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.
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Analysts informed Cointelegraph that crypto prices may be influenced by proposed legislation regarding crypto market structure, stablecoins, and a surge in exchange-traded products (ETPs) in the fourth quarter, especially following a period dominated by assets linked to digital treasuries.In a report published on Thursday, the research team at Grayscale, a crypto asset management firm, indicated that legislation in the US known as the CLARITY Act could serve as a “comprehensive financial services legislation” and might act as “a catalyst for deeper integration with the traditional financial services sector.”Additionally, the Securities and Exchange Commission’s approval of a generic listing standard for…
Key takeaways:An Ethereum trader incurred a loss of $36.4M in a single liquidation, totaling over $45M in losses.Ethereum currently encounters significant long liquidation clusters between $2,370 and $2,500.Technical indicators suggest a potential price drop of 10%–15% for Ether this month.An Ethereum trader faced a staggering $36.4 million loss after the liquidation of a massive long position, coinciding with Ether (ETH) falling below the $4,000 threshold on Thursday.ETH/USD four-hour price chart. Source: TradingViewEthereum faces over $718 million in long liquidationsWallet “0xa523” had staked 9,152 ETH anticipating a price increase, only to suffer one of the largest single-trader losses within the past…
Key insights: Traders have decreased bullish positions, reflecting mixed market sentiment ahead of the upcoming $22 billion monthly Bitcoin options expiry on Friday. Stablecoin premiums and Bitcoin ETF inflows suggest cautious optimism, indicating traders may be looking for short-term gains. Bitcoin (BTC) has fallen to its lowest point in over three weeks, resulting in $275 million in liquidations of leveraged bullish positions. Traders are questioning if the approaching $22 billion BTC options expiry this Friday is the reason behind the drop below $109,000, and whether professional investors anticipate further price declines. Top traders’ long-to-short positions at Binance and OKX. Source:…
Forward Industries, a Nasdaq-listed company with the largest corporate Solana treasury, aims to introduce its equity to the blockchain.On Monday, the company revealed a collaboration with fintech firm Superstate for tokenizing Forward Industries (FORD) stock on Solana using Superstate’s Opening Bell, a regulated on-chain issuance platform enabling public companies to tokenize equity on Solana.Should the proposal proceed, shareholders might bridge their common stock between brokerage accounts and Solana, potentially facilitating 24/7 trading, rapid settlement, and new global liquidity pools.Although this plan appears to be a significant advancement for Forward, the company has not confirmed whether regulators have approved the tokenized…
Last week, the US Securities and Exchange Commission approved updated listing standards for commodity-based trust shares, which marks a notable policy shift that may expedite the process of launching spot crypto exchange-traded funds (ETFs). However, uncertainty remains for various investors.Bloomberg ETF analyst James Seyffart asserted that this policy change, announced by the SEC on September 17, represents a favorable step towards a surge of spot crypto ETP launches.Eric Balchunas, another senior ETF analyst at Bloomberg, indicated that the SEC has effectively cleared the regulatory path for crypto ETFs “as long as they have futures on Coinbase,” alluding to the varied regulations…
INTERPOL has revealed a significant operation aimed at crypto criminals, resulting in the freezing of 400 wallets and 68,000 bank accounts, and the recovery of $439 million in assets. Moreover, Eurojust has reported a similar achievement, apprehending the leaders of a substantial crime syndicate that embezzled $116 million over multiple years before being dismantled by international law enforcement. INTERPOL’s Crypto Operations Despite the ongoing wave of crypto-related crime, law enforcement officials worldwide are achieving significant milestones in freezing assets and capturing criminals.Sponsored Sponsored Today, INTERPOL announced a remarkable recovery of substantial crypto assets through several operations. INTERPOL’s press release detailed…
Crypto treasury firms are beginning to witness share price increases driven by stock buyback initiatives, which analysts suggest may indicate a struggle for credibility among these companies. Media company Thumzup, linked to Trump Jr. and holding Bitcoin (BTC) and Dogecoin (DOGE), announced on Wednesday that it was boosting its share buyback from $1 million to $10 million, which led to a 7% rise in its stock (TZUP) for the session and an additional 0.82% after hours, reaching $4.91. Concurrently, Solana treasury company DeFi Development Corp (DFDV) increased its share repurchase from $1 million to $100 million, resulting in its stock…
XRP’s rise above $2.90 faced significant selling pressure on Sept. 25, resulting in a volume increase of $277 million that pushed the price back down to $2.75.This decline wiped out over $18 billion in market capitalization over the last week and confirmed new resistance at $2.80, compelling traders to prepare for a potential test of the $2.70 support level.News Background• XRP dropped 5.83% during the Sept. 25–26 period, decreasing from $2.92 to $2.75 due to substantial institutional selling.• A sudden drop at $2.80 around 17:00 triggered a volume surge of 276.77 million — more than 2.5 times the average 24-hour…
China’s central bank has launched a new operations center for the digital yuan in Shanghai. This center will manage platforms for cross-border payments, blockchain services, and digital assets as part of the digital yuan’s development.State-run Xinhua News Agency reported the news on Thursday, referencing a statement from the People’s Bank of China. Xinhua noted that the center is aimed at enhancing the digital yuan’s role in global finance. With this launch, officials introduced a cross-border payments platform, a blockchain service platform, and a digital asset platform.The hub is one of eight initiatives outlined by People’s Bank of China (PBOC) Governor Pan Gongsheng…