2024 ELECTIONS - Trade Savi - 360-degree view on crypto market

2024 ELECTIONS

Anthony Scaramucci explains how the Democrats flopped on crypto

SkyBridge Founder Anthony Scaramucci analyzes the Democrats’ recent electoral flop and names crypto as a key reason for their loss.

theblock.co • 25/11/2024 - 20:49 PM

Lutnick, Cantor Fitzgerald negotiated a 5% ownership stake in Tether: WSJ

Cantor, which holds most of Tether’s $133 billion in reserves, negotiated a 5% ownership interest in the stablecoin issuer within the past year, according to The Wall Street Journal.

theblock.co • 24/11/2024 - 05:03 AM

Trump nominates hedge fund manager Scott Bessent as Treasury secretary

President-elect Donald Trump tapped Bessent on Friday amid a flurry of administrative nominations. “Crypto is about freedom, and the crypto economy is here to stay,” the former hedge manager has stated.

theblock.co • 23/11/2024 - 16:52 PM

SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

Over the past few years, the agency has brought hefty cases against big industry players, including against crypto exchange Coinbase, for not registering lawfully with the agency. The agency could also go for a less aggressive approach and come to some compromises in ongoing cases.

theblock.co • 22/11/2024 - 20:24 PM

2024 ELECTIONS

Coin Center warns 'draconian' surveillance policies could still drive crypto investors from US

Coin Center identifies three key threats: tax reporting, Tornado Cash sanctions, and unlicensed money transmission. Surveillance regulations chill innovation, drive developers away, and fail to prevent criminal misuse. Legislative solutions like the Blockchain Regulatory Certainty Act are crucial for safeguarding crypto freedoms.

theblock.co • 22/11/2024 - 19:13 PM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

SEC Commissioner Jaime Lizárraga to leave agency following Chair Gensler's exit

Jaime Lizárraga, one of three Democratic commissioners at the SEC, said he let President Joe Biden know of his plans to leave. Lizárraga’s announcement comes a day after SEC Chair Gary Gensler said he also plans to step down in January.

theblock.co • 22/11/2024 - 18:43 PM

Robinhood exec Dan Gallagher rules out leading SEC

Dan Gallagher was on the list of potential chairs to lead the SEC in a new administration. Gallagher said he is dedicated to Robinhood and said he is “eager to work with the incoming administration” and the next SEC chair in an emailed statement to The Block.

theblock.co • 22/11/2024 - 16:18 PM

Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant

Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data. Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.

theblock.co • 22/11/2024 - 10:26 AM

2024 ELECTIONS

Donald Trump's media company files trademark application for 'TruthFi', a crypto payments service

The platform would be used for trading digital assets and other payment processing services, according to the filing. The application was filed the same day a report broke that Trump Media & Technology Group was in “advanced talks” to acquire Bakkt.

theblock.co • 21/11/2024 - 20:02 PM

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