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.
US Treasury Secretary Scott Bessent commended Singapore’s leading role in stablecoin and digital asset adoption during a meeting with Prime Minister Lawrence Wong on Friday, as per an official readout from the US Department of the Treasury.The dialogue took place at the Asia-Pacific Economic Cooperation (APEC) 2025 summit in Gyeongju, South Korea, where world leaders congregated to address global growth, energy security, and technology.Bessent also informed APEC leaders during the Economic Leaders’ Informal Dialogue that, through their collaboration with APEC economies, the US is “experiencing unprecedented levels of capital being invested into advanced manufacturing and technology sectors.”APEC is an annual…
Hedera (HBAR) has seen an increase of over 14% this week, recovering from a recent decline. However, despite this short-term recovery, the HBAR price remains nearly 9% lower for the month, indicating a clear downtrend.The conflicting signals from various indicators now raise an important question: Are whales signaling an impending crash that both smart investors and retail traders might be overlooking?Sponsored Smart Money and Retail Stay Bullish Despite Warning SignsThe Smart Money Index (SMI), which tracks the actions of seasoned HBAR traders, has been rising since October 26, achieving higher highs and surpassing its signal line. This generally indicates that…
Bitcoin (BTC) is set to let down investors, as it approaches the end of October—a month typically favorable for gains—on a downtrend. In contrast, BNB Chain has experienced unprecedented activity with token prices surging at the start of the month.Within the EU, the landscape remains fluid as member countries deliberate on the “Chat Control” proposal, with nine nations outright opposing it. Concerns about insufficient support have led lawmakers in Brussels to postpone their ruling on the controversial measure until December.While the US government shutdown has stalled most federal operations, including decisions on cryptocurrency exchange-traded products, legislative efforts in four states…
According to on-chain investigator ZachXBT, the proliferation of various stablecoin tickers and token standards is fragmenting liquidity across the crypto ecosystem, resulting in a cumbersome, costly, and technical experience for users.Users encounter several hurdles when transferring stablecoins, including cross-chain bridging restrictions, gas and transaction fees that must be paid in the native token of the blockchain used, and a lack of universal token support across exchanges, ZachXBT stated. He provided the following illustration:“Consider you receive USDPT to your Solana address, but find that your wallet doesn’t include USDPT on its default token list. Needing gas, you then bridge ETH from…
The proliferation of stablecoin tickers and token standards is fragmenting liquidity within the crypto ecosystem, resulting in a user experience that is costly, technical, and time-intensive, according to on-chain analyst ZachXBT.Users encounter various challenges when transferring stablecoins, such as cross-chain bridging limitations, gas and transaction fees that must be paid in the native token of the respective blockchain, and inadequate universal token support across exchanges, ZachXBT noted. He provided the following scenario:“Imagine you receive USDPT to your Solana address but discover that your wallet doesn’t list USDPT by default. Needing gas, you bridge ETH from Ethereum and wait several minutes,…
FIL$1.4903 experienced a 4.3% rise in the past 24 hours, benefiting from a broader crypto market rally, recovering from significant losses seen yesterday.The CoinDesk 20 index, which gauges the wider market, reported a 2.5% increase at the time of this publication.The decentralized storage asset traded between a low of $1.40 and a peak near $1.52, as traders tested crucial support and resistance levels within an ascending channel structure, according to the technical analysis model from CoinDesk Research.The model revealed a notable spike on Oct. 30 at 17:00, with volume reaching 5.46 million tokens—98% above the 24-hour moving average.This surge correlated…
As per the technical analysis data model from CoinDesk Research, BCH$554.76 surged past $550 during a high-volume rally, then stabilized in a narrow range as traders assessed if the new support level would hold. Technical Analysis Insights Movement and outcome: BCH increased from $540.24 to $554.52, achieving a 2.6% gain for the session, indicating higher lows and confirming an upward trend. Timing of breakout: The surge commenced during Asian trading hours as the price surpassed $547 at 1 a.m. UTC, with the breakout candle recording 130,078 units. Volume analysis: The trading volume exceeded average levels by 328% during the rise…
Faryar Shirzad, the chief policy officer at the US-based cryptocurrency exchange Coinbase, has rebutted several claims made by a US senator regarding connections to the Trump administration.In a Thursday X post, Shirzad addressed criticism from Connecticut Senator Chris Murphy, who asserted on social media that Coinbase is part of US President Donald Trump’s “corruption factory” due to its donations to the political action committee (PAC) Fairshake and funding for the 2025 inauguration.The senator made a direct connection between this funding and the US Securities and Exchange Commission (SEC) dropping an enforcement action against Coinbase, which had been initiated during the…
Tether USDT$0.9996, the issuer of the largest stablecoin globally, announced on Friday its net profits exceeded $10 billion for this year, coinciding with its flagship token reaching a $174 billion market cap in the third quarter of 2025.Based on the firm’s recent attestation validated by accounting firm BDO Italy, the company concluded the quarter with $6.8 billion in excess reserves, maintaining a buffer over its $174.4 billion in liabilities linked to USDT.”With unprecedented exposure to U.S. Treasuries, now totaling $135 billion, it positions our company as the 17th largest holder of U.S. debt,” remarked CEO Paolo Ardoino in a statement.The…
Macquarie has upgraded Core Scientific (CORZ) to outperform from neutral and raised its price target on the stock significantly, nearly 90%, to $34 from $18 after the CoreWeave (CRWV) deal fell through.The collapse of the merger between Core Scientific and CoreWeave was anticipated, as reports and proxy recommendations indicated shareholder resistance, according to analysts Paul Golding and Marni Lysaght in their Thursday report.The analysts interpreted the situation positively, suggesting it gives Core Scientific more ability to lease its near-term power capacity to AI clients.In early trading, Core Scientific shares climbed 4.5%, reaching about $21.70.The bitcoin miner’s 1.5 gigawatt (GW) portfolio…