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.
Large holders of Bitcoin, known as whales, are liquidating portions of their Bitcoin holdings to capitalize on the price movement of Ether.This indicates a “natural rotation” in the market towards Ether (ETH) and other altcoins that show greater potential for gains, according to Nicolai Sondergaard, a research analyst at the crypto intelligence platform Nansen, in a statement to Cointelegraph.Despite growing fears of selling pressure, as the Ethereum validator queue hit a record high nearing $5 billion worth of ETH tokens on Thursday, resulting in withdrawal times stretching to an unprecedented 18 days and 16 hours, investor capital seems to be…
Key takeaways:Ether fell below $4,300 after failing to maintain momentum above $4,700, with $338 million in liquidations intensifying the selling pressure.Analysts point to $4,300 as a critical support level, but September’s historical weaknesses raise the likelihood of a 10% downturn.A drop in open interest and negative funding rates indicate long positions are being liquidated, potentially setting the stage for a rebound if spot demand returns.Ether (ETH) was unable to hold above the $4,700 resistance this week, falling back below the $4,300 mark on Friday, breaching a vital ascending trendline support highlighted by Fundstrat’s Tom Lee.Ether one-day chart. Source: Cointelegraph/TradingViewThis drop…
Key takeaways:Ether dropped below $4,300 after failing to hold above $4,700, with $338 million in liquidations increasing the sell pressure.Analysts point to $4,300 as a critical support level, but September’s historical weakness raises the risk of a 10% pullback.A decrease in open interest and negative funding rates indicate that long positions are being eliminated, which could create conditions for a rebound if demand returns.Ether (ETH) struggled to maintain momentum above the $4,700 resistance this week, falling back under $4,300 on Friday, breaching an important ascending trendline support noted by Fundstrat’s Tom Lee.Ether one-day chart. Source: Cointelegraph/TradingViewThis shift occurred amid decreasing…
A proposed class action lawsuit against Strategy, which accused the business intelligence firm and its executive chairman, Michael Saylor, of misleading investors regarding the risks of its significant Bitcoin investments, has been voluntarily dismissed by the plaintiffs, as reported by Bloomberg. Summary Investors have voluntarily withdrawn a proposed class action against Strategy, concluding allegations that the company misled shareholders about Bitcoin risks and accounting practices. The lawsuit, initiated in May, accused Michael Saylor and other executives of exaggerating Bitcoin gains while downplaying volatility and accounting implications. As per a Bloomberg report dated August 29, investors voluntarily dismissed their proposed class…
Tether has decided to cease freezing USDT on Omni, BCH SLP, Kusama, EOS, Algorand, and various other legacy chains. Consequently, these assets will be deemed “unsupported,” entering a financial void without any official issuance or redemption processes. Summary Tether cancels its planned USDT freeze on legacy blockchains, including Omni, BCH SLP, Kusama, EOS, and Algorand. Tokens on these networks change to “unsupported,” allowing transfers but with no official issuance or redemption. The adjustment was made in response to community input and aligns with Tether’s overarching strategy focusing on active, in-demand chains. On August 29, USDT issuer Tether revealed a crucial…
Key points:Bitcoin may drop to the range of $105,000 to $100,000 over the weekend.Ether has experienced a recent pullback but is holding above the critical support level of $4,094.Bitcoin (BTC) fell to approximately $108,100 on Friday, marking its lowest point since July 8, indicating a potential loss of bullish momentum. Veteran trader Peter Brandt mentioned on X that BTC must exceed $117,570 to neutralize the last seven weeks, which could suggest a double top.Despite this short-term weakness, network economist Timothy Peterson expressed optimism regarding BTC’s future for the remainder of the year. In a post on X, he noted that…
21Shares, a Switzerland-based asset manager and issuer of cryptocurrency exchange-traded products (ETPs), has launched the Hyperliquid ETP on the SIX Swiss Exchange. This product allows investors to gain exposure to the Hyperliquid token without needing wallets or on-chain custody.In a Friday announcement, the company highlighted Hyperliquid as a leading venue for decentralized derivatives, claiming it handles over $8 billion in daily volume, with $2 trillion in trades since its launch in 2023, accounting for roughly 80% of total decentralized perpetuals activity.This listing represents the first institutional-grade product providing exposure to the Hyperliquid protocol and follows closely after Hyperliquid’s token (HYPE)…
Key points:Bitcoin might dip into the $105,000 to $100,000 range over the weekend.Ether has experienced a short-term pullback but remains above the vital $4,094 support level.Bitcoin (BTC) fell to around $108,100 on Friday, marking its lowest point since July 8, indicating a potential loss of bullish momentum. Veteran trader Peter Brandt noted on X that BTC needs to return above $117,570 to negate the previous 7 weeks as a potential double top.Despite recent weaknesses, economist Timothy Peterson expressed optimism for BTC’s performance for the remainder of the year. He mentioned in a post on X that BTC historically rises 70%…
The price of Ethereum has dropped over 5% today, trading around $4,300, marking one of its most significant daily declines in recent weeks. However, it maintains a monthly gain of over 13%, indicating that the overall upward trend remains intact. The key question now is whether this dip is merely noise or the beginning of a more substantial decline. On-chain and technical indicators suggest that the downturn may be temporary, as profit-taking subsides and whales begin to re-enter the market. Profit Taking Eases As Whales Add $1 Billion ETH The Spent Coins Age Band, which measures the sale of long-held…
News BackgroundOn August 24–25, a significant transfer of 900 million DOGE (valued at over $200 million) to Binance stirred concerns about distribution by long-term holders.As regulatory uncertainty and global economic challenges rise, corporate treasuries and institutional funds are diminishing their meme-coin holdings.The strength of network security remains high, with Dogecoin’s hashrate surpassing 2.9 petahashes per second, indicating strong mining participation amid price fluctuations.Although broader crypto markets are buoyed by expectations of easing Fed policies, DOGE lags behind major cryptocurrencies like BTC and ETH.Price Action SummaryDuring the 24-hour period from August 28 at 09:00 to August 29 at 08:00, DOGE declined…