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. …

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. Source: https://www.coindesk.com/markets/2024/11/05/bitcoin-gives-up-gains-as-us-election-anxiety-unleashes-crypto-volatility/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Up-to-the minute coverage on the presidential and congressional races and how they stand to shape crypto legislation and regulation from CoinDesk. Source: https://www.coindesk.com/policy/2024/11/05/2024-election-trump-harris-bitcoin-crypto-live-updates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead. Source: https://www.coindesk.com/business/2024/11/05/will-us-election-change-crypto-maybe-but-tradfi-giants-likely-to-plow-ahead-regardless/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The pilot was run as part of the Monetary Authority of Singapore’s Project Guardian. Source: https://www.coindesk.com/tech/2024/11/05/chainlink-ubs-asset-management-swift-complete-pilot-to-extract-cash-from-tokenized-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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, …

After a good deal of volatility over the past few days, betting markets like Polymarket Source: https://www.coindesk.com/markets/2024/11/05/bitcoin-breaks-above-70k-as-crypto-and-us-stocks-move-higher-early-on-election-day/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low. Source: https://www.coindesk.com/markets/2024/11/05/makerdaos-christensen-hopes-for-firm-decision-as-mkr-holders-vote-on-sky-brand/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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 …

The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week. Source: https://www.coindesk.com/markets/2024/11/05/bitcoin-mining-difficulty-tops-100t-for-first-time-piling-pressure-on-small-miners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines