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- 🌙 Fed Cuts Rates by 25 Basis Points
🌙 Fed Cuts Rates by 25 Basis Points
Bitcoin Price at Record as Powell Says Trump Win Has 'No Effect' on Policy
Mike Gavela
November 07, 2024
Crypto Roundup - November 6
Following President Trump’s recent election victory, the financial landscape is witnessing significant developments. The Federal Reserve has cut interest rates by 25 basis points, coinciding with Bitcoin’s price surge to new record highs. Anticipation builds for Fed Chair Jerome Powell’s first speech since Trump’s win. Meanwhile, Senator Cynthia Lummis has announced the formation of a strategic U.S. Bitcoin reserve, aimed at fortifying the nation's financial resilience. On a related front, former FTX executive Gary Wang is reportedly working on a crypto fraud detection initiative, a project emerging in response to heightened regulatory scrutiny in the crypto sector.
Top Stories
Fed cuts rates by 25 basis points, boosting Bitcoin's market performance.
Senator Cynthia Lummis unveils plans for a U.S. Bitcoin reserve for strategic financial security.
Former FTX insider Gary Wang is developing a crypto fraud detector amid rising regulatory pressures.
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TOP STORIES
FUNDRAISING
Prosper x Waterdrip Capital
Prosper is pleased to announce that @waterdripfund has made an investment in its native token $PROS, representing further validation and institutional support of the project's new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem.… x.com/i/web/status/1…
— Prosper (@prosperfi_xyz)
7:27 AM • Nov 6, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
1/ quick rip on why @Polymarket matters and why the future of information is markets
markets are efficient at pricing information. if you have information or insight that others don't, there's a huge opportunity to generate alpha. alpha generation requires information edge.
— Meltem Demirors (@Melt_Dem)
8:31 PM • Nov 7, 2024
Non-Consensus:
Got a 2x bagger in $APP in 6 months
Why? The trifecta:
1) Multiple expansion
2) Earnings Growth
3) Variant Perception
This Non-Consensus framework runs rent free in my mind.
I usually have no idea price target per se but a clear sense of upside vs… x.com/i/web/status/1…
— Ram Ahluwalia CFA, Lumida (@ramahluwalia)
11:03 PM • Nov 7, 2024
She would be the best choice. Smart, fair, professional. Can work with both sides.
— Brian Armstrong (@brian_armstrong)
4:27 PM • Nov 7, 2024
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