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.
Sure! Here’s the rewritten content while preserving the HTML tags: OKX has now backed its customer assets with $35.4 billion in primary holdings, reflecting a 75% increase year-over-year, as its 36th consecutive Proof of Reserves (PoR) report sets a new verifiable standard for an industry under regulatory watch. Summary OKX celebrates three years of uninterrupted Proof of Reserves reporting, confirming $35.4B in fully backed assets across 22 different tokens. The exchange showcases a 75% annual growth in reserves, boasting over 100% coverage for key assets such as BTC, ETH, and USDT. User participation is thriving, with zero-knowledge audits increasing by…
Bitcoin BTC$107,558.83 has dipped below the crucial 200-day simple moving average of $109,380, signaling possible weakness as the dollar index (DXY) keeps gaining strength. This downturn may lead to further selling from technical traders, possibly driving bitcoin down towards $100,000 or lower. The dollar index, which gauges the U.S. dollar against major global currencies, rose to 99.72 — its highest since August 1 — spurred by Federal Reserve Chair Jerome Powell’s hawkish remarks downplaying a rate hike in December and the Bank of Japan’s dovish approach, which weakened the yen.Interestingly, bitcoin’s drop comes despite positive news in U.S.-China trade relations.…
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OpenAI, a leader in artificial intelligence (AI), is exploring an initial public offering (IPO) that may value the company at up to $1 trillion, as reported by Reuters on Wednesday.This IPO could potentially occur in the latter half of 2026, according to sources familiar with the situation.Sarah Friar, OpenAI’s chief financial officer, mentioned to some colleagues that a 2027 IPO is the target, although some advisors believe it could happen sooner.By tapping into public markets for funding, OpenAI can decrease its dependency on Microsoft (MSFT), which currently holds a 27% ownership stake in the company after a recent recapitalization.OpenAI’s offerings,…
Strategy (MSTR), recognized as the largest corporate holder of bitcoin, announced a net income of $2.8 billion, translating to an EPS of $8.42 for Q3 2025.Under the leadership of Executive Chairman Michael Saylor, the firm has diligently pursued its aggressive bitcoin acquisition strategy. Thanks to proceeds from issuing common and preferred stock, Strategy boosted its holdings to 640,031 BTC by September’s end, up from 597,325 at the start of the quarter (subsequent purchases in October have increased the total to 640,808).This quarterly profit was driven by an increase in bitcoin’s price, rising from about $107,000 at the beginning of July…
Core Scientific, a Bitcoin miner, was unable to secure approval for a merger with the AI infrastructure firm CoreWeave during a shareholder meeting on Thursday.The preliminary vote results will be reported in a filing with the Securities and Exchange Commission (SEC) on Friday, as stated in Core Scientific’s announcement.In July, CoreWeave completed a $9 billion acquisition, pending shareholder approval, which would provide Core Scientific shareholders with 0.1235 shares of CoreWeave Class A common stock for each share they hold of Core Scientific.Following the shareholder vote news, Core Scientific’s shares dropped by over 5% on Thursday. Cointelegraph attempted to contact the…
Key points: Bitcoin charts indicate a potential decline to $103,800 and a possible dip below $100,000 as the most probable short-term scenario.Concerns arise among investors that Big Tech’s CAPEX expansion for AI infrastructure suggests a market driven by speculation.Bitcoin’s (BTC) sell-off at month-end intensified as prices fell to $107,328 shortly after the New York market opened, reaching an intraday low of $106,800. This trend reflects a slight downturn in US stock markets, with the S&P 500 and Nasdaq recording minor losses despite Big Tech companies exceeding third-quarter earnings expectations.The Magnificent Seven giants, Meta and Microsoft, experienced respective declines of 10%…
Coinbase (COIN) delivered impressive results for its third quarter, buoyed by increased trading activity, a rebound in asset prices, and ongoing growth in subscriptions and services. The U.S.-based exchange recorded total revenue of $1.9 billion, marking a substantial 58% increase from last year’s $1.2 billion for the same period.Post-market trading saw shares rise by 3%.Transaction revenue, a significant part of Coinbase’s operations, climbed to $1 billion, a sharp rise from $365 million a year ago. The company reported trading volumes of $295 billion, driven by renewed enthusiasm in the cryptocurrency markets, particularly among retail investors, whose trading volume surged by…
Core Scientific, a Bitcoin mining company, did not receive the necessary approval for a merger with AI infrastructure firm CoreWeave during a shareholder meeting held on Thursday.The conclusive results from the preliminary vote will be revealed in a Securities and Exchange Commission (SEC) filing on Friday, as stated in Core Scientific’s announcement. CoreWeave completed the $9 billion acquisition in July, pending shareholder approval, where Core Scientific shareholders would receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific they hold.Following the news of the shareholder vote, Core Scientific’s shares dropped by over 5% on Thursday.…
On October 30 (UTC), analysts highlighted long-term trend tests, public anxiety, and an initial support zone. CoinDesk Research’s technical analysis model indicated increased trading activity and a narrow range near the support level.Analyst InsightsAltcoin Daily noted that during bull markets, Bitcoin often revisits the 50-week moving average, currently around $103,000. A “retest” indicates a price drop back to a significant trendline to check if buyers will return. See X postSantiment reported that the dip to $107,000 on October 30 led to a spike in social media posts predicting prices below $100,000. Their chart shows blue bars indicating discussions about $50,000–$100,000…