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.
A cryptocurrency asset management company holding HYPE — the token for the decentralized derivatives exchange Hyperliquid — has suggested reducing the total supply of HYPE by 45% to enhance its tokenomics for investors.In a post on X on Monday, DBA Asset Management’s investment manager Jon Charbonneau detailed three modifications to Hyperliquid’s economic framework: revoking the authorization for all unminted HYPE tokens designated for future emissions and community rewards (FECR), burning all HYPE in Hyperliquid’s Assistance Fund (AF), and eliminating HYPE’s 1 billion supply limit.His proposal was co-written with an anonymous crypto researcher known as Hasu.Although the plan requires approval through…
Bitcoin mining firm CleanSpark experienced a 5% increase in after-hours trading following the announcement on Monday that it has secured a $100 million financing deal with institutional-investor focused Coinbase Prime.This agreement allows CleanSpark to access additional credit from Coinbase Prime by using a portion of its 13,000 total Bitcoin (BTC) holdings as collateral. The capital will be utilized to enhance its Bitcoin mining operations, high-performance computing (HPC) capabilities, and energy portfolio.CleanSpark (CLSK) shares closed at $13.74 on September 22, and the price has since risen by approximately 5% to reach $14.44 in after-hours trading after the news.CleanSpark gained over 5%…
Leveraged cryptocurrency traders experienced liquidations nearing $2 billion on Monday in one of the year’s most significant market downturns, attributed by some analysts to technical factors rather than weakening market dynamics.Over 370,000 traders faced liquidations totaling $1.8 billion in the last 24 hours, according to CoinGlass data.The majority of these positions were tied to Ether and Bitcoin, with altcoins suffering heavily across the board.The liquidations coincided with a decline in the total cryptocurrency market capitalization by more than $150 billion, dropping to a two-week low of $3.95 trillion as Bitcoin (BTC) slipped below $112,000 on Coinbase and Ether (ETH) dipped…
As per Coinglass data, liquidations in the crypto market exceeded $1.6 billion in the last 24 hours, predominantly involving long positions. Increased inflows to exchanges pose a risk of Bitcoin (BTC) falling beneath the crucial support level of $112,000. Bitcoin Declines: Is $112,000 at Risk? Today, Bitcoin dropped from approximately $116,000 to a low of $111,800, coinciding with heightened volatility in the broader crypto market due to anxiety over a U.S. government shutdown. Current prediction markets on Kalshi indicate a 70% likelihood of a shutdown in 2025. Related Reading Regarding today’s BTC activity, CryptoQuant contributor PelinayPA noted that nearly 65,000…
Crypto stocks experienced a mixed trading day in the US on Monday, as investors reacted to the latest acquisitions by crypto treasury firms while also responding positively to new developments in the sector.Early trading for crypto-related stocks declined in the US and Canadian markets on Monday, following Bitcoin’s (BTC) drop below $113,000 for the first time in nearly two weeks, as enthusiasm stemming from the Federal Reserve’s anticipated rate cut dwindled.Monday’s losses were predominantly driven by crypto treasury companies, which purchase and hold cryptocurrencies.Crypto treasuries dominate Monday’s losersHelius Medical Technologies (HSDT), a medical device company, saw the biggest share price…
Traders heavily invested in crypto faced liquidations totaling nearly $2 billion on Monday, marking one of the year’s largest market sell-offs. Analysts suggest these events are driven more by technical factors than deteriorating market conditions.In the last 24 hours, over 370,000 traders were liquidated, amounting to $1.8 billion, according to CoinGlass data.Most of these liquidations involved long positions in Ether and Bitcoin, while altcoins suffered significant losses as well.The crypto market capitalization plummeted by over $150 billion, reaching a two-week low of $3.95 trillion, with Bitcoin (BTC) falling below $112,000 on Coinbase and Ether (ETH) dropping below $4,150—its largest decline…
The meme coin market experienced a downturn in the last week, decreasing by 10.8%, with the total market cap of joke tokens now at $69.5 billion. This significant decline serves as a cautionary signal for investors interested in meme coins. Nonetheless, BeInCrypto has identified three meme coins that investors should monitor, which may rebound due to changing market dynamics.Sponsored Sponsored Toshi (TOSHI) TOSHI is among the few meme coins experiencing gains this week, increasing by 20.8% in the past seven days. The token is currently priced at $0.00075, a crucial support level that could influence its short-term price trajectory. The…
Ether treasury firm ETHZilla aims to secure an additional $350 million via new convertible bonds, with proceeds designated for further Ether acquisitions and yield generation through investments within the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill stated on Monday that the company’s approach focuses on utilizing Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and the tokenization of real-world assets. “We believe our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.” A rising number of digital asset firms are progressing beyond merely holding cryptocurrencies, aiming to generate yields through active ecosystem involvement,…
Ether treasury firm ETHZilla is aiming to secure an additional $350 million through new convertible bonds, with the proceeds allocated for further Ether purchases and generating yield via ecosystem investments. ETHZilla’s chairman and CEO McAndrew Rudisill stated on Monday that the company’s strategy is to utilize Ether (ETH) in “cash-flowing assets” within the Ethereum network by leveraging layer-2 protocols and tokenizing real-world assets. “We are confident that our business model offers high scalability, considerable fixed operating leverage, and ongoing positive cash flow.” An increasing number of digital asset firms are shifting from merely holding crypto to seeking yields through active ecosystem participation, which…
ETH treasury firm ETHZilla aims to raise an additional $350 million through new convertible bonds, with the proceeds designated for further Ether acquisitions and yielding investments within the ecosystem.ETHZilla’s chairman and CEO McAndrew Rudisill announced on Monday that the company intends to utilize Ether (ETH) in “cash-flowing assets” on the Ethereum network via layer-2 protocols and by tokenizing real-world assets.“We are confident that our business model is highly scalable, with significant fixed operating leverage and recurring positive cash flow.”An increasing number of digital asset firms are evolving beyond merely holding cryptocurrency and are now exploring avenues to generate yields through…