Record Day for BlackRock Bitcoin ETF

CRYPTO
Record Day for BlackRock Bitcoin ETF

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), recorded a massive trading day after Donald Trump's re-election, with $4.1 billion in daily trading volume on Nov. 6—the highest in its history. Bloomberg ETF analyst Eric Balchunas noted that IBIT’s trading volume outpaced major stocks like Berkshire Hathaway, Netflix, and Visa. It also saw a price jump of 10%, marking its second-best day since launch.

The Bitcoin ETF’s impressive performance coincides with Bitcoin itself hitting an all-time high of $76,500, spurred by Trump's return to the White House and his crypto-friendly stance. By the time of publication, Bitcoin had slightly dipped to $75,267, reflecting ongoing volatility. Analysts are attributing this bullish run to Trump's pro-crypto promises, which could drive continued growth across crypto assets.

Balchunas previously described these filings as “call options on a Trump victory,” and with Trump set for office, many analysts predict a strong rally in Bitcoin’s price, with some projecting it could hit $100,000 by his inauguration day on Jan. 20.
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ELON MUSK
Musk’s $130M Bet on Trump Pays

Elon Musk’s $130 million backing of Donald Trump’s successful presidential campaign may yield significant benefits for Tesla and his broader business empire. With Trump’s administration taking office, Musk stands to gain from policies that could accelerate Tesla’s growth, foster SpaceX’s space exploration goals, and support advancements in AI and infrastructure that align with his entrepreneurial vision.

Trump’s administration is expected to implement a pro-business agenda, likely reducing regulations and introducing tax incentives favorable to major corporations, including Tesla. These changes could lower operating costs for Tesla’s U.S. manufacturing plants, boosting production capacity and profitability. Additionally, Musk’s influence in Trump’s circle may shape energy policies that support renewable initiatives, encouraging the expansion of EV infrastructure—a major benefit for Tesla as it aims to make electric vehicles mainstream.

SpaceX could also benefit as Trump’s “America First” focus aligns with Musk’s goal of achieving U.S.-led space advancements. Increased government funding for NASA and favorable contracts for private space companies could allow SpaceX to accelerate projects like Mars exploration, bolstering its position as a leader in the space sector.

Further, Musk’s work in artificial intelligence and autonomous driving may find support in a deregulated environment under Trump, providing Tesla with greater flexibility to develop its AI-driven projects. Musk’s strategic investment could transform political alignment into business growth, amplifying his influence and paving the way for future innovations across his enterprises.
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CHINA
October Exports Hit 19-Month High

China's exports saw a significant surge in October, growing 12.7% year-on-year to reach $309.06 billion — marking the highest increase in 19 months, according to customs data. This sharp rise exceeded analysts' predictions of a 5.2% growth and contrasts with the 2.4% rise seen in September. Imports, however, fell by 2.3%, a steeper decline than the anticipated 1.5%, highlighting ongoing challenges in domestic consumption and a struggling property sector.

Bruce Pang, chief economist at JLL, attributes the stronger export performance to delayed shipments, strategic discounts, and the peak season ahead of the holidays. Trade data also show China’s exports to the U.S. rose by 8.1%, while exports to the EU and ASEAN grew 12.7% and 15.8%, respectively. Exports to Russia surged nearly 27%.

Looking forward, the possibility of heightened U.S. tariffs under Donald Trump’s administration may challenge export growth, underscoring the need for China’s domestic stimulus to sustain economic stability.
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ELECTION
YouTube Dominates Election Day Streaming

YouTube users streamed an impressive 84 million hours of U.S. Presidential Election Day coverage, with 80.6% of the total viewing time on YouTube, according to Stream Charts. Conservative-favored Rumble followed at 13.1%. Fox News led YouTube’s live streams, reaching a peak of 1.14 million viewers, while NBC News attracted 616,900 peak viewers. Meanwhile, traditional broadcasts drew a smaller audience: Nielsen reported 42 million viewers across 18 networks between 7 p.m. and 11 p.m., a significant drop from 2020’s 56.9 million.

Fox News also saw strong digital engagement, with Fox News Digital achieving its best day since 2020 at 47.2 million livestream views. Streams of political events, including debates and town halls, have surged, with younger audiences shaping election conversations on Twitch, YouTube, and Rumble. “This shift allows real-time debate and interaction, which is reshaping political discourse,” said Streams Charts’ Nazar Babenko, emphasizing the role of livestreaming in today’s political engagement.
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Meme of the day

Word of the day
Dedication

Dedication refers to devotion, loyalty, or commitment to a person or cause. It can also refer to a message at the beginning of a book, song, etc., that expresses affection or gratitude for someone, or to a ceremony to mark the official completion or opening of something, such as a building.

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