Daily Market Brief

Nov 5, 2024

Daily Market Brief 241105

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market continues to slide ahead of tomorrow's election. Currently, $BTC is trading at $67,848, and $ETH is trading at $2,398.

  • For tomorrow’s election, Polymarket is pricing the odds at 59:42, and Kalshi is pricing them at 54:46, both showing a favorable result for Donald Trump.

  • A few notable headlines include: Robinhood, Kraken, Paxos, and other crypto firms launching a global dollar (USDG) on Ethereum; OpenSea’s CEO teasing the upcoming platform OpenSea 2.0; and the State of Michigan's pension fund disclosing over $10 million worth of Ethereum ETF holdings.

  • Over the last 24 hours, the top three gainers were $FWOG, $DOGE, and $XMR, while the top three losers were $GRASS, $RUNE, and $POPCAT.

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Peter-Headshot
Peter ChungHead of Research
Min-Headshot
Min JungResearch Analyst