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.
Helius Medical Technologies, listed on Nasdaq, is initiating a $500 million corporate treasury reserve centered around Solana, marking it as one of the largest Solana-focused treasury initiatives to date.The firm announced on Monday that it has priced an oversubscribed private investment in public equity (PIPE) offering of common stock at $6.88 per share, with stapled warrants exercisable at $10.12 for three years. This deal encompasses $500 million in equity and potentially $750 million in warrants, if fully exercised.Helius indicated that it will use the net proceeds from the offering to create a cryptocurrency treasury strategy, utilizing the Solana (SOL) token…
Shiba Inu’s decentralized finance platform on the Shibarium layer-2 network has issued a 5 Ether ($23,000) bounty to the perpetrator of a recent bridge exploit, requesting the return of stolen assets.On Monday, the DeFi platform communicated an onchain message to the attacker, indicating that the bounty offer will last for 30 days. They also announced that the bounty will decrease after seven days.“Settlement is atomic when we invoke recoverKnine(). If you call accept() we cannot retract the agreement. Code is law,” K9 Finance stated. “The bounty is active. Please, take action quickly.”In an X post on Saturday, Shiba Inu developer…
A newly established political action committee (PAC) dedicated to supporting “pro-innovation, pro-crypto candidates” in the United States has debuted with a funding of $100 million.In a post on X on Monday, the Fellowship PAC announced its inception “with over $100 million” sourced from undisclosed contributors as part of efforts to promote the Trump administration’s digital asset strategy.The PAC aims to endorse specific candidates for federal positions and prevent the “exodus of talent and entrepreneurs” from crypto firms in the US by facilitating regulatory clarity.“This PAC is crafted to unify the interests of crypto entrepreneurs, policymakers, and the public, ensuring trust…
Key insights:Bitcoin might revisit the $111,000–$113,000 range, reflecting the breakout pattern observed in Q2.The URPD metric indicates that 5.5% of BTC supply is concentrated between $110,000–$113,000.New mid-sized holders have taken on a whale distribution of 715,000 BTC.Bitcoin (BTC) has surged nearly 6% this September, countering its typical bearish trend. Following a strong weekly performance, the asset peaked near a significant supply zone between $115,600 and $117,300. A solid close above $117,300 would indicate a potential advance toward new highs.With the Federal Open Market Committee (FOMC) meeting on the horizon and anticipated interest rate cuts on Wednesday, Bitcoin is experiencing a…
US legislators are scheduled to meet with 18 leaders from the crypto industry, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can proceed with President Donald Trump’s Strategic Bitcoin Reserve. Attendees will also feature Fundstrat CEO Tom Lee, who is additionally the chairman of BitMine, along with MARA CEO Fred Thiel, as reported by crypto advocacy group The Digital Chambers, which provided the complete list to Cointelegraph on Monday. The industry leaders aim to generate support for the BITCOIN Act, a proposal introduced by US Senator Cynthia Lummis in March that urges the government to acquire one…
Helius Medical Technologies, listed on Nasdaq, is initiating a $500 million corporate treasury reserve centered around Solana, marking one of the largest treasury initiatives focused on Solana to date.The company announced on Monday that it has priced an oversubscribed private investment in public equity (PIPE) offering of common stock at $6.88 per share, accompanied by stapled warrants exercisable at $10.12 for three years. The deal comprises $500 million in equity and up to $750 million in warrants, contingent on full exercise.Helius stated that it will utilize the net proceeds from the offering to develop a crypto treasury strategy, with the…
US lawmakers are scheduled to meet with 18 crypto industry leaders, including Strategy chairman Michael Saylor, on Tuesday to discuss advancing President Donald Trump’s Strategic Bitcoin Reserve.Attendees will also feature Fundstrat CEO Tom Lee and MARA CEO Fred Thiel, as noted by the crypto advocacy group The Digital Chambers, which provided the complete list to Cointelegraph on Monday.The industry executives aim to gain traction for the BITCOIN Act — proposed by US Senator Cynthia Lummis in March — which seeks government acquisition of one million Bitcoin (BTC) over five years.Funding for these purchases would come from the Federal Reserve and…
Last week witnessed a rise in investor interest throughout the crypto sector, propelling several assets to achieve new weekly peaks. This optimistic trend is evident in an approximate 6% surge in the total cryptocurrency market capitalization, indicating renewed bullish activity among traders and investors. With this growing enthusiasm, some U.S.-based digital assets have marked significant gains and seem ready for additional upward movement this week. Hifi Finance (HIFI)Sponsored HIFI, the native token for the decentralized finance (DeFi) platform Hifi Finance, stands out as one of the U.S.-origin coins to monitor this week. After Binance’s announcement regarding its delisting, the token’s…
Pi Network has recently updated its blockchain protocol to a new version that is currently operating on a testnet. This process is anticipated to gradually transition from version 20 to version 23 over the upcoming phases. Summary Pi Network has progressed from version 19 to 20, marking the beginning of an evolutionary upgrade towards version 23. Following the blockchain upgrade, Pi coin saw an increase of up to 10%. However, it has struggled to maintain a price higher than its previous peak. Dr. Altcoin, an advocate for Pi Network, stated on X that the blockchain upgrade began around mid-September, with…
Key takeaways:Investments from corporate treasuries are driving steady demand and bolstering SOL’s price momentum.The dominance of DEXs, growth in fees, and interoperability advancements strengthen Solana’s competitive position in the blockchain space.Solana’s native token SOL (SOL) encountered a significant rejection after reaching the $250 mark on Sunday. Despite this correction, SOL has risen 24% in the past month, aided by robust onchain activity.Traders are currently pondering whether the existing momentum could propel SOL toward $300, especially as the Solana network has reclaimed its position as the leader in decentralized exchange (DEX) trading volumes.Daily market share of decentralized exchanges. Source: DefiLlamaIn September,…