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.
Hedera (HBAR) has made its mark among altcoins rebounding after the recent downturn in the crypto market. HBAR’s price has risen by over 9% in the last 24 hours, recuperating some of its 15% weekly loss. Despite still being down 20% over the past three months (showing a downward trend), recent technical and on-chain indicators suggest a potential shift from decline to early recovery.Sponsored SponsoredWhales Step In as Selling Pressure EasesThe selling pressure on HBAR has significantly decreased since October 11. Exchange inflows — indicating coins sent for selling — have dropped from $4.43 million to just $517,000, marking an…
A prominent crypto derivatives trader who recently profited $192 million from a short position in the crypto market has initiated further bearish strategies.The trader known as (0xb317) on the Hyperliquid decentralized derivatives platform has taken out a $163 million leveraged perpetual contract to short Bitcoin (BTC) this past Sunday.This 10x leveraged position currently stands at $3.5 million in profit, but it risks liquidation if BTC escalates to $125,500.The trader gained significant attention within the crypto community after establishing a short position just half an hour prior to Trump’s tariff announcement on Friday, which triggered a sharp decline in the crypto…
Funding rates in cryptocurrency derivatives markets have dropped to their lowest since the height of the 2022 bear market, as short sellers amassed over the weekend.The sharp decline in funding rates was reported by the on-chain analytics firm Glassnode on Sunday.“This represents one of the most intense leverage resets in crypto’s history,” analysts remarked, indicating it clearly shows “how aggressively speculative excess has been removed from the market.”Funding rates are regular payments made between traders in popular crypto derivatives like perpetual futures contracts, designed to keep the perpetual contract price tethered to the spot price.When funding rates are notably low…
Bitcoin Core developers encountered mixed responses from the Bitcoin community with the launch of their v30 update, which introduced a variety of improvements related to node architecture, performance, and security.Key enhancements in Bitcoin Core 30.0 include the addition of optional encrypted connections between nodes for improved privacy and an increase in the OP_RETURN data limit from 80 to 100,000 bytes, allowing for a far greater volume of non-financial data to be incorporated into Bitcoin transactions.“With this major version release, versions 27.x and older have reached their ‘End of Life’ and will stop receiving updates,” stated Sunday’s announcement.The key changes of…
Steak ‘n Shake has changed its stance on accepting Ether payments after a significant backlash from Bitcoin supporters concerning the fast-food chain’s decision to consider options beyond BTC.On Saturday, Steak ‘n Shake polled its 468,800 X followers about integrating Ether (ETH), promising to respect the poll’s outcome. Out of 48,815 votes, 53% voted “Yes,” but the chain suspended the poll approximately four hours later due to the backlash.“Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” it stated on X. Source: Steak ‘n ShakeSteak n’ Shake began accepting Bitcoin in all locations permitted by law on May 16, including in…
Funding rates in the crypto derivatives markets have fallen to their lowest levels since the height of the 2022 bear market, as short sellers increased their positions over the weekend.This significant decrease in funding rates was reported by onchain analytics firm Glassnode on Sunday.“This represents one of the most severe leverage resets in crypto history,” analysts remarked, indicating it is a clear indication of “how aggressively speculative excess has been removed from the system.”Funding rates are periodic payments exchanged between traders in popular crypto derivatives, like perpetual futures contracts, designed to keep the perpetual contract price aligned with the spot…
Bitcoin Core developers received mixed feedback from the Bitcoin community following the announcement of their v30 update, which introduces various node-related improvements in architecture, performance, and security. Key highlights of Bitcoin Core 30.0 include optional encrypted connections between nodes for enhanced privacy and an increase in the OP_RETURN data limit from 80 to 100,000 bytes, allowing for a substantially larger amount of non-financial data to be included in Bitcoin transactions. “With the launch of this new major version, versions 27.x and older will reach ‘End of Life’ and will no longer receive updates,” stated Sunday’s announcement. The essential updates in Bitcoin…
Binance has revealed it will compensate users a total of $283 million following incidents of collateral asset depegging during the market crash on October 10.The exchange attributed this to a combination of thin liquidity, dormant limit orders from as far back as 2019, and user interface display errors.Sponsored SponsoredBinance Compensates $283 Million to Affected Users: Essential InformationIn a statement released late Sunday, Binance indicated that the incident was due to “macro-driven volatility” rather than a failing platform.They acknowledged that global macroeconomic pressures prompted significant sell-offs by both institutional and retail traders, leading to steep price drops across cryptocurrency markets.Despite speculation…
The Bitcoin Core developers received a mixed response from the Bitcoin community following their announcement of the v30 update, which introduces numerous changes to the node architecture, performance, and security. Among the significant enhancements in Bitcoin Core 30.0 are optional encrypted connections between nodes for improved privacy and an increase in the OP_RETURN data limit from 80 to 100,000 bytes, allowing for a much larger volume of non-financial data to be included in Bitcoin transactions. “With the launch of this new major version, versions 27.x and earlier are now at ‘End of Life’ and will no longer be updated,” the…
The Trump administration is reportedly considering a pardon for Binance co-founder Changpeng “CZ” Zhao, who pleaded guilty to money laundering charges in 2024 and served four months in prison. According to New York Post columnist and Fox correspondent Charles Gasparino, sources close to Zhao suggest that Trump insiders view the case against him as “pretty weak, and certainly not worthy of a felony charge and jail time.”“Trump… is leaning toward a pardon (consider the source), which could pave the way for CZ’s return to the crypto exchange, as he remains Binance’s largest shareholder,” he noted, citing individuals familiar with Zhao.…