Coinedition

Donald Trump seeks to fulfill his promise of turning the US the “crypto capital of the planet.” Trump’s advisors are looking for pro-crypto personnel for federal agencies. The advisors are also in discussion with prominent industry advocates for pro-crypto policies.

Senator Cynthia Lummis is confident of a Bitcoin Act soon. Bipartisan support is needed to actualize the Strategic Bitcoin Reserve. Senator Lummis’ bill is consistent with Donald Trump’s Bitcoin target.

Helius CEO revealed that his firm is working on a new upgrade for Solana. SOL is up 268.02% since November 2023 and has surged 47% in the past month. The new upgrade is expected to increase Solana’s TPS by 1,000 times.

SHIB surged over 80% in the past week. Whale transactions surged 565% on Shiba Inu’s network in one week. SHIB burn mechanism is contributing to the memecoin’s rally.

BounceBit has introduced the new version of CeDeFi platform. The new version includes boosted APY rewards, along with new features. In the first hour, CeDeFi attracted more than $10 million in inflows.

Bitcoin spot ETFs attracted $1.11 billion in inflows on November 11, the second-largest single-day inflow on record. BlackRock’s IBIT ETF led with a $756.45 million net inflow and a record $4.65 billion daily turnover. Total assets in Bitcoin ETFs now stand at $90.6 billion, reflecting growing investor interest in cryptocurrency products.