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.
The total number of cryptocurrency users might reach 4 billion by 2030, as per former hedge fund manager and crypto advocate Raoul Pal.In a recent X post, Pal provided data comparing the rate of crypto user adoption to that of internet users following innovations that achieved 5 million users.He analyzed the number of crypto wallets in relation to IP addresses.Source: Raoul PalPal highlights that the crypto user base has expanded by 137% annually over the past nine years, reaching 659 million users by the end of 2024. In comparison, the number of internet users reached 187 million by the end…
Open interest in contracts for the Trump family-affiliated World Liberty Financial token approached $1 billion just hours before a partial token unlock.During early trading on Monday, open interest for derivative contracts of the World Liberty Financial (WLFI) token came close to $950 million before settling at $887 million, which is still a 45% increase over the past 24 hours, according to CoinGlass.The trading volume for WLFI derivatives surged over 535% in the last day to reach $4.54 billion, making it the fifth-most traded crypto derivative in the past 24 hours.Currently, the token trades at approximately 34 cents on most exchanges,…
Open interest in contracts for the World Liberty Financial token, associated with the Trump family, approached $1 billion just hours prior to a partial token unlock.On Monday morning, open interest in derivative contracts for the World Liberty Financial (WLFI) token reached nearly $950 million, before settling at $887 million, still showcasing a 45% increase over the past 24 hours, according to CoinGlass.The trading volume for WLFI derivatives surged over 535% in the last day, hitting $4.54 billion, making it the fifth-most actively traded crypto derivative within that period.Currently, the token trades at approximately 34 cents across most exchanges, down from…
The value of gold reached a record peak after comments from US President Donald Trump regarding inflation on his social media platform, while Bitcoin experienced a downturn on Monday, exemplifying what some might call Bitcoin’s “split personality.”According to IG market analyst Tony Sycamore, there has been a notable correlation between gold, Bitcoin, and the Nasdaq over the past two and a half years, with all three assets experiencing significant gains, as reported by Cointelegraph.“Recently, however, the correlation between gold and Bitcoin has weakened, which is not unusual for brief periods and is attributed to Bitcoin’s split personality.”“At times, Bitcoin is…
News BackgroundXRP fell by 4%, dropping from $2.85 to $2.75 in the 24 hours ending Sept. 1 at 02:00, moving within a $0.12 (4%) range.Market instability was worsened by institutional liquidation flows amounting to $1.9B since July, leading to concerns of cyclical exhaustion.Conversely, whales accumulated 340M XRP in the last two weeks, showcasing opposing actions between large holders and short-term liquidators.The seasonal nature of September and ongoing regulatory pressure in the U.S. increase caution: historically, crypto markets have struggled in September, while pending SEC actions leave institutions hesitant.On-chain data indicates increased activity on the XRP Ledger, with symmetrical-triangle patterns reminiscent…
Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, predicts that the number of crypto users could reach 4 billion by 2030.In a recent X post, Pal shared insights comparing the growth of crypto users to that of internet users after each innovation saw an increase of 5 million users.He analyzed the trend by examining the count of crypto wallets versus the total number of IP addresses.Source: Raoul PalPal notes that the crypto user base has seen a growth of 137% annually over the past nine years, reaching 659 million users by the end of 2024.…
After reaching a new all-time high last month, Bitcoin’s price has since declined by over 10%, dropping below $110,000 once again. This bearish trend has persisted into the new month, with continuous sell-offs as investors aim to secure their profits. Despite predictions of a potential bottom, a crypto analyst warns that the Bitcoin downturn is far from finished. According to the analysis, the decline may just be beginning, with Bitcoin expected to fall even further. Why A Crash To $93,000 Is Imminent In the analysis, crypto analyst MMBTtrader recognizes that Bitcoin’s price is experiencing significant pressure. This is evident as…
Sonic Labs, the team responsible for the layer-1 Sonic blockchain, has received approval to issue $200 million worth of its S tokens, aimed at entering the US capital markets, which includes plans for a proposed exchange-traded product and an investment vehicle listed on Nasdaq.The voting concluded on Sunday, securing 99.99% approval from Sonic (S) tokens across 105 wallets. The proposal also achieved the necessary quorum of 700 million participating S tokens.The company intends to allocate $100 million in S tokens to establish a strategic reserve for a Nasdaq PIPE (Private Investment in Public Equity) vehicle, with another $50 million earmarked…
Sonic Labs, the creators of the Sonic layer-1 blockchain, have received approval to issue $200 million in S tokens to enter the US capital markets, which includes plans for a proposed exchange-traded product and an investment vehicle listed on Nasdaq.The voting concluded on Sunday, with 99.99% of Sonic (S) tokens from 105 wallets supporting the proposal. It also achieved the required quorum of 700 million S tokens participating in the voting process.The firm intends to allocate $100 million in S tokens to establish a strategic reserve for a Nasdaq PIPE (Private Investment in Public Equity) vehicle and $50 million for…
The “Bitcoin OG” that started shifting its $11.4 billion fortune to Ether in August continued its buying spree over the weekend, now holding $3.8 billion in ETH, according to on-chain data.In a recent transaction, the Bitcoin whale sold 4,000 Bitcoin (BTC) valued at $435 million, swapping it for 96,859 spot Ether during a 12-hour buying frenzy, Lookonchain reported in a post on Sunday.The whale subsequently deposited an additional 1,000 Bitcoin into the decentralized exchange Hyperliquid on Monday, possibly for further Ether (ETH) acquisitions.The blockchain analytics platform first identified the whale on Aug. 25 and estimated its total Bitcoin holdings at…