Author: Crypto Insider

According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion. The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry. The SEC should be held accountable for its…

Utonic, an emerging restaking protocol on The Open Network (TON), received a $100-million institutional commitment in total value locked (TVL) ahead of protocol launch. The TON-based restaking protocol received a $100-million commitment from firms including Mirana Ventures and Foresight Ventures. The protocol aims to contribute to TON’s security and decentralization, according to Lemon Lin, co-founder…

Gotbit Hedge Fund is a performance-focused market maker, supporting the growth of the memecoin ecosystem by offering liquidity solutions and advising on project sustainability. In 2024, the memecoin market has become one of the fastest-growing sectors in the crypto space. What started as a lighthearted, community-driven trend has evolved into a bustling ecosystem where traders and developers…

Hong Kong’s Securities and Futures Commission (SFC) has sought opinions from industry participants on whether to introduce a new licensing regime for cryptocurrency over-the-counter (OTC) services. The new regime would see SFC, the securities and futures markets regulator, working with the Customs and Excise Department (C&ED) to supervise the companies offering crypto OTC trading services….

The creators of the Bitcoin scaling solution Bitcoin Virtual Machine (BitVM) have floated the second iteration of their sidechain, dubbed “BitVM2,” and the BitVM Bridge, which they say now offers “major improvements” to the original system. In an Aug. 15 post to X, BitVM co-founder Alexei Zamyatin shared an overview of a new whitepaper that introduces a…

As of Aug. 15, EigenLayer, a restaking platform built on Ethereum, has the leading position in the restaking ecosystem, with a total value locked (TVL) of $12.9 billion. According to IntoTheBlock (ITB) data, EigenLayer TVL witnessed an 11% increase from $11.6 billion one week prior, indicating growth in the restaking sector. Restaking involves users repurposing their…