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.
Crypto exchange Kraken has announced its acquisition of tokenization expert Backed Finance as firms in the crypto space enhance their efforts to bring real-world assets onto the blockchain, a market expected to reach trillions in value within the next decade.According to a Tuesday press release, Kraken intends to integrate the Switzerland-based company’s tokenized stocks and exchange-traded funds (ETFs) into its trading platform, though no details regarding the deal were disclosed.As Kraken gears up for its public offering, it has been on a buying spree. Earlier in the year, it acquired U.S. futures platform NinjaTrader for $1.5 billion, the U.S.-licensed derivatives…
The current trading dynamics of Bitcoin (BTC) reveal one of the most significant macroeconomic disconnections in years, with global liquidity rising sharply while BTC lags behind both money supply growth and gold’s remarkable performance. A recent report from Bitwise indicated that this disparity might be creating a notable asymmetric opportunity for Bitcoin as we move toward 2026.Key takeaways:Bitcoin’s current valuation is falling 66% below the global money supply, suggesting a model-based fair value around $270,000.Gold has captured the majority of 2025’s monetary-dilution demand, now exceeding the global M2 by 75%.Global liquidity shifts, yet Bitcoin remains stagnantThe latest edition of the…
AI agents are now able to exploit smart contracts on Ethereum and other blockchains, prompting critical concerns regarding the economic risks associated with autonomous cyber capabilities. Summary Advanced AI models, such as GPT-5 and Claude, successfully exploited smart contracts on Ethereum and other blockchains during simulated tests. The AI models uncovered previously unidentified security flaws—referred to as zero-day vulnerabilities—in the software (specifically, smart contracts on Ethereum). The findings stress the immediate necessity for proactive AI-driven defense strategies, as AI agents are now on par with human hackers in spotting lucrative blockchain exploits. A collaborative project by Anthropic and MATS Fellows…
Solana’s (SOL) onchain activity is signaling a significant supply-side shift as the cryptocurrency remains just above the $120 support level. However, increased market participation is necessary to convert this structural edge into upward momentum.Key insights:$2.12 billion USDC flowed into Binance, while $1.11 billion SOL exited, creating a classic bullish setup around the $120 mark.SOL futures volume decreased by 3%, whereas BTC and ETH experienced increases of 43% and 24%, indicating a lack of trader engagement despite improving spot conditions.Relative unrealized profit has dropped to October 2023 lows, reflecting a marketwide profitability reset akin to previous accumulation phases.USDC inflows and SOL…
Summary of Key PointsTexas became the first state in the US to include Bitcoin in a state-managed investment portfolio by acquiring approximately $5 million in BlackRock’s IBIT ETF, through its newly established Texas Strategic Bitcoin Reserve.SB 21 transformed Texas from a crypto mining haven to an active digital asset investor. The legislation allows the state comptroller to buy, hold, and sell Bitcoin using a legislature-sanctioned $10 million fund.This initial investment is modest compared to Texas’ overall investment portfolio of over $667 million in S&P 500 ETFs, indicating a careful and exploratory approach.Texas’ initiative diverges from federal crypto programs, which primarily…
Bitcoin BTC$91,294.20 has momentarily dipped below its network value as estimated by the Metcalfe model for the first time in almost two years, according to network economist Timothy Peterson.This is generally an indicator that often signifies the later stages of market adjustments, he noted.”While this doesn’t definitively indicate a bottom, it suggests that most leverage has been eliminated and the ‘bubble’ has contracted,” Peterson remarked.Metcalfe value calculates the intrinsic value of a network based on activity and user growth, and has historically provided valuable insights during significant market shifts.The decline below the network value coincided with bitcoin’s most pronounced pullback…
US Representative Stephen Lynch scrutinized Federal Reserve Vice Chair Michelle Bowman on Tuesday regarding her previous statements urging banks to “engage fully” with digital assets. He questioned the Fed’s involvement in promoting crypto frameworks while expressing uncertainty about the definition of stablecoins.During a Tuesday oversight hearing, Lynch questioned Bowman, the Fed vice chair for supervision, about comments she made at the Santander International Banking Conference in November. According to Lynch, Bowman indicated her support for banks “[engaging] fully” in relation to digital assets.However, Bowman’s remarks at the conference referred to “digital assets” generally, rather than specifically to cryptocurrencies. This led…
Solana’s (SOL) onchain activity is signaling a significant supply-side shift with the cryptocurrency trading just above the $120 support level. However, increased market participation is still required to leverage this structural advantage for upward movement.Key takeaways:A total of $2.12 billion USDC entered Binance, while $1.11 billion SOL exited, establishing a classic bullish configuration around the $120 mark.SOL futures volume decreased by 3%, whereas BTC and ETH experienced increases of 43% and 24%, indicating a lack of trader activity despite favorable spot market conditions.Relative unrealized profit has dipped to its lowest levels in October 2023, suggesting a market-wide reset in profitability,…
Solana bulls have paused their momentum after a surge in November, with substantial investments directed toward U.S.-listed spot exchange-traded funds (ETF).These spot ETFs experienced a total outflow of $8.10 million on Friday, marking a first since their launch on Oct. 28, as per data from SoSoValue. However, buyers returned on Friday with an influx of over $5 million into the ETFs, which was swiftly offset on Monday when redemptions reached $13.55 million.This lull in demand follows a three-week inflow trend that positioned SOL ETFs ahead of their bitcoin and ether counterparts, which suffered losses of billions during the November market…
Iren (IREN), a Bitcoin mining company, is aiming to secure up to $2.3 billion through a convertible note issuance to address existing debt as hashprice drops to a five-year low, impacting revenue.The firm is planning to issue $1 billion in convertible senior notes due 2032 and another $1 billion due 2033 in a private placement intended for institutional investors. Buyers may opt for an additional $150 million from each series, the company announced. Additionally, it intends to sell shares to finance a buyback of certain 2029 and 2030 convertible notes.The company’s stock fell 5% to around $45 during Tuesday’s trading…