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.
The cryptocurrency market experienced a significant decline, losing almost $200 billion in value as rising trade tensions between China and the United States reignited fears on a global scale.This development interrupted Bitcoin’s tentative recovery, following a record liquidation of $19 billion over the weekend.Challenges for Bitcoin pricesAccording to data from CryptoSlate, the total market capitalization of the industry fell 3% to $3.79 trillion, down from $3.96 trillion just a day prior.Bitcoin has faced difficulties maintaining its position above the $115,000 resistance, dipping over 3% to $110,500, which is now testing a crucial short-term support zone.Ethereum, the second-largest cryptocurrency by market…
Key insights:BNB (BNB) has struggled to maintain its impressive rally, facing two rejections near the $1,350 mark in the last week, indicating a potential pullback in October.Double top formation suggests 30% correction risks for BNBThe daily chart of BNB showcases a classic double top pattern around the $1,350-$1,375 range, suggesting possible trend exhaustion following a 95% rally year-to-date. The two peaks, marked as Top 1 and Top 2 below, indicate unsuccessful breakout attempts, with the neckline support at approximately $1,100. A significant close below this neckline could confirm the double top pattern. BNB/USDT daily chart. Source: TradingViewIf so, BNB could…
Ripple, a provider of institutional blockchain services and developer of XRP, announced a partnership with South African bank Absa on Wednesday to offer digital asset custody to the bank’s customers.According to the announcement, Absa is “Ripple’s first significant custody partner in Africa.” The bank will enable its customers to access digital asset custody services powered by Ripple’s technology for tokenized assets and cryptocurrencies.This bank is a significant player in the African financial sector, managing 2.07 trillion South African rands (approximately $119.5 billion) in assets by the end of 2024. Last year, Absa reported a revenue of $6.34 billion.Ripple states that…
The U.S. government is set to confiscate 127,271 BTC, estimated at around $14 billion, linked to a vast online investment fraud orchestrated by Chinese émigré Chen Zhi, 38, alongside his Cambodia-based Prince Group Transnational Criminal Organization. This initiative, announced on Monday by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), is part of a broad campaign against transnational cybercrime networks and scams that target U.S. and allied citizens. Chen Zhi, also referred to as “Vincent Chen,” established a multi-billion-dollar enterprise in Cambodia, leveraging online scams to entice victims with fraudulent investment schemes…
Key takeaways DCA is a strategy that employs automated, small, regular purchases to maintain investment without attempting to time every move.El Salvador has set an example by publicly DCA-ing 1 BTC daily since November 17, 2022.However, lump-sum investing frequently outperforms DCA during uptrends — historically doing so about two-thirds of the time.This approach is optimal for investors who earn regularly in fiat and prefer a methodical, rule-based strategy over reactionary trading.What is DCA? Dollar-cost averaging (DCA) involves buying a consistent amount of an asset at regular intervals, like weekly or monthly, without considering fluctuations in price.By spreading purchases over time, you mitigate…
The non-fungible token (NFT) market has begun to show early signs of recovery following a significant sell-off that resulted in a loss of approximately $1.2 billion in market capitalization during Friday’s crypto market crash.According to data from CoinGecko, the sector’s overall value declined from $6.2 billion on Friday to $5 billion on Saturday. This represented a nearly 20% drop, equating to around $1.2 billion in market cap for digital collectibles across various blockchain networks.The sector saw a swift rebound as crypto markets stabilized. By Sunday, NFTs had risen to $5.5 billion, marking a 10% recovery from the crash. As of…
The non-fungible token (NFT) market has indicated early signs of recovery following a significant sell-off that erased approximately $1.2 billion in market capitalization during the recent crypto downturn on Friday.According to data from CoinGecko, the total valuation of the sector dropped from $6.2 billion on Friday to $5 billion on Saturday. This represented a nearly 20% decline, equivalent to about $1.2 billion, in the market capitalization for digital collectibles across all blockchain platforms.
Key takeaways:For XRP price to rally above $3.00, it must convert the 200-day SMA and the $2.70-$2.80 resistance into support.Analysts estimate a 57% likelihood of an upward breakout to the $9.5-$27 range, while a 43% chance of a decline to $0.50 exists.XRP (XRP) has dropped over 31% since its peak near $3.66 in July, including a 12.5% decline in the last week, bringing it down to around $2.50.XRP/USD daily price chart. Source: TradingViewWill XRP maintain $2.50 as support and keep rallying from there? XRP needs to convert the 200-day SMA into supportXRP must turn the $2.70-$2.80 resistance zone into a…
Here’s the rewritten content with the HTML tags preserved: U.S. prosecutors have filed charges against Cambodia’s Prince Group for wire fraud and conspiracy to launder money, following the seizure of over $14 billion in Bitcoin, marking one of the most significant financial crackdowns in history. Summary Charges have been brought against Cambodia’s Prince Group and its chairman, Chen Zhi, for wire fraud and money laundering. The group was implicated in a vast crypto scam that exploited trafficked workers. If convicted, Chen could face up to 40 years in prison. Led by Chinese-Cambodian businessman Chen Zhi, Cambodia’s Prince Group is a…
A subsidiary of a major Chinese commercial bank based in Hong Kong, China Merchants Bank (CMB), has successfully tokenized its $3.8 billion money market fund (MMF) on the BNB Chain.CMB International Asset Management (CMBI) has teamed up with BNB Chain to launch its CMB International USD Money Market Fund on the layer-1 (L1) blockchain, as announced on Wednesday.This partnership builds on CBMI’s real-world asset tokenization (RWA) collaboration with Singapore’s DigiFT, which tokenized the fund on the Solana blockchain back in August.The launch of CMBI’s fund on BNB Chain follows online reports suggesting that China’s securities regulator has been pressuring local…