NiftyNoon: Can Donald Trump Save Ethereum? 🔷📈

Ethereum gained some ground relative to other large cryptocurrencies on the tailwinds of Trump’s 2024 election victory in a trend that likely could continue (November 8, 2024)

Highlighted News:

• Ethereum spot ETFs saw the highest inflows since Sept. 27 with $52.3M yesterday:

  

  https://x.com/Cointelegraph/status/1854433607810711981

• What Polymarket got Right that the Experts Got Wrong:

  

  https://x.com/hosseeb/status/1854154029796073814

• cbBTC hit $1B today, just 9 weeks after launch:

  

  https://x.com/coinbase/status/1854320728071414121?s=46

• cbBTC is live on @solana:

  

  https://x.com/coinbase/status/1854570363046576566?s=46

Project and Community News:

• Federal Reserve cuts interest rates by 25bps: https://x.com/WatcherGuru/status/1854599744850739260

• Bitcoin ETFs bought $621 MILLION worth of BTC yesterday: https://x.com/bitcoinmagazine/status/1854458938806116551?s=46

• Senator Lummis has put forward a bill for the U.S. Govt to buy 200,000 #Bitcoin per year over 5 years for a total of 1,000,000 $BTC: https://x.com/BTC_Archive/status/1854269562734166169

• Trump owns more $ETH than $BTC: https://x.com/adrianoferia/status/1854171028248752474?s=46

• France moves to ban crypto betting platform Polymarket after a French trader made $48M on Trump victory, calling it illegal gambling: https://x.com/cointelegraph/status/1854506616327905707?s=46

• SEC seeks to dismiss Kraken’s key defenses, challenging its claims of regulatory overreach amid ongoing lawsuit: https://x.com/cointelegraph/status/1854498688569159933?s=46

• @ethPandaOps just launched a short-lived Pectra testnet - Mekong: https://x.com/timbeiko/status/1854438854549262691?s=46

• The meme runner of the night was SMR: https://x.com/tyler_did_it/status/1854499249834045456?s=46

• @SatRepublic has raised $2.75M in funding as we prepare for the launch of

  @SatGoBTC: https://x.com/SatRepublic/status/1854585967782269198

• Introducing the Chain Abstraction Framework, powered by @NEARProtocol and Socket: https://x.com/SocketProtocol/status/1854556829176807878

• $SWELL claims are open: https://x.com/swellnetworkio/status/1854449625606001044?s=46

• Migration has concluded with 92% BRC20 @PupsToken moving to Runes: https://x.com/PupsToken/status/1854224335675769162

• ICYMI - Robinhood Crypto has been making moves: https://x.com/robinhoodcrypto/status/1854169370634736113?s=46

• @pumpdotfun introducing tips for devs: https://x.com/pumpdotfun/status/1854262345557823860?s=46

• @phantom joined forces with @jito_sol to make liquid staking even more rewarding: https://x.com/phantom/status/1854208422738317601?s=46

• You’ll soon be able to seamlessly trade all of your favorite Sei NFTs all in one place, only on Magic Eden: https://x.com/MagicEden/status/1854601188660199424

• The First, Ever, Bitcoin MMORPG is now live on @EpicGames: https://x.com/btcordinal/status/1854384176104915189

• Venmo deposits are now live! Powered by @moonpay: https://x.com/usemoonshot/status/1854596153842487300

Quick Stats:

• 👾 Blur ETH Daily Volume: 993 ETH (▲ 14.14%)

• 🌊 OpenSea ETH Daily Volume: 436 ETH (▲ 10.36%)

• 🟠 BTC : $76,359.91 (▲ 0.78%)

• 🔷 ETH: $2,930.64 (▲ 3.37%)

• 🟣 Solana: $200.17 (▲ 4.24%)

• 🟪 Polygon: $0.39 (▲ 14.80%)

Top NFT Sales:

• Bitcoin Shrooms #S-Shroom: 1.87 BTC

• CryptoPunks #5668: 42.00 ETH

• CryptoPunks #6238: 38.88 ETH

NFT Daily Winners:

• ⛩ Azuki: 5.10 ETH (▲ 3.03%)

• 👩🏻 Milady Maker: 4.53 ETH (▲ 2.84%)

• 🚬 CryptoPunks: 26.49 ETH (▲ 2.26%)

• 🏴‍☠ Captainz: 2.30 ETH (▲ 0.87%)

• 🏳‍🌈 Chromie Squiggles: 2.92 ETH (► 0.00%)

NFT Daily Losers:

• 🍭 Mocaverse: 1.20 ETH (▼ 0.11%)

• 🐧 Pudgy Penguins: 8.35 ETH (▼ 0.60%)

• 😡 Mad Lads: 31.00 SOL (▼ 0.78%)

• 👾 Tensorians: 5.74 SOL (▼ 1.22%)

• 🦧 Bored Ape Yacht Club: 10.70 ETH (▼ 2.74%)

• 🐵 NodeMonkes: 0.12 BTC (▼ 4.07%)

• 🧦 Bitcoin Puppets: 0.14 BTC (▼ 4.88%)

• 💼 Ordinal Maxi Biz: 0.15 BTC (▼ 5.19%)

• 🐱 Quantum Cats: 0.20 BTC (▼ 5.48%)

Notes:

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• Managed by @AxuETH, @Miinted, @drethernik, @SpeedyGonzale87 and @SSPxLEO