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.
JPMorgan Chase & Co. (JPM) has projected that the stablecoin supply may reach between $500 billion and $600 billion by 2028, which is significantly lower than some optimistic forecasts of $2 trillion to $4 trillion.The demand for stablecoins is still largely driven by developments in the crypto market rather than payments, according to the largest U.S. bank by assets.JPMorgan reported that the stablecoin market has expanded by approximately $100 billion this year, now totaling around $308 billion, primarily driven by Tether’s USDT and Circle’s (CRCL) USDC.Demand is chiefly fueled by crypto trading and collateral requirements within derivatives and decentralized finance…
DraftKings has released a new standalone application for real-money prediction markets, positioning itself as a key player in a sector that includes platforms like Polymarket and Robinhood’s event contracts.The new offering, named DraftKings Predictions, allows users to trade on the results of real-world occurrences, initially focusing on sports and finance, the company revealed on Friday.It is officially registered with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association, and will offer event contracts in 38 states.To enhance its offerings, DraftKings plans to integrate with exchanges such as CME Group and is set to incorporate Railbird Technologies, which…
In 2025, the Solana ecosystem experienced a whirlwind of activity centered around excitement, technology, and significant upgrades, making it one of the chain’s most remarkable years.The year kicked off with an explosive memecoin craze, where speculative enthusiasm ignited on-chain activities. This surge followed the late 2024 boom of BONK, which spurred memecoin activity as arbitrage traders chased the token airdrop distributed to all Solana mobile owners.This piece is part of CoinDesk’s Most Influential 2025 list.By early 2025, the memecoin phenomenon intensified further as a memecoin linked to U.S. President Donald Trump (TRUMP) flooded X and Solana’s trading platforms. This momentum,…
A recent report attributed to Fundstrat Global Advisors presents a bearish outlook for cryptocurrencies, contradicting Tom Lee’s latest public statements.Screenshots shared on X indicate that the document, seemingly Fundstrat’s internal strategy guidance for crypto in 2026, cautions about a “significant drawdown” expected in the first half of 2026. The report forecasts lower targets with Bitcoin (BTC) potentially dropping to $60,000–$65,000, Ether (ETH) falling to $1,800–$2,000, and Solana (SOL) decreasing to $50–$75 before possible buying opportunities arise later in the year.This material has not been publicly confirmed by Fundstrat, and Cointelegraph has not independently verified its authenticity at the time of…
In recent months, Strategy (formerly MicroStrategy), the largest publicly traded Bitcoin (BTC) treasury company, has become embroiled in a significant matter that may result in its removal from the Morgan Stanley Capital International (MSCI) index. This potential change presents substantial financial risks for the company and could also have wider ramifications for the cryptocurrency industry, with analysts predicting potential losses of up to $9 billion in demand for its shares. Industry-Wide Ramifications In October, MSCI suggested that firms holding digital assets that comprise 50% or more of their total assets should be excluded from its global benchmarks, claiming these firms…
Luke Dashjr, a veteran Bitcoin developer, is at the center of one of the most fervent debates in the cryptocurrency realm—defining the original blockchain network’s purpose.The introduction of the Ordinals protocol in 2023, which enabled a type of NFT minting on Bitcoin, followed by Runes a year later that allowed similar functions for fungible tokens, sparked a response from various stakeholders, notably Dashjr, who contends that these innovations clutter the Bitcoin network, diverting it from its foundational mission.This content is part of CoinDesk’s Most Influential 2025 list.Dashjr’s background includes resolving Bitcoin’s unintentional hard fork in 2013 and maintaining the alternative…
The interest rates for crypto lending are influenced by whether the APR is fixed or variable, the timing of interest accrual, and how closely borrowing costs relate to LTV, volatility, and actual capital utilization. Summary Fixed APR loans secure borrowing costs at a predetermined rate, typically higher to offset interest-rate risks, which may lead to inefficiencies if market conditions improve. Variable APR loans fluctuate based on demand for liquidity, collateral risk, and platform activity, commonly starting at a lower rate but potentially increasing during market volatility, necessitating proactive risk management. Platforms like Clapp utilize pay-as-you-use credit lines, only charging interest…
502 Bad Gateway
Citigroup, the Wall Street bank, has updated its coverage on digital-assets stocks to account for recent widespread declines in the crypto market, yet maintains a positive outlook on the sector. “Despite the recent volatility in tokens, we remain optimistic about digital assets stocks,” wrote analysts headed by Peter Christiansen in a report released on Friday. Circle Financial (CRCL), the issuer of the USDC stablecoin, continues to be Citi’s top choice, with the team affirming its $243 price target despite the significant recent decline to the current price of $83.60. Christiansen’s subsequent favorites include Bullish (BLSH) and Coinbase (COIN). “We believe…
The U.S. Federal Reserve took an initial step towards creating a more restricted version of its master accounts, seeking feedback on how the central bank may design “payment accounts” that allow access to its payment infrastructure without firms needing to navigate the complex requirements for more extensive services.The Fed announced in a statement on Friday that it is gathering information on how to fulfill incoming requests from businesses that use new technologies to more easily utilize services “specifically for the purpose of clearing and settling the institution’s payment activity,” according to a board memo on the proposal. The public will…