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

2024 ELECTIONS

Former CFTC Chair Chris Giancarlo a top contender for White House 'crypto czar': Fox Business

If Giancarlo secures the position, he would be the first “crypto czar” in the White House. Giancarlo led the U.S. Commodity Futures and Trading Commission from March 2017 to April 2019, where he oversaw the launch of the first bitcoin futures products.

theblock.co • 21/11/2024 - 19:16 PM

The Daily: Gary Gensler to leave SEC on Jan. 20, regulator now 'engaging' on spot Solana ETFs and more

SEC Chair Gary Gensler will step down on Jan. 20, 2025, coinciding with the start of President-elect Donald Trump’s term, according to a statement released by the agency on Thursday. The SEC is now “engaging” with applicants on spot Solana ETFs, Fox News reporter Eleanor Terrett first reported, citing two people familiar with the matter, and confirmed by The Block with a source at one issuer. U.S. spot Bitcoin ETFs surpassed $100 billion in combined assets under management on Wednesday — representing around 5% of bitcoin’s total market cap — driven by the cryptocurrency’s ongoing price rally. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 21/11/2024 - 19:06 PM

SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda

Gary Gensler plans to leave on January 20, 2025, according to a statement released by the agency on Thursday. During his time at the SEC, Gensler led efforts to push for central clearing in Treasury markets, implemented changes on executive pay versus performance and forged on with work to shield investors in crypto markets.

theblock.co • 21/11/2024 - 18:00 PM

2024 ELECTIONS

Trump's team is considering a new White House role focused on crypto policy: Bloomberg

The Trump team is screening candidates to serve in that role, Bloomberg reported on Wednesday. President-elect Trump strongly embraced crypto during election season this past year.

theblock.co • 20/11/2024 - 19:13 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

Analysts at Bernstein named Robinhood the top “crypto deregulation trade” following Donald Trump’s win in the U.S. presidential election. The analysts rate HOOD stock as outperform, raising their price target to $51.

theblock.co • 20/11/2024 - 10:34 AM

Former SEC general counsel Stebbins on Trump's short list to lead the agency as other contenders emerge

Key names, including former SEC Commissioner and Robinhood Chief Legal Officer Dan Gallagher, former SEC Commissioner Paul Atkins and partner at Willkie Farr & Gallagher Robert Stebbins, could all be reportedly tapped to lead the SEC. As of Tuesday morning, a person familiar with SEC chairmanship talks said that Trump’s team had not yet made a decision.

theblock.co • 19/11/2024 - 19:11 PM

2024 ELECTIONS

Trump expected to pick crypto-friendly Howard Lutnick to lead the US Department of Commerce: reports

Donald Trump may appoint Howard Lutnick, a bitcoin supporter, as Secretary of Commerce to enhance economic growth and innovation, according to recent news reports.

theblock.co • 19/11/2024 - 16:37 PM

2024 ELECTIONS

Donald Trump's social media company in talks to buy Bakkt, in latest twist for ICE-founded crypto platform

Donald Trump’s Truth Social is in advanced talks to acquire Bakkt, aiming to strengthen his crypto involvement and adapt Bakkt's business amidst ongoing struggles and transformations.

theblock.co • 18/11/2024 - 21:02 PM

The Daily: Monad begins rolling out testnet, Bernstein's catalysts for a $200,000 bitcoin price and more

The highly-anticipated Ethereum-compatible Layer 1 Monad has begun rolling out its testnet as part of a phased release, a source told The Block. Analysts at Bernstein have outlined the key upcoming catalysts that could propel bitcoin’s price to their cycle target of $200,000 in 2025. Netherlands-based Quantoz Payments has launched MiCA-compliant stablecoins USDQ and EURQ, pegged to the dollar and euro, on the Ethereum blockchain. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/11/2024 - 18:26 PM

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