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.
A proposed bill aimed at creating a Bitcoin strategic reserve for Massachusetts garnered a lukewarm reaction following its initial legislative consideration in eight months.During a Tuesday session of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified about the bill he initiated, titled “an Act relative to a Bitcoin strategic reserve.” The senator mainly discussed the bill’s logistical aspects, which include allowing the state treasury to invest up to 10% of the Commonwealth Stabilization Fund in cryptocurrencies and permitting any Bitcoin (BTC) or digital assets seized by state authorities to be included in the reserve.“This creates a…
Today, retail Bitcoin traders made their presence felt, leading to $700 million in crypto liquidations. The price of BTC dropped by approximately $4,000 amidst a surge in on-chain activity, despite institutional purchases continuing unabated. Regardless of whether BTC continues to decline or rebounds shortly, it’s crucial to monitor these dynamics. While corporate liquidity significantly impacts the market, it isn’t the sole determinant of price. Bitcoin Triggers Unexpected LiquidationsThis week, Bitcoin’s achievement of two consecutive all-time highs caused some concern within the community, occurring despite minimal retail engagement and driven primarily by institutional investors. SponsoredSponsoredImportantly, these corporations continued to make substantial…
A bill aimed at creating a Bitcoin strategic reserve for the state of Massachusetts received a lukewarm reception following its initial legislative review in eight months.During a hearing on Tuesday with the Joint Committee on Revenue of the Massachusetts legislature, state Senator Peter Durant testified in support of the bill he introduced, entitled “an Act relative to a Bitcoin strategic reserve.” The senator covered mainly the logistical aspects of the bill, which includes provisions for the state treasury to allocate up to 10% of the Commonwealth Stabilization Fund for crypto investments and permits the inclusion of any Bitcoin (BTC) or…
As the United States and other nations consider the possibility of establishing national cryptocurrency reserves, new findings from Chainalysis indicate that governments may already have access to tens of billions of dollars in recoverable onchain assets — a situation that could influence those reserve discussions.In a report released on Thursday, Chainalysis assessed that cryptocurrency balances associated with illegal activities surpass $75 billion. This figure comprises approximately $15 billion directly held by illicit actors and over $60 billion in wallets connected to those entities.The blockchain analytics firm reported that darknet market operators and vendors possess over $40 billion in crypto assets…
As the United States and various nations contemplate the establishment of national cryptocurrency reserves, fresh research from Chainalysis indicates that governments might already have access to tens of billions in recoverable onchain assets—an advancement that could intersect with reserve discussions.In a report released on Thursday, Chainalysis projected that crypto balances tied to illicit activities surpass $75 billion. This total encompasses approximately $15 billion directly held by illicit entities and over $60 billion in wallets connected to those entities.The blockchain analytics firm noted that operators and vendors of darknet markets control more than $40 billion in cryptocurrency assets.About 75% of the…
Crypto analyst PlanB has shared insights on why the price of Bitcoin may not fall below $100,000 again. This speculation arises as market observers wonder if the premier cryptocurrency could dip below this critical threshold during a potential bear market. Bitcoin Price Likely Establishing $100,000 as Support In an X post, PlanB mentioned he wouldn’t be surprised if Bitcoin’s price stays above $100,000, as the market is witnessing the former resistance of $100,000 turning into support. He emphasized that September marked the fifth consecutive month closing above this psychological milestone. Related Reading PlanB highlighted a similar phenomenon at previous price…
What is TDOG, and how does it work? 21Shares’ Dogecoin exchange-traded fund (ETF), TDOG, has recently been listed on the DTCC’s Active and Pre-Launch list under the ticker TDOG. This listing facilitates connections between brokers and clearing institutions in anticipation of potential trading, although it does not signify regulatory approval. The TDOG/21Shares Dogecoin (DOGE) trust is designed to be physically backed (holding Dogecoin directly) and aims to issue shares that track DOGE’s price (less fees). The fund determines its daily net asset value (NAV) using a multi-exchange Dogecoin price index. It also publishes an intraday indicative value approximately every 15…
What is TDOG, and how does it work? 21Shares’ Dogecoin exchange-traded fund (ETF), TDOG, has recently made its appearance on the DTCC’s Active and Pre-Launch list under the ticker TDOG. This listing connects brokers and clearing institutions in anticipation of potential trading, although it does not signify regulatory approval. The proposed TDOG/21Shares Dogecoin (DOGE) trust aims to be physically backed (i.e., holding Dogecoin directly) and to issue shares meant to track DOGE’s price (minus fees). The fund determines its daily net asset value (NAV) using a multi-exchange Dogecoin price index. During market hours, it also publishes an intraday indicative value…
Precious metals are experiencing a surge due to the devaluation of the US dollar, with gold reaching $4,000 per ounce and silver climbing to a 45-year high of over $50 per ounce. However, this rally may be losing momentum, leading investors to consider alternative stores of value like Bitcoin (BTC) and tokenized real-world assets.Gold’s increase of over 50% this year, combined with Goldman Sachs’ prediction of $4,900 per ounce by the end of 2026, indicates that the metal may be “overheated,” according to Nic Puckrin, founder of the Coin Bureau education company. He stated:“With a more than 50% rise in…
Key takeaways:Bitcoin has maintained a range between $120,000 and $125,000 following an 8% leverage adjustment in futures.Growing spot demand alongside decreased open interest indicates a resurgence of buyer confidence.The MVRV ratio suggests a possible 15% to 25% rise, aiming for $140,000 to $150,000 by Q4’s end.Bitcoin (BTC) continued to trade within the $120,000 to $125,000 range after an orderly reduction in leverage across futures markets, implying $120,000 may serve as a significant demand zone for short-term traders.Market analyst Skew noted that Bitcoin’s recent bounce from the $120,000 level highlighted buying activity at that price. Spot market data from Binance revealed…