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.
Notable Highlights:Bitcoin encountered strong resistance at $117,500, suggesting that bears are not backing down easily.Multiple major altcoins attempted to surpass their overhead resistance levels, yet the bears maintained control, indicating selling on rallies.Bitcoin (BTC) continues to struggle with significant resistance around $117,500, but a positive sign is that the bulls are maintaining their pressure. This indicates that buyers are not hasty to exit, anticipating a potential move toward the all-time high of $124,474.BTC analyst Axel Adler Jr. mentioned in a post on X that the “market is neither overheated nor oversold” at this level. This could result in a consolidation…
The growth of corporate cryptocurrency treasuries continued this week, as publicly listed US companies unveiled plans to gather hundreds of millions for altcoin reserves.On Monday, Nasdaq-listed Helius Medical Technologies initiated a $500 million corporate treasury initiative centered on the Solana token (SOL), indicating a shift toward wider corporate crypto adoption.The following day, Standard Chartered’s investment arm, SC Ventures, revealed plans to secure $250 million in capital for a digital asset investment fund, which is set to launch in 2026 with backing from Middle Eastern investors and a focus on global opportunities.On the regulatory side, the US Securities and Exchange Commission…
The swift expansion of the Ethena stablecoin ecosystem progressed on Friday as Ethena Labs revealed a partnership with institutional OTC desk Flowdesk, focusing on enhancing accessibility to its two tokens — USDe and USDtb.Flowdesk, serving clients that include token issuers, hedge funds, and exchanges, will facilitate trading and reward programs associated with both stablecoins, according to the companies.Source: FlowdeskUSDe represents Ethena’s synthetic dollar, predominantly backed by crypto assets and stabilized through a delta-neutral hedging strategy, maintaining its value pegged to $1.USDtb is supported by real-world assets — mainly BlackRock’s tokenized money market fund, BUIDL, and stablecoins — offering a risk…
Earlier this week, the US Federal Reserve (Fed) reduced interest rates by 25 basis points, offering crucial support to the economy following a period of rate hikes designed to curb inflation. This reduction is expected to favor risk-on assets like Bitcoin (BTC). Fed Lowers Interest Rate, Bitcoin Supply Ratio Decreases As highlighted in a CryptoQuant Quicktake post by contributor Arab Chain, recent data from Binance indicates that the interest rate cut has reignited investors’ enthusiasm for BTC. Notably, the exchange supply ratio has dropped to 0.0291, suggesting that investors are opting to withdraw their BTC from exchanges to hold it…
Participants in the crypto market may be misjudging the US Federal Reserve’s aggressive approach to policy changes in the upcoming months, as noted by an economist.“The markets are not accurately pricing in the chances of swift rate cuts from the Federal Reserve in the near future,” said Economist Timothy Peterson in an interview with Cointelegraph on Friday.“The Fed has never previously enacted a gradual rate reduction as currently projected,” Peterson remarked, suggesting that “the surprise factor” could potentially catch the market off guard.“This will significantly boost Bitcoin and altcoins, likely within the next 3-9 months.”Peterson’s remarks follow the Fed’s first…
Tether’s efforts to broaden Bitcoin mining in Uruguay have come to a halt after the state utility severed power to its local associate. UTE, the national electric provider, ceased supply in late July due to outstanding bills amounting to nearly $5 million. This disagreement has also stymied expansion initiatives in the Flores and Florida regions of the country. Tether’s LATAM Bitcoin Mining Expansion Plan Faces Significant Obstacles The USDT stablecoin issuer entered Uruguay in 2023, pledging to utilize renewable energy for Bitcoin mining. Uruguay’s abundant wind and hydroelectric resources made it an ideal location for sustainable energy projects. Sponsored Sponsored…
Participants in the crypto market might be underestimating the aggressiveness with which the US Federal Reserve will shift its policy in the upcoming months, according to an economist. “Markets are mispricing the chances of quick rate cuts in the near future by the Federal Reserve,” economist Timothy Peterson told Cointelegraph on Friday. “There has never been a slow decrease in rates like the one currently anticipated by the Fed,” Peterson explained, noting that he expects “the surprise effect” to emerge and possibly catch the market off-guard. “It will significantly propel Bitcoin and altcoins upward, and I believe that will occur…
Key takeaways:Robust onchain Ethereum activity and treasury growth bolster Ether’s strength despite exit pressure from the validator queue.The expansion of spot Ether ETFs and shrinking exchange balances enhance the optimistic outlook, positioning ETH for a possible breakout.Ether (ETH) struggled to maintain its bullish momentum after a brief surge past $4,700 on Saturday. Traders have grown increasingly cautious due to Ethereum’s unstaking queue climbing to $12 billion. Nonetheless, vigorous network activity and ETH’s rising status as a corporate reserve asset may ignite a breakout above the $5,000 threshold.Blockchains ranked by 7-day fees, USD. Source: NansenFees on the Ethereum network increased by…
Important Highlights:Bitcoin’s illiquid supply has reached a record 14.3 million BTC.Whales are absorbing nearly 300% of the annual mined BTC supply.The illiquid supply of Bitcoin (BTC), which consists of coins held long-term by individuals with minimal spending history, has achieved its highest level ever.According to data from market analytics firm Glassnode, Bitcoin’s illiquid supply has surged to an unprecedented 14.3 million BTC.Record Highs for Bitcoin’s Illiquid SupplyThe amount of BTC held by entities for over seven years without trading has increased by more than 422,430 coins since January 1, reaching a new peak of 14.3 million BTC on Friday.Related: Analysts…
Ki Young Ju, the CEO of CryptoQuant, has reignited discussions about potential market peaks with a fresh model that estimates Bitcoin’s upper limit to be around $208,000 per coin. In a post on X, he shared CryptoQuant’s “Price Prediction Based on Realized Cap” dashboard, stating: “Nobody pays attention to my predictions anymore, but I want to express my bullish stance on Bitcoin. We’re seeing excessive capital inflows on-chain. It’s quite significant.” This remark echoes his data-centric insights from early 2024, when he predicted that “#Bitcoin could hit $112K this year, with a worst-case scenario of $55K.” This forecast was remarkably…