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.
The recent Bitcoin price surge seems to be losing steam after an extraordinary gaining streak, with prices currently testing crucial levels that could determine its next direction. Summary Bitcoin is trading around $122,000 after briefly dipping to about $120,600, indicating a slight cooldown after reaching new all-time highs. The rise that began in early October, dubbed “Uptober,” saw BTC soar past $126,000 before settling in a narrow range with reduced volumes. A double bottom formation and minimal profit-taking suggest that bullish momentum may persist if Bitcoin maintains support above $120,000. At the time of writing, Bitcoin is priced at approximately…
Bitwise, the asset manager, has established a 0.20% fee on its revised Solana ETF application based in the US, which now features staking. This move may indicate a competitive landscape among ETF issuers, according to ETF analyst Eric Balchunas.“We thought we’d see higher fees first; it would take competition to drive this low,” Balchunas stated in a post on X on Wednesday. “They likely assumed it would end up there anyway, so why not do it now?” he added, referring to the strategy as a “veteran Terrordome move right there.”On Wednesday, Bitwise updated its filing with the US Securities and…
Binance Japan has formed a capital and business agreement with PayPay, a mobile payment service run by the prominent Japanese investment firm, SoftBank Group.SoftBank’s PayPay has acquired a 40% equity stake in Binance Japan, making it an equity-method affiliate of PayPay as of September 2025, as the company announced on Thursday.Post-acquisition, PayPay and Binance Japan intend to introduce integrated services, allowing Binance clients to buy and sell cryptocurrencies via the cashless payment method PayPay Money.“As we continue to evolve from a cashless payment platform into a digital financial ecosystem, PayPay aims to provide new value to users while enhancing Japan’s…
Citi Ventures, the investment branch of Citigroup, has made a financial commitment to BVNK, a firm based in London that focuses on stablecoin infrastructure and developing global payment systems for digital assets.Although BVNK chose not to reveal the investment amount from Citi or its current valuation, co-founder Chris Harmse informed CNBC that the valuation now surpasses the $750 million noted in its previous funding round. The firm has already attracted prominent investors, including Coinbase and Tiger Global.“There’s a significant surge in demand for building on stablecoin infrastructure,” Harmse mentioned to CNBC.He pointed out that BVNK’s strongest growth is seen in…
The Ethereum Foundation is establishing privacy as a key element of its roadmap, broadening its research efforts into a dedicated group that focuses on private payments, proofs, identity, and enterprise applications.Since 2018, the Foundation has supported privacy research through its Privacy and Scaling Explorations (PSE) team, with initiatives like Semaphore for anonymous signaling, MACI for private voting, zkEmail and zkTLS, and the Anon Aadhaar project.These projects have become benchmarks for developers throughout the ecosystem, resulting in hundreds of forks and integrations.The newly formed “privacy cluster,” led by Igor Barinov, consolidates these experiments under one umbrella while introducing new efforts, as…
Bitwise, the asset manager, has decided to set a 0.20% fee on its revised US-based Solana ETF application, which now incorporates staking. This move might indicate increasing competition among ETF issuers, according to ETF analyst Eric Balchunas.“I anticipated higher fees initially; it requires a competitive landscape to reach this level,” Balchunas stated in a post on X on Wednesday. “They probably realized it would end up here eventually, so why not set it now? It’s a classic veteran move,” he added.Bitwise updated its filing with the US Securities and Exchange Commission on Wednesday, revising the proposed Solana (SOL) ETF to…
Almost the entirety of Bitcoin’s supply is currently profitable following a recent surge, but increasing leverage and “crowded call positioning” may indicate heightened short-term fragility, as highlighted by on-chain analytics.As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics firm Glassnode.“Building on the accumulation trend, Bitcoin’s rally to a new all-time high has returned nearly all circulating supply to profitability.”High profit levels often precede consolidation, and realized profits remain contained, “suggesting an orderly rotation instead of distribution pressure,” the analysts noted.This indicates that investors have been steadily realizing profits and reallocating their assets rather than engaging…
Bitwise, the asset manager, has introduced a 0.20% fee in its revised application for a US-based Solana ETF that now incorporates staking features. This move could indicate rising competition among ETF issuers, as suggested by ETF analyst Eric Balchunas.“We expected to see higher fees initially; a competitive environment is necessary to drive them this low,” Balchunas commented in an X post on Wednesday. “They probably anticipated it would settle there eventually, so they decided to act now,” he remarked, describing it as a “veteran Terrordome move.”On Wednesday, Bitwise revised its submission to the US Securities and Exchange Commission, updating the…
Uganda has initiated a central bank digital currency (CBDC) pilot as part of a wider tokenization strategy throughout the African nation, while neighboring Kenya is close to implementing a crypto regulation bill.The Global Settlement Network (GSN), a blockchain financial infrastructure firm, has collaborated with Ugandan developer Diacente Group to tokenize $5.5 billion in real-world assets, which also encompasses a CBDC pilot, as announced by the companies on Wednesday.This development follows the passing of Kenya’s virtual asset service providers (VASP) bill in parliament on Tuesday, which now awaits President William Ruto’s signature to become law.Kenya’s VASP bill passed through the country’s…
Uganda has initiated a pilot for a central bank digital currency (CBDC) as part of a larger tokenization strategy across the country, while neighboring Kenya is close to implementing a crypto regulation bill.The Global Settlement Network (GSN), a blockchain financial infrastructure company, has teamed up with Ugandan developer Diacente Group to tokenize $5.5 billion in real-world assets, which includes the CBDC pilot, as announced by the companies on Wednesday.This comes as Kenya’s virtual asset service providers (VASP) bill passed through parliament on Tuesday and now awaits the signature of President William Ruto to become law.Kenya’s VASP bill passed through the…