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.
Update Oct. 8, 12:17 p.m. UTC: This article has been revised to incorporate statements from Nansen’s Nicolai Sondergaard and RedStone’s Marcin Kazmierczak.Update Oct. 8, 12:45 p.m. UTC: This article has been revised to include a remark from Falcon Finance’s Andrei Grachev.Ethereum experienced its highest validator exit ever this week, with over 2.4 million Ether valued at more than $10 billion waiting for withdrawal from its proof-of-stake network, but institutional players are largely offsetting this in the validator entry queue.On Wednesday, Ethereum’s exit queue exceeded 2.4 million Ether (ETH), worth over $10 billion. The increase in exits has pushed the validator…
After initially endorsing a crypto market structure bill, several Democratic Senators have introduced a counter-proposal that could place decentralized finance protocols on a “restricted list” if they are considered too risky.This development, among others, is believed to potentially “kill DeFi,” according to critics.The Senate Banking Committee Democrats submitted a proposal to the committee’s Republicans on Thursday, proposing the implementation of Know Your Customer rules for the frontends of crypto applications — including non-custodial wallets — and removing protections for crypto developers, as reported by several industry analysts, referencing a report from Punchbowl News.Among these analysts, crypto lawyer Jake Chervinsky stated…
Jack Dorsey, the founder of Square, a payments company, has called for a de minimis tax exemption on minor Bitcoin (BTC) transactions to enhance the cryptocurrency’s practicality for day-to-day payments.“Our goal is to make Bitcoin everyday money as soon as possible,” Dorsey stated on Wednesday, following Square’s implementation of Bitcoin payment features for merchants using the company’s checkout and point-of-sale systems.His remarks captured the attention of Wyoming Senator Cynthia Lummis, who proposed a de minimis tax provision as part of a separate crypto tax bill in July, which exempts BTC transactions that are $300 or less from capital gains tax,…
Key takeaways:Binance’s new “Meme Rush” launchpad aims for fair launches but has led to a sell-off as traders wait for fresh offerings.A single wallet held substantial token amounts, raising manipulation concerns and causing significant price drops.Low liquidity and exaggerated trading volumes intensified the memecoin sell-off within the BNB Chain ecosystem.Numerous BNB Chain memecoins saw declines exceeding 30% on Thursday following impressive gains earlier in the week. This sell-off coincided with BNB (BNB) experiencing its first-ever $100 single-day price decrease, dropping to $1,246 at the time of this report. Is this the conclusion of the BNB Chain memecoin craze — and…
Japan’s newly elected prime minister, Sanae Takaichi, might pave the way for more “refined” regulations to enhance the country’s cryptocurrency sector, positioning it as a potential global hub for crypto enterprises.Takaichi was elected head of the Liberal Democratic Party (LDP) on Saturday and is set to become Japan’s first female prime minister on Oct. 15.Experts indicate that her leadership could lead to a more open approach to technological experimentation, including blockchain innovation, while upholding Japan’s stringent regulatory standards.Takaichi’s election may significantly influence the perception and management of digital assets in the country, according to Elisenda Fabrega, general counsel at tokenization…
Jack Dorsey, the founder of Square, has called for a de minimis tax exemption on small Bitcoin (BTC) transactions to enhance the cryptocurrency’s practicality for daily transactions.“We aim for Bitcoin to become everyday money as soon as possible,” Dorsey stated on Wednesday, following Square’s integration of Bitcoin payment options for merchants using its checkout and point-of-sale systems.His remarks were noted by Wyoming Senator Cynthia Lummis, who proposed a de minimis tax element within a separate crypto tax bill in July, exempting BTC transactions of $300 or less from capital gains tax, with an annual exemption limit of $5,000.Source: Cynthia LummisAs…
Key takeaways:Binance’s new “Meme Rush” launchpad encourages fair launches but sparked a sell-off as traders await upcoming launches.A single wallet controlled significant token amounts, raising manipulation concerns and causing sharp price drops.Low liquidity and inflated trading volumes exacerbated the memecoin sell-off across the BNB Chain ecosystem.Many BNB Chain memecoins fell over 30% on Thursday following substantial gains earlier in the week. The sell-off coincided with BNB (BNB) experiencing its first-ever $100 drop in a single day, reaching $1,246 at the time of writing. Is this the end of the BNB Chain memecoin frenzy — and were there any warning signs…
On Wednesday, Bitcoin was trading just above $121,000, maintaining gains after a decline from a recent high of over $126,000. Analyst Egrag Crypto believes that a minor market shift could spark a much larger rally, following a pattern he claims has been evident in previous cycles. Related Reading Historic Channel Breakouts Egrag’s perspective is founded on a three-month analysis of price channels that he argues have preceded significant rallies. Reports indicate that similar channel breakouts were observed before the surge to around $1,163 in 2013, the climb past $19,000 in 2017, and the 2020–2021 rally that elevated prices above $69,000.…
Opinion by: Elisenda Fabrega, general counsel at BrickkenEurope’s regulatory framework was crafted for assets that are movable. However, a significant category of assets, such as non-listed company quotas and tailored revenue-sharing agreements, are designed to be non-transferable. The definitions under Markets in Crypto-Assets (MiCA) assume transferability, while MiFID II addresses transferable securities and still applies to their digital counterparts, leaving “digital but non-transferable” representations in a regulatory gray area.The EU Blockchain Sandbox presents a solution: recognizing that a true “digital twin” can maintain the legal status of the original non-transferable asset rather than being categorized as a new, transferable security…
Hedera Hashgraph’s native token HBAR has stagnated despite the recent market recovery, remaining mostly horizontal since September 22.Market indicators are now pointing to increasing bearish pressure, hinting that the token may breach its support level.Sponsored Sideways No More? HBAR Risks Cracking $0.2089 SupportCharts for HBAR/USD reveal that the altcoin has been moving sideways since September 22, encountering resistance around $0.2305 while finding support at $0.2089.As broader market sentiment shifts toward bearishness, technical indicators are increasingly suggesting a possible break below that support level soon. HBAR’s Relative Strength Index (RSI) is on the decline, currently standing at 43.06.For token TA and…