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.
VERB Technology Company, which focuses on acquisitions in Toncoin (TON), announced it has amassed approximately $713 million in TON and $67 million in cash, summing up to over $780 million in total assets.The firm successfully closed a $558 million private placement in August, resulting in a more than 200% surge in its share price. According to Thursday’s announcement, a significant portion of these funds went towards acquiring TON.VERB aims to obtain 5% of the altcoin’s circulating supply, translating to around 128 million tokens, by issuing corporate debt and equity and leveraging staking to garner additional rewards.VERB stock price. Source: Yahoo…
Here’s the rewritten content while preserving the HTML tags: Summary The OCC has revoked its consent order concerning digital asset bank Anchorage Digital. This order was initiated in 2022 following the conditional approval given to Anchorage in 2021. Anchorage, a federally chartered bank, manages some of the Bitcoin and Ethereum within BlackRock’s spot ETFs. On Thursday, the Office of the Comptroller of Currency (OCC) announced it has lifted its cease and desist order against Anchorage Digital.The regulator initially issued a consent order to Anchorage, a federally chartered digital asset bank, in 2022 due to its inadequate compliance program related to…
In the latest issue of Crypto for Advisors, Patrick Murphy from Eightcap shares insights on the evolution of cryptocurrency as an asset, drawing parallels to the early days of the S&P 500.Following that, Leo Mindyuk from MLTech addresses queries regarding indices in the “Ask an Expert” section.Enjoy the read!– Sarah MortonWhat the S&P 500 Did for Equities, Indices Will Do for CryptoLike cryptocurrency today, equities in the early 20th century were a nascent and mostly unregulated market, marked by fragmentation and a lack of understanding among the public. The introduction of the S&P 500 in 1957 transformed the financial world…
In the latest edition of the Crypto for Advisors newsletter, Patrick Murphy from Eightcap shares thoughts on the development of crypto as a legitimate asset and draws comparisons to the evolution of Indices during the S&P’s formative years.Additionally, Leo Mindyuk from MLTech responds to inquiries about indices in the Ask an Expert section.Enjoy the read!– Sarah MortonWhat the S&P 500 Did for Equities, Indices Will Do for CryptoSimilar to today’s crypto landscape, equities in the early 1900s represented an emerging and largely unregulated market, characterized by fragmentation and limited public comprehension. The introduction of the S&P 500 in 1957 transformed…
On Thursday, Ethena Labs announced that its Ethena protocol has achieved over $500 million in cumulative 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 update was shared by Ethena Labs through a post on X, highlighting that protocol revenue reached $13.4 million in the past week and USDe supply reached a record high of $11.7 billion.Source: Ethena LabsAn Ethena Labs spokesperson informed Cointelegraph, “Ethena’s revenue has seen strong inflows into USDe, paired with favorable market conditions that have boosted returns from its…
Sure! Here’s a rewritten version while preserving the original HTML tags: Summary A crypto investor lost 783 Bitcoin, valued at $91 million during the incident, to a social engineering scam, as reported by blockchain investigator ZachXBT. The perpetrator supposedly utilized a coin-mixing service to obscure their identity. ZachXBT claimed that three individuals employed similar methods to steal $243 million in Bitcoin last year. On Tuesday, a crypto investor was deceived into losing 783 Bitcoin—valued at $91 million at the time—due to a social engineering scam, as revealed by the anonymous blockchain analyst ZachXBT. The investigator stated in a Telegram message…
Ethereum is finding stability above the $4,200 mark after experiencing significant volatility and substantial selling pressure. Recently, ETH retreated from local highs around $4,800, prompting bulls to urgently defend key demand zones. Early indicators suggest that momentum may be shifting back toward buyers, as selling pressure in the market starts to diminish. Related Reading This stabilization arrives as altcoins gear up for what could be a pivotal upcoming period. Market sentiment is slowly becoming more optimistic, bolstered by improving technical indicators and renewed accumulation patterns. Analysts note that if Ethereum can maintain current support levels, it may lay the foundation…
In brief The DOJ has declared it will halt charging decentralized software developers under the same laws that led to the conviction of Tornado Cash co-founder Roman Storm earlier this month. Matthew Galeotti of the DOJ clarified that charges will be avoided when software is genuinely decentralized and non-custodial, although other charges may apply if criminal intent is suspected. This policy change has been celebrated by numerous leaders in the crypto industry as a significant achievement, though some advocates have raised concerns about its timing and implications given Storm’s recent conviction and the DOJ’s ongoing discretion in related matters. A…
Key takeaways:Bears in the Bitcoin market maintain strong incentives beneath $114,000, likely increasing pressure before the options expiry.Concerns about spending in the AI sector contribute to market turbulence and affect investors’ overall risk appetite.On August 29, $13.8 billion in Bitcoin (BTC) options are set to expire, a moment that many traders believe could clarify whether the recent 9.7% correction signifies the end of Bitcoin’s bull market or just a brief pause. The decline to $112,100 on Thursday marked Bitcoin’s lowest point in six weeks, amplifying bearish momentum leading up to the monthly options expiry.Ill-prepared bullish strategies for Bitcoin below $114,000The…
State Street, an asset manager and custodian bank catering to institutional clients, has become the first third-party custodian on JPMorgan’s tokenized debt platform, enabling it to safeguard blockchain-based debt securities for investors.JPMorgan’s Digital Debt Service platform facilitates trading and settling tokenized debt instruments for institutional clients, with these securities representing government or corporate bonds issued on a blockchain.The asset manager engaged in its inaugural transaction on the platform by acquiring $100 million in tokenized commercial debt from the Oversea-Chinese Banking Corporation (OCBC), one of the oldest banks in Southeast Asia, as noted in Thursday’s announcement.Source: State StreetFounded in 1792, State…