Bitcoin’s “bullish setup” into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said. Source: https://www.coindesk.com/markets/2024/10/28/dogecoin-jumps-10-outperforming-on-trump-popularity-as-bitcoin-nears-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The SFC’s Eric Yip said the panel will include representatives from each licensed exchange. Source: https://www.coindesk.com/policy/2024/10/28/hong-kong-sfc-to-establish-consultative-panel-for-licensed-crypto-exchanges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Regulatory updates are also in the works for stablecoin issuers, OTC trading services and custodians. Source: https://www.coindesk.com/policy/2024/10/28/hong-kong-considering-tax-concessions-for-crypto-investments/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Initially, Kalshi’s feeds will power perpetual futures contracts on decentralized exchanges. Eventually, the centralized betting platform might referee on-chain prediction markets. Source: https://www.coindesk.com/business/2024/10/28/prediction-market-kalshi-to-supply-price-data-for-crypto-oracle-stork/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/coindesk-indices/2024/10/28/coindesk-20-performance-update-sol-gains-54-leading-index-higher-from-friday/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Elections in Georgia were more focused on whether or not the country should align further with the European Union. Source: https://www.coindesk.com/policy/2024/10/28/crypto-policy-didnt-occupy-the-spotlight-in-elections-in-austria-georgia/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

HKEX said the index will provide investors with transparent and reliable benchmarks for Bitcoin and Ether pricing in the Asian time zone. Source: https://www.coindesk.com/policy/2024/10/28/hong-kong-exchanges-and-clearing-to-launch-crypto-index-in-november/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

“Given the uncertainty, Maelstrom has 5% of the fund in staked USDe (Ethena USD), earning roughly 13%,” Hayes told CoinDesk. Source: https://www.coindesk.com/markets/2024/10/28/arthur-hayes-maelstrom-hedges-us-election-uncertainty-with-staked-usde-holds-large-btc-eth-bullish-bets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BTC’s best years have been characterized by copper’s outperformance relative to gold. Source: https://www.coindesk.com/markets/2024/10/28/bitcoin-has-a-lot-going-for-it-except-the-persistent-slide-in-copper-gold-ratio/?utm_medium=referral&utm_source=rss&utm_campaign=headlines