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.
XRP has been trading within a tight range of $2.78 to $2.85, concealing significant institutional selling and increasing leverage risks. Exchange reserves have surged to nine-month peaks with 440 million tokens distributed over the past 30 days, while futures open interest has risen close to $9 billion. Bulls are maintaining the $2.78 support level, yet distribution patterns are limiting upward momentum.News BackgroundIn the 24 hours leading to October 10, XRP showed limited movement, starting near $2.83 and ending at $2.82. The token saw a brief spike to $2.85 but faced rejection, with trading volumes surging past 123 million at 08:00…
Financial institutions are rapidly becoming aware of the “debasement trade,” according to experts, which could favor assets like gold and Bitcoin.Institutions now have a concept to hold onto called the “debasement trade,” which will serve as their protection, stated entrepreneur Anthony Pompliano during a podcast on Thursday. This aligns with what gold enthusiasts and Bitcoin advocates have been discussing for years, as institutions have finally recognized that “nobody is going to stop printing money,” he remarked.“It now seems there is no longer a debate about this. People understand the dollar and bonds will face significant challenges ahead, and thus Bitcoin and…
Ripple, a prominent blockchain firm and issuer of the XRP cryptocurrency, is broadening its activities in the Kingdom of Bahrain through a collaboration with a local fintech ecosystem developer.On Thursday, Ripple announced a strategic alliance with Bahrain Fintech Bay (BFB), a leading local fintech incubator that works closely with government partners, including the Central Bank of Bahrain (CBB).Through this partnership, Ripple and BFB will collaboratively advance Bahrain’s digital asset ecosystem, engaging in fintech pilot projects and testing solutions in areas such as cross-border payments, stablecoins, tokenization, and beyond.Reece Merrick, Ripple’s Middle East managing director, stated that the company aims to…
Financial research and analysis firm Fundstrat predicts that Ether is likely to “bottom out” in the next couple of days before climbing back, potentially reaching a height of $5,500.“I don’t view recent crypto weakness as significant, and I expect ETH to likely bottom out within the next 1-2 days before showing upward movement,” stated Mark Newton, Managing Director at Fundstrat Global Advisors.This commentary was shared by Tom Lee, chairman of Bitmine and adviser to Fundstrat, on Thursday. Newton also pointed out a “minor three-wave pullback,” which he believes will conclude over the weekend.He indicated that Ether (ETH) has already retraced…
Key takeaways:Robust ETF inflows and accumulation across all BTC investor categories indicate that the rally is just beginning.Spot Bitcoin ETFs experienced $2.2 billion in net inflows over a week — the second-highest ever recorded.A rare “cylinder” chart pattern indicates that $450,000-$500,000 could be achievable this cycle.Bitcoin (BTC) experienced significant volatility on Thursday as uncertainty surrounded the market ahead of US Federal Reserve Chair Jerome Powell’s address at the 2025 Community Banking Research Conference in Kansas City.Despite macro factors, however, onchain and technical indicators suggest that Bitcoin’s “supercycle” is just beginning, according to analysts.Spot Bitcoin ETF inflows present “durable tailwinds”Bitcoin has…
Peru’s banking authority has greenlit a pilot cryptocurrency platform, representing the nation’s inaugural regulated venture into digital assets. The initiative, named Cryptococos, will enable select clients of Banco de Crédito del Perú (BCP) to purchase and hold Bitcoin and USDC, safeguarded by BitGo.To join the pilot, users need to register, demonstrate a minimum banking history with BCP, and conduct an investment risk assessment prior to buying, as stated in Thursday’s announcement.Approved participants will gain the ability to buy and sell Bitcoin (BTC) and USDC (USDC) within a closed-loop ecosystem, ensuring all transactions are confined to the platform. This arrangement prevents…
The founder and CEO of messaging app Telegram, Pavel Durov, warns of an impending “dark, dystopian world” as governments around the globe retract privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to protect the free internet established for us by our fathers,” said Durov in a post on X this Thursday.“Once-free nations are enacting dystopian policies,” Durov stated, highlighting the European Union’s Chat Control proposal, the introduction of digital IDs in the UK, and new Australian rules mandating online age checks for social media access.“What was once the promise of the…
Pavel Durov, founder and CEO of the messaging app Telegram, cautions that a “dark, dystopian world” is on the horizon, as governments globally retract privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet created for us by our forebears,” stated Durov in a post on X this Thursday.“Once-free nations are implementing oppressive measures,” Durov noted, highlighting the European Union’s Chat Control proposal, digital IDs in the UK, and new regulations mandating online age verification for accessing social media in Australia.“What was once the promise of the free…
Afghanistan’s recent nationwide internet outage highlighted a significant vulnerability in the world’s top decentralized blockchains: their reliance on centralized internet providers that can be susceptible to government interference and technical issues.The nation experienced a near-total internet shutdown lasting approximately 48 hours, with connectivity restored on Oct. 1, as reported by Reuters reported. The outage was allegedly ordered by the Taliban administration, although officials later cited “technical issues” related to fiber optic cables.While blockchains aim to offer a public, censorship-resistant network for value transfers, their dependence on centralized internet providers makes these functions problematic during outages.“The Afghanistan blackout is not merely…
Update (Oct. 9, 12:30 pm UTC): This article has been revised to include further commentary from Maria Adamjee.Amina Bank, a Swiss crypto bank, has emerged as the first financial institution to provide staking services for POL, the native token of the Polygon network.Based in Zug and licensed by the Swiss Financial Market Supervisory Authority (FINMA), announced on Thursday that it will offer institutional clients up to 15% in staking rewards through a new partnership with the Polygon Foundation.“By expanding our POL services, we are providing institutional clients with regulated access to the blockchain, allowing them to earn rewards for enhancing…