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.
This year, Texas’ legislature enacted a law to create a strategic Bitcoin reserve in the state, paving the way for potential inclusion of other cryptocurrencies. The original bill sponsor indicated that Ether might be the next reserve asset.In an interview with Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill approved by Governor Greg Abbott in June. While the bill permits Texas to maintain a “special fund outside the state treasury” for other cryptocurrencies, Bitcoin was the sole asset meeting the requirements at the time of passage.“I’m very curious about the speed…
In the world of cryptocurrency today, Bitcoin is anticipated to undergo increased volatility soon, as major financial institutions like Bank of America, Goldman Sachs, Deutsche Bank, and Citi are entering the stablecoin market. Additionally, the prediction platform Kalshi has raised $300 million for its global expansion.Bitcoin may face fluctuations due to Trump tariff concerns: ExecutiveSwan Bitcoin’s CEO, Cory Klippsten, indicated that Bitcoin’s price volatility could persist after the cryptocurrency experienced a brief drop to $102,000 on Friday, a reaction to US President Donald Trump’s announcement of a 100% tariff on Chinese imports.“If the broader risk-off sentiment continues, Bitcoin may fluctuate…
New financial products come with known risks, and blockchain-based investment funds are no exception. Assets in blockchain funds have nearly tripled within a year – growing from $11.1 billion to almost $30 billion. New players like VanEck, Fidelity, BNP Paribas, and Apollo have recently rolled out on-chain investment funds, with more on the horizon.Blockchain-oriented and digitally-native securities have the potential to become the next major investment trend, utilizing technology to create more affordable, quicker, and efficient financial products. However, as history indicates, investors must remain cautious and avert the same pitfalls that have characterized previous bubbles.The SPAC frenzy, the non-traded REITs…
The HBAR token of Hedera Hashgraph experienced significant institutional selling pressure during the 24-hour trading period concluding on October 10, with prices showing a volatile fluctuation of 6% between $0.21 and $0.22. Although HBAR initially demonstrated strength, reaching intraday highs close to $0.22, it sharply reversed in the last trading hour as institutional investors executed widespread selloffs, erasing earlier gains. Trading metrics highlighted remarkable activity amidst this selloff, with trading volumes surging to 262.49 million—nearly six times the session’s average of 47.32 million. Analysts pinpointed 3:00 PM on October 10 as a critical moment, witnessing the most intense liquidation. The…
According to an economist, Bitcoin’s price could rise by as much as 21% over the next week if historical trends for October continue.“Significant drops of over 5% in October are extremely uncommon. This has only occurred four times in the last decade,” economist Timothy Peterson stated in a recent X post.He noted that these instances were in October 2017, 2018, 2019, and 2021. Following each drop, Bitcoin (BTC) saw rebounds of 16% in 2017, 4% in 2018, and 21% in 2019. The exception was 2021, where the cryptocurrency faced an additional decline of 3%.October is often referred to as “Uptober”…
Essential Insights:The correlation between Bitcoin and Nvidia has risen to 0.75, the highest level in a year.Analysts warn that this correlation could lead to a potential BTC price drop of up to 80%.Bitcoin (BTC) and Nvidia stock (NVDA) are now more closely aligned than ever over the past year, causing concern among market analysts about a potential crash akin to the late 1990s dot-com bubble.Risky AI Partnerships May Threaten Crypto StabilityAs of Friday, BTC’s 52-week correlation with the leading semiconductor manufacturer has increased to 0.75, coinciding with a week where both Nvidia and Bitcoin reached record valuations.Nvidia’s share price has…
An economist suggests Bitcoin’s price could potentially recover by up to 21% in the next seven days if historical trends for October hold true.“Drops of over 5% in October are incredibly uncommon. This has only happened 4 times in the past decade,” economist Timothy Peterson noted in a post on X on Friday.He identified those occurrences in October 2017, 2018, 2019, and 2021. In the week following each decline, Bitcoin (BTC) rebounded by 16% in 2017, 4% in 2018, and 21% in 2019. The sole exception was in 2021, when the cryptocurrency fell an additional 3%. October is often referred…
Hackers made attempts to breach the account of Binance co-founder Changpeng “CZ” Zhao, indicating possible assaults from state-sponsored hacker groups, like the North Korean Lazarus Group.A Google alert shared by CZ indicated that “government-backed attackers” were trying to access Zhao’s Google password, which he suggested might be linked to another effort by North Korea’s Lazarus Group.“I receive this Google warning sporadically. Does anyone have insights on this? North Korea Lazarus? Not like there’s anything crucial in my account,” Zhao remarked in a Friday X post.The notorious North Korean Lazarus Group is a primary suspect behind some of the most catastrophic…
Paul Atkins aims to solidify his vision for the cryptocurrency markets before political dynamics in Washington change again. As the newly appointed chair of the US Securities and Exchange Commission, he is swiftly working to “future-proof” SEC policies, a move that could shape the extent of freedom the crypto industry experiences after President Donald Trump exits office.During a Managed Funds Association conference in New York on Tuesday, Atkins stated that the SEC plans to quickly adopt rules that could “future-proof” his agenda. He specifically mentioned the potential removal or adjustment of regulations affecting both public and private markets, which could…
This week, a significant decline in crypto market activity has led to several assets falling, while others have remained relatively stable amid diminishing momentum.As sentiment shifts to a more cautious outlook, large investors, often referred to as crypto whales, are strategically accumulating assets that appear to offer a buying opportunity during their dips.Sponsored World Liberty Financial (WLFI)WLFI, associated with Donald Trump, has become one of the notable tokens attracting the attention of whales this week. The altcoin has experienced a 12% decline over the past seven days, which some whales interpret as a buy signal.Nansen data indicates that large investors…