Donald Trump’s Nov. 5 win in the United States presidential election sets the stage for more institutional cryptocurrency adoption, according to a Benchmark research note.
Adoption news
A Trump administration may lead to a less restrictive SEC Chair and more transparent crypto regulations.
Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump’s victory.
As the Ethereum and Web3 communities gather in Bangkok for Devcon Southeast Asia 2024, this Web3 engagement platform has curated a list of the top side events, parties and networking opportunities to explore during the conference.
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.
Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.
According to DemandSage, Telegram boasts approximately 950 million monthly active users and has raised over $4 billion since its launch.
Trump’s win sparked a surge of interest in crypto, Galaxy’s CEO reportedly said.
In November, L2s have been posting some 3x more transaction data each day to mainnet than they did in March.