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.
HBAR declined by 5.4% over the last 24 hours, dropping from $0.1792 to $0.1695 as sellers regained control. The token formed a series of lower highs within a volatile $0.0140 trading range, indicating increasing downside momentum.Significant selling pressure emerged at $0.1820, where 123.7 million tokens—95% above the 24-hour average—were traded, causing a sharp rejection and downward movement through critical support levels.Following a brief stabilization near $0.1684 overnight, HBAR continued to face pressure, with each recovery attempt met by renewed selling. The bearish sentiment dominated most of the session, keeping the token close to its lows and reinforcing the short-term downtrend.A…
Wallets associated with LuBian have transferred 15,959 BTC, valued at $1.83 billion, across four different addresses. This marks their second significant transfer in recent weeks, reigniting one of the most intriguing on-chain mysteries in crypto. Summary Wallets connected to LuBian shifted 15,959 BTC worth $1.83B across four addresses, highlighting their second major transaction in just a week. This activity rekindles interest in the 2020 theft of 127,426 BTC, one of the largest hacks in crypto history. On October 22, OnchainLens identified a coordinated transfer from four wallets associated with LuBian, the now-defunct Chinese mining pool implicated in a Bitcoin (BTC)…
T. Rowe Price, the 87-year-old investment firm recognized for its mutual funds, is venturing into the crypto space.On Wednesday, the company submitted an S-1 form with the U.S. Securities and Exchange Commission (SEC) to introduce the T. Rowe Price Active Crypto ETF.The S-1 is an important regulatory document that indicates a firm’s intention to launch a new product, typically in advance of a public offering. In this instance, the ETF aims to provide investors with active exposure to digital assets, marking a significant change for a company overseeing over $1.8 trillion, primarily through conservative investment options like mutual funds.“Did not…
Highlights:Bitcoin bulls are striving to maintain the price above $107,000, yet bears continue to apply selling pressure.The rebound in most major altcoins has stalled, reflecting ongoing selling by the bears on small rallies.Buyers have succeeded in keeping Bitcoin (BTC) above the crucial $107,000 support level, but the absence of a significant rebound indicates that bearish pressure remains. This short-term uncertainty has led to differing opinions among analysts regarding BTC’s next direction.Geoff Kendrick, Standard Chartered’s global head of digital assets research, shared with Cointelegraph that BTC is on a path toward $200,000 by the end of 2025. He believes that investors…
Tesla (TSLA) maintained its 11,509 BTC holdings, worth approximately $1.35 billion at the close of the third quarter (value is slightly lower now).The increase in bitcoin’s price during Q3 enabled the company to record an $80 million gain. To put it in context, the adjusted EBITDA for the quarter was $4.3 billion, and Tesla had total cash and equivalents of $41.6 billion by the end of that quarter.The electric vehicle company announced third quarter revenue of $28.1 billion, exceeding estimates of $26.36 billion. Adjusted EPS (excluding digital asset gains) was $0.50, falling short of the anticipated $0.54.Due to new FASB…
Stellar’s XLM dropped by 5% on Tuesday, sliding from $0.3284 to $0.3119 after falling below an important support level of $0.32 that had been stable for several weeks. This decline represented one of XLM’s most significant downturns in recent sessions, highlighting renewed bearish momentum driven primarily by technical factors rather than inherent market fundamentals.The selloff intensified during Monday’s 15:00 session as trading volume surged to 53.9 million—approximately 74% above the 24-hour average of 21.6 million—indicating increased selling pressure. The failure to reclaim $0.32 after several rebound attempts confirmed a notable technical breakdown, with the token now attempting to stabilize around…
Google researchers have reported mapping the structure of a molecule 13,000 times faster than today’s most advanced “supercomputers,” marking a significant milestone in achieving verifiable quantum advantage.The study utilized Google’s Willow Quantum processor and a method known as “quantum echoes,” which employs targeted waves to capture detailed images of an object, as per Google.This approach focuses on a single qubit—the fundamental unit of information storage in quantum computing—with a precise signal that triggers a response. The process is then reversed, enabling researchers to measure the “echo” or signal that reflects back, according to Google.The four steps in Google’s recent quantum…
Highlights:Bitcoin bulls are striving to keep the price above $107,000, while sellers are still applying pressure.The recovery in leading altcoins has stalled, indicating ongoing selling during minor price increases.Buyers have succeeded in maintaining Bitcoin (BTC) above the crucial $107,000 support level, but the absence of a strong rebound hints at continued bearish pressure. Short-term uncertainty has left analysts divided regarding BTC’s next move.Geoff Kendrick, Standard Chartered’s global head of digital assets research, informed Cointelegraph that BTC is positioned to reach $200,000 by the end of 2025. He believes investors will view the recent drop as a buying opportunity, which could…
Cryptocurrency exchange Kraken is taking the majority of its employees to a picturesque Caribbean island in January 2024 to motivate the team ahead of an eagerly awaited U.S. listing next year, according to two sources familiar with the plans.The exact location of the team-building retreat has not been disclosed for security reasons, as per a source.In addition, Kraken has awarded all its staff a special one-time bonus, according to those in the know.This positive atmosphere comes at a time when Kraken reportedly laid off “hundreds” of employees earlier this year.The exchange chose not to comment on this development.Kraken appears to…
The Financial Conduct Authority (FCA) in the UK is intensifying its efforts to regulate the crypto sector, issuing alerts to unregistered exchanges and pursuing legal actions against companies catering to UK residents or promoting digital assets within the country. The FCA released hundreds of warnings against unlicensed crypto exchanges in October, including Elite Bit Markets, Nexure Gainbit, Plux Crypto, and HTX. On Tuesday, the agency initiated a lawsuit against HTX for promoting crypto services to UK residents, as confirmed by a spokesperson for the FCA to Cointelegraph. The FCA also stated: “We have observed crypto firms responding positively to our…