Trump’s presidential victory inspired a new wave of optimism, including predictions for an imminent Ether rally to $3,200 and hopes for a reform of the US SEC.
Ethereum news
High-risk DeFi loans have soared since the US elections, just months after Curve’s founder was liquidated for over $100 million.
Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.
The Ethereum Foundation said the ecosystem is supported by over $22 billion in treasury funds across Ethereum-based projects.
The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7.
In November, L2s have been posting some 3x more transaction data each day to mainnet than they did in March.
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.
The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.
The Ethereum Foundation launches Mekong, a short-term testnet allowing developers to explore UX and staking updates for the upcoming Pectra fork.
The bumper inflow day came despite BlackRock’s leading fund, ETHA, showing a net zero flow.