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.
The meme coin market had a strong start to the month but experienced a sharp decline, currently valued at $67.4 billion. Some altcoins have emerged as leaders, showing potential for additional gains. BeInCrypto has examined three meme coins that investors should keep an eye on as Q3 commences.Sponsored Sponsored Pump.fun (PUMP) PUMP has become one of the top-performing cryptocurrencies this month, with a remarkable 66.8% increase since the beginning of the month. As of now, the altcoin trades at $0.0056, maintaining steady momentum that captures investor interest. Though not a conventional meme coin, PUMP is closely associated with the genre…
Strategy (previously known as MicroStrategy) has increased its Bitcoin investments by acquiring 196 BTC for $22.1 million at an average price of $113,048 per coin, as detailed in a filing with the US Securities and Exchange Commission (SEC) dated September 29. According to the company’s dashboard, this purchase is its third smallest of the year, following acquisitions of 130 BTC in March and 154.64 BTC in August. These incremental purchases have raised Strategy’s total Bitcoin holdings to 649,031 BTC, accounting for 3% of the overall BTC supply, securing its position as the largest corporate holder of Bitcoin. The firm has…
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Key insights: Bitcoin may test the $117,500 level if buyers achieve a daily close above $114,000. Altcoins are attempting to initiate a relief rally, but are likely to encounter selling pressure at higher levels. Bitcoin (BTC) continued its recovery past $114,000 on Monday, signifying strong buying activity from bulls. BTC remains in a range, with analysts split regarding its next direction. While some foresee a bearish trend, others anticipate a surge to a new all-time high. Market players are exhibiting cautious sentiment due to the near-term uncertainty surrounding BTC. According to CoinShares’ weekly report, BTC exchange-traded products (ETPs) saw $719…
Quatrefoil Data Services, a company dedicated to offering institutional-level benchmarks in digital assets, has officially launched operations, beginning with a reference rate for Ethereum staking, the firm announced on Monday.Its leading product, the Composite Ether Staking Rate (CESR), evaluates yields from Ethereum validators and is intended to serve as crypto’s version of a “risk-free rate.”CESR was developed by the investment firm CoinFund and is currently distributed by CoinDesk Indices. Various asset managers and protocols, including Coinbase and FalconX, utilize it to design products and manage risk.Benchmarks are essential in traditional markets, serving as foundational elements for futures and insurance. In…
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BlackRock Inc.’s iShares Bitcoin Trust (IBIT) has overtaken Coinbase Global Inc.’s Deribit platform, becoming the largest marketplace for Bitcoin options in the world. After the contract expiry on Friday, the open interest in options associated with the Nasdaq-listed IBIT reached almost $38 billion, while Deribit had $32 billion, according to Bloomberg. Established in 2016, Deribit had long been the leading platform for Bitcoin derivatives. Conversely, IBIT only commenced options trading in November 2024, making its swift rise particularly remarkable. In June of this year, IBIT set a new record in the ETF landscape, surpassing $70 billion in assets under management…
A proposal for Polkadot to launch its own native algorithmic stablecoin, entirely backed by DOT tokens, is gaining substantial early support.Co-founder and CTO of Polkadot chain’s Acala, Bryan Chen, presented a proposal on Sunday aimed at creating a native stablecoin for the Polkadot network. This stablecoin would be algorithmic, fully backed by Polkadot (DOT) tokens, and would carry the pUSD ticker.The proposed stablecoin intends to utilize the decentralized stablecoin and collateralized debt position protocol Honzon on the Acala network. The goal is to lessen or replace reliance on Tether’s USDt (USDT) and Circle’s USDC (USDC) stablecoins.As of now, more than…
Key takeaways:XRP streamlines cross-border remittances by eliminating pre-funding, making it particularly beneficial for emerging markets.Loyalty and travel programs are integrating XRP into everyday transactions, evolving it from an investment into a functional payment method.Entities like SBI and Santander bolster XRP’s credibility by maintaining reserves and exploring various settlement applications.With the SEC lawsuit concluded and increasing global clarity, XRP now enjoys legal certainty and an expanded network to enhance its adoption.XRP (XRP), the native digital asset of the XRP Ledger (XRPL), is often viewed in the context of market speculation. However, its importance is much broader when considering real-world applications, institutional…