Elon Musk’s net worth soars over $20 billion after Trump win
The world’s richest man just got richer following Donald Trump’s presidential election victory
Billionaire entrepreneur and Tesla CEO Elon Musk’s net worth surged a whopping $20 billion following Donald Trump’s presidential election victory in the United States.

Musk, who was one of Trump’s biggest financial backers, saw his net worth rise by more than 7.5% in one day, bringing it to $285.6 billion, reported Forbes.

Additionally, Tesla’s stock (TSLA) closed up almost 15% on Wednesday, reaching $286.74 in after-hours trading — the highest share price recorded since September 2022, according to Google Finance.

Musk was quick to celebrate Trump’s victory, even before the election was called in the former president’s favor.

In a post on his social media platform X on Nov. 6, the Space X CEO said that Trump had been given a “crystal clear mandate for change.”

“The people of America have spoken and spoken with absolute clarity,” he said in a separate post on Nov. 7 after the US Department of Justice dropped their cases against Donald Trump after accusing him of fraud and conspiring to illegally overturn the 2020 election.

Musk, who rallied with Trump in Pennsylvania, had a lot at stake in this election, having donated at least $119 million to a super PAC supporting the former president, according to The New York Times.
Elon Musk with the Trump family. Source: Kai Trump

Elon Musk was not the only billionaire who got richer following Trump’s victory.

Jeff Bezos, the world’s second wealthiest person behind Musk, saw his net worth climb $7 billion to $223.5 billion after Amazon shares (AMZN) climbed 3.8% to an all-time high of $207 by the end of trading on Wednesday.

Coinbase CEO Brian Armstrong also had a good day with an increase of $2.6 billion, bringing his net worth to around $11 billion as company stock (COIN) surged a whopping 31% on Nov. 6.

MicroStrategy founder and Bitcoiner Michael Saylor became almost $600 million better off as his estimated net worth climbed to $6.6 billion following a rise in company stock as MSTR gained 13%, equalling its yearly high of $258.

Meanwhile, the Elon Musk hyped memecoin, Dogecoin
DOGE
tickers down
$0.1898
, surged a whopping 40% following the election results as it reached $0.21, its highest price since April.

Trump-themed memecoins did not enjoy the same momentum as most of them have tanked more than 50% over the past 24 hours.
#Business #Trump47thPresident #ElonMuskUpdates #NovemberMarketAnalysis #DOGSONBINANCE

In the seismic shifts occurring within the realm of finance, cryptocurrency stands as a disruptor, challenging and reshaping traditional business models. This exploration delves into the profound impact of cryptocurrency on businesses worldwide, unraveling the ways in which this digital revolution is unleashing new opportunities and transforming established paradigms.
Decentralization and Autonomy: Redefining Business Structures
Cryptocurrency, built on decentralized blockchain technology, challenges the conventional hierarchical structures of businesses. Explore how this decentralization fosters autonomy, eliminates middlemen, and empowers businesses to operate on transparent, trustless networks, fundamentally altering the dynamics of organizational governance.
Tokenization: Unlocking Liquidity in Business Assets
The advent of tokenization introduces a groundbreaking concept—representing real-world assets as digital tokens on the blockchain. Dive into how businesses leverage tokenization to unlock liquidity in traditionally illiquid assets, allowing for fractional ownership and facilitating seamless transactions on a global scale.
Smart Contracts: Revolutionizing Business Agreements
Smart contracts, self-executing contracts with coded terms on blockchain platforms, are revolutionizing the way business agreements are executed. Understand how these automated contracts streamline processes, reduce costs, and enhance trust by ensuring the transparent and tamper-proof execution of contractual obligations.
Cryptocurrency Payments: A Borderless Financial Landscape
The adoption of cryptocurrency payments by businesses transcends geographical boundaries. Explore the advantages of borderless transactions, reduced fees, and increased financial inclusivity. Witness how businesses embracing cryptocurrency payments gain a competitive edge in a globalized and digitally connected economy.
Security and Transparency: Fortifying Business Integrity
Cryptocurrency's underlying technology, blockchain, introduces a new paradigm of security and transparency. Investigate how businesses utilize blockchain to secure transactions, trace supply chains, and enhance data integrity. Witness the transformation of business operations through the implementation of immutable and transparent distributed ledgers.
Regulatory Challenges: Navigating the Cryptocurrency Landscape
As businesses integrate cryptocurrency, they navigate a complex regulatory landscape. Examine the challenges and opportunities arising from evolving regulatory frameworks. Understand how businesses strike a balance between compliance and innovation, paving the way for responsible and sustainable cryptocurrency adoption.
Financial Inclusion: Empowering the Unbanked
Cryptocurrency serves as a catalyst for financial inclusion, offering access to financial services for the unbanked and underbanked populations globally. Delve into the social impact of cryptocurrency in providing economic opportunities, empowering marginalized communities, and fostering a more inclusive global economy.
Future Business Models: Innovations on the Horizon
Peer into the future of business unleashed by cryptocurrency. Explore emerging business models, from decentralized autonomous organizations (DAOs) to innovative fundraising mechanisms like Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). Witness how businesses are embracing the ethos of decentralization to drive innovation and sustainability.
Conclusion: Embracing the Crypto-Powered Business Era
As cryptocurrency continues to redefine traditional business models, we stand at the threshold of a new era—an era where decentralization, transparency, and innovation are the cornerstones of business success. Embrace the opportunities, navigate the challenges, and witness the business landscape unleashed by the transformative power of cryptocurrency. The future is decentralized, and the possibilities are limitless.
#CryptocurrencyIntegration #BinanceSquareCreatorAwards #Business #BusinessModels #BTC

Hashdex withdrew its application for a spot Ether exchange-traded fund on May 24, a day after the SEC gave eight similar financial products the green light.

Investment manager Hashdex has withdrawn its application for a spot Ether exchange-traded fund (ETF), according to documents filed with the United States Securities and Exchange Commission (SEC).
A filing from May 28 reveals that Hashdex pulled its application for a proposed rule change that would allow the debut of its Hashdex Nasdaq Ethereum ETF. The proposal was taken down on May 24, just a day after eight similar financial products were approved by the financial watchdog.
There are no details on the reasons for the move or whether Hashdex will resubmit its proposal. Cointelegraph reached out to Hashdex but did not receive an immediate response.

On May 23, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise—clearing the way for spot Ether ETFs to be listed and traded on their respective exchanges. The funds are expected to launch in June. 
Unlike other applicants, Hashdex’s application for a spot Ether ETF combined spot Ether holdings with Ether futures contracts on the same product, seeking to mitigate potential manipulation.
Other applicants, such as Fidelity, ARK 21Shares, and Franklin Templeton, have focused on purely spot-based Ether ETFs with late amendments to their filings, such as removing support for Ether
ETH$3,765
staking in response to SEC feedback.

In addition, Hashdex’s ETF sought to mirror daily fluctuations in the Nasdaq Ether Reference Price to address regulatory concerns about market manipulation. According to its initial filing from September 2023:
“Instead of holding 100% spot Ether, which could make it more susceptible to price manipulation in the spot market, the Fund will hold a mix of Spot Ether, Ether Futures Contracts, and cash.”
Hashdex is among the issuers of spot Bitcoin ETFs approved in January. Similarly, the company’s BTC fund used an alternative strategy from other asset managers. For instance, Hashdex’s Bitcoin ETF did not depend on the Coinbase surveillance sharing agreement, opting instead to source spot BTC from physical exchanges within the CME market.
Magazine: Godzilla vs. Kong: SEC faces fierce battle against crypto’s legal firepower

#Business #etherreum #EthereumETF #Binance #regulation

Don't invest all money in one place .

I will give idea for Rs. 50K

Buy two road side pop corn machine .

Hire two people ( people between an age of 18–25 ) coz labour cost is less when compared to experience person)

Material cost

Each Machine cost — 18 K– 25 K ( one time investment , you can resell this also in olx or someother website also while quitting this business )

Corn - 10 Kg ( wholesale ) — Rs 300 – 400

Spices for 10 Kg of corn — Rs. 200

Plastic cover cost — 100 covers — rs. 20

For 1 Kg of corn you make 70–80 packet.

You can sell each package at Rs.10

—————————————

Working time Evening 6 pm to 10 pm ~ 4 hrs per day

Now comes to labour cost — ( fixed salary 200 per day for first 2 month , third month onwards 300 per day )

Now comes to variable pay — you have pay extra 50 paisa per packet he sell )

If he sell 500 pack per day you have to pay him

200 fixed salary + 250 variable pay — per day 450

It will motivate your employee.

__________________

So, if your employee sell 1 Kg in 1 hour , you will earn approximately 750 .

After reducing labor cost , material cost, battery recharge cost , and all

Your gain is Rs. 600 per kg.

If you sell 10 kg per day you will earn 6000 per day ( coz you have two machines and two employees)

Per month 180000 ( one lakh eighty thousand per month )

#GOATMoments #Business

Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.

newly surfaced video appears to show the harsh treatment of a Binance executive imprisoned in Nigeria, fueling widespread calls for his release as his health continues to deteriorate.

Tigran Gambaryan, Binance’s head of crime compliance, appeared in court after his trial date was brought forward to Sept. 2. Shortly after his court appearance, a disturbing video emerged, prompting Binance CEO Richard Teng to demand Gambaryan’s immediate release.

Sharing the video, Teng wrote in a Sept. 3 X post:

“This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family.”The video has renewed calls for Gambaryan’s release. He has been detained for more than six months, raising concerns about his access to legal representation and medical care.

The executive was detained in connection with alleged financial crimes involving $34 million related to Binance’s operations in Nigeria.

Related: New Web3 wallet rolls out decentralized crypto inheritance

Gambaryan’s attorney files new motion for bail
During the trial, Gambaryan’s attorney filed a new motion for bail, citing the executive’s deteriorating health.

Lawyers for Nigeria’s Economic and Financial Crimes Commission (EFCC) immediately opposed the motion, arguing that Gambaryan was not in poor health, despite counsel for the government regulator submitting the detained executive’s health records to the court, which indicate that he requires surgery.

The next hearing is set for Sept. 4, when the judge will consider the bail motion.Gambaryan struggles with health issues
Gambaryan’s health is reportedly declining in detention, adding significance to the outcome of the Sept. 4 hearing.

The Binance executive’s family has raised concerns over his worsening health conditions, which they claim are due to prolonged medical negligence. The family said in a shared statement:

“He is no longer able to walk from the pain of his untreated herniated disc or spinal injury. The prison is also refusing to provide him with a wheelchair.”
The recently surfaced video shows he lacks access to essential medical equipment, including a wheelchair.

The video shows Gambaryan struggling to walk. He repeatedly asks the guard why he is not allowed to use a wheelchair. However, the guard ignores his requests and insists he continue walking with only a single crutch. #Cryptocurrencies
#Law
#Business
#Nigeria
#Binance
#Regulation