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The Chemours Co is a global provider of chemicals. It delivers customized solutions with a wide range of industrial and specialty chemicals products for various markets including coatings, plastics, refrigeration, air conditioning, etc. The company's operating segments include Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It generates maximum revenue from the Titanium Technologies segment. The Titanium Technologies segment is a producer of TiO2 pigment, a premium white pigment used to deliver whiteness, brightness, opacity, durability, efficiency, and protection across a variety of applications. Geographically, the company derives a majority of its revenue from North America.

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Key indicators of the financial market&#8217;s health reacted as investors began to parse early results of the high-stakes presidential battle between Donald Trump and Kamala Harris.
What happened:&nbsp;
<ul>
<li>Stock futures edged higher on election night, with those tied to the Dow Jones Industrial Average lifting 277 points, or 0.67%, as of 9 p.m. ET. Futures linked to the S&amp;P 500 were up 0.55%.</li>
</ul>
<ul>
<li>Oil prices took a hit, with the U.S. West Texas Intermediate (WTI) falling 0.44% to $71.69 a barrel. Price rose 6%, however, in the week preceding the election.</li>
</ul>
<ul>
<li>Spot gold rose by 0.15% to $2,747.98 per ounce, with gold futures on the Commodity Exchange (COMEX) also climbing by 0.17%.</li>
</ul>
<ul>
<li>Currency traders picked up the greenback as the U.S. Dollar Index, or the DXY, rose 1.20% to climb above 104.&nbsp;</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756625/will-donald-trump-prematurely-claim-victory-5-polymarket-markets-to-watch-on-election-nigh">Will Donald Trump Prematurely Claim Victory? 5 Polymarket Markets To Watch On Election Night</a>
Why It Matters: The moves come as Trump <a href="https://www.benzinga.com/news/24/11/41762845/trump-wins-kentucky-indiana-harris-scores-vermont-as-polls-begin-to-close-across-us">won the red states of Kentucky, Florida and Indiana</a>, while Harris secured victory in Massachusetts, New Jersey, and New York.&nbsp;
The fight was getting tighter in battleground states, with Trump leading Georgia and Harris staying ahead in Pennsylvania, according to the Associated Press.
Leading cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also soared in anticipation of a Trump victory, with the apex cryptocurrency powering above $73,000.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763299/trump-themed-cryptos-nfts-surge-in-expectations-of-former-presidents-victory-coin-inspired">Trump-Themed Cryptos, NFTs Surge In Expectations Of Former President&#8217;s Victory — Coin Inspired By Harris Falls 13%</a></li>
</ul>

News

Markets

$BTC

$ETH

Bitcoin Past $73K — Dollar, Gold, Stock Futures Rise As Trump-Harris Results Trickle In

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

Trading Ideas

Bitcoin Futures Pass $73K

Leading cryptocurrencies jumped as polls began to close in the high-stakes presidential election between Donald Trump and Kamala Harris.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+4.68%</td>
<td>$71,154.46</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.23%</td>
<td>$2,460.12</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+8.20%</td>
<td>$0.1763</td>
</tr>
</tbody>
</table>
</figure>
What Happened: After days of retracement, Bitcoin got back in the groove as it breached the $71,000 level. The leading cryptocurrency was just 3.8% away from its all-time high of $73,737.
Ethereum also approached $2,500, while Dogecoin, the king of joke coins, surged by more than 8% as election results began to come in.
Trump was leading in the battleground states of Georgia and Florida, resulting in his <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1730855062824">odds </a>on Polymarket shooting to 72%.&nbsp;
Ethereum also encountered heavy sell-offs, while Dogecoin outperformed the market with over 8% gains in the last 24 hours.
Short sellers suffered as more than $133 million in bearish bets were wiped out due to the rally.&nbsp;
Bitcoin's Open Interest spiked 3.70%, while top traders on the cryptocurrency exchange Binance remained bullishly positioned for the coin.&nbsp;
Market participants remained "Greedy," as per the Cryptocurrency Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Artificial Superintelligence Alliance(FET)</td>
<td>+1.27%</td>
<td>$0.1633</td>
</tr>
<tr>
<td>Cat in a dogs world (MEW)</td>
<td>+11.44%</td>
<td>$0.008809</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>+10.59%</td>
<td>$469.17</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.34 trillion, following a spike of 5.22% in the last 24 hours.
Stocks surged sharply Tuesday in anticipation of the results. The Dow Jones Industrial Average gained 427.28 points, or 1.02%, to close at 42,221.88. The S&amp;P 500 jumped 1.23% to end at 5,782.76, while the tech-focused Nasdaq Composite closed 1.43% higher at 18,439.17.
Stock futures also ascended in anticipation, with those linked to the Dow popping more than 300 points overnight.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Michaël van de Poppe noted Bitcoin's move above $71,000 amid Trump's lead in the battleground states of Virginia and Florida.
"This might not be as tight as it was expected. This might also be the kickstart of the bull market + a weak labor market," the analyst predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> breaking $70K and makes a new high, as Trump takes a significant lead in Georgia, Florida, Virginia and South Carolina. This might not be as tight as it was expected. This might also be the kickstart of the bull market + a weak labor market.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1853958629365289455?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, indications of profit-taking by whales also surfaced after influential analyst Ali Martinez drew attention to the sharp drop in addresses holding more than 1,000 BTCs leading up to the election.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> whales are dialing back exposure ahead of the U.S. elections, with a 2% drop in addresses holding over 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/rlq6Y5YJ93">pic.twitter.com/rlq6Y5YJ93</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1853777283061850450?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41754690/worlds-largest-political-bettor-gives-donald-trump-a-90-chance-of-winning-election-citing-">World&#8217;s Largest Political Bettor Gives Donald Trump A 90% Chance Of Winning Election, Citing &#8216;Real&#8217; Numbers</a></li>
</ul>

$DOGE

Bitcoin Hits $71K, Ethereum, Dogecoin Surge As Results Trickle In For Trump-Harris Presidential Battle: Analyst Predicts 'Kickstart Of The Bull Market'

Florida voters rejected an initiative to legalize marijuana for adult use. Known as Amendment 3, the initiative did not garner the 60% votes necessary Tuesday to pass a constitutional amendment though it did get a clear majority.
The initiative enjoyed star-studded endorsements, including from <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">former President Donald Trump</a>, who is a Florida resident. But it faced tough and sustained GOP opposition from Gov. <a href="https://www.benzinga.com/topic/ron-desantis" target="_blank" rel="noreferrer noopener">Ron DeSantis</a> and the Florida Republican Party.
With 93% of votes counted, the amendment failed with 55.8% yes votes and 44.2% no votes, according to the Associated Press.
Smart &amp; Safe Florida, the campaign that got the initiative onto the ballot, put out a notice shortly after receiving the news.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/O7X6zHZEY0">pic.twitter.com/O7X6zHZEY0</a>
&mdash; Smart &amp; Safe Florida (@SmartandSafeFl) <a href="https://twitter.com/SmartandSafeFl/status/1853974758641049896?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In the weeks before Election Day, DeSantis held a string of conferences denouncing the amendment. Campaign groups opposing legalization were essentially staffed by DeSantis allies. In what many called misusing public money, the Florida <a href="https://www.benzinga.com/markets/cannabis/24/09/41036799/desantis-provokes-outrage-over-taxpayer-funded-ads-linking-marijuana-legalization-to-car-crashes">transportation department ran ads</a> saying that DUI crashes increased in states with legal marijuana, which caused the Amendment 3 campaign to send out cease-and-desist notices.
<h2 class="wp-block-heading">Cannabis Industry Responds</h2>
"While it's disappointing to see Florida's Amendment 3 fall short of the 60% threshold necessary, it's important to recognize the bipartisan voter support that the measure received," said Anthony Coniglio, CEO of <a href="https://newlake.com/" target="_blank" rel="noreferrer noopener">NewLake Capital Partners, Inc</a>. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NLCP#OTC">NLCP</a>). 
"Constitutional amendments requiring 60% approval are always difficult but Americans&#8217; support for the cannabis industry is undeniable. These results don't erase the progress the sector has made or the growing public support for cannabis nationwide."
Tyler Beuerlein, business development officer at Safe Harbor Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHFS#NASDAQ">SHFS</a>), acknowledged that state-level changes do not automatically resolve broader industry challenges.
"Despite both major political parties now voicing support for cannabis reform, federal legalization remains complex, with numerous unresolved issues around banking, interstate commerce, and comprehensive regulatory frameworks."
<ul>
<li>Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41755971/desantis-on-wrong-side-of-history-curaleaf-chair-says-as-governor-calls-trulieve-big-pharma-on-s">DeSantis &#8216;On Wrong Side Of History,&#8217; Curaleaf Chair Says: Governor Calls Trulieve &#8216;Big Pharma On Steroids&#8217;</a></li>
</ul>
Illustration created using artificial intelligence.

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Politics

Legal

NLCP

SHF Holdings, Inc. - Class A Common Stock

SHFS

Florida Rejects Cannabis Legalization Amendment Supported By Trump, Detested By DeSantis

On Election Day 2024, major U.S. indices ended on a positive note. As the election results began rolling in, Dow Futures jumped nearly 400 points. 
For the day, the Dow Jones Industrial Average rose 1.02% to close at 42,221.88, the S&amp;P 500 increased 1.23% to 5,782.76, and the Nasdaq climbed 1.4% to 18,439.17.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media&#8217;s stock saw a significant surge, closing the day with a decrease of 1.16% at $33.94. The stock&#8217;s intraday high and low were $40.74 and $31.45 respectively, with a 52-week range of $79.38 to $22.55. The <a href="https://www.benzinga.com/news/24/11/41763035/trump-media-stock-shoots-up-over-10-in-after-market-trading-as-ex-president-scores-victories-in-kent">substantial increase</a> in Trump Media's stock in the after-hours is driven by the ongoing U.S. elections and the third-quarter financial results.
Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)
Reddit&#8217;s stock closed the day with an increase of 12.58% at $122.57. The stock&#8217;s intraday high and low were $122.68 and $110.27 respectively, with a 52-week range of $123.6 to $37.35. Election day saw voters visiting polling locations and social media mavens <a href="https://www.benzinga.com/news/24/11/41761596/redditors-track-election-night-must-watch-threads-for-trump-vs-harris-showdown-other-races">sharing opinions</a> and local reports in megathreads, polls and comments on Reddit.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41704760/bitcoin-ethereum-dogecoin-reverse-as-trumps-odds-fall-on-betting-markets-trader-says-bull-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Reverse As Trump&#8217;s Odds Fall On Betting Markets: Trader Says &#8216;Bull Run Will Begin&#8217; For This Crypto After The Election</a>
Devon Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)
Devon Energy&#8217;s stock closed the day with an increase of 0.51% at $39.34. The stock&#8217;s intraday high and low were $39.59 and $38.79 respectively, with a 52-week range of $55.09 to $37.77. The company reported <a href="https://www.benzinga.com/news/earnings/24/11/41762517/devon-energy-q3-earnings-eps-beat-production-forecast-raise-and-more">third-quarter earnings</a> of $1.30 per share, beating analyst estimates of $1.14 per share.
Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
Super Micro Computer&#8217;s stock closed the day with an increase of 6.42% at $27.70. The stock&#8217;s intraday high and low were $28 and $25.1 respectively, with a 52-week range of $122.9 to $23.9. The company&#8217;s stock <a href="https://www.benzinga.com/news/earnings/24/11/41750022/super-micro-computer-stock-is-in-the-spotlight-ahead-of-q1-earnings-whats-going-on">bounced back</a> after falling nearly 50% last week after the firm's independent auditor raised governance and transparency concerns. Super Micro Computer faced intense scrutiny ahead of its first-quarter earnings, with shares down amid governance issues, a key auditor's exit, and risks to its <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41745935/super-micro-computer-posts-q1-earnings-are-delisting-fears-here-to-stay-or-can-the-stock">partnership with Nvidia</a>. Analysts remain cautious, citing transparency concerns and potential Nasdaq delisting.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock closed the day with an increase of 3.54% at $251.44. The stock&#8217;s intraday high and low were $255.28 and $246.21 respectively, with a 52-week range of $273.54 to $138.8. CEO Elon Musk <a href="https://www.benzinga.com/news/24/11/41738613/elon-musk-rejects-rumors-of-a-tesla-phone-but-says-the-ev-giant-will-have-to-make-one-if-this-happen">refuted rumors</a> that the company is considering building a phone.
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734072/bitcoin-ethereum-slip-while-dogecoin-surges-ahead-of-presidential-election-analyst-predict?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Slip While Dogecoin Surges Ahead Of Presidential Election; Analyst Predicts BTC Will Hit $100K+ Regardless Of Trump Or Harris Win</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

RDDT

SMCI

TSLA

Trump Media, Reddit, Devon Energy, Super Micro Computer, And Tesla Buzzing Among Investors On Election Day

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) executive chair Jeff Bezos has sold off a significant chunk of his Amazon shares, according to a filing with the U.S. Securities and Exchange Commission.
What Happened: Bezos recently divested 1.07 million shares of Amazon stock at $200.07 per share, raking in approximately $213.8 million. As per the SEC filing on Tuesday, this transaction leaves Bezos with 926.41 million shares of the e-commerce giant.
Bezos isn&#8217;t the only Amazon insider to have sold shares recently. Director Jonathan Rubinstein also offloaded $1 million worth of shares, while Douglas Herrington, CEO of Worldwide Amazon Stores, sold $696,360 worth of Amazon shares.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41734887/cathie-woods-latest-shake-up-dumps-palantir-and-jack-dorseys-block-along-with-tesla-buys-amazon-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">DJT Stock Volatile On Election Day: Donald Trump&#8217;s Media Company Reports Q3 Earnings, Growth Initiatives</a>
Why It Matters: Amazon&#8217;s stock remains a compelling investment opportunity, according to Bernstein analyst Mark Shmulik. Shmulik maintained an &#8220;Outperform&#8221; rating on the stock with a $235 price target, citing Amazon&#8217;s promising future despite <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41737293/amazon-stock-buy-now-pay-off-later-says-analyst">planned infrastructure spending</a>.
Amazon&#8217;s strong performance has also attracted the attention of prominent investor Cathie Wood, who recently <a href="https://www.benzinga.com/markets/equities/24/11/41734887/cathie-woods-latest-shake-up-dumps-palantir-and-jack-dorseys-block-along-with-tesla-buys-amazon-">made significant trades</a> in the company&#8217;s stock. 
The company recently reported third-quarter net sales of $158.9 billion, surpassing expectations and marking an 11% increase from the previous year. This positive performance has contributed to a rise in Amazon&#8217;s stock price, which saw a significant uptick <a href="https://www.benzinga.com/news/24/11/41688665/amazon-posts-upbeat-results-joins-cardinal-health-waters-atlassian-charter-communications-mastec-and">following the earnings announcement</a>.
Price Action: Amazon stock closed at $199.50 on Tuesday, rising by 1.90% during the day. In after-hours trading, the stock dipped 0.20%. Year-to-date, Amazon&#8217;s stock has seen substantial growth, up by 33.06%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41734592/palantir-trump-media-hims-hers-health-nxp-semiconductors-and-tesla-why-these-5-stocks-are-on-inv?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">PLTR, DJT, HIMS, NXPI, TSLA: Top 5 Trending Stocks Today</a></li>
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Image via Flickr/ Daniel Oberhaus
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Jeff Bezos Sells $214M Worth Of Amazon Shares In Latest Stock Move, Here's How Much He Still Owns

As polls begin to close for <a href="https://www.benzinga.com/news/24/11/41762845/trump-wins-kentucky-indiana-harris-scores-vermont-as-polls-begin-to-close-across-us">the high-voltage 2024 presidential race</a>, Tesla and SpaceX CEO Elon Musk has revealed his intentions to extend his pro-Trump super PAC beyond the 2024 election.
What Happened: On Tuesday night, during a live session on his social media platform, X, formerly Twitter, Musk announced his plans to now focus on the 2026 midterms and local races.
He suggested that a Trump victory would indicate a public desire for change. &#8220;I think there's a sea change in the country,&#8221; Musk said. &#8220;I hope I'm not wrong about that.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Drag everyone you know to vote!!! <a href="https://t.co/TDwrH01EkA">https://t.co/TDwrH01EkA</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1853949501364383957?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This information was first <a href="https://apnews.com/live/trump-harris-election-updates-11-5-2024">reported</a> by the Associated Press.
See Also: <a href="https://www.benzinga.com/general/politics/24/11/41732623/bakery-that-often-predicts-election-outcomes-has-this-candidate-winning-in-trump-harris-battle-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bakery That Often Predicts Election Outcomes Has This Candidate Winning In Trump, Harris Battle: &#8216;Doughmacracy For All!&#8217;</a>
Why It Matters: Last month, it was reported that Musk's publicly disclosed political contributions have <a href="https://www.benzinga.com/news/24/10/41561298/elon-musk-pumps-more-than-130m-into-trump-and-gop-campaigns">surpassed $130 million</a>, though the real amount may be greater.
Allegations also surfaced that the tech mogul was financially backing a "dark money" nonprofit, which contributed $3 million to a super PAC airing ads that depict Vice President Kamala Harris in a conflicting light on her stance toward Israel.
However, his political activities have not been without controversy. Musk was <a href="https://www.benzinga.com/news/24/10/41651620/elon-musk-ordered-to-attend-court-hearing-over-1m-election-giveaway">summoned to court over a $1 million lottery</a> organized by his political action committee.
The lawsuit questioned the legality of the lottery, which targeted registered voters in pivotal states.
Meanwhile, Musk has been vocal about his vision for <a href="https://www.benzinga.com/personal-finance/24/11/41701075/elon-musk-warns-of-hardship-for-americans-if-trump-puts-him-in-charge-of-cutting-33-trillion-deb">government efficiency, warning</a> of potential hardship for Americans if Republican candidate Donald Trump appoints him to lead efforts to cut the $33 trillion debt.
Analysts believe a Trump victory could be a potential <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41709990/trump-and-tesla-what-the-future-holds-for-elon-musks-ev-giant-in-case-of-a-gop-win">positive for Musk&#8217;s company Tesla</a>, despite the overall impact on the electric vehicle industry.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/41710411/market-analyst-who-predicted-trumps-2016-win-and-bidens-2020-victory-now-sees-former-president-retak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Analyst Who Predicted Trump&#8217;s 2016 Win And Biden&#8217;s 2020 Victory, Now Sees Former President Retaking The White House With &#8216;Large Majority Of Swing States&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Elon Musk Is Already Eyeing 2026 Midterms, Plans To Expand Pro-Trump PAC Beyond Current Election: 'There's A Sea Change In The Country'

PoltiFi tokens and non-fungible tokens (NFTs) inspired by former President Donald Trump took flight as the GOP nominee gained the upper hand in key battleground states.
What happened: Maga, the largest of all Trump-themed coins, shot up 21% in the last 24 hours to a market capitalization of $185 million, <a href="https://www.coingecko.com/en/categories/politifi">according</a> to CoinGecko.
Doland Tremp, parodying the former president&#8217;s name, swelled nearly 40%, while Maga Hat ballooned to 21%.&nbsp;
Interestingly, despite having a lower market cap, MAGA clocked higher trading volume than TRUMP.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:23 p.m. ET)</td>
</tr>
<tr>
<td>Doland Tremp (TREMP)</td>
<td>+39.6%</td>
<td>$0.4114</td>
</tr>
<tr>
<td>Maga Hat (MAGA)</td>
<td>+21.1%</td>
<td>$0.0001982</td>
</tr>
<tr>
<td>Maga (TRUMP)</td>
<td>+18.4%</td>
<td>$4.11</td>
</tr>
<tr>
<td>Trump 47 (47)</td>
<td>+11.2%</td>
<td>$0.01437</td>
</tr>
</tbody>
</table>
</figure>
In contrast, Kamala Horris (KAMA), a coin themed around Vice President Kamala Harris, tumbled over 13% in the last 24 hours.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41752969/nate-silvers-closest-call-yet-how-2024s-election-stands-apart-from-his-predictions-in-2016">Nate Silver&#8217;s Closest Call Yet: How 2024&#8217;s Election Stands Apart From His Predictions In 2016 And 2020</a>
Trump's NFT collections also received a boost. The latest of his digital cards, "America First Edition," saw its floor price increase 5% in the last 24 hours, <a href="https://nftpricefloor.com/trump-digital-trading-cards-america-first-edition">according </a>to NFT Price Floor.
The "Mugshot Edition," launched in Dec. 2023, was up 2.94%.&nbsp;
For the uninitiated, the floor price of an NFT is the lowest price at which an NFT in a collection can be purchased. It&#8217;s a key metric for buyers to understand the market value and accessibility of a collection.
The spike in Trump-associated cryptocurrencies came as the Republican hopeful <a href="https://www.benzinga.com/news/24/11/41762845/trump-wins-kentucky-indiana-harris-scores-vermont-as-polls-begin-to-close-across-us">won the red states of Kentucky, Florida and Indiana</a>, and was leading in the swing state of Georgia as of this writing.
Image via Flickr
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756372/robinhoods-election-contracts-hit-200-million-trades-on-election-day">Robinhood&#8217;s Election Contracts Hit 200 Million Trades On Election Day</a></li>
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Trump-Themed Cryptos, NFTs Surge In Expectations Of Former President's Victory — Coin Inspired By Harris Falls 13%

General

Updated Electoral Vote Count As Of 8:53 p.m. ET: AP Projects Trump With 101 Electoral Votes, Harris With 71 Electoral Votes

AAWH

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

AUSAF

AVTBF

AYRWF

BBRRF

BHHKF

BLOZF

BMMJ

CANN

CBDY

CBMJ

CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CHOOF

CLSH

CLVR

CNBS

CNBX

CNGGF

CNPOF

CNTMF

CNVCF

CPHRF

CRLBF

CRON

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

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