COINDESK DAILY: Bitcoin Breaches New Record Above $98K as MicroStrategy Soars and Trump Considers 'Crypto Czar'
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 November 2024
⏱️ 3 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry from Trump's crypto plan to Gary Wang's sentence.
Bitcoin rally continues as the largest crypto by market cap surged above $98,000 heading into the U.S. morning Thursday. This comes as MicroStrategy and other companies holding corporate bitcoin treasuries soar and president-elect Trump reportedly talks with the crypto industry about a new White House post dedicated to crypto policy. Plus, former FTX executive Gary Wang was spared prison time by a judge. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | Bitcoin in all-time high mode as Trump considers installing a so-called CryptoZar. |
| 0:05.7 | This is CoinDust Daily. I'm your host Christine Lee. |
| 0:13.0 | Bitcoin setting a new record above $98,000 heading into the U.S. morning Thursday, extending its |
| 0:19.7 | breakout from an eight-month consolidation since crypto-friendly Donald Trump won the U.S. morning Thursday, extending its breakout from an eight-month consolidation |
| 0:22.2 | since crypto-friendly Donald Trump won the U.S. presidency. BTC advancing almost 4.7% over the past 24 |
| 0:29.4 | hours, leaving the broad market CoinDisk 20 index behind. Crypto-focused U.S. equities also |
| 0:35.9 | rallying, micro strategy owner of the largest corporate Bitcoin treasury, rising 10% during U.S. equities also rallying. Micro Strategy owner of the largest corporate Bitcoin Treasury rising 10% during U.S. morning trade, |
| 0:42.5 | public companies following micro-strategy's approach of buying BTC for its treasury also gained. |
| 0:47.5 | Mara Holdings adding 8% and similar scientific, 18%. |
| 0:51.5 | Options trading on Defiance's 2X-long micro strategy ETF, which is a leveraged |
| 0:56.4 | bet on MSTR share prices, took off yesterday and showed extreme bullish positioning with risk |
| 1:03.3 | on sentiment at record levels. President-elect Donald Trump's team is reportedly talking to the |
| 1:09.9 | crypto industry about whether to create a new |
| 1:12.4 | White House post specifically dedicated to crypto policy. During the campaign trail, Trump promised to |
| 1:18.6 | create a Bitcoin and crypto presidential advisory council. Bloomberg reporting that discussions |
| 1:24.3 | about the crypto role include someone to lead a small staff and |
| 1:28.5 | acting as a liaison between the White House, Congress, and the various agencies with jurisdiction |
| 1:33.9 | over crypto, such as the Securities and Exchange Commission and Commodity Futures Trading Commission. |
| 1:39.7 | This week, Trump reportedly met with Coinbase CEO, Brian Armstrong, and former Coinbase and Finance |
| 1:44.8 | U.S. executive Brian Brooks, who is also believed to be a candidate for SEC chair. |
| 1:51.1 | Gary Wong, former FTX chief technology officer and close friend of Sam Bakeman-Fried, |
| 1:56.3 | won't have to serve prison time for his involvement in the crypto exchanges fraud scheme. |
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