Today, Caroline Ellison, the former CEO of Alameda Research, is set to begin her two-year prison sentence related to the collapse of the FTX cryptocurrency exchange. She will be the third inmate associated with the FTX scandal, following Sam Bankman-Fried's 25-year sentence. Meanwhile, with the Republican Party securing control of the Senate and Donald Trump returning to the White House, Coinbase CEO Brian Armstrong expressed optimism for the crypto industry, suggesting regulatory clarity and legislative opportunities may arise. Following election results, Bitcoin surged to over $75,000, with significant gains in crypto stocks and altcoins. Coinbase rose by 31.11%, Robinhood by 19.6%, and Uniswap led altcoins with a 35% increase. Armstrong emphasized a shift towards economic freedom as a source of strength for America, potentially impacting the regulatory landscape for cryptocurrencies favorably under Trump's administration.

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