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.
Key takeaways:Zcash (ZEC) has surged over 520% in the past month, even overcoming the wider crypto sell-off that erased $20 billion in leveraged positions over the weekend. This surge brought the privacy coin close to the $300 mark, a price not seen since December 2021, making ZEC one of the market’s top performers.ZEC/USDT weekly price chart. Source: TradingViewWill ZEC’s price continue to rise from its current levels, or is a cooling-off period necessary?ZEC technicals indicate another 25% rallyZcash’s dramatic uptrend appears to be consolidating within a typical bull flag pattern, a continuation setup that generally precedes another upward move. The…
Jeff Yan, co-founder and CEO of Hyperliquid, stated that the data reporting methods of centralized crypto exchanges, particularly Binance, are likely to significantly underestimate liquidations.In a post on X this Monday, Yan emphasized a documentation page from Binance, the leading crypto exchange globally, pointing out that the platform’s order snapshot stream only accounts for the most recent liquidation per second interval.“Since liquidations can occur in bursts, this could lead to a 100x under-reporting under certain conditions,” Yan remarked.His comments align with an earlier post from CoinGlass, a crypto data platform, which noted that “the actual liquidated amount is likely much…
Hyperliquid is set to implement its HIP-3 network upgrade this coming Monday, enabling anyone who fulfills onchain criteria to establish perpetual futures markets on the platform.A representative announced in Hyperliquid’s Discord that the upgrade on Oct. 13 will activate HIP-3, highlighting that “there is no immediate change for users,” but that deployers will be able to create markets “when ready.”This proposal — the Hyperliquid Improvement Proposal 3 — facilitates permissionless deployment of perpetual DEXs on HyperCore through a stake of 500,000 HYPE. HIP-3, which integrates with HyperEVM, also implements protections such as validator slashing and open interest limits.In the last…
By Francisco Rodrigues (All times ET unless indicated otherwise)A swift and intense sell-off erased over $500 billion from crypto markets on Friday, resulting in forced liquidations and collapsing wrapped tokens, which led to nearly $20 billion in liquidations and put pressure on exchange infrastructure.The rapid crash, characterized by Bitwise portfolio manager Jonathan Man as potentially the most severe liquidation event in crypto history, wiped out $65 billion in open interest and reset market positioning to levels reminiscent of July.The drastic crash caused Bitcoin BTC$114 606,38 drop 13% within just one hour before recovering, while some tokens experienced flash crashes exceeding 40%.…
Ethereum scaling tokens have shown greater resilience than many in the cryptocurrency market following the weekend crash, indicating a stronger price stability among layer-2 (L2) projects on Ethereum, the largest smart contract network.The layer-2 scaling solution Mantle (MNT) experienced a 31% surge on Monday, becoming the third-highest gainer among the top 100 cryptocurrencies tracked by CoinMarketCap.Tokens from Arbitrum (ARB) and Immutable (IMX) also saw double-digit increases, while the Polygon (POL) token rose by 8% in the 24 hours leading up to this writing.Analysts attribute the MNT token’s rebound to its increasing utility within the Bybit exchange ecosystem following the $19…
Tokens for Ethereum scaling have shown stronger resilience compared to the broader cryptocurrency market following the weekend’s downturn, highlighting the robust price dynamics of layer-2 (L2) projects built on the leading smart contract platform.Mantle (MNT), an Ethereum layer-2 scaling solution, experienced a 31% rebound on Monday, ranking as the third-largest gain among the top 100 cryptocurrencies monitored by CoinMarketCap.Other tokens, such as Arbitrum (ARB) and Immutable (IMX), also saw double-digit increases, while Polygon (POL) enjoyed an 8% uptick over the 24-hour period leading up to this report.Analysts attribute the rebound of the MNT token to its growing use within the…
Tokens for Ethereum scaling have outperformed much of the cryptocurrency market following the weekend crash, indicating greater price resilience among layer-2 (L2) projects on the largest smart contract network.The Ethereum layer-2 scaling solution Mantle (MNT) experienced a 31% surge on Monday, ranking as the third-largest gainer among the 100 biggest cryptocurrencies tracked by CoinMarketCap.Tokens from Arbitrum (ARB) and Immutable (IMX) also noted double-digit gains, while Polygon (POL) saw an 8% recovery in the 24 hours leading up to this article.Some analysts attribute the rebound of the MNT token to its increasing utility within the Bybit exchange ecosystem following the $19…
Key takeaways:Bitcoin has surpassed the short-term holder cost basis at $114,000, indicating a resurgence in demand and potential for additional gains.Experts suggest that Bitcoin may continue its upward trajectory, aiming for targets above $150,000.On Monday, Bitcoin (BTC) price regained the $115,000 level, recovering some of the losses incurred during Friday’s unprecedented sell-off, which led to over $20 billion in liquidations on centralized exchanges.The 10%-15% price drop impacted BTC’s technical indicators, but traders maintain that Bitcoin’s macro outlook remains positive, with $150,000 still in sight.Bitcoin bounces back above critical trendlineThe BTC/USD pair is currently trading 8% above the $107,500 low reached…
Investment in cryptocurrency products remained stable despite last Friday’s significant flash crash, showing robust inflows throughout the past week. Crypto exchange-traded products (ETPs) attracted $3.17 billion in inflows last week, undeterred by the market dip triggered by new tariff threats from US President Donald Trump, according to a report by CoinShares released on Monday. “On Friday, we witnessed minimal response with only $159 million in outflows,” stated James Butterfill, CoinShares’ head of research, emphasizing the resilience of crypto funds amidst the market panic following the Friday sell-off and $20 billion in liquidations. Along with strong weekly inflows, crypto funds hit…
Investment in cryptocurrency products remained stable during last Friday’s significant flash crash, showing strong inflows over the past week.Crypto exchange-traded products (ETPs) saw inflows of $3.17 billion last week, despite the market downturn triggered by new tariff threats from US President Donald Trump, as reported by CoinShares on Monday.“On Friday, there was minimal response with a mere $159 million in outflows,” noted CoinShares head of research James Butterfill, underscoring the resilience of crypto funds to market panic following the sell-off and $20 billion in liquidations.In addition to strong weekly inflows, crypto funds achieved a new record by surpassing total inflows…