✅ Trump's victory kicked off a long-awaited explosive rally, with Bitcoin rising 15% for the week and peaking at $81k, well above last ATH 🔼

Weekly news digest:

🇺🇸 The U.S. Politics

🔹 Donald Trump has won the U.S. presidential election

🔹 Republicans gained a majority in the Senate and the House of Representatives

💎 Crypto

🔸 Detroit, Michigan, becomes the largest US city to accept Bitcoin and crypto for taxes

🔸 Blockchain analytics firm Arkham launched crypto perpetuals exchange

🔸 Tether swapped more than 2 billion USDT to the Ethereum network

🔸 Paxos launched USDG, a Singapore-compliant stablecoin, partnering with DBS Bank
 
🔸 Deutsche Telekom is testing the mining of Bitcoin using the excess energy

🏦 Crypto Exchanges

🔸 Binance has committed $3 million to help the Spanish Red Cross
 
🔸 Mt. Gox moved another $2.2 billion worth of Bitcoin

🔸 Alameda Research has filed complaints and tried to reclaim $11M from the Crypto .com-controlled Alameda account

💵 Finances and Economy

🔸 Nvidia flipped Apple and became the world's most valuable company

🔸 The Bank of England cut its benchmark rate by 0.25%, from 5% to 4.75%

🔸 OpenAI in talks with regulators to become a for-profit company

🔸 Fed cut the interest rate by 0.25% to 4.5%-4.75%

🔸 Swift, UBS, and Chainlink announced the completion of a pilot to settle tokenized fund subscriptions and redemptions using Swift

⚖️ Law and Order

🔸 Nvidia and Facebook ask for legal immunity from securities fraud prosecution from the U.S. Supreme Court
 
🔸 Microsoft risks shareholder lawsuit if it ignores Bitcoin  

 🙊 Personalities

🔸 CZ says SEC can’t tell securities from Beanie Babies in his filing
 
🔸 SEC chairman Gary Gensler will likely soon resign

🔸 Federal Reserve Chair Jerome Powell says he would not resign if President-elect Trump asked him to.

🔸 Donald Trump is considering Wall Street lawyer Richard Farley to replace SEC Chair, Gary Gensler

🚀 Best performers of the week:

Neiro - $0.00262 (↑96.3%)
Dogecoin - $0.263 (↑74.9%)
Cordano - $0.578 (↑72.4%)

MicroStrategy announced the purchase of an additional 27,200 bitcoins valued at approximately $2 billion 🥇

Saylor continues to be active buyer despite ATH prices 🕕

Global crypto market capitalization is now above $3 trillion, approaching the ATH from 2021 📈

🤑 Bitcoin — $85,225

🤑 Ethereum —$3,319

🤑 Dogecoin — $0.32

Bitcoin is very close to climb above $90k, $89,500 for now 👀

Will we see $100,000 this month?

Yes — 🐳

No — 🫡

✅ Bitcoin price nears $90k as $580 million in futures positions gets liquidated from the market 📈

Daily Digest:

🔸 Tether minted 2 billion USDT

🔸 After over 24 years, MicroStrategy stock has hit a new all-time high 🧪

🔸 Coinbase stock pumped past $300 for the first time since 2021

🔸 Former Alameda Research co-CEO gives up his yacht and apartments in the settlement with Bankruptcy Court

🔸 MicroStrategy buys another 27,200 BTC for $2 billion 🛒

🔸 Ethereum developer Paul Berg published an EIP-7809
proposal for native tokens

🔸 Trader lost $25 million after sending funds to the wrong address

🔹 Prices:

🥇 Bitcoin - $88,690 (↑10.3%) (🔼NEW ATH)
✨ Ethereum - $3,364 (↑5.5%)
🧪 S&P 500 - 6,001 (↑0.10%) (🔼NEW ATH)
🕗 DXY - 105.52 (↑0.50%)
🌉 Gold - 2,623 (↑0.14%)

Only a week ago, it seemed so far away 😇

Top 7 token unlocks for this week 🔒

The total value of tokens unlocked this week will exceed $280 million, Aptos $APT leads the list by in terms of unlocked value, but that doesn't stop the coin from rallying 50% in a week 👇

• Aptos (APT) — $127.7M
• Arbitrum (ARB) — $58.83M
• StarkNet (STARK) — $29.60M
• Moca (MOCA) — $18.28M
• ApeCoin (APE) — $17.09M
• Cyber (CYBER) — $15.52M
• Delysium (AGI) — $13.01M

#unlocks

We are just getting started 👀

160 days of sideways movement is expected to end with a big pump.

The next phase is parabolic growth after a small correction 🧪

The crypto bull market is here, according to analysts at global asset management firm Bernstein 😮

"Buy everything you can" is written in Bernstein's memo sent to investors 🛒

They also stated "We expect a crypto-friendly regulatory environment under Trump, starting with a crypto-friendly SEC" 🇺🇸

Best Strategy For Crypto Noobs: DCA and Hold for the Long Term 📊

For most people, the best approach in crypto is to keep it simple. Instead of overcomplicating things, consider using a dollar-cost averaging (DCA) strategy and holding for the long term.

Here's a straightforward portfolio suggestion that most people should stick with:

🥇 50% Bitcoin
✨ 30% Ethereum
🔳 10% Solana
🐷 10% other altcoins or nemecoins you like

With DCA, you buy these assets in the above proportions every month or every two months, no matter what the market is doing ❗️

This helps you reduce the impact of volatility and steadily build your portfolio over time avoiding mistakes often made by most traders

🛒 Avoid trying to time the market or trade frequently. Just hold your assets and continue to DCA.

Keeping it simple can make your journey less stressful and more rewarding in the long run. This is proven by statistics! ↗️

#FAQ

✅ Bitcoin has notched another major milestone, topping $90,000 for the first time, the wild swing in crypto prices liquidated over $900 million of leveraged derivatives trading positions

Daily Digest:

🔸 Trump appoints Elon Musk and Vivek Ramaswamy to lead Department of Government Efficiency

🔸 BNBChain announced that it has received a $10 million investment in cloud service credits from Google Cloud

🔸 Bernstein wrote a meme to the investors: "Buy everything you can"

🔸  Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42%

🔸 FTX sues Binance for $1.76 billion and accuses CZ of “reckless disregard” for FTX’s customers

🔸 Canary Funds has filed an application with the U.S. SEC for an HBAR ETF

🔹 Prices:

🥇 Bitcoin - $88,417 (↓1.2%)
✨ Ethereum - $3,269 (↓1.8%)
🧪 S&P 500 - 5,983 (↓0.29%)
🕗 DXY - 106.01 (↓0.01%)
🌉 Gold - 2,607 (↑0.35%)

Just think for a second. Where would we be now if the Trump assassination attempt had gone differently? 😨

Elon Musk writes about Peanut squirrel, whose murder by the New York government was the catalyst for mass outrage before the election 🐿

Says this squirrel helped Trump win. $PNUT meme coin dedicated to this squirrel pumps by 271% and becomes the top 69 coin by market cap 🧪

📊 New US CPI data release

U.S. inflation rose by 2.6% over the past year through October, meeting expectations.

Core CPI, excluding food and energy costs, climbed 3.3% year-over-year, also as expected.

Knowing that everything is as predicted, the Fed is likely to lower the rate by 0.25% at the next FOMC 😇

BTC NEW ATH $91,000 📈🤑

Show goes on!

Spot BTC ETFs now hold more than $90 billion worth of Bitcoin 🔼

This is one of the main price drivers in 2024, for example yesterday in just 1 day net inflow in ETFs was $817 million 💰

CZ and Vitalik appeared at devcon Bangkok to watch presentations by groups like BIO, VitaDAO, ResearchHub, and HairDAO, all working on bringing science onto the blockchain 🔗

These groups want to make science more open and community-funded by using blockchain technology.

CZ mentioned that DAOs could help share science funding faster. He hopes to see thousands of new DeSci projects next year, making science more open to everyone 🧪

New meta?