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.
As members of the US Senate Banking Committee prepare to vote on legislation concerning digital asset market structure by month’s end, a supporter of the bill has indicated that the Senate’s version may tackle fraud linked to cryptocurrency ATMs.In a post on X, Wyoming Senator Cynthia Lummis stated that she and New York Senator Kirsten Gillibrand intend to address issues of fraud associated with Bitcoin (BTC) ATMs within the market structure.She referenced a report where the Cheyenne police department “identified 50 instances of fraud” primarily affecting seniors via crypto ATMs, amounting to “over $645,000.”Source: Senator Cynthia LummisTo date, no federal…
Key takeaways: Purchasing activities among both retail and large traders have mitigated the BTC price decline, although bears may still capitalize on long liquidations down to $106,000. Lackluster spot and perpetual futures volumes hinder a significant trend reversal, as sellers persist in offloading during price recoveries. Bitcoin (BTC) bulls are striving to maintain the $112,000 threshold, just a day after the crypto market experienced its largest single-day liquidation of long positions for the year. On Monday, $1.62 billion in long positions were liquidated, and as the market attempts to rebound, analysts from Glassnode caution that the Bitcoin bull market might be entering…
Sure! Here’s the rewritten content with the HTML tags intact: Arthur Hayes, Chief Investment Officer at Maelstrom, has made one of his most audacious predictions for Bitcoin, suggesting it could hit $3.4 million within the next three years.In a note dated Sept. 23, he emphasized that this forecast hinges on the potential for Donald Trump’s administration to pursue aggressive monetary expansion through yield curve control.Hayes stated:“From now until 2028, the Treasury will have to issue new debt to repay existing debt and cover government deficits.”He explained that fiscal pressures in the US are expected to escalate, with annual deficits around…
Five unexpected solo victories of Bitcoin miners in 2025 At a time when Bitcoin (BTC) mining is largely managed by extensive mining farms equipped with advanced, specialized hardware, the chances of a solo miner discovering the so-called digital gold are astronomically low. However, 2025 has brought forth an astonishing twist.Five solo miners, working outside of massive mining pools, have each successfully mined a block, reaping rewards exceeding $350,000 each. Though these triumphs may be exceptions, they emphasize the unpredictable yet democratic nature of Bitcoin, where even smaller players can occasionally outshine corporate giants.Bitcoin mining involves validating transactions and securing the…
Taiwanese music star and prominent digital asset investor Jeffrey Huang, popularly known as “Machi Big Brother,” divested all his Hyperliquid holdings at a significant loss exceeding millions amidst rising worries regarding the token’s imminent vesting schedule. The celebrity and avid Bored Ape Yacht Club collector offloaded $25.8 million worth of Hyperliquid (HYPE) tokens, incurring a total loss of $4.45 million after several weeks of retention, as per blockchain data released by the pseudonymous analyst MLM in a Tuesday X post. The account also forfeited over $19 million in unrealized profits in the last week. Despite the accumulating losses, he retained…
Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s intricate balancing act, noting that policymakers are working to balance their mandates for price stability and employment following last week’s interest rate cut.“Recent data indicate that economic growth has slowed down,” Powell stated in prepared remarks at the Greater Providence Chamber of Commerce’s economic outlook luncheon in Rhode Island, adding:The unemployment rate is low but has increased slightly. Job gains have decelerated, and the risks to employment have heightened. Concurrently, inflation has risen recently and remains somewhat elevated. He mentioned that clearer trade policies suggest tariffs will likely cause…
Burdened by Bitcoin’s downturn, the cryptocurrency market has started the new week with a tepid performance. The slowdown has affected altcoins as well, dragging overall market sentiment down. Despite this, a few US-related projects are gaining traction as investors seek opportunities. Here are three Made in USA coins to keep an eye on this week. Zebec Network (ZBCN)Sponsored ZBCN has bucked today’s market dip, achieving 23% gains in the past 24 hours, with trading volume climbing by 136% to $33.38 million. This increase in activity indicates that, despite overall market weakness, traders are gravitating toward ZBCN. When both price and…
The FTX Bankruptcy Trust has initiated a $1.15 billion lawsuit against Bitcoin mining company Genesis Digital Assets, representing one of the most significant clawback efforts to recover assets lost in the FTX exchange’s collapse. The lawsuit claims that Genesis Digital and its co-founders received over $1 billion in fraudulent transfers from Sam Bankman-Fried’s Alameda Research during 2021 and 2022. ‘Great detriment’ to FTX customers The trust contends that these investments were made at “outrageously inflated prices” and contributed little or nothing of value to FTX’s already insolvent business. “Between August 2021 and April 2022, Bankman-Fried directed Alameda to acquire multiple…
Cryptocurrency exchange Coinbase is teaming up with technology security firm Cloudflare to create the x402 Foundation, which will advocate for the integration of artificial intelligence in payment systems. Summary The x402 Foundation, by Coinbase and Cloudflare, aims to make AI-driven payments as effortless as sending an email. The x402 protocol establishes a universal structure for real-time, stablecoin transactions, facilitating everything from micropayments for creators to pay-per-use AI services and commerce between agents. This protocol embeds payments into the web, allowing AI agents, businesses, and applications to conduct transactions autonomously, thereby creating a new landscape where blockchain intersects with intelligent, scalable…
Essential InsightsStablecoins expedite settlement times, lower cross-border fees, and facilitate programmable rewards, surpassing traditional credit card systems.US merchants incur over $100 billion in card fees annually, whereas stablecoins offer significantly less expensive and faster payment options.Examples like Ripple’s RLUSD, Gemini’s XRP Card, and Moca’s Air Shop illustrate stablecoins integrating into mainstream commerce.As major players consider adoption, stablecoins are poised to become pivotal in US payment systems.Since their inception in 2014 to stabilize the volatile cryptocurrency market, stablecoins have transformed conventional banking. They have disentangled the core functions of money storage and transfer, enabling fintechs to create programmable services on a…