Election results trigger a broad market recovery! ETH surges over 5% to $2,450, and JPMorgan officially adds Bitcoin to its long-term asset allocation!
1⃣ ETH rose from around $2,303 to a high of $2,450 in 18 hours, gaining more than 5%. BTC also briefly broke above $81,000 before trading at around $80,542, as major crypto assets quickly recovered after the midterm elections concluded.
2⃣ Most of the top ten coins by CEX trading volume rebounded. ETH rose about 6.98% over 24 hours, UNI gained about 7.08%, and ZEC climbed about 7.21%. STX topped OKX’s gainers with a rise of about 11.16%.
3⃣ Coinbase Prime has launched regulated global options and perpetual futures trading for institutional clients in the U.S. and other compliant jurisdictions. Deribit will provide liquidity, with support for more than 20 assets, including BTC, ETH, SOL, and XRP.
4⃣ Brazilian exchange Mercado Bitcoin said it will use company funds to make up for assets affected by a hack. More than $15 million in stolen funds has been frozen, and the exchange has secured a $20 million investment from Tether to support its expansion.
5⃣ JPMorgan has included Bitcoin in its 2027 long-term capital market assumptions, projecting a base-case compound annual return of 10% and annualized volatility of 55% over the next decade, though Bitcoin has not yet been included in its main covariance matrix.
6⃣ The eurozone’s preliminary harmonized CPI inflation rate for October was 4% year over year, in line with expectations but above the previous reading of 3.8%. Inflationary pressure remains a key factor in assessing the central bank’s policy path.
7⃣ Swiss bank Julius Baer believes that political gridlock following the U.S. midterm elections could limit additional fiscal spending and support Treasuries. However, persistent deficits and heavy Treasury issuance will continue to constrain the downside for long-term yields.
8⃣ Markets are repricing the Iran war, tariffs, and energy policy following the U.S. midterm elections. Some traders expect easing geopolitical and trade uncertainty to drive a recovery in both oil prices and risk assets.
9⃣ OpenAI announced it will acquire Pierre Computer Company, with plans to gradually integrate its code hosting and developer tools into Codex to strengthen Git workflows for collaboration between people and AI coding agents.
10. OpenAI revealed an autonomous security research pipeline that generated 948 local privilege escalation exploits targeting the Linux kernel. API costs totaled about $1.213 million, averaging around $1,279 per LPE.
1⃣ ETH rose from around $2,303 to a high of $2,450 in 18 hours, gaining more than 5%. BTC also briefly broke above $81,000 before trading at around $80,542, as major crypto assets quickly recovered after the midterm elections concluded.
2⃣ Most of the top ten coins by CEX trading volume rebounded. ETH rose about 6.98% over 24 hours, UNI gained about 7.08%, and ZEC climbed about 7.21%. STX topped OKX’s gainers with a rise of about 11.16%.
3⃣ Coinbase Prime has launched regulated global options and perpetual futures trading for institutional clients in the U.S. and other compliant jurisdictions. Deribit will provide liquidity, with support for more than 20 assets, including BTC, ETH, SOL, and XRP.
4⃣ Brazilian exchange Mercado Bitcoin said it will use company funds to make up for assets affected by a hack. More than $15 million in stolen funds has been frozen, and the exchange has secured a $20 million investment from Tether to support its expansion.
5⃣ JPMorgan has included Bitcoin in its 2027 long-term capital market assumptions, projecting a base-case compound annual return of 10% and annualized volatility of 55% over the next decade, though Bitcoin has not yet been included in its main covariance matrix.
6⃣ The eurozone’s preliminary harmonized CPI inflation rate for October was 4% year over year, in line with expectations but above the previous reading of 3.8%. Inflationary pressure remains a key factor in assessing the central bank’s policy path.
7⃣ Swiss bank Julius Baer believes that political gridlock following the U.S. midterm elections could limit additional fiscal spending and support Treasuries. However, persistent deficits and heavy Treasury issuance will continue to constrain the downside for long-term yields.
8⃣ Markets are repricing the Iran war, tariffs, and energy policy following the U.S. midterm elections. Some traders expect easing geopolitical and trade uncertainty to drive a recovery in both oil prices and risk assets.
9⃣ OpenAI announced it will acquire Pierre Computer Company, with plans to gradually integrate its code hosting and developer tools into Codex to strengthen Git workflows for collaboration between people and AI coding agents.
10. OpenAI revealed an autonomous security research pipeline that generated 948 local privilege escalation exploits targeting the Linux kernel. API costs totaled about $1.213 million, averaging around $1,279 per LPE.