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 of the content while keeping the HTML tags intact: Summary Webull has introduced crypto trading for users in Australia, providing access to 240 digital assets with a 30 basis point spread via Coinbase Prime. Analysts indicate that Australian exchanges impose spreads that are double those of their international counterparts for major cryptocurrencies such as Bitcoin and Ethereum. This launch follows Webull’s announcement on Monday regarding the resumption of U.S. crypto trading after halting operations in 2023 during its IPO process. On Wednesday, U.S. trading application Webull began offering crypto services to Australian users, presenting hundreds…
According to recent data from Bloomberg Intelligence, investment advisers are the largest identifiable group outside of retail acquiring Bitcoin and Ether exchange-traded funds.James Seyffart, a Bloomberg ETF analyst, stated in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, having invested over $1.3 billion or 539,000 Ether (ETH) in Q2 — a 68% increase compared to the previous quarter.Source: James SeyffartA similar trend was observed in US spot Bitcoin ETFs. On Monday, Seyffart mentioned that “advisers are by far the biggest holders now,” with over $17 billion of exposure in 161,000 Bitcoin (BTC).In…
Cronos, the cryptocurrency governed by the Crypto.com-supported Cronos Chain, reached multi-year highs following the announcement of the Trump Media Group CRO Strategy launch.On Tuesday, the Trump Media and Technology Group revealed a joint $6.4 billion Cronos treasury launch in collaboration with Crypto.com and Yorkville Acquisition.Cronos (CRO) soared 25% to $0.20 shortly after the news broke, climbing further to over $0.23 on Wednesday, marking its highest point since May 2022, according to CoinGecko data.The announcement elicited mixed reactions from the community, with some CRO holders feeling optimistic while others voiced skepticism regarding the impact of political figures.Trump Media’s CRO holdings stand…
Hut 8 intends to establish four major infrastructure sites throughout the U.S., enhancing 1,530 megawatts (MW) of capacity as part of its initiative to expand beyond bitcoin mining into a wider range of digital infrastructure. This article is sourced from Theminermag, a trade publication dedicated to the cryptocurrency mining sector, highlighting the latest developments and research on institutional bitcoin […]
Key takeaways: Retail traders are actively purchasing BTC during price dips in both spot and futures markets, yet larger investors’ net selling is hindering a significant price recovery.The likelihood of another liquidation cascade down to $105,000 appears reduced, but investor sentiment does not align with the trends reflected in various cumulative volume data cohorts.Bitcoin (BTC) and Ether (ETH) are making attempts to regain the price levels each cryptocurrency lost during the steep sell-off that occurred from Saturday to Monday. Bitcoin’s price has increased by just 2.4% from its low of $108,665, while ETH has shown better performance, rising 8.26% to…
Law firm Fenwick & West has denied accusations from an updated class-action lawsuit alleging it was central to the crypto exchange’s fraud and eventual collapse.Earlier this month, FTX users asked to update their suit against Fenwick, first filed in 2023, claiming new information from a bankruptcy and criminal case shared evidence that the law firm “played a key and crucial role in the most important aspects of why and how the FTX fraud was accomplished.”Fenwick told a Florida federal judge in a filing on Monday that the court should deny FTX users’ request to update a suit against the firm,…
The price of Dogecoin is currently in a technical bear market, having decreased by 55% since reaching its peak in November of last year. Technical indicators and derivatives data suggest further declines may be expected in the upcoming days. Summary The future of Dogecoin prices appears uncertain as demand in the futures market diminishes. Open interest in futures has declined nearly 40% from its peak in July. A bearish pennant pattern has emerged for DOGE on the three-day chart. As of August 27, Dogecoin (DOGE) was trading at $0.2200, continuing to lag behind major cryptocurrencies like Ethereum (ETH) and Bitcoin…
Main points Bitcoin briefly rose above $112k on Wednesday, gaining over 1%. Traders are hopeful that BTC will soon retake the $117k resistance level. BTC surpasses $111k as market outlook brightens After a challenging start to the week, with BTC falling below $110k on Monday, market sentiment improved on Wednesday as Bitcoin surged past $112k. Currently, BTC trades at $111,907 and could rise further with the positive market sentiment. August saw BTC reach a new all-time high, but it has faced challenges since then. Analysts are now turning their attention to September and its potential impact on the primary cryptocurrency.…
Crypto funds and market makers are acquiring tokens at significant discounts through private over-the-counter transactions and hedging with short positions, securing double-digit returns while retail traders absorb the risks.Venture capitalists, funds, and market makers can usually obtain allocations at about a 30% discount with three- to four-month vesting periods, then hedge by shorting the same amount on perpetual futures markets, as noted by Jelle Buth, co-founder of market maker Enflux.This arrangement essentially assures profits that can reach annualized rates of 60%-120%, irrespective of token price fluctuations.Buth mentioned that Enflux also engages in these transactions, calling them a common strategy for…
Ethereum’s value has begun a new decline from the $4,630 mark. ETH is indicating bearish trends and may drop further below $4,460. Ethereum is having difficulty stabilizing above the $4,630 mark. The price is currently below $4,580 and the 100-hourly Simple Moving Average. A break occurred below a rising channel with support at $4,600 on the hourly ETH/USD chart (data feed via Kraken). The pair could initiate another rise unless it closes below $4,460 soon. Ethereum Price Encounters Challenges Ethereum’s price has begun a downward correction and reached the $4,310 mark, mirroring Bitcoin’s trend. ETH found support and recently initiated…