Trump hints at pushing through SEC chair with recess appointment
The Republican promised to fire SEC Chair Gary Gensler “on day one,” but a tweet suggested he would also attempt to circumvent the Senate confirmation process for a replacement.

[Source](https://cointelegraph.com/news/donald-trump-sec-chair-senate-recess-appointment)
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Tesla’s in hot water with the U.S. Highway Safety Agency for telling the public its cars can drive themselves, even though manuals and private discussions with the agency clearly state they need human supervision.

https://www.neowin.net/news/teslas-full-self-driving-is-not-as-self-driving-as-it-claims-says-nhtsa/
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Galaxy Digital, a cryptocurrency trading firm, clocked the biggest trading day of the year on Nov. 5 as Donald Trump’s victory in the United States presidential race sparked a surge of interest in crypto, Bloomberg reported on Nov. 7.

https://cointelegraph.com/news/galaxy-digital-clocks-biggest-trading-day-year-us-election-day-report
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Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasuries yields retreated as investors processed a second Donald Trump presidency and awaited a Federal Reserve policy decision.

https://www.reuters.com/markets/global-markets-wrapup-1-2024-11-07/
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Ethereum’s network revenues are poised to rebound as surging activity on layer-2 (L2) scaling networks drives demand for data storage, according to cryptocurrency researchers and onchain data.

https://cointelegraph.com/news/ethereum-revenues-rebound-amid-l2-blob-uptick
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Trump victory paves way for $100K Bitcoin by end of 2024
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.

[Source](https://cointelegraph.com/news/trump-presidential-victory-paves-way-100k-bitcoin-end-2024)
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Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.

[Source](https://cointelegraph.com/news/hut-8-purchases-31000-new-bitcoin-miners-hashrate)
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Two large Bitcoin investors, known as whales, are significantly increasing their holdings, reflecting growing interest in risk assets after Donald Trump’s win in the United States presidential election.

https://cointelegraph.com/news/two-new-bitcoin-whales-buy-142-m-btc-following-trump-s-victory
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President-elect Donald Trump remains likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations.

https://edition.cnn.com/2024/11/07/politics/trump-fed-chair/index.html
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On Wednesday, Sam Altman cryptically posted "chat.com" on X. Of course, the URL redirects to ChatGPT's homepage. Speculation is that OpenAI wanted a short domain name, but those guesses are dubious since it already owns ai.com, which it bought last year for around $11 million. The company most likely wants to just drop the "GPT" from its current domain.

https://www.techspot.com/news/105482-openai-bought-chatcom-domain-name-chatgpt-over-35.html
amazing
Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market
The deployment will allow users to utilize Bitcoin in Solana’s burgeoning DeFi ecosystem, according to Coinbase.

[Source](https://cointelegraph.com/news/coinbase-wrapped-bitcoin-launches-on-solana)
amazing
Block Inc’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi operations to shift money into its Bitcoin mining and wallet businesses.

[Source](https://cointelegraph.com/news/block-q3-earnings-bitcoin-revenue-stagnates-shares-drop-revenue-miss)
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Chinese scientists claim to have created a powerful 'Death Star' capable of electromagnetic powerful beams. The weapon, similar to the one in Star Wars, may be able to destroy enemy satellites in orbit.

https://www.dailystar.co.uk/news/world-news/china-built-real-life-death-34062764
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In one of her first post-election messages, Wyoming Senator Cynthia Lummis reiterated plans for United States lawmakers to “build a strategic Bitcoin reserve,” presumably when Republicans take a majority control of the Senate in 2025.

https://cointelegraph.com/news/cynthia-lummis-donald-trump-bitcoin-reserve
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Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company's current centralized service.

https://cointelegraph.com/news/wazir-x-launching-decentralized-exchange
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