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 Guy Young, the founder of Ethena Labs, the USDe synthetic dollar’s depegging on the Binance crypto exchange was due to an internal oracle issue rather than the underlying collateral, Ethena protocol, or the token itself.Young stated that USDe minting and redeeming functioned “perfectly” during Friday’s flash crash; $2 billion in USDe was redeemed across various crypto exchanges, including Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, as reported by Young said.The price of USDe dropped from approximately $1 to $0.65 on Binance during the crash because the exchange utilized oracle data…
Highlights:Bitcoin market analysis indicates a movement towards $114,000 as the weekly close approaches.Traders are optimistic about a BTC price recovery for the upcoming week.The Bitcoin bullish trend may continue despite the $19 billion liquidation spike.Bitcoin (BTC) hovered around $112,000 into Sunday’s weekly candle close as traders anticipated a potential BTC price rebound.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin liquidation “fishing” approaching weekly closeData from Cointelegraph Markets Pro and TradingView showed a decrease in volatility following a $19 billion crypto liquidation event.BTC/USD did not stage a significant recovery, but market participants believe that next week may yield better results.“I can see a scenario…
Sure! Here’s the rewritten content while keeping the HTML tags intact: The Pentagon typically does not engage in commodity speculation, but when national security is involved, expect a shift in the usual rules. According to the Financial Times, the U.S. Defense Department has initiated a $1 billion effort to stockpile vital minerals such as rare earths.This initiative encompasses a range of materials, including rare earth elements and other strategic metals necessary for electric vehicles, fighter jets, and semiconductors. The objective? To enhance domestic resilience and reduce reliance on a Chinese supply chain that has proven unreliable.The plan to obtain up…
According to Guy Young, founder of Ethena Labs, the USDe synthetic dollar’s depegging on the Binance crypto exchange was due to an internal oracle issue, not the collateral, the Ethena protocol, or the token itself.Young stated that USDe minting and redeeming functioned “perfectly” during Friday’s flash crash, with $2 billion in USDe redeemed across crypto exchanges like Curve, Fluid, and Uniswap within 24 hours, showing minimal price deviations of 30 basis points (BPS) or less, he reported.During the crash, the price of USDe dropped from around $1 to $0.65 on Binance because the exchange utilized oracle data from its own…
The recent market crash caused by renewed US–China tariff tensions resulted in a significant drop for most altcoins. However, Pi Coin (PI) managed to withstand the downturn better than anticipated. Although it lost nearly 23% in the past week—partially during the crash—it maintained support above $0.15, showcasing resilience when most tokens fell further.Since October 7, Pi has been on a steady upward trend, now trading close to $0.20, suggesting that buyer confidence might be gradually returning. A detailed examination of both the chart and on-chain behavior indicates that Pi could be preparing for a rebound if selling pressure continues to…
Key points: Bitcoin market analysis indicates a potential rise to $114,000 by the weekly close. Traders are optimistic about a BTC price recovery next week. The uptrend in Bitcoin’s bull market may persist despite the $19 billion liquidation event. Bitcoin (BTC) hovered around $112,000 as Sunday’s weekly candle approached, with traders expressing hopes for a price recovery. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin liquidation “fishing” expected by weekly close Data from Cointelegraph Markets Pro and TradingView indicated that volatility eased following a dramatic $19 billion liquidation in the crypto market. BTC/USD did not show significant recovery; however, traders anticipated better…
Main Highlights:Bitcoin market analysis suggests a potential rise to $114,000 as the weekly close approaches.Traders are optimistic about a BTC price recovery next week.Despite the $19 billion liquidation event, the Bitcoin bull market trend is expected to remain strong.Bitcoin (BTC) hovered around $112,000 as Sunday’s weekly candle close approached, with traders looking forward to a potential price rebound.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUpcoming Bitcoin Liquidation “Fishing” Before Weekly CloseInformation from Cointelegraph Markets Pro and TradingView indicated a reduction in volatility following the $19 billion crypto liquidation incident.While BTC/USD didn’t show a significant recovery, market observers believe the upcoming week will bring…
BNB’s impressive climb to a new all-time high exceeding $1,300 is not an “unexpected rise or rare peak”; it highlights the network’s credibility, according to David Namdar, CEO of Nasdaq-listed CEA Industries, which has also established the world’s largest BNB Treasury.In a recent discussion with Cointelegraph, Namdar described BNB (BNB) as “the most overlooked blue-chip in the market,” asserting that the recent rally showcases years of underappreciated fundamentals finally coming to light.“The market is recognizing the credibility, scale, and utility of the BNB ecosystem,” he noted, highlighting the chain’s increased throughput, user activity, and consistent traction in DeFi and gaming.Data…
Key takeawaysVarious altcoins, such as Cosmos’s ATOM token, briefly plummeted to near zero on Binance during the recent cryptocurrency market crash on Friday.These altcoins retained actual market value on other centralized crypto exchanges.On Oct. 10, the cryptocurrency experienced its most significant decline since the FTX collapse, resulting in a total market capitalization drop of roughly $850 billion in just a few hours.Bitcoin (BTC) dropped around 10–15%, sinking from highs of approximately $124,000 down to lows of $105,000. However, altcoins suffered substantially more, particularly those listed on Binance, with many plummeting 99.99-100% in a matter of minutes.This included tokens like Cosmos…
Perspective by: Hedy Wang, co-founder and CEO at Block StreetEquity markets continue to operate on outdated systems — relying on batch files, email reconciliations, and slow collateral transfers that navigate cumbersome workflows between custodians without clear control.For the industry to uphold its credibility, this situation is untenable. The solution is not another minor fix or niche option, but rather a transition to onchain equity lending. Real-time settlements, programmable collateral, and transparent rule enforcement will set the standard that others must aspire to.Equities rely on aspects like certainty and speed, yet the current systems hinder timely settlements, delay recalls, and complicate…