Donald Trump's recent election victory has spurred investor interest in risk-on assets, particularly cryptocurrencies, positioning Ether for a potential breakout above $3,200. Market analysts noted a significant change in sentiment following the election outcomes on November 6 and 7, with positive inflows into spot Ether ETFs signaling renewed investor confidence. Coinbase’s chief legal officer, Paul Grewal, called for the SEC to reform its approach to cryptocurrency regulation in light of the election, advocating for more open dialogue instead of litigation. Meanwhile, Galaxy Digital reported its highest trading volume of the year on Election Day, reflecting the heightened interest in crypto. Additionally, a collaborative project between Magic Labs and Polygon aims to tackle liquidity fragmentation in the blockchain space with the launch of the Newton testnet, a crosschain smart wallet. Elsewhere, allegations arose against Coinbase regarding exorbitant token listing fees, which Coinbase denies, maintaining that asset listings on its platform are free. Overall, the developments point to a period of potential growth and change in the crypto landscape.

Source 🔗