Happy Thursday! In today's newsletter, BlackRock's IBIT sees record-breaking daily trading volume following the U.S. elections, bitcoin is set to benefit from Donald Trump's presidency, CZ reportedly received offers for his controlling stake in Binance and more.
Meanwhile, we take a look at what's next for the crypto industry following Trump's election victory.
Let's get started.
BlackRock's spot bitcoin ETF, IBIT, recorded its largest daily trading volume of $4.1 billion after U.S. Election Day, which saw pro-crypto Republican candidate Donald Trump reclaim the White House.
JPMorgan analysts expect bitcoin to benefit from Donald Trump's second term as President, in what they described as the "debasement trade."
Former Binance CEO Changpeng "CZ" Zhao has received offers for his controlling stake in the crypto exchange but did not disclose if he plans to sell the shares or to whom, Bloomberg reported.
Coinbase's bitcoin premium has turned positive for the first time in weeks, signaling renewed demand from U.S. investors, according to an analyst.
A pseudonymous French Polymarket whale, known as "Théo" or "Fredi9999," made at least an estimated $79 million in profit from U.S. election bets, mainly wagering on a Donald Trump victory, according to Chainalysis.
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