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.
PUMP has taken the lead in Solana’s meme coin discussions, experiencing a surge of over 120% within a month. However, the price has dropped around 5% following the offloading of $8.26 million in tokens by whales in the past 24 hours. The selling pressure is evident, yet charts and flows indicate that the structure of the PUMP rally remains intact. Selling Pressure Rises, but Smart Money and Retail Flows Remain StrongSponsored Over the last day, whales reduced their holdings by 5.58%, leaving a total of 17.81 billion tokens. At the current price of $0.00775, that equates to about $8.26 million…
Boundless has transitioned its protocol for verifiable compute from beta to a live production environment by officially activating its mainnet, aiming to validate the concept that blockchains can emulate the internet’s scaling model. Summary Boundless has launched its mainnet, featuring Proof of Verifiable Work and ZK Coin (ZKC). The network incentivizes provers for creating verifiable computation, moving away from traditional block mining. During Mainnet Beta, more than 2,500 provers and 411,000 participants engaged, raising $71M in the Kaito sale. On September 15, Boundless announced its mainnet activation, completing the transition from last year’s beta phase to full production. The launch…
Key takeaways:The Supertrend indicator for Solana (SOL) has issued a “buy” signal, historically leading to a price surge of 1,300%.Resistance at $250 and overbought conditions indicate a potential retest of $220 for SOL.Solana’s SuperTrend indicator signaled a “buy” on its weekly chart, a scenario that has typically heralded significant price increases.Past signals generated gains of 620%-3,200% for SOLThe SuperTrend indicator displayed a bullish signal on Solana’s weekly chart last week, transitioning from red to green and moving below the price.This indicator, similar to moving averages, overlays the chart and follows SOL’s price trend, employing the average true range to aid…
Important points:Bitcoin may 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 absorbed whale distributions totaling 715,000 BTC.Bitcoin (BTC) has surged nearly 6% this September, defying its usual bearish trends. Following a strong weekly showing, the asset peaked within a significant supply zone spanning $115,600 to $117,300. A definitive close above $117,300 could hint at a push towards new highs.With the upcoming Federal Open Market Committee (FOMC) meeting and anticipated interest rate cuts on Wednesday, Bitcoin is currently experiencing a slight correction, dipping…
Essential Insights: Bitcoin may revisit the $111,000–$113,000 range, echoing the breakout pattern noted in Q2. The URPD indicator reveals that 5.5% of BTC supply is concentrated in the $110,000–$113,000 bracket. New mid-sized investors have absorbed a whale distribution of 715,000 BTC. Bitcoin (BTC) has gained nearly 6% in September, challenging its typical bearish trends. After a strong week, it peaked in a significant supply area between $115,600 and $117,300. A strong close above $117,300 could indicate a potential surge toward new peaks. As the Federal Open Market Committee (FOMC) meeting approaches and interest rate reductions are anticipated this Wednesday, Bitcoin…
France has signaled its intention to potentially block cryptocurrency firms operating domestically under licenses obtained from other European countries, raising concerns about regulatory enforcement gaps within the European Union’s crypto framework.France’s securities authority, the Autorité des Marchés Financiers (AMF), informed Reuters on Monday about its worries regarding potential regulatory gaps in Europe’s Markets in Crypto-Assets Regulation (MiCA), recognized as the first comprehensive global crypto regulatory framework.The AMF is apprehensive that certain crypto firms might obtain licenses in more lenient EU jurisdictions and is contemplating a prohibition on operating in France with MiCA licenses from other member states.“We do not rule…
The brokerage firm Robinhood is set to introduce a closed-end fund, allowing retail investors access to its venture capital portfolio — a domain typically reserved for institutional investors and high-net-worth individuals.The brokerage revealed on Monday that it has submitted a Form N-2 to the US Securities and Exchange Commission (SEC) for registering shares of the Robinhood Ventures Fund I (RVI), to be managed by its new subsidiary, Robinhood Ventures DE.If granted approval, RVI shares will be listed on the New York Stock Exchange, facilitating the buying and selling process through participating brokerage platforms.Robinhood stated that the fund will invest in…
Key points:Bitcoin is encountering significant resistance at $117,500, but the bulls remain in control as long as the price holds above $113,400.Numerous altcoins are showing tendencies for profit taking in the short term, though lower levels are likely to attract buyers.Bitcoin’s (BTC) inability to surpass the $117,500 resistance on Monday triggered profit booking by short-term traders, causing the price to drop below $115,000. Material Indicators co-founder Keith Alan mentioned in a post on X that BTC has not peaked at $124,500 due to increasing institutional demand.Spot BTC exchange-traded funds recorded inflows of $642.35 million on Friday, according to SoSoValue data,…
At the BaseCamp event, Jesse Pollak, the creator of Coinbase’s layer-2 network Base, indicated that a native token may be on the horizon.This new token could promote decentralization and enhance opportunities for builders and creators, according to Base. “We’re in the early phases of our exploration, and don’t have any specifics to share around timing, design, or governance,” the network stated Monday.Base, an Ethereum-based layer-2 blockchain incubated by Coinbase, conducts transactions off-chain before finalizing them on Ethereum.Since its launch in 2023, the network has emerged as the leading Ethereum layer-2 blockchain, with approximately 20.8 million monthly active addresses recorded over…
Highlights:Bitcoin is encountering strong resistance at $117,500, yet bulls maintain control as long as the price remains above $113,400.Many altcoins are indicating profit-taking in the short term, but lower price points are expected to attract buyers.Bitcoin’s (BTC) inability to surpass the $117,500 resistance on Monday led to profit-taking by short-term traders, driving the price below $115,000. According to Material Indicators co-founder Keith Alan, BTC has not peaked at $124,500 due to increasing institutional demand.According to SoSoValue data, spot BTC exchange-traded funds saw inflows of $642.35 million on Friday, bringing weekly inflows to $2.34 billion. These inflows were not exclusive to…