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.
Bitcoin’s price experienced a sharp pullback on Aug. 14, dropping below $120,000 less than a day after reaching a new all-time high above $124,000.According to CryptoSlate data, BTC fell to $118,479 at press time, marking a 2.07% decline on the 1-hour candle and 5% from its 24-hour peak.The sudden dip rippled across the broader crypto market. Ethereum fell 4% to $4,581, while XRP dropped over 3% to $3.11. Other top-ten coins, including Dogecoin, Solana, and BNB, also saw losses exceeding 3% in the same timeframe.This correction follows a period of sustained bullish momentum that had pushed the broader market to…
Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets — crypto among them — sharply lower.The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5% and June’s 2.4%.Core PPI, which excludes food and energy, also surged 0.9% in July, far exceeding the 0.2% expected and 0.0% in June. Core CPI year-over-year rose 3.7% against 2.9% expected and 2.6% in June.Already well off a record high hit overnight above $124,000, bitcoin tumbled below $119,000 on the news. Ether…
Solana has surged 21% over the past seven days, pushing its price back above the $200 mark. This marks a significant recovery for the token, as it signals renewed investor confidence. As bullish momentum builds across the market, technical indicators on the daily chart suggest that SOL is likely to maintain its position above this key price level. New Buyers Fuel Solana Rally Readings from SOL’s Relative Strength Index (RSI) on the daily chart confirm the likelihood of further price rallies. At press time, this stands at 67.97, pointing to additional room for growth. For token TA and market updates:…
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has launched the Gemini Wallet, a new self-custodial smart wallet that aims to streamline user access to Web3 protocols, decentralized finance (DeFi) platforms, and onchain applications, the company said in a blog post Thursday.Available at onchain.gemini.com, the Gemini Wallet allows users to move seamlessly between embedded and portable wallet experiences, removing the need for separate apps or complex seed phrases.The wallet features passkey-based login for instant access via biometrics, social recovery tools to regain access without compromising privacy, and an integrated dashboard for exploring dapps, managing assets, and earning yield,…
Dinari, a U.S.-based provider of tokenized public securities, is set to launch its own blockchain, joining the latest wave of firms to build their own infrastructure.The chain, called the Dinari Financial Network, aims to serve as a coordination and settlement layer for the securities issued on other networks like Arbitrum , Base, Plume (PLUME) and, soon, Solana . The network is custom built using Avalanche’s (AVAX) tech stack.”This is going to be the foundational infrastructure for our settlement and clearing system, which has up to this point predominantly happened off-chain,” Gabe Otte, CEO and co-founder of Dinari, told CoinDesk in…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 4274.67, down 2.7% (-117.53) since 4 p.m. ET on Wednesday.One of 20 assets is trading higher.Leaders: ADA (+5.3%) and SOL (-1.6%).Laggards: UNI (-8.2%) and XLM (-6.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Key takeaways:Bitcoin hit a new all-time high of $124,450 on Thursday, and signs of overheating are starting to appear.Several technical indicators suggest a potential top at $124,000.Bitcoin (BTC) recorded a new all-time high of $124,450 during the early Asian trading hours on Thursday. However, BTC price had pulled back to $121,670 at the time of writing.Despite the correction, there were mixed signals about whether the price rally had peaked or whether it was a healthy pullback.Onchain data: Bitcoin price hasn’t peaked yetBitcoin was not showing any signs of peaking despite reaching new all-time highs on Thursday, with several onchain metrics…
The new executive order could unlock trillions in retirement funds for crypto, with a 1% shift potentially pushing Bitcoin to $194,000. Still, volatility and regulatory risks may limit quick adoption. Summary A recent executive order could enable crypto investments within employer-sponsored retirement plans, unlocking access to $12.2 trillion in assets. Bitwise projects that a 1% allocation shift could raise Bitcoin’s price to about $194,000, while a 10% shift might push it toward $868,700. Despite this potential, volatility, regulatory uncertainty, and fiduciary responsibilities remain big challenges. Last week, markets flicked from cautious to almost electric. Ethereum (ETH) surged past $4,300, a…
A compromised device from a North Korean IT worker has exposed the inner workings of the team behind the $680,000 Favrr hack and their use of Google tools to target crypto projects. Summary A compromised device belonging to a North Korean IT worker exposed the inner workings of threat actors. Evidence shows operatives used Google powered tools, AnyDesk, and VPNs to infiltrate crypto firms. According to on-chain sleuth ZachXBT, the trail began with an unnamed source who gained access to one of the workers’ computers, uncovering screenshots, Google Drive exports, and Chrome profiles that pulled back the curtain on how…
Google is imposing stricter licensing rules on cryptocurrency apps in its Play Store, a move that experts say hands more control to Big Tech platforms. Summary Google has updated its Play Store rules for crypto apps, introducing licensing requirements that could make it difficult for many custodial wallets to remain available. Experts warn the rules may favor large custodial platforms while sidelining lightweight wallets. The policy aligns with global regulatory guidance but raises questions about accountability and the growing gatekeeping power of Big Tech over crypto app distribution. Google is tightening its rules for cryptocurrency apps in the Play Store,…