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.
Sure! Here’s a rewritten version while keeping the HTML tags intact: A senator from the Philippines has introduced a plan to publish the national budget on-chain, allowing residents to track government spending. Summary Senator Bam Aquino advocates for the on-chain publication of the national budget. The Department of Budget and Management has already rolled out a blockchain platform for publishing select financial documents. Paolo Benigno “Bam” Aquino IV, known as Bam Aquino, spoke at the Manila Tech Summit on Wednesday, advocating for greater transparency in public finance through a groundbreaking blockchain budget initiative. “No one is crazy enough to record…
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Summary Thaksin convened with cryptocurrency investors in Bangkok to explore making Thailand ASEAN’s central treasury for digital assets. The initiative is backed by Metaplanet, UTXO, and various global companies, as indicated by documents from the meeting analyzed by Decrypt. Proponents believe the plan could enhance economic resilience and growth considering Thailand’s current economic challenges. Former Thai Prime Minister Thaksin Shinawatra engaged with digital asset investors in Bangkok on Tuesday to propose establishing Thailand as a key player in digital assets.Shinawatra also supports creating a national strategic reserve to bolster the long-term “resilience of Thailand’s financial system and economy,” according to…
Summary According to Dune data, Solana’s daily DEX trader count has decreased to 900,000 from 4.8 million earlier this year. Retail participation is dwindling due to meme coin scams, Instagram hacks, and Ethereum’s increasing dominance. In August, Solana’s DEX volume share improved to 27%, although some experts caution that its dependence on meme coins might impede future growth. Solana-based decentralized exchanges are seeing retail traders shift away, with August marking a continued year-long decline due to ongoing concerns about meme coin-related scams.The daily DEX trader figure has dropped significantly from 4.8 million at the year’s onset to just 900,000 in…
The U.S. Commodity Futures Trading Commission (CFTC) will adopt Nasdaq’s surveillance system to enhance oversight of digital asset and derivatives trading.The agency announced this update on August 27, emphasizing that it replaces outdated monitoring tools from the 1990s with technology suited for modern, around-the-clock markets.Reasons for CFTC’s UpgradeThe regulator oversees a range of markets, including commodities, currencies, crypto, and event contracts.However, the recent expansion of these markets and changes, such as round-the-clock trading, have heightened the potential for abuse and manipulation.As a response, the CFTC stated that the evolving landscape necessitates tools capable of managing increased volumes and more intricate…
Cathie Wood’s ARK Invest has purchased an additional $15.6 million in shares of Bitmine Immersion Technologies (BMNR), raising its total investment in the company to over $300 million.On Wednesday, ARK Invest acquired the shares across its three funds, with ARK Innovation ETF (ARKK) acquiring 227,569 shares, followed by ARK Next Generation Internet ETF (ARKW) with 70,991 shares, and ARK Fintech Innovation ETF (ARKF), which purchased 40,553 shares.Source: Ark Invest TrackerARK Invest’s holdings in Bitmine, which can also be interpreted as a wager on Ether, now approach half of its investment in Coinbase.The firm currently holds nearly $676 million in COIN…
Aave Labs has introduced Horizon, an innovative lending platform enabling institutions to secure stablecoins using real-world assets as collateral. Summary Aave Labs has unveiled Horizon, a lending market where institutions can borrow stablecoins against tokenized real-world assets. Currently, Horizon accepts collateral from Superstate, Circle, and Centrifuge, offering stablecoin options like USDC, RLUSD, and GHO. The platform features compliance measures, real-time RWA valuations, and strategic partnerships with institutions. The platform was launched on Aug. 27, signifying one of Aave’s (AAVE) most significant advancements in connecting institutional finance with decentralized finance. While tokenized RWAs have emerged as a bridge between blockchain and…
Pi Network (PI) is now at a critical juncture with the launch of Pi Node Linux and the forthcoming protocol upgrade to version 23. However, Pi Coin is trading only a few percentage points above its all-time low, leading investors to feel both anxious and optimistic about a potential rebound. Infrastructure Version Upgrades Pi Network has officially launched a Linux Node and intends to upgrade the protocol from version 19 to 23. “An upcoming rollout of protocol upgrades will commence with Testnet1 this week and continue with Testnet2 and Mainnet upgrades over the following weeks, which may necessitate planned outages…
Key takeaways:ETH aims for a record monthly close, paving the way for potential year-end gains.Historically, August’s average 60% gains have preceded December’s rallies, despite some dips in September.The monthly MACD has turned bullish, mirroring previous signals that led to significant uptrends.Ethereum’s native token, Ether (ETH), is poised for its highest monthly close, surpassing the current record of approximately $4,955.ETH/USD monthly performance chart. Source: TradingViewThis movement could unlock as much as 60% more upside by year-end.Ether typically gains 60% after a successful AugustWhen ETH closes August positively, the subsequent months have generally yielded about 60% average returns.In August 2017, a 92.9%…
Spot Ether exchange-traded funds are experiencing a surge in demand in the US, with inflows exceeding tenfold compared to their spot Bitcoin counterparts over the last five trading days. Since August 21, spot Ether ETFs have garnered an impressive $1.83 billion in inflows, while Bitcoin funds attracted only a fraction, totaling $171 million, according to CoinGlass. The trend continued on the latest trading day Wednesday, with nine Ether (ETH) funds achieving inflows of $310.3 million, contrasting with the 11 spot Bitcoin (BTC) funds that saw just $81.1 million. This week, Ether has outperformed Bitcoin, with ETH prices rising by 5%…