The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.” Source: https://www.coindesk.com/policy/2024/11/07/sec-seeks-to-dismiss-three-of-krakens-key-defenses-in-us-lawsuit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The President-Elect promised pardons for the protestors and to commute Ulbricht’s sentence when he was on the campaign trail. Source: https://www.coindesk.com/markets/2024/11/07/donald-trump-more-likely-to-pardon-jan-6-protestors-than-silk-road-founder-polymarket/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency’s total supply, the report said. …

The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election. Source: https://www.coindesk.com/markets/2024/11/07/this-metric-points-to-rotation-from-gold-to-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades. Source: https://www.coindesk.com/markets/2024/11/07/ether-surges-10-as-trump-victory-brings-back-defi-bullishness/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments. Source: https://www.coindesk.com/markets/2024/11/07/what-next-for-bitcoin-after-trump-win-traders-look-to-fed-rate-cuts-for-bullish-btc-move/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto exchange Coinbase’s shares closed the day 31% higher, leading gains among digital asset-related stocks. Source: https://www.coindesk.com/markets/2024/11/06/bitcoin-blasts-past-76k-for-first-time-as-violent-crypto-rally-liquidates-nearly-400m-shorts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and …

If the prediction market’s traders are right – and lately, they’ve been right – the election results are even more bullish for crypto than they appear. Source: https://www.coindesk.com/markets/2024/11/06/polymarket-projects-a-gop-house-clinching-trump-trifecta/?utm_medium=referral&utm_source=rss&utm_campaign=headlines