dragosch, head of…