Bitcoin price has broken through historical highs.
Written by: Alex Liu, Foresight News
Illustration: Kiet, Foresight News
Note: 'Weekly Hot Searches' statistics are from user search results on Foresight News from last Friday to this Thursday (November 1 to November 7) and have merged case variations of the same concept.
Trump's victory
The Republican presidential candidate 'Trump', favorable to crypto, has secured over half of the electoral votes, locking in this U.S. presidential election victory. Various parties believe that the crypto 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 for reforms after Trump's victory, while 'HashKey' Exchange CEO Livio Weng stated in an interview with Phoenix TV that Trump is the first American president very friendly to cryptocurrencies. During the campaign, Trump promised several measures to support cryptocurrencies, such as including Bitcoin in the national reserves, making the U.S. the world's cryptocurrency capital, and easing regulations.
What long-term impact will Trump's victory have on the market? Recommended reading:
The 'crypto' industry welcomes a new president; how will Trump's return to the White House affect financial markets? Bitcoin greets new market expectations with ATH.
On the first night after the election, cryptocurrency assets officially take off: the increase in cryptocurrency assets reflects the market's expectation of relaxed policies brought about by Trump's election.
Another winner, 'Polymarket'
Trump is not the only winner of this election.
According to DL News, French trader Théo made a large bet on the cryptocurrency prediction market 'Polymarket' that Trump would win a second term, and based on platform data, he will earn at least 48.5 million dollars from this bet.
Polymarket also made headlines during 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's victory, as the Associated Press, Fox News, and NBC have confirmed the election results, meeting its result recognition criteria.
In addition to Polymarket, other assets 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 Little Grass remains undiminished. On one hand, this is due to the wide coverage of 'airdrops' and the wealth effect created; on the other hand, the strong coin price is undoubtedly a reason. After falling from 2 USDT, it rose to 3.2 USDT on November 7, leaving shorts in a difficult situation.
Sui
SUI has performed strongly in this wave of the main upward trend, quickly rebounding above 2.3 USDT and reaching previous highs. What are the latest developments in the ecosystem?
Sui ecosystem lending platform Suilend:
Launch of liquid staking tokens sSUI based on the SpringSui standard. SpringSui is an open-source liquid staking token standard that supports timely unstaking to provide liquidity, thus reducing the risk of decoupling. The official stated that in the future, other teams will be able to deploy LST using the SpringSui standard without permission and free of charge.
Bluefin has listed the Suilend token SEND on the pre-market trading platform.
Suilend announced on X that the PRIME MACHIN NFT community will receive an ecological airdrop of SEND tokens.
The Sui ecosystem domain service SuiNS will launch token NS, with the TGE date set for 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 that they will list NS spot trading pairs.
More hot words delivery
Web3 payment infrastructure company MoonPay announces that it now supports global users outside of the United States to purchase 'BONK' through MoonPay.
CCTV News reports: From the Multilateral Central Bank Digital Currency Bridge Steering Committee, it has been learned that after more than three years of development, the exploratory work of the Multilateral Central Bank Digital Currency Bridge project has been completed, reaching a mature level that can be handed over to participating parties. The currency bridge project will be fully taken over by participating central banks and monetary authorities for continuous development and operation. The Currency Bridge 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 token from the SUI ecosystem project launched on Binance.
Ethereum staking project 'Swell' token SWELL redemption is now open, and airdrops in the form of rSWELL can earn Black Pearls (10 times) and Symbiotic points. Depositing in the Swell L2 pre-release version can earn ecosystem points faster than other assets (15 times).
'Devcon' 2024 will be held from November 12 to November 15, 2024, in Bangkok, Thailand. Devcon is an Ethereum conference aimed at developers, thinkers, and makers, with the mission of bringing decentralized protocols, tools, and culture to people. Previous summits have been held in Berlin, London, Shanghai, Cancun, Prague, Osaka, and Bogota.
Currently, there are 280 peripheral activities; for the conference, see: Devcon 2024 overview of nearly 280 peripheral activities.
