Author: Crypto Insider

Tether has long dominated the stablecoin sector thanks in large part to USDT’s status as the first fiat-backed stablecoin. However, new serious competitors have entered the stablecoin market over the past several years, giving USDT a run for its money. Since 2024, the transaction volume of Circle’s stablecoin, USD Coin, has been on the rise. According…

MicroStrategy executive chair Michael Saylor speculated that the United States Securities and Exchange Commission will deny listing and trading of spot Ether exchange-traded funds. Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said the SEC would label ETH as a crypto asset security under its regulatory purview and not a commodity under the U.S. Commodity…

Coinbase’s first-quarter earnings report — released May 2 — indicated the company has been thriving thanks to a vibrant market for Bitcoin and Ethereum over the last several months. However, the numbers indicated Base platform has shown even greater potential — and could make Coinbase the NVIDIA of decentralized finance (DeFi). Launched in August 2023, Base is a…

Ethereum restaking protocol EigenLayer is airdropping around 28 million more of its native EIGEN tokens to over 280,000 wallets — just days after its first airdrop announcement. On Monday, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive. In a…

Central bank digital currencies (CBDCs) offer governments the ability to exert absolute control over currency. They should be rejected by all fair-minded blockchain leaders, but that unfortunately is not the case. In June 2023, the International Monetary Fund (IMF) noted that most cryptocurrency innovations have come from the private sector. But it praised central banks for “catching…

The inflows from the recently launched spot Bitcoin exchange-traded funds (ETFs) in Hong Kong are not enough to cover the outflows from the 11 United States-based spot Bitcoin ETFs. So far, the Hong Kong ETFs saw $217 million worth of net inflows this week, according to a May 2 X post by James Butterfill, the…