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.
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The decentralized exchange (DEX) on the BNB Chain, Aster, has completed reimbursements for traders affected by a glitch in its Plasma (XPL) perpetual market, which temporarily caused prices to surge beyond market levels.As reported by Abhishek Pawa, the CEO of Web3 agency AP Collective, the problem arose from a misconfigured index hard-coded at $1. Following the removal of the mark price cap, XPL futures on Aster jumped to almost $4, while other platforms remained at $1.30.The price disparity observed on Friday triggered unexpected liquidations and unusual fee charges, resulting in user losses. However, the platform acted swiftly, assuring users that…
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XRP has dropped approximately 8% since the previous week, falling below the critical $3 level to trade around $2.73 after a sell-off that occurred following its rejection at $2.94. As per Sistine Research, a pattern of tightening price action — referred to as a compression phase — is re-emerging, which could lead to a significant price movement once buyers or sellers break out of the confined range. Related Reading Reemergence of the Compression Phase According to Sistine Research, XRP is currently experiencing its third major compression phase since the US elections held last November. In simpler terms, price fluctuations have…
Cryptocurrency firms must bolster their defenses against North Korean hackers attempting to infiltrate significant Web3 companies for large-scale attacks, according to security experts who spoke to Cointelegraph.Employing North Korean developers could expose a crypto project’s infrastructure to risks of hacks and data breaches like the Coinbase incident in May, which compromised the wallet balances and locations of approximately 1% of the exchange’s monthly users, potentially leading to reimbursement costs of up to $400 million for the exchange.To combat this rising threat, the sector needs to implement improved wallet management practices, real-time AI monitoring for early detection of exploits, and stricter…
BNB Chain’s derivatives decentralized exchange (DEX), Aster, has finalized reimbursements for traders affected by a malfunction in its Plasma (XPL) perpetual market, which temporarily drove prices above typical market levels.As stated by Abhishek Pawa, the CEO of Web3 agency AP Collective, the problem originated from a misconfigured index hard-coded at $1. With the mark price cap removed prior to the fix, XPL futures on Aster surged to nearly $4, while other platforms remained at $1.30.The abrupt price difference on Friday led to unforeseen liquidations and unusual fee charges, resulting in user losses. However, the platform swiftly reassured its users that…
BNB Chain’s decentralized exchange (DEX) Aster has completed reimbursements for traders affected by a glitch in its Plasma (XPL) perpetual market, which temporarily inflated prices beyond market levels.As per Abhishek Pawa, CEO of Web3 agency AP Collective, the issue resulted from a misconfigured index hard-coded to $1. When the price cap was lifted prior to the correction, XPL futures on Aster surged to almost $4 while remaining at $1.30 on other platforms.This sudden price discrepancy on Friday led to unexpected liquidations and unusual fee charges, causing financial losses for users. However, the platform promptly assured users that their funds were…
UK Finance, a trade association representing over 300 financial services firms in the UK, has initiated a collaborative pilot project for tokenized sterling deposits (GBTD).The trade group has commenced the pilot phase for the tokenized deposits project, designed to offer a digital version of traditional British pound commercial bank money, as it announced on Friday.The pilot has been launched in collaboration with six major banks in the UK, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander.UK Finance intends to run the pilot until mid-2026, aiming to explore benefits for customers, businesses, and the UK economy, with a focus…
Key takeaways:Ether’s “rare oversold” RSI, historically associated with significant ETH price rallies, indicates a potential short-term price reversal.ETH traders emphasize the need for the price to remain above the $3,800-$3,900 range to prevent further losses.Traders of Ether (ETH) anticipate a brief upward movement as a crucial ETH price indicator hits its lowest point in several months.Data sourced from Cointelegraph Markets Pro and TradingView has highlighted extremely “oversold” conditions on the ETH/USD relative strength index (RSI).ETH price decline drives RSI back to April levelsEther’s 20% decline below $4,000 from $4,800 in the past two weeks has greatly affected the low-timeframe RSI.On…