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.
Australia is set to enhance regulations for crypto service providers through draft legislation aimed at applying finance sector laws to crypto exchanges.During a crypto conference on Thursday, Assistant Treasurer Daniel Mulino stated that this legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government unveiled in March.“This is a preliminary draft of the legislation, and we are welcoming feedback from stakeholders on its clarity and effectiveness before moving forward,” he noted.At present, crypto exchanges that facilitate trading of assets like Bitcoin (BTC) only need to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which currently…
Main Highlights:Bitcoin staged a significant rebound on Wednesday, yet traders might encounter substantial selling pressure around $117,500.Many prominent altcoins are likely to experience selling on upward movements, but BNB and AVAX could resume their upward trajectory.Bitcoin (BTC) surged past $113,900 on Wednesday, suggesting that bullish investors are actively buying during dips. Strategy Executive Chairman Michael Saylor remarked on CNBC that ongoing purchases by large BTC exchange-traded funds on behalf of institutional investors, alongside a rise in corporate BTC adoption, could reignite the BTC rally as the year draws to a close.Glassnode’s latest weekly report also indicated that BTC might reach…
Key takeaways:Ether surged 75% against Bitcoin in Q3, but has seen a slight decline in September.Retail investor involvement has been low, diverging from institutional trends.Ether (ETH) experienced a 75% rally compared to Bitcoin in Q3, and despite recent price fluctuations, traders remain optimistic about reaching $5,000 in 2025.According to Glassnode data indicated, futures traders are predominantly focused on Ether, with its open interest dominance at 43.3%, the fourth-highest recorded, while Bitcoin holds 56.7%. Furthermore, Ethereum’s perpetual futures volume dominance has reached a record high of 67%, marking a significant shift in trading activity towards Ether.BTC vs. ETH perpetual futures volume…
A US Senate committee will hold a hearing next week to discuss the taxation of digital assets, aligning with the White House’s crypto report released in July.The hearing, led by Finance Committee chair Mike Crapo, is scheduled for Wednesday, featuring testimony from Coinbase’s vice president of tax, Lawrence Zlatkin, and Coin Center’s policy director, Jason Somensatto, according to the notice released on Wednesday.Source: Eleanor TerrettThis action follows the White House Digital Asset Working Group’s recommendations from July, which advised lawmakers to classify crypto as a new asset class and adapt current tax regulations for securities and commodities to cover digital…
Tokenization of real-world assets (RWAs) is attracting institutional interest. Market participants are questioning whether RWAs are the next phase of financial innovation or a speculative bubble prone to collapse. BeInCrypto had an exclusive conversation with market analyst Michael Van de Poppe, who underscored how the RWA market could reshape global finance in the years ahead. Growth of Real World Asset TokenizationSponsored The RWA market has exploded from $29.6 billion to $72.85 billion over the past year, representing a 143% increase. This significant growth reflects escalating investor confidence in tokenized assets that connect traditional finance with blockchain ecosystems. RWA Market Capitalization.…
The price of Bitcoin is currently engulfed in uncertainty as chaotic subwave formations collide with a significant resistance at $113,000. While there are signs of a market recovery, the ambiguous wave patterns leave traders split on whether the next movement will be a breakout or a more profound correction. Chaotic Subwaves Obscure Bitcoin’s Next Direction TARA, a crypto analyst, recently published new insights on X concerning Bitcoin’s current price movements. The analyst suggests that Bitcoin is in the process of constructing another downward wave, although the subwave structure remains convoluted and ambiguous. This lack of clarity complicates the prediction of…
Ripple and the tokenization platform Securitize have partnered to incorporate the Ripple USD stablecoin as an off-ramp for tokenized assets from major investment firms like BlackRock and VanEck.A smart contract has been launched by Ripple and Securitize that enables holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to convert their tokenized shares into the Ripple USD (RLUSD) stablecoin.This smart contract facilitates BUIDL and VBILL investors to swiftly exchange their shares for RLUSD at any moment, allowing for further on-chain transactions.“Collaborating with Ripple to incorporate RLUSD into our tokenization framework is a significant advancement in…
Key takeaways:September Bitcoin options expiry shows a predominance of bullish bets, contingent on BTC maintaining the $110,000 support level.While there is a higher interest in bullish positions, macroeconomic uncertainties still pose downside risks.A total of $22.6 billion in Bitcoin (BTC) options is set to expire on Friday, marking a crucial moment following a sharp decline at $117,000. Bullish strategies are well-positioned approaching the expiry as long as the $112,000 level is preserved.Bitcoin options aggregate open interest by expiration, USD. Source: laevitas.chDeribit continues to dominate the scene, boasting $17.4 billion in open interest for Friday’s Bitcoin options, with OKX and CME…
Jiuzi Holdings is set to initiate a billion-dollar corporate treasury strategy focused on three digital assets, guided by the newly appointed COO, Dr. Doug Buerger, positioning crypto as a vital reserve. Summary Jiuzi Holdings has endorsed a $1 billion treasury initiative aimed at Bitcoin, Ethereum, and BNB. This decision follows the hiring of crypto expert Dr. Doug Buerger as COO. An overseeing risk committee led by CFO Huijie Gao will manage the implementation of this policy. In a statement on Sept. 24, the Nasdaq-listed EV charging firm announced the formal approval of its Crypto Asset Investment Policy by the board.…
Aster, a decentralized perpetuals exchange on BNB Chain, experienced an astonishing increase in open interest of nearly 33,500% within a week, putting pressure on its main competitor, Hyperliquid.According to data from CoinGlass published on Wednesday, Aster’s open interest soared from $3.72 million on Friday to $1.25 billion at the time of reporting. This surge in active contracts indicated that traders were flocking to the platform, putting it on par with its largest rival, Hyperliquid.Open interest represents the total number of outstanding contracts that remain unsettled. It serves as a critical metric for assessing liquidity and market confidence in a project.…