The Block
Pump.fun has recorded a new monthly all-time high in revenue generated with $30.5 million.The following is an excerpt from The Block’s Data and Insights newsletter.
Reaction from the crypto community to Donald Trump’s win in the U.S. presidential election was largely positive.However, those within the industry are eager for him to fulfill promises made during the campaign, including freeing Ross Ulbricht and firing SEC Chair Gary Gensler.
In premarket trading, Coinbase and MicroStrategy saw significant gains while broader market futures surged in response to Donald Trump’s U.S. election victory.QCP Capital analysts noted that bitcoin has historically experienced sustained rallies following U.S. elections, with prices consistently reaching new highs. They expect this bullish momentum to continue into 2025.
DeFi tokens like Aave and Uniswap saw substantial gains following Donald Trump’s victory in the U.S. election.Positive speculation around Aave’s price may be linked to its “partnering” with the Trump-linked World Liberty Financial project.
Polymarket has resolved its U.S. presidential election market after major news organizations called it for Trump.U.S. presidential election bets on Polymarket reached more than $3 billion in trading volume ahead of the election.
Quick Take Indodax said it has identified security issues on its platform, with PeckShield estimating the losses could amount to $15.7 million. Indodax added that it is conducting maintenance, and its website and app are currently inaccessible.
Quick Take Harris and Trump are now tied with 49% chances of winning the election on Polymarket’s $860 million prediction market. Harris’ odds of winning the debate according to polls stood at 94% on Polymarket. Bitcoin rose above $58,000 briefly before the debate but fell to lows of $56,700 during the televised debate.
Quick Take The first presidential debate between Donald Trump and Kamala Harris ended without mentioning crypto. Cryptocurrency, however, remains a major topic in the upcoming U.S. election.
Quick Take Stablecoin volumes have more than doubled from $650 billion at the start of the year. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Lawmakers on the House Financial Services’ digital assets-focused subcommittee continued to hash out how to regulate DeFi during a hearing on Tuesday. Rep. Maxine Waters, ranking Democrat of the House Financial Services Committee, criticized the Donald Trump-backed crypto project, World Liberty Financial, during the hearing.
