Author: Ethan Carter

The digital asset’s price saw a precipitous drop early Thursday morning after the U.S. Bureau of Labor Statistics published data revealing record inflation metrics. Inflation Shock Triggers Bitcoin Slump Just seconds after the U.S. Bureau of Labor Statistics (BLS) published its inflation data at 8:30 am on Thursday, bitcoin ( BTC) fell off a cliff. […]

Ripple’s top engineer says more payments firms and stablecoin players are now building their own chains, and he thinks that matters for finance. According to Ripple CTO David Schwartz, the move shows that many in the market now view blockchain as part of basic financial plumbing. He wrote about this in a long post on X today, and he reminded readers that Ripple has been working on the XRP Ledger for more than 13 years. Ripple XRPL Vs Permissioned Chains Schwartz drew a clear line between chains that put control in a few hands and those that try to stay…

A crypto market crash is underway today, August 14, just hours after Bitcoin surged to a new all-time high. Summary The crypto market crash happened after the strong PPI data. It happened as liquidations jumped by over 90% to $1 billion. Bitcoin formed the highly bearish double-top pattern. Bitcoin (BTC) price erased its earlier gains and tumbled to $117,000, while top tokens like SPX6900 (SPX), Dogwifhat (WIF), Celestia (TIA), and The Graph dived by over 10%. The ongoing crash triggered a 91% jump in liquidations, totaling over $1 billion. More than 216,000 traders were liquidated. Crypto market crash linked to…

Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Analysts warn of a potential correction to $4,000 to $4,400 if a key price support fails. Ether (ETH) is trading below $4,600 as the market digests a hot Producer Price Index (PPI) print that showed inflation advancing far ahead of investors’ expectations. Despite the sharp correction from a multi-year high, traders are still confident that Ether will hit $5,000 before the end of 2025. Polymarket users place $5,000…

In brief OpenAI’s update now lets paid users switch GPT-5 between speed-first, deep-think, or auto-select modes. Previously retired GPT-4o, GPT-4.1, o3 and others return to the roster, alongside the Pro-only GPT-4.5. The new setup turns ChatGPT into a model-and-mode buffet, letting users match AI brains to the job at hand. When GPT-5 launched last week, OpenAI pitched it as the only AI you’ll ever need—combining the best of speed, reasoning, and creativity in a single, seamless package.But for many users, that promise didn’t hold up. Complaints poured in about tone, accuracy, and lost capabilities from older models. On Tuesday, CEO…

Dogecoin’s bullish momentum is putting short positions under pressure as the price eyes a crucial $0.27 retest. A successful breakout above this level could spark a powerful multi-stage rally, opening the door to higher targets and renewed market excitement. DOGE/USDT Clears $0.2533 Resistance With Conviction GemXBT, in a recent update on X, highlighted that DOGE/USDT is showing a bullish trend after breaking above the key resistance level at $0.2533 with strong upward momentum. This breakout signals renewed buying pressure, as the price pushes beyond a level that had capped recent advances. The move suggests bulls are gaining control and could…

In brief Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high later this year, after it has fallen around 33% from its January mark. Crypto offers many ways to put your money where your mouth is, including the use of prediction markets to leverage your knowledge in real time against your peers.On Myriad Markets, users can…

In brief Blockchain security firms on Thursday flagged that nearly $50 million in crypto had suspiciously left the exchange BtcTurk. The crypto exchange then said it had stopped withdrawals and is investigating the transfers. Hackers previously stole $54 million from BtcTurk in 2024. Turkish crypto exchange BtcTurk on Thursday froze customer withdrawals after blockchain analysts flagged that nearly $50 million had left the platform in suspicious transfers. The exchange announced on X that it had suspended withdrawals while it conducted “detailed investigations” into the money movements. It assured users that their funds were safe. BtcTurk did not immediately respond to Decrypt’s questions. “Assets…

Crypto prices slipped Thursday after an unexpectedly hot PPI inflation print, but analysts said it’s just a pullback within the rally.The CoinDesk 20 Index of largest cryptocurrencies fell 2.1% over the past 24 hours, with bitcoin dropping 2.3%. XRP lost 4.6% with ether (ETH) outperforming by edging down 0.7%.”The pullback is, in my view, simply a recalibration in an otherwise bullish trend,” said David Siemer, co-founder and CEO of Wave Digital Assets. “Bitcoin remains firmly entrenched as the anchor of institutional crypto strategies.”Bitcoin’s (BTC) rush to new all-time highs over $124,000 was fueled by rising expectations for Federal Reserve interest-rate…

In brief JPMorgan analysts said Ethereum offers exposure to the stablecoin boom. Growth in stablecoins is outpacing the crypto market itself, they wrote. Not long ago, analysts questioned the value of Layer-2 networks. Ethereum’s recent outperformance could continue as Wall Street begins issuing massive amounts of stablecoins within its ecosystem, JPMorgan signaled in a Thursday note.A bevy of dollar-pegged tokens—following last month’s passage of the GENIUS Act, a regulatory framework for stablecoins—should affect Ethereum’s price, even if those assets are issued on layer-2 networks, instead of Ethereum itself, according to the bank’s analysts.“We think ether is emerging as a direct…