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.
Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation.Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.”Chatterjee works within Citigroup’s services division, which manages treasury, payments, cash management and other enterprise solutions for large corporations.The bank is also exploring custody offerings for crypto-linked exchange-traded products, which could include Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs).“There needs to be custody of the equivalent amount of digital currency to…
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned a network of companies, exchanges and executives linked to shuttered Russian crypto exchange Garantex and the ruble-backed stablecoin A7A5, accusing them of helping Moscow skirt international sanctions.Garantex, founded in 2019 and once licensed in Estonia, processed more than $100 million in transactions linked to ransomware and darknet activity, OFAC said. U.S. officials, working with German and Finnish police, seized its web domain and froze $26 million in March, which quickly prompted the creation of its successor Grinex to continue operations, officials said.OFAC said on Thursday that Grinex transferred…
James Ding Aug 14, 2025 06:19 DOGE price prediction points to $0.29 target as Dogecoin builds momentum above $0.25 pivot. Technical analysis suggests 16% upside potential if resistance breaks. Dogecoin has emerged as one of the most closely watched cryptocurrencies in August 2025, with the meme coin showing renewed strength after breaking above critical technical levels. Our comprehensive DOGE price prediction analysis suggests significant upside potential as the token approaches a decisive breakout point. DOGE Price Prediction Summary • DOGE short-term target (1 week): $0.27 (+8% from current $0.25) • Dogecoin medium-term…
In brief Strategy compared its P/E ratio to S&P 500 firms last month. That “deceptively” implied that its revenue is recurring, Andy Constan said. Strategy faces class action lawsuits over allegedly false and misleading statements. Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped Spring Advisors CEO and CIO Andy Constan.It is “100% fraudulent” that the Bitcoin-buying firm compared its price-to-earnings ratio to the likes of Apple and NVIDIA on a slide during its second-quarter earnings presentation, the Wall Street veteran said during an episode of the What Bitcoin…
Crypto exchange Coinbase closed the acquisition of Deribit, the world’s largest crypto options trading platform by volume, adding to its portfolio of digital asset businesses.Trading volumes on Deribit topped $1 trillion in 2024, and the platform has a “loyal base” of institutional and sophisticated traders, Coinbase said on Thursday.Coinbase agreed to acquire Deribit for $2.9 billion in May as part of its international expansion strategy.The exchange continues to branch out and serve different segments within crypto, and offers a perpetual futures platform, a prime brokerage, a spot retail trading platform, institutional lending services and asset custody for clients in an…
Wall Street bankers are hammering away at some provisions of the new U.S. stablecoin law that was hailed by President Donald Trump and the crypto sector as a huge first step toward establishing a fully regulated U.S. industry, and the banks are joined by unusual bedfellows from the consumer-advocate world in sounding alarms.Hoping to revise and cut provisions that might threaten aspects of the current financial system, the American Bankers Association and other bank lobbying groups aligned in a letter this week with Americans for Financial Reform — usually a staunch opponent of Wall Street’s policy aims — and the…
Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases.He ended the day, however, by seemingly contradicting those remarks, saying his department is “committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.”The fresh buys would be in addition to tokens forfeited to the government, which will be the “foundation” of the reserve, Bessent said.U.S. President Donald Trump signed an…
One of the seven countries in this region of Asia has unveiled an impressive accomplishment and has joined global peers to offer the leading crypto asset in a regulated manner. While nearby nations are behind in terms of adoption, they are making steps in the right direction. Region-First In a news outlet for Kazakhstan and Central Asia, Fonte Capital, an investment manager based in Astana, the capital of the country, announced the launch of the Fonte Bitcoin Exchange Traded Fund OEIC (BETF), which will trade on the Astana International Exchange (AIX). Source: The Astana Times The fund will be priced…
Key takeaways: Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns. Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%. Double top signals and short-term pullbacks in BTC price give altcoins room to rally. Bitcoin (BTC) has pulled back sharply from its fresh all-time high of $123,400, dropping to $117,400 on Thursday. The correction took place as a hotter-than-expected US Producer Price Index (PPI) data surprised the market. Bitcoin four-hour chart. Source: Cointelegraph/TradingView The latest PPI print showed annual headline inflation at 3.3%, well above the 2.5% forecast and the 2.3% reading from…
The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities.In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019.“Digital assets play a crucial role in global innovation and economic development, and the United States will not tolerate abuse of this industry to support cybercrime and sanctions evasion,” said…