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.
Bitcoin and gold have outpaced all other significant asset classes this year, showcasing how uncertainty in the U.S. macroeconomic landscape is influencing investor decisions. Gold has jumped 48% year to date, nearing an unprecedented high around $4000. In contrast, Bitcoin has increased over 30% this year, surpassing a record of $126,000. Remarkably, this is the first instance where both assets claimed the top performance positions within a single calendar year. Bitcoin and Gold Price Performance (Source: Charlie Bilello) Both upward trends are driven by similar underlying factors: a quest for safety amidst deteriorating U.S. fiscal conditions and increasing expectations that…
Asset manager Canary Capital seems poised to receive approval for its Litecoin and HBAR exchange-traded funds (ETFs) after submitting crucial final details; however, their launch is unlikely during the current US government shutdown.Canary submitted amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, adding a fee of 0.95% along with the tickers LTCC and HBR.Bloomberg ETF analyst Eric Balchunas stated in a post on X that these additions usually represent the last updates before approval.He mentioned that with the US government shut down and the Securities and Exchange Commission largely inactive, the timeline for approval remains uncertain,…
Good Morning, Asia. Here’s what’s trending in the markets:Welcome to Asia Morning Briefing, a daily recap of major stories during U.S. hours along with market movements and insights. For an extensive overview of U.S. markets, check out CoinDesk’s Crypto Daybook Americas.A7A5’s participation at the recent Token2049 conference did not violate Singaporean law, despite its backing from a sanctioned Russian bank, underscoring the limitations of the city-state’s sanctions policies, which solely concern licensed financial institutions.The ruble-based stablecoin from A7A5 is supported by Russia’s state-owned Promsvyazbank (PSB), a body sanctioned by the Monetary Authority of Singapore (MAS), alongside financial regulators in the…
Canary Capital, an asset manager, seems poised to receive approval for its Litecoin and HBAR exchange-traded funds (ETFs) after submitting crucial final details. However, their launch is unlikely amid the ongoing US government shutdown.The firm submitted amendments for its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which introduced a fee of 0.95% and the tickers LTCC and HBR.Bloomberg ETF analyst Eric Balchunas noted in a post on X that these additions are often the final adjustments before approval.He mentioned that with the US government shut down and the Securities and Exchange Commission largely inactive, the timeline for approval…
The first week of October began on a positive note, with Bitcoin soaring to a new all-time high and creating an optimistic atmosphere in the market.As enthusiasm grows across the cryptocurrency space, traders and investors are turning their attention to altcoins that might benefit from the uplifted market sentiment. Here are three noteworthy made-in-USA cryptocurrencies that are positioned for substantial gains this week.Sponsored SponsoredALEO Aleo Network is a privacy-centric Layer-1 (L1) blockchain platform that enables developers to create scalable decentralized applications with enhanced privacy through zero-knowledge technology.Its native token, ALEO, is one to monitor this week as the project experiences…
KindlyMD, Inc. (NASDAQ: NAKA), which offers integrated healthcare services and functions as a Bitcoin treasury vehicle via its subsidiary Nakamoto Holdings, is entering into a partnership with Antalpha (NASDAQ: ANTA). Antalpha is a fintech company that focuses on financing, technology, and risk management solutions tailored for the digital asset sector. Central to this partnership is a non-binding letter of intent stating that Nakamoto intends to issue $250 million in five-year secured convertible notes to Antalpha. The aim of the convertible notes is to secure long-term financing while reducing dilution risk for shareholders in comparison to traditional convertible debt. Funds raised…
Asset manager Canary Capital seems poised for approval of its Litecoin and HBAR exchange-traded funds (ETFs) after submitting important final details, but their launch may be delayed due to the US government shutdown.Canary submitted amendments for its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, introducing a fee of 0.95% and tickers LTCC and HBR.Bloomberg ETF analyst Eric Balchunas noted in a post on X that these adjustments are “usually the final updates [before] go-time.”He emphasized that with the US government shutdown and the Securities and Exchange Commission largely inactive, the timeline for approval remains uncertain, yet the filings…
Strategy’s nearly $80 billion Bitcoin treasury is quickly approaching the substantial cash reserves of tech giants like Microsoft, which saw its shareholders decline a proposal in December to consider adding Bitcoin to its balance sheet.On Tuesday, Strategy posted on X that its stash of 640,031 Bitcoin (BTC) temporarily surged past $80 billion on Monday, as Bitcoin reached an all-time high of $126,080, elevating its corporate treasury near the levels of Amazon, Google, and Microsoft, each of which holds between $97 billion and $95 billion in cash or cash equivalents.Strategy’s consistent Bitcoin purchases, alongside the rise in Bitcoin’s value, have already…
CEA Industries (BNC) has announced that it now owns 480,000 BNB tokens, representing a 15% increase from its previous statement, as the price of the BNB Chain’s native token reaches a new all-time high.The firm invested about $412.8 million to acquire the extra BNB at an average price of $860 per token, according to a press release on Tuesday. BNB is currently trading at $1,303, slightly down from a peak achieved earlier in the day.Along with $77.5 million in cash, the company’s total treasury is now approaching the $700 million milestone.The rise in BNB’s price has been driven by increased…
Last week, U.S. spot Bitcoin ETFs saw over $3 billion in net inflows, catapulting BTC to a new all-time high and setting an optimistic tone for Uptober this year. Summary BTC ETFs experienced $3.24 billion in inflows in the last week. Leading the inflows was BlackRock’s IBIT, attracting over $1.8 billion. Bitcoin reached a new all-time high, surpassing $125k. Data from SoSoValue shows that the 12 U.S. spot Bitcoin ETFs pulled in $3.24 billion in net inflows last week, marking their second-largest weekly total ever, just behind the $3.38 billion peak from November last year. During the week of Sep.…