Are you curious about the latest in the crypto world? Here’s a rundown of today’s key trends and events affecting Bitcoin prices, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.
Polymarket resolves US presidential election winner bets as AP, Fox, and NBC call it for Trump.
Polymarket, a decentralized predictions platform, recently concluded its U.S. presidential election market after the Associated Press, Fox, and NBC all declared Donald Trump the winner.
Had the networks not announced a winner, the market would have stayed open until inauguration day on January 20, ultimately resolving in favour of the candidate sworn into office.
Leading up to Election Day, Polymarket participants gave Trump a 62% chance of winning, while Kamala Harris held a 38% chance. The market saw fluctuating support for both candidates, but sentiment shifted decisively toward Trump in October. Despite this, national polls were close, with Harris holding a slight 1% lead on Tuesday.
In 2024, Donald Trump positioned himself as a pro-crypto candidate by accepting cryptocurrency donations, proposing the U.S. become a major bitcoin mining hub, suggesting a crypto-friendly SEC chair, and promoting a national bitcoin reserve. Kamala Harris, by contrast, offered broader comments on the importance of blockchain and digital assets in creating an "opportunity economy" but did not propose specific crypto policies, instead emphasizing the need to encourage crypto businesses while ensuring consumer protection.
Keyrock and The Tie Partner to Foster Market Transparency and Educate Crypto Industry
This partnership represents a pivotal step toward clarifying the roles and impacts of market makers within the digital asset ecosystem. Through The Tie Terminal, the premier information platform for digital asset institutions, Keyrock’s comprehensive market data will be accessible, providing transparent and user-friendly insights. This initiative aims to empower investors, traders, and institutional clients with a clearer understanding of market-making mechanisms and their effect on digital asset liquidity.
Joshua Frank, Co-Founder and CEO of The Tie remarked: “Our collaboration with Keyrock goes beyond expanding The Tie Terminal’s data offering. It is fundamentally about raising industry standards by enhancing transparency and education. We are dedicated to providing our clients and the industry with tools that clarify the often-complex process behind liquidity provisioning.”
Kevin de Patoul, CEO and Co-Founder of Keyrock, added: “Our partnership with The Tie allows Keyrock to drive greater market transparency and reliability across the digital asset landscape. By integrating The Tie’s extensive data resources and on-chain insights with Keyrock’s pioneering liquidity solutions, we’re thrilled to launch Keyrock-branded dashboards that make data-driven insights accessible to the entire market. Together, we are setting new benchmarks for an efficient, transparent, and cooperative digital ecosystem.
2024 US Election Results: Trump Victory Ushers In First Bitcoin-Friendly Administration
The U.S. presidential election results are in, with Donald Trump achieving a decisive victory, winning both the Electoral College and the popular vote. While there are many key takeaways from this striking conclusion to a dynamic and unconventional race, let’s focus on the potential implications for Bitcoin, blockchain, and the broader crypto industry moving forward.
Notably, no previous presidential campaign has highlighted cryptocurrency as prominently as Donald Trump’s. David Bailey, CEO of Bitcoin Magazine, advised and supported his campaign. The campaign accepted donations in crypto, and in July, Trump headlined the Bitcoin 2024 Conference in Nashville.
At this event, Trump made several clear, pro-Bitcoin commitments, including his intention to establish BTC as a national strategic reserve asset. He also expressed plans to replace Gary Gensler as Chair of the SEC due to perceived regulatory challenges Gensler posed to the crypto sector.
Bybit Unveils CryptoLens AI, An Innovative AI Copilot for Token Analysis
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to introduce CryptoLens AI, an advanced tool designed to simplify and enhance token analysis for crypto investors. Created to support data-driven decision-making, CryptoLens AI delivers clear, AI-powered insights to help busy traders efficiently identify valuable signals within the fast-evolving digital asset market.
CryptoLens AI leverages extensive data analysis across multiple dimensions, using large language models to make complex information accessible. This tool enriches users’ research on selected tokens by integrating advanced quantitative assessments, significantly reducing the typically time-intensive process of thorough token research.
Each token is scored based on six key factors: social engagement, team and funding, on-chain activity, token performance on Bybit, liquidity and distribution, and token security. This AI-powered “copilot” enables users to take a holistic, metrics-based view of each token, allowing them to focus on meaningful data and move beyond market hype.
Crypto’s regulatory headwind has turned into a tailwind following Trump’s victory, Bernstein says
After Donald Trump’s victory in the U.S. presidential election, analysts at the research and brokerage firm Bernstein observed that the regulatory climate for crypto has shifted from a headwind to a tailwind—a change the market has yet to account for fully. In a note to clients on Wednesday, lead analyst Gautam Chhugani expressed optimism about the potential appointment of a “crypto-friendly” SEC Chair and a supportive Senate Banking Committee, which could drive progress toward regulatory clarity for the industry. Under current Chair Gary Gensler, the SEC has initiated multiple legal actions against major crypto entities, including Coinbase, Binance, Kraken, and Robinhood, and projects in DeFi, NFTs, and stablecoins.
The crypto sector is now pushing for new regulations that distinguish digital assets from securities, address broker/dealer laws for crypto exchanges and DeFi, accelerate approvals for investment products such as ETFs, and permit banks to hold and manage crypto assets, Chhugani noted.
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