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.
Tether has reaffirmed its commitment to Bitcoin as its main reserve asset with a recent acquisition—a $1 billion investment that raises its total holdings to $9.7 billion, coinciding with a significant increase in USDT supply. Summary Tether acquired 8,889 BTC valued at $1 billion in Q3, bringing its total reserves to $9.7 billion. This aligns with Tether’s trend of Bitcoin purchases at the end of each quarter. With USDT supply approaching $175 billion, Tether strengthens its leadership in the stablecoin market. As of September 30, on-chain data indicated that a Tether-tagged wallet received 8,889 Bitcoin (BTC), approximately valued at $1…
The staff of the US Securities and Exchange Commission has opened the door for investment advisers to utilize state trust companies for the custody of cryptocurrency assets.In a unique no-action letter, the SEC’s Division of Investment Management announced on Tuesday that it would not recommend enforcement action against advisers who employ state trust companies as crypto custodians.Law firm Simpson Thacher & Bartlett had submitted a letter to the Division on Tuesday, seeking assurances that registered financial entities, like venture capital firms, would not face enforcement action for custodial roles involving crypto assets.This marks the second no-action letter issued by the…
The US Securities and Exchange Commission (SEC) staff has opened the door for investment advisers to use state trust companies for safeguarding cryptocurrency assets.In a rare no-action letter, the SEC’s Division of Investment Management announced on Tuesday that it would not recommend enforcement actions against advisers utilizing state trust companies as crypto custodians.Law firm Simpson Thacher & Bartlett had submitted a letter to the Division on Tuesday, seeking assurances that registered financial entities, including venture capital firms, would not face regulatory actions if they served as custodians of crypto assets.This marks the second no-action letter from the SEC this week,…
Key takeaways:Increased Bitcoin put option premiums indicate cautious sentiment among traders.US job openings are nearing five-year lows, raising fears of a recession and potential economic slowdown.$518 million was invested in Bitcoin ETFs on Monday, while public companies continue to accumulate, reducing available supply.Bitcoin (BTC) pro traders are wary of holding downside risks despite recent gains to $114,000, as derivatives markets reflect increased anxiety. Traders may be weighing whether these indicators signal broader concerns about global economic growth or specific fears tied to the cryptocurrency market.Bitcoin options 30-day skew (put-call). Source: Laevitas.chThe Bitcoin skew metric reached 5% on Tuesday before rising…
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The Space Exploration and Research Agency (SERA) based in the US, in collaboration with The Open Network (TON) Foundation, has introduced a new Mini App on Telegram that enables users to vote on candidates for a trip to space on a Blue Origin rocket.This initiative, titled Mission Control, aims to “democratize” space travel by allowing global users to participate in astronaut selection through onchain voting on the TON blockchain, as stated in a recent announcement shared with Cointelegraph.SERA has reportedly secured all six seats for an upcoming Blue Origin New Shepard mission, which is set for a future flight.Five seats…
Key takeaways: SOL retail leveraged longs who entered Monday’s range high were partially flushed out during today’s decline to $205. In spite of the temporary downturn, institutional-sized investors bought into the SOL price dip. The primary reason for the sell-off is the looming risk of a US government shutdown, yet traders remain attentive to the Oct. 10 SEC Solana ETF deadline. SOL (SOL) price sharply dropped to $204.17 on Tuesday as US stock markets fell on reports of an impending government shutdown on Oct. 1 following a failure by Democrats and Republicans to reach a funding agreement. Despite the adverse news and conflict between political…
As noted in last week’s review, bitcoin experienced a significant drop last Sunday night, plummeting to $111,800. The price then rebounded to retest the $113,800 resistance level and the 21-day EMA at $114,000, but was rejected, falling back to the $111,300 support level. This point provided another opportunity for bulls to bounce back to the 21-day EMA, yet they were denied access again above the $113,800 resistance level, dropping just below the weekly support at $109,500 on Thursday. From that Thursday low, the price rallied, closing the week at $112,225. Key Support and Resistance Levels Now Since the price closed…
Sure! Here’s a rewritten version while keeping the HTML tags intact: Main insights: Long positions in SOL retail that were established at the peak of Monday’s range experienced significant selling pressure as the price dropped to $205 today. In spite of the temporary price drop, large institutional investors took the opportunity to purchase SOL at a lower price. The primary factor behind the sell-off is the risk of a US government shutdown, but traders are maintaining their focus on the SEC’s Solana ETF deadline set for October 10. The price of SOL (SOL) unexpectedly dropped to $204.17 on Tuesday, coinciding with a broader sell-off…
Global payments provider Stripe is enhancing its cryptocurrency services with a new tool that enables any company to create and manage their own stablecoin “with just a few lines of code.”The tool, named “Open Issuance,” empowers businesses to “mint and burn coins freely, customize their reserves to balance cash and treasuries, and select their preferred partners,” Stripe announced on Tuesday.This service, among over 40 introduced by Stripe this week, will be supported by Bridge — a stablecoin infrastructure firm Stripe acquired for $1.1 billion in October 2024 — with treasuries managed by asset management leaders BlackRock, Fidelity Investments, and blockchain-based…