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(Bloomberg) -- S&P Global Ratings put a positive outlook on Ireland’s credit rating, underscoring just how robust the country’s finances are ahead of next month’s general election.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe ratings firm expects Ireland to use pro

Hedge funds including Millennium Management, Capula Management and Tudor Investment increased their exposure to U.S. spot bitcoin exchange-traded funds in the third quarter, securities filings showed, as a popular election-driven arbitrage trade ramped up. The cryptocurrency surpassed the $90,000 level to reach an all-time high earlier this week, although it has pared gains. During the election price volatility, some hedge funds have been taking advantage of a price difference between spot bitcoin and its derivatives in the futures market in a leveraged trade, according to analysts.

Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at slowing down the pace of rate cuts.

The bitcoin maximalist is bullish on the cryptocurrency in the aftermath of Trump's successful White House bid.

A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact. The decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in the Finger Lakes region that has drawn the ire of environmental groups and watchdogs since it began mining bitcoin four years ago. Like other large-scale crypto-mining operations, Greenidge relies on thousands of electricity-guzzling computer servers that generate bitcoin by solving complex equations.

A bitcoin hack that's now worth billions of dollars and a scheme to launder those proceeds resulted in Ilya Lichtenstein being sentenced to five years in prison.

Wealth management clients of Wall Street banks like Goldman Sachs, Bank of America, Morgan Stanley in the third quarter continued to modestly accumulate (or trade) bitcoin via the spot bitcoin exchange-traded funds.

Here are the stocks making the biggest market moves midday.

The office, known for high-profile crypto cases, will allocate fewer resources to pursuing crypto firms in Trump's second term, a report says.

"I think we are going to be looking at rates coming down over the next year along the line the dot-plot said," Goolsbee told Bloomberg TV, referring to Fed projections released in September that depict the rate-path forecasts of the Fed's 19 policymakers as dots on a chart. The median view of that dot plot was for the Fed policy rate to end this year at 4.4%, a quarter of a percentage point below where it is today, and to be 3.4% by the end of next year.