Trump wins as Bitcoin goes to Saturn!

PLUS: A US Bitcoin reserve, infra developments,

Author

ZUSHAN HASHMI
November 08, 2024

Happy Friday Maestros and welcome to another week of the Bitcoin Renaissance!

Last week we covered the potential Bitcoin ATH, and this week we’ve achieved it. Its been a wild week, with a lot of enthusiasm across the Web 3 industry, in particular with Bitcoin.

Join us as we cover the US election in relation to crypto, take a deep dive into Saturn BTC and look at some of the key infrastructure happenings across the space!

PS. Don’t forget to follow us on X here.

🚀 Featured Stories

Bitcoin surges past $75,000: Trumps Election win results in Bitcoin frenzy as he promises a national Bitcoin stockpile and aims to make the US a global crypto hub.

Lummis and the Bitcoin reserve: Senator Cynthia Lummis is reviving plans for a U.S. Bitcoin reserve, proposing the BITCOIN Act to acquire 1 million Bitcoin.

Bitcoin overtakes Meta: It has has surpassed Meta in Market cap reaching a valuation of $1.5+ trillion as it traded above $75,000, fueled by investor optimism.

Polymarket Whale Frenzy: The French trader made $85 million in profit betting in the US elections, following Trumps win on the Crypto predictions market platform.

A 6-digit Bitcoin Marketcap: Experts predict Bitcoin at $100,000 by the end of the year, as they prepare for a crypto bullrun in 2025.

💡 Spotlight: Saturn.btc - Bitcoin's Pioneering Native DEX

Saturn.btc, is pioneering the DeFi ecosystem on Bitcoin by introducing the first trustless Automated Market Maker (AMM) DEX. Recently securing $800,000 in seed funding led by Sora Ventures, Saturn aims to enhance BTC-native trading and unlock Bitcoin's liquidity for DeFi applications, also via its recent integration announcement to build on the Arch Network.

Lets take a deeper but quick look into all Saturn and its key offerings:

Key Features:

  • Native Bitcoin Integration: Saturn.btc allows users to trade and provide liquidity directly with BTC, eliminating risks associated with wrapped tokens.

  • Trustless AMM DEX: As the first of its kind on Bitcoin, Saturn's AMM DEX offers a fully decentralized trading experience with enhanced liquidity.

  • Arch Network Integration: Saturn is leveraging the Arch Network to overcome technological limitations and unlock new possibilities for Bitcoin DeFi.

  • Smart Contract Functionality: The integration with Arch enables smart contract capabilities, allowing for more complex DeFi operations directly on Bitcoin

Ecosystem advancements: By integrating with the Arch Network, Saturn overcomes previous limitations of building directly on Bitcoin's base layer. This pivot allows for true liquidity pools, eliminating the need for users to deposit funds into a separate trading wallet and enabling direct interaction with their regular wallets trustlessly

Future Prospects: With its recent funding and technological upgrades, Saturn is poised to attract more users and developers to the Bitcoin DeFi ecosystem. The platform's innovative approach could significantly impact Bitcoin's utility beyond being a store of value, potentially contributing to increased transaction volume and miner incentives. If you haven’t already, we’d suggest trying out Saturn

Learn more here

📣 Trending on X

  • BlackRock's spot Bitcoin ETF has achieved a milestone with over $1.1 billion in inflows on its first day of trading.

  • Stacks social media sees 1 million people engaging in one day post-Nakamoto Upgrade.

  • Chinese media reports that Trump plans to make the U.S. the "crypto capital of the world"

  • Stacks has risen about 5 spots in development rankings, now above 15th, highlighting Bitcoin's growing role in development discussions.

  • BitcoinFi Accelerator welcomes cohort of 8 projects in its first ever batch.