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.
According to BitMEX chair Tom Lee, Ethereum may eventually surpass Bitcoin’s market share, reminiscent of the way US equities overtook gold 54 years ago when the US left the gold standard.“Ethereum could flip Bitcoin in a manner similar to how Wall Street and equities flipped gold post-71,” Lee mentioned during an interview with ARK Invest CEO Cathie Wood on Thursday.Currently, Bitcoin’s (BTC) market capitalization is approximately 4.6 times greater than Ethereum’s, standing around $2.17 trillion compared to $476.33 billion, according to CoinMarketCap.Lee references the “Nixon Shock” to support Ethereum’s caseLee, who supervises BitMine’s Ethereum accumulation strategy, indicated that Ethereum might…
Highlights:Bitcoin plummets to its lowest levels since June as US banking issues resurface.Traders perceive $100,000 as potentially failing to hold as support.Gold retreats from recent all-time highs, with Peter Schiff claiming it will surpass Bitcoin to reach $1 million.Bitcoin (BTC) hit a 15-week low on Friday, influenced by renewed pressures from US banking troubles.BTC/USD four-hour chart. Source: Cointelegraph/TradingViewBitcoin faces risk of “dropping to $98,000” nextData from Cointelegraph Markets Pro and TradingView indicated Bitcoin declined below $106,000 for the first time since June.The crypto markets responded negatively to fears surrounding regional US banking stocks, echoing the events of March 2023 when…
Bitcoin’s value fell below $110,000 as increasing exchange-traded fund outflows and renewed selling pressure pushed the market further into correction territory. Summary Bitcoin declined beneath $110K as spot ETFs experienced $536M in outflows. Derivatives data reveal heightened caution, with volumes up by 40% but open interest remaining flat. Analysts caution that a drop toward $100K is possible if $108K support does not hold. On October 17, Bitcoin traded lower, dipping below the $110,000 threshold to hit $108,420 at press time, representing a 2.4% decrease over the past 24 hours. The cryptocurrency has fallen 10% in the past week and 7%…
Tether Holdings has recently immobilized $13.4 million in USDT across 22 wallet addresses on the Ethereum and Tron networks, as reported by MistTrack. Summary Tether has immobilized $13.4 million in USDT across 22 addresses on the Ethereum and Tron networks this month, continuing its trend of blocking suspicious assets as part of law enforcement and compliance measures. The action comes amidst increasing scrutiny of Tether’s practices, as Riverstone Consulting from Texas has filed a lawsuit against the company for allegedly unlawfully freezing $44.7 million. According to the on-chain tracking firm MistTrack, the stablecoin issuer has frozen 22 addresses across the…
The leading decentralized exchange, Uniswap, has introduced support for the Solana network in its web application, allowing users to connect their Solana wallets and trade Solana-based tokens alongside others from different networks.The company mentioned in a blog post that it is investigating bridging, cross-chain swaps, and complete Uniswap Wallet support for Solana.Transactions on Solana made through the web app will be processed via the Solana DEX aggregator Jupiter. Its pseudonymous co-founder, SIONG, indicated that Uniswap is the first major collaborator to leverage the Jupiter Ultra API for swaps.Source: Uniswap LabsThis partnership positions Uniswap ahead in the Solana DEX landscape, which…
Reports indicate that Ripple Labs is preparing to initiate a fundraising campaign aimed at acquiring $1 billion worth of its XRP token to maintain a digital asset treasury, as outlined by Bloomberg.The fundraising initiative is structured through a special purpose acquisition company (SPAC), Bloomberg reported on Friday, referencing anonymous sources familiar with the situation.The digital asset treasury (DAT) will comprise the newly acquired XRP (XRP), with Ripple contributing part of its existing holdings; however, the specific details of the transaction are still being discussed and may change before finalization, according to Bloomberg’s insiders.Source: Nate GeraciRipple Labs has yet to respond…
The decentralized exchange leader Uniswap has integrated support for the Solana network into its web application, allowing users to connect their Solana wallet and trade Solana-based tokens alongside assets from other networks.The company mentioned in a blog post that it is looking into bridging, cross-chain swaps, and full Uniswap Wallet support for Solana.Solana transactions processed through the web app will be routed via the Solana DEX aggregator Jupiter. Its pseudonymous co-founder SIONG noted that Uniswap is the first major collaborator to leverage the Jupiter Ultra API for swaps.Source: Uniswap LabsThis collaboration positions Uniswap at the forefront of the Solana DEX…
According to Bloomberg, Ripple Labs is said to be preparing a fundraising initiative to acquire $1 billion worth of its XRP token to maintain a digital asset treasury.This fundraising event is set to be conducted through a special purpose acquisition company (SPAC), Bloomberg reported on Friday, citing unnamed sources familiar with the situation.The digital asset treasury (DAT) will include the newly purchased XRP (XRP), alongside some of Ripple’s existing reserves, but the specifics of the transaction are still under discussion and may evolve prior to finalization, according to Bloomberg’s reports.Source: Nate GeraciRipple Labs did not provide an immediate comment in…
The market capitalization of gold hit a record $30 trillion on Thursday as the commodity soared to a new peak of $4,357 per ounce.This record market cap indicates that gold is now 14.5 times larger than Bitcoin’s market capitalization, which sits at approximately $2.1 trillion.Gold’s market cap is also 1.5 times greater than the combined market capitalization of the “Magnificent 7” largest tech companies—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla—whose total market cap is around $20 trillion.Unlike a company’s stock market cap, which depends on outstanding shares, gold’s market cap represents the total value of all gold ever mined;…
A Florida House Republican has introduced an updated bill that would enable the state to invest in digital assets, including Bitcoin and crypto ETFs, following the withdrawal of his initial effort by Florida’s operations subcommittee in June. The Florida House Bill 183 permits the state and specific public entities to invest up to 10% of their funds in digital assets, which encompass Bitcoin (BTC), crypto exchange-traded products, crypto securities, non-fungible tokens, and other blockchain-based assets, according to the newly introduced bill by Florida lawmaker Webster Barnaby on Wednesday. This revised crypto reserve bill resembles Webster’s earlier HB 487, which was…