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.
Jeffrey Wilcke, co-founder of Ethereum, appears to be considering a sale of some of his Ether holdings following the transfer of approximately 1,500 ETH to the Kraken exchange on Thursday.Wilcke transferred 1,500 Ether (ETH), valued at around $6 million, to the exchange, as reported by the on-chain analytics platform Lookonchain. This occurred amidst a decline in Ether’s price from $4,000 to about $3,900.Source: LookonchainTransferring cryptocurrency to an exchange deposit address does not necessarily indicate that a sale is imminent.In August, Wilcke had deposited ETH worth $9.22 million to Kraken. He had earlier sent $262 million worth of ETH to the…
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Crypto mining firm TeraWulf is in talks to raise around $3 billion through Morgan Stanley to establish data centers, with backing from tech giant Google.The funding round is aimed at facilitating the expansion of TeraWulf’s data centers, supported by Google, according to company CFO Patrick Fleury, who discussed this with Bloomberg on Thursday.The deal may commence as early as October in high-yield bond or leveraged loan markets. Google has committed an additional $1.4 billion to support the debt financing, raising its total to $3.2 billion.Google’s involvement could enhance the Morgan Stanley transaction’s rating from credit agencies. However, terms are still…
Bitcoin may be facing a more substantial correction as realized profits from long-term holders have reached levels reminiscent of previous market cycle peaks, according to on-chain analysis.Long-term holders realized profits of 3.4 million Bitcoin (BTC), while inflows into exchange-traded funds have slowed down, as noted by Glassnode, indicating “exhaustion” following the Federal Reserve’s recent rate cut.Bitcoin has dropped below critical support levels around $112,000, reaching a four-week low of $108,700 on Coinbase during late Thursday trading, according to TradingView.Although it has not yet fallen back to $107,500, as it did on September 1, analysts suggest that could happen soon.The recovery…
Bitcoin appears to be on the verge of a more significant correction, as the cumulative realized profits from long-term holders have reached levels comparable to those at previous market cycle peaks, according to on-chain analysis.Long-term holders have realized profits totaling 3.4 million Bitcoin (BTC), while inflows into exchange-traded funds have decreased, as reported by Glassnode, indicating a sign of “exhaustion” following the Federal Reserve’s recent rate cuts.Bitcoin has dropped below significant support levels near $112,000, reaching a four-week low of $108,700 during late Thursday trading on Coinbase, according to TradingView.While it has not yet fallen to $107,500 as it did…
Jeffrey Huang, the Taiwanese music celebrity and prominent digital asset investor known as “Machi Big Brother,” has divested all his holdings in Hyperliquid, incurring a multimillion-dollar loss amid rising apprehensions regarding the impending vesting schedule of the token.The celebrity and avid collector of Bored Ape Yacht Club sold $25.8 million worth of Hyperliquid (HYPE) tokens, realizing a total loss of $4.45 million after several weeks of ownership, as indicated by blockchain data shared by pseudonymous analyst MLM in a Tuesday X post.The account has also lost more than $19 million in unrealized profits over the last week.Despite these substantial losses,…
OpenAI has introduced a new feature for ChatGPT called “Pulse” — a personal assistant-type tool that operates “for you overnight” to provide daily personalized updates based on user interests. This development coincides with the growing trend of retail traders utilizing AI for stock picking and crypto trading. “Since the launch of ChatGPT, it has always involved asking a question. There’s something remarkable about simply asking and receiving answers that aid in learning, creativity, or problem-solving,” the AI company stated on Thursday. “However, this is limited by what you know to inquire about and places the responsibility of the next step…
The impending threat of quantum computing has ignited intense discussions within the crypto community. Is it possible for a powerful machine to eventually compromise Bitcoin’s cryptography and steal funds? As stated by IBM’s Michael Osborne, the situation is complex — and time is of the essence. Recent Developments in Quantum Technology by IBM Recently, IBM introduced an updated roadmap for 2025, demonstrating significant strides toward its Starling fault-tolerant quantum system.Sponsored Sponsored The Starling project aims to create a fault-tolerant quantum computer by 2029. Unlike today’s experimental machines, Starling is designed to execute powerful algorithms consistently over extended periods. We’re thrilled…
Following recent volatility that saw Bitcoin’s price dip nearly 6% over the past week, market analyst Timothy Peterson maintains an optimistic view on the future of the leading cryptocurrency. The analyst, who is also an author on Bitcoin and an economist, forecasts at least a 50% chance that Bitcoin could achieve a new all-time high of $200,000 by June 2026, a prediction he shared on social media platform X (formerly Twitter) this past Thursday. Positive Projections for Bitcoin’s Value Peterson’s hopeful outlook stems from his review of the Median Bitcoin Yearly Price Path chart, which indicates that October generally signals…
Crypto prices are expected to be driven by proposed legislation on crypto market structure, stablecoins, and an influx of exchange-traded products (ETPs) in the fourth quarter, according to analysts speaking to Cointelegraph, following a quarter dominated by assets linked to digital treasuries.In a report published on Thursday, Grayscale’s research team stated that the CLARITY Act, aiming for a comprehensive financial services framework in the US, could act as a catalyst for deeper integration with traditional finance.Moreover, the approval of a generic listing standard for commodity-based ETPs by the Securities and Exchange Commission may lead to increased inflows, broadening the range…