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.
U.S. federal prosecutors are pursuing a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, the company responsible for the algorithmic stablecoin UST that collapsed dramatically over three years ago.The request, submitted on Thursday to the judge in the Southern District of New York, follows Kwon’s guilty plea earlier this year. He confessed to defrauding investors and manipulating the cryptocurrency markets with a series of false statements regarding his company’s blockchain products.While Kwon’s defense team requested a five-year sentence, citing time served in Montenegro and potential prosecution in South Korea, U.S. officials argued that only a significant prison…
A vast network involved in crypto-investment fraud, responsible for stealing and laundering over 700 million euros ($815 million), has been shut down following synchronized raids across Europe.This criminal organization operated numerous counterfeit crypto-trading platforms that promised high returns through polished marketing strategies, as Europol announced on Thursday.Victims, lured by “sophisticated” advertisements, were directed to call centers where operators employed social-engineering tactics to persuade individuals to make additional deposits. Once the funds were transferred, they were quickly siphoned off and laundered through a complex network of blockchains and exchanges.The initial phase of the operation on Oct. 27 involved coordinated raids in…
The lower house of Poland’s parliament was unable to secure the necessary three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, moving the country further away from establishing regulations for its digital-asset sector at a time when lawmakers argue that oversight is becoming increasingly important.As Bloomberg reported on Friday, the legislation — pushed forward by Prime Minister Donald Tusk’s administration — aimed to align Poland with the European Union’s MiCA framework for crypto markets. The bill was introduced in June but did not survive the president’s veto.Nawrocki vetoed the measure last week, stating it would “jeopardize…
Bitcoin (BTC) traders faced new downward pressure at the start of Wall Street on Friday as the $90,000 threshold remained in question.Key points:Bitcoin approaches $90,000 with traders targeting lower BTC price levels next.Current liquidity conditions support an initial bid sweep, according to analysis.Ichimoku Cloud indicators suggest a possible larger decline ahead.BTC price bets shift below $90,000Data from Cointelegraph Markets Pro and TradingView indicated that BTC/USD fell nearly 2% compared to Thursday’s close. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAfter a rejection at the 2025 yearly open level the previous day, Bitcoin struggled to gain traction, and market participants were eager to see…
The total open interest for BTC futures is decreasing, indicating a steady de-leveraging across platforms like CME, Binance, and offshore markets instead of outright fear. Summary The total open interest for BTC futures is approximately 647,700 BTC (~59 billion dollars), reflecting a decline of about 1.9% over the last 24 hours, suggesting a systematic reduction in leverage. Together, CME and Binance account for nearly 40% of BTC futures market exposure, representing two different leverage sectors: regulated futures and offshore perpetual contracts. Most major trading platforms report slight declines in open interest, while exceptions like MEXC increase risk, highlighting selective speculation…
Texas has made history as the first state in the US to officially acquire and hold Bitcoin (BTC), purchasing $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) and approving an additional $5 million for direct, self-custodied BTC. This decision comes unexpectedly during a market downturn characterized by ETF outflows, institutional caution, and stalled legislative actions nationwide.In this week’s Byte-Sized Insight episode, we delve into why Texas committed to Bitcoin while many states retreated, as well as what this timing indicates about the state’s long-term perspective on digital assets.Earlier this year, over two dozen US states introduced or debated legislation…
Stablecoins have had their variations, but they stand out as one of crypto’s notable triumphs to date. While Bitcoin often captures the spotlight with its volatility, stablecoins have played a crucial role in the decentralized finance sector, facilitating over $275 trillion in global value transfer.Yet, signs indicate a decline in the U.S. dollar’s dominance as the world’s reserve currency, which could significantly impact the stablecoin market since many of its leading tokens are linked to its value.This year, the dollar has faced a notable drop, around 11%—the largest reduction in over half a century. This fluctuation is fueled by uncertainties…
The two largest publicly traded companies that own bitcoin, MicroStrategy (MSTR) and Marathon Digital Holdings (MARA), have each experienced a decline of about 40% over the last six weeks.CoinDesk Research has provided comprehensive analysis on the MSTR downturn, but MARA, which has seen a 55% drop year over year, is also gaining interest as some investors perceive it to be undervalued at current prices.Matthew Sigel, the head of digital assets research at VanEck, contends that the notion of MARA being cheap is not backed by the underlying data. Sigel claims that the company is trading at a premium to its…
Paribu, a leading digital asset platform in Turkey, has announced the acquisition of the crypto exchange CoinMENA for up to $240 million. This transaction represents Turkey’s most significant fintech acquisition and marks its first cross-border crypto arrangement, as stated by the company on Friday.CoinMENA, headquartered in Bahrain and operating under licenses in both Bahrain and Dubai, ranks among the premier local exchanges in the Middle East and North Africa (MENA) region.This acquisition allows Paribu to establish itself in regions that are becoming central hubs for digital assets, particularly in Dubai, where the Virtual Assets Regulatory Authority (VARA) has been issuing…
US attorneys representing the federal government have requested a 12-year prison sentence for Terraform Labs co-founder Do Kwon during his upcoming hearing.In a Thursday submission to the US District Court for the Southern District of New York, prosecutors requested that Kwon be sentenced to “twelve years’ imprisonment and complete the forfeiture of his criminal proceeds.”This motion comes approximately four months after Kwon pleaded guilty to two counts of wire fraud and conspiracy to defraud.“In just a few years, Kwon caused losses surpassing those inflicted by Samuel Bankman-Fried […] Alexander Mashinsky […] and Karl Sebastian Greenwood [….] combined [emphasis included in…