In this edition of our crypto digest, we cover several key events that could impact the cryptocurrency market and the broader economy. Arthur Hayes, co-founder of BitMEX, recently stated that Donald Trump’s economic policies will lead to the depreciation of the US dollar and a surge in Bitcoin’s price, potentially reaching $1 million. Meanwhile, researchers introduced the STXN solution, which would allow users to cancel transactions on the Ethereum network — a significant step toward enhancing flexibility and security in decentralized finance. From the UK, there are concerns as the government plans to announce new cryptocurrency regulations, fearing that tech and crypto startups could move to the US if Trump wins the election. Additionally, Goldman Sachs has increased its exposure to Bitcoin ETFs by 83%, now holding $710 million in Bitcoin-related assets. Lastly, the lawsuit against Elon Musk over Dogecoin manipulation has been dismissed, with investors opting not to appeal.
Review of the past week:
| November 12, 2024 |
Arthur Hayes stated in a new essay that Trump’s economic policy will lead to the depreciation of the dollar and the growth of BTC to $ 1,000,000. Trump can adopt an economic development model similar to the Chinese one — this will increase the money supply and accelerate economic growth. Read more |
| November 13, 2024 | The researcher presented the “STXN” solution, which will allow users to cancel transactions on the Ethereum network.
The new feature can be implemented in all blockchains compatible with the Ethereum virtual machine. Read more |
| November 14, 2024 | The British government plans to announce a plan to regulate the crypto industry this month – the authorities are afraid that after Trump’s election victory, local IT and crypto startups will move to the United States.
First of all, they want to regulate staking and allow the use of stablecoins. Read more |
| November 15, 2024 | Goldman Sachs Increases Bitcoin ETF Exposure by 83% to Now Hold $710 Million.
Wall Street giant Goldman Sachs has revealed in a new filing with the U.S .Securities and Exchange Commission that it significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs). Read more |
| November 15, 2024 |
The lawsuit against Elon Musk about manipulations with Dogecoin has been terminated — investors refuse to appeal. They are also withdrawing a bid to sanction Musk’s lawyers for allegedly interfering with the appeal, including by demanding payment of their hefty legal fees. Read more |
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FYBIT team
