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.
Key takeaways:XRP price fell by 8.75% on Friday despite Ripple’s $1 billion acquisition plans.A decline towards the $2 support level may occur in the coming days, as bulls hope for a rebound.Ripple is said to be aiming to raise $1 billion to purchase XRP (XRP) for its digital asset treasury. This could position it as the largest corporate holder of this top-five cryptocurrency globally.Nevertheless, XRP bulls largely overlooked the news on Friday, with the price dropping 8.75% following the announcement on October 17, continuing its downward trend, as depicted below.XRP/USD four-hour price chart. Source: TradingViewCan XRP escape its ongoing downtrend…
OpenSea CEO Devin Finzer has dismissed assertions that the company is moving away from non-fungible tokens (NFTs), clarifying that the marketplace is instead “evolving” into a universal platform for trading all types of onchain assets. In a post on X this Friday, Finzer announced that OpenSea’s trading volume in October surpassed $2.6 billion, with over 90% derived from token trading, indicating the start of the platform’s shift to “trade everything.” “We’re creating the universal interface for the full onchain economy — tokens, collectibles, culture, both digital and physical,” Finzer told Cointelegraph. “Our aim is straightforward: if it exists onchain, you…
OpenSea’s CEO Devin Finzer has dismissed assertions that the company is moving away from non-fungible tokens (NFTs), clarifying that the marketplace is “evolving” into a comprehensive platform for trading all types of onchain assets.In a post on X this Friday, Finzer declared that OpenSea’s trading volume for October surpassed $2.6 billion, with over 90% attributed to token trading, marking the start of the platform’s shift towards “trading everything.”“We’re developing the universal interface for the entire onchain economy — tokens, collectibles, culture, both digital and physical,” Finzer told Cointelegraph. “The aim is straightforward: if it exists onchain, you should be able…
OpenSea’s CEO Devin Finzer has dismissed assertions that the company is steering away from non-fungible tokens (NFTs), emphasizing instead that the marketplace is “evolving” into a comprehensive platform for trading all types of onchain assets. In a post on X last Friday, Finzer shared that OpenSea’s trading volume in October surpassed $2.6 billion, with over 90% derived from token trading, marking the start of the platform’s shift to “trade everything.” “We’re creating a universal interface for the complete onchain economy — including tokens, collectibles, culture, and both digital and physical items,” Finzer explained to Cointelegraph. “The aim is clear: everything…
OpenSea, previously the largest marketplace for digital collectibles, is set to launch its own native token, SEA, by the first quarter of 2026.This move follows a spike in platform activity as OpenSea broadened its scope beyond NFTs to facilitate trading across all digital assets.Sponsored OpenSea Prepares for SEA Token LaunchOn October 17, OpenSea co-founder Devin Finzer announced that the upcoming token would be fundamental to the platform’s evolving identity. He noted that it embodies OpenSea’s vision for a more transparent and fluid on-chain economy. “Incorporating SEA into OpenSea will provide a chance to demonstrate our vision. It will highlight everything…
October appears to be on the brink of derailing Uptober, as cryptocurrency values dipped following a substantial multi-billion-dollar liquidation. Nevertheless, analysts suggest that consistent ETF demand could still facilitate a recovery. Summary October began robustly for Bitcoin, driven by ETF inflows and institutional interest that propelled crypto prices to new all-time highs, aligning with historical trends that designate the month as one of the most profitable for cryptocurrencies. This upward momentum was swiftly disrupted by a $19 billion liquidation event, exacerbated by thin order books and a crowded derivatives market. However, analysts believe that the seasonal rally still holds potential.…
Stellar Lumens (XLM) encountered significant institutional selling pressure from Oct. 16 to 17, dropping 6.25% from $0.32 to $0.30 within a 23-hour trading window.Trading volume soared to 89.11 million tokens, with peak liquidation occurring between 06:00 and 08:00 GMT on October 17. Analysts cited coordinated profit-taking by institutions rather than retail panic, as corporate treasury managers adjusted their positions at key resistance levels.In the last hour of trading, XLM exhibited typical institutional rebalancing behavior, fluctuating within a 1.99% range from $0.299 to $0.305 before closing at $0.303. This pattern mirrored algorithmic trading systems completing their execution cycles as institutional teams…
Gold-backed tokens reached a significant milestone this week, exceeding $1 billion in daily trading volume for the first time amid the yellow metal’s record-breaking surge.Since the onset of the shutdown on October 1, the trading volume of tokenized gold products has surpassed $10 billion, outpacing BlackRock’s iShares Gold Trust (IAU), the world’s second-largest gold ETF, according to a recent report by CEX.IO.Daily trading volume of tokenized gold products (CEX.IO/CoinGecko) During the same period, gold prices soared over 10% in October, exceeding $4,300 per ounce as the U.S.-China trade tensions, a federal government shutdown, and indicators of credit and liquidity stress…
Mt. Gox, the shuttered cryptocurrency exchange based in Tokyo, still possesses approximately 34,689 Bitcoin (BTC) as it approaches the repayment deadline on October 31.The exchange lost around 650,000 BTC due to undetected thefts from 2011 until it collapsed in 2014, while about 200,000 BTC was later discovered in an old wallet format. These coins formed the basis for repayments to creditors, managed by court-appointed trustee Nobuaki Kobayashi.In 2017 and 2018, Kobayashi earned the moniker “Tokyo Whale” for selling Mt. Gox Bitcoin to fund fiat repayments. In mid-2024, there was a notable increase in wallet activity with around 100,000 BTC being…
The Swiss Gambling Supervisory Authority (GESPA) has filed a complaint against FIFA’s NFT platform, FIFA Collect, claiming it operates as an unlicensed gambling entity.GESPA announced the complaint on Friday, asserting that the platform’s “competitions,” which include user rewards like airdrops and challenges, classify as gambling given the chance element in winning rewards. GESPA stated:“Participation in the competitions is only possible in exchange for a monetary stake, with monetary benefits to be won. Whether participants win a prize depends on random draws or similar procedures.Source: GESPAAccording to GESPA, the contested offers blend elements of lotteries and sports betting. The only two…