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 Gemini stock price has plummeted to an unprecedented low, following a decline that began shortly after its IPO in September. Summary The decline in Gemini shares has resulted in a staggering $2.6 billion loss. This drop aligns with a sell-off involving Bitcoin treasury firms. Technical analysis suggests further declines, potentially reaching $5. Gemini Space Station, backed by the Winklevoss Twins, has fallen to a historic low of $9.70, representing a ~80% decrease from its peak. Its market capitalization has shrunk from $3.81 billion to the current $1.14 billion. Reasons Behind Gemini Stock Price Drop Founded by Tyler and Cameron…
Reasons for Rigs Going Dark Miners are navigating one of the most challenging margin situations the industry has encountered in recent years.As per a recent analysis, the hash revenue for major public miners has decreased from approximately $55 per petahash (PH) per day in Q3 to about $35 per PH/day currently. Their median all-in cost is nearing $44 per PH/day, indicating that a substantial portion of the sector is now operating at a loss.Meanwhile, the network hashrate is around 1.0-1.1 zettahash (ZH) per second, suggesting near-record competition for each block.The crux of the matter is return on investment (ROI): Even…
Welcome to The Protocol, CoinDesk’s weekly summary of key developments in cryptocurrency technology. I’m Margaux Nijkerk, a reporter at CoinDesk.In this edition:Ethereum Developers Gear Up for Fusaka, the Second Upgrade of 2025Anthropic Research Indicates AI Agents are Approaching Real DeFi Attack PotentialEthereum Developers Move Forward with ZK ‘Secret Santa’ System DeploymentBitnomial Set to Launch First CFTC-Regulated Spot Crypto MarketNetwork NewsFUSAKA SET TO LAUNCH ON ETHEREUM: Ethereum developers are getting ready for the network’s second upgrade of 2025, scheduled to go live later today. Fusaka – a combination of Fulu and Osaka – includes two simultaneous upgrades on Ethereum’s consensus and…
The Ether treasury firm ETHZilla (ETHZ) announced its acquisition of a 20% stake in Karus, an AI-driven auto loans platform, through a deal valued at $10 million.This agreement marks ETHZilla’s entrance into the U.S. asset-backed securities market, leveraging blockchain technology to tokenize real-world credit, as stated in a press release.Karus focuses on AI models that assess loan-level risk, drawing from over 20 million historical auto loan results and thousands of real-time variables.ETHZilla aims to incorporate this technology into its Ethereum-based infrastructure to tokenize the loans, transforming predictive credit data into tradable on-chain assets. The companies anticipate that the first tokenized…
BNB (BNB) has demonstrated renewed bullish momentum, surging over 13% from a local low near $800. It surpassed the $910 mark on Wednesday, with prospects of a move toward $1,000.Key takeaways:BNB’s double bottom, along with a falling wedge breakout and liquidation pressure, suggests a potential target of $1,020–$1,115 in December.The inability to maintain levels above $900 could jeopardize the bullish outlook toward $1,000. BNB/USD daily chart. Source: TradingViewDouble bottom indicates BNB over $1,000BNB’s recovery is reinforced by a forming double-bottom pattern on the four-hour chart, identified around the $800–$820 demand area.Two similar lows (Bottom 1 and Bottom 2) have produced…
The core development teams of the Cardano network have successfully executed a withdrawal of 70 million ADA from the treasury to support a series of long-overdue infrastructure integrations. This represents the most unified effort the ecosystem has seen in recent years.Over the past 24 hours, ADA has increased by 9%, slightly surpassing a broader surge in the cryptocurrency market.This proposal, endorsed by teams including Input Output, the Cardano Foundation, EMURGO, Intersect, and the Midnight Foundation, passed a governance vote with over 60% backing from delegated representatives, marking the quickest approval since the launch of Cardano’s on-chain voting system.The funds will…
Blackrock, the largest asset manager globally, presented its vision for 2026. While noting a pessimistic outlook for U.S. bonds and the leading economy, it outlines a positive framework for institutional crypto adoption.U.S. federal debt is projected to exceed $38 trillion, foreshadowing a fragile market outlook where traditional hedges falter, according to the report. This scenario bodes well for crypto, as it is expected to catalyze digital asset adoption among major financial institutions.Increased government borrowing “… exposes vulnerabilities to shocks such as spikes in bond yields due to fiscal concerns or the balancing act between inflation management and debt servicing,” the…
BNB (BNB) is experiencing a resurgence in bullish momentum after recovering over 13% from a local low near $800. It traded above $910 on Wednesday, setting its sights on a potential move back toward $1,000.Key takeaways:BNB’s double bottom, breakout from a falling wedge, and liquidation pressure are aligning to target $1,020–$1,115 in December.Failing to maintain above $900 could nullify the bullish scenario toward $1,000. BNB/USD daily chart. Source: TradingViewDouble bottom predicts BNB over $1,000BNB’s rebound is bolstered by a forming double-bottom pattern on the four-hour chart, emerging near the $800–$820 demand zone.After establishing two similar lows (Bottom 1 and Bottom…
Luana Lopes Lara, co-founder of the prediction market Kalshi, has achieved the status of the youngest female self-made billionaire after the company disclosed a new $1 billion funding round on Tuesday.The funding, spearheaded by crypto-oriented venture firm Paradigm, has valued Kalshi at $11 billion. Notable investors include Sequoia Capital, Andreessen Horowitz, and Y Combinator.At 29, Lopes Lara surpasses the previous record holder, Lucy Guo of Scale AI, and pop star Taylor Swift, who momentarily held the title earlier this year. Born in Brazil and a computer science alumna of MIT, Lopes Lara co-founded Kalshi in 2019 alongside Tarek Mansour, who…
On Monday, Strategy (MSTR) revealed a further increase of 25 basis points in the dividend rate of its STRC preferred series, raising it to 10.75%. This marks the fourth rise since the IPO launch at the end of July.The STRC, or “Stretch,” is one of Strategy’s perpetual preferred stocks, tailored to provide short-duration characteristics alongside high yield exposure. Currently, it offers a 10.75% annual dividend, paid out monthly in cash. The dividend rate is adjusted monthly to promote trading around STRC’s $100 par value while minimizing price volatility.When initially launched in July, STRC had a dividend rate of 9% at…