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.
This week in DeFi, a discussion arose about whether increased participation from Wall Street could usher in the crypto market’s first prolonged “supercycle,” potentially leading to digital asset valuations surpassing the traditional four-year cycle timelines.As the foremost smart contract blockchain, Ethereum’s native Ether (ETH) token might experience gains from “Wall Street engaging with the blockchain,” according to BitMine, the largest corporate ETH holder.Yet, despite this optimistic outlook, Ether’s price dropped by 13% over the past week, falling below the $4,000 mark for the first time since August 8, per Cointelegraph data.ETH/USDT, one-month chart. Source: CointelegraphIn the broader cryptocurrency landscape, the…
Citi, a global banking and financial services firm, has updated its stablecoin forecast due to the significant growth in the sector over the past six months, now estimating that the stablecoin market cap will reach $4 trillion by 2030.Analysts at Citi foresee a $1.9 trillion stablecoin market as their “base” case, with a “bull” case projecting up to $4 trillion, an increase from previous estimates of $1.6 trillion and $3.7 trillion, respectively, as detailed in Thursday’s forecast.Citi analysts also indicated that stablecoins will not undermine the banking sector, despite concerns raised by the banking industry, but will assist in transforming…
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC) affectionately dubbed “Crypto Mom” by many in the industry, delivered a speech filled with non-fungible token (NFT) metaphors while also reviewing the agency’s stance on digital assets.At a Coin Center event on Thursday, Peirce appeared to humorously address rumors regarding her tenure, especially since her term officially expired in June. Nonetheless, regulations permit SEC commissioners to serve for up to 18 additional months until the US Senate appoints a successor.“Many people have asked me what lies ahead,” Peirce remarked. “I could depart from government and pivot completely on…
As the adoption of stablecoins and cryptocurrencies accelerates globally, emerging markets encounter increasing threats to monetary sovereignty and financial stability, according to a recent report by Moody’s Ratings.The credit rating agency cautioned that the widespread adoption of stablecoins—tokens pegged 1:1 to another asset, typically a fiat currency like the US dollar—could diminish central banks’ authority over interest rates and exchange rate stability, a trend referred to as “cryptoization.”Banks might also “experience deposit erosion if individuals transfer savings from domestic bank deposits to stablecoins or crypto wallets,” the report stated.Crypto adoption risks in different markets. Source: Moody’sMoody’s indicated that digital asset…
Key insights:Bitcoin experiences its most significant weekly drop since March, falling below $110,000.More than $15 billion in leveraged positions were liquidated, indicating a shift in risk tolerance.Historically, October has been a month of substantial Bitcoin gains.Bitcoin (BTC) is facing its steepest weekly decline since March 2025, with a drop exceeding 5% and prices falling beneath $110,000. This downturn has severely impacted short-term traders, leading to the liquidation of over 60,000 BTC sent to exchanges at a loss this week.This marks the first instance in five months where Bitcoin has dropped below the short-term holder (STH) cost basis of $109,700, a…
Key insights: Bitcoin experiences its most significant weekly drop since March, falling below $110,000. More than $15 billion in leveraged positions have been liquidated, indicating a reset in market risk appetite. Historically, October has tended to show strong gains for Bitcoin. Bitcoin (BTC) is facing its sharpest weekly decline since March 2025, with prices decreasing over 5% and dropping below the $110,000 threshold. The correction has adversely affected short-term traders, as over 60,000 BTC were sent to exchanges at a loss this week. This marks the first occasion in five months where Bitcoin dipped below the short-term holder (STH) cost…
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Citi, a global banking and financial services firm, has updated its stablecoin forecasts in light of significant sector growth over the past six months, now predicting the stablecoin market cap could reach $4 trillion by 2030.Analysts at Citi anticipate a stablecoin market of $1.9 trillion as their “base” case, with a “bull” case reaching up to $4 trillion, an increase from earlier estimates of $1.6 trillion and $3.7 trillion, respectively, as mentioned in Thursday’s forecast.Citi analysts further indicated that stablecoins are unlikely to disrupt the banking sector, contrary to the banking industry’s concerns, but instead will assist in reforming the…
This week has seen a distinct bearish trend in the cryptocurrency market, with Bitcoin (BTC) finally falling below the $110,000 threshold. This decline has significantly impacted overall market sentiment, causing numerous other digital assets to hit multi-week lows. Notably, during this bearish phase, several coins have garnered the attention of Nigerian traders. Today, STBL, HEMI, and Plasma (XPL) are the three most sought-after cryptocurrencies in that region. STBLSponsored STBL, the native coin of the RWA-backed stablecoin protocol STBL, is trending among Nigerian traders. As of now, the altcoin is priced at $0.4808, experiencing a remarkable 79% increase over the past…