Jamie Crawley is a CoinDesk news reporter based in London.
CoinDesk 20 Index: 2,081.93 +0.82% Bitcoin : $67,929.41 +1.33% Ether : $2,539.37 +0.56% S&P 500: 5,809.86 +0.21% Gold: $2,723.02 -0.42% Nikkei 225: 37,913.92 -0.6%
BTC remains over 1.2% higher in the last 24 hours, outperforming other major tokens, which have posted more modest gains. ETH and SOL have risen around 0.75%, while DOGE is up nearly 1%. The broader digital asset market, as measured by the CoinDesk 20 Index, has risen just under 0.8%. Bitcoin looks on course to close the week over 1% lower, according to CoinDesk Indices data, having failed to sustain any of its ascents north of $68,000.
In a filing with the SEC on Thursday, Microsoft laid out issues to discuss at the company’s next shareholder meeting. One of the proposals suggests that the tech firm should look into bitcoin to hedge against inflation and other macroeconomic influences. “As the proposal itself notes, volatility is a factor to consider in evaluating cryptocurrency investments for corporate treasury applications that require stable and predictable investments to ensure liquidity and operational funding.
Balance, Canada’s long-standing crypto custodian, finally attained qualified custodian status this week, prompting the firm’s CEO, George Bordianu, to sayBordianu is alluding to the fact that the safekeeping of crypto assets underlying funds issued by ETF providers 3iQ, Purpose Investments and Evolve, end up in sub-custody arrangements and held by blue chip U.S. exchanges like Coinbase and Gemini, rather than remaining on Canadian soil.
The higher forward IV for the Nov. 8 expiry indicates expectations for price turbulence likely stemming from the U.S. election result.Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets.
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