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.
On December 18, the Bank of Japan raised its benchmark rate to 0.75%, marking the highest level since 1995.Governor Kazuo Ueda described this decision as a definitive shift away from the “ultra-accommodative” policies that have driven global risk appetite for decades.In response to this announcement, Bitcoin remained relatively stable near $87,800, though this calmness masks a significant underlying change.Market analysts remarked that the interest rate hike serves as a live assessment of the global funding landscape, especially the yen carry trade that has been quietly supporting leverage across various markets, from Nasdaq futures to crypto derivatives.With this in mind, the…
The Blockchain Association, a non-profit organization advocating for crypto, sent a letter to the US Senate Committee on Banking, signed by over 125 groups and companies in the crypto industry, opposing the ban on third-party service providers and platforms that offer customer rewards to stablecoin holders.Expanding the ban on stablecoin issuers sharing yield directly with customers, as outlined in the GENIUS stablecoin regulatory framework, to include third-party service providers hinders innovation and results in “greater market concentration,” the letter stated.The letter likened the rewards offered by crypto platforms to those provided by banks, credit card companies, and other traditional payment…
Today, on December 19, the crypto market saw a slight increase as investors capitalized on lower prices following the Bank of Japan’s interest rate increase and favorable consumer inflation data from the U.S. Summary A potential risk to the current crypto market rally has been raised by John Williams. He stated that he does not foresee the necessity for additional interest rate cuts in 2026. Additional risks include the bearish flag pattern and recent rate hikes from the Bank of Japan. The price of Bitcoin (BTC) increased to $88,000, with the total market capitalization of all cryptocurrencies reaching $2.97 trillion.…
On Friday, Bitcoin bulls are actively attempting to overcome the volatility of this week, which has limited any progress to approximately $90,000.
In light of the recent downward price trends, Citigroup’s 12-month forecast for bitcoin BTC$88,140.88 of $143,000 — indicating a potential increase of about 62% from the current price of $88,000 — is likely to generate interest.Citi analysts Alex Saunders, Dirk Willer, and Vinh Vo suggested, “We anticipate a rise in digital asset adoption, fueled by prospective U.S. legislation on digital assets expected in the second quarter, with bitcoin likely trading within the $80,000-$90,000 range as we move into the new year.”They highlighted the importance of the $70,000 mark as a critical support level, recalling that it was approximately bitcoin’s price…
The cryptocurrency markets faced another week of decline as investor activity gradually decreased ahead of the holiday season.Bitcoin (BTC) dropped more than 5% over the past week, hitting a weekly low of $84,398 on Thursday, before bouncing back to trade above $87,769 on Friday, according to TradingView data.Crypto market volatility continues to jeopardize the sustainability of digital asset treasury (DAT) companies, as their future relies on mitigating the fluctuations of the multiple-to-net-asset-value (mNAV) “roller coaster,” which makes these firms vulnerable to the value shifts of the tokens they hold, as stated by Solmate CEO Marco Santori.In the broader cryptocurrency landscape,…
Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange BitMEX, contended in a Substack essay released on Friday that the Federal Reserve’s new “reserve management purchases” (RMP) initiative is essentially a rebranded version of quantitative easing. Hayes maintains that by purchasing short-term Treasury bills and recycling liquidity through money markets, the Fed is, in fact, financing government expenditures while sidestepping the political stigma associated with quantitative easing, even as officials present the program as a technical liquidity operation. “The RMP is a thinly concealed method for the Fed to cash the government’s checks. This is highly inflationary from both…
Three former executives from FTX and its affiliates have received final penalties from the U.S. Securities and Exchange Commission as it closes enforcement actions linked to the exchange’s downfall, according to an SEC litigation notice issued on Friday.As ex-CEO Sam Bankman-Fried serves his federal prison sentence for fraud convictions, Caroline Ellison, former CEO of Alameda Research, is among those who have agreed to consent judgments to settle enforcement actions filed in 2022 and 2023, pending court approval. Others involved in the agreements include Zixiao “Gary” Wang, former CTO of FTX Trading, and Nishad Singh, former co-lead engineer at FTX.All of…
The on-chain analytics platform, Glassnode, has disclosed the amount of Bitcoin supply currently in the red. This comes as BTC continues to trade beneath the critical $90,000 threshold after a decline that started last month. The Quantity of Bitcoin Supply Experiencing Loss According to a report from Glassnode, the Bitcoin supply that is at a loss has climbed to 6.7 million BTC, marking the peak of loss-bearing supply seen in this cycle. The platform further emphasizes that this is equivalent to 23.7% of the circulating supply currently underwater. Of this, 10.2% is owned by long-term holders and 13.5% by short-term…
Key takeawaysRMJDT is a ringgit-pegged stablecoin aimed at facilitating payments and cross-border trade.Its treasury and validator framework is structured to enable on-chain settlement as a reliable infrastructure.Stablecoins are increasingly being subjected to licensing and reserve redemption regulations across Asia.There is a growing demand for tokenized settlement in local currencies, beyond just USD.RMJDT positions itself as a ringgit-pegged token associated with Johor’s Crown Prince. It was launched by his company, Bullish Aim, and is issued on Zetrix, a network linked to Malaysia’s national blockchain framework.The token is aimed at payment and cross-border trade settlement, supported by a 500 million Malaysian ringgit…