Author: Ethan Carter

This week, Avalanche experienced transaction growth that outpaced all other blockchain networks, indicating a shift in investor focus towards the utility token of the smart-contract blockchain, which is also gaining traction in government adoption.Avalanche, designed to enhance scalability and usability, has become one of the fastest-growing blockchain networks.Transactions on Avalanche surged over 66% in the past week, exceeding 11.9 million transactions across more than 181,300 active addresses, according to crypto intelligence platform Nansen in a Friday X post.The spike in transactions might indicate rising investor interest in the Avalanche (AVAX) token, driven by Avalanche’s recent governmental applications and new exchange-traded…

The Solana blockchain experienced a significant drop in revenue during the second quarter of 2025, even as its decentralized finance ecosystem continued to grow.A recent report from Messari indicates that while the total value locked (TVL) in the network increased, application revenue—termed Solana’s “Chain GDP”—declined sharply during the analysis period.According to the report, Solana’s total application revenue fell by 44.2% quarter-over-quarter, decreasing from $1 billion in Q1 to $576.4 million in Q2. This decline was linked to diminished profitability across major decentralized applications.Solana App Revenue in Q2 (Source: Messari)PumpFun, the top contributor to Solana’s revenue, generated $156.9 million over the…

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Digital asset investment company CoinShares announced a 26% increase in its assets under management (AUM) for the second quarter of 2025, reaching $3.46 billion.CoinShares stated that this growth occurred despite a $126 million outflow in its XBT Provider products. However, rising cryptocurrency prices helped boost growth during Q2, with Bitcoin (BTC) increasing by 29% and Ether (ETH) up by 37% in the same period.As BTC and ETH reached new highs in August, CoinShares CEO Jean-Marie Mognetti expressed optimism for a robust second half of the year.“The overall market activity indicates we are set for a strong second half, as reflected…

Key points:Bitcoin whales are being blamed as “spoofy” transactions push BTC prices below $110,000.The “whale playbook” indicates that price patterns are repeating from earlier in August.US PCE inflation data is closely monitored as a potential market mover.Bitcoin (BTC) saw a nearly 3% decline on Friday as whale selling came back into focus.BTC/USD one-hour chart. Source: Cointelegraph/TradingView“Spoofy” Bitcoin price movements raise concernsData from Cointelegraph Markets Pro and TradingView revealed that BTC/USD experienced a $3,000 drop to local lows of $109,436 on Bitstamp.As crypto long liquidations hit $350 million within 24 hours, traders pointed fingers at whales.Crypto liquidations (screenshot). Source: CoinGlass“This isn’t…

Key points:Bitcoin whales are being pointed to as “spoofy” transactions drive BTC price below $110,000.The Bitcoin “whale playbook” suggests a repetition of price movements from earlier in August.US PCE inflation data is being closely examined as a potential market influencer.Bitcoin (BTC) dropped nearly 3% on Friday as focus shifted back to whale selling.BTC/USD one-hour chart. Source: Cointelegraph/TradingView“Spoofy” Bitcoin price movements raise doubtsAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD plummeted by $3,000 within hours, reaching local lows of $109,436 on Bitstamp.As crypto long liquidations soared to $350 million in 24 hours, traders attributed the decline to whales.Crypto liquidations…

Charles Hoskinson, one of the founders of Ethereum and a key figure behind Cardano, shared an expansive outlook for the cryptocurrency markets and payment systems this week. Related Reading He forecasted that Bitcoin might soar to $250,000 during this market cycle and mentioned that its total market capitalization could approach $10 trillion over the next five years. According to reports, he connects this outlook to new US stablecoin regulations and what he describes as a more transparent market environment. Bitcoin’s Functionality And Constraints In a conversation on the David Lin Report, Hoskinson contended that Bitcoin’s architecture enhances its role as…

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Summary A hacking group reportedly stole $28.1 million (₩39 billion) from the accounts of 258 affluent Koreans, including celebrities and top executives. The largest single crypto theft amounted to $15.4 million (₩21.3 billion), though officials have not detailed how much of the total was in cryptocurrency. This incident reveals fundamental weaknesses in South Korea’s digital security as international crime syndicates increasingly target the nation’s elite, per Decrypt’s sources. Seoul police have dismantled an international hacking operation that specifically targeted South Korea’s richest individuals, including BTS member Jungkook and prominent business figures, after the group stole $28.1 million (₩39 billion) from…

The POL price has experienced consolidation for the third week in a row, but increasing adoption of the Polygon Network indicates a possible breakout rally may be approaching. Summary The POL price has been moving within a horizontal parallel channel over the past three weeks. The U.S. Department of Commerce has chosen Polygon to publish key economic data on-chain. According to data from crypto.news, POL (POL) was trading at $0.24 last checked Friday, Aug. 29, in the afternoon of Asian time with a market cap exceeding $2.59 billion. The token stands 26% above its August low and 50% above its…