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Krisztian Sandor @ CoinDesk · 11/05/2024 17:11 EDT

Bitcoin Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted. Read more

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CoinDesk
Tom Carreras @ CoinDesk · 11/05/2024 16:34 EDT

‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network. Read more

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CoinDesk
Nikhilesh De @ CoinDesk · 11/05/2024 16:00 EDT

Live Updates: Crypto and the 2024 U.S. Election

Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk. Read more

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CoinDesk
Aoyon Ashraf @ CoinDesk · 11/05/2024 14:06 EDT

Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless

Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead. Read more

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CoinDesk
Krisztian Sandor, Helene Braun @ CoinDesk · 11/05/2024 13:40 EDT

Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After?

Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are "more sensitive" to the election results. Read more

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CoinDesk
Nikhilesh De @ CoinDesk · 11/05/2024 11:15 EDT

Here's Why Today's U.S. Election Matters for Crypto

It is Election Day in the U.S. At some point in the coming hours, days and weeks, we'll know which major party wins control of the House of Representatives, the Senate and the White House. Presidential candidates Kamala Harris and Donald Trump might get most of the headlines, but which political party controls Congress probably means a lot in terms of how cryptocurrencies will be treated in the nation, especially... Read more

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CoinDesk
Oliver Knight @ CoinDesk · 11/05/2024 10:20 EDT

Memecoin Creators Hop on U.S. Election Mania With Thousands of New Tokens

While the U.S. election has directed investor focus to bitcoin and Polymarket, the murky memecoin market is also beginning to heat up. Thousands of election-themed tokens have been created over the past 24 hours. Read more

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CoinDesk
Will Canny @ CoinDesk · 11/05/2024 10:11 EDT

MicroStrategy's Ambitious $42B Bitcoin Acquisition Plan is Not Without Risks, CoinShares Says

The company needs financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said. Read more

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CoinDesk
Sam Reynolds @ CoinDesk · 11/05/2024 09:24 EDT

MakerDAO's Christensen Hopes for 'Firm Decision' as MKR Holders Vote on Sky Brand

Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low. Read more

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CoinDesk
Jamie Crawley, Omkar Godbole @ CoinDesk · 11/05/2024 08:03 EDT

First Mover Americas: Crypto Market Little Changed as U.S. Votes

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Read more

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CoinDesk
James Van Straten @ CoinDesk · 11/05/2024 06:23 EDT

Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners

The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week. Read more

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CoinDesk
Omkar Godbole @ CoinDesk · 11/05/2024 05:14 EDT

Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token. Read more

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CoinDesk
Jamie Crawley @ CoinDesk · 11/05/2024 05:11 EDT

Metaplanet Gains First Index Listing With Inclusion on CoinShares' BLOCK Index

The company's stock is the best-performing Japanese equity this year, having gained nearly 840%, according to Investing.com. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/05/2024 02:54 EDT

Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections

BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets. Read more

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CoinDesk
Callan Quinn @ CoinDesk · 11/05/2024 02:35 EDT

Binance, CZ’s Lawyers File Motion to Dismiss Amended Complaint in SEC Lawsuit

Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them. Read more

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CoinDesk
Omkar Godbole @ CoinDesk · 11/05/2024 01:28 EDT

Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show

"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME. Read more

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CoinDesk
Shaurya Malwa @ CoinDesk · 11/04/2024 22:16 EDT

BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets

A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet. Read more

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