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.
Key insights:Bitcoin miners liquidated $485 million in BTC over a 12-day period ending Aug. 23.Despite these sell-offs, Bitcoin’s network hashrate and fundamentals remain strong.Bitcoin (BTC) surged back to the $112,000 level on Thursday, bouncing back from a six-week low just two days earlier. However, traders are still wary as miners have been selling coins at the fastest rate in nine months. This raises the question of whether it indicates the onset of deeper issues or if other factors are driving these outflows.Bitcoin miners’ 5-day average net flows, BTC. Source: GlassnodeData from Glassnode reveals consistent decreases in miner wallets from Aug.…
21Shares, a crypto asset manager, has submitted a filing to the US Securities and Exchange Commission (SEC) to initiate an exchange-traded fund (ETF) that tracks the price of SEI, following an earlier application by Canary Capital in April.The S-1 registration statement submitted to the SEC on Thursday outlines the intention to employ CF Benchmarks, a crypto price index provider, for tracking SEI prices with data gathered from various crypto exchanges.SEI serves as the native token of the Sei network, which was launched in August 2023. This network functions as a layer 1 blockchain, focusing on trading infrastructure for decentralized exchanges…
Bitcoin miner IREN has achieved its most profitable quarter to date, reporting earnings of $187.3 million last quarter, contributing to a record $501 million in revenue for the fiscal year, leading to a nearly 14% increase in its stock during after-hours trading.The quarterly revenue for the period ending June 30 saw a remarkable 226% year-over-year increase, allowing the company to return to profitability with a net income of $176.9 million, IREN announced in a report on Thursday.This spike in earnings was fueled by growth in its Bitcoin (BTC) mining operations, alongside the company’s efforts to expand its presence in the…
MAGACOIN FINANCE is emerging as a top contender among altcoins to invest in alongside Bitcoin and SUI. Currently trading below $0.0005, it offers an early opportunity for traders before broader listings. What distinguishes MAGACOIN is its blend of meme coin appeal with actual DeFi utility. Bitcoin, SUI, and MAGACOIN FINANCE are currently highlighted as leading altcoins for 2025. With Bitcoin taking the lead, SUI’s swift expansion, and MAGACOIN FINANCE still under $0.0005, traders see these three as strategic choices for significant returns in the upcoming cycle. Bitcoin’s government support bolsters its position Bitcoin continues to confirm its status as the…
Key takeaways:Previous SOL/BTC golden crosses have led to 1,000% surges in the SOL/USD pair.With an altseason environment and nearly $3 billion in new treasury investments, Solana’s future seems promising.Solana (SOL) is currently exhibiting a rare golden cross against Bitcoin (BTC), a formation that has historically triggered sharp rallies in both BTC and USD.Past SOL golden crosses led to 1,000% gainsOn Thursday, the 50-day simple moving average (50-day SMA; the red line) of SOL/BTC was set to rise above the 200-day SMA (the blue line), confirming a golden cross formation.“We’ve seen this before in 2021, 2023, and it’s shaping up again…
Web3 startup aPriori has secured $20 million to enhance its trading infrastructure platform, aiming to integrate high-frequency trading (HFT) onchain while addressing both technical and market challenges within decentralized finance (DeFi). This funding round comes amidst increasing interest from institutional investors in DeFi as a viable source of yield.The financing round saw contributions from Pantera Capital, HashKey Capital, Primitive Ventures, IMC Trading, Gate Labs, among others, elevating the company’s total funding to $30 million.Established in 2023, this San Francisco-based company was founded by former quant traders and engineers seasoned in firms like Coinbase, Jump Trading, and Citadel Securities.The aPriori platform…
While Ethereum (ETH) was unable to surpass the $5,000 threshold on August 24, after a pullback from an all-time high (ATH) of $4,956, the second-largest cryptocurrency by market capitalization seems poised to reach that target soon, spurred by a surge in new contract activity. Significant Growth in Ethereum Contract Activity – Will the Price Follow Suit? According to a CryptoQuant Quicktake by contributor PelinayPA, a notable rebound in Ethereum contracts may occur in 2024 and 2025. This year alone, new contracts have dramatically increased as ETH’s price exceeded $4,500. Source: CryptoQuant The CryptoQuant analyst noted that during the 2016-17 market…
Key takeaways:Bitcoin miners liquidated $485 million in BTC over a 12-day span ending Aug. 23.Despite the sell-off by miners, the Bitcoin network’s hashrate and fundamentals show resilience.Bitcoin (BTC) regained the $112,000 level on Thursday, bouncing back from a six-week low reached just two days earlier. However, traders remain cautious as Bitcoin miners are selling coins at the highest rate in the last nine months. This raises the question of whether it signals deeper issues or if other factors are influencing the outflows.Bitcoin miners’ 5-day average net flows, BTC. Source: GlassnodeMiner wallets monitored by Glassnode indicate a steady decline from Aug.…
Here’s the rewritten content while keeping the original HTML tags intact: Reasons to Trust Stringent editorial standards emphasizing accuracy, relevance, and neutrality Developed by industry professionals and thoroughly vetted Pursuing the highest standards in journalism and publishing Stringent editorial policies that prioritize accuracy, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Top analyst Miles Deutscher believes the crypto market’s current stagnation is being misunderstood. In a recent video entitled “Why The Crypto Bull Run Is Far From Over (Data Says This Happens Next),” the commentator—who boasts over 630,000…
The price of Pyth Network surged over 60% following the announcement that the U.S. Department of Commerce has chosen the oracle platform as a key partner for verifying and distributing on-chain economic data. Summary Pyth Network’s price jumped 60%, reaching $0.20 as trading volume surged by 2,700%. The increase in PYTH’s value followed the selection by the U.S. Department of Commerce to validate and disseminate economic data on-chain. On Thursday, August 28, the U.S. Department of Commerce announced it would release the nation’s economic data on the blockchain, with Pyth Network (PYTH) and Chainlink (LINK) designated as the blockchain platforms for this…