Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
U.S.-listed spot XRP$2.0036 exchange-traded funds (ETFs) have achieved 30 straight trading days of net inflows since launching on Nov. 13, setting them apart from bitcoin and ether ETFs, which have seen notable outflows during the same timeframe.According to data from SoSoValue, XRP spot ETFs have consistently attracted new capital daily since their inception, bringing total net inflows to around $975 million as of Dec. 12. The total net assets across these funds have risen to approximately $1.18 billion, with no recorded sessions of net redemptions.(SoSoValue) This remarkable consistency starkly contrasts with the flow dynamics seen in more established crypto ETFs.…
Kevin Hassett, a leading candidate for President Donald Trump’s choice for Fed chair, asserted that Trump’s influence would not impact the central bank’s interest rate decisions if he becomes chairman.”[He] has very strong and well-founded views about what we ought to do,” Hassett, who served as Trump’s chief economic adviser at the White House, stated on Sunday during CBS’ Face the Nation.”However, the Fed’s role is to remain independent and collaborate with the Board of Governors and the FOMC to reach a consensus on interest rates,” he continued.Hassett’s comments come after Trump recently suggested that he should be able to…
XRP is still facing challenges near the $2.00 psychological barrier, with significant trading volume suggesting aggressive selling despite generally supportive institutional narratives.News BackgroundThe price movements of XRP remain unlinked to the improving macroeconomic indicators and structural signals within crypto markets. The Federal Reserve’s recent 25 basis-point rate cut, lowering the target range to 3.5%–3.75%, represents the third adjustment this year. While this decision bolstered risk assets overall, internal disagreements within the Fed revealed ongoing inflation concerns, which constrained upside potential for speculative assets.XRP is also seeing positive effects from the growing institutional infrastructure. Recent sessions have shown steady inflows into…
A widening divide has developed in Washington, D.C., between the cryptocurrency sector and labor unions as lawmakers discuss modifications to regulations permitting cryptocurrencies in 401(k) retirement accounts.The contention revolves around proposed legislation concerning market structure that would permit retirement accounts to invest in crypto, a change that labor organizations argue could expose employees to high-risk speculation. In a letter sent to the US Senate Banking Committee on Wednesday, the American Federation of Teachers contended that cryptocurrencies are too unstable for pension and retirement savings, cautioning that employees could incur considerable losses.The letter faced immediate backlash from crypto investors and industry…
Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, your daily summary of key stories during U.S. hours and a look at market trends and analysis. For a comprehensive overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Bitcoin was trading around $89,000 as Hong Kong began another work week, having relinquished last week’s gains after the Fed announcement. FlowDesk noted that demand diminished rapidly following the 25 bps cut, with liquidity thinning as the year comes to a close.BTC and ETH saw a pullback from midweek highs, while altcoins faced continued pressures, highlighting a market…
Key takeaways The NYSE debut of Twenty One Capital experienced a significant decline of nearly 20%, reflecting a cautious approach from investors toward Bitcoin-centered public listings. Trading closely to net asset value indicates that the market did not assign a significant premium beyond the firm’s Bitcoin reserves. This downturn is indicative of broader market challenges, including Bitcoin volatility, waning interest in SPAC-led listings, and decreasing mNAV premiums. The subdued response implies that investors may now anticipate Bitcoin-focused companies to demonstrate viable, enduring revenue strategies rather than relying solely on substantial BTC holdings. Twenty One Capital, an eagerly anticipated Bitcoin-centric firm,…
Bitcoin (BTC) may experience ongoing corrections toward the $70,000 mark if the Bank of Japan (BoJ) implements the anticipated interest-rate hike on Dec. 19, as indicated by several macroeconomic analysts.Key takeaways:BoJ’s tightening measures could pressure Bitcoin by draining global liquidity.Both macro and technical indicators suggest a downside target of $70,000.Previous BoJ hikes preceded 20-30% BTC price dropsData shared by AndrewBTC indicates that every BoJ rate hike since 2024 has coincided with Bitcoin price declines exceeding 20%.In a recent X post, this analyst pointed out BTC drops of approximately 23% in March 2024, 26% in July 2024, and 31% in January…
Sure! Here’s the rewritten content while keeping the HTML tags intact: The long-discussed four-year cycle of Bitcoin continues to unfold, but its underlying factors have shifted from halving events to political influences and liquidity conditions, according to Markus Thielen, head of research at 10x Research.During his appearance on The Wolf Of All Streets Podcast, Thielen contended that declaring the four-year cycle “broken” overlooks key aspects. He believes the cycle persists, but is now influenced more by US election schedules, central bank policies, and capital flow into risk assets rather than Bitcoin (BTC)’s programmed supply reductions.Thielen highlighted historical market peaks in…
Essential Insights HashKey aims to be Hong Kong’s inaugural fully crypto-native IPO by offering 240.57 million shares in accordance with the city’s virtual asset regulatory framework. The business encompasses more than just a spot exchange, integrating trading, custody, institutional staking, asset management, and tokenization into one regulated platform. While revenue is on the rise, the company is still facing losses due to substantial investments in technology, compliance, and market growth. The majority of IPO proceeds are targeted toward funding infrastructure and international expansion, branding the listing as a long-term investment in regulated digital asset markets. HashKey intends to be the…
Memecoins are not finished despite the current market downturn and reduced interest, according to Keith A. Grossman, president of payment infrastructure firm MoonPay. He believes memecoins will return in a new form.The true innovation of memecoins lies in the ability to easily and affordably tokenize attention through blockchain technology, thereby democratizing access to the attention economy, Grossman stated. He proceeded:“Prior to crypto, only platforms, brands, and a select group of influencers could monetize attention. Everyone else generated value and gave it away for free. Likes, trends, inside jokes, and communities produced enormous economic value.” The memecoin sector saw a significant…