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.
Under normal circumstances, a more accommodative Fed monetary policy generally results in a weaker U.S. dollar, declining bond yields, increasing prices for precious metals, and positive movements in risk assets, including bitcoin BTC$90,669.13 and other cryptocurrencies.In light of the Fed’s recent rate cut, the dollar has indeed weakened — the DXY has dropped to a seven-week low — precious metals prices have surged, with silver reaching a new high of $64 per ounce, and the 10-year Treasury yield has decreased to 4.12% from 4.20%.However, in a pattern we’ve seen before, the crypto market has not shared in these gains. After…
LI.FI, a protocol based in Berlin that consolidates on-chain swaps and cross-chain bridges for developers, has secured a $29 million Series A extension led by Multicoin Capital and CoinFund. This latest funding round raises its total financing to $51.7 million, as reported in a company press release on Thursday.Earlier, the company raised $17.5 million during a Series A round in May 2023.The startup markets itself as a universal liquidity layer designed to eliminate fragmentation across different blockchains, token standards, and bridging solutions.Its non-custodial, open-source framework integrates third-party bridges and decentralized exchanges through a single point of access, enabling applications to…
Bitcoin’s (BTC) price action has been disappointing this week following yet another unsuccessful attempt to reclaim the monthly volume-weighted average price (VWAP). BTC is consolidating around $90,000 after the Federal Reserve’s 0.25% interest rate cut, with the market continually rejecting significant movement above $93,000, restricting bullish momentum. Key takeaways: One Bitcoin analyst highlighted that liquidity contraction is holding back Bitcoin’s upside, decreasing demand in comparison to sell pressure. Between $94,000 and $98,000 remains a vital liquidity zone, but BTC must avoid creating a bearish break below $88,000. Bitcoin one-day chart. Source: Cointelegraph/TradingView Liquidity compression dictates Bitcoin’s market behavior According to…
The cryptocurrency exchange Binance is enhancing the role of USD1 (USD1), the stablecoin associated with the Trump-linked crypto project WLFI$0.1468, as it revamps part of its stablecoin framework.Beginning Thursday, the exchange will launch new trading pairs — BNB/USD1, ETH/USD1, and SOL/USD1 — allowing users increased access to trade with WLFI’s dollar-backed stablecoin, as stated in a press release. Binance will also provide zero-fee conversions between USD1 and the two leading stablecoins, Circle’s USDC and Tether’s USDT.Simultaneously, Binance plans to transition all reserves backing its BUSD-pegged token (B-Token) into USD1, a process expected to wrap up within seven days. After completion,…
Crypto analyst Javon Marks has shared an optimistic forecast for the XRP price, suggesting it could surge to $14, potentially leading Bitcoin in the rally. He referenced a previous trend where XRP outperformed BTC, instilling confidence that such dynamics can recur. Analyst Anticipates XRP Price Reaching $14, Leading Bitcoin In a post on X, Javon Marks asserted that XRP is poised to surpass Bitcoin by over 600% this time, potentially driving the altcoin’s price above $14. He highlighted that in previous instances when XRP outperformed Bitcoin by over 240%, its price surged by more than 570%. Consequently, he is optimistic…
Gelephu Mindfulness City (GMC), a designated administrative zone in Bhutan, announced on Wednesday the launch of a sovereign gold-backed digital token named TER.According to GMC’s announcement, the physical gold reserves will be managed by DK Bank, a digital asset bank regulated by the Bhutanese government, and issued on the Solana Blockchain network.Matrixdock, a tokenization platform for real-world assets (RWA), is the technology partner responsible for the blockchain asset tokenization. An overview of the tokenized commodities sector, which is led by tokenized gold products. Source: RWA.XYZThe initial phase will involve the tokens being held at the bank, with specific launch dates…
The decline in cryptocurrency prices seems to have contributed to disappointing trading volume figures for Robinhood (HOOD).The brokerage platform reported a crypto volume of $28.6 billion in November, a decrease of 12% from October’s $32.5 billion. This figure also marks a 19% drop compared to the previous year, when crypto was booming following Donald Trump’s election victory.Bitstamp, the cryptocurrency exchange that Robinhood agreed to purchase earlier this year, also experienced an 11% decrease in trading volume.Equity trading volumes were also affected, falling by 37% month-over-month in November to $201.5 billion, although they were up by 37% compared to the same…
Blockstream Capital Partners (BCP), a cryptocurrency investment firm, announced its intention to acquire Corbiere Capital Management, a hedge fund based in Jersey that was established by Rodrigo Rodriguez in 2023, according to a press release released Thursday.The financial specifics of the deal have not been revealed.BCP noted that the acquisition of Corbiere will enhance its current offerings of bitcoin-linked products by incorporating equity and event-driven strategies, thus developing a multi-strategy platform for institutional investors.This integration aims to facilitate more diversified portfolios that merge traditional securities with bitcoin-related exposures.Rodriguez will step into the role of chief investment officer at Blockstream Capital…
Under the leadership of President Nayib Bukele, El Salvador—the pioneering country in recognizing bitcoin as legal tender—is now striving to lead in the realm of artificial intelligence. The nation has partnered with Elon Musk’s xAI to develop the world’s first AI-driven public education system.Over the next two years, the government plans to implement xAI’s Grok chatbot in more than 5,000 public schools, providing support to over a million students and thousands of educators, as stated in a Thursday announcement.Grok will serve as a digital tutor, tailoring lessons to fit each student’s pace and abilities, while aligning with El Salvador’s national…
Gelephu Mindfulness City (GMC), a special administrative zone in Bhutan, announced on Wednesday the launch of a gold-backed digital token named TER.The gold deposits will be held by DK Bank, a government-regulated digital asset bank, and will be issued on the Solana Blockchain network, as stated in GMC’s announcement.Matrixdock, a platform specializing in real-world asset tokenization (RWA), will be the technology partner for blockchain tokenization. An overview of the tokenized commodities sector, dominated by tokenized gold products. Source: RWA.XYZInitially, the tokens will be stored at the bank, with rollout dates yet to be confirmed. “Acquiring TER tokens is designed to…