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.
The memecoin experiences a slight increase amidst heightened trading activity, while technical indicators suggest consolidation near critical support levels.Background NewsOn December 6, Dogecoin celebrated its 12th anniversary, marking twelve years since Billy Markus and Jackson Palmer launched the meme-token, which eventually grew into a significant crypto asset through ongoing community support.Despite this milestone, market reactions were subdued, driven primarily by technical patterns and on-chain activities. On-chain metrics revealed daily active addresses reached 67,511 on December 3 — the second-highest figure in three months — indicating renewed user engagement, though price movements remain stable.Technical InsightsDOGE has been consolidating in a narrow…
This week saw the two biggest crypto treasury firms, Bitcoin-centric Strategy (formerly MicroStrategy) and Ethereum-heavy BitMine, significantly expanding their digital asset holdings despite a decrease in their premium.On December 8, Strategy disclosed the acquisition of 10,624 BTC for $962.7 million, marking its largest weekly investment since July. This move seemingly disregarded the broader trend in the equity market, where MSTR stock has plummeted 51% year-over-year, trading at $178.99.Similarly, BitMine, the largest corporate Ethereum holder, increased its balance sheet by 138,452 ETH.These purchases occur amid structural pressures on the broader Digital Asset Treasury (DAT) model.In recent months, the arbitrage position that…
Recent trading activity and volume on the prediction market platform Polymarket may be overstated due to a “data bug,” as suggested by a researcher from Paradigm.“Almost every major dashboard appears to be double-counting Polymarket volume that isn’t related to wash trading,” stated Storm, a researcher at the venture capital firm.Storm elaborated that this issue arises from “Polymarket’s onchain data having redundant representations of each trade.”“Polymarket’s onchain data is intricate, leading to the widespread use of flawed accounting practices.” When trades occur on Polymarket, the system generates multiple “OrderFilled” events: one set for makers with existing orders, and another for takers…
The US Commodity Futures Trading Commission has provided new guidance on tokenized collateral in derivatives markets, initiating a pilot program to explore the use of cryptocurrencies as collateral in these markets.In derivatives markets, collateral acts as a security deposit, ensuring that a trader can cover any potential losses.The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, permits futures commission merchants (FCM)—firms that facilitate futures trades for clients—to accept Bitcoin (BTC), Ether (ETH), and Circle’s stablecoin USDC (USDC) as margin collateral.The CFTC pilot represents progress toward incorporating crypto into regulated markets, with Circle CEO Heath Tarbert remarking…
The company has completed its largest Bitcoin acquisition in months, purchasing 10,624 Bitcoin for about $962.7 million last week. Summary Strategy Inc. acquired 10,624 Bitcoin at a cost of $962.7 million, increasing its total assets to 660,624 BTC, despite facing a 60% decline in its stock value over the last six months. CEO Michael Saylor remains focused on accumulating Bitcoin for the long haul, dismissing the idea of selling assets to support dividends, and has established a $1.44 billion cash reserve to sustain the company for almost two years. The firm is encountering heightened competition as leading banks like JPMorgan…
Blockchain-based prediction markets are attracting more speculators as traders seek returns that exceed merely holding spot cryptocurrencies, according to a recent report.Prediction markets are emerging as a new speculative space for traders, contrasting casual retail participants with data-driven, professional traders, resulting in “extreme information asymmetry and meaningful arbitrage windows,” according to a Monday report from crypto research firm 10X Research.While sports betting constitutes the majority of activity on these platforms, Bitcoin (BTC) and crypto-related event outcomes are presenting more niche opportunities that digital asset traders can’t overlook, according to 10X.“It serves as a helpful reminder that nearly every significant crypto…
Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC), stated that crypto companies pursuing a federal bank charter in the US should not be treated differently from other financial institutions.During a blockchain conference on Monday, Gould remarked that while some fresh charter applicants in the digital or fintech sectors may offer unique services for a national trust bank, he remarked, “custody and safekeeping services have been facilitated electronically for decades.”“There is absolutely no reason to treat digital assets differently,” he emphasized. “Moreover, it is crucial not to restrict banks, including existing national trust banks, to…
Good Morning, Asia. Here’s the latest news from the markets:Welcome to the Asia Morning Briefing, your daily recap of key stories during U.S. hours, alongside an overview of market trends and analysis. For a comprehensive view of U.S. markets, refer to CoinDesk’s Crypto Daybook Americas.Bitcoin is fluctuating around 90k after a weekend of notable but short-lived price swings that highlighted the thinning liquidity at year-end.According to a recent note, QCP mentions that perpetual open interest in both BTC and ETH has almost halved since October, indicating a diminished market capacity to absorb directional trades.Additionally, Polymarket odds indicate that traders have…
The US Commodity Futures Trading Commission has released new guidance regarding tokenized collateral within derivatives markets, setting the stage for a pilot program aimed at exploring the use of cryptocurrencies as collateral in these markets.In derivatives markets, collateral acts as a security deposit, ensuring that traders can meet potential losses.The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will enable futures commission merchants (FCM)—companies that facilitate futures transactions for clients—to accept Bitcoin (BTC), Ether (ETH), and Circle’s stablecoin USDC (USDC) as margin collateral.The CFTC pilot marks a further step towards incorporating cryptocurrency into regulated markets, and…
The US Commodity Futures Trading Commission has released updated guidance regarding tokenized collateral in derivatives markets, setting the stage for a pilot program to explore the use of cryptocurrencies as collateral in these markets.In derivatives markets, collateral functions as a security deposit, ensuring that traders can cover potential losses.The digital asset pilot, announced by CFTC acting chairman Caroline Pham on Monday, will enable futures commission merchants (FCM)—companies that facilitate client futures trades—to accept Bitcoin (BTC), Ether (ETH), and Circle’s stablecoin USDC (USDC) for margin collateral.The CFTC pilot represents a significant stride toward integrating crypto into regulated markets. Circle CEO Heath…