Demex Daily #278: Trump's Win Signals Major Boost for U.S. Crypto

What’s Interesting Today:

Donald Trump has won the U.S. presidency, promising to champion crypto with plans to establish a national Bitcoin reserve, support U.S.-based mining, oppose a U.S. CBDC, and uphold self-custody rights. His campaign gained backing from crypto leaders, including endorsements from Ryan Selkis and the Winklevoss twins, and support from Elon Musk. Trump’s promises reflect a shift from his past stance, aiming to advance the industry following regulatory challenges under the Biden administration.

Trade BITCOIN BTC-PERP on Demex!

At the Chainlink SmartCon in Hong Kong, TRON DAO, sponsored as a Silver Sponsor, unveiled its integration with Chainlink Data Feeds, which will become the official data oracle for the TRON blockchain. Founder Justin Sun shared that this partnership will support TRON's DeFi apps, JustLend and JustStable, which hold over $6.5 billion in TVL. He also announced plans to cover operating costs of Chainlink oracle networks initially, transitioning to user fees over time. Sun emphasized TRON’s growth, including over 270 million accounts and $577 million in Q3 2024 revenue, and discussed future initiatives like a Bitcoin Layer 2 solution and gas-free stablecoin transfers.

Trade TRON DAO TRX-PERP on Demex!