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.
Bullish (BLSH) shares jumped 5% to $53.12 on Tuesday after the crypto platform obtained a BitLicense from the New York State Department of Financial Services. This key regulatory approval enables it to offer spot trading and custody services to institutional clients in New York.With this license, Bullish’s U.S. subsidiary — Bullish US Operations LLC — can now legally cater to advanced traders in the financial hub of the U.S., marking a significant milestone in the company’s goal to grow domestically. Previously, Bullish had regulatory approval only in Germany, Hong Kong, and Gibraltar. Bullish’s global parent company is also CoinDesk’s parent.This…
Greetings from The Protocol, CoinDesk's weekly roundup of key developments in cryptocurrency technology. I’m Margaux Nijkerk, a reporter at CoinDesk.In this edition:Ethereum Confronts Validator Backlog with 2.5M ETH Pending ExitDo Layer 2s Represent the Future of Ethereum’s DeFi? Liquidity and Innovation Suggest YesEthereum Foundation Launches New AI Team for Agentic Payments SupportAmerican Express Unveils Blockchain-Based ‘Travel Stamps’Unknown block type "divider", specify a component for it in the components.types optionNetwork NewsETHEREUM VALIDATOR EXIT QUEUE EXPERIENCING BACKLOG: Ethereum’s proof-of-stake mechanism is under its greatest strain yet. As of mid-September, approximately 2.5 million ETH — roughly valued at $11.25 billion — is waiting…
HBAR remained largely within a tight range over the past 23 hours, fluctuating between $0.23 and $0.24, reflecting a mere 2% volatility. It briefly achieved session highs at $0.24 on Sept. 16 around 18:00 UTC, before retreating and consistently finding support near $0.23. Several attempts to rebound from this level during the morning trading on Sept. 17 indicated a potential price floor, although the conviction was limited.Market activity dwindled alongside the price movement. Trading volumes progressively decreased after an initial spike, highlighting reduced participation and implying that bullish momentum has mostly subsided. The limited trading range and low volatility amplified…
Forward Industries (FORD), a publicly-traded design and manufacturing company, has announced a $4 billion at-the-market (ATM) equity offering program with the SEC as it builds out a Solana (SOL) treasury.The proceeds will be allocated for working capital, business expansion, and increasing its SOL holdings, according to a Wednesday announcement. This offering allows Forward to sell new shares gradually through Cantor Fitzgerald, the appointed agent for the program.This move follows Forward’s recent completion of what it claims to be the largest Solana-focused treasury raise to date. The company has already secured over 6.8 million SOL as part of a $1.65 billion…
As of 14:04 UTC on Sept. 17, Bitcoin was priced at $116,236, reflecting a roughly 1% increase over the last 24 hours while remaining above a crucial threshold as traders await the Federal Reserve’s policy announcement. Analysts’ Insights Dean Crypto Trades observed on X that Bitcoin sits about 7% above its local peak following the election, whereas the S&P 500 has gained 9% and gold has skyrocketed 36% in the same timeframe. He suggested that Bitcoin has tightened more than these assets, making it likely to lead the next significant movement, even though it might initially create a “lower high”…
Major Exit of Korean Investors from Tesla Korean retail investors have significantly supported Tesla in past years, driving its stock market growth. In August 2025, they withdrew an unprecedented $657 million from Tesla stock, marking the highest monthly outflow in over two years. The investment withdrawal includes leveraged products associated with Tesla, such as the 2x leveraged ETF, TSLL, which faced outflows of $554 million in August 2025, the highest since early 2024. This sell-off by retail investors, once key to Tesla’s growth, indicates a notable drop in enthusiasm. It highlights a shift in investor confidence, signaling waning trust in…
The Layer-1 network Mavryk has announced a $10 million strategic investment led by financial derivatives provider MultiBank Group, aimed at enhancing its tokenization of real-world assets (RWA).Mavryk Network and MultiBank are already collaborating to tokenize over $10 billion in real estate across the United Arab Emirates using MultiBank’s RWA platform.According to an emailed announcement made on Wednesday, both companies intend to increase access to premium investments like real estate.This initiative is further backed by the prominent digital asset custody provider Fireblocks, which offers multiparty computation wallets to secure the tokenized assets on Mavryk’s network. This system enables investors to trade…
A new wave of institutional cryptocurrency adoption is surfacing as well-established fintech companies embark on creating their own blockchains. Recently, financial services app Robinhood unveiled plans to develop a layer-2 blockchain aimed at supporting tokenized stocks and real-world assets. Following suit, Stripe announced Tempo, a payments-oriented chain developed in collaboration with Paradigm. “This is just the start of what’s to come,” Annabelle Huang, co-founder of Altius Labs, shared with Cointelegraph in an interview. “Fintechs in Asia, Latin America, and other emerging markets, which have explored this for years, are also preparing for significant advancements.” Stripe and Robinhood’s blockchains are initiating…
The next phase of institutional cryptocurrency adoption is unfolding as established fintech companies begin to create their own blockchains.Financial services application Robinhood has recently revealed plans to establish its own layer-2 blockchain to facilitate tokenized stocks and real-world assets, while Stripe followed with intentions for Tempo, a payments-centric chain built in collaboration with Paradigm.“This marks the beginning of many more to follow,” Annabelle Huang, co-founder of Altius Labs, shared with Cointelegraph during an interview. “Fintech firms in Asia, Latin America, and other emerging markets, which have been exploring this for years, are also gearing up for significant moves.”Robinhood and Stripe’s…
Key takeaways:The Ether unstaking queue has hit an unprecedented $12 billion, with a wait time of 44 days.Strategic reserves and ETF holdings have surged by 116% since July 1, easing concerns about a potential ETH sell-off.The quantity of Ether (ETH) awaiting unstaking has reached record levels, as investors seem eager to realize yearly profits.Ether’s exit queue reaches a record $12B ETHLast week, Ethereum’s exit queue exceeded 2.6 million ETH, equivalent to $12 billion, with a wait time of 44 days.This noted the highest volume of Ether ever queued for withdrawal by the network’s validators, essential for adding new blocks and…