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 experiences a surge today, Oct. 13, as investors take advantage of the recent dip, spurred by growing optimism regarding U.S.-China trade relations. Summary The cryptocurrency market is undergoing a robust recovery as investors capitalize on the dip. This surge comes amid heightened optimism regarding a potential trade agreement between the U.S. and China. However, there is a risk that this cryptocurrency rally might be a dead-cat bounce. Bitcoin (BTC) surged to $116,000, representing an increase of 8.35% from its lowest level last week. Meanwhile, Ripple (XRP) rose to $2.6, marking a 90% increase from last week’s low…
Market Recovery: XLM Shows 6% Daily UptrendStellar’s XLM experienced a 6% increase in the last 24 hours, ending the period at $0.35 after navigating through volatility. The asset fluctuated within a $0.02 interval between $0.33 and $0.35, momentarily falling to $0.34 before buyers reclaimed strength. This rebound highlights a rising bullish sentiment across prominent crypto assets in the wake of October’s downturn.Institutional Buying TrendsThe last trading hour exhibited notable institutional buying activity. XLM started at $0.35 before dropping to $0.34 by 13:29. In a dramatic three-minute surge from 13:31 to 13:33, bulls drove prices back up to $0.35, with a…
Summary:Bitcoin hovers around $114,000 as a whale predicts further BTC price declines.Pricing challenges short-term holders, whose cost basis is just below the $114,000 level.Important moving averages serve as potential support levels.Bitcoin (BTC) faced difficulties maintaining its rebound during Monday’s Wall Street opening as a notable whale increased their bet on BTC price declines.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin whale intensifies BTC price shortingData from Cointelegraph Markets Pro and TradingView indicated that BTC/USD retreated from daily highs of $116,000.The pair promptly closed an upward “gap” in the CME Group’s Bitcoin futures market before dropping beneath the daily opening value.$BTC CME Gap has…
Key points:Bitcoin hovers around $114,000 as a whale anticipates further BTC price declines.Price pressures affect short-term holders, whose cost basis is just below the $114,000 threshold.Important moving averages are being monitored as potential support levels.Bitcoin (BTC) faced difficulties maintaining its rebound with the start of Wall Street trading on Monday, as a notable whale expanded their bet against BTC price increases.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin whale amplifies bearish stance on BTC priceData from Cointelegraph Markets Pro and TradingView indicated BTC/USD pulling back from daily peaks of $116,000.The pair promptly filled an upside “gap” in CME Group’s Bitcoin futures market, and…
In today’s crypto news, following a significant crash over the weekend, Hyperliquid CEO Jeff Yan and data platform CoinGlass cautioned that the liquidation reporting methods employed by centralized exchanges like Binance could significantly underreport actual liquidations. Additionally, the US government has now entered its third week of shutdown, leaving 16 crypto ETFs in limbo, while US and Chinese representatives have indicated a potential easing of trade tensions.Centralized exchanges face claims of massive liquidation undercountsJeff Yan, co-founder and CEO of Hyperliquid, stated that the reporting practices of centralized crypto exchanges, particularly Binance, likely undercount liquidations.This past Friday, Bitcoin (BTC) dropped to…
Issues with Binance’s balance display continued across several of its services after the market crash on Friday, with Binance Wallet still experiencing problems as of Monday.On Monday, Binance Wallet posted on X to inform users that the wallet was “temporarily experiencing lag” due to network congestion, preventing some users from accessing certain wallet data.“This information requires some buffering time to display. We are actively working on resolving this issue,” the announcement stated.Binance also linked similar display issues to pricing anomalies impacting several altcoins on its trading platform after Friday’s market crash.Users report inability to sellWhile Binance Wallet’s announcement did not…
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The decentralized exchange Hyperliquid has announced an update allowing third parties to independently create their own perpetual swap contracts on the platform.Effective Monday, Hyperliquid Improvement Proposal 3 (HIP-3) was revealed in the official Hyperliquid Discord channel. This update introduces permissionless, builder-deployed perpetual futures contracts, marking a significant move toward fully decentralized perpetual futures listings.The implementation of HIP-3 on the DEX allows anyone staking 500,000 HYPE (approximately $20.5 million at the time of this writing) to launch their own perpetual swap contract with independent margining, order books, and parameters.Contract deployers “can set a fee share of up to 50%” over the…
Here’s the rewritten content while keeping the HTML tags intact: Last week, crypto fundraising hit an unprecedented high, raising a remarkable $3.5 billion over 28 funding rounds. According to data from Cryptorank, weekly fundraising peaked from October 6 to Sunday, exceeding all previous records, including nearly $3 billion collected from July 28 to August 3. This surge followed seven weeks of fundraising below $1 billion, signaling a strong return of investor confidence. Throughout the past six months, weekly fundraising has varied from $150 million to $2.9 billion, highlighting the fluctuating nature of venture capital in the crypto sector. October’s unexpected…
The decentralized exchange Hyperliquid has announced an update allowing third parties to independently launch their own perpetual swap contracts on the platform.Hyperliquid Improvement Proposal 3 (HIP-3) will be effective starting Monday, as stated in the official Hyperliquid Discord channel. This update introduces permissionless, builder-deployed perpetual futures contracts, representing a significant advancement toward fully decentralized perpetual futures listings.HIP-3’s implementation on the decentralized exchange (DEX) permits anyone who stakes 500,000 HYPE ($20.5 million at the time of writing) to deploy their own perpetual swap contract with independent margining, order books, and parameters.Deployers “can set a fee share of up to 50%” beyond…