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.
The price of Bitcoin has seen a significant decline, with the largest cryptocurrency in the market dropping 8% over the past month. This downturn has led to considerable criticism on social media, particularly aimed at the crypto exchange Binance, which some investors blame for exacerbating the current market downturn. Is Binance Responsible for the Bitcoin Price Drop? Market analyst DeFitracer shared thoughts on social media platform X (formerly Twitter), raising questions about why the market is undergoing a sell-off despite what he considers an abundance of positive factors. These positive indicators include record investments into crypto exchange-traded funds (ETFs) and…
Tether, the stablecoin issuer, has decided not to freeze USDT smart contracts on five chains, stating that the tokens will remain transferable but will no longer be issued or redeemed.This updated plan affects users on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand, as Tether announced on Friday after considering feedback from these ecosystems. “In light of community feedback from these discontinued blockchains, Tether has updated its approach and will not be freezing the smart contracts on these networks.”Though users will still be able to transfer tokens on these blockchains, Tether is ceasing direct issuance and redemption on them.…
Gryphon Digital Mining, a publicly listed Bitcoin miner located in Las Vegas, Nevada, has secured final shareholder approval to merge with American Bitcoin, a mining firm associated with US President Donald Trump’s family.Shareholders ratified the stock-for-stock merger on Wednesday, with the company announcing the news on Friday. As part of the agreement, a reverse five-to-one stock split and new listing are set for 5:00 pm ET on Sept. 2.After the reverse split, the merged entity will take on the American Bitcoin name and trade under the ticker symbol “ABTC.”This reverse stock split will reduce the company’s outstanding shares from 82.8…
Highlights: Bitcoin may drop to between $105,000 and $100,000 this weekend. Ether is experiencing a short-term decline but is still above the vital $4,094 support level. Bitcoin (BTC) fell to approximately $108,100 on Friday, marking its lowest point since July 8. This indicates a potential loss of strength among bulls. Veteran trader Peter Brandt noted on X that BTC must rise above $117,570 to negate the possibility of a double top formation from the past seven weeks. Despite the short-term weakness, network economist Timothy Peterson expressed optimism about BTC’s performance for the remainder of the year. He mentioned in a…
On Friday, Aug. 29, IREN’s stock price soared to an all-time peak following the company’s impressive financial performance, prompting several analyst upgrades. Summary IREN’s stock price rose to new heights after reporting robust financial results. Analysts on Wall Street are optimistic about the company’s transition to AI. Technical assessment suggests a possible short-lived pullback ahead. IREN reached $28.50, marking an increase of 2,770% from its lowest point in 2023, resulting in a market cap exceeding $7.3 billion. The stock has gained over 140% this year. Analysts Raise IREN Stock Target Following Earnings Report As a leading Bitcoin (BTC) miner and…
The Solana Policy Institute, a nonprofit advocacy group for Solana, has committed $500,000 to the legal defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev, further expanding the financial backing from the crypto community.On August 6, Storm was convicted for running an unlicensed money-transmitting business, while Pertsev faced a money laundering conviction in 2024 related to Tornado Cash, a protocol that helps users obscure the origins and destinations of their crypto transactions.The Solana Policy Institute announced on Thursday that their $500,000 donation will support Storm (who is pursuing post-trial motions to overturn his conviction) and Pertsev’s appeal.Through community fundraising,…
Despite the project’s new title ranking among Apple’s top downloads, the native token of Pudgy Penguins experienced a decline on Friday.The PENGU (PENGU) token dropped nearly 4% on Friday, following the debut of Pudgy Party, a battle royale game launched on Android and iOS, even as the game surpassed 50,000 downloads on the Google Play store and secured a spot in the top 10 most downloaded games on Apple’s App Store.Pudgy Penguins is a well-known non-fungible token (NFT) initiative in the crypto realm. It enhances its on-chain digital identity with trading cards, plush penguin-themed toys, video games, and various other…
The real-world asset (RWA) sector has experienced a downturn, with RWA tokens decreasing by 3.7% in the last month, trailing behind trends like liquid staking and GameFi. Nevertheless, the long-term growth narrative remains resilient. Despite this correction, several RWA altcoins to monitor in September are demonstrating robust fundamentals and appealing price structures. Chainlink (LINK) Chainlink continues to be the most prominent RWA altcoin, reinforced by a recent partnership announcement with the US Department of Commerce aimed at bringing government macroeconomic data onto the blockchain. On-chain metrics reveal that whales and major addresses have positioned themselves advantageously. Whale holdings increased by…
Key takeaways:Increasing US trade deficits, insider stock sales, and struggling Chinese banks are amplifying global investor apprehension.Large holders and miners continue to offload Bitcoin, with macroeconomic challenges as the primary influence.Bitcoin (BTC) has plunged to its lowest point in 50 days, dropping below $108,000. This sudden drop surprised traders, leading to $137 million in liquidations of leveraged bullish positions. The decline followed a 1.2% dip in the tech-heavy Nasdaq 100 index, fueled by rising concerns about the durability of growth in the artificial intelligence sector.Market players are now evaluating if Bitcoin’s decline reflects wider macroeconomic pressures or if it’s confined…
Tokenized institutional alternative funds (IAF) have risen by 47% over the past month, achieving a total value of $1.74 billion, according to data from the real-world asset (RWA) tokenization tracker RWA.xyz.The data indicated that all protocols, except for Libre Capital, recorded percentage gains in the last 30 days. Centrifuge spearheaded the growth with a 252% increase in market cap, reaching $704 million, giving it a 40.4% market share in IAFs.In addition to IAFs, Centrifuge reported nearly $400 million in tokenized US Treasury products, raising its total value locked (TVL) over the $1 billion mark. This achievement enabled Centrifuge to join…