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Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes With Trump Victory

[Nov 6, 2024 12:00 PM] MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.

Trump Declared 47th US President as AP Calls Election With 277 Electoral Votes

[Nov 6, 2024 11:46 AM] According to the Associated Press, Donald Trump has secured victory in the 2024 U.S. presidential election, garnering 277 electoral college votes compared to Kamala Harris’s 224. Trump’s Election Victory Confirmed by AP The Associated…

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

[Nov 6, 2024 11:00 AM] One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in…

Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency

[Nov 6, 2024 10:25 AM] Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.

Dogecoin Rockets 25% as Trump Nears Victory, Top Trader Signals More Gains Ahead

[Nov 6, 2024 9:47 AM] “There is going to be a media frenzy about Elon and how his aggressively backing Trump and the 'Department of Government Efficiency' narrative could have been a deciding factor for a Trump win,” one trader said.

Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish

[Nov 6, 2024 8:21 AM] Buoyed by donations and votes from a digital asset industry he aggressively courted, Trump won a second term to the White House in his third bid for the U.S.'s highest office.

Solana Jumps 17%, Flips BNB Chain Token, as Trump's Lead Renews ETF Hopes

[Nov 6, 2024 7:33 AM] An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL’s prices.

Crypto Already Won Election as Trump Rises and Senate's Sherrod Brown Falls

[Nov 6, 2024 7:15 AM] Having $169 million to spend on U.S. congressional elections can produce fast results in Washington, as the crypto sector's campaign-finance blitz this year helped rid it of a powerful Democratic senator who stood in the way of legislation and also…

Bitcoin Rises Nearly 10% Against Mexican Peso as 'Trump Trade' Soars; Gold Stays Flat

[Nov 6, 2024 5:33 AM] Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.

Binance Charity Donates $3 Million to Spain’s Red Cross for Flood Relief

[Nov 6, 2024 5:30 AM] Binance has contributed $3 million to Spain’s Red Cross to support relief efforts following devastating floods in Valencia. Spanish Red Cross Receives $3M Donation from Binance to Aid Valencia Flood Victims In response to severe flooding that has…

Bitcoin Hits New Record Above $75K as Trump Dominates Early Voting

[Nov 6, 2024 3:09 AM] Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.

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

[Nov 5, 2024 10:11 PM] 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.

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

[Nov 5, 2024 9:34 PM] Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

Live Updates: Trump Likely to Win 2024 U.S. Election

[Nov 5, 2024 9:00 PM] Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk.

Former Bitcoin Developer Amir Taaki Calls for Ross Ulbricht’s Freedom on Election Day

[Nov 5, 2024 7:10 PM] Amir Taaki, a former Bitcoin developer, voiced strong support for Ross Ulbricht, founder of Silk Road, in a statement released on U.S. Election Day, emphasizing Ulbricht’s influence on the cryptocurrency landscape and urging his release from…

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

[Nov 5, 2024 7:06 PM] Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.

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

[Nov 5, 2024 6:40 PM] Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are "more sensitive" to the election results.

Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds

[Nov 5, 2024 4:38 PM] The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.

Crypto Markets Brace for Election Shifts, Coin Metrics Reports

[Nov 5, 2024 3:30 PM] In its latest report, Coin Metrics explores how the U.S. election may influence crypto markets. 2024 Election: Coin Metrics Examines Crypto Volatility and Market Reactions Coin Metrics’ latest report, authored by researchers Tanay Ved and…

Bitcoin Breaks Above $70K as Crypto and U.S. Stocks Move Higher Early on Election Day

[Nov 5, 2024 3:22 PM] After a good deal of volatility over the past few days, betting markets like Polymarket

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

[Nov 5, 2024 3:20 PM] 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.

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

[Nov 5, 2024 3:11 PM] 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.

Prediction Markets Give Trump the Edge on Election Day

[Nov 5, 2024 2:30 PM] Recent numbers from prediction markets suggest that former President Donald Trump is holding a substantial edge over Vice President Kamala Harris. Battle for the White House Bettors have shown a consistent shift in support for Donald Trump in the…

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

[Nov 5, 2024 2:24 PM] Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.

CoinDesk 20 Performance Update: NEAR Gains 4.8% as Almost All Assets Trade Higher

[Nov 5, 2024 2:21 PM] Hedera was also among the top performers, rising 4.1% from Monday.

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

[Nov 5, 2024 1:03 PM] 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.

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

[Nov 5, 2024 11:23 AM] The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.

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

[Nov 5, 2024 10:14 AM] Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

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

[Nov 5, 2024 10:11 AM] The company's stock is the best-performing Japanese equity this year, having gained nearly 840%, according to Investing.com.

Dogecoin Rallies 10%, Bitcoin ETFs Bleed $541M Ahead of U.S. Elections

[Nov 5, 2024 7:54 AM] BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.