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.
Following President Donald Trump’s tariff announcement on China, more than $1.75 billion in new USDT and USDC entered circulation, contributing to the recent market crash.On October 11, blockchain analytics firm Lookonchain reported that Tether, the leading stablecoin issuer, minted approximately $1 billion worth of USDT on Ethereum.Sponsored SponsoredNew Stablecoin Mints Indicate Investors Capitalizing on the Crypto DipCrypto analyst JA Maartun, referencing CryptoQuant data, noted that Tether minted $775.8 million on October 10 and an additional $771 million on October 11. This surge marks one of the largest short-term issuances this year.Tether’s USDT Stablecoin Mints on Ethereum. Source: Maarturn/XWith this increase,…
There are times when the fervently optimistic crypto traders face the harsh reality of the markets. October 10, 2025, marked one of those sobering moments—a day when leverage faced severe repercussions, liquidity disappeared, and even experienced traders found themselves looking at red screens as billions were lost from the crypto market.Examining the crypto market collapseThe catalyst for this chaos was a toxic blend of macroeconomic factors: trade disputes and tariff reports incited a risk-off reaction. Within just one hour, Bitcoin dropped approximately 13%, with altcoins suffering even steeper declines. Some coins, like ATOM, briefly fell to nearly zero on less…
Paolo Ardoino, CEO of Tether, stated in a post on X on Sunday that “Bitcoin and Gold will outlast any other currency.” This succinct statement reflects the way the stablecoin issuer has managed its reserves over the last two years.On May 17, 2023, Tether announced it would regularly allocate up to 15% of its net operating profits for bitcoin purchases to bolster its reserves, adding BTC to its surplus rather than directly backing USDT. The company presented this strategy as a means of enhancing its long-term financial stability.Bitcoin and Gold as Complementary AssetsGold complements bitcoin in this strategy.Tether offers tether…
The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue, not because of the underlying collateral, the Ethena protocol, or the token itself, according to Guy Young, founder of Ethena Labs, which created USDe.USDe minting and redeeming operated “perfectly” during the flash crash on Friday, Young claimed; $2 billion in USDe was redeemed within 24 hours across crypto exchanges like Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, he noted.The price of USDe dropped from around $1 to $0.65 on Binance during the crash because the exchange…
Trade tensions between the US and China seem to be easing, as officials from both countries released statements on Sunday expressing a readiness to rekindle trade negotiations, sparking optimism among analysts for a market recovery.In a translated statement, China’s Ministry of Commerce declared its intent to “enhance dialogue” with other nations concerning trade and the recent rare earth mineral export controls that heightened tensions with the US.The representatives further indicated that China would “seriously evaluate” aspects of the rare earth export policy to promote trade and reinforce supply chains, including “license exemptions.” On the same day, US President Trump released…
Trade tensions between the US and China seem to be easing, as representatives from both governments made statements on Sunday indicating a readiness to resume trade discussions, raising analysts’ hopes for a market recovery.In a translated statement, China’s Ministry of Commerce expressed its “willingness to enhance dialogue” with other nations on trade and the recently announced rare earth mineral export controls that escalated tensions with the US.The spokespersons also indicated that China would “actively consider” aspects of the rare earth export policy to facilitate trade and fortify supply chains, including provisions for “license exemptions.” On the same day, US President…
As $1 billion in redemptions flowed through the market, Ethena Labs maintains that its synthetic dollar, USDe, functioned as intended, blaming the meltdown on Binance’s own pricing systems.This weekend’s market drama impacted all sectors of crypto, with stablecoins also affected by a reported glitch at the largest exchange globally.Sponsored Ethena Defends Against $1 Billion Binance MeltdownIn a comprehensive post on X (Twitter), Ethena founder Guy Young rebutted claims of USDe depegging, asserting that the protocol’s minting, redemption, and collateral mechanisms functioned normally throughout the market turmoil. “Ethena’s mint and redeem function experienced zero downtime… [the protocol processed] more than $1…
It seems that trade tensions between the US and China are starting to ease, as officials from both nations made statements on Sunday indicating a readiness to restart trade discussions, sparking optimism among analysts for a market recovery.In a translated statement, China’s Ministry of Commerce expressed its willingness to “enhance dialogue” with other nations regarding trade and the recently implemented rare earth mineral export controls that have heightened tensions with the US.The spokespersons further mentioned that China is willing to “actively consider” adjustments to the rare earth export policy to promote trade and bolster supply chains, including possible “license exemptions.”…
The recent fall in the cryptocurrency market caught investors by surprise globally, yet one analyst anticipated it well in advance. Bitcoin dived from over $125,000 to briefly below $102,000, while Ethereum fell below $3,800, just as noted by well-known market commentator Ash Crypto earlier this month. In his post on X dated October 1, he forewarned of a rapid correction aimed at liquidating all bullish positions before a significant rebound in Q4. With the dip unfolding precisely as he predicted, Ash Crypto now suggests a strong recovery phase in the upcoming weeks. Related Reading The Crash Prediction That Shook ‘Uptober’…
According to Guy Young, founder of Ethena Labs, the depegging of the USDe synthetic dollar on the Binance crypto exchange was due to an internal oracle issue, rather than problems with the underlying collateral, the Ethena protocol, or the token itself.Young stated that USDe minting and redeeming functions operated “perfectly” during Friday’s flash crash; a total of $2 billion in USDe was redeemed within 24 hours across crypto exchanges like Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, he claimed.During the crash, the price of USDe plummeted from about $1 to $0.65 on…