XRP Jumps 17% Outperforms Rest of the Market as Rally Cools; Trader Thinks $120K Bitcoin Target Still in Play “We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office,” QCP Capital traders said in a Friday broadcast.

Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF President-elect Donald Trump said former Securities and Exchange Commission Chair Jay Clayton would be his U.S. Attorney for the Southern District of New York, heading up the state’s Department of Justice branch.

Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor Michael Saylor says the US should and will build a reserve of bitcoin and explains why it is the greatest deal of the 21st century.

Ex-SEC Lawyers Agree: Crypto Enforcement Shackles May Take Time to Resolve After years of legal wrangling with the U.S. securities regulator, President-elect Donald Trump’s win was taken by the crypto industry as a definitive sign that their courtroom shackles and enforcement actions would be thrown off when he takes the oath of office again.

Republican State AGs and DeFi Lobby Sue SEC Over Crypto Enforcement Actions A group of state attorneys general and the DeFi Education Fund filed a lawsuit against the U.S. Securities and Exchange Commission and its five commissioners alleging the regulatory agency was overstepping its bounds in bringing enforcement actions against crypto exchanges.

Ex-Valkyrie CEO Leah Wald’s Investment Firm Buys Four Validators, Including Solana Network’s, for Nearly $18M The firm will buy validators for SOL, SUI, MONAD and ARCH networks.

Fed Chair Jerome Powell’s Hawkish Comments Throw Some Cold Water on Crypto A December rate cut from the U.S. central bank might not be as sure of a thing as previously thought.

The Post Web: Read, Write, Own, Delegate The last decade of Web3 has battle-hardened a stack of distributed architecture and incentive games. While too complex for individuals to operate at scale, this technology is primed for AI and the agentic internet, says Outlier Ventures’ founder and Chairman, Jamie Burke.

Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States The tokenization platform is part of Tether’s ambition to diversify its business from issuing the $126 billion USDT stablecoin.

UK Government Plans Pilot for a Digital Gilt Instrument Using Distributed Ledger Technology Chancellor Rachel Reeves will mention the DLT-based digital gilt instrument in her first annual speech laying out her long-term vision.

How Tokenized Money Market Funds Dulled the Stablecoin Star Regulatory uncertainty around yield-bearing stablecoins has allowed regulated tokenized yield-bearing instruments like money market funds to steal thunder, says Aaron Kaplan, co-CEO of Prometheum.

Crypto for Advisors: Post-Election Review A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.

First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Trump-Supported World Liberty Financial Taps Chainlink Data Services as DeFi Platform Takes Shape Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform.

Franklin Templeton Expands $410M Money Market Fund to Ethereum Blockchain Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund to the largest blockchain, Ethereum.

CoinDesk 20 Performance Update: LTC Gains 8.5%, Leading Index Higher from Wednesday Hedera and Ripple were also top performers, each gaining 6%.

SocGen Crypto Arm to Bring Its Euro Stablecoin to XRP Ledger, Lays Out Plan for Going Multichain The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.

Polymarket’s Probe Highlights Challenges of Blocking U.S. Users (and Their VPNs) What can offshore crypto companies practically do to stop Americans from accessing their services – and what do regulators expect them to do?

U.S. ETF Inflows Hit $4.7B Over 6 Days as Bitcoin Becomes 7th-Largest Asset in the World Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.

What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin, a Lot Better: Van Straten