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.
Main Takeaways: The ability of Bitcoin traders to surpass the price resistance at $116,000 may depend on the Federal Reserve’s interest rate decision on Wednesday and the ongoing US-China trade summit this week.Professional traders are distributing during BTC price rallies, while retail investors are purchasing dips in the spot market and facing liquidations in futures.The price of Bitcoin (BTC) continues to exhibit resilience, having risen 13% since the major liquidation-driven sell-off on October 10, though technical analysis suggests that daily closes above $116,000 are necessary to confirm a bullish trend reversal.According to data from TRDR, sellers are limiting recent intra-day price…
Mark Karpelès, the former CEO of Mt. Gox, likely wishes he had today’s AI technology when he acquired Mt. Gox from its founder, Jed McCaleb, in 2011.Karpelès recently input an early version of Mt. Gox’s codebase into Anthropic’s Claude AI. The analysis returned highlighted the critical vulnerabilities that led to the exchange’s initial major hack, labeling it as “critically insecure.”In a post on X, Karpelès shared that he uploaded Mt. Gox’s 2011 codebase to Claude, including various data like GitHub history, access logs, and information released by the hacker.Source: Mark Karpelès Claude AI’s analysis indicated that Mt. Gox’s 2011 codebase…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, argues that the Bank of Korea’s initiative for the banking sector to spearhead the launch of won-denominated stablecoins lacks sound logic.In a report released Monday, the central bank highlighted that banks are already under stringent regulations, such as capital, foreign exchange, and Anti-Money Laundering requirements, which may help mitigate risks related to introducing stablecoins in the country.Simultaneously, the BOK aims to establish a policy consultative body composed of currency, foreign exchange, and financial authorities to determine issuer eligibility, volumes, and other crucial aspects.Seo informed Cointelegraph that while the central bank’s worries…
Bitcoin remained around $113,000 as traders anticipated the conclusion of the Federal Open Market Committee (FOMC) meeting today, with Chair Jerome Powell scheduled to hold a press conference at 2:30 p.m. ET. Analyst insights Ali Martinez notes that bitcoin must surpass $120,000 to pave the way toward $143,000. Simply put, he believes that clearing the $120K threshold reduces historical price congestion above, making it more likely to reach the $143K milestone in his analysis. His analysis is based on long-term pricing bands—smoothed curves derived from on-chain averages that function like lanes on a highway. In the provided chart, the price…
The global payments leader Visa is preparing to introduce support for four stablecoins across four distinct blockchains, as the company aims to enhance its crypto services.Visa’s CEO Ryan McInerney informed investors during the company’s fourth-quarter and year-end earnings call on Tuesday that Visa will keep expanding its stablecoin offerings following substantial growth in the past financial year.“We are incorporating support for four stablecoins operating on four distinct blockchains, covering two currencies that we can accept and convert to over 25 traditional fiat currencies.”McInerney did not disclose specifics about the stablecoins and networks Visa will support, but this initiative will enhance…
Bitcoin (BTC) began the final week of October with a positive surge; can BTC price action reverse its decline from all-time peaks?Bitcoin achieved a weekly close at $114,500 as bulls initiated a crucial comeback, yet many traders remained skeptical.The FOMC week kicked off with stocks expressing relief over decreased US-China tariff possibilities.Continued rate reductions could inherently boost BTC price action, as research suggests, with AI forecasting a rise to $125,000.“Uptober” 2025 for Bitcoin may steer clear of the infamous title of “worst October ever.”Short-term holders are back in profit, with potential growth before reaching classic retracement zones.Bitcoin price challenges remain…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, asserts that the Bank of Korea’s initiative for the banking sector to spearhead the introduction of won-denominated stablecoins is illogical.In a report released on Monday, the central bank claimed that existing strict regulations on banks—covering capital, foreign exchange, and Anti-Money Laundering—could effectively mitigate the risks linked to the introduction of stablecoins in the country.Additionally, the BOK proposes a consultative body comprising currency, foreign exchange, and financial authorities to oversee issuer eligibility, volumes, and other critical factors.Seo told Cointelegraph that while the central bank’s concerns about stablecoin risks are valid, the reasoning…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, critiques the Bank of Korea’s strategy for the banking sector to spearhead the introduction of won-denominated stablecoins, calling it illogical.In a report published on Monday, the central bank stated that banks, already governed by rigorous regulations including capital, foreign exchange, and Anti-Money Laundering standards, could mitigate the risks related to the introduction of stablecoins in the nation.Additionally, the BOK seeks to form a policy consultative body featuring currency, foreign exchange, and financial authorities to evaluate issuer eligibility, volume, and other critical factors.Seo remarked to Cointelegraph that while the central bank’s concerns…
Following the market crash on October 10, which resulted in significant losses for bitcoin BTC$112,654.01 and various other cryptocurrencies, close to $1 billion in DeFi positions involving Ethena’s staked USDe (sUSDe) are currently at risk, as noted in a recent report by Sentora Research.In the wake of the crash, Sentora highlights that interest rates in the DeFi markets have fallen sharply, resulting in reduced yields for leverage strategies like the sUSDe loop trade. sUSDe is Ethena’s Staked USDe, a synthetic dollar stablecoin that earns yield through staking the underlying USDe token.The LoopThis well-known strategy involves traders using sUSDe as collateral…
The next significant upgrade for Ethereum, Fusaka, has gone live on the Hoodi testnet, paving the way for its mainnet launch on December 3, which will introduce multiple improvements in scalability and security for the network.“Another smooth upgrade, another important milestone on the path to Fusaka,” Nethermind reported on Tuesday after their widely utilized validator client completed the fork.Fusaka will incorporate several Ethereum Improvement Proposals (EIPs), including Peer Data Availability Sampling, or PeerDAS, through EIP-7594, which allows validators to access smaller data segments on layer 2 networks rather than full blobs, enhancing node efficiency.Also part of the update are EIP-7825…