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.
NEW YORK — Do Kwon, the co-founder of Terraform Labs, received a 15-year prison sentence on Wednesday for his involvement in a significant fraud scheme that erased approximately $50 billion from the crypto market within just three days in May 2022.This sentence was issued by District Judge Paul Engelmeyer of the Southern District of New York (SDNY), which is slightly longer than the 12-year suggestion from prosecutors and significantly exceeds the five-year term recommended by Kwon’s attorneys. Kwon must serve at least half of his sentence before he can request a transfer to South Korea, where additional charges await him.The…
Pakistan views Bitcoin and digital assets as essential for establishing a new financial system for its 240 million citizens, a senior official stated at the Bitcoin MENA Conference, indicating a move toward formal regulation of crypto markets.Bilal Bin Saqib mentioned on Tuesday that Pakistan must move beyond traditional economic frameworks, calling for “a new engine” in the form of digital assets. The minister expressed during a roundtable in Abu Dhabi:“We consider Bitcoin, digital assets, and blockchain as not merely speculation but as vital infrastructure. Not as mere noise, but as the foundation for a new financial rail for the global…
Key takeaways:XRP derivatives show a bearish trend as the funding rate plunged significantly negative, while open interest remains unchanged.XRP ETF trading volumes and decreasing XRP Ledger TVL indicate waning interest in the XRP ecosystem, lowering the likelihood of a short-term price recovery.XRP (XRP) dropped 9% over two days after being turned away at $2.18 on Tuesday. The decline below $2 caused temporary upheaval in derivatives markets as the cost of maintaining leveraged bearish positions surged to a two-month high. Traders are concerned that XRP might weaken further due to a slowdown in exchange-traded fund (ETF) activities and a decline in…
Sure! Here’s the rewritten content with the HTML tags intact: On Thursday, the crypto market experienced a downturn, even as the Dow Jones Industrial Average reached a new all-time high, highlighting a pronounced shift by investors moving from tech to stocks more sensitive to economic fluctuations following the Federal Reserve’s recent interest rate adjustment. Summary Despite the Dow’s record ascent, crypto saw declines, with both Bitcoin and Ethereum part of a widespread selloff. Investors shifted away from major tech and AI stocks after discouraging earnings reports from Oracle. Notably, Bitcoin and Ethereum ETFs continued to attract significant inflows, indicating ongoing…
Financial services firm J.P. Morgan announced on Thursday that it facilitated a $50 million onchain US commercial paper issuance for Galaxy Digital Holdings on the Solana blockchain, marking one of the earliest debt transactions conducted on a public network in the United States. The offering, a tokenized short-term corporate bond, was developed by J.P. Morgan. According to the firm, it created the corresponding blockchain token for the bond and managed the settlement of the primary issuance. The tokenized securities were acquired by asset manager Franklin Templeton and crypto exchange Coinbase, while issuance and redemption will be executed in Circle’s USDC…
Ether’s (ETH) price action stabilized this week following a significant rejection from the $3,650 to $3,350 supply zone, with the altcoin now sitting around $3,200. This rejection coincided with the 200-day exponential moving average (EMA), reinforcing overhead resistance as spot exchange-traded funds (ETFs) showed early signs of recovery.Key takeaways:Spot Ether ETF flows increased from $16.8 billion to $21.5 billion since Nov. 21, marking a 28% rise. Net taker volumes have improved, indicating that aggressive sellers are fading while taker buyers are gradually returning. Ethereum one-day chart. Source: Cointelegraph/TradingViewETF inflows resume, but ETH charts reflect traders’ cautionAccording to Glassnode, spot ETH…
In 2025, some of the most influential players in the crypto world did not launch new protocols or manage funds. Instead, they engaged in ‘shitposting.’This article is part of CoinDesk’s Most Influential 2025 list.The pseudonymous trader known as James Wynn became the epitome of this trend. A crypto enthusiast who reportedly turned a $7,000 PEPE investment into over $25 million, Wynn then ventured into nine-figure bitcoin leverage trades on Hyperliquid, sharing every entry and exit with hundreds of thousands of his followers on social media.Initially, his public Profit and Loss (PnL) statement indicated about $100 million in profit; however, weeks…
Coinbase has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive conduit for all Coinbase Wrapped Assets. This partnership links them to the same Chainlink oracle networks that supply pricing and other data to decentralized finance (DeFi) protocols, as announced by the firms on Thursday. The agreement encompasses tokens like cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, which collectively have a market value of approximately $7 billion at the time of writing. These wrapped assets allow Coinbase users to transfer their holdings into other networks and applications that do not directly support these coins. With these wrapped assets, users can,…
This week, Ether’s (ETH) price action stabilized after a significant rejection from the $3,650 to $3,350 supply zone, currently fluctuating around $3,200. This downturn coincided with the 200-day exponential moving average (EMA), adding to the overhead resistance as spot exchange-traded funds (ETFs) began to exhibit early signs of recovery.Key takeaways:Spot Ether ETF flows have increased from $16.8 billion to $21.5 billion since Nov. 21, marking a 28% rise. Net taker volumes have climbed, indicating that aggressive sellers are retreating while taker buyers gradually return. Ethereum one-day chart. Source: Cointelegraph/TradingViewETF inflows resume, but ETH charts reflect traders’ fearAccording to Glassnode, spot…
Shayne Coplan first gained mainstream attention in November 2024, not as a success story, but following an FBI raid on his Manhattan apartment. Many viewed this as yet another cautionary tale of a young crypto entrepreneur’s downfall.However, the reality is quite different.Just over a year later, multiple federal investigations, including scrutiny from the Commodity Futures Trading Commission and the Department of Justice, into Polymarket have concluded without charges, allowing the platform to resume operations in the U.S. Coplan has secured multi-billion-dollar agreements with major players in finance, including the owner of the New York Stock Exchange, the Intercontinental Exchange, as…