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.
Matter Labs intends to phase out ZKsync Lite, the initial version of its Ethereum layer-2 network, as announced by the team in a post on X over the weekend.This transition, set for early 2026, is framed as a planned conclusion for an early proof-of-concept that played a crucial role in validating their zero-knowledge rollup design choices before the launch of newer systems.Launched in 2020, ZKsync Lite focused on basic token transfers, but it became less significant when developers introduced ZKsync Era in March 2023, a more sophisticated zkEVM rollup that currently underpins the project’s expansive ZK Stack roadmap.For now, the…
Relations between the blockchain platform Mantra and the crypto exchange OKX have soured as Mantra has accused the exchange of disseminating incorrect information regarding its token migration.In a recent post on X, Mantra CEO John Patrick Mullin urged users of the centralized cryptocurrency exchange (CEX) OKX to withdraw their Mantra (OM) tokens and reduce their reliance on the platform.“Users should think about withdrawing their OM tokens from OKX[…]. Avoid OKX Exchange Dependency: Complete migration without depending on potentially negligent or malicious intermediaries,” Mullin stated.This advisory followed a Friday announcement from OKX about its support for the upcoming OM token migration.…
BitMine Immersion Technologies (BMNR), a firm specializing in Ethereum digital assets, acquired 138,452 ether ETH$3,150.31 last week, enhancing its strategy to accumulate cryptocurrencies, which now totals 3.86 million tokens, as the company announced on Monday.At current ETH prices, this acquisition is valued at around $435 million. This marks a 156% rise from four weeks prior, when they added approximately 54,000 ETH. It’s also greater than the previous two weeks’ totals of 97,000 and 70,000 tokens.Additionally, the firm has raised its cash reserves to $1 billion, up from $882 million the week before. When factoring in its minor bitcoin holdings and…
The US Securities and Exchange Commission has officially concluded its investigation into the New York-based tokenization platform Ondo Finance, which commenced in 2023.Ondo Finance received formal notification that a confidential, multi-year SEC investigation into the platform has been closed without any charges, the company announced on Monday.“The inquiry assessed whether Ondo’s tokenization of specific real-world assets adhered to federal securities laws and whether the ONDO token qualified as a security,” the statement indicated.The SEC’s decision to terminate the investigation represents a broader transformation in US policy regarding real-world asset (RWA) tokenization, moving it onto the authority’s formal agenda, Ondo pointed…
Bitcoin (BTC) has risen by 14.50% from its recent lows of $80,600, moving closer to $93,000 as traders debate whether this is a “comeback” for the bulls or the beginning of a bear market.Key takeaways:Analysts warn that Bitcoin’s rebound may be a bull trap, with risks dropping as low as $40,000.Google Trends indicates a potential rise to $97,000 before further corrections occur. BTC/USD daily chart. Source: TradingViewAmong those expressing bearish views is CryptoBirb, who remains skeptical, suggesting that current and upcoming Bitcoin price “rallies are for selling,” rather than indications of an upward movement towards widely mentioned year-end targets of…
Eric Balchunas from Bloomberg addresses the Bitcoin-tulip analogy, highlighting 17 years of recoveries, demand for ETFs, and the scarcity driven by halving events as evidence of Bitcoin’s lasting value. Summary Balchunas points out that Bitcoin has risen about 250% over the last three years and 122% in 2024, despite a recent 27% decline from its October peak. He argues that non-productive assets like Bitcoin, gold, art, and rare stamps maintain value through scarcity and demand, unlike the ephemeral 1630s tulip bubble. Supply reductions from halving events, the accumulation of ETFs, and on-chain holding metrics indicate that recent corrections are part…
On Monday, Binance announced that it had initiated an internal investigation on Sunday regarding an employee suspected of misusing access to confidential information by posting from an official Binance Futures social media account for personal benefit.The exchange revealed in an X post that its audit team had received a report alleging that the employee utilized non-public information to create a post on the official Binance Futures X account “less than a minute” after the token was launched onchain.The implicated employee was promptly suspended, and Binance confirmed it has reached out to authorities in the employee’s jurisdiction to explore potential legal…
Blockchain-based prediction markets are attracting a growing number of speculators as traders seek returns that exceed simply holding spot cryptocurrencies, a recent report indicates.Prediction markets are becoming a new speculative environment for traders, pitting casual retail participants against data-driven professional traders, leading to “extreme information asymmetry and significant arbitrage opportunities,” 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 events related to crypto outcomes are providing more niche opportunities that digital asset traders should consider, according to 10X.“It is a crucial reminder that almost every…
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The U.S. spot XRP$2.0963 exchange-traded funds (ETFs) are projected to exceed $1 billion in net inflows in the upcoming days, according to Mati Greenspan, the founder of Quantum Economics.Since their introduction on Nov. 14, the ETFs have seen a remarkable streak of 15 days with inflows totaling a net of $897.35 million, as reported by SoSo data. Major contributors to these inflows include funds from Canary Capital, Grayscale, Bitwise, and Franklin Templeton.“This momentum is set to continue, and the milestone will be reached in no time. The path is already clear,” Greenspan stated in an interview with CoinDesk.“In many respects,…