ETH's Trump Trade Upside ($)
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- 📈 Coinbase Stock Sees Revenge Rally After Trump Win. COIN stock keeps pumping after Trump's White House win.
- 💰 BlackRock's Spot Bitcoin ETF Sets Record-Breaking Volume. BlackRock’s IBIT saw $4 billion in trading volume after Election Day.
- ✂️ Fed Cuts Rate By 25 Basis Points As Expected. The decision fell firmly in line with Wall Street's expectations.
📸 Daily Market Snapshot: Bitcoin has been grabbing headlines in recent days, but ETH has been racking up the more substantial gains as the asset has climbed nearly 15% this week compared to BTC's 8%. ETH remains 42% below the $4,891 all-time high it set three years ago.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.55T | ↗ 1.0% | ↗ 9.9% |
|
BTC $75,893 | ↗ 0.1% | ↗ 7.7% |
|
ETH $2,882 | ↗ 5.6% | ↗ 14.4% |
|
LDO $1.28 | ↘ 5.1% | ↗ 23.3% |
Michael Saylor’s MicroStrategy (MSTR) began buying BTC in 2020 and never looked back, transforming the get-along software company into a top-performing stock over the past two bull cycles in the process.
Despite reporting substantial losses every quarter in 2024, MSTR is still handily outperforming BTC, up an additional 200% on the year-to-date basis!
At MicroStrategy’s most recent earnings conference on October 30, firm executives unveiled their “21/21 Plan,” a strategic initiative to raise $42B in capital from a 50/50 mix of share sales and debt issuance in what is slated to become the largest secondary share offering in U.S. stock market history.
Today, we’re unpacking Michael Saylor’s infinite money machine and exploring how MicroStrategy intends to become a trillion-dollar company 💸👇
Kraken is one of the largest and most secure crypto platforms trusted by over 13 million people from around the world. Whatever trading strategies you’ve got in your playbook, Kraken gets you started with as little as $10.
- 🪦 Dapps Graveyard - w1nter.eth
- 🪙 On Solver Economics - Decentralised.co
- 🔴 The Superchain Vision - Optimism
- 🧱 Ethereum’s Distinctive Property Is Hardness - Josh Stark
- 💸 Where Did Fairshake PAC’s $133 Million Go? - YB
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