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.
Bitcoin (BTC) is approaching the $90,000 mark as US inflation data showed a larger-than-expected decrease, with the November CPI reported at 2.7% year-over-year, compared to the anticipated 3.1%. This lower figure narrows the distance to the Federal Reserve’s 2% target, alleviating near-term inflation pressures and boosting market risk appetite.Key takeaways:The surprising CPI data elicited a favorable response from Bitcoin, leading to new positions being established rather than the typical short covering.On-chain data indicates a “balance-sheet” recovery and loss absorption for BTC, rather than capitulation.CPI report drives BTC price as positions are rebuilt near $90,000Crypto trader Back notes that Bitcoin’s surge…
Representatives from the Bitcoin Policy Institute (BPI), a nonprofit organization advocating for Bitcoin, cautioned that US lawmakers have not included a de minimis tax exemption for Bitcoin transactions under a certain amount.“De Minimis tax legislation may be limited solely to stablecoins, leaving everyday Bitcoin transactions without any exemption,” Conner Brown, BPI’s head of strategy, stated on X, indicating that the choice to exclude Bitcoin (BTC) is a “serious error.”In July, Wyoming Senator Cynthia Lummis introduced a bill that proposed a de minimis tax exemption for cryptocurrency transactions of $300 or less, with a $5,000 annual cap on tax-free transactions and…
This week, discussions have emerged on social media after a well-known XRP commentator cautioned that critics may be underestimating the token’s future significance in the financial sector. Related Reading A post by user UnknowDLT on X highlighted that XRP’s role in global payment systems was “established over a decade ago,” suggesting that the token might eventually become “the world’s most valuable asset,” a statement that has ignited both conversation and skepticism. Community Voice Grows Stronger Members of the XRP community have consistently claimed that market valuations overlook larger trends. Reports from notable community figures argue that the short-term trading fluctuations…
DOT$1.7886 declined 2% to $1.77 within the past 24 hours.Trading volume increased by 35% compared to its 30-day average, per CoinDesk Research’s technical analysis model.The most significant movement occurred during a sharp intraday drop that tested key support levels. The model indicated that DOT fell from $1.85 to $1.76 on notable volume of 8.81 million.This represented 236% above the 24-hour simple moving average, according to the evaluation.The token then swiftly rebounded back to $1.80. This price movement confirmed robust institutional support at the $1.76 psychological threshold, the model noted.DOT lagged behind the broader cryptocurrency markets. The CoinDesk 20 index, a…
A statistical illusion briefly persuaded the crypto market this week that mid-sized whales had accrued approximately $5 billion worth of Bitcoin.Over the past week, social media channels overflowed with graphs indicating that around 54,000 Bitcoins were migrating into “shark” wallets, which are accounts holding between 100 and 1,000 coins.This led many industry figures to interpret this as a sign that aggressive BTC accumulation was underway, expecting a breakout soon.Interestingly, this narrative gained traction as Bitcoin neared $90,000 on Dec. 17, fueled by perceived institutional demand.However, CryptoSlate’s analysis of blockchain data indicates that this demand was illusory. The “acquired” coins did…
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Taiwan’s Ministry of Justice has revealed that the government possesses over 210 bitcoin obtained through criminal investigations, positioning the island among the top global government holders of the asset by volume. This information, verified by legislator Ko Ju-chun, indicates that judicial authorities held 210.45 BTC as of October 31. At current market values, this BTC is approximately worth $18 million. According to data from Bitcoin Treasuries, this ranks Taiwan as the 10th-largest government holder of BTC worldwide. Ko stated that the information was made public in response to a legislative inquiry and shared an image documenting the total amount held…
ICP$2.9922 rose approximately 2.2% over the last 24 hours, trading around $3.01, successfully reclaiming the $3 mark after several sessions of consolidation just below that point. This movement reflects a persistent recovery for the token, with price actions indicating a steady pattern of higher lows, according to technical analysis data provided by CoinDesk Research.The surge above $3 occurred after ICP maintained support around the $2.90–$2.95 range, where trading activity intensified. Volume increased during this upward move, though it didn’t reach the substantial levels typically associated with strong breakout momentum, indicating that the shift was likely driven by gradual positioning rather…
Analyst Kevin Svenson believes that Monero’s two-year parabolic trend could lead to an 80%+ increase and new all-time highs by mid-2026, supported by robust development activity. Summary Kevin Svenson suggests that Monero has quietly established a two-year parabolic uptrend, potentially pushing the privacy coin to new all-time highs around July 2026. Santiment data ranks Monero among the most active privacy projects on GitHub, indicating a strong commitment from developers to the protocol. Svenson’s optimistic perspective contrasts with a slower overall cryptocurrency market, as there isn’t yet a widespread consensus among analysts regarding his price target. Cryptocurrency analyst Kevin Svenson forecasts…
The tokenized securities platform xStocks, backed by Kraken, is now available on TON Wallet, which is a self-custodial wallet integrated with the Telegram messenger.After an initial rollout in the Telegram Wallet, xStocks officially launched on TON Wallet, which operates on the Telegram-linked blockchain, The Open Network (TON), as announced by Kraken on Thursday.“The launch of xStocks on TON introduces tokenized equities to a truly open infrastructure,” stated Kraken co-CEO Arjun Sethi, highlighting that it is the first opportunity for Telegram users to access tokenized US equities on-chain.The initial offering will feature 10 tokenized stocks, including Apple (AAPLx), Amazon (AMZNx), Coinbase…