Daily Report | Trump announces victory; Republicans take control of the U.S. Senate; Binance to launch Cow Protocol (COW) and Cetus Protocol (CETUS)
November 6 News OverviewOrganizer: Luan Peng, ChainCatcher
Important News:
- Trump Declares Victory
- Binance Charity Foundation Donates $3 Million to Spanish Red Cross
- Musk: His Super PAC Will Continue to Operate After This Election
- OKX to Launch MEMEFI (MemeFi) Spot Trading
- Crypto Industry Raises Over $245 Million This Cycle, Advertising Avoids Mentioning Cryptocurrency
- Data: Ethereum Spot ETF Had Total Net Inflow of $0 Yesterday, 9 ETH ETFs Had No Inflows or Outflows
- Binance to Launch Cow Protocol (COW) and Cetus Protocol (CETUS)
- Republicans Win Control of the U.S. Senate
"What Important Events Happened in the Last 24 Hours"
According to ChainCatcher, U.S. Republican presidential candidate Trump announced his victory in the 2024 presidential election.
Additionally, Trump expressed gratitude to all voters who supported him, his campaign team, and his family, and kissed his wife Melania Trump.
Binance Charity Foundation Donates $3 Million to Spanish Red Cross
According to Decrypt, the Binance Charity Foundation donated $3 million to the Spanish Red Cross to support post-disaster relief efforts in Valencia due to flooding. The donation aims to provide emergency assistance to affected communities, including mobilizing necessary resources to help impacted residents.
It is worth noting that the cryptocurrency community has previously provided donations during multiple natural disasters, such as a $10 million donation to humanitarian projects in Ukraine in 2022 and airdropping $1.5 million in BNB to users affected by flooding in Central Europe this year.
Musk: His Super PAC Will Continue to Operate After This Election
Elon Musk stated during a live discussion on his social media platform X on Tuesday that "the American political action committee will continue to operate after this election." Musk mentioned that his super PAC will focus on future elections, including the 2026 midterm elections and local prosecutor races. He reiterated previous comments about wanting to counter progressive donor George Soros, stating, "Some measures must be taken to offset the damage Soros has done to the system."
According to Federal Election Commission documents, Musk has used America PAC as a tool to spend over $152 million on Trump and other Republicans in this election. As of 6 PM Eastern Time, the X event attracted about 80,000 listeners, including Musk's mother, Maye Musk. Musk made several predictions during the discussion, including that he expects Trump to win Pennsylvania by "hundreds of thousands" of votes. He also predicted that if Harris wins, X will face government scrutiny.
Previous reports indicated that in October, Musk's super PAC awarded two $1 million bonuses to registered voters in Michigan and Wisconsin, ignoring previous warnings from the Justice Department that these bonuses might be illegal.
OKX to Launch MEMEFI (MemeFi) Spot Trading
According to an official announcement, OKX will soon launch MEMEFI (MemeFi) spot trading. MEMEFI is a community-driven token used for both the MemeFi Web3 application and the MemeFi Telegram advertising network. The specific schedule is as follows:
- MEMEFI Deposit Opens: November 11 at 6:00 PM (UTC+8)
- MEMEFI Auction Time: November 22 from 8:00 PM to 9:00 PM (UTC+8)
- MEMEFI/USDT Spot Trading Opens: November 22 at 9:00 PM (UTC+8)
- MEMEFI Withdrawal Opens: November 23 at 9:00 PM (UTC+8)
Crypto Industry Raises Over $245 Million This Cycle, Advertising Avoids Mentioning Cryptocurrency
According to CNBC, the crypto industry has raised over $245 million in this cycle, coming from a mix of corporate and individual donors. This industry accounts for nearly half of all corporate fundraising.
Despite spending significant amounts on advertising, these groups have not focused on conveying information about cryptocurrency to voters.
Data: Ethereum Spot ETF Had Total Net Outflow of $0 Yesterday, 9 ETH ETFs Had No Inflows or Outflows
According to SoSoValue data, yesterday (Eastern Time, November 5), the total net outflow for Ethereum spot ETFs was $0.00.
Yesterday, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $0.00, with a historical net outflow of $3.142 billion. Grayscale's Ethereum Mini Trust ETF ETH also had a net outflow of $0.00, with a historical total net inflow of $271 million.
As of the time of this report, the total net asset value of Ethereum spot ETFs is $6.639 billion, with an ETF net asset ratio (market cap relative to Ethereum's total market cap) of 2.27%, and a historical cumulative net outflow of $555 million.
Binance to Launch Cow Protocol (COW) and Cetus Protocol (CETUS)
According to an official announcement, Cow Protocol (COW) and Cetus Protocol (CETUS) will go live on November 6 at 12:00 PM (UTC), with trading pairs COW/USDT and CETUS/USDT available.
Republicans Win Control of the U.S. Senate
In the U.S. presidential election, Republicans have won control of the U.S. Senate.
The Associated Press predicts that Republican control of the Senate may crush progressive hopes for significantly increasing the U.S. tax burden, taxing corporations and the wealthy, as the trillions of dollars in provisions from the 2017 tax law will expire by the end of next year.
Binance to Remove COS/BTC and FXS/BTC Spot Trading Pairs
According to an official announcement, Binance will remove and cease trading for the COS/BTC and FXS/BTC spot trading pairs on November 8 at 03:00 (UTC).
Trump: "God Spared Me for a Reason, and That Reason is to Save Our Country"
According to Interface News, U.S. Republican presidential candidate Trump spoke in West Palm Beach, Florida, announcing his victory in the 2024 presidential election.
Trump stated, "People tell me, 'God spared me for a reason.' That reason is to save our country and make America great again. Now, we will complete this mission together."
Trump said, "The task before us is not easy, but I will put every ounce of energy, spirit, and fighting spirit from the depths of my soul into the work you have entrusted to me."
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Selling "Trump": The Trump Family Has Earned Millions from "Brand Licensing" for Crypto Projects
On November 5, the dust settled on the voting for the 60th U.S. presidential election, and who will move into the White House between Donald Trump and Kamala Harris is not only a focus of global attention but also a new shift in the crypto world.
Since the beginning of his campaign, Trump has repeatedly expressed support for the development of cryptocurrency. If he successfully returns to the White House, the strict regulatory policies on the crypto market in the U.S. may change, injecting new vitality into the industry. At the Bitcoin 2024 conference, Trump stated in his speech that if re-elected, he would ensure that the government retains 100% of its Bitcoin holdings and would classify Bitcoin as a strategic reserve asset for the U.S.
Trump is not only a supporter of the crypto market but also a participant. During his campaign, he received donations from crypto whales and institutions and personally engaged in multiple crypto projects. His involvement in NFT and DeFi crypto projects through OEM licensing has accumulated over $10 million in revenue.
According to data from the Arkham platform, as of November 5, the crypto assets held in Trump's wallet were valued at $6.15 million, peaking at $25 million in June of this year, with nearly 1,000 Ethereum worth $2.38 million.
The First "Crypto President" is Born! The Wheels of Crypto's Fate Have Started Turning
Trump has been elected! The first cryptocurrency president in the White House has been born!
On November 6, Beijing time, the most dramatic presidential election in U.S. history has finally settled. According to real-time election data from Fox News, Trump defeated Harris with a margin of 67,121,735 votes to 62,142,405 votes, successfully securing 277 electoral votes, surpassing the 270-vote threshold to win the 2024 U.S. presidential election.
Trump's sustained lead and successful election have propelled BTC to briefly break $75,000, setting a new historical high, with all sectors of crypto entering a period of widespread growth.
The 2024 U.S. election is destined to leave a significant mark in crypto history. Since the birth of Bitcoin, the crypto industry has gone through 16 years and three election cycles, finally entering the campaign stage of the U.S. election in a meaningful way.
Behind politicians like Trump playing the "crypto card" is the growing strength of crypto assets like Bitcoin and the aggregation of crypto voters.
Regardless of whether Trump's crypto promises materialize after taking office, the wheels of crypto's fate may have already begun to turn.
Opinion: Trump, Backed by Crypto Voters, May Betray This Industry
This year, the crypto industry finally has its "friend," named Donald Trump. For years, this industry has been searching for a political spokesperson, someone who can guide its liberation of thought and bring its ideas to a wider audience. Now, that person is Trump.
He stood on the stage of the Nashville Bitcoin conference, expressing how much he likes people in the crypto industry. He announced the establishment of a Bitcoin strategic reserve. He promised to release Ross Ulbricht. He distributed hamburgers at PubKey in New York. He even established his own DeFi project—World Liberty Financial—and developed an internal management model (what better way to demonstrate loyalty to cryptocurrency?).
Trump said what cryptocurrency wanted to hear and did what cryptocurrency wanted to do, thus attracting millions of dollars in donations. Loudmouths rallied for him, while culture warriors expressed hatred in the performance. He occupies the political space that the Biden administration and Harris's campaign team could have occupied if they were not so submissive to the Warren wing. Everything he says is right because Trump always says what people want him to say. He fits perfectly with the goals of the crypto party because his politics can adapt to any situation, and the crypto party desperately needs a friend.
I have to admit that all of this makes me personally uncomfortable, not because I have any fondness for Harris, but because Trump has long been an unreasonable friend. He could easily take a completely opposite view on cryptocurrency if it benefited him, and he has already done so. I am very concerned about the crypto industry's embrace of Trump because I find it hard to believe that Trump's principles align with those that attracted me to cryptocurrency.
So, what are the three reasons we should be wary of as an industry?
Top Ten "Money-Making" Protocols: From Ethereum to Pump.fun, Who is Leading the Crypto Trend?
In the crypto world, there is no "myth of eternal profit," but there are "legends of money-making."
In the recently concluded October, according to Dune data, pump.fun has accumulated over $160 million in revenue, with over 2.4 million total addresses and more than 2.8 million tokens deployed; currently, its accumulated revenue has reached $167.3 million, meaning that in just about 4 days, pump.fun, as the "strongest money-making machine" of this cycle, has increased its revenue by approximately $7.3 million, which is terrifying.
Combining various protocol income data from the past year, Odaily Planet Daily will categorize and review the top ten "strongest money-making protocols" in this article, revealing the trends and waves of the industry cycle for readers' reference.
On November 6, in the afternoon, U.S. Republican presidential candidate Trump was successfully elected as the 47th President of the United States. The election results show that Trump won the key swing state of Pennsylvania, ultimately securing 270 electoral votes, defeating Democratic candidate Harris.
As news of Trump's election spread, the crypto market reacted strongly, with Bitcoin's price breaking historical highs around $75,000 before 11:20 AM on November 6. At this moment, all eyes are on the cryptocurrency market, and crypto users and investors can't help but ask: How will Trump's election affect the future trends of the crypto market?
In his victory speech, Trump emphasized that future policies will focus on strengthening border security, expanding energy resource utilization, reducing debt, and cutting taxes. He plans to drive economic growth through abundant oil and gas resources while maintaining America's competitive advantage globally. At the same time, the government will focus on the quality of education and military strength to ensure national security, committed to ending wars rather than starting them. He called for national unity to build a safer and more prosperous America together.
