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 U.S. judge has thrown out a lawsuit from investors against Yuga Labs, a Web3 company, stating that the case did not establish that non-fungible tokens (NFTs) qualify as securities under the law.Judge Fernando M. Olguin ruled that the plaintiffs did not adequately demonstrate how the Bored Ape Yacht Club (BAYC), ApeCoin (APE), or other NFTs sold by Yuga met the three criteria of the Howey test, which the Securities and Exchange Commission (SEC) uses to evaluate whether a transaction qualifies as an investment contract. This lawsuit was first initiated in 2022.According to Olguin, Yuga Labs advertised its NFTs as…
Bitcoin miner CleanSpark concluded September with 13,011 BTC in its treasury, showcasing year-over-year improvements in efficiency and production.The company announced a 27% increase in monthly production from September 2024, with 629 Bitcoin (BTC) mined and 445 BTC sold for approximately $48.7 million at an average price of $109,568. In its Friday update, CleanSpark reported a 26% year-over-year improvement in fleet efficiency, with an average operating hashrate of 45.6 EH/s for the month.Since April, CleanSpark has been selling portions of its monthly Bitcoin production to work towards financial self-sufficiency. The company also launched an institutional Bitcoin trading desk to facilitate these…
The potential for Ether to surpass $5,000 hinges on institutional buying, yet increasing competition and lackluster derivatives metrics keep investor sentiment in check.
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The likelihood of Ether surpassing $5,000 hinges on institutional buying, but increasing competition and subdued derivatives metrics temper investor optimism.
Coinbase is collaborating with the non-profit GiveDirectly to launch a program offering crypto stipends to low-income New Yorkers aged 18 to 30.The initiative will distribute USDC equivalent to $12,000 in six installments to 160 residents chosen via lottery.Sponsored Using USDC to Mitigate Poverty in New YorkGiveDirectly, a U.S.-based non-profit that enables donors to send money directly to the world’s neediest households, has teamed up with centralized exchange Coinbase to launch a new pilot initiative.This program, named “Future First,” seeks to alleviate poverty in New York City by distributing funds to low-income residents. GiveDirectly will run the program, while Coinbase will…
This month, the MSTR stock has entered a bull market, surging over 20% from its September lows, coinciding with a rebound in Bitcoin. Summary MSTR shares have bounced back as Bitcoin approaches its all-time high. Technical analysis suggests Bitcoin could rise to $131,250 in this cycle. MSTR might recover and test the significant resistance level at $450. Strategy, the leading treasury company, reached an intraday high of $355, marking its highest point since August 19. This recovery followed a near 40% drop from its peak earlier this year, hitting its lowest level since April 11. The rebound in MSTR mirrors…
The potential for Ether to exceed $5,000 hinges on institutional purchases, yet increasing competition and subdued derivatives metrics continue to hold back investor optimism.
The State Bank of Vietnam, the nation’s central banking authority, predicts a credit growth of approximately 20% by 2025, potentially directing liquidity into global cryptocurrency markets amidst increasing regional adoption.Pham Thanh Ha, the central bank’s deputy governor, stated on Friday that a further reduction in interest rates is essential to boost economic development and alleviate the uncertainties arising from tariffs imposed by the US, as reported by Reuters.In June, Vietnam’s government legalized cryptocurrencies as part of a comprehensive technology regulation that classified them as either virtual assets tied to real-world tokenized products or crypto assets such as Bitcoin (BTC) and…
Key takeaways:CME open interest for SOL reached an unprecedented $2.16 billion, indicating robust institutional engagement.Retail traders are exercising caution after $307 million in liquidations, leading to subdued leverage.Solana ETPs exceeded $500 million in AUM, highlighting trends of institutional accumulation.Solana (SOL) futures are at a critical juncture, with the Chicago Mercantile Exchange (CME) open interest (OI) hitting a record $2.16 billion as SOL price bounced back 23% to $235 from a local low of $195 on Friday. This increase comes as institutional volumes surged on CME following SOL’s bottom, illustrating how market participants position themselves ahead of the SEC’s SOL ETF…