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💰 BlackRock’s spot bitcoin ETF sees record-breaking $4 billion traded on Election Day

BlackRock’s iShares Bitcoin Trust (IBIT) logged its largest daily trading volume on Wednesday, U.S. presidential election day, which saw pro-crypto Republican candidate Donald Trump reclaim the White House. “For context, that's more volume than stocks like Berkshire, Netflix or Visa saw today,” Bloomberg Senior ETF Analyst Eric Balchunas commented on X.

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🇺🇸 Crypto stocks rally as markets react optimistically to Trump election victory

In premarket trading, stocks linked to the cryptocurrency market saw notable gains, with Coinbase up 12% and MicroStrategy climbing 13%, as markets reacted positively to Donald Trump’s election victory. Futures on the Dow Jones Industrial Average surged by over 1,312 points, or 3.1%, while S&P 500 futures gained 2.12% and Nasdaq 100 futures rose 1.53%.

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💰 Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled “1FG2C.” About an hour later, around 2000 BTC was transferred to the address “15gNR.”

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💰 Bitcoin price falls, forward volatility jumps as traders brace for election: Analyst

As former President Donald Trump's odds of victory on prediction markets have slipped following a spate of positive polling results for Democrats, even falling briefly below Vice President Kamala Harris' odds of victory on US-regulated market Kalshi, Bitcoin's price has fallen and volatility has widely increased. The price of Bitcoin had fallen from a recent high of about $72,600 on Oct. 31 to a low of about $67,500.

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💰 21Shares looks to secure SEC approval for XRP ETF amid growing interest in other crypto funds

Investment firm 21Shares is pursuing regulatory approval for a spot XRP exchange-traded fund, following similar proposals from other companies. 21Shares filed an S-1 registration statement with the U.S. Securities and Exchange Commission on Friday. The fund, called the 21Shares Core XRP Trust, will be listed on the Cboe BZX Exchange. Coinbase Custody Trust Company will be its custodian.

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🇺🇸 DOJ indicts Gotbit CEO for allegedly orchestrating massive wash trading scheme

The Department of Justice has indicted Aleksei Andriunin, founder and CEO of crypto financial services firm Gotbit, on charges of wire fraud and conspiracy to commit market manipulation. Andriunin, a Russian national residing in Portugal, allegedly orchestrated a scheme to artificially inflate trading volumes for client crypto companies, including several based in the US. He was arrested on Oct. 16.

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💰 Bitcoin price pullback and volatility likely as US election approaches, Standard Chartered says

Bitcoin may see a price pullback ahead of the U.S. presidential election on Nov. 5, with increased volatility expected in the days following, according to Standard Chartered’s Global Head of Digital Assets Research Geoff Kendrick. Despite reaching $73,563 on Tuesday, bitcoin has been unable to break above its all-time high above $73,700 set on March 14. Kendrick suggested pre-election position liquidations could drive prices lower, making a breakout above the digital asset's all-time high less likely.

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💰 Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off

The price of bitcoin may surge ahead of the U.S. elections on November 5, but analysts caution that a sell-off could occur in the days following the election results, regardless of the winner. "Profit-taking could weigh on the price of bitcoin in the days following the result announcement, yet dip buyers should maintain support strong below $60,000," Tyr Capital Chief Investment Officer Edouard Hindi told The Block.

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💰 Standard Chartered: Bitcoin Set to Hit $73K on US Election Day

Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, published a report last week outlining projected bitcoin price movements based on potential outcomes of the upcoming U.S. presidential election. The research provides detailed scenarios for how bitcoin could respond to different election results.

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💰 MicroStrategy 'highly unlikely' to be forced to sell bitcoin as stock reaches 25-year high, analysts say

Analysts at BitMEX Research argued MicroStrategy is “highly unlikely” to be forced to sell its bitcoin holdings based on its current debt structure. However, given the volatility of the cryptocurrency, “anything is possible,” they said. The business intelligence firm is the largest corporate holder of bitcoin, with 252,220 BTC, currently valued at over $17 billion, at a total cost of around $9.9 billion.

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💰 Institutional interest soars as CME bitcoin futures open interest sets new all-time high

As of Oct. 18, open interest (OI) on Bitcoin futures traded on the Chicago Mercantile Exchange (CME) has reached a new all-time high of over $12.26 billion. This figure is up over 36% in the last two weeks and more than 3.5% higher than its previous all-time high, set in April. The surge in OI in recent weeks represents a sharp increase from previous levels seen during the summer. It is the highest recorded figure since April 1, when CME OI was at $11.84 billion.

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🪙 Vitalik Buterin calls staking centralization 'one of the biggest risks' to Ethereum in 'Scourge' outline

Ethereum co-founder Vitalik Buterin continued his recent series of blog posts addressing Ethereum's future in a new post which outlines possible approaches the blockchain's community can take to mitigate proof-of-stake centralization risks as part of the planned "Scourge" upgrade.

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💰 Bitwise CIO says Bitcoin poised to push past $100K amid ETF boom, whale accumulation

Bitwise CIO Matt Hougan said Bitcoin (BTC) is poised for a significant rally to a “six-figure” price amid a convergence of several key factors driving investor enthusiasm. In a social media post on Oct. 18, Hougan highlighted a surge in exchange-traded fund (ETF) flows, heightened by a reacceleration of investments into Bitcoin-based financial products amid heightened institutional interest in digital assets.

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🪙 Vitalik Buterin’s ‘Surge’ plan aims for exponential Ethereum growth with 100,000 TPS

Ethereum co-founder Vitalik Buterin has outlined his vision for the next phase of the network’s evolution, known as “The Surge.” In an Oct. 17 blog post, Buterin shared critical objectives for this phase, aiming to achieve over 100,000 transactions per second (TPS) across Ethereum’s mainnet and layer-2 solutions. He also emphasized the importance of improving interoperability between layer-2 networks while preserving the decentralization and robustness of the blockchain’s mainnet.

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