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.
Trading volumes for perpetual contracts on decentralized exchanges (DEXs) soared to a record $70 billion on Thursday, propelled by Aster, a new derivatives platform on the BNB Chain.Perpetual DEXs have hit unprecedented volumes for three consecutive days as activity in decentralized perpetuals intensified. On Tuesday, the total volume for perp DEXs reached $52 billion, followed by $67 billion on Wednesday.The volume exceeded $70 billion on Thursday, indicating a resurgence in the decentralized finance (DeFi) derivatives markets.Aster dominated the leaderboard with nearly $36 billion in 24-hour trading volume, accounting for over 50% of the total perp DEX activity that day. The…
Key takeaways:The decline in spot Bitcoin ETF flows indicates weak institutional demand, suggesting a cooling bullish sentiment.Bears are targeting $108,000 in the short term, with some analysts forecasting a drop to $90,000.Sellers of Bitcoin (BTC) reemerged on Thursday as the price fell to $111,000, raising concerns that a further decline toward $90,000 may be imminent.BTC/USD hourly chart. Source: Cointelegraph/TradingViewBitcoin ETF demand weakensInstitutional interest in spot Bitcoin exchange-traded funds (ETFs) is diminishing in light of recent BTC price declines.After strong inflows at the beginning of September, Bitcoin ETF inflows have slowed, with net inflows dropping 54% to $931.4 million last week…
Summary:The decline in spot Bitcoin ETF inflows suggests diminished institutional interest, indicating a possible reduction in bullish sentiment.Bears target $108,000 in the short term, with some analysts forecasting a slide to $90,000.Bitcoin (BTC) sellers resurfaced on Thursday as the price dipped to $111,000, raising concerns about a potential drop toward $90,000.BTC/USD hourly chart. Source: Cointelegraph/TradingViewDecline in Bitcoin ETF InterestInstitutional investors are pulling back from spot Bitcoin exchange-traded funds (ETFs) amid the recent price downturn.ETF inflows have decreased following strong activity at the start of September. According to Glassnode’s latest Weekly Market Impulse report, net inflows dropped 54% to $931.4 million…
error code: 524
error code: 524
error code: 524
error code: 524
error code: 524
Key takeaways:Coffee shops, fast-food chains like Starbucks and Sheetz, and retailers such as Microsoft and Home Depot are now accepting crypto payments through apps and third-party processors.An increasing number of platforms are allowing the use of Bitcoin, Ether, and XRP for significant travel and airline bookings.Luxury brands, high-end car dealerships, and real estate developers are adopting crypto payments for premium goods and properties.Payment processors simplify the process for small businesses to accept crypto by instantly converting it to fiat currency, thus lowering compliance costs.Cryptocurrencies are mainstream in finance. By 2025, a growing number of businesses are adopting digital assets, particularly…
President Lee Jae-myung of South Korea has abandoned his campaign promise to reform the country’s financial authorities. This move creates uncertainty for future cryptocurrency regulations, which were anticipated to be a critical element of the reform. The government, ruling party, and presidential office have decided to reevaluate the proposed reforms of the financial authorities entirely. Postponement of ‘Mofia’ Reform Indefinitely Consequently, the existing structure of the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) is likely to remain unchanged. Han Jung-ae, the chief policymaker of the ruling Democratic Party, communicated this announcement to reporters at the National Assembly…