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 Beth Hammack, president of the Cleveland Federal Reserve, indicated no signs of an economy needing urgent rate cuts. Traders have become less confident in a rate cut from the Fed in September, estimating a 74% chance as of Thursday. Bitwise’s Juan Leon suggested Fed Chair Jerome Powell’s upcoming speech could pose a short-term challenge for crypto. On Thursday, Bitcoin and other cryptocurrencies experienced a decline as Beth Hammack expressed opposition to interest rate cuts if she were to decide immediately.“Based on the current data, if the meeting were tomorrow, I see no reason to reduce interest rates,” she told…
Australia’s market regulator plans to intensify its fight against online scams after dismantling 14,000 such schemes since July 2023, with more than 3,000 related to crypto.The scams encompass investment fraud, phishing sites, and misleading online ads. ASIC Deputy Chair Sarah Court noted that ASIC’s efforts to combat investment scams will extend to social media advertising.“Our takedown capabilities exemplify how we are tracking emerging trends to safeguard Australians against those who aim to exploit them.”Global losses from cryptocurrency hacks, scams, and exploits reached $2.47 billion in the first half of 2025, marking an almost 3% rise from the $2.4 billion lost…
A Bitcoiner suffered a loss of $91 million in a single transaction due to a social engineering attack on Tuesday, with the funds subsequently transferred to a privacy-oriented Bitcoin wallet, as reported by blockchain investigator ZachXBT.The victim fell prey to impersonators who masqueraded as support representatives from a crypto exchange and hardware wallet, resulting in the loss of 783 Bitcoin (BTC) in one transaction, ZachXBT stated in a post on X on Thursday.Blockchain data indicates that the theft took place on Tuesday at 11:06 am UTC, with the perpetrator commencing the laundering of the stolen funds the following day using…
On Thursday, Ethena Labs announced that its Ethena protocol has exceeded $500 million in total revenue. The increase in both revenue and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), has accelerated since July as synthetic stablecoins capture more market share.Ethena Labs revealed this information through a post on X, noting that in the past week, protocol revenue reached $13.4 million, while USDe supply hit an all-time high of $11.7 billion.Source: Ethena Labs“Ethena’s revenue growth is fueled by strong inflows into USDe and favorable market dynamics that enhance returns from its delta-neutral hedging reserve model,” a spokesperson from…
Summary Coinbase has introduced the World Liberty Financial stablecoin, USD1. World Liberty Financial is supported by President Donald Trump and his sons. Though a stablecoin like USD1 is unlikely to experience price fluctuations, the listing may enhance World Liberty’s exposure. The USD1 stablecoin from World Liberty Financial—a venture supported by President Donald Trump and his sons—is now available for trading on Coinbase, as announced on Thursday. The largest U.S. crypto exchange revealed the listing in a Thursday update on X. Eric Trump, the president’s son and co-founder of World Liberty, later shared it and mentioned that more news regarding the crypto…
Summary Mustafa Suleyman from Microsoft cautions that AI may soon mimic sentient behavior, leading to concerns about rights and trust. The perception of conscious AI could pose mental health risks and strain human relationships. Suleyman stated that AI should enhance productivity and ease of life, without masquerading as living beings. Microsoft’s AI chief and co-founder of DeepMind warned on Tuesday that developers are nearing the ability to create AI that convincingly resembles human consciousness, raising the prospect of unforeseen consequences.In a blog post, Suleyman discussed how developers are close to creating what he describes as “Seemingly Conscious” AI.These systems can…
Bitcoin’s rebound on Wednesday to $144,700 was short-lived as long-term market sentiment indicators shifted bearish for the first time since June 2023. DOGE, XRP, and SOL mirrored this movement, whereas ether showed more resilience.Nonetheless, at the time of reporting, the CoinDesk 20 Index was up approximately 0.7% over the last 24 hours, while the CoinDesk 80 Index increased by 0.4%.Analysts remain hopeful about BTC’s long-term outlook.”Donald Trump’s endorsement of including crypto assets in 401(k)s provides additional structural support, although its impact on the market will take time,” stated Jag Kooner, head of derivatives at Bitfinex. “Ultimately, this will gradually shift…
On Thursday, Ethena Labs announced that its Ethena protocol has achieved over $500 million in total revenue. Since July, both revenue growth and the circulating supply of its synthetic stablecoin, Ethena USDe (USDe), have accelerated as synthetic stablecoins capture more market share.The announcement was made via a post on X, indicating that in the past week, protocol revenue reached $13.4 million and USDe supply peaked at an all-time high of $11.7 billion.Source: Ethena LabsAccording to a spokesperson from Ethena Labs, “Ethena’s revenue has stemmed from robust inflows into USDe and favorable market conditions that have boosted returns from its delta-neutral…
The Council on Foreign Relations warns that USD stablecoins could transform global finance and diminish Beijing’s influence. China is gearing up to respond with a closely monitored digital currency aimed at bolstering, rather than undermining, state authority. USD Stablecoins and US Policy The Council on Foreign Relations (CFR), a leading US think tank focused on diplomacy and international affairs, has expressed concerns regarding the geopolitics of stablecoins. In a recent article, CFR scholar Zongyuan Zoe Liu posits that Washington’s new GENIUS Act is transforming dollar-backed tokens into credible, regulated currency. With banks ensuring a one-to-one redemption, stablecoins may soon be…
Ben Waxman, a Democrat from District 182 in Pennsylvania’s House of Representatives, has proposed legislation “to prevent elected officials from profiting off cryptocurrency while serving in office.”Waxman introduced HB1812 on Wednesday with eight Democratic co-sponsors, citing what he described as “corruption” at the federal level linked to US President Donald Trump.The Pennsylvania lawmaker accused Trump of gaining financially from crypto projects like his memecoin, Official Trump (TRUMP), and advocating for policies that “reduce federal oversight of crypto markets, shielding these schemes from examination.”“In Pennsylvania, no public official should be permitted to use their position to enrich themselves through cryptocurrency ventures,”…