1. Bitcoin ETF Options Will Be Listed for Trading

On September 20, 2024, the U.S. SEC approved the listing and trading of options for the iShares Bitcoin Trust. On November 15, 2024, the CFTC’s clearing and risk department released a staff advisory related to the clearing of these options. According to this advisory, the OCC is preparing for the clearing, settlement, and risk management of such options. The OCC website has updated the listing date, indicating that the IBIT options will be listed on Tuesday, November 19.

2. CZ: Countries Will Compete to Include Bitcoin in Strategic Reserves

CZ expressed appreciation for MicroStrategy founder Michael Saylor’s speech, calling it a brilliant presentation. It’s worth a listen. He thanked Saylor for his support of Binance in the video. Countries will compete to print money to buy Bitcoin, that is, Bitcoin as a strategic reserve. No one wants to be the last one.

3. Gemini Founder: This Bitcoin Bull Market is Worth Looking Forward To, Political Environment is Favorable and May Include Strategic Reserves

Cameron Winklevoss, founder of the crypto trading platform Gemini, tweeted that this Bitcoin bull market is different from the past, as there is a new president supporting technology, a Republican-controlled Senate and House, and voter authorization from across the United States. Coupled with the potential for Bitcoin strategic reserves, these factors make everything worth looking forward to.

4. QCP Capital: The Altcoin Season May Fully Start in the Coming Months

QCP Capital analysis pointed out that currently, Bitcoin's market dominance is about 60%, and it may only be officially declared the arrival of altcoin season when this ratio drops below 58%. Investors may not be fully ready to shift to the altcoin market, as it seems Bitcoin still has further room to rise before breaking the $100,000 milestone. With the Trump administration potentially introducing more crypto-friendly policies and interest rates continuing to decline, we expect the altcoin season to fully kick off in the coming months. Investors may not be fully ready to shift to the altcoin market, as it seems Bitcoin still has further room to rise before breaking the $100,000 milestone. Supported by political and institutional forces, the prediction of Bitcoin reaching $100,000 is no longer an unattainable dream.

5. Trump Meets with Coinbase CEO Armstrong to Discuss Cryptocurrency Regulation and Personnel Appointments

According to insiders, U.S. President-elect Trump will meet with Coinbase CEO Brian Armstrong to discuss personnel arrangements for the second term. This will be their first meeting since the election, expected to involve cryptocurrency regulation. Previously, Trump proposed the establishment of a Bitcoin and cryptocurrency advisory committee, and Armstrong publicly supported current SEC Commissioner Hester Peirce for the chair position. Additionally, Coinbase donated over $100 million to multiple political action committees before the election, with most funds directed to Fairshake, which is funded by the crypto industry.

6. Trump’s Media Group TMTG is Negotiating to Acquire Cryptocurrency Exchange Bakkt

Trump's media and technology group (TMTG) is negotiating with the Intercontinental Exchange (ICE) to acquire the cryptocurrency exchange Bakkt, expecting to fully acquire it. Bakkt currently has a market value of approximately $150 million. This acquisition plan deepens TMTG's footprint in the cryptocurrency market, as Trump had previously partnered with World Liberty Financial to promote cryptocurrency projects and benefited from them. Since Trump’s election, the cryptocurrency market has surged, with Bitcoin prices rising over 30%. Bakkt was founded by ICE, which still holds a 55% economic interest in it.