Crypto

DOGE’s price has surged 78% since Trump’s election win a week ago.

Crypto prices continue melting upwards since Donald Trump’s election victory as investors reprice digital assets in anticipation of a friendlier government.

Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.

The Series B funding round was led by DRW VC, with participation from funds managed by Apollo, Nextblock, ParaFi Capital, and Wintermute.

Michael Saylor’s company surpassed its lofty dotcom bubble highs, now holding over $24 billion worth of BTC in its treasury.

A Republican sweep is the best result for the digital assets sector and could bring regulatory and other positive changes, the report said.

The fourth largest crypto could potentially reach its 2021 record high of $260 in the coming days given its relative strength through crypto’s eight-month long consolidation phase, one analyst noted.

Cardano’s ADA, Polygon’s POL advanced 15% as the broad-market CoinDesk 20 Index outperformed BTC.

WonderFi CEO was forced into a vehicle but released after a ransom was paid.

With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.