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.
Sam “SBF” Bankman-Fried, the founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, stated that his “greatest mistake” during the $8 billion collapse was relinquishing control of the company to new leadership — a choice he believes cost him a last-ditch chance to salvage the firm.Bankman-Fried, who once spearheaded the $32 billion FTX exchange, is currently serving a 25-year prison term for seven felony charges tied to the collapse of FTX and Alameda Research in November 2022, which led to an $8.9 billion loss of investor funds.Reflecting on the fall of FTX, Bankman-Fried identified his “greatest mistake” as transferring…
Bitcoin exchange-traded funds (ETFs) listed in the US have started October, a month historically known for its bullish trends, with their second-highest week of inflows recorded since inception, indicating a resurgence in investor confidence.For the past week, spot Bitcoin (BTC) ETFs experienced $3.24 billion in net positive inflows, closely approaching their peak of $3.38 billion during the week ending November 22, 2024, according to data from SoSoValue.This represents a significant recovery from the previous week’s outflows of $902 million. Analysts believe this shift is attributed to increasing anticipation of another US interest rate cut, which has positively impacted the outlook…
Bitcoin exchange-traded funds (ETFs) listed in the US started the historically bullish month of October with their second-highest week of inflows since inception, reflecting renewed investor confidence.Spot Bitcoin (BTC) ETFs saw a total of $3.24 billion in cumulative net positive inflows over the past week, nearly reaching their record of $3.38 billion from the week ending Nov. 22, 2024, according to SoSoValue data.This figure indicates a significant recovery from the previous week’s $902 million in outflows. Analysts have pointed to rising expectations of another US interest rate cut, which has improved sentiment towards riskier assets.The anticipation of a US interest…
JPMorgan has labeled Bitcoin as the “debasement trade,” suggesting that many investors might not be optimistic enough. The prominent investment bank doesn’t assign such nicknames casually. However, Bitcoin has demonstrated 17 years of remarkable resilience, and Wall Street is now acknowledging what the cypherpunks have always known: there’s no substitute when faith in fiat currencies dwindles. Whether we like it or not, the time for cautious optimism is behind us. JPMorgan and the ‘debasement trade’ While Wall Street is known for its ambiguous language, JPMorgan’s recent comments strike closely to the heart of the issue. By identifying Bitcoin as the…
US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October, a month typically known for its bullish trends, with their second-highest weekly inflows since inception, reflecting renewed investor confidence.Spot Bitcoin (BTC) ETFs saw $3.24 billion in cumulative net positive inflows over the past week, nearing their record of $3.38 billion from the week concluding on Nov. 22, 2024, according to data from SoSoValue.This represents a significant recovery from the prior week’s outflow of $902 million. Analysts cite rising expectations for an additional US interest rate reduction, which has bolstered sentiment towards risk assets.The prospect of another US interest rate cut has…
US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off the historically bullish month of October with their second-highest weekly inflows since launching, indicating renewed investor confidence.Spot Bitcoin (BTC) ETFs saw cumulative net positive inflows of $3.24 billion over the past week, almost reaching their record of $3.38 billion during the week ending Nov. 22, 2024, as reported by SoSoValue.This figure represents a significant recovery from the previous week’s outflows of $902 million. Analysts credit this rebound to increasing expectations of another US interest rate cut, which has enhanced sentiment towards risk assets.The anticipation of another US interest rate reduction instigated a…
Samsung, a leader in consumer electronics, has enhanced its collaboration with cryptocurrency exchange Coinbase, enabling users of its Galaxy smartphones to purchase crypto directly through Samsung Wallet.Initially, around 75 million Galaxy users in the U.S. will be given access to Coinbase One, a subscription service that features no trading fees, increased staking rewards, and protection for lost funds due to unauthorized access, Coinbase declared on Friday.“By partnering with Samsung, we’re combining their global reach with Coinbase’s reliable platform to provide the best value for individuals accessing crypto — starting with more than 75 million Galaxy users in the U.S., and…
Solana (SOL) has gained over 19% in the last week, bringing its price to $230. This surge comes as the altcoin tries to rebound from recent declines. Despite this substantial rise, holders seem skeptical about its longevity, with increased selling pressure as investors seek to lock in profits.Solana Investors Are BearishAccording to data from the HODLer Net Position Change, long-term holders (LTHs) are actively selling their SOL. Their selling activity has reached a seven-month peak, highlighting a significant uptick in profit-taking. This trend suggests that many LTHs doubt the sustainability of the rally and are cashing out while they still…
Ray Dalio expressed skepticism about Bitcoin’s potential as a “reserve currency” for central banks. What are his concerns? Summary Dalio has raised doubts about Bitcoin’s function as a “reserve currency,” highlighting its uncertain store of value and issues of transparency and resilience. His insights hold significant weight due to Bridgewater’s international prominence and his expertise in debt cycles, systemic risks, and the evolution of reserve currencies. Dalio has evolved from labeling Bitcoin a bubble in 2017 to seeing it as an alternative asset to gold, although he still prefers gold as a hedge. Most central banks maintain reserves in dollars,…
While digital assets remain a major focus for institutional investors, traditional banks, and corporations, venture capital activity in this sector has significantly declined since the first quarter.According to Galaxy Research’s latest VC report, crypto and blockchain startups secured $1.97 billion across 378 deals in the second quarter, marking a 59% reduction in funding and a 15% decrease in deal count from the previous quarter. This total is the second-lowest since Q4 2020.Researchers noted a breakdown in the long-term correlation between Bitcoin’s (BTC) price and venture capital investments in the sector, indicating it is “struggling to recover.”Galaxy attributes this disconnect to…