Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has ‘No Effect’ on Policy

Fed Chair Jerome Powell’s speech later today could shake up markets as he will face questions about the central bank’s outlook on monetary policy and inflation after Donald Trump’s decisive win of the U.S. presidential election.Source

Post-Election Déjà Vu: Bitcoin Spikes to a New Record High, While Ether and Solana Rally Ahead of FOMC

Bitcoin just made a new all-time high, but ether is the real winner here.Source

Here’s How Quickly Gary Gensler Could Lose His SEC Chair Gig Under Trump

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.Source

French Regulator Says It’s ‘Examining’ Polymarket

The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. electionSource

Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.Source

Former FTX CTO Gary Wang Asks Court for No Jail Time

Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion.Source

Trump Family-Backed Crypto Project Makes $1M Gain in ETH Following Tame Token Sale

World Liberty Financial, the decentralized finance (DeFi) project backed by the family of U.S. presidential elect Donald Trump, has made $1 million in unrealized gains following a muted token sale last month.Source

UK Lords Echo Support for Digital Assets Property Bill

Source

Ether, Touted as Internet Bond, May Top $3K on Fed Rate Cut, Outperform Bitcoin: Omkar Godbole

Elevated interest rates in the U.S. have dented ether’s appeal as the internet equivalent of a bond, offering a fixed-income-like return on staking.Source

Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams

The new dashboard by Dune reveals funds lost in over 5,500 blockchain-based scams, exploits, and attacks.Source