Author: Ethan Carter

On Wednesday, New York State Senator Liz Krueger proposed a bill to impose excise taxes on energy utilized by crypto mining companies operating within the state.The proposed excise tax, which marks a continuation of legislative actions of this nature, will be structured in tiers. There will be no tax for miners using 2.25 million kilowatt-hours (kWh) or less annually, while those consuming between 2.26 million and 5 million kWh will face a tax of 2 cents per kWh.Miners consuming between 5 million and 10 million kWh will incur a 3 cent per kWh charge; those using up to 20 million…

Users of Crypto.com will soon have the opportunity to lend wrapped crypto assets and earn yields on stablecoins via Morpho, a decentralized finance (DeFi) lending protocol.A statement released on Thursday revealed that Morpho will initiate stablecoin lending markets on the Cronos blockchain, with the first vaults anticipated this year. This integration enables users to deposit wrapped Ether (ETH) or Bitcoin (BTC) into Morpho vaults and borrow stablecoins against them to generate yields.Wrapped assets are tokens that signify another cryptocurrency on a different blockchain. On Cronos, wrapped tokens like CDCETH and CDCBTC replicate ETH and BTC, permitting users to bring value…

On Wednesday, New York State Senator Liz Krueger presented a bill aimed at implementing excise taxes on the energy consumption of crypto mining firms operating in the state.The proposed tax will be structured in tiers, with no charges for miners utilizing 2.25 million kilowatt-hours (kWh) or less annually. Miners consuming between 2.26 million and 5 million kWh will incur a tax of 2 cents per kWh.Those using 5 million to 10 million kWh annually will face a tax of 3 cents per kWh; miners consuming up to 20 million kWh will be taxed at 4 cents per kWh; and any…

BlackRock’s Bitcoin ETF has emerged as the dominant platform for BTC options trading, boasting an impressive $38 billion in open interest. This surpasses Deribit, a derivatives exchange owned by Coinbase.This milestone could indicate positive trends for crypto ETFs, especially since IBIT proved more resilient against challenges last month. However, a traditional finance (TradFi) takeover might eventually impact crypto margins.Bitcoin Options Have a New KingAs Bitcoin options traders gear up for Uptober, it’s crucial to realize the size of this market. Just four months ago, Coinbase finalized a $2.9 billion acquisition of Deribit, leading to a 37% rise in the firm’s…

Today, Bitcoin surpassed $121,000, edging closer to its all-time high as the fourth quarter of 2025 began with renewed enthusiasm for the cryptocurrency. The surge follows a strong finish in September, during which Bitcoin saw a gain of approximately 5%, closing around $114,000—an impressive feat considering Bitcoin’s historical trend of seasonal underperformance. Traditionally, when September ends positively, Bitcoin tends to achieve substantial fourth-quarter gains. Data from Bitcoin Magazine Pro indicates that in years like 2015, 2016, 2023, and 2024, fourth-quarter increases averaged over 50%. This seasonal pattern has led traders to dub October “Uptober.” Since 2015, this month has yielded…

On Wednesday, New York State Senator Liz Krueger proposed a bill that aims to impose excise taxes on the energy consumed by cryptocurrency mining companies operating within the state.The proposed excise tax, which is not the first legislative effort of its kind, will be structured in tiers. There will be no tax for miners using 2.25 million kilowatt-hours (kWh) or less per year, while those consuming between 2.26 million and 5 million kWh annually will incur a tax of 2 cents per kWh.Miners consuming between 5 million and 10 million kWh per year will face a tax of 3 cents…

Essential Insights:The top traders in 2025 influence markets not only through capital but also through compelling narratives.James Wynn illustrates how high leverage can lead to remarkable gains but can also erase capital in mere moments.Andrew Kang shows that aligning clear macro or policy changes with conviction trades can yield benefits… if appropriately sized.GCR highlights that contrarian altcoin bets are most effective when supported by precise timing and a readiness to exit quickly.Machi Big Brother demonstrates how trading in memes and NFTs embodies volatility — fortunes can change in an instant.Arthur Hayes reveals how macro predictions can influence sentiment, though substantial…

This week’s Crypto Biz theme revolves around the increasing integration of traditional finance into the core of crypto infrastructure.Tether is reportedly seeking significant venture funding that could elevate the stablecoin issuer’s valuation to alongside private tech behemoths like OpenAI. Concurrently, US regulators are evaluating the possibility of allowing traditional stocks to trade on-chain, as the merger of the Securities and Exchange Commission, Wall Street, and tokenization intensifies.In other news, JPMorgan’s Kinexys platform welcomed a prominent Gulf bank as a user, while a Nasdaq-traded biotech company constructed a treasury entirely based on a DePIN token.SoftBank, ARK reportedly consider investment in Tether’s…

Key takeaways:Ethereum appears to have established a floor at $3,900, indicating a potential local bottom.A rare Power of 3 pattern hints at a possible breakout of 80% to 100% in Q4.Ether (ETH) seems to have indicated a local bottom at $3,900, supported by a crucial technical pattern that suggests another significant breakout could be on the horizon. Observations from the daily chart reveal that traders are likely focused on the resurgence of the Power of 3 (PO3) model, also known as the Accumulation-Manipulation-Distribution setup, which previously propelled ETH from $2,000 to $4,900 between May and June.Ether PO3 setup. Source: Cointelegraph/TradingViewThe…

502 Bad Gateway