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.
Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.The exchange continues to branch out and serve different segments within crypto, and offers a perpetual futures platform, a prime brokerage, a spot retail trading platform, institutional lending services and asset custody for clients in an…
Wall Street bankers are hammering away at some provisions of the new U.S. stablecoin law that was hailed by President Donald Trump and the crypto sector as a huge first step toward establishing a fully regulated U.S. industry, and the banks are joined by unusual bedfellows from the consumer-advocate world in sounding alarms.Hoping to revise and cut provisions that might threaten aspects of the current financial system, the American Bankers Association and other bank lobbying groups aligned in a letter this week with Americans for Financial Reform — usually a staunch opponent of Wall Street’s policy aims — and the…
Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases.He ended the day, however, by seemingly contradicting those remarks, saying his department is “committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.”The fresh buys would be in addition to tokens forfeited to the government, which will be the “foundation” of the reserve, Bessent said.U.S. President Donald Trump signed an…
One of the seven countries in this region of Asia has unveiled an impressive accomplishment and has joined global peers to offer the leading crypto asset in a regulated manner. While nearby nations are behind in terms of adoption, they are making steps in the right direction. Region-First In a news outlet for Kazakhstan and Central Asia, Fonte Capital, an investment manager based in Astana, the capital of the country, announced the launch of the Fonte Bitcoin Exchange Traded Fund OEIC (BETF), which will trade on the Astana International Exchange (AIX). Source: The Astana Times The fund will be priced…
Key takeaways: Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns. Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%. Double top signals and short-term pullbacks in BTC price give altcoins room to rally. Bitcoin (BTC) has pulled back sharply from its fresh all-time high of $123,400, dropping to $117,400 on Thursday. The correction took place as a hotter-than-expected US Producer Price Index (PPI) data surprised the market. Bitcoin four-hour chart. Source: Cointelegraph/TradingView The latest PPI print showed annual headline inflation at 3.3%, well above the 2.5% forecast and the 2.3% reading from…
The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities.In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019.“Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion,” said…
Block, Inc. (NYSE: XYZ) has unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software platform, marking a bold step toward decentralizing mining hardware, increasing operational efficiency, and boosting Bitcoin network resiliency. The announcement took place at Core Scientific’s facility in Dalton, GA, where Proto Rigs are already deployed as part of its mining fleet. This launch represents the first two end-to-end releases from Proto, Block’s suite of bitcoin mining products and services, following its initial chip sale to Core Scientific. Currently, bitcoin mining hardware faces significant inefficiencies. Most machines are…
Bitcoin hits $124K ATH as Trump’s pro-crypto reforms and Fed cut hopes drive investor demand. Trump opens 401(k)s to Bitcoin, boosting adoption from the $7.5T US retirement market. MAGACOIN FINANCE named top 2025 altcoin presale with $11.7M raised and DeFi-meme hybrid appeal. Bitcoin surged past $124,000 this week, driven by US policy shifts under President Donald Trump and optimism over a September Fed rate cut. At the same time, analysts are spotlighting MAGACOIN FINANCE as the best altcoin presale for building cycle-defining portfolios in 2025. Bitcoin hits record high above $124K Bitcoin reached $124,457 early Thursday before stabilizing near $121,500,…
Polygon’s POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets.POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows.A burst of selling sent the token down to $0.24, with trading volume spiking to 1.1 million units — more than triple its 24-hour average. The $0.26 mark has now emerged as a significant resistance zone after the high-volume rejection.The selloff came alongside a broader market decline triggered by a U.S. producer price index…
The trove stolen from decentralized lender Radiant Capital in October 2024 has nearly doubled in value as Ether climbed, blockchain data shows.Decentralized finance (DeFi) protocol Radiant Capital was hacked in mid-October 2024 when the crosschain lending protocol suffered a $58 million cybersecurity breach on BNB Chain and Arbitrum.Radiant Capital lost about $58 million in the breach. The attacker later swapped proceeds into Ether (ETH) and now holds 21,957 ETH worth about $103 million, according to Lookonchain, up from an estimated $58 million at the time of the exploit. Ether closed Oct. 15, 2024, above $2,300, and was trading above $4,700…