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On the day that Trump was confirmed as the new US president, the number of wallets with over $1 million worth of increased by 11,000. As the news of Trump's election victory broke on the 6th, surpassed $75,000, setting a new record high, and the price surge resulted in 11,000 -holding wallets joining the millionaire ranks. According to a report by foreign media Finbold on the 7th, the new record high in led to an additional 11,000 millionaire wallets, bringing the total number of millionaire wallets to 121,851.
2. "The futures market is betting on further price increases"
The difference between the spot price of and the futures contract price surged by about 7-15% on the 6th, revealing that many futures investors in the futures market are betting on further price increases. In a report released on the 6th, on-chain analysis platform K33 Research announced that after Trump's election victory, the price of futures on the Chicago Mercantile Exchange (CME) began to soar, and the perpetual futures contract recorded the highest level since March this year.
3. Cynthia Lummis: "I will pass the 'US government reserve asset acquisition bill'"
On the day that Trump's election as US president was confirmed, Senator Cynthia Lummis announced on her X account that she would pass the bill she introduced in July for the US government to acquire 1 million as a reserve asset and hold it for at least 20 years. In July, Cynthia Lummis, a Republican senator from Wyoming, introduced a bill that would require the US government to acquire 1 million as a reserve asset and hold it for at least 20 years. Lummis stated that she will pass the bill following Trump's election as US president.
4. JPMorgan launches blockchain-based foreign exchange trading service
JPMorgan announced on the 6th that it has renamed its previously launched blockchain subsidiary and platform 'Onyx' to 'Kinexis', and will provide a foreign exchange conversion service between the Euro and the US Dollar through Kinexis.
5. Shiba Inu records a 3,674% burn rate on the day of Trump's election victory
On the day that Trump's election as US president was confirmed, the burn rate of the meme coin Shiba Inu () recorded around 3,674%.
6. Key figures in the cryptocurrency market unanimously say "a new era has come" after Trump's election victory
On the day that Trump's election as US president was confirmed, Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse each posted on their official X accounts, predicting the growth of the cryptocurrency market under the Trump administration. On the 7th, Coinbase CEO Brian Armstrong tweeted, "This election is a victory for the cryptocurrency market," and said, "SEC Chairman Gensler tried to illegally kill the cryptocurrency industry, and now he will pay the price." On the 7th, Ripple CEO Brad Garlinghouse wrote on his X account, "Fire Gensler on day one" and "Restore the rule of law and justice, along with the reorganization of the SEC."
Reporter Kwon Seung-won ksw@blockstreet.co.kr
