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.
Digital Asset, the firm behind the Canton Network (CC), announced on Thursday that it has obtained strategic investments from four significant traditional financial entities, as Wall Street’s adoption of cryptocurrency progresses.The investors in this funding round include BNY, a financial services firm managing $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global, and iCapital, a fintech company backed by BlackRock, Blackstone, and JP Morgan. The firm did not specify the investment amount in the press release.This investment highlights the increasing support from traditional financial institutions for blockchain infrastructures tailored for regulated markets. The Canton Network was…
Bitcoin is nearing a pivotal resistance area of the cycle, and well-known crypto analyst Trader Mayne indicates that the upcoming days will be crucial in determining if bulls regain momentum or if the rally falters, resulting in a lower high. Summary Bitcoin’s success in surpassing the significant confluence zone between $98K and $100K will influence whether the market can make a final upward move before the year ends or if it will revert to a broader downtrend. “This remains the critical area for me,” Trader Mayne asserts. A definitive break of the $98K–$100K range could change the odds—and potentially spark…
Bitcoin BTC$92,007.01 has retreated from its overnight rise to $94,000, falling back to $92,000 during Thursday’s U.S. trading hours. This continues the erratic, rangebound performance after earlier fluctuations this week.Ethereum’s ether ETH$3,117.20 remained relatively stable, decreasing by only 0.7% on the day and trading above $3,100 in the afternoon. Among altcoins, XRP$2.0966, Hedera (HBAR), BCH$574.31 and privacy-focused Zcash ZEC$356.70 experienced 4%–5% losses, while the broader CoinDesk 20 Index dropped by 2%.Unstable trading expectedDespite the recent drop, BTC remains significantly above the support level around $85,000 established earlier in the week, indicating that markets may be finding a holding pattern as…
Bitcoin (BTC) began the month facing a statistical challenge it’s never overcome: each time November closed negatively, BTC struggled to turn bullish in December. However, this year’s conditions appear significantly different, with momentum, liquidity shifts, and cycle deviations countering a traditionally bearish seasonal pattern. Bitcoin returns in December after a red November. Source: CoinGlassKey takeaways:Bitcoin’s bearish December trend might shift with lowered leverage and price reclaiming a crucial technical level, indicating a more stable environment. Macroeconomic liquidity and M2 velocity are deviating from Bitcoin’s purchasing behavior, typically evident in mid-bull market stages. Bitcoin’s cycle structure is evolving, with spot ETF…
Bitcoin (BTC) has faced a challenging start to November, consistently struggling to gain bullish momentum in December whenever November ended poorly. However, this year presents a notably different scenario, with factors such as momentum, liquidity shifts, and deviations in cycles working against the usual 100% bearish seasonal trend. Bitcoin returns in December after a red November. Source: CoinGlassKey takeaways:The bearish trend for Bitcoin in December might shift with reduced leverage and the price reclaiming critical technical levels, indicating a more stable outlook. Macroeconomic liquidity and M2 velocity are diverging from Bitcoin’s buying activity, which typically appears in the middle stages…
Drift, one of the leading perpetual trading platforms on Solana, has introduced Drift v3, a significant upgrade designed to make on-chain trading as quick and seamless as that of a centralized exchange.This new version boasts an impressive tenfold increase in trade execution speed due to a complete backend overhaul, representing the most substantial performance enhancement the project has achieved to date.According to the Drift team, approximately 85% of market orders will be executed in less than half a second with v3, and liquidity will improve to reduce slippage on larger trades to around 0.02%. This upgrade aims to enhance the…
Institutional blockchain infrastructure provider Digital Asset, known for the Canton Network, has secured around $50 million in strategic investments from BNY, iCapital, Nasdaq, and S&P Global, as revealed by a source familiar with the matter. As announced on Thursday, this strategic funding aims to enhance Digital Asset’s substantial momentum to expand the Canton Network, following a recent $135 million funding milestone.The involvement of these four prominent institutions underscores the diverse support for the Canton Network, with major banks, exchanges, data firms, and wealth infrastructure all contributing to the same foundational blockchain stack. “Institutions across the financial ecosystem recognize the necessity…
Grayscale’s introduction of the first US spot Chainlink exchange-traded fund (ETF) captured significant attention on its inaugural trading day, indicating that investors remain interested in regulated altcoin offerings despite a general downturn in the crypto market.The Chainlink (LINK) ETF launched with $41 million in total net inflows and $13 million in “solid” trading volume on the first day, noted Eric Balchunas, senior ETF analyst at Bloomberg, in a Wednesday X post. “$41m in first day flows. Another instant success from the crypto sector, with the only failure being Doge so far, but it’s still early.”This launch highlights the potential of…
Blockdaemon, a crypto infrastructure provider, has partnered with Bitcoin sidechain VerifiedX to simplify everyday crypto transactions for non-technical users.This collaboration, covering everything from earning yield to transferring money internationally, will integrate Blockdaemon’s staking and blockchain infrastructure into VerifiedX’s consumer applications: the Switchblade self-custody wallet and the Butterfly social payments platform, as announced to CoinDesk on Thursday.The experience aims to resemble the simplicity of popular apps like PayPal’s (PYPL) Venmo or Block’s (XYZ) Cash App, rather than the conventional Web3 processes. Users can earn yield on bitcoin BTC$91,937.57 and stablecoins, borrow against their assets, and access on-chain credit markets without needing…
A new connection between Base, the layer 2 solution incubated by Coinbase, and the Solana blockchain is now operational on the mainnet. This bridge offers users and developers a straightforward way to transfer assets between the two ecosystems. Powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, the Base-Solana bridge facilitates trading and utilization of Solana-based tokens, including SOL and various SPL assets on decentralized applications developed on Base. Initial users include platforms like Zora, Aerodrome, Virtuals, Flaunch, and Relay. For users, this development allows them to deposit Solana tokens into Base-based decentralized applications that utilize the bridge, enabling them…