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.
Emerging DEX (decentralized exchange) and unintended competitor to Hyperliquid, Aster, is experiencing troubles with investors following the announcement from analytics platform DefiLlama to delist the platform’s perpetual trading volume data.In addition to related FUD (fear, uncertainty, and doubt), the consequences of the ASTER airdrop have worsened member sentiment.Sponsored Wash Trading Allegations Shake Aster, Leading to DefiLlama DelistingDefiLlama builder 0xngmi stated that the team’s investigation found Aster’s trading volumes closely resembling Binance perp volumes. The correlation, evident across pairs like XRPUSDT and ETHUSDT, raises concerns that much of Aster’s activity may be synthetic, potentially created by the exchange itself. “Aster fails…
In this week’s recap, the market momentum drove Bitcoin to achieve a new all-time high, exceeding $125,000, as institutional infrastructure continues to grow.
The financial services powerhouse Morgan Stanley has released guidelines for cryptocurrency allocations in multi-asset portfolios, advocating for a “conservative” strategy in a report from the Global Investment Committee (GIC) directed at investment advisors.Analysts at Morgan Stanley suggest a maximum allocation of 4% for cryptocurrencies in “Opportunistic Growth” portfolios, which are designed for higher risks and potential returns.For “Balanced Growth” portfolios that have a more moderate risk profile, a maximum allocation of 2% is recommended. In contrast, the report advises a 0% allocation for portfolios focused on wealth preservation and income. The authors noted:“While the emerging asset class has experienced outsized…
The decentralized finance (DeFi) analytics platform DefiLlama has decided to delist perpetual futures volume data for the Aster decentralized exchange (DEX) due to concerns regarding data integrity, as mentioned by 0xngmi, a pseudonymous co-founder of DefiLlama.According to 0xngmi, trading volume on Aster, linked to CZ, co-founder of the Binance crypto exchange, is now nearly identical to Binance Perp volumes. He stated that the correlation ratio between trading volumes of Binance and Aster is approximately 1. He further explained:“Aster doesn’t provide access to lower-level data, such as details on who is making and filling orders. Until we can obtain that data…
MYX Finance has experienced a significant drop in its market value, declining by nearly 67% over the past week.The ongoing sell-off of the altcoin demonstrates a growing disconnect from Bitcoin, which has climbed to new all-time highs. Investors seem increasingly uncertain about MYX’s chances for recovery amid this divergence.MYX Finance and Bitcoin DivergeThe Relative Strength Index (RSI) indicates a bearish shift for MYX Finance. Currently, the indicator sits below the neutral 50.0 mark, firmly within the bearish territory. This suggests that positive momentum has dissipated, leaving sellers in a dominant position. MYX’s failure to generate buying interest has intensified concerns…
Precious metals and Bitcoin (BTC) are reaching unprecedented heights, mirroring the surge in risk assets like stocks, as the US dollar (USD) is poised for its worst performance since 1973, indicating a “generational” macroeconomic transformation, according to analysts from The Kobeissi Letter. The S&P 500 stock index has climbed over 40% in the past six months, BTC reached a new all-time peak of over $125,000 on Saturday, and gold is also trading at record levels — $3,880 per ounce at this moment — approaching $4,000, the Kobeissi Letter reported. “The correlation coefficient between gold and the S&P 500 hit a…
The decentralized finance (DeFi) analytics platform DefiLlama is removing perpetual futures volume data for the Aster decentralized exchange (DEX) due to concerns over data integrity, as stated by 0xngmi, a pseudonymous co-founder of DefiLlama.Currently, trading volume on Aster, associated with CZ, co-founder of the Binance crypto exchange, is closely “mirroring Binance Perp volumes,” according to 0xngmi, who noted that the correlation ratio between Binance and Aster trading volumes is approximately 1. He continued:“Aster lacks the capability to provide lower-level data, such as details on who is making and filling orders, so until we can obtain that data to check for…
DefiLlama, a decentralized finance (DeFi) analytics platform, is removing perpetual futures volume data for the Aster decentralized exchange (DEX) due to concerns about data integrity, according to 0xngmi, a pseudonymous co-founder of DeFiLlama.The trading volume on Aster—which is associated with CZ, the co-founder of the Binance crypto exchange—is now “mirroring Binance Perp volumes almost exactly,” 0xngmi stated, noting that the correlation ratio between Binance and Aster trading volumes is around 1. He further commented:“Aster doesn’t provide access to lower-level data, such as details on who is placing and filling orders, so until we can obtain that data to verify the…
DefiLlama, a platform for decentralized finance (DeFi) analytics, is removing data on perpetual futures volume for the Aster decentralized exchange (DEX) due to concerns over data integrity, as noted by 0xngmi, a co-founder of DeFiLlama.Aster, associated with Binance co-founder CZ, is now “mirroring Binance Perp volumes almost exactly,” 0xngmi explained, mentioning a correlation ratio of about 1 between Binance and Aster trading volumes. He further stated:“Aster doesn’t allow access to lower-level data, such as details on who is making and filling orders, so until we can obtain that data to verify potential wash trading, Aster perpetual volumes will be removed.”Source:…
Whales are active once again, coinciding with one of the most significant weeks of ETF purchases for Bitcoin and Ethereum this year. Last week, both Spot Bitcoin and Ethereum ETFs experienced a return to inflows, and data indicates that several whale addresses are transferring their crypto holdings from exchanges into self-custody. On-chain tracker Lookonchain has reported that newly established wallets have withdrawn significant quantities of Bitcoin and Ethereum from major exchanges, demonstrating large-scale accumulation by crypto whales. Related Reading Significant Withdrawals From Crypto Exchanges Per data from SosoValue, Spot Bitcoin ETFs reached $3.24 billion in inflows in the past week,…