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.
Key takeaways:XRP derivatives are heavily influenced by bears as the funding rate declines significantly and open interest stays flat.XRP ETF volumes and diminishing XRP Ledger TVL indicate waning interest in the XRP ecosystem, lowering the chances of a short-term price recovery.XRP (XRP) dropped 9% over two days following a rejection at $2.18 on Tuesday. The fall below $2 caused temporary disturbances in derivatives markets as the cost of holding leveraged bearish positions escalated to a two-month high. Traders are concerned that XRP may weaken further due to slowing exchange-traded fund (ETF) activities and a reduction in XRP Ledger deposits. XRP…
This week, Ether’s (ETH) price action softened after a sharp rejection from the $3,650 to $3,350 supply zone, with the altcoin currently around $3,200. This rejection coincided with the 200-day exponential moving average (EMA), reinforcing overhead resistance as spot exchange-traded funds (ETFs) displayed early recovery signs.Key takeaways:Spot Ether ETF inflows increased from $16.8 billion to $21.5 billion since Nov. 21, marking a 28% rise.Net taker volumes have surged, indicating diminishing aggressive selling while taker buyers are gradually returning. Ethereum one-day chart. Source: Cointelegraph/TradingViewETF inflows resume, but ETH charts reflect traders’ fearAccording to Glassnode, spot ETH ETFs are finally showing “the…
A senior official at the Bitcoin MENA Conference indicated that Pakistan views Bitcoin and digital assets as essential for establishing a new financial framework for its 240 million citizens, marking a move towards formal crypto market regulation.Bilal Bin Saqib stated on Tuesday that Pakistan must pivot from traditional economic strategies and adopt “a new engine,” highlighting the significance of digital assets. During a roundtable in Abu Dhabi, he remarked:“We consider Bitcoin, digital assets, and blockchain as more than mere speculation; they are infrastructure. They represent not noise, but the foundation of a new financial system for the global south.”Saqib, who…
Key takeaways:XRP derivatives are primarily controlled by bears as the funding rate plunges into negative territory and open interest remains unchanged.Declining XRP ETF volumes and reduced XRP Ledger TVL reflect waning interest in the XRP ecosystem, diminishing the likelihood of a quick price recovery.XRP (XRP) dropped 9% in two days following a rejection at $2.18 on Tuesday. The fall below $2 caused temporary chaos in derivatives markets, pushing the cost of holding leveraged bearish positions to a two-month peak. Traders are concerned that XRP may continue to weaken due to the slowdown in exchange-traded fund (ETF) activity and the drop…
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud.In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison for his role in the collapse of Terraform, which wiped out about $40 billion from the crypto market in 2022. He will receive credit for time served in the US and 17 months of pre-extradition custody.Prior to making his decision on sentencing, Engelmayer heard from some of Terraform’s victims…
The U.S. Commodity Futures Trading Commission issued no-action letters to the operators of prediction market platforms Polymarket, PredictIt, Gemini, and LedgerX/MIAX on Thursday, indicating that these companies are not required to meet specific recordkeeping obligations as long as they satisfy other outlined criteria, and may clear contracts through a third-party clearing member.The CFTC stated in a press release that the no-action letters signify that the regulator will refrain from pursuing enforcement actions—such as a court case alleging the companies violated the law—related to their compliance with “certain swap-related recordkeeping requirements and for failing to report to swap data repositories data…
Bitcoin is navigating a landscape where headlines loudly proclaim “bull” or “bear,” yet the market’s underlying dynamics seemingly remain indifferent. After surging to a peak around $124,000–$126,000 in early October and subsequently dropping about a third of its value by November, BTC is currently hovering in the low-$90,000s—still a leader in the space but visibly fatigued. Amidst this uncertainty emerges the pseudonymous, esteemed crypto veteran plur daddy (@plur_daddy) who proposes that the market might be in a state that doesn’t align with either category. “Due to the four-year cycle, all participants in the crypto market are conditioned to see it…
Pakistan views Bitcoin and digital assets as essential for establishing a new financial framework for its 240 million citizens, a senior official stated at the Bitcoin MENA Conference, indicating a shift toward formal crypto market regulations.Bilal Bin Saqib stated on Tuesday that Pakistan must move beyond traditional economic models and embrace “a new engine,” referring to digital assets. During a roundtable in Abu Dhabi, he remarked:“We regard Bitcoin, digital assets, and blockchain not merely as speculative assets but as integral infrastructure. They serve as a cornerstone for a new financial system for the global south.”Saqib, chairman of Pakistan’s Virtual Asset…
Bitcoin BTC$92 939,20 rose back to $93,000 on Thursday as traders processed the Fed’s decision, although altcoins largely lagged behind.After dipping to $89,000 post-Federal Reserve’s rate cut and a lower opening for U.S. stocks, Bitcoin recently recorded a price of $93,000, showing a slight increase over the past 24 hours.Most altcoins retained their early losses, with Cardano’s ADA ADA$0.4268 and Avalanche’s AVAX (AVAX) experiencing drops of 6%-7%. Ether ETH$3 255,25 fell 3% on the day, yet remained above $3,200.Bitcoin’s late-day surge echoed a similar trend in U.S. stocks, with the Nasdaq closing down merely 0.25% after earlier being down by 1.5%. The…
The cryptocurrency industry has been omitted from the annual outline of financial risks presented by the Financial Stability Oversight Council (FSOC) regarding the U.S. financial system. This omission reflects a broader trend, as the report has significantly reduced its emphasis on “vulnerabilities” within the financial landscape.The FSOC was created in response to the 2008 financial crisis to serve as an early warning system that identifies potential threats. Historically, the digital assets sector has been regularly mentioned, though past reports cautioned against its limited market size while noting that instruments like stablecoins and ETFs might introduce risks if overly intertwined with…