As the U.S. election draws near, JPMorgan analysts anticipate a Donald Trump win could amplify bitcoin’s growth, attributed to a rising trend among retail investors towards the “debasement trade.” According to a report led by Nikolaos Panigirtzoglou, retail interest has not only pushed the purchase of bitcoin and gold ETFs but also favored meme and AI tokens, indicating a robust performance in market cap.

The last two days alone have seen a remarkable $1.3 billion influx into spot bitcoin ETFs, summing up to $4.4 billion in October, marking it as the third-largest month for inflows since their inception. This surge reflects a growing preference for alternative assets among retail investors, aiming to hedge against potential currency debasement. Meanwhile, institutional involvement in bitcoin futures has seen a slowdown, suggesting a momentary pause in their market activity.

Looking ahead, JPMorgan maintains a bullish outlook on the crypto market for 2025, fueled by ongoing trends and the possible electoral success of Donald Trump. This scenario could lead to significant gains for both bitcoin and gold, propelled by a sustained retail drive toward risk assets and the debasement trade.

A press release circulating yesterday proved yet again that there’s nothing the mainstream media loves more than some crazy nut claiming to have created Bitcoin.

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In honor of White Paper Day, the latest event, billed as the unveiling of the “legal identity” of Satoshi Nakamoto, attracted a who’s who of press, including the BBC, who were caught up in the Craig Wright scandal in 2016. (Wright was later legally deemed not to be Satoshi.)

Even that burn didn’t stop their reporters…

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Some things in Bitcoin are just not up for debate.

The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoin’s birthday.

Bitcoin’s…

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Canary Capital has taken a significant step toward innovation in the cryptocurrency space by filing for a Solana-based exchange-traded fund (ETF). The filing of the Canary Solana ETF aims to provide investors direct exposure to Solana’s price, bolstering the trust in crypto assets. The move comes without the designation of a custodian and administrator yet, showcasing the firm’s pioneering spirit in the evolving market.

Highlighting the strength of Solana’s decentralized finance (DeFi) ecosystem, Canary Capital noted the cryptocurrency’s high transaction rates, robust user engagement, and low transaction fees. This filing follows Canary Capital’s previous registrations for Litecoin and XRP ETFs, signaling a robust expansion strategy in crypto-based financial products.

As regulatory landscapes shift, the U.S. Securities and Exchange Commission (SEC) has shown openness, having approved several Bitcoin and Ethereum ETFs this year. Canary Capital’s initiative, paralleled by similar actions from VanEck, underscores the growing acceptance and commodification of digital assets like Solana in mainstream finance.

SEC Filing

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Ah, Halloween. The one night a year where we’re supposed to be scared of things that go bump in the night. You know, your classic cast of characters: Dracula, Frankenstein’s monster, your weird neighbor who leaves their Christmas lights up all year round. But here’s the thing—none of those guys actually scare us anymore, do they? I mean, a werewolf might give you a mild startle, but you know what’s really terrifying? The sound of a…

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