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.
Summary M0 secured $40 million in Series B investment. The company differentiates stablecoin reserve management from its programmability. M0 is facilitating the launch of MetaMask’s mUSD stablecoin. Based in Switzerland, the stablecoin platform M0 has raised $40 million in Series B funding to redefine the dynamics between token issuers and blockchain developers, as outlined in a Thursday press release.This funding round attracted investors like Polychain Capital, Ribbit Capital, and the Endeavor Catalyst fund, along with current backers such as Pantera and Bain Capital Crypto. Since its founding in 2023, M0 has raised a total of $100 million.This development aligns with…
On Thursday, the U.S. Commodities Futures Trading Commission released new guidance for foreign firms, offering them a legal pathway to operate in the U.S.The regulator detailed in a blog post that the updated guidance on foreign board of trade registration will apply to both traditional and cryptocurrency markets.Acting CFTC Chair Caroline D. Pham stated that this move aims to clarify regulatory uncertainty characterized by “regulation through enforcement” in recent years, a strategy criticized in the crypto industry under former SEC Chair Gary Gensler during President Biden’s administration.“Companies in the U.S. that had to operate in foreign jurisdictions for crypto trading…
Summary China aims for 70% AI adoption by 2027 and 90% by 2030. The initiative requires AI integration in various sectors including industry, governance, and public services. This strategy highlights Beijing’s focus on surpassing Western competition in AI. China is set to achieve a 70% AI technology adoption rate in the next few years, allowing its citizens to utilize “next-generation smart devices, intelligent agents, and more” by 2027, according to a State Council directive detailing the country’s most ambitious AI goals to date.The policy aims to “transform production and daily life” and “enable a significant leap in productivity,” requiring AI…
The opposition parties in Argentina have reignited a stalled investigation into President Javier Milei’s involvement in the LIBRA scandal, capitalizing on fresh corruption claims that have unsettled the government shortly before the elections in October.The commission, originally established in April but hindered by bureaucratic and congressional obstacles, was reactivated on August 28 after leaked audio implicated Milei and his sister Karina in a different bribery operation.The recordings, belonging to former presidential attorney and government official Diego Spagnuolo, included allegations of cash-for-favors transactions. Spagnuolo later confirmed the authenticity of the recordings.Public outrage drives investigationThis scandal has sparked a surge of public…
Key takeaways:A bullish formation on the ETH chart suggests a rise to $10,000, with $5,000 as the key resistance point. Experts emphasize that short-term fluctuations may occur before ETH enters a prolonged bullish expansion phase.A rise to $5,100 could lead to $5 billion in short position liquidations. Ether (ETH) is displaying optimistic technical indicators, with crypto analyst Jelle highlighting a “megaphone pattern” on the weekly chart aiming for the $10,000 target.The megaphone, also recognized as a broadening formation, indicates widening price movements with sequentially higher highs and lower lows. A confirmed breakout above resistance can often trigger significant rallies, although…
Venture investors have invested nearly $100 million in stablecoin startups, supporting new infrastructure for programmable money.M0, a Switzerland-based platform enabling developers to create custom stablecoins, announced a $40 million Series B round on Thursday, led by Polychain Capital and Ribbit Capital. Founded in 2023, the company has partnered with projects like MetaMask and Playtron to integrate its infrastructure into consumer apps.Another stablecoin infrastructure raise came from Rain, a US startup creating tools for banks to issue regulated stablecoins. The company secured $58 million in a Series B funding round led by Sapphire Ventures, with support from Dragonfly, Galaxy Ventures, and…
Ethereum exchange-traded funds (ETFs) listed in the US maintained their upward trend on August 27, attracting $307.2 million in new investments. Data from SoSo Value indicates that BlackRock’s ETHA was the primary driver, bringing in $262.23 million, which accounts for nearly 85% of the day’s total inflows. Fidelity’s FETH and Grayscale’s ETH contributed $20.52 million and $15.05 million, respectively, while Grayscale’s ETHE and VanEck’s VETH added smaller amounts of $5.65 million and $3.35 million. This inflow marks the fifth consecutive day of gains for the nine products. Over this five-day period, spot Ethereum ETFs have gathered around $1.83 billion in…
Main Points:A bullish trend on the ETH chart forecasts a surge to $10,000, with $5,000 identified as the key resistance level.Experts indicate that short-term fluctuations may occur prior to ETH entering a multi-year upward phase.A rise to $5,100 could trigger approximately $5 billion in liquidations of short positions.Ether (ETH) is currently showing bullish technical indicators, with crypto analyst Jelle noting a “megaphone pattern” on the weekly chart targeting $10,000.This megaphone, or broadening formation, depicts expanding price movements with progressively higher highs and lower lows. A confirmed breakout above resistance typically leads to significant rallies, though the structure may also turn…
Solana’s DeFi ecosystem has experienced remarkable growth, approaching historic highs, yet SOL remains behind in performance. Summary Solana’s DeFi total value locked (TVL) stands at $11.725 billion, nearing its peak from January Despite this, the price of SOL lags significantly, far from the January all-time high DeFi indicators imply that SOL may continue to fall behind its DeFi ecosystem Solana (SOL) is drawing near-record levels of investment, yet its price is not reflecting this trend. As of Thursday, August 28, the overall DeFi value locked on Solana hit $11.725 billion, close to the record levels seen in January. Concurrently, the…
In brief Publicly traded real estate asset management firm Caliber is launching a treasury focused on Chainlink. The company plans to utilize cash reserves alongside current capital access to purchase LINK tokens. Shares of CWD surged nearly 60% on Thursday as LINK’s price increased by 2.5%. Caliber, a publicly listed real estate asset management firm, experienced a significant rise in its stock price after disclosing its strategy to adopt a treasury focusing on Chainlink (LINK).The strategy has been sanctioned by the firm’s board, allowing them to dedicate a segment of their treasury to LINK acquisition, which serves as the backbone…