Todays Top Stories

Editor: @PhoenixxDown

Bitcoin Booms on Trump’s Presidential Win

Following Donald Trump’s historic victory to become the 47th President of the United States, Bitcoin reacted as many anticipated—by breaking its all-time high! As election results trickled in overnight, Bitcoin’s price climbed steadily from a low of $68,800, rising in tandem with Trump’s clear lead in the race as the night progressed.

As Polymarket’s odds showed an 80% likelihood of a Trump win, sentiment transferred quickly to the crypto markets, sparking a rally. It wasn’t long before Bitcoin’s previous ATH of $73,800 was breached, eventually reaching just over $75,000 for a new high.

At the time of writing, Bitcoin is holding steady at $73,631. Alongside Bitcoin’s surge, Runes experienced a noticeable increase in volume and positive price action, supporting the long-held theory among many in the crypto space: as Bitcoin rises, other Bitcoin-linked assets follow suit.

In previous issues, particularly issue #40 published Monday, we took an in-depth look at the two candidates and their respective stances on the crypto industry. Throughout the year, Trump emerged as the favored candidate likely to bring positive momentum to the markets. But beyond price speculation, Trump appealed to Bitcoin supporters with issues such as his promise to pardon Ross Ulbricht on Day One of his term.

And of course, another key pledge that resonated strongly with Bitcoiners is Trump’s vow to fire Gary Gensler on Day One. Ross In, Gary Out! Gensler’s actions have been widely criticized within the industry, and many believe nearly any replacement—even an inanimate object—would be an improvement. Speculation is already stirring around who might take Gensler’s place…..

Daily Alpha | Will "Crypto Mom" Take the Helm?

Following the previous article’s nod to potential SEC shakeups, Hester Peirce—widely celebrated in the crypto community as "Crypto Mom"—has emerged as a prominent voice advocating for digital assets within the U.S. SEC. Appointed as an SEC Commissioner in 2018, Peirce has continually pushed for regulatory clarity, often challenging the agency’s enforcement-heavy tactics that many see as stifling innovation.

With experience as a Senior Counsel on the Senate Banking Committee, an SEC attorney, and an academic, Peirce brings a balanced and well-rounded perspective to the world of financial regulation.

Peirce has been openly critical of the SEC's current approach under Chairman Gary Gensler, often emphasizing the need for clear, constructive guidelines over unpredictable enforcement actions. This advocacy has fueled speculation about her potential to replace Gensler, especially after President Trump’s recent campaign commitment to appoint new leadership at the SEC. Known for her support of transparent policies to protect investors while allowing innovation to flourish, Peirce seems like a fitting choice to lead a more crypto-friendly SEC.

That said, Peirce’s current term is set to expire in 2025, so it remains to be seen if she’ll step up as our official "Crypto Mom" come January.

Daily Alpha | UK Pension Fund Invests in Bitcoin

In other news, and breaking away from the U.S.-centered updates, a UK pension fund has made waves by allocating 3% of its portfolio directly to Bitcoin—marking a first for the country. The consultancy firm Cartwright, which advised on the decision, described it as a forward-thinking move amid economic uncertainty, embracing much of the mindset that initially drew many of us to Bitcoin. Once again, it seems institutions are catching up!

This particular fund has opted for direct Bitcoin exposure rather than through a proxy, implementing secure custodial measures to protect private keys. This approach stands in contrast to U.S. pension funds, which typically restrict their Bitcoin exposure to small ETF allocations.

As part of this initiative, Cartwright also announced plans for a Bitcoin Employee Benefits scheme, which would allow companies to offer Bitcoin as part of employee benefits. If this trend gains traction, it could inspire other institutions to follow suit, perhaps even creating opportunities for employees to receive Bitcoin directly as part of their wages. A major milestone indeed—but all in good time!

Daily Bites

Todays Markets

Ordinals

A promising green day for Ordinal collections in the top five. Notably, two of these five—Ordinal Punks and O.P.I.U.M—are typically highly illiquid collections.

Ordinal Punks required just one sale of 0.5 BTC to secure its spot, while O.P.I.U.M saw two sales totaling 0.275 BTC. With that in mind, meaningful volume still hasn’t made its way beyond the top two collections.

In the lower half of the rankings, we have a newcomer: Experiment9, which sold out just hours ago. The floor is currently sitting at twice the mint price—a refreshing change, especially considering most mints lately have struggled to even reach 1.5x.

Runes

Runes are rallying post-election uncertainty, with $BDC leading the pack, up over 20%. PUPS is also capitalizing on recent momentum as it kicks off its first day as a fully migrated asset.

Perhaps the biggest shock of the day is the sharp drop in The Donald Trump rune, which is down 42% despite his election win. It turned out to be a "sell the news" event, though there could still be life in it yet; Trump will be in the spotlight for the next four years, so there’s plenty of time for a potential recovery!

Meanwhile, Pooka, Based Internet Panda, and Cypher Genesis are all posting impressive double-digit gains as they compete fiercely to lead the mid-tier Runes.

Todays Opportunities

ExtraOrdinals Whitelisted Mints This Week

This is the last mint for this week. Check back next week for a full new list.

Giveaways

• Pizza Pets - Ends November 7th 21:014 UTC

• Wyatt (GTD and FCFS) - Ends November 6th 17:47 UTC

• All In - Ends November 6th 23:51 UTC