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.
Update, Aug. 22, 12:54 pm UTC: This article has been revised to include CoinW exchange’s statement regarding the indictment.Taiwanese prosecutors have reportedly indicted 14 individuals in what is described as the largest cryptocurrency money laundering case in the country, involving over 1,500 victims and exceeding $70 million in illicit funds.The Shilin District Prosecutor’s office has charged the 14 with fraud, money laundering, and organized crime, seeking the confiscation of 1.275 billion New Taiwan dollars ($39.8 million), allegedly obtained through fraudulent means from victims, as per a Friday report from local media source UDN.Prosecutors also requested the confiscation of an additional…
Disclaimer: The opinions expressed here are solely those of the author and do not reflect the views of crypto.news’ editorial team. Surprisingly, DeFi faces a transparency challenge. While transparency is a foundational aspect of decentralized finance, excessive transparency comes with unintended drawbacks. For pseudonymous retail participants, this might not pose issues, but it creates strategic challenges for capital allocators, institutional players, and protocol developers. Overview Hidden costs of transparency: In DeFi, wallet doxxing, alpha leakage, and MEV extraction turn “openness” into a liability, threatening privacy, security, and competitiveness. Unlevel market conditions: Public mempools facilitate frontrunning and sandwiching, with bots extracting…
Ethereum (ETH) has made one of its most significant moves in years, surpassing its previous all-time high of approximately $4,860 after a bullish uptick on Friday. The cryptocurrency experienced a surge of over 13% in just one day, marking a crucial moment for the market and affirming the momentum of Ethereum’s ongoing rally. Related Reading Momentum clearly favors the bulls as Ethereum continues to outperform Bitcoin. While BTC stabilizes around its price from a month ago, ETH has taken the reins, bolstering the case for a protracted altcoin rally. The market is entering a phase where altcoins are showing strength…
Key takeaways:Spot Ether ETFs experienced unprecedented inflows of $7.88 billion in July and August, increasing custodial holdings to 6.42 million ETH.ETH reached $4,650 following a 10% surge after Powell hinted at a potential rate cut in September.Ether surges 10% after Powell’s Jackson Hole addressEther surpassed the $4,350 resistance on Thursday, probing the supply zone between $4,550 and $4,650 after Federal Reserve Chair Jerome Powell suggested a possible rate cut in September, igniting a robust reaction across risk assets.Powell’s comments indicate a changing policy perspective, mentioning that the balance of risks “may justify policy adjustments.” He pointed to increasing downside risks…
James Wynn, a crypto trader recognized for his high-leverage crypto positions, has taken a substantial leveraged stance on Ether (ETH), initiating a 25x long as ETH rises to new heights above $4,860.As per on-chain data, Wynn utilized approximately $5,568 in margin to control a 29.3 Ether position worth $139,215, with an average entry price of $4,239. At the moment, the position reflects unrealized gains of $14,888, translating to a return of over 267%.Wynn is also managing a 10x Dogecoin (DOGE) long, valued at $206,130 for 867,335 DOGE. Entered at an average price of $0.2398, this trade is marginally underwater, reflecting…
On Saturday, crypto sentiment shifted back to “Greed” as the market experienced a significant surge, prompted by US Federal Reserve Chair Jerome Powell’s dovish remarks that sparked speculation about a potential rate cut in September. The Crypto Fear & Greed Index, which gauges overall sentiment in the crypto market, climbed to a “Greed” score of 60 on Saturday, an increase of 10 points from Friday’s “Neutral” reading of 50, after briefly dipping into Fear earlier in the week. The Crypto Fear & Greed Index shifted back to Greed on Saturday following hints from Federal Reserve Chair Jerome Powell about upcoming…
Key highlights The cryptocurrency market has turned bearish once more after a brief relief on Wednesday. HBAR has declined by 1% but may see an upward movement given the bullish outlook. SWIFT initiates live blockchain trials with Hedera HBAR, the native cryptocurrency of the Hedera blockchain, has decreased by 1.2% over the past 24 hours despite positive developments in the ecosystem. As of now, HBAR is valued at $0.235 but may experience a rally soon. This downturn comes despite the global payments network SWIFT launching live blockchain trials featuring Hedera. Additionally, asset manager Grayscale has filed for a Delaware trust…
On Saturday, crypto sentiment shifted back to “Greed” as the market rallied, spurred by dovish remarks from US Federal Reserve Chair Jerome Powell that fueled speculation about a potential rate cut in September.The Crypto Fear & Greed Index, which gauges overall sentiment in the crypto market, climbed to a “Greed” score of 60 on Saturday, marking a 10-point increase from Friday’s “Neutral” score of 50, after briefly dipping into Fear earlier that week.The Crypto Fear & Greed Index returned to Greed on Saturday following hints of upcoming rate cuts from Federal Reserve Chair Jerome Powell. Source: alternative.meThis rebound followed Powell’s…
James Wynn, a crypto trader recognized for his high-leverage crypto trades, has initiated a significant leveraged position on Ether, launching a 25x long as ETH climbs to new heights above $4,860.As per onchain data, Wynn invested approximately $5,568 in margin to control a 29.3 Ether (ETH) position valued at $139,215, with an average entry price of $4,239. As of now, the position reflects unrealized gains of $14,888, signifying a return exceeding 267%.Wynn is also maintaining a 10x Dogecoin (DOGE) long, valued at $206,130 for 867,335 DOGE. Entered at an average price of $0.2398, this trade is slightly negative, showcasing an…
Bitcoin and cryptocurrencies are poised for mainstream acceptance, as evidenced by record inflows into US spot exchange-traded funds (ETFs), with Goldman Sachs holding more crypto ETF shares issued by BlackRock than any other entity and corporate treasuries from Strategy to Bitmine investing in digital assets.Nonetheless, a recent Bank of America survey reveals that three-quarters of global fund managers remain adamantly reluctant to engage with digital assets.Max Gokhman, Deputy Chief Investment Officer for Franklin Templeton Investment Solutions, asserts that this contradiction isn’t fueled by regulatory uncertainties or operational challenges, as those issues have largely been resolved.In a discussion with CryptoSlate, Gokhman…