After Trump takes office, U.S. inflation may rise rapidly, and the Federal Reserve will change its interest rate cut plans.
Author: Deep Tide TechFlow
Market Dynamics Yesterday
Trump wins election, becomes the 47th President of the United States
According to the Associated Press, Trump has been elected as the 47th President of the United States.
Yesterday's On-chain Fund Flow: Solana net inflow of $13.3 million, Ethereum net outflow of $34.3 million
On November 6, according to Artemis data, Solana had a net inflow of $13.3 million, Base had a net inflow of $8.8 million, Sui had a net inflow of $5.5 million, Arbitrum had a net inflow of $4.1 million, Polygon had a net inflow of $3.2 million, while Ethereum had a net outflow of $34.3 million.
Trump made 11 commitments regarding cryptocurrency, including firing the current SEC chairman and establishing a "national Bitcoin reserve"
Spot On Chain summarized Trump's 11 commitments regarding cryptocurrency on the X platform:
1/ Fire U.S. SEC Chairman Gary Gensler on the first day in office
2/ Establish a "national Bitcoin reserve"
3/ Make the U.S. the "world capital of Bitcoin and cryptocurrency"
4/ Retain 100% of the 203,650 BTC (worth $14.95 billion) currently held by the U.S. government
5/ Eliminate capital gains tax on Bitcoin
6/ Support U.S. Bitcoin mining
7/ End regulatory crackdowns ("anti-cryptocurrency movement")
8/ Establish a "Bitcoin and cryptocurrency presidential advisory council"
9/ Protect the right to self-custody digital assets
10/ Refuse to issue a CBDC
11/ Grant clemency to Ross Ulbricht, the founder of Silk Road, who is serving two life sentences.
Analysts: U.S. inflation may rise rapidly after Trump takes office, and the Federal Reserve will change its interest rate cut plans
According to Jinshi, analysts from the Edmond de Rothschild Group stated in a report that under Trump's leadership, U.S. inflation may rise rapidly. The risks of trade tariffs and the threat of deporting undocumented immigrant workers could drive up the U.S. inflation rate. These factors may challenge the Federal Reserve's efforts to curb inflation. They stated, "As the impact of Trump's plans on inflation becomes clearer, the Federal Reserve may partially abandon its expected 100 basis point interest rate cut plan in its latest report."
Alliance Games completes $5 million Series A financing, now online on the Telegram platform with Alliance Micro Node
Alliance Games, a decentralized AI infrastructure designed for gaming, announced the completion of a $5 million Series A financing, led by Animoca Brands and Asymm Ventures, bringing the total financing amount to $8 million.
Additionally, Alliance Micro Node is now online, a lightweight AI interaction node deployed on Telegram that enhances AI response speed and improves efficiency through a smart reward mechanism. Users can participate in the operation of Micro Node at no cost to earn project token rewards and have a chance to win USDT rewards through a lottery.
Alliance Games is committed to building decentralized AI infrastructure designed specifically for gaming, utilizing distributed computing power to allow various developers access to advanced AI tools, thereby unleashing creative potential, while players can enjoy an unprecedented interactive experience.
Binance has listed COW and CETUS and applied seed tags
According to an official announcement, Binance announced that it will list Cow Protocol (COW) and Cetus Protocol (CETUS) tokens on November 6 at 20:00 (UTC+8). The new spot trading pairs include COW/USDT and CETUS/USDT, with users able to start deposits 2 hours in advance. Withdrawal functions will be available on November 7 at 20:00 (UTC+8).
Stablecoin protocol Usual completes $1.5 million community financing, with Breed Syndicate and others participating
According to official news, the stablecoin protocol Usual has completed $1.5 million in community financing, with participation from The Echonomist, Breed Syndicate, and Comfy Capital.
It is reported that Usual is a stablecoin protocol that has launched USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network.
VanEck research director: ETH is currently oversold, speculative funds may return to the market
Matthew Sigel, the head of digital asset research at VanEck, expressed his views on the ETH market during a panel discussion. Sigel stated, "I think ETH is currently oversold… speculative activity will return to this market, and I don't think it will ignore Ethereum."
Avalanche Foundation has repurchased $52 million in AVAX
According to The Block, the Avalanche Foundation announced that it has completed the repurchase of approximately $52 million worth of AVAX tokens from the Luna Foundation Guard (LFG), marking the end of its relationship with the now-defunct Terra ecosystem. The bankruptcy court recently approved this repurchase transaction.
It is reported that the Avalanche Foundation repurchased 1.97 million AVAX tokens. These tokens originated from a strategic partnership between Avalanche and Terra at the beginning of 2022, during which both parties conducted a token swap totaling $300 million.
Musk's wealth increased by $20.9 billion in one day, firmly holding the title of the world's richest person
According to Jinshi data, after Trump, supported by Musk, won the U.S. presidential election, Tesla (TSLA.O) rose 14.75% on Wednesday U.S. time. Forbes' billionaire list shows that Tesla's surge led to a one-day increase of $20.9 billion in the wealth of its founder and CEO, Musk, bringing his total assets to $285.6 billion, far exceeding Jeff Bezos, who ranks second on the global billionaire list.
Market Dynamics
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