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.
Sure! Here’s the rewritten content with the original HTML tags preserved: Babylon has introduced a proposal to decrease BABY inflation while implementing BTC-BABY co-staking, aimed at enhancing alignment between Bitcoin and BABY holders, as well as curbing supply growth. Summary The initiative seeks to reduce inflation from 8% to 5.5%. BTC-BABY co-staking creates alignment between Bitcoin and BABY holders. Testnet is scheduled for September, with the mainnet launch in October. Babylon has put forth a governance initiative aimed at reducing BABY inflation and launching a co-staking feature that connects Bitcoin to the native token of the network. As stated in…
Polkadot (DOT) is set to unveil a new stablecoin, pUSD, as part of the RFC-155 proposal. Advocates within the Polkadot community view pUSD as a vital step toward unlocking its DeFi potential, reducing reliance on USDT/USDC, and enhancing ecosystem independence. Nevertheless, there are worries about repeating previous errors. pUSD is an over-collateralized stablecoin entirely backed by DOT, implemented on Asset Hub, and employing the Honzon protocol created by Acala. Acala was previously responsible for aUSD, a stablecoin initiative that faced severe setbacks.Sponsored Sponsored Can pUSD Stablecoin Sidestep the Same Pitfalls as aUSD? The reuse of Honzon—the framework Acala used for…
Block CEO Jack Dorsey’s decentralized peer-to-peer messaging platform Bitchat has experienced a surge in downloads from Madagascar amid ongoing protests, mirroring an increase seen during similar unrest in Nepal and Indonesia earlier in September.A Bitcoin open-source developer known as callebtc, who is involved with the messaging service, reported on Sunday, “Bitchat downloads are spiking in Madagascar,” accompanied by screenshots of news coverage related to the protests.“Bitchat” trending in Google searchesCallebtc did not provide exact download figures, however, Google Trends for the term “Bitchat” indicates a dramatic increase from 0 to 100 on Friday (over 90 days) within Madagascar, particularly in…
The cryptocurrency market is still experiencing disarray due to broad drops, but the XRP price continues to capture analysts’ interest as they hold onto a positive outlook. One analyst highlighted that XRP has recently formed a rare and bullish setup, with several chart indications aligning to support upward movement. XRP Price Develops Rare Multi-Layered Bullish Setup Crypto market analyst Bobby A states that XRP is in a unique market position, consolidating above crucial historical levels while gearing up for a potential move that could lead to new all-time highs. He mentioned that various indicators are converging in support of a…
The cryptocurrency sector needs to move away from the frequently used market to net asset value (mNAV) metric, which NYDIG’s global head of research, Greg Cipolaro, claims is deceptive and imprecise for investors.“The existing definition of ‘mNAV’ should be erased and disregarded,” Cipolaro wrote in a recent note. “‘Market cap to bitcoin/digital asset value,’ which is the original definition of mNAV, proves to be an ineffective metric.”He pointed out that mNAV fails to consider treasury companies that have business operations apart from acquiring and holding significant amounts of cryptocurrency and does not accurately reflect convertible debt in firms.Investors and traders…
On Sunday, early users of the perpetuals-focused layer-1 blockchain Hyperliquid received substantial rewards when the Hyper Foundation launched the much-anticipated Hypurr non-fungible token collection.As of now, the Hypurr NFTs have a floor price of approximately 1,458 Hyperliquid (HYPE), equating to around $68,700 based on OpenSea data.There have, however, been remarkable sales exceeding that amount. The Hypurr #21 NFT, featuring the exceptionally rare “Knight Ghost Armor” and “Knight Helm Ghost” traits, was sold for 9,999 HYPE, amounting to $467,000 on Sept. 28.Prior to launch, demand surged to such a degree that certain NFTs traded for as much as $88,000 via OTC…
Ethereum is experiencing one of its most significant resets in over a year, triggered by its price falling below $4,000. This retest has manifested prominently in futures open interest, as billions in positions have been eliminated across major exchanges. This swift unwinding is a corrective response to weeks of excessive leverage during upward trends that had driven derivatives activity to unsustainable levels. Related Reading Significant Open Interest Reduction Across Major Exchanges The latest correction in Ethereum’s price signifies a broader market reset rather than just a minor decline, with leveraged traders bearing the bulk of the losses. Data indicates that…
Users who joined Hyperliquid early have enjoyed a significant airdrop of Hypurr NFTs, with these complimentary digital cats now valued at over $64,000.
Jump Crypto, a Web3 infrastructure company, has suggested eliminating Solana’s fixed compute block limit to enhance network performance and encourage validators with less capable hardware to upgrade.Jump, which is developing a high-performance Firedancer validator client for Solana, is advocating for the SIMD-0370 proposal to be executed after the Alpenglow upgrade, as reported by Solana research firm Anza on Saturday. The Alpenglow upgrade recently passed with near-unanimous support and is scheduled for deployment on a testnet in December.Removing fixed block limits would allow slower validators to skip more complex blocks, allowing more capable validators to take them on, as explained by Anza,…
Jump Crypto, a Web3 infrastructure firm, has proposed the removal of Solana’s fixed compute block limit to enhance network performance and encourage validators with less efficient hardware to upgrade.The company, which is developing a high-performance Firedancer validator client for Solana, is advocating for the SIMD-0370 proposal to be implemented following the Alpenglow upgrade, as noted by Solana research firm Anza on Saturday.Alpenglow received near-unanimous support earlier this month and is scheduled for deployment on a testnet in December.Removing static block limits would allow slower validators to skip more complex blocks, enabling more capable validators to manage them, according to Anza,…