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.
RedotPay, a fintech based in Hong Kong, has successfully raised $107 million in a Series B funding round to expand its stablecoin-based payment services across over 100 countries, aiming to position blockchain technology as a competitive alternative to traditional cross-border finance.This oversubscribed round was led by Goodwater Capital, with contributions from Pantera Capital, Blockchain Capital, and Circle Ventures, bringing RedotPay’s total capital raised in 2025 to $194 million, according to a company announcement.Currently, RedotPay serves more than 6 million users globally, processes upwards of $10 billion in annual payment volume, and generates over $150 million in annual revenue, aligning with…
Solana co-founder Anatoly Yakovenko and several accounts associated with the network’s ecosystem reported this week that Solana experienced a significant distributed denial-of-service attack, with some posts indicating traffic peaking around six terabits per second (Tbps).In a Dec. 9 X post, Yakovenko stated that Solana was facing a six Tbps distributed denial-of-service (DDoS) attack. Earlier that Tuesday, Solana Labs co-founder and president Raj Gokal suggested that the attack was still in progress. Cointelegraph could not independently verify the attack or its scope.On the same day, the CEO of the Solana-based decentralized physical infrastructure network (DePIN) project Pipe Network, David Rhodus, noted…
U.S. spot bitcoin BTC$87,551.59 and ether ETH$2,962.01 exchange-traded funds faced a total of $582 million in net outflows on Monday, marking the highest since Nov. 20, as cryptocurrency markets dipped, bringing bitcoin down to a low of $85,100.The bitcoin ETFs experienced $357.6 million in outflows, the most significant in almost two weeks, while ether ETFs witnessed $224.8 million exit over a third consecutive day of withdrawals, according to Farside data.According to Velo data, Monday ranks as the third-worst performing weekday for bitcoin in the last 12 months, following behind Thursday and Friday regarding average returns. Notably, several major local lows…
Filecoin FIL$1.2743 dropped by 4.2% to $1.28 on Tuesday amidst considerable volatility, as traders prompted sharp reversals during a more extensive market decline, according to CoinDesk Research’s technical analysis model.The analysis indicated that the decentralized storage token established a bearish pricing trend, with a $0.08 range reflecting 6.3% volatility.Trading volume was 12.75% higher than the seven-day average, per the model. The peak reached 11.7 million tokens, which is 85% above the 24-hour average of 2.81 million.This surge confirmed the token’s breakdown below the psychological support level of $1.30, the model reported.The larger crypto market also saw declines. The CoinDesk 20…
Solana co-founder Anatoly Yakovenko and various accounts associated with the network’s ecosystem reported this week that Solana experienced a significant distributed denial-of-service attack, with some posts indicating traffic spikes approaching six terabits per second (Tbps).In a Dec. 9 X post, Yakovenko noted that Solana was under a six Tbps DDoS attack. Earlier on Tuesday, Solana Labs co-founder and president Raj Gokal suggested that the attack was still in progress. Cointelegraph could not independently verify the attack or its magnitude.Additionally, on Tuesday, David Rhodus, CEO of Solana-based decentralized physical infrastructure network (DePIN) project Pipe Network, pointed out that the shared metrics…
Bitcoin (BTC) embarks on the final full week before Christmas with the $90,000 support level under threat.Bitcoin traders prepare for a stagnant trading period as the price remains devoid of catalysts.A new year bear flag is prompting some to anticipate a bullish outcome from the current BTC price consolidation.CPI and unemployment data highlight a significant week for US macroeconomic indicators.Derivatives markets are reducing risk for the medium term following a predictable Fed rate cut.Short-term holders are indicating further signs of an ongoing market reset.$95,000 is the target for Bitcoin liquidity acquisitionIn spot markets, Bitcoin provides little certainty for traders, caught…
Bitcoin (BTC) long-term holders have continued to decrease their BTC exposure, with holdings now at their lowest since April.Key takeaways:Long-term holders of Bitcoin have reduced their supply to 72%, the lowest level since April.The BTC price faces the risk of a deeper correction to $68,500 if crucial support levels break.Bitcoin long-term holder supply reaches April levelsAs per Glassnode data, long-term holders (LTHs)—those holding Bitcoin for over 155 days—have decreased their holdings from 14.8 million BTC in mid-July to 14.3 million BTC in December.This reduction has brought the percentage of circulating Bitcoin held by long-term holders down to 71.92%, a mark…
The Financial Conduct Authority (FCA) in the U.K. is looking for input on proposed cryptocurrency regulations as part of a new regulatory framework.The consultation covers areas including rules for listing crypto tokens, exchange standards, market abuse issues, broker and intermediary requirements, lending and borrowing practices, decentralized finance (DeFi), and staking, as announced on Tuesday.The proposed rules suggest a “similar approach” to regulating cryptocurrencies as seen in traditional finance (TradFi), aligning with the U.K. finance ministry’s recent announcement about extending financial service regulations to the crypto sector.The Treasury aims to establish a complete regulatory framework for the cryptocurrency industry by 2027.The…
StraitsX, based in Singapore, plans to introduce its Singapore dollar-backed XSGD and US dollar-backed XUSD onto the Solana blockchain by early 2026.The announcement, made in partnership with the Solana Foundation, will enable users to execute transactions in Singapore dollar- and US dollar-backed stablecoins utilizing Solana’s fast and cost-effective infrastructure, as stated by the issuer in a blog post on Tuesday.“The launch of XSGD and XUSD on Solana will be revolutionary. It brings together CEX support, AMM liquidity, lending pools, and everyday transactions on a single high-performance chain,” commented Tianwei Liu, co-founder and CEO of StraitsX.According to StraitsX, this expansion is…
Visa (V), the credit card leader, is introducing USDC settlement in the U.S., enabling issuer and acquirer partners to fulfill obligations to the card network using Circle’s dollar-pegged stablecoin.This initiative represents the U.S. stage of a stablecoin settlement program that has achieved a $3.5 billion annual run rate as of November 30, as per a Visa press release on Tuesday.The new option aims to provide banks and fintechs with nearly instantaneous funds movement, settlement available all week, and enhanced liquidity predictability during weekends and holidays, while maintaining the consumer card experience.Stablecoins are cryptocurrencies tied to assets like fiat currencies or…