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 U.K. has officially classified cryptocurrency as property following the enactment of a new law this week.The Property (Digital Assets etc) Act obtained Royal Assent, marking the final stage of the legislative process after its approval by Parliament.This legislation, endorsed by King Charles on Tuesday, aims to update property law to encompass digital assets. Historically, property was categorized into two types: tangible items, like physical objects, and intangible items, such as debts.The new law introduces a third category that encompasses digital assets, including cryptocurrencies and non-fungible tokens (NFTs).Representatives from the crypto industry embraced the law, viewing it as a significant…
Ethena’s synthetic-dollar stablecoin USDe has experienced one of its most significant monthly declines, while fiat-backed stablecoins such as USDT, USDC, and PYUSD attracted billions in investments.Data from CoinGecko indicates that Ethena’s USDe stablecoin dropped from a market cap of $9.3 billion on November 1 to $7.1 billion by November 30. This drop involved approximately $2.2 billion in redemptions, resulting in a 24% decrease in supply throughout November.USDe is a synthetic stablecoin that keeps its dollar value through trading strategies involving cryptocurrency and futures contracts instead of holding actual dollars. The outflows from USDe indicate that users are either selling USDe…
Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$92,963.43, is currently in discussions with index provider MSCI regarding a potential removal from significant equity indices.A verdict is expected by January 15, Reuters has reported. This outcome could have substantial implications for the Virginia-based company in Tysons Corner.JPMorgan analysts projected last month that such a removal could lead to outflows of as much as $8.8 billion if other index providers mimic MSCI’s actions. The reason behind this is that Strategy’s inclusion in indices like MSCI USA and MSCI World incorporates it into many passive investment vehicles.“We’re participating in that process,”…
Ethena’s synthetic-dollar stablecoin USDe experienced one of its most significant contractions this month, while fiat-backed stablecoins such as USDT, USDC, and PYUSD drew billions in inflows.According to CoinGecko, Ethena’s USDe stablecoin dropped from a market capitalization of $9.3 billion on November 1 to $7.1 billion by November 30. The token saw approximately $2.2 billion in redemptions, reflecting a 24% reduction in supply for the month of November.Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies employing crypto and futures contracts instead of holding physical dollars. The outflows from USDe indicate that users are likely selling…
The Bitcoin staking platform Babylon has partnered with the leading decentralized lending protocol Aave, enabling users to leverage BTC directly as collateral without the need for wrapping or centralized custody.In addition to lending, Babylon is also poised to expand its vault design into decentralized finance (DeFi) insurance, permitting BTC to act as collateral for coverage against protocol vulnerabilities. BTC deposits into insurance pools would gain yield if no claims are made, while ensuring liquidity for claims when hacks occur.This initiative is currently under development, with an announcement expected by January 2026, according to Babylon co-founder David Tse’s interview with CoinDesk.Babylon…
Bitcoin seems to be approaching a critical juncture as short-term traders experience the steepest unrealized losses observed in the current bull cycle. According to CryptoQuant analyst Darkfost, short-term Bitcoin (BTC) traders who have held BTC for one to three months have been enduring losses between 20% and 25% for over two weeks, representing the highest stress point of the current market cycle. “Typically, when a significant number of them have capitulated, as evident in recent weeks, that’s when the opportunity to accumulate becomes appealing,” he stated in a note on Monday here. This group will remain at a loss until…
Ethena’s synthetic-dollar stablecoin USDe experienced one of its most significant monthly contractions, while fiat-backed stablecoins such as USDT, USDC, and PYUSD drew in billions in inflows.According to CoinGecko data, Ethena’s USDe stablecoin declined from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion by Nov. 30. The token faced around $2.2 billion in redemptions, resulting in a 24% supply decrease in November.USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies involving cryptocurrencies and futures contracts instead of holding actual dollars. This indicates that USDe outflows stem from users either selling USDe on the…
Daily cryptocurrency liquidations have nearly tripled this cycle, as increasing open interest and broader exchange activity contribute to a more leveraged market.According to a recent report from Glassnode and Fasanara, the average daily liquidations of futures have escalated from around $28 million in long positions and $15 million in shorts in the previous cycle to $68 million long and $45 million short this time.This was notably highlighted on October 10, during an event researchers termed “Early Black Friday.” In this sell-off, over $640 million per hour in long positions were liquidated as Bitcoin (BTC) dropped from $121,000 to $102,000. Open…
Bitcoin appears to be approaching a critical juncture as short-term traders face significant unrealized losses during the ongoing bull cycle.Traders who have held Bitcoin (BTC) for one to three months are currently experiencing losses of 20% to 25%, a situation lasting over two weeks, according to CryptoQuant analyst Darkfrost.“Once a considerable number of them have capitulated, as seen in recent weeks, that typically marks an interesting opportunity for accumulation,” he mentioned in a Monday note.This group will remain at a loss until BTC trades above its realized price of approximately $113,692, Darkfrost noted. Bitcoin on-chain trader realized price and profit/loss…
Taiwan is set to launch its first domestically issued stablecoin in the latter half of 2026, although regulators have yet to determine the currency to which the token will be linked.According to local reports, Financial Supervisory Commission Chair Peng Jin-long informed lawmakers this week that the draft Virtual Assets Service Act has successfully completed initial cabinet evaluations and is on track for a third reading next session. Specific regulations regarding stablecoins are expected within six months, making the earliest possible launch late 2026.The legislation does not limit issuers to banks, but the FSC and Taiwan’s central bank have agreed that…