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Crypto Surge: Stablecoins Latest to Get Massive Post-Election Boost
How will the crypto surge continue to change the global economic landscape?
Austin Hodge
November 13, 2024 • Read Time: 12 minutes
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Brace yourselves for an influx of digital dollars: the stablecoin supply has swelled by $5 billion since the recent U.S. election, as investors make a beeline for the crypto market. The dynamic duo of digital cash, Tether's USDT and Circle's USDC, seem to have become the liquidity lifeline in these post-election times. This surge in stablecoins amidst the bitcoin explosion and altcoin push shows how a rising tide can truly lift all (crypto) boats!
How will this surge effect various crypto components and the global landscape?
Let’s dive in!
Stablecoins USDT and USDC see $5B growth as investors rush into crypto after US election. — Read More
The Digital Chamber emphasizes the need for stablecoin legislation to maintain U.S. dollar dominance in the global crypto economy with more than $20 trillion in stablecoin transactions highlighting urgency. — Read More
Deutsche Bank highlights crypto's influence on BRICS' financial infrastructure, emphasizing its potential in payments. — Read More
Brazil set to let traditional finance institutions engage in cryptocurrency activities. — Read More
Russia and India conduct 90% of trade without using the U.S. dollar. — Read More
Trump's team discusses regulatory leniency with crypto leaders, aiming to make the U.S. the 'crypto capital'. — Read More
Market conditions and advanced trading technology create profit opportunities for white label crypto exchanges in 2025. — Read More
Coinbase introduces the COIN50 Index, a benchmark for the top 50 digital assets excluding stablecoins and privacy coins. — Read More
Revolut X extends its crypto exchange to 30 more European countries, offering fee-free maker trading and advanced analytics for professionals. — Read More
CoinShares aims to boost Swedish crypto adoption with a pet-friendly campaign, only 9% of Swedes invest in digital assets vs. Europe's 12%. — Read More
Kaiko acquires Vinter, Europe's large crypto index provider, expanding product offerings for regulated crypto products. — Read More
Bukele Celebrates $100M Bitcoin Profit
El Salvador enjoys a $100 million unrealized profit from Bitcoin, causing President Bukele to gloat.
Bitcoin Trading Volume Surges Post-Trump Election
Bitcoin trading volume hits record $170 billion as retail interest spikes following Trump's crypto-friendly election promises.
Renewed Spike in Litecoin Trading Volume and Price Volatility
Litecoin sees highest spot net inflows since November 2021, indicating shifting market dynamics.
Bitcoin Soars to New High, Bernstein Urges All-In Approach
Bitcoin hits $90k, Bernstein advises to buy, predicting $125k by year's end, pro-crypto regulations inspire optimism.
Bhutan's Bitcoin Reserves Top $1 Billion
Bhutan's Bitcoin reserves exceed $1 billion as Bitcoin prices surge in 2024.
Trump Victory Sparks Ethereum Rally, Says Consensys CEO
Trump's presidential win is seen as bullish for Ethereum despite SEC struggles, according to Consensys CEO Joe Lubin.
Vlad Zamfir Introduces Ethereum's New Conditional Transactions Platform
Ethereum time machine enables smart contracts to execute based on future events, enhancing blockchain's programming flexibility.
Starknet to Launch Staking on Ethereum Layer-2
Starknet announces staking will be available on its main network starting November 26, requiring a minimum of 20,000 STRK tokens for validators.
Canary Capital Seeks HBAR ETF Approval
Canary Capital files for HBAR spot ETF in bid to offer regulated crypto exposure.
Ethereum's Beam Chain Redesign Aims for 2027 Launch
Ethereum researcher Justin Drake outlines Beam Chain, a major consensus mechanism upgrade targeting 2027, featuring SNARKs and reduced staking.
Consensys Launches Swiss Non-Profit for Linea
Consensys forms the Linea Association in Switzerland to champion decentralization with the launch of the LINEA token by Q1 2025.
Ether ETFs Flip to Positive Flows, Surpass $135 Million
Ether ETFs in the U.S. achieved net positive inflows for the first time, driven by BlackRock's ETHA and market optimism after Trump's election win.
Trump Picks Musk to Lead New Government Efficiency Department, Tokens Soar
Department of Government Efficiency tokens surge after Trump's appointment of Musk, with gains reaching as high as 556%.
DeFi Technologies Launches SolFi Targeting Solana
DeFi Technologies introduces SolFi as a strategic investment platform focusing on Solana's blockchain, aiming for superior staking returns.
Libeara and FundBridge unveil tokenized T-Bill fund on Avalanche.
Libeara and FundBridge launch a tokenized US Treasury fund on Avalanche, amid rising demand for low-risk yield.
McDonald's Drives 500% Surge in Doodles NFT Sales
Doodles NFT sales skyrocket 500%, fueled by a McDonald's partnership announcement, with trading volume hitting 766 ETH and a 33% floor price boost.
XRP Holders Bet Big on ETF Approval Amid Market Surge
XRP traders remain optimistic about ETF approval potential, triggering a 23% price spike, and shaking up crypto market dynamics.
Solana Outpaces Ethereum in Network Growth
Solana's network is growing faster than Ethereum's, outpacing its larger rival in key metrics while its market value lags.
Peanut Squirrel Coin Blizzard: Skyrockets into Top 100
Peanut meme coin achieves $1.2B market cap, riding Trump's election wave.
PayPal Integrates LayerZero for PYUSD Cross-Chain Transfers
PayPal USD (PYUSD) is now transferable across Ethereum and Solana, via LayerZero integration, offering blockchain flexibility for users.
AI Firm Genius Group Embraces Bitcoin, Shares Surge
AI company Genius Group shifts 90% of treasury to Bitcoin, prompting a 50% share spike.
Hugging Face Champions Small Language Models for Robotics
AI Startup Hugging Face is developing small language models for use in robotics, enabling on-device AI capabilities, says CSO Thomas Wolf.
Amazon Develops AI Chips to Cut Nvidia Dependency
Amazon's AI chip push seeks to slash costs and Nvidia reliance, ramping up Austin-based Annapurna Labs.
Crypto Gaming Tokens Brace for Bull Run
Gaming execs cautiously optimistic about Web3 elements in the crypto bull run, though immature tokens pose challenges, as Pixels' PIXEL token and IMX see price surges.
SOLCAT Introduces Memecoin with Pre-Launch Game on Solana
SOLCAT launches its memecoin with a real-time pre-launch game on Solana's blockchain.
Improbable Ventures into Blockchain with Somnia
Improbable CEO discusses reluctant entry into blockchain with Somnia layer-1, amid Bored Ape plans and crypto growth.
GOMBLE Games Hits 2.5M Users with Launchpool #2 Success
GOMBLE Games concludes Launchpool #2, surpassing 2.5 million monthly active users, showcasing engagement through GOMBLE SQUAD and EggDrop integration.
Trump's Treasury Secretary Hopeful Pro-Bitcoin
Scott Bessent, Donald Trump's leading Treasury Secretary candidate, is strongly pro-crypto, particularly Bitcoin.
Trump's Crypto Revolution Begins
Trump wants to make the U.S. the 'crypto capital' by installing crypto-friendly regulators in key positions, sparking excitement and concern alike.
Bitget Revives UK Platform for Crypto Enthusiasts
Bitget re-launches its UK website, expanding digital asset access for British users.
Italy Considers Lowering Proposed Crypto Tax
Italy's government may cut proposed crypto tax from 42% to 28%, amid resistance from coalition partners and industry backlash.
UK Crypto Regulation Urgently Needed
UK faces pressure to establish robust crypto regulations amid fragmented US landscape and Trump's pro-crypto stance.
US Probes DCG Over Crypto Transfers
The US is investigating Digital Currency Group's internal transfers, while SEC also examines DCG's operations, amid disputes with Winklevoss twins.
US Seeks Crypto Tied to Bankman-Fried's China Bribes
US prosecutors aim to seize crypto used in alleged bribes to Chinese officials by Sam Bankman-Fried as part of ongoing legal actions.
D.O.G.E. Launch Shakes Up Dogecoin Market
Dogecoin surges 5% following Trump's announcement of the Department of Government Efficiency led by Elon Musk.
Chinese National Admits Role in $73M Crypto Laundering Scam
Daren Li confesses to laundering $73 million via a 'pig butchering' crypto scam involving shell companies worldwide.