Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), issued a statement suggesting that he may leave the SEC, sparking heated discussions in the financial community.
After the release of this news, the price of XRP quickly soared, breaking through the 0.8 USDT mark, and rising by more than 16% in 24 hours.
Previously, Gary Gensler continued to call on cryptocurrency exchanges to register with the SEC and urged securities sellers to fully disclose their holdings. This statement is related to the possibility that his leadership tenure at the SEC may soon end.
On Thursday, at the Practicing Law Institute's 56th Annual Securities Regulation Event, Gensler claimed that many of the current 10,000 digital assets are securities.
"It needs to be clarified that in addition to Bitcoin, Ethereum and stablecoins, the rest of the cryptocurrency market is estimated to be about $600 billion. This is less than 20% of the entire cryptocurrency market and less than 0.25% of the total global capital market." Gensler emphasized.
Gensler's move was made after Donald Trump won the US presidential election last week. Trump announced plans to fire Gensler when he took office.
Sources said Gensler may resign, as may the former chairman of the SEC. However, he may also remain at the SEC as a commissioner. #xrp新纪元

This month is really a good start. I only strong-holded 2 coins, and they are all on Binance now. Everything is just beginning. Let's fomo, brothers! #PNUT #act #DOGE看涨情绪飙升

The idea that the cryptocurrency market will experience a bull market regardless of whether the Democrats or Republicans are in power is nonsense.

Some say that regardless of whether the Democrats or Republicans are in power, the cryptocurrency market can welcome a bull market. However, this is actually a misconception due to insufficient understanding of the current state of the cryptocurrency industry in the United States. In reality, a bull market in the cryptocurrency market is only likely when Trump is president and the Republicans simultaneously control both the Senate and the House of Representatives. We should be thankful that this year Trump and the Republicans secured the presidency and both houses, otherwise, a bull market might really be out of the question. A bull market is created by the influx of money, requiring external capital to flow in. The entry point for funds is banks, but anyone living in the U.S. knows that banks currently avoid cryptocurrency like the plague. Whether it's individuals or businesses, as long as you have a few transactions with cryptocurrency exchanges like Coinbase, the bank may close your account. Even Coinbase itself has had its accounts closed by banks, which reflects the current state of the industry. Although the U.S. does not explicitly prohibit cryptocurrency like mainland China, the practices of banks have kept many newcomers out. While there is no explicit ban, it is certainly not encouraged, let alone welcomed. Banks listen to the Federal Reserve, which is supervised by Congress, and personnel appointments are decided by the president and the Senate. If the president and Congress do not agree, the Federal Reserve will not budge, and banks will not dare to engage with you; it's that simple. So, don't be fooled by those who say that the Democrats and Republicans can both bring about a bull market; there are many complex factors behind this. This is common sense, and it must be understood! #特朗普加密政策承诺 $BTC

Why is it said that gold prices will plummet after Trump's rise to power? The reasons mainly include the following points: Market uncertainty decreases: After Trump's victory, the originally expected controversy over the election results was eliminated by Trump's clear victory, reducing risk. The demand for safe-haven assets has waned after the results became clear, and some safe-haven funds withdrew from the gold market. Stronger dollar: After Trump's election, the market expected his policies to boost the dollar, with the dollar index hitting a four-month high, making gold priced in dollars more expensive for non-dollar buyers. A stronger dollar is usually negatively correlated with gold prices, as gold, being hard currency, has a substitution relationship with fiat currency. Rising U.S. Treasury yields: After Trump's election, U.S. Treasury yields surged, especially the 10-year Treasury yield, which increased the opportunity cost of holding non-yielding assets like gold. Expectations of Trump's policies: Trump's proposed combination of tax cuts, tariffs, and deregulation adds more uncertainty to the future direction of the gold market. The market expects that Trump's policies may lead to rising inflation, which could slow the Federal Reserve's pace of interest rate cuts and impact gold prices. Economic outlook concerns: There is uncertainty in policies after Trump's rise to power, and the market's concerns about the economic outlook have led to a decrease in expectations for industrial demand for silver, which also indirectly affects gold prices. Changes in inflation expectations: Trump's policies may favor the dollar and U.S. stocks, while being unfavorable for the stock markets and currencies of non-U.S. countries, and may significantly raise mid-term inflation expectations in the U.S., which is still beneficial for gold in the long run. The plummet of gold prices after Trump took office is the result of multiple factors working together, including reduced market uncertainty, a stronger dollar, rising U.S. Treasury yields, changes in policy expectations, and adjustments in inflation expectations.

Arkham (ARKM) is set to launch a derivatives exchange with a new token redemption mechanism.
On-chain ARKM project announces the launch of a new derivatives exchange to compete directly with leading exchanges such as Binance, specifically targeting individual investors.
Recently, the project revealed more information about the ARKM Exchange Point (a scoring system for users of this product) and also disclosed the opening date.
The exchange will officially operate in one week, around November 14, 2024. VIP users of the exchange will be able to earn reward points through two criteria:
On-site trading volume (Volumes)
Number of new user referrals (Referrals)
So far, users who create an ARKM account will receive 10% reward points, which they will be able to redeem for $ARKM tokens after 30 days #美国大选后涨或跌？ #arkm

Musk has been all in his whole life #马斯克的传奇人生 #美国大选后涨或跌？

Pu Ge ascended the throne. Let's see when it will be fulfilled. #特朗普宣布胜选 #美国大选后涨或跌？

#BTC创历史新高 #DOGE看涨情绪飙升 Dog King 3 Brothers simultaneously on the list New Dog NEIRO leads the way!!!

Elon Musk has invested over $130 million to support Trump's presidential campaign, a move that could bring huge returns to his business empire.
Trump praised Musk's SpaceX and Starlink satellite internet project highly in his victory speech, suggesting that these businesses could secure government contracts. Trump also stated that at Musk's request, a new position for "government efficiency" will be established in his administration.#BTC创历史新高

The large pancake has broken a new high, briefly reaching 75,000. My personal view is that Trump's victory is basically locked in, and the market has responded in a timely manner. This round of the bull market has begun a new era, but it won't be a crazy bull, it will be a slow bull. Long-term holders don't need to pay too much attention to short-term prices. Short-term traders need to be aware that the sentiment from this election will peak; don't FOMO into the market. You should reduce your position at high levels and wait for the sentiment to land before re-entering.

Bitcoin rose 4.3% to $71,450 during the U.S. presidential election, outperforming traditional assets in 2024.
Traders linked Bitcoin's gains to early favorable results for pro-crypto candidate Donald Trump, who has pledged to make the United States a cryptocurrency hub.
Bitcoin rose 4.3% to $71,450, its biggest gain in a week, as traders focused on the results of the heated U.S. presidential election#美国大选后涨或跌？ $BTC

How to change yourself quickly#美国大选后涨或跌？

TROY analyzed the strong player BA's child last week, now shifting to the AI route. The market value is low, the chips are concentrated, and it's a matter of minutes to pump the price. This type of coin must follow the footsteps of the player, with both high risk and high reward #TROY

Several senior Wall Street traders suggest that cash is king. They have increased their holdings of cash equivalents from the usual 5% to 10%. Their strategy is to be ready to snap up assets when the results inevitably trigger volatility in at least some markets. And I suggested a light position a week ago. A logic #美国大选后涨或跌？

Binance has indeed taken new steps in the field of quantitative trading by launching smart arbitrage products, which have impacted both ordinary users and quantitative teams.
Recently, Binance launched smart arbitrage services that allow users to earn funding fees by hedging positions in perpetual contracts and the spot market.
This service enables users to perform funding fee arbitrage with one click, simplifying the operation process.
Previously, ordinary users wanting to engage in quantitative trading often needed to find professional quantitative teams and pay up to 30% in profit sharing. Now, the one-click quantitative service provided by Binance might reduce dependence on third-party quantitative teams.
Currently, Binance's smart arbitrage service mainly supports mainstream currencies such as BTC, ETH, SOL, and is based on USDT strategies.
It is expected that the next step will expand to more altcoins, as altcoins have higher funding rates and more potential arbitrage opportunities.
This move by Binance may put pressure on third-party quantitative tools and teams, as they now need to compete with a strong platform that offers more convenient one-click quantitative services.
Additionally, projects like Ethena have already posed some competition to quantitative teams, and Binance's entry may further intensify this competition.
Overall, Binance's smart arbitrage products provide ordinary users with a new option, which may change the landscape of quantitative trading and pose challenges to quantitative teams. This involvement in the quantitative arena will undoubtedly increase competition in the industry, prompting all parties to enhance service quality and technological innovation. #量化机器人