Author: NathanofZion

After a good deal of volatility over the past few days, betting markets like Polymarket

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.

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.

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

Hedera was also among the top performers, rising 4.1% from Monday.

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.

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

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

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

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