Ethereum Foundation’s Treasury Shrunk 39% Over 2 1/2 Years to $970M TKTK

Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

D.O.G.E Memecoin Rockets 100% as Traders Savor Elon Musk’s Strong Ties to President-Elect Trump The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

First Mover Americas: BTC in Price Discovery Mode Following Record High The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.

CoinDesk 20 Performance Update: ADA Gains 9.9%, Leading Index Higher from Thursday Polygon joined Cardano as a top performer, gaining 7.9%.

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.

CEO of Canadian Crypto Holding Returns Safely After Paying $720K Ransom: Report WonderFi CEO was forced into a vehicle but released after a ransom was paid.

Republicans Look Set to Clinch Electoral Sweep, Echoing Polymarket Bets 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%.

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.

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.

Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on New Features

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.

Coinbase Brings Bitcoin to Solana, Spurring High Hopes for DeFi Surge

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.

The Fed Is Set to Cut Rates, Boosting the Outlook for Crypto

Crypto for Advisors: Post Election Edition As U.S. voters elected former President Donald Trump to be the nation’s 47th president, the digital-asset market demonstrated its unique, real-time reaction capacity, surging on expectations of a crypto-friendly administration

French Regulator Says It’s ‘Examining’ Polymarket The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election

In Win for Polygon’s AggLayer, Magic Labs Unveils Chain Unification Network ‘Newton’ Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification.