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.
Opinion by: Tobin Kuo, founder and CEO of SeraphPlay-to-earn (P2E) had its moment, but that time has come and gone. The excitement stemmed from payouts rather than gameplay, resembling more of a job than a pastime.Admittedly, the experiments held value. They demonstrated that wallets can serve as game controllers, assets can be transferable, and communities can collaboratively own the experiences they cherish. However, it can’t be overlooked that subsidies skewed every design choice towards draining mechanics. It became all about extraction: recruit, inflate, cash out, and start anew.As audiences diminish and the faucet drips slower, motivations to continue playing dwindle.…
CoinDesk Indices provides its daily market update, showcasing the performance of both leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently valued at 3608.8, down 2.0% (-72.51) since 4 p.m. ET on Monday.None of the 20 assets are recording increases.Top performers: SOL (-0.9%) and UNI (-1.4%).Bottom performers: LINK (-3.5%) and XRP (-3.2%).The CoinDesk 20 is a comprehensive index traded across various platforms worldwide.
During the first half of this year, as President Donald Trump promoted cryptocurrency and shifted the U.S. government’s previously cautious stance, transaction volumes in the country surged by approximately 50%, surpassing $1 trillion, according to a report released by TRM Labs on Tuesday.This rapid growth can be attributed to several factors, including institutional investments in stablecoins, a move towards newly regulated products like exchange-traded funds (ETFs), and an overall increase in investor confidence as U.S. regulators and lawmakers began to set industry guidelines.When the Biden administration adopted a more distant approach to integrating crypto into the financial system, industry lobbyists…
The recent four-day drop of Bitcoin to $104,000 prompted analysts to identify what they refer to as a “defensive rotation” among crypto investors. However, onchain data indicates that this correction was a necessary adjustment rather than the onset of a more extensive market downfall.Bitcoin (BTC) experienced a four-day decline last week, plummeting from $115,000 on October 14 to a four-month low of $104,000 by Friday, a level not observed since June, TradingView data reveals.Despite the drop, analysts noted that the correction eliminated excess leverage and encouraged investors to shift focus from chasing profits to safeguarding their capital. In a report…
The cryptocurrency market faced significant selling pressure on Tuesday, with bitcoin BTC$108,222.79 and ether ETH$3,896.79 retreating from a more secure range into levels that may lead to a challenge of several months’ lows for the two largest cryptocurrencies by market capitalization.BTC is currently priced at $107,800 while ETH stands at $3,867, recovering from a weekend surge before retracting gains on Tuesday.Analysts are now evaluating whether the cryptocurrency market has formed a “lower high” pattern that suggests a continuing downturn. A key indication would be a fall in bitcoin below the Oct. 17 low of $103,700.Derivatives PositioningThe bitcoin futures market indicates…
BNB, the primary token of the BNB Chain used for Binance fee discounts, experienced a 3.3% decline over the last 24 hours, dropping from $1,117 to a low of $1,063 before stabilizing just under $1,080.This sell-off wiped out recent gains and broke through critical technical levels, as noted by CoinDesk Research’s technical analysis model. There was an 87% increase in trading volume above the 24-hour average during this downturn.The price movement came after a significant drop in bitcoin BTC$109,066.70 and other cryptocurrencies, reflecting a broader retreat in crypto markets as excessive leverage was cleared out. The overall market, as represented…
Leading US cryptocurrency exchange Coinbase has acquired Echo, a platform that enables communities to raise capital focused on early-stage projects and startups.Coinbase has completed a $375 million deal to acquire Echo, a crowdfunding platform founded by crypto trader Jordan Fish, also known as Cobie, as the company announced on Tuesday.This acquisition occurred the day after Coinbase transferred $25 million in USDC (USDC) to Cobie’s wallet to acquire and burn a non-fungible token (NFT) and reinstate his UpOnly podcast.“I never anticipated that Echo would be sold to Coinbase, but here we are: Today Coinbase purchased Echo for approximately $375 million,” Cobie…
Key takeaways:Decreasing spot purchases and rising outflows from spot Ethereum ETFs indicate weak demand, potentially leading to further losses for Ether.Ether’s bear flag suggests a 20% price decline to $3,100.Ether (ETH) dropped to $3,800 on Tuesday, unable to maintain the $4,000 level as spot Ethereum ETF investors continued their net withdrawals. This occurred as the technical setup indicated a more significant correction for ETH price.Ether price faces “strong resistance” at $4,000Ether’s 16% recovery from a low of $3,500 on October 11 was cut short by selling around the critical $4,000 psychological barrier.This indicates that “there is a strong resistance at…
The recent four-day decline of Bitcoin to $104,000 has led analysts to identify what they refer to as a “defensive rotation” among crypto investors. However, on-chain data indicates that this correction is more of a constructive reset rather than the onset of a wider market downturn.Last week, Bitcoin (BTC) suffered a four-day fall, plummeting from $115,000 last Tuesday to a four-month low of $104,000 by Friday, which corresponds to a level not seen since June, as per TradingView data.Despite this significant drop, experts noted that the correction helped eliminate excess leverage, leading investors to shift their focus from seeking profits…
SpaceX, the aerospace company owned by Elon Musk, has transferred $257 million in Bitcoin, marking its second significant transaction in three months and sparking speculation about a potential sale as the company grapples with financial and political challenges.The transfer occurred on Tuesday, signaling the company’s first movement of Bitcoin since July.In the transaction, the SpaceX wallet “1MDyM” sent $130 million worth of Bitcoin to the address “bc1qj,” while another wallet, “1AXeF,” transferred $127 million to “bc1qq,” according to data from blockchain analytics platform Nansen.Neither of the receiving addresses has moved or sold the Bitcoin, and SpaceX has yet to explain…