Author: Crypto Insider

Stablecoin inflows to cryptocurrency exchanges are seeing a sharp rise after Donald Trump’s win in the United States presidential race and the 25 basis point cut by the Federal Reserve on Nov. 7. ERC-20 stablecoins flood exchanges Following the US presidential election results on Nov. 6, a substantial $9.3 billion worth of ERC-20 stablecoins were…

While decentralized finance (DeFi) technology is advancing within the Web3 space, a crypto executive said the sector still has a long way to go. At the recent Binance Blockchain Week in Dubai, Agne Linge, a former director of Binance Lithuania who now works with Web3 projects WeFi and Yellow Network, told Cointelegraph that while regulations…

BlackRock, the world’s largest asset manager, has seen the highest daily inflows into its spot Ether exchange-traded fund (ETF) in 94 days. BlackRock’s iShares Ethereum Trust ETF (ETHA) clocked $60.3 million in inflows on Nov. 8, the highest amount since Aug. 6, when it amassed $109.9 million, according to Farside data. BlackRock’s large inflows come amid…

The Ethereum Foundation introduced a short-lived testnet called Mekong to allow developers to experiment with future upgrades before they reach the Ethereum mainnet. On Nov. 7, the Ethereum Foundation — a nonprofit organization that supports Ethereum — announced it would launch the “Mekong testnet,” to allow developers to explore user experience (UX) changes and familiarize themselves with upcoming…

Eclipse, the first layer-2 network that combines Ethereum and Solana into one blockchain, has officially gone live. Eclipse allows users to transact on Ethereum faster and more cheaply using the Solana Virtual Machine (SVM) to execute transactions. Like other Ethereum L2s, the network bundles transactions and settles them on the Ethereum mainnet. The Eclipse Foundation…

The 2024 United States presidential election brought substantial shifts in crypto policy outlooks as Donald Trump prepares to return to the White House for a second term. Following Trump’s victory and the Republican Party securing control of the Senate — with a House of Representatives majority also within reach — crypto advocates, including Coinbase CEO Brian Armstrong,…