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.
Coinbase (COIN), the cryptocurrency exchange, has announced an expansion of its partnership with Standard Chartered (STAN), a crypto-friendly bank. This collaboration aims to explore the creation of trading, prime services, custody, staking, and lending products specifically designed for institutional clients.This agreement builds upon their existing partnership in Singapore, where Standard Chartered facilitates banking connectivity, allowing Coinbase’s clients to make real-time transfers in Singapore dollars, as stated in a press release.As time progresses, Coinbase is increasingly recognized as a trustworthy entity among institutions, including banks. Recent developments, such as JPMorgan’s (JPM) integration of the JPM Coin deposit token with Base, Coinbase’s…
US Commodity Futures Trading Commission Acting Chairman Caroline Pham has removed “outdated guidance” on the delivery of crypto, which has been welcomed for granting exchanges greater flexibility.“Removing outdated and overly complex guidance that penalizes the crypto industry and suppresses innovation is precisely what the Administration aims to achieve this year,” Pham stated on Thursday.The guidance, initially finalized in March 2020, pertained to when the “actual delivery” of crypto occurred in a commodity transaction, but the CFTC noted in a notice that it needed to “reevaluate such guidance in light of developments during the past 5 years.”The CFTC under Pham has…
On Thursday, Bitcoin (BTC) once again dipped below the critical $90,000 threshold, despite what many expected to be a bullish signal from the US Federal Reserve’s (Fed) decision to reduce rates by a quarter point. Analysts at Bull Theory have highlighted several reasons for this unexpected decline. Bitcoin Sell-Off Amid Market Unease The analysts pointed out that the rate cut was largely anticipated by traders weeks in advance, with a 95% probability already integrated into the market. In anticipation of the announcement, many had positioned themselves expecting some form of liquidity support from the Fed, which had led to a…
Bitcoin (BTC) has set a new target of $76,000 as the daily chart continues to display a bear flag pattern.Key points:Bitcoin targets $76,000 and $50,000 for the next stage of its significant correction.A trader has declared the bull market is “over,” highlighting various bearish divergences.Bitcoin’s bull market support band provides temporary optimism for the current relief bounce.Trader on BTC price: “The bull run is over”In his latest analysis, trader Roman advised X followers to brace for a further 17% drop in BTC price.Since hitting recent local lows around $80,000, BTC/USD has struggled to recover, instead moving within an upward-sloping channel.This…
Bitcoin (BTC) has a revised target of $76,000 as the daily chart continues to show a bear flag pattern.Key points:Bitcoin has new price targets of $76,000 and $50,000 for the next phase of its significant correction.A trader states that the bull market has “ended,” citing multiple bearish divergences.The bull market support band for Bitcoin offers short-term optimism for the current relief bounce.Trader on BTC price: “The bull run has concluded”In his latest analysis on Thursday, trader Roman urged X followers to prepare for a potential 17% drop in BTC pricing.Following its recent local lows close to $80,000, BTC/USD has been…
World App introduces encrypted chat, virtual accounts, and support for over 100 crypto assets, combining verified identities with global payments in a single “super app.” Summary World App now features encrypted chat, where verified users are shown as blue bubbles, enhancing privacy and providing anti-bot protections. New virtual accounts enable users to receive salaries or bank transfers and convert funds into USDC and other supported tokens directly within the app. The update facilitates in-chat crypto payments, swaps across over 100 assets including WLD, WBTC, ETH, and tokenized gold, in addition to expanding merchant access. World, the biometric identity-verification initiative spearheaded…
The blockchain gaming industry is evolving towards more sustainable economic models, with an improved market sentiment and maturity, as highlighted by the Blockchain Game Alliance (BGA).According to its annual industry report published on Wednesday, the sector is “transitioning from its speculative beginnings to a more operationally focused, product-led future.”A survey involving over 500 global blockchain gaming professionals indicated that optimism rebounded to 65.8%, up from its 2024 low, as the emphasis changes from token economics to sustainable revenue models.“The strongest signal of the industry’s broader shift can be seen in its pivot towards sustainable economics.”Growth is now centered around the…
This post presents a technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.The Fed has concluded its meeting without influencing bitcoin’s BTC$92,534.21 price in any significant manner. The central bank reduced rates by 25 basis points as anticipated, yet provided what appears to be hawkish forward guidance. Nevertheless, the dollar has been sold off.In this environment, BTC continues to frustrate traders with its stagnant price movements.The daily price chart shows little change since before the Fed meeting, with prices still trapped in a minor upward channel within a larger downtrend.Any experienced technical trader would affirm that the strategy…
The Commodity Futures Trading Commission has granted “no-action” letters to a set of prediction markets, exempting them from certain swap data reporting and record-keeping requirements.The CFTC’s Division of Market Oversight and the Division of Clearing and Risk will not pursue enforcement actions against several prediction market platforms for not adhering to specific recordkeeping mandates, as long as they meet other defined criteria, the agencies announced on Thursday.“These no-action letters apply only in limited contexts and are similar to no-action letters given to other comparable designated contract markets and derivatives clearing organizations,” they noted.The firms that were issued a no-action letter…
Sure! Here’s a rewritten version of your content while keeping the HTML tags intact: U.S. equities declined on Thursday as Oracle Corp. experienced its largest drop in almost a year, reviving fears that substantial investments in artificial intelligence are putting pressure on financial statements more quickly than they can yield profits. In contrast, the crypto market showed relative stability, somewhat detaching from weaknesses in equities as traders opted for more selective risk management. Bitcoin reclaimed levels above $92,000 according to CoinDesk, marking modest gains after maintaining crucial support earlier this week. The leading cryptocurrency rose approximately 2.6% during the day,…