The Conservative Party has elected Kemi Badenoch as their new leader after a four-month debate following the resignation of former head Rishi Sunak. While the party is known for being pro-crypto, Badenoch has not been very vocal on the topic. Bitwise CIO Matt Hougan believes that the UnmuteCrypto movement has already won the election, while short-term holders panic amid Bitcoin's drop and the SEC goes after Immutable. Mega ETF inflows and Bitcoin wallet activity signal further bullishness. Robinhood's next steps after Q3 earnings are also being closely watched.

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