New BTC records, US political moves and key market events are shaping the most important shifts in the crypto space.
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Bitcoin has reached a new all-time high of $93,266. The current market correction places BTC around $90,000 (+3% day-over-day, +20% week-over-week). The rally is attributed to Donald Trump's electoral victory and his announced support for the cryptocurrency market, including the potential establishment of a federal reserve for digital assets.
Source: Forbes
Trump has announced the establishment of the Department of Government Efficiency (DOGE), to be led by Elon Musk. The agency is intended to reduce bureaucracy and administrative costs, continuing the administration’s deregulatory agenda. The acronym DOGE references Musk’s favored cryptocurrency, which has surged by over 100% in the past week.
Source: USA Today Money
The FBI detained Shayne Coplan, CEO of the prediction market platform Polymarket, and confiscated his electronic devices on November 13 in New York. A spokesperson for the platform described the actions as “an obvious act of political retaliation.”
Source: Cointelegraph
Minister of Digital Affairs Krzysztof Gawkowski has presented a draft of Poland’s Digitalization Strategy for public consultation. The document includes measures to strengthen the cybersecurity of blockchain technology and its integration into the financial market infrastructure. Consultations are open until December 11 (konsultacje.strategia@cyfra.gov.pl).
Source: Ministry of Digital Affairs
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