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.
SoFi Technologies (NASDAQ: SOFI) increased its profit forecast for the year on Tuesday after reporting exceptional third-quarter results that exceeded Wall Street’s expectations, thanks to a rise in fee revenue and growth in its user base across various financial products. CEO Anthony Noto stated that the company is on track to introduce crypto trading by year-end, with plans to launch its own SoFi USD stablecoin in the first half of 2026 — representing its most significant foray into the digital asset market. SoFi reported adjusted revenue grew by 38% year-over-year to $950 million, outpacing analyst predictions of $886.6 million. This…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, argues that the Bank of Korea’s initiative for the banking sector to spearhead the introduction of won-denominated stablecoins lacks logic.In a report published on Monday, the central bank indicated that banks are already under stringent regulations, such as capital, foreign exchange, and Anti-Money Laundering stipulations, potentially reducing risks linked to the introduction of stablecoins in the nation.Additionally, the BOK is advocating for a policy consultative body composed of currency, foreign exchange, and financial authorities to determine issuer qualifications, volumes, and other vital aspects.Seo remarked to Cointelegraph that while the central bank’s…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, critiqued the Bank of Korea’s initiative for the banking sector to spearhead the launch of won-denominated stablecoins as illogical.In a report released on Monday, the central bank expressed that banks already face stringent regulations, including capital, foreign exchange, and Anti-Money Laundering rules, which could mitigate the risks tied to introducing stablecoins in the country.Simultaneously, the BOK seeks a policy consultative body formed by currency, foreign exchange, and financial authorities to determine issuer eligibility, volumes, and other vital factors.Seo remarked to Cointelegraph that, although the central bank’s concerns over stablecoin risks are…
Good Morning, Asia. Here are the latest updates in the markets: Welcome to the Asia Morning Briefing, your daily recap of the key stories during U.S. hours, including market movements and analysis. For a comprehensive view of U.S. markets, refer to CoinDesk’s Crypto Daybook Americas. Bitcoin is trading around $112,100 in the early hours in Asia, dipping 0.5% over the hour and 1.8% over the past 24 hours, but showing a 3.4% increase for the week. This price behavior indicates a phase of consolidation rather than capitulation as traders anticipate the Federal Reserve’s rate decision – even though a cut…
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, critiques the Bank of Korea’s (BOK) initiative for the banking sector to spearhead the introduction of won-denominated stablecoins, stating it lacks rationale.In a report released on Monday, the central bank indicated that due to stringent regulations such as capital, foreign exchange, and Anti-Money Laundering requirements, banks are well-positioned to address risks related to introducing stablecoins in the nation.Moreover, the BOK seeks a policy consultative group comprising currency, foreign exchange, and financial authorities to determine issuer qualifications, volumes, and other essential aspects.Sseo told Cointelegraph that while the central bank’s concerns about stablecoin…
Key takeaways:Solana’s native token, SOL (SOL), was trading at $203 on Tuesday, marking a 14% increase from its recent low of $177 reached last Wednesday. This rebound was driven by rising anticipation surrounding the launch of the first Solana ETF in the US today.First US-based Solana ETF debutThe Bitwise Solana Staking exchange-traded fund (ETF) debuted on the New York Stock Exchange on Tuesday under the ticker symbol BSOL.Related: ‘The claim that L2s inherit ETH security is erroneous’ — Solana co-founderThis marked the first US spot Solana ETF providing 100% direct exposure to SOL, featuring built-in staking that offers approximately 7%…
Shares of American Bitcoin, associated with Trump, have increased by 20% this week as the company approaches the 4000 BTC milestone. Summary Shares of American Bitcoin have decreased by 6% The Trump-associated company completed a significant Bitcoin purchase The treasury and mining firm now holds 3,865 BTC, with a market capitalization of $5.29 billion Even with Bitcoin trading near its historical highs, treasury firms are continuing to accumulate Bitcoin. Nevertheless, on Tuesday, October 28, shares of Trump-linked American Bitcoin were down by 6% after a substantial rally the previous day. The stock price of American Bitcoin stood at $5.57, a…
In the world of crypto today, Polymarket is set to relaunch its trading services in the United States within weeks. Circle has introduced the Arc blockchain testnet with backing from over 100 institutions including BlackRock, Goldman Sachs, Visa, and Mastercard. Additionally, a US lawmaker is pushing for a ban on Trump, his family, and elected officials from trading in crypto and stocks.Polymarket aims for November US relaunch: ReportThe prediction platform Polymarket is reportedly looking to launch trading services in the US in a matter of weeks.According to a Bloomberg report on Tuesday, citing sources familiar with the situation, Polymarket plans…
Financial services firm Western Union has announced that its upcoming stablecoin settlement system will utilize the Solana blockchain.Revealed during the company’s third-quarter earnings call last week, the stablecoin system will feature the US Dollar Payment Token (USDPT) along with the Digital Asset Network, developed in collaboration with Anchorage Digital Bank, as Western Union stated on Tuesday.The firm anticipates that USDPT will be introduced in the first half of 2026, enabling customer access via partner exchanges to enhance accessibility, similar to the PayPal USD (PYUSD) stablecoin listed on Binance and other platforms.Furthermore, the Digital Asset Network will act as a cash…
Financial services firm Western Union has announced that its upcoming stablecoin settlement system will be based on the Solana blockchain.This was revealed during the company’s recent third-quarter earnings call, where they detailed that the stablecoin system will feature the US Dollar Payment Token (USDPT) and the Digital Asset Network, developed in collaboration with Anchorage Digital Bank, as Western Union stated on Tuesday.The company anticipates that USDPT will be available in the first half of 2026, allowing customer access through partner exchanges to enhance accessibility, akin to the listing of the PayPal USD (PYUSD) stablecoin on Binance and other platforms.It further…