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.
Bank Indonesia (BI), the nation’s central bank, is progressing with plans to launch its “national stablecoin version,” a digital currency supported by government bonds (SBN). This initiative was announced by central bank Governor Perry Warjiyo at the Indonesia Digital Finance and Economy Festival and Fintech Summit 2025 in Jakarta on Thursday, according to CNBC Indonesia’s report.During the summit, Warjiyo mentioned that Bank Indonesia intends to issue digital central bank securities, which are tokenized equivalents of SBN. These digital securities will be underpinned by the digital rupiah, the country’s central bank digital currency (CBDC).In summary, Bank Indonesia’s proposed digital securities will…
US Treasury Secretary Scott Bessent announced on Thursday that the US would lift restrictions aimed at limiting Chinese companies’ access to technology deemed sensitive by the government.The lifted restrictions were part of a deal where China agreed to pause its export controls on rare earth minerals used in electronics and defense, according to Reuters.Bessent’s statement follows a period of easing trade tensions between the two nations, typically a positive signal for cryptocurrency values.Nonetheless, recent comments from Federal Reserve Chair Jerome Powell following the Federal Open Market Committee (FOMC) meeting, which indicated that FOMC members have “strongly differing views” on a…
Good Morning, Asia. Here’s the latest in market news: Welcome to the Asia Morning Briefing, your daily digest of key stories during U.S. hours, along with a summary of market movements and analyses. For a comprehensive look at U.S. markets, check out CoinDesk’s Crypto Daybook Americas. As Hong Kong starts its trading day, Bitcoin is hovering around $109K. Traders are processing Federal Reserve Chair Jerome Powell’s recent comments indicating that another rate cut isn’t guaranteed, which has dampened interest in BTC ETFs and other riskier assets. According to Polymarket traders, there’s now a 71% probability for a 25-basis-point rate cut…
Shares in Strategy have surged nearly 6% after hours following the Bitcoin treasury company’s announcement of a net income of $2.8 billion for its third quarter. This is a drop from the second quarter, yet it still surpasses analyst expectations.On Thursday, Strategy reported diluted earnings per share of $8.42 for the quarter ending Sept. 30, exceeding Wall Street forecasts of $8.15.The company’s $2.8 million income for the quarter marked a significant recovery from a $340.2 million loss the same period last year, although it’s a decline from a record $10 billion net income in Q2.Shares in Strategy (MSTR) rose by…
Key takeaways:A significant drop in Bitcoin often results in systemic contagion, pulling altcoins down through liquidity and confidence channels.During market crises, cryptocurrencies are typically regarded as a single risk asset, rather than being evaluated for their individual utility, as evidenced by the high correlations between BTC-ETH and BTC-XRP.Correlation and beta analyses are vital for assessing the extent to which Ether and XRP are influenced by Bitcoin’s performance.Keeping an eye on correlation indicators, utilizing derivatives, and maintaining stable or yield-bearing assets can help mitigate risks linked to Bitcoin shocks.Bitcoin’s (BTC) dominance in the cryptocurrency market has been a cornerstone of crypto…
Lombard Finance has acquired the on-chain infrastructure of BTC.b, a Bitcoin asset valued at $538 million on the Avalanche network. The company aims to extend its operations across Ethereum, Solana, and other prominent blockchains starting next year. Summary Lombard Finance has taken over BTC.b, a $538M Bitcoin asset on Avalanche, along with its infrastructure and a user base exceeding 12,500 addresses. The firm plans to transition BTC.b to its own decentralized protocol by Q4 2025, secured by 15 institutional entities. BTC.b will expand from Avalanche to include Ethereum, Solana, and MegaEth, with integration into Lombard’s vault products used by Binance…
Key takeaways:A significant decline in Bitcoin often leads to systemic contagion, causing altcoins to drop through liquidity and confidence mechanisms.In times of crisis, the market tends to treat crypto as a singular risk asset instead of recognizing individual utility, demonstrated by the strong BTC-ETH and BTC-XRP correlations.Correlation and beta analyses are crucial for assessing how closely Ether and XRP are linked to Bitcoin’s performance.Keeping an eye on correlation indicators, utilizing derivatives, and maintaining stable or yield-generating assets can help mitigate Bitcoin-related shocks.Bitcoin’s (BTC) dominance in the cryptocurrency market has always been a key element of crypto cycles. But what happens…
US Treasury Secretary Scott Bessent announced on Thursday that the US will halt restrictions aimed at limiting the access of Chinese firms to technology considered sensitive by the US government.The lifted restrictions were a result of China agreeing to suspend its export controls on rare earth minerals crucial for electronics and military defense applications, according to Reuters.Bessent’s announcement comes after weeks of easing trade tensions between the two nations, which typically serves as a positive driver for crypto prices.Nonetheless, the recent Federal Open Market Committee (FOMC) meeting and Federal Reserve Chair Jerome Powell’s comments—notably that FOMC members hold “strongly differing…
During the third quarter, Coinbase increased its Bitcoin reserve by 2,772 BTC, reinforcing its commitment to its Bitcoin strategy as it works towards becoming an “Everything Exchange.”Coinbase’s Bitcoin (BTC) holdings now total 14,548 BTC, valued at $1.57 billion, according to its Q3 report released on Thursday. The company also reported a significant increase in net income, rising over fivefold to $432.6 million year-over-year, with total revenue reaching $1.9 billion, a 55% increase compared to the previous year.This growth was supported by transaction revenue, which surged to $1.05 billion, while subscription revenue, including stablecoin revenue and blockchain rewards, grew by 34.3%…
Pi Coin faced significant volatility in October, characterized by drastic price fluctuations that led to both rapid declines and recoveries within weeks. Although this turbulence briefly revitalized investor sentiment, the overall outlook remains cautious.Despite the rebound, Pi Coin’s price continues to struggle in regaining lost momentum, and current market indicators suggest that many investors might not be fully invested in another recovery effort for November.Pi Coin Investors Show SkepticismThe Chaikin Money Flow (CMF) indicator reveals a retreat among Pi Coin investors. Recently, the CMF dropped below the zero line, indicating that market outflows now prevail. This trend points to diminishing…