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.
The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point reduction in interest rates on Wednesday, lowering the target Federal Funds rate to 3.75%-4%.Investors had already “fully priced in” Wednesday’s rate cut, as it was widely expected, according to Matt Mena, a market analyst at 21Shares. Mena also predicted:“November has historically been a strong month for Bitcoin, with positive returns in 8 out of the last 12 years, averaging 46.02% returns. Overall, we maintain a moderately risk-on stance and see a realistic opportunity for Bitcoin to surpass its all-time high before the year’s end.”Following the FOMC announcement, asset…
Key points: The sell-off of Bitcoin intensified after the Federal Reserve lowered rates by 25 basis points.The decline in crypto indicates that traders are considering macroeconomic challenges, such as a faltering jobs market and inflation, even though they expect interest rate cuts to continue until 2026.Bitcoin (BTC) fell to $109,200 ahead of Wednesday’s US Federal Reserve decision to reduce interest rates by 25 basis points. While traders might have anticipated some risk-off behavior prior to Fed Chair Jerome Powell’s announcement, the 6% decline from its Monday rally to $116,400 may be sharper than expected, particularly since analysts had widely predicted a…
Highlights: The sell-off of Bitcoin intensified following a 25 basis point rate cut by the Federal Reserve.The decline in the crypto market indicates that traders are considering macroeconomic challenges like a slowing jobs market and inflation, despite expectations of continued interest rate cuts into 2026.The price of Bitcoin (BTC) dropped to $109,200 just before Wednesday’s decision by the US Federal Reserve to decrease interest rates by 25 basis points. While some traders might have expected a risk-off sentiment before Fed Chair Jerome Powell’s announcement, BTC’s 6% fall from its rally at $116,400 on Monday seemed more pronounced than anticipated, particularly…
Solana staking exchange-traded funds are set for a bright future on traditional stock exchanges, following Bitwise’s fund debut on the New York Stock Exchange, which exceeded $56 million in trading volume on its first day.Matt Hougan, Bitwise’s chief investment officer, referred to the Bitwise Solana Staking ETF (BSOL) as “the missing piece of the puzzle” during an interview on Cointelegraph’s Chain Reaction daily show, highlighting the substantial investment it garnered on the NYSE.So, @BitwiseInvest Solana Staking ETF totalled $56M in trading volume after its debut on @NYSE 💰As @EricBalchunas reported, it’s the biggest ETF debut in 2026.@Matt_Hougan described $BSOL as…
BNB’s price fell by 2.7% over the past 24 hours to $1,105 after the increase triggered by BNB Chain’s largest-ever quarterly token burn in dollar terms subsided.This drop dampened expectations that the $1.6 billion reduction in supply would bolster the price further. BNB Chain burned 1.44 million BNB as part of its deflationary model, reducing the total supply to approximately 137.7 million.Traders, however, shifted their focus, as the overall crypto market dipped 1.8% during this time, according to the CoinDesk 20 (CD20) index.Following the failure to hold the $1,128 support level, trading volume surged and prices plummeted, temporarily hitting an…
The Ethereum layer-2 project MegaETH has successfully raised $450 million during a token sale, surpassing its fundraising goal by nearly nine times within hours of launching.Blockchain analytics company Arkham reported that 819 wallets contributed the maximum investment, sending $186,000 worth of USDT to MegaETH’s sale address, with a total of 14,491 investors participating.Supported by Ethereum co-founders Vitalik Buterin and Joe Lubin through their parent company MegaLabs, MegaETH is set to achieve sub-millisecond latency and process up to 100,000 transactions per second, providing performance that competes with traditional web applications while remaining compatible with Ethereum.A weighted allocation system considering prior community…
This post provides a technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin BTC$111,332.14 is experiencing a downturn following Federal Reserve Chairman Jerome Powell’s recent hawkish comments, which have raised concerns about a potential rate cut in December.This is reflected in the price chart, indicating that despite BTC facing selling pressure likely triggered by Powell’s comments on potential easing in December, prices remain above the significant 200-day simple moving average (SMA) around $109,250. As of this writing, BTC is trading at $111,000, having bounced back from this crucial average.Staying above the 200-day simple moving average (SMA), a long-term…
The AfD party is advocating for Germany to classify Bitcoin as a strategic national asset. The AfD Bitcoin reserve initiative seeks exemption from MiCA and favorable tax policies. AfD promotes Bitcoin as “state-free money” to enhance sovereignty. Germany’s Alternative for Germany (AfD) party has introduced a parliamentary resolution calling on the government to acknowledge Bitcoin as a strategic asset. The concise, assertive proposal insists that Bitcoin warrants special consideration separate from other crypto-assets and demands tax and regulatory relief to foster innovation and national sovereignty. The Bitcoin strategic reserve initiative by AfD The AfD initiative urges legislators to differentiate Bitcoin…
Evernorth has emerged as a formidable force in institutional cryptocurrency acquisition, nearing its significant XRP treasury objective. Within days, the company has accomplished 95% of its accumulation target, representing a noteworthy milestone in XRP’s advancements towards wider institutional adoption. The swift growth of Evernorth’s reserves and its strategic alliances have generated renewed enthusiasm within the XRP community, hinting at a crucial transformation in institutional engagement with cryptocurrency. Evernorth Approaches $1 Billion In XRP Holdings A fresh report from CryptoQuant has uncovered that Evernorth’s XRP holdings are on the verge of reaching the $1 billion funding milestone, placing it among the…
BitGo has introduced custody support for the Canton Network, enabling institutional investors to utilize the crypto infrastructure providers’ solution for secure management and holding of the native Canton token. Summary BitGo has launched qualified custody support for the privacy-focused blockchain, Canton Network. This integration makes BitGo the first U.S.-based qualified custodian for the native token CC. It includes $250 million in institutional insurance for substantial holdings. BitGo announced its custody support for the Canton Coin token to institutions on Oct. 29, highlighting that it is now the first U.S.-based qualified custodian for CC. This announcement follows the U.S. Securities and…