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Today's Top Crypto Headlines:
Trump's Has Won | OpenSea December Revamp | Whales Win Big on Trump Bets and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Trump's Has Won: Donald Trump has won his second term as U.S. President, securing key swing states and benefiting from a Republican-majority Senate.
OpenSea December Revamp: OpenSea has announced a major December upgrade that has the NFT community eagerly speculating. Rumored features include SocialFi tools that integrate social and financial elements, multi-chain support, co-ownership options, and potential airdrops.
🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “CAMELS ($CAMELS) Telegram Airdrop Guide” to learn more on how to qualify and participate in the CAMELS ($CAMELS) Telegram airdrop!
💡Feature of the Day - Whales Win Big on Trump Bets: Crypto whales on Polymarket, a decentralized prediction platform, have collectively won $81 million by betting on Trump's reelection. One top winner is set to earn over $20 million.
All this and more in today’s headlines!
📰 News Highlights:
Donald Trump has won his second term as U.S. President, backed by key swing states and a Republican-majority Senate.
This political shift could redefine the future of digital asset regulations. While Trump has been vocal about his concerns regarding Bitcoin, his latest campaign hinted at a more favorable view of the broader crypto industry.
Btc just spiked 4% in a heartbeat.. this is one of the things im watching today for mkt reaction to election (a la the peso in 2016)
— Eric Balchunas (@EricBalchunas)
2:39 PM • Nov 5, 2024
Analysts are optimistic that his administration could accelerate pivotal legislation, like the FIT21 Act, which aims to clarify the roles of the SEC and CFTC.
If you think btc is *not* a good indicator to watch today let me know why.. IMO it seems like a clean indicator, since it was an issue in campaign, stocks and bonds less so, but i'm open to other ideas on this
— Eric Balchunas (@EricBalchunas)
2:55 PM • Nov 5, 2024
Global economic policies and "America First" initiatives might clash with the decentralized ethos of cryptocurrencies.
Investors are cautiously hopeful, but they know Trump’s policies could either drive innovation or impose stringent new rules.
OpenSea has announced a major revamp set for December, hinting at an "unprecedented transformation" that has the NFT community buzzing.
We've been quietly cooking at @opensea
To really innovate, sometimes you have to take a step back and reimagine everything
So we built a new OpenSea from the ground up
Sails up in December ⛵️
— Devin Finzer (dfinzer.eth) (@dfinzer)
3:42 PM • Nov 4, 2024
Speculations are running wild about possible features, such as SocialFi tools that blend social interaction with financial incentives or multi-chain integrations that expand marketplace accessibility.
A new OpenSea is coming. December 2024.
opensea.io/waitlist
— OpenSea (@opensea)
3:40 PM • Nov 4, 2024
There are even whispers of co-ownership options and potential airdrops, making the upgrade highly anticipated.
OpenSea announced its 2.0 version is coming in December. There's already like 250,000 people on the waitlist.
That's some serious hype! 🤩
Why? Perhaps people are expecting an airdrop? 🪂
Trading volume on OpenSea pumped 62% in the past 24 hours. Reaching $5.15 million.… x.com/i/web/status/1…
— nederob.eth 📡 Ro₿ert Hoogendoorn (@Nederob)
8:20 AM • Nov 5, 2024
🪂Airdrop Essentials🎁:
CAMELS, a community-driven memecoin on Telegram, has launched a fun airdrop campaign where you can earn free $CAMELS tokens.
Complete simple tasks like daily quests or inviting friends to boost your rewards. The more you engage, the more you earn!
Check out our full guide to get started and maximize your airdrop.
💡 Feature of the Day:
Polymarket's decentralized prediction platform has witnessed a massive $81 million payout to crypto whales who bet on Donald Trump’s reelection.
Congratulations to @realDonaldTrump!
And congratulations to the whales who bet on #Trump!
"Theo4" makes a profit of $20.4M!
"Fredi9999" makes a profit of $15.6M!
"zxgngl" makes a profit of $11M!
— Lookonchain (@lookonchain)
7:05 AM • Nov 6, 2024
In the lead-up to Election Day, these high-stakes bettors controlled over 50% of the “Trump Yes” shares, with the top winner alone set to make over $20 million.
This event has spotlighted the potential—and risks—of blockchain-based prediction markets, which continue to operate outside traditional betting regulations.
The ownership of Trump and Kamala shares on Polymarket have REALLY different make-ups, strangely reminiscent of their economic policies.
Thanks to @primo_data and Polymarketanalytics for the charts.
Trump Yes shares are very highly concentrated. 5 fat cat accounts own 50% of… x.com/i/web/status/1…
— Domer (@Domahhhh)
2:51 AM • Oct 31, 2024
While some hail this as a democratization of financial speculation, others raise ethical concerns about gambling on political outcomes.
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😂 Crypto Meme of the Day:
Let that sink in
— Elon Musk (@elonmusk)
5:35 AM • Nov 6, 2024
And that’s it for this today.
Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com