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.
Senator Cynthia Lummis, a strong advocate for Bitcoin, has announced she will not run for reelection in 2026, citing a lack of stamina for another term. However, she intends to utilize her remaining time to champion crucial cryptocurrency legislation. Summary Lummis declared on X that she will not seek another term, emphasizing that while her commitment to Wyoming remains steadfast, she feels she lacks the energy for another six-year stint. The “Bitcoin senator” maintains her unwavering support for cryptocurrency and aims to push significant digital asset legislation to Trump’s desk by 2026. Crypto influencers, including White House AI and crypto…
Wall Street broker Benchmark has indicated that bitcoin miner Hut 8 (HUT) is leveraging last week’s River Bend announcement to solidify its transition from a crypto-centric power owner to an institutional-caliber digital infrastructure platform.Analyst Mark Palmer noted that the deal’s structure, counterparties, and cash-flow quality distinguish HUT’s agreement from the recent surge in AI data center contracts. He maintained his buy rating on the stock and increased his price target to $85 from $77, indicating a potential upside of 93% from Friday’s closing price of $44.12. Shares rose by 2.8% in premarket trading to $45.34.On Wednesday, Hut 8 finalized a…
APT$1.6238 rose 4.5% to $1.63, despite a lack of trading activity, with 24-hour volume dropping 29% below its 30-day average, per CoinDesk Research’s technical analysis model.APT has outperformed the broader cryptocurrency market. The CoinDesk 20 index, a market benchmark, increased by 2.4% at the time of publication.The model indicated that this increase occurred without significant fundamental catalysts, showcasing broader market trends instead of specific momentum related to the token.Price patterns hinted at consolidation rather than a strong directional shift, as suggested by the model.Volume peaked at 5.7 million tokens, exceeding the 24-hour average of 2.83 million by 102%, as the…
A governance vote at the decentralized finance (DeFi) lending protocol Aave has triggered backlash among key stakeholders after a proposal regarding the ownership of Aave’s brand assets was escalated to a snapshot vote while discussions remained unresolved. The proposal queries the community on whether Aave (AAVE) token holders should reclaim control over the protocol’s brand assets, which include domains, social handles, naming rights, and other intellectual property through a DAO-controlled legal entity. Aave founder Stani Kulechov noted the community’s eagerness for a decision and announced the proposal’s transition to a vote. “We acknowledge the community’s interest in a way forward and are…
During the early trading hours in Asia on Monday, Bitcoin (BTC) surged towards $90,000 as a significant market indicator hinted at a potential “tactical” upside for its price. Key insights: Bitcoin has risen 6.5% from recent lows, increasing hopes for a “Santa Rally” with targets reaching up to $120,000. The trend of short liquidations is prevalent, which could provide support for bullish investors. To ensure a sustained recovery, Bitcoin’s price must remain above $84,000. BTC/USD daily chart. Source: Cointelegraph/TradingView “Santa rally” discussions resurface as BTC gains $5,000 Data from Cointelegraph Markets Pro and TradingView indicated that BTC/USD reached an intra-day…
By Omkar Godbole (All times ET unless indicated otherwise)The week begins positively with bitcoin BTC$90,061.33 rising over 1% to $89,800, nearing the upper limit of the recent week-long range between $85,000 and $90,000. Resistance exists between $92,000 and $95,000, a significant barrier for bullish traders, as noted by BRN.This week’s U.S. economic calendar is minimal yet significant, featuring third-quarter U.S. gross domestic product (GDP) and consumer confidence reports on Tuesday, followed by jobless claims on Wednesday.These statistics could sway investors’ risk appetite, although holiday festivities may result in reduced market liquidity, causing volatile price shifts. On Friday, BTC and ETH…
The recent downturn in Bitcoin’s price has sparked a significant sell-off across the cryptocurrency market, and the situation shows no signs of easing. Currently trading below $90,000, the implications for the leading cryptocurrency will hinge on its next move. The ongoing battle between bullish and bearish sentiments means either outcome remains feasible. With critical levels at stake, a crypto analyst has evaluated the potential consequences of each path. Potential Outcomes for Bitcoin Price Crypto analyst HAMED_AZ examines the Bitcoin price chart, highlighting the current trend and possible scenarios leading to either a recovery or a downturn. The analyst notes that…
The cryptocurrency market is preparing for a significant structural adjustment on Friday, with billions in bitcoin BTC$89,761.33 and ether ETH$3,041.15 options expiring on Deribit.This enormous “Boxing Day” event, named after the holiday celebrated in various nations on December 26, will witness the expiry of $23.6 billion in bitcoin options and $3.8 billion in ether options, ceasing trading and settling those contracts. These amounts reflect the dollar values of active options contracts at the time of reporting, with each contract representing 1 BTC or 1 ETH.As per Deribit, the expiry, impacting over 50% of the total open interest on the centralized…
The price of Bitcoin remained around the $89,000 level on Monday, as interest in its spot exchange-traded funds continued to wane. Summary Bitcoin ETFs experienced nearly $4.5 billion in outflows in the last week. The BTC price chart indicates a potential extended bearish phase. Data from SoSoValue reveals that the 12 spot Bitcoin ETFs saw $497.05 million in net outflows from December 15 to December 19. BlackRock’s IBIT faced the most significant outflows, with $240.3 million leaving the fund. Additionally, Bitwise’s BITB and ARK 21Shares’ ARKB saw net outflows of $115.1 million and $100.7 million, respectively. VanEck’s HODL, Grayscale’s GBTC,…
The decentralized perpetuals exchange Hyperliquid has responded to community concerns regarding a wallet that was thought to be associated with the internal team selling significant amounts of HYPE (HYPE).Co-founder Iliensinc stated on Hyperliquid’s Discord channel Monday that the wallet identified by the community for shorting HYPE belongs to a former employee who was let go in the first quarter of 2024.“This individual is no longer affiliated with Hyperliquid Labs, and their actions do not represent our team’s standards or values,” Iliensinc noted, referring to the address 0x7ae4…1028.This clarification came weeks after community member cobe.hype claimed that the address was linked…