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.
XRP Open Interest Surges Above $3 BillionXRP’s open interest has surged back above $3 billion, signaling a notable shift in market dynamics. This resurgence follows months of subdued activity, indicating that traders are re-engaging with significant positions.Source: CryptoQuantOpen interest refers to the total value of outstanding futures and options contracts. An increase in open interest suggests that more traders are entering the market, often with leveraged positions, which can amplify price movements. The recent spike in XRP’s open interest indicates a growing confidence among traders and a potential buildup of volatility.This uptick in open interest coincides with XRP’s price trading…
Bitcoin is once again at a pivotal moment, facing heavy resistance after setting a new all-time high around $124,000 yesterday. The milestone sparked excitement among bulls, but also renewed caution among analysts who warn that slowing momentum could signal a potential market cycle top. Some see the recent hesitation as a sign that buyers may be losing steam at these elevated levels. Related Reading Despite the growing bearish speculation, on-chain data from CryptoQuant offers a more optimistic perspective. The Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) has climbed to 1.04 with Bitcoin trading near $119,000. This reading means that,…
Key Highlights:Bitcoin plunged from $123,800 to $117,180 after Treasury’s remarks. Daily liquidations exceeded $963M as market reacted to policy uncertainty. Despite clarification, Bitcoin has yet to recover to its earlier all-time high.On the evening of August 14, 2025, Bitcoin’s price suddenly dropped from $123,800 to $117,180 after comments from US Treasury Secretary Scott Bessent. In an interview with Fox Business, Bessent stated:“We’ve also started — to get into the 21st Century — a bitcoin strategic reserve. We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up. We’re going to…
Felix Pinkston Aug 15, 2025 10:05 The Hong Kong Monetary Authority (HKMA) reports a 2.5% decrease in credit card receivables for Q2 2025, signaling a shift in consumer credit behavior. The Hong Kong Monetary Authority (HKMA) has released its credit card lending survey results for the second quarter of 2025, revealing a notable 2.5% decline in total card receivables. This figure has dropped to HK$149.0 billion by the end of June, marking a significant decrease compared to the 5.8% reduction observed in the previous quarter, according to the Hong Kong Monetary Authority. Delinquency…
Major Wall Street institutions, including Wells Fargo, Cantor Fitzgerald, and Jane Street, have sharply increased their Bitcoin-related holdings over the past months.These firms’ portfolio updates on the stock analytics platform Quiver Quantitative reveal they are investing billions in the top crypto via exchange-traded funds and crypto-focused equities like Strategy (formerly MicroStrategy).Bitcoin ETFs allow institutional investors to track BTC’s price without the complexities of directly holding the digital assets.Well Fargo boosts Bitcoin exposureDuring the second quarter, Wells Fargo significantly expanded its stake in BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin-focused fund.As of June 30, the bank held over $160 million…
In brief $941 million worth of positions have been liquidated across the crypto market, most of which were longs. It comes as Thursday’s PPI report shocked the market, prompting major tokens including Dogecoin, Solana, and Cardano to retreat from recent highs. Experts say this is nothing out of the ordinary, as Ethereum and Bitcoin continued to hover near their respective all-time highs. A massive $941 million worth of mostly long positions have been liquidated over the past 24 hours, as the crypto market retreated from recent highs.The market as a whole has undergone a minor pullback of 1.9%, according to…
Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital.The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem.The round also drew investments from Coinbase Ventures, Chapter One, Selini, Maelstrom, Anchorage Digital, and community backers via the HyperCollective.Hyperbeat serves as the native yield layer for Hyperliquid, building permissionless financial infrastructure that allows anyone to earn, stake, and spend directly from their on-chain portfolio. It unlocks yield generated by Hyperliquid’s funding rates—previously…
Solana-based meme coin BONK weathered a volatile 24 hours, as significant institutional activity defined both the highs and lows of the trading range. The token reached $0.000026 and quickly encountered resistance at that level, with 4.02 trillion tokens changing hands during a midday rejection that set a clear technical ceiling for the short term, according to CoinDesk Research’s technical analysis data model.From there, BONK slipped 6% to find a floor near $0.000023, where 1.07 trillion tokens traded as buyers absorbed the sell pressure. This zone has now emerged as a key support level, tested multiple times without breaking.BONK subsequently staged…
Coinbase’s suspicion is fueled by Bitcoin dominance dropping from 65% to 59%, rising altcoin market capitalization, and expectations of a September Fed rate cut that could unleash retail capital into high-risk assets. Historical signals, like Bitcoin dominance’s first monthly bearish cross since January of 2021, add weight to the bullish case. Ethereum is leading the charge, with US spot ETH ETFs pulling in over $3 billion in the first half of August, including a record $1 billion in a single day. ETH prices surged nearly 20% this week, topping $4,765, as institutional inflows hit record highs.Altseason Buzz BuildsCoinbase suggested that…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors red on the day, BTC dominance rebounds; BTC at $119k ETH ETFs see another top 5 day, outpace BTC 3.3:1 over past 5 sessions David Bailey’s Nakamoto completes merger to launch $700M+ BTC DAT Citigroup considers getting into crypto custody, eyes stables and BTC+ETH Yeet confirms 40% of its airdrop will go to community 💰 Another $700M+ Bitcoin TreasuryCo Is BornThey’ve got big funds to…