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 Prominent figures in AI and tech, including Andreessen Horowitz and OpenAI’s Greg Brockman, announced a $100 million initiative to support pro-AI candidates. This fund will focus on campaigns in California, New York, Illinois, and Ohio this year, then expand to federal elections and the 2026 midterms. Proponents argue that this initiative is crucial to maintain U.S. leadership in AI and to counter policies that may hinder progress. On Monday, some of America’s foremost AI companies, investors, and tech leaders unveiled a $100 million political action fund aimed at backing candidates who support a “pro-AI agenda” in upcoming state and…
For the third month in a row, Hyperliquid surpassed Robinhood in trading volume, with July seeing the largest difference at 39.1%.According to DefiLlama, the decentralized derivatives exchange reported $330.8 billion in combined spot and perpetual volume in July, while Robinhood managed $237.8 billion across all its offerings.Robinhood’s total for July consisted of $209.1 billion from equities, $195.8 million from options, and $28.7 billion from crypto, per its Aug. 13 attestation.This $93 billion edge for Hyperliquid marks its best monthly performance against Robinhood since it started its upward trend.Data shared by Jon Ma from Artemis illustrates that Hyperliquid traded $256 billion…
Summary Wallets associated with Libra meme coin advocate Hayden Davis have recorded $12 million in earnings from Kanye West’s meme coin, YZY. The blockchain links to Davis were unveiled by Bubblemaps, a company specializing in blockchain visualization. Libra was endorsed by Argentine President Javier Milei in February before experiencing a significant drop. Hayden Davis, who is linked to the Libra meme coin, purchased the YZY token created by Ye, formerly known as Kanye West, shortly after its introduction, according to on-chain data from Bubblemaps.The transaction occurred just one day following the release of Davis’ funds tied to the controversial Libra…
Shares of Sharps Technology nearly doubled on Monday after the medical device manufacturer reported a $400 million initiative to establish a new treasury strategy centered around Solana’s native token. The stock surged 96% from $7.40 to a peak of $14.53 before settling at $12.01 at this time.Sharps entered into a letter of intent with the Solana Foundation to acquire Solana (SOL) tokens through a private investment in public equity (PIPE) transaction — a financing method in which accredited investors purchase shares of a publicly traded company at a reduced price relative to the current market value. This agreement, anticipated to…
Once viewed merely as a meme cryptocurrency, Dogecoin is strategically gearing up for a significant event in 2025: the possible approval of a Dogecoin Exchange-Traded Fund (ETF). This move could alter DOGE’s market landscape by attracting institutional investments and potentially leading to a considerable price surge. But how likely is it for an ETF to gain approval, and what should investors realistically anticipate?Why a Dogecoin ETF Matters More Than EverETFs serve as a vital link between traditional finance and the cryptocurrency markets. The rollout of the first Bitcoin ETF in Canada and later in the U.S. marked a turning point,…
Summary Sharps Technology, listed on Nasdaq, aims to raise $400 million for Solana acquisition. The medical device company adopts a Solana treasury strategy. Multiple publicly traded companies are incorporating cryptocurrency into their balance sheets. Sharps Technology’s stock surged on Monday after announcing a shift to a crypto treasury strategy, raising substantial funds for Solana. By the end of the trading day, Sharps Technology’s stock (STSS) rose over 40%, reaching $10.35 per share after peaking at $13.28 earlier.The company is raising $400 million through a private placement to acquire SOL, the sixth-largest cryptocurrency by market capitalization. Sharps Technology did not provide additional…
Summary Grayscale has submitted a registration statement for its Avalanche Trust. VanEck is also aiming for an Avalanche ETF approval in the U.S. Analysts anticipate a series of crypto ETF approvals in October. Crypto asset manager Grayscale has submitted a registration statement for its Avalanche Trust to the U.S. SEC on Friday, aiming for approval to “uplist” the investment vehicle into a full-fledged exchange-traded fund.Originally introduced last year as a private placement for accredited investors, this product will provide exposure to Avalanche’s spot price on the Nasdaq, while the fund’s coins are secured by crypto exchange Coinbase, as outlined in…
B Strategy, a digital asset investment firm established by former Bitmain executives, is set to launch a $1 billion crypto treasury aimed at investing in BNB, Binance’s native token. In a Monday announcement, it was revealed that the new BNB (BNB) treasury is backed by YZi Labs, the family office of Changpeng Zhao, co-founder of Binance. The structure of the new company will be akin to 10X Capital, which recently initiated a BNB treasury supported by YZi Labs, as communicated by a spokesperson for B Strategy to Cointelegraph. 10X Capital raised $250 million this July with support from YZi Labs,…
Crypto stocks commenced the week facing downward pressure as traders secured profits following a significant rally on Friday within digital assets and wider financial markets.MARA Holdings (MARA) and Circle (CRCL) topped the declines, dropping around 6% in early trading. Bullish (BLSH) experienced a 5% decrease, while Strategy (MSTR) fell 3%. Other publicly traded entities exposed to crypto, such as Coinbase (COIN), eToro (ETOR), and Robinhood (HOOD), also saw lower prices.The movements paralleled a general retreat in digital asset valuations. Bitcoin BTC$111,605.34 and ether (ETH) both declined markedly from their weekend peaks, down approximately 4% and 5.5%, respectively, in the last…
A blockchain investigator has linked at least $5.27 million in crypto theft over three weeks to a burgeoning scam service called Vanilla Drainer.Drainers are operations that supply scam software to criminals, often using phishing strategies to access victims’ funds. Vanilla is a part of a new wave of these entities and has remained mostly unnoticed, but recent significant thefts have attracted the attention of blockchain investigators.Draining scams peaked in 2024, with victims losing nearly $500 million to prominent services like Angel, Inferno, and Pink, according to Scam Sniffer. While draining incidents continue, the total amount has decreased due to enhanced…