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.
Recently, Bitcoin briefly declined below $110,000, resulting in one of the largest liquidation events seen in a while. According to data from Coinglass, crypto traders suffered losses totaling $811.6 million, with over 179,000 positions liquidated. Discussing this significant liquidation wave, Sean Dawson, head of research at Derive.xyz, commented to CryptoSlate: “This rapid shift seems to stem from overleveraged positions, especially following the recent spike in ETH, alongside a dip in the S&P 500 that affected risk assets more generally.” Importantly, the largest single liquidation occurred with a BTC-USDT order valued at $39.2 million on HTX. Long traders, who anticipated a…
US Commerce Secretary Howard Lutnick announced that the Department of Commerce will start publishing economic statistics, including gross domestic product (GDP) data, on the blockchain.During a White House cabinet meeting on Tuesday, Lutnick described this initiative as a step toward enhancing blockchain-based data distribution across government agencies. Addressing US President Donald Trump and fellow officials, he stated:“The Department of Commerce will begin issuing its statistics on the blockchain, because you are the crypto president, and we are going to place our GDP on the blockchain for public use in data and distribution.”Lutnick mentioned that the initiative will commence with GDP…
Key takeaways:SOL faces challenges in maintaining $200 as onchain activity declines and leveraged demand remains low.An approval for a spot ETF and institutional interest could boost SOL, but current fundamentals indicate limited rally potential.Solana’s native token (SOL) has consistently struggled to stay above $200 over the last six weeks, prompting traders to ponder what’s restraining further growth. This concern is amplified by competitors Ether (ETH) and BNB (BNB) reaching new all-time highs recently.The potential approval of a Solana spot exchange-traded fund (ETF) in the United States, coupled with companies indicating intentions to incorporate SOL into their corporate reserves, could elevate…
Crypto millionaire James Wynn stated that the downturn in the August market is coming to a close, despite his recent liquidations involving a memecoin by an alleged market maker “cabal.”Wynn faced liquidation on his latest 10x leveraged long position that anticipated an increase in the price of Dogecoin (DOGE), incurring a loss of $22,627, as per information from blockchain data platform Onchain Lens’ Monday X post.This loss was relatively minor for Wynn, especially compared to a leveraged $100 million position that was liquidated on May 30, when BTC dipped below a 10-day low of $105,000.Wynn attributed his recent liquidation to…
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Hut 8 (HUT), a bitcoin mining and digital infrastructure firm, experienced a surge on Tuesday after announcing plans to double its power capacity with four new locations in the US. These initiatives, backed by a $2.4 billion liquidity framework, will enhance the company’s position in the bitcoin mining and digital infrastructure space. Shares climbed 10.49% to close at $25.91, reaching the highest point in seven months, even while bitcoin traded below $110,000. Four New Projects Across the US Add 1.5 GW Hut 8 (HUT) announced the construction of four new facilities totaling 1,530 megawatts (MW) of power capacity across Louisiana,…
In 2025, the influx of funds into Iranian cryptocurrency trading platforms has declined due to a collapse in nuclear discussions with Israel, a $90 million breach of Iran’s largest crypto exchange, and a significant stablecoin blacklisting, according to blockchain analytics firm TRM Labs.During the first seven months of the year, Iranian crypto flows reached $3.7 billion, marking an 11% decrease from the same timeframe last year, with the steepest decline occurring in June and July, TRM Labs reported on Tuesday.“This downturn coincided with a breakdown in nuclear negotiations, a 12-day conflict with Israel starting June 13, and pervasive power outages…
Summary Commerce Secretary Howard Lutnick revealed that his department will start publishing economic data “on the blockchain,” positioning it as part of the Trump administration’s engagement with the cryptocurrency space. Lutnick did not specify which blockchain would be utilized or how this system could enhance government operations. The program could extend beyond the Commerce Department, with Lutnick suggesting potential implementation across the entire U.S. government. U.S. Commerce Secretary Howard Lutnick announced on Tuesday that his department will begin publishing economic data “on the blockchain” as the Trump administration takes steps to connect with the crypto industry.“The Department of Commerce is…
Numeraire’s price has risen by 40% to approximately $12.40 following JPMorgan’s $500 million investment in Numerai. The NMR token has surged to levels last observed in February. JPMorgan’s investment significantly increases Numerai’s overall capacity. Numeraire (NMR), the token associated with the San Francisco-based crypto hedge fund Numerai, has experienced a surge of over 40% within the last 24 hours due to JPMorgan’s announcement of an investment in the hedge fund. On Aug. 26, the Numerai team declared that JPMorgan secured a $500 million capacity within Numerai, which sparked this rapid increase in price. The gains have surpassed those of Cronos…
Summary Cloudflare One now provides IT teams with insights into employee interactions with generative AI tools—like ChatGPT, Claude, and Gemini—through agentless API integrations and prompt controls in real time. Included features comprise a Shadow AI report that identifies all AI tools being utilized within an organization. It also offers AI Prompt Protection, which can alert or block employees trying to upload sensitive data to AI platforms. Employers might appreciate generative AI—until an employee inadvertently shares internal financial data or proprietary code with ChatGPT, Claude, or Gemini, risking the company’s confidential information.Cloudflare, whose technology supports almost 20% of the web, has…