Bitcoin prices have broken historical highs.
Written by: Alex Liu, Foresight News
Illustration: Kiet, Foresight News
Note: 'Weekly Hot Searches' statistics are compiled from user search results on Foresight News from last Friday to this Thursday (November 1 to November 7), with case variations of the same concepts merged.
'Trump' wins the election
The Republican presidential candidate 'Trump', who is favorable to cryptocurrency, has secured more than half of the electoral votes, locking in the victory for this U.S. presidential election. Various parties believe that the cryptocurrency industry will welcome a favorable regulatory environment:
FoxBusiness reporter Eleanor Terrett stated that in fact, the first 'crypto president' will be Trump. 'Coinbase' Chief Legal Officer Paul Grewal urged the SEC to reform following Trump's victory, while 'HashKey' Exchange CEO Livio Weng stated in an interview with Phoenix TV that Trump is the first U.S. president to be very friendly towards cryptocurrency. During the campaign, Trump promised several measures to support cryptocurrency, such as incorporating Bitcoin into national reserves, making the U.S. the world's cryptocurrency capital, and easing regulations.
What long-term impacts will Trump's victory have on the market? Recommended reading:
'Cryptocurrency' industry welcomes a new president; how will Trump, returning to the White House, affect the financial markets? Bitcoin greets new market expectations with an ATH.
The first night after the election, crypto assets officially took off: the rise in crypto assets reflects the market's expectations of relaxed policies brought by Trump's election.
Another winner, 'Polymarket'
Trump is not the only winner of this election.
According to DL News, French trader Théo placed a large bet on Polymarket that Trump would win a second term; based on platform data, he is expected to earn at least $48.5 million from this bet.
Polymarket also shone in this election event—confirming the final winner of the election hours ahead of mainstream media (through market prices). Polymarket has confirmed its election prediction market results as Trump winning, as AP, Fox News, and NBC have all confirmed the election result (call the election), meeting their result identification criteria.
In addition to Polymarket, other items related to Trump's victory include 'Doge' (Musk fully supports Trump) and AAVE (a cryptocurrency project built by the Trump family).
Grass
The popularity of 'Grass' remains strong. On one hand, the wide coverage of 'airdrop' has created a wealth effect; on the other hand, the strong coin prices play a significant role. After dropping to 2 USDT, it once rose to 3.2 USDT on November 7, leaving the bears with nothing to say.
Sui
SUI has remained strong during this wave of upward movement, rebounding above 2.3 USDT early on and reaching previous highs. What are the latest developments in the ecosystem?
Sui ecosystem lending platform Suilend:
Launched a liquid staking token sSUI based on the SpringSui standard. SpringSui is an open-source liquid staking token standard that supports timely unstaking to provide liquidity, thereby reducing decoupling risks. The official statement indicates that other teams will be able to use the SpringSui standard for permissionless and free deployment of LST in the future.
Bluefin has launched the Suilend token SEND on the premarket trading market.
Suilend announced on X that the PRIME MACHIN NFT community will receive airdrops of the SEND token.
The Sui ecosystem domain service SuiNS will launch the token NS, with a TGE date of November 14. The total supply of token NS is 500 million, with 57% allocated to the community and foundation treasury, 10% for community airdrops, 28% for core contributors, and 5% for governance rewards. Exchanges like Bybit have announced the launch of NS spot trading pairs.
More trending words delivered
Web3 payment infrastructure company MoonPay has announced that global users outside the U.S. can now purchase 'BONK' through MoonPay.
CCTV News reported: According to the Multilateral Central Bank Digital Currency Bridge Steering Committee, after more than three years of development, the preliminary exploratory work of the multilateral central bank digital currency bridge project has been completed, reaching a mature level that can be handed over to the participating parties. The currency bridge project will be fully taken over by the participating central banks and monetary authorities for ongoing development and operation. The steering committee currently consists of the Hong Kong Innovation Center of the Bank for International Settlements, the Bank of Thailand, the Digital Currency Research Institute of the People's Bank of China, the Central Bank of the UAE, and the Hong Kong Monetary Authority.
Binance has listed Cow Protocol 'COW' and Cetus Protocol (CETUS). Notably, CETUS is the first SUI ecosystem project token listed on Binance.
Ethereum staking project 'Swell' token SWELL is now open for claiming, with airdrops in the form of rSWELL that can earn Black Pearls (10x) and Symbiotic points. Depositing into the Swell L2 pre-release version can earn ecosystem points faster than other assets (15x).
'Devcon' 2024 will be held in Bangkok, Thailand from November 12 to November 15, 2024. Devcon is an Ethereum conference aimed at developers, thinkers, and makers, with a mission to bring decentralized protocols, tools, and culture to people, having previously held summits in Berlin, London, Shanghai, Cancun, Prague, Osaka, and Bogotá.
Currently, there are 280 peripheral activities. For running meetings, please see: Devcon 2024's overview of nearly 280 peripheral activities.
