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.
Disclosure: The opinions expressed here are solely those of the author and do not reflect the views or opinions of crypto.news’ editorial team. The web3 industry is undermining its own future. It claims to remove gatekeepers, yet has become one itself. By excluding users, builders, and talent through artificial credentialism, it jeopardizes the ecosystem’s chances for mainstream success. Summary Web3 advocates for decentralization but enforces gatekeeping through jargon, insider culture, complicated user experiences, and biased hiring practices that exclude users and talent, impeding adoption and growth. This insular mentality has created a market designed for insiders, not the general public,…
502 Bad Gateway
MEXC’s December Proof of Reserve indicates over 100% backing for BTC, USDT, USDC, and ETH, with Hacken responsible for auditing the exchange’s Merkle Tree-based verification system. Summary MEXC’s December PoR shows reserve ratios of 141% for BTC, 126% for USDT, 127% for USDC, and 107% for ETH, all exceeding 100% coverage. The exchange holds 5,401.59 BTC, 2.32 billion USDT, 126.5 million USDC, and 57,457.10 ETH, secured by a Merkle Tree PoR system initiated in February 2023. Independent security firm Hacken conducts and releases monthly PoR audits as MEXC serves over 40 million users in more than 170 countries. The digital…
Veteran trader and chart analyst Peter Brandt has cautioned that bitcoin’s BTC$89,518.52 distinctive growth parabola has broken, potentially leading to a severe drop to $25,000. Brandt’s prediction is based on the rapid decay observed in bitcoin’s bullish cycles. Historically, the cryptocurrency has surged significantly in the 12-18 months following a halving event and then entered a bear market, with declines ranging from 70% to 80% from peak values. Notably, each bullish cycle has yielded lower returns. For example, after the first halving on Nov. 28, 2012, BTC experienced a 100-fold increase to $1,240 by December 2013. The halving in 2016…
JPMorgan Chase, a prominent global bank with $4 trillion in assets under management, is set to launch a tokenized money-market fund on Ethereum. This move is part of the bank’s deeper foray into blockchain-based finance, driven by rising demand from institutional clients, as reported by the Wall Street Journal on Monday.The fund, named My OnChain Net Yield Fund (MONY), is initially funded with $100 million from the bank’s asset management division and is expected to open to external, qualified investors this week, according to the report.The global bank is joining a trend among major financial institutions that are launching tokenized…
The cryptocurrency market started the week much like it concluded the previous one: with minimal changes observed in the last 24 hours as overall sentiment fell back into the “extreme fear” territory. Bitcoin BTC$89,833.67 is currently valued at $89,900, recovering from a low of $88,000 seen on Sunday, but still displaying weakness after peaking at $94,300 following last week’s 25 basis-point interest rate cut from the Federal Reserve. Volatility in the altcoin sector is also diminishing, with several tokens including ether ETH$3,160.34 and TRX$0.2817 both experiencing slight gains of under 2% in the last 24 hours, while more than half…
The upcoming week will focus on broader economic data, highlighting employment and inflation statistics in the U.S., along with interest-rate decisions in both Japan and Europe. Coinbase, the leading publicly traded crypto exchange, is set to reveal a system update anticipated to feature an in-house prediction market.The U.S. nonfarm payrolls data, customarily published on the first Friday of the month, will be released on Tuesday due to a 36-day government shutdown delay. This figure is a crucial indicator of the world’s largest economy and can sway perspectives on high-risk investments.It is expected that the Bank of Japan will raise its…
Nasdaq intends to integrate both tokenized and traditional securities on a unified order book. Settlements will still be processed via DTCC systems, even with blockchain integration. Industry reactions vary as regulators evaluate legal and operational implications. The US Securities and Exchange Commission is initiating a formal review to ascertain if tokenized shares can be traded on Nasdaq, placing blockchain-based securities under scrutiny. By inviting public comments on Nasdaq’s proposed rule change, the SEC is exploring how digital representations of stocks fit within current market frameworks. This initiative highlights an increasing interest in tokenization throughout financial markets, while emphasizing regulators’ concerns…
A weekend sell-off in the Nasdaq 100–linked perpetual futures market on EdgeX caused nearly $13 million in liquidations, underscoring the risks of trading equity-index perps during closures of traditional markets.On Saturday, a newly established wallet executed a six-hour time-weighted average price (TWAP) order to short 398 XYZ100 contracts, valued at around $10 million, as indicated by on-chain data from Hypurrscan.This sell pressure led to a drop of more than 3.5% in XYZ100 within minutes, triggering a series of liquidations.Liquidations are the automatic closure of a leveraged position initiated by a broker or exchange when a trader’s losses have reduced their…
Kevin Hassett champions the independence of the Federal Reserve as Trump considers both him and Kevin Warsh for the chair position, while prediction markets evolve and recent rate cuts keep crypto in a holding pattern. Summary Kevin Hassett, a top contender for Fed chair, mentions Trump’s views are relevant only if supported by data, highlighting the FOMC’s vote-centric approach. Trump posits the race is between Hassett and former governor Kevin Warsh, while prediction markets like Polymarket adjust Hassett’s previously high chances. The Fed’s recent 25 bps cut to 3.5%–3.75% keeps the crypto markets largely unchanged, despite Trump advocating for more…