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.
Over 51,000 traders faced losses from Kanye West’s newly launched memecoin, revealing the risks associated with trading celebrity-endorsed tokens that lack inherent technological value.The YZY token, connected to Kanye West, debuted on the Solana blockchain on August 21. It surged by 1,400% within just the first hour before plummeting by over 80%.Among the 70,200 traders who invested in this celebrity-backed token, over 51,800 reported losses, with three traders losing more than $1 million, as per data from blockchain platform Bubblemaps.“Meanwhile, 11 wallets made over $1 million,” noted Bubblemaps in a post on Wednesday X post.In the midst of widespread losses,…
Securing a job in the crypto sector is arguably tougher than ever. The surge of AI has siphoned away once abundant venture capital, and as the industry matures, crypto firms are becoming increasingly selective.A recent summer internship program at Coinbase accepted only 0.3% of applicants, as highlighted by Coinbase CEO Brian Armstrong, illustrating the stark contrast between interest and available positions.Raman Shalupau, founder of CryptoJobsList, and researcher Stefi Kiemeney informed Cointelegraph that many job listings now attract over 200 applicants for a single role.So, how can applicants stand out? What mistakes are common among those seeking jobs in crypto?Cointelegraph consulted…
The top 10 highest-earning crypto protocols amassed $1.2 billion in revenue over the 30 days ending Aug. 28, marking a 9.3% rise from the previous month’s total of $1.1 billion, according to DefiLlama data.Ethena topped the percentage increases with a remarkable 243% revenue spike, surging from $9.46 million to $32.48 million, as its synthetic dollar USDe gained market share from traditional stablecoins.This protocol’s revenue growth of $23 million was the second-largest absolute increase among the apps tracked.Pump.fun saw the second-highest percentage growth at 79%, with revenue rising from $22.55 million to $40.39 million.The Solana-based memecoin launchpad benefited from ongoing speculation…
Summary 21Shares has submitted a filing to the SEC for the inaugural SEI ETF that will track the Sei blockchain token, offering potential staking rewards for enhanced yield. This application is part of a larger trend of altcoin ETF filings as fund managers look beyond Bitcoin and Ethereum. In May, Canary Capital filed a similar application for an SEI ETF. The asset management firm 21Shares has put forth a filing with the SEC to establish an exchange-traded fund that tracks the primary token of the Sei blockchain.The proposed 21Shares SEI ETF aims to give investors exposure to SEI while enabling…
Spot Bitcoin exchange-traded funds (ETFs) based in the United States have become a significant contributor to daily trading volumes as institutional investors show increasing interest in cryptocurrency.“Bitcoin spot trading volumes via US-based ETFs have become an essential avenue for investor exposure to Bitcoin,” noted Julio Moreno, head of research at CryptoQuant, a blockchain analytics firm, on Thursday.US spot Bitcoin (BTC) ETFs typically generate between $5 billion and $10 billion in daily volume during active trading days, occasionally exceeding most cryptocurrency exchanges, which “reflects rising institutional interest,” he remarked.Binance maintains lead in spot trading volumeNevertheless, the largest cryptocurrency exchange globally, Binance,…
Asia-centered Tiger Research has established a Q3 price prediction of $190,000 for bitcoin (BTC), contending that unprecedented global liquidity, structural ETF demand, and updated 401(k) access create the market’s most favorable conditions since 2021. Tiger’s model identifies a “base price” of $135,000, adding multipliers for fundamentals (+3.5%) and macro conditions (+35%) to achieve the $190,000 estimate — reflecting a 67% increase from this week’s average of $113,000. The report emphasizes three main drivers: the M2 money supply surpassing $90 trillion, ETF and corporate acquisition now making up 6% of bitcoin’s total supply, and new regulatory approvals allowing U.S. retirement accounts…
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Summary Ethereum increased by 17% in the last month, while Bitcoin declined by 5.5%. ETH ETFs have seen $1.2 billion in inflows following outflows in mid-August. Solana rose 7% during the same timeframe amid increased DEX trading volumes, despite facing declines in DEX trader numbers. Ethereum’s capacity to attract institutional interest and funding is supporting market sentiment, even as the broader crypto landscape shifts in late-summer trading.Over the past 30 days, the second-largest cryptocurrency has increased by more than 17%, contrasting with Bitcoin’s negative return of 5.5%, according to CoinGecko data.This follows an impressive run earlier this week, where Ethereum…
21Shares, a Swiss-based cryptocurrency investment firm, has submitted an S-1 registration with the SEC to launch the 21Shares SEI ETF, a passive fund designed to track the CF SEI-Dollar Index. Should regulatory circumstances allow, the fund may potentially incorporate staking rewards. In the short term, SEI’s price has reacted positively, with technical sentiment indicating a rebound from support levels. Fund Will Provide SEI’s Staking Rewards As outlined in the SEC Filing S-1, the 21Shares SEI (SEI) ETF aims to passively track the CF SEI-Dollar Reference Rate (New York Variant) from CF Benchmarks. The ETF will not employ leverage or derivatives;…
Welcome to the Asia Pacific Morning Brief—your crucial roundup of overnight crypto developments influencing regional markets and global sentiment. Pour yourself a green tea and stay tuned. Chinese fintech Linklogis integrates into XRPL’s growing ecosystem, while lawmakers in the Philippines push for blockchain transparency initiatives. Overall, APAC’s government adoption of crypto is accelerating with strategic Bitcoin reserves and on-chain budget systems. Chinese Fintech Linklogis Joins XRPL’s Expanding RWA Ecosystem Linklogis launches trade finance applications on the XRP Ledger mainnet. This partnership aims to expedite cross-border settlements for global trade and effectively tokenize supply chain real-world assets. XRPL’s tokenized RWA volume…