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.
Last week, Bitcoin exchange-traded products (ETFs) in the United States faced a significant downturn, experiencing $1.2 billion in net outflows.Data from SoSoValue indicates that this marked their second-largest weekly decline since their inception in January 2024.This decline interrupted a two-week period of inflows exceeding $5 billion, which many viewed as a sign of growing institutional confidence.US Bitcoin ETFs Weekly Flows Since Launch in 2024. (Source: SoSoValue)According to SoSoValue, nearly every major issuer saw capital withdrawals. BlackRock’s IBIT reported a $276 million outflow, while Fidelity’s FBTC experienced a $169 million decline.Other prominent issuers, such as ARK Invest’s ARKB and Bitwise’s BITB,…
Highlights:Bitcoin and several major altcoins have rebounded from their support levels, signaling robust demand at lower prices.Buyers may struggle to maintain the upward momentum, as sellers are likely to capitalize on price increases.Bitcoin (BTC) surged strongly on Monday, surpassing $111,000. Traders’ optimism grew after US President Donald Trump confirmed a meeting with Chinese President Xi Jinping on October 31, raising hopes for a potential trade agreement between the two nations.Despite the recent pullback, many institutional investors remain optimistic about BTC. A survey conducted by Coinbase involving 124 institutional investors revealed that 67% hold a positive outlook on BTC for the…
Key points: Bitcoin and most major altcoins have bounced off their support levels, demonstrating strong demand at lower prices. Buyers might struggle to maintain the recovery as sellers are likely to capitalize on any rallies. Bitcoin (BTC) made a significant gain on Monday, surpassing $111,000. Traders became optimistic after US President Donald Trump confirmed a meeting with Chinese President Xi Jinping on Oct. 31, fueling hopes for a potential trade agreement between the two nations. Despite the recent decline, many institutional investors remain bullish on BTC. According to a survey conducted by Coinbase, 67% of 124 institutional investors expressed a…
Key points:Bitcoin and most major altcoins have risen from their support levels, indicating strong demand at lower prices.Buyers may struggle to maintain the upward momentum, as sellers are likely to capitalize on any rallies.Bitcoin (BTC) made a significant recovery on Monday, surpassing $111,000. Traders became optimistic after US President Donald Trump announced a summit with Chinese President Xi Jinping on Oct. 31, raising hopes for a potential trade agreement between the US and China.Despite the recent dip, many institutional investors remain bullish on BTC. A survey conducted by Coinbase among 124 investors revealed that 67% were optimistic about BTC over…
Bitcoin Magazine 21bitcoin Unveils Europe’s First Pilot Bitcoin-Backed Lending Initiative The Austrian platform 21bitcoin has collaborated with VR Bank Bayern Mitte eG and Sopra Financial Technology GmbH to initiate a groundbreaking European pilot project aimed at developing an institutional-grade Bitcoin-backed credit product. The initiative seeks to empower banks and financial service providers to offer regulated lending options backed by Bitcoin. By developing a fully compliant ‘white-label product,’ the consortium is positioning Bitcoin as a legitimate, regulated asset class within the European financial landscape, as noted in a release shared with Bitcoin Magazine. “Our objective is to make Bitcoin accessible and…
Bolivian President-elect Rodrigo Paz aims to combat corruption within his government by leveraging blockchain technology.The Associated Press reported on Monday that Paz emerged victorious over rival Jorge Quiroga with 54.5% to 45.5%, and he will assume office on November 8. Winning the runoff election with a centrist, pro-market approach, Paz inherits a struggling economy impacted by fuel shortages and a tight supply of US dollars, according to the AP.Rodrigo Paz secured a win in Bolivia’s presidential run-off election on Sunday. Source: APFor those observing the cryptocurrency landscape, Paz’s governmental agenda includes two specific proposals concerning digital assets and blockchain.Blockchain as…
Main Points:Dogecoin (DOGE) surged by 2.5% to $0.20, sparked by Elon Musk’s recent post on X, showcasing the popular memecoin mascot, Shiba Inu. In reaction, DOGE’s price escalated by 29%.DOGE/USDT daily price chart. Source: TradingViewThis increase continues DOGE’s remarkable recovery from a recent low of $0.13, its lowest mark since April, amounting to a 55% rebound in just two weeks.Source: XMusk’s tweets have been significant in sparking DOGE’s explosive rise in 2021, pushing prices from just cents to nearly $0.73. With improving sentiment and multiple bullish technical indicators, the leading memecoin looks set to continue its recovery throughout October.DOGE’s A&E…
Evernorth is set to raise over $1 billion to establish what may become the largest institutional XRP treasury. The company has entered into a merger agreement with Armada Acquisition Corp II and intends to list its ticker, XRPN, on Nasdaq.The majority of the funds will be allocated to open-market XRP purchases, while the remaining will be used for working capital and corporate expenses.Sponsored What Is Evernorth?The initiative seeks to establish a transparent, actively managed XRP treasury that offers institutional investors liquid exposure and yield opportunities across both traditional and decentralized finance. The deal is anticipated to close in Q1 2026,…
The landscape of crypto investments in the UK has advanced significantly, granting British investors access to Bitcoin through regulated channels. Summary BlackRock has introduced its iShares Bitcoin ETP on the London Stock Exchange, trading under the ticker IB1T. The FCA has recently lifted its ban on crypto ETNs and expedited the licensing process for digital-asset companies. This launch broadens BlackRock’s global crypto presence and marks a shift in the UK’s approach to regulated Bitcoin access. As reported by CoinDesk on October 20, BlackRock has launched its iShares Bitcoin Exchange-Traded Product on the London Stock Exchange with the ticker IB1T. This…
Anatoly Yakovenko, co-founder and CEO of Solana Labs, has joined the ranks of crypto founders launching decentralized exchanges (DEXs), following the successes of Hyperliquid and Astar.This Monday, Yakovenko shared plans for a new sharded perpetual exchange protocol on the Solana blockchain, referred to as Percolator.A perpetual exchange is a decentralized trading protocol specifically for perpetual futures contracts, enabling traders to speculate on cryptocurrency prices without an expiration date.Percolator will include two primary on-chain programs: the Router program, which manages collateral, portfolio margins, and cross-slab routing, and the Slab program, a perpetuals engine operated by liquidity providers with “fully self-contained” matching…