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.
APAC regions are following different paths in the development of digital currencies. Some are progressing with central bank digital currencies, while others are adopting private stablecoins.On October 28, Hong Kong wrapped up its e-HKD pilot program, and Japan’s JPYC stablecoin exceeded 50 million yen within just 48 hours. South Korea raised concerns over the risks of depegging, while on October 29, Australia provided clarity on stablecoin regulatory requirements.Sponsored SponsoredHong Kong and UAE Progress CBDC InfrastructureThe Hong Kong Monetary Authority released its e-HKD Pilot Program Phase 2 Report on October 28, concluding an extensive review of 11 pilot projects involving major…
The cryptocurrency markets are preparing for significant fluctuations as $17 billion in Bitcoin and Ethereum options are due to expire on Friday. Summary On Friday, over $17 billion worth of Bitcoin and Ethereum options contracts will expire The majority of trader holdings are out-of-the-money options, accounting for 82.5% of open interest This timing aligns with significant macroeconomic events, likely increasing volatility The crypto markets are on edge as a significant event approaches. On Friday, October 31, more than $17 billion in Bitcoin and Ethereum options contracts are scheduled to expire on the derivatives exchange Deribit. In the case of Bitcoin…
Securitize, a platform for tokenizing real-world assets, has launched a tokenized fund aimed at providing investors access to AAA-rated collateralized loan obligations on the blockchain.The fund is in collaboration with global investment bank BNY Mellon. According to the announcement on Wednesday, BNY will oversee the fund’s underlying assets, while a subsidiary of the bank will manage its portfolio. With global issuance of collateralized loan obligations exceeding $1.3 trillion, Securitize and BNY intend to bring AAA-rated floating-rate credit onchain, as stated by the company.Pending governance approval within the Sky Ecosystem, Grove, an institutional-grade credit protocol, plans to support the fund with…
In the crypto world today, a pro-crypto political organization has endorsed Andrew Cuomo in the race for mayor of New York City. Additionally, Grayscale Investments has launched its Solana staking ETF in the United States, and Ethereum’s Fusaka fork has gone live on its final testnet.Pro-crypto organization supports Andrew Cuomo for NYC mayor as election nearsInnovate NY, a political organization that champions digital assets and has secured around $100,000 in funding ahead of the New York City mayoral race, has thrown its support behind Andrew Cuomo, the independent candidate and former state Governor.On Tuesday, Innovate NY endorsed Cuomo for the…
Mastercard is reportedly in advanced discussions to acquire crypto and stablecoin infrastructure firm zerohash, with a deal valued between $1.5 billion and $2 billion, according to multiple sources familiar with the negotiations.This news, reported by Fortune on Wednesday, follows Mastercard’s earlier attempts to enhance its presence in the stablecoin infrastructure sector. The global payments leader had explored acquiring BVNK, a London-based stablecoin startup, with a deal valued near $2 billion, according to insider sources.Although no agreement has been finalized, sources indicated Mastercard was outbid by centralized crypto exchange Coinbase, which is now in exclusive negotiations with BVNK.Zerohash is an API-centric…
Consensys, the blockchain software firm behind the MetaMask wallet, is planning a public offering and has selected JPMorgan Chase and Goldman Sachs as lead underwriters for this IPO, as reported by Axios on Wednesday. This listing would represent one of the most notable public entries by a company contributing to the Ethereum ecosystem ETH$3,953.22, the second-largest blockchain globally.When approached for comment, a company spokesperson informed CoinDesk that there is “nothing to announce at this time,” but mentioned ongoing evaluations for growth opportunities. “The firm is persistently seeking avenues to amplify its influence,” the spokesperson elaborated.Founded by Ethereum co-founder Joseph Lubin,…
Chainlink’s native token LINK LINK$18.53 rebounded to $18.40 during Wednesday’s session, recovering losses from a sharp intraday selloff that forced the price below the crucial $18 support level.A sudden surge in volume of 4.59 million tokens—178% above the 24-hour average—validated the breakdown as sellers overwhelmed short-term support levels. The token briefly ranged between $17.80 and $18.30 before buyers prevailed late in the day, according to CoinDesk Research’s market insight tool.This rebound coincided with an overall stabilization in the crypto markets following a slightly hawkish speech by Federal Reserve Chairman Jerome Powell, which had caused bitcoin BTC$111,356.63 briefly dipped below $110,000.LINK…
Telegram is set to become the first significant user of its own Cocoon network. This initiative aims to harness the platform’s vast user base and high query volume to establish a new economy for private AI inference on the TON blockchain. Summary Telegram introduced Cocoon, a decentralized AI inference network leveraging TON. Developers can utilize GPU resources and pay with TON tokens; GPU owners earn by providing computational power. AlphaTON Capital is supporting the initiative with global GPU infrastructure for private, on-chain AI processing. On Oct. 29, Telegram CEO Pavel Durov presented Cocoon at the Blockchain Life conference in Dubai,…
The Federal Reserve Open Market Committee (FOMC) declared a 25 basis point interest rate reduction on Wednesday, lowering the target Federal Funds rate to 3.75%-4%.This rate cut was “fully priced in” by investors, who largely expected the decision, according to Matt Mena, a market analyst at 21Shares. Mena also predicted:“November has historically been one of Bitcoin’s best months, showing positive returns in 8 of the last 12 years, averaging 46.02%. Overall, we maintain a moderately risk-on stance and see a feasible path for Bitcoin to surpass its all-time high before year-end.”Following the FOMC announcement, asset prices stayed flat or declined…
Mastercard (MA) is reportedly looking to acquire blockchain infrastructure startup Zero Hash as competition in the stablecoin payment sector intensifies.The global payments and card provider is in advanced discussions and might offer between $1.5 billion and $2 billion for the crypto company, according to a report by Fortune published on Wednesday, citing knowledgeable sources. The news arrives as Mastercard potentially faces challenges from Coinbase in its pursuit of crypto payments firm BVNK, the report noted.This development comes as stablecoins, digital currencies linked to fiat money such as the U.S. dollar, have emerged as the next significant avenue for global payment…