How This Crypto Hedge Fund Nailed the Trump Trade
Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Donald Trump would win the U.S. presidential election despite the polls.
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Polymarket Resolves Presidential Election Contract
The $3.6 billion contract closed Wednesday morning as the Associated Press, Fox and NBC declared the election for Republican candidate Donald Trump.
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Polymarket, Prediction Betting Markets Vindicated by Trump’s Strong Showing
Tuesday night’s election returns were a shocker if you only watched CNN. But not if you’d looked at the betting all along.
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MakerDAO’s Christensen Hopes for ‘Firm Decision’ as MKR Holders Vote on Sky Brand
Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.
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BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
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Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks
According to the team, Starknet reached “a max TPS of 127.5 over the past 24 hours,” eclipsing the speed record from Coinbase’s Base.
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Optimism Foundation Agreed to Give Kraken $42.5M of OP Tokens in Layer-2 Deal
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
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FTX’s $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer
The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.
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Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
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Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?
It’s been an excruciating seven-plus months for the bulls as upside price breakouts have continually been reversed.