WuBlockchain Weekly: Bitcoin Hits New High on Trump Election Win, Bitcoin ETF Inflows Reach All-Time High, SEC Chair Nominee Announced, Federal Reserve Cuts Rates by 25 bps, etc
1. Trump Elected 47th President of the United States link On Wednesday, Donald Trump effectively secured his position as the 47th President of the United States, clinching the necessary 270 electoral votes with a victory in Wisconsin. CCTV-2’s Economic News broadcast reported that “Bitcoin’s price has surged to an all-time high, reaching $75,000 with an increase of over 8%.” The report noted that Trump previously pledged to make the U.S. the global capital for Bitcoin and cryptocurrency and to establish a strategic Bitcoin reserve. Rune Christensen, founder of Sky (formerly MakerDAO), commented on social media that Trump’s win could catalyze a genuine, sustained revival of DeFi, with user numbers potentially increasing tenfold, as DeFi stands to benefit the most from reduced regulatory uncertainty in the U.S. compared to other areas of the crypto sector. 2. Trump’s Team Considers Robinhood’s Chief Legal Officer, Dan Gallagher, for SEC Chair link On Friday, Reuters reported that Donald ...