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.
Major investors in cryptocurrency and a key advisor to a prominent crypto project have placed hefty bets on the appreciation of Avalanche’s native utility token following a significant corporate treasury announcement and related ETF filings.Renowned crypto analyst and World Liberty Financial (WLFI) adviser, Ogle, initiated a $2.2 million long position using 10x leverage, forecasting a rise in the Avalanche (AVAX) token’s price.The position was set with an entry price of $33.88 and is at risk of liquidation if the AVAX token drops below $15.50, as indicated by blockchain data provider Lookonchain.Source: LookonchainOgle made his leveraged investment shortly after AgriFORCE Growing…
Key takeaways:SOL’s funding rates indicate a cautious outlook, yet past trends suggest possible short-term price increases.Falling network activity and rising competition affect SOL, even as treasury strategies and fundamentals provide support.Solana’s native token, SOL (SOL), fell to a two-week low of $213 on Tuesday, reflecting increased risk aversion in the cryptocurrency market. The initial excitement following the US interest rate cut on Wednesday quickly faded as worries about the labor market and inflationary pressures resurfaced.Over just 48 hours, SOL’s price decreased by 12%, resulting in $112 million in liquidations of leveraged long positions, according to CoinGlass data. This sharp correction…
Crypto venture capital firm Archetype announced it has raised over $100 million in total capital commitments for its third fund, Archetype III.The new fund is supported by institutional investors including pensions, academic endowments, funds of funds, sovereign wealth funds, and family offices, the company revealed in a press release on Tuesday. Archetype’s funds have invested in crypto firms like Monad, Privy, Farcaster, Relay, and Ritual. The company focuses on early-stage startups developing onchain infrastructure, decentralized finance (DeFi), and innovative blockchain applications.The capital will be allocated to projects aimed at stablecoins, payment solutions, onchain social networks, decentralized physical infrastructure networks (DePIN),…
Key Insights: Purchasing activity from both retail and large traders has helped mitigate the BTC price decline, but bears still have a solid opportunity to leverage long liquidations down to $106,000. Spot and perpetual futures volumes lack intensity, hindering a sustainable trend reversal, while sellers continue to capitalize on price recoveries. Bitcoin (BTC) bulls are striving to maintain the $112,000 threshold just a day after the crypto market experienced its largest single-day long position liquidation this year. On Monday, $1.62 billion in long positions were liquidated, and as the market seeks to recover, analysts at Glassnode caution that the Bitcoin…
Ripple and Securitize have teamed up to incorporate the Ripple USD stablecoin as a withdrawal option for tokenized funds from major cryptocurrency investment firms BlackRock and VanEck.A newly launched smart contract enables holders of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck’s Treasury Fund (VBILL) to swap their tokenized shares for the Ripple USD (RLUSD) stablecoin.This smart contract provides BUIDL and VBILL investors with the ability to instantly convert their shares to RLUSD at any time, facilitating further on-chain transfers.“Collaborating with Ripple to integrate RLUSD into our tokenization framework marks a significant advancement in automating liquidity for tokenized assets,”…
Key takeaways:SOL’s funding rates indicate a cautious sentiment, but historical trends suggest potential short-term price increases.Decreasing network activity and rising competition affect SOL, although treasury strategies and fundamentals are still supportive.Solana’s native token, SOL (SOL), fell to a two-week low of $213 on Tuesday, reflecting increased risk aversion throughout the cryptocurrency market. The initial optimism following the US interest rate cut on Wednesday quickly faded as worries about the labor market and persistent inflationary pressures resurfaced.In just 48 hours, SOL’s price dropped 12%, resulting in $112 million in liquidations of leveraged bullish positions, as per CoinGlass data. This sudden correction…
Key insights:The funding rates for SOL indicate a cautious market sentiment, yet historical trends suggest possible short-term price increases.Lower network activity and increased competition are pressuring SOL, but treasury strategies and fundamentals remain favorable.Solana’s native token, SOL (SOL), fell to a two-week low of $213 on Tuesday, mirroring growing risk aversion in the cryptocurrency arena. The initial optimism from the US interest rate cut on Wednesday quickly faded as worries about the labor market and rising inflation came back into focus.In just 48 hours, SOL’s price dropped by 12%, resulting in $112 million in liquidations of leveraged bullish positions, as…
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The price of Bitcoin is declining once more this September; however, SkyBridge CEO Anthony Scaramucci asserts that it shouldn’t be labeled a crash. He elaborated during a CNBC Squawk Box segment that this downturn is part of a recurring cycle which occurs nearly every year. According to him, short-term variations do not fundamentally change the overall landscape for Bitcoin. Therefore, Scaramucci maintains his optimistic stance and is not altering his forecast. Scaramucci States September Bitcoin Weakness Is Seasonal Anthony Scaramucci mentions that September has traditionally been a tough month for Bitcoin and various cryptocurrency ventures. He noted, “September lows are…
Bullish Europe has emerged as the first platform to list Société Générale-Forge’s USDCV stablecoin, which enhances access to regulated digital assets within the European Union.As stated in a Tuesday announcement, Bullish is the pioneer in offering USD CoinVertible (USDCV) to its clientele via its trading platform regulated by the German Federal Financial Supervisory Authority (BaFin) and under the Markets in Crypto-Assets Regulation (MiCA).This follows an announcement in early June where Société Générale-Forge indicated its plans to launch the stablecoin with assistance from US-based financial services firm Bank of New York Mellon as the custodian.The launch also builds on the earlier…