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.
502 Bad Gateway
Arthur Hayes, co-founder of BitMEX, has liquidated his entire stash of Hyperliquid (HYPE) — apparently for a Ferrari — merely a month after predicting that the token would soar about 126 times over the next three years.“Need to pay my deposit on the new Rari 849 Testarossa,” Hayes stated on September 21.This update followed an X post from blockchain data platforms like Lookonchain on September 21, revealing that Hayes made approximately $823,000 in profit from his 96,628 HYPE, yielding a 19.2% gain, based on data from HypurrScan.The Ferrari 849 Testarossa is priced up to $590,000. Source: Ferrari YouTube channel Arthur…
The Ronin Treasury plans to repurchase over $4 million in RON tokens from the open market to help decrease the circulating supply, which may lead to higher prices. The blockchain focused on gaming, Ronin Network, announced on Sunday its intention to start converting all its Ether (ETH) and USDC (USDC) holdings into RON over the span of a month, initiating on Sept. 29. This buyback initiative will enhance the amount of Ronin (RON) in the treasury while reducing the tokens available in circulation. Presently, there are 693 million out of a total of 1 billion tokens circulating, which places Ronin’s…
Arthur Hayes, co-founder of BitMEX, has liquidated his entire Hyperliquid (HYPE) holdings just a month after forecasting a 126x surge for the token over three years—reportedly to fund a Ferrari.“I need to pay my deposit on the new Rari 849 Testarossa,” Hayes posted on Sept. 21.This announcement followed a post on X by blockchain data platforms like Lookonchain on Sept. 21, revealing that Hayes earned approximately $823,000 from his 96,628 HYPE, which resulted in a 19.2% gain according to HypurrScan data.The Ferrari 849 Testarossa will be listed for up to $590,000. Source: Ferrari Youtube channelHayes predicted HYPE to soar 126x…
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.DXY vs BTCLast week, the Federal Reserve (Fed) made its first interest rate cut since December, indicating more reductions may be on the horizon. However, despite this dovish shift, the dollar index (DXY), which measures the dollar’s strength against major currencies, ended the week with a dragonfly doji on the weekly chart—a classic bullish reversal signal that hints at a potential USD rally.The dragonfly doji derives its name from its unique “T” shape, resembling the fragile wings of a dragonfly or the blade of a bamboo-copter toy.…
Crypto exchange Crypto.com has refuted claims that it concealed a 2023 data leak involving user information from authorities.Bloomberg reported on Friday that Noah Urban, a member of the hacking group Scattered Spider, stated the group phished their way into a Crypto.com employee’s account before early 2023, exposing personal data of some users.Blockchain investigator ZachXBT subsequently asserted on X that Crypto.com “covered up a breach that impacted the personal information of your users,” noting that Crypto.com had been “breached several times.”The Bloomberg report prompted some crypto experts to criticize Crypto.com, suggesting it should have been more transparent given the heightened concerns…
A Bloomberg investigation reveals that Crypto.com, one of the leading cryptocurrency exchanges globally, endured a security breach that was never publicly acknowledged. The report associates the incident with Scattered Spider, a hacking group known for employing social engineering tactics to target businesses. This group primarily consists of teenagers skilled in deceiving employees into revealing their credentials.Sponsored Sponsored As reported by Bloomberg, the attackers masqueraded as IT personnel and convinced unnamed Crypto.com employees to provide login credentials. After gaining access, they aimed to escalate their privileges by targeting accounts of senior staff members. In response, Crypto.com stated to Bloomberg that only…
Sure! Here’s a rewritten version of your content while keeping the HTML tags intact: If you’ve been keeping up with recent developments, you may be aware that Vietnam has permanently closed over 86 million bank accounts. With an estimated 200 million total bank accounts in the country, this means approximately 43% have been frozen or erased to “combat fraud and cybercrime.”This significant wave of account closures follows stringent new regulations requiring biometric authentication from users, resulting in one of the most effective promotional campaigns for Bitcoin to date.86 million bank accounts: Vietnam’s biometric transitionAs reported by Vietnam News and the…
Jimmy Song, a Bitcoin (BTC) developer and supporter, criticized the choice made by Bitcoin Core developers to eliminate the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 update, labeling it a “fiat” mindset.Song accused the Core developers of ignoring user concerns about lifting the OP_Return limit, which currently stands at 80 bytes, and dismissing the significant backlash from the Bitcoin community and node operators. He also stated:“The assertion that spam is hard to define, and therefore we shouldn’t make any distinctions in the software, is a time-wasting argument stemming from fiat politics…
Jimmy Song, a prominent Bitcoin (BTC) developer and advocate, criticized the Bitcoin Core developers’ decision to eliminate the OP_Return limit for non-monetary data on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, labeling it as a “fiat” mindset.Song accused the Core developers of dismissing user concerns about the removal of the OP_Return limit, currently set at 80 bytes, and neglecting the substantial backlash from the Bitcoin community and node operators. He also stated:“The claim that spam is hard to define, and therefore we shouldn’t differentiate in the software, is a futile argument from fiat politics that pretends not…