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.
Main Points:XRP indicates a bearish descending triangle on the daily chart, posing an 18% risk of dropping to $2.40.A decrease in daily active addresses shows lowered transaction activity and diminishing XRP demand.Spot taker CVD is negative, indicating decreasing investor interest.XRP (XRP) is trading 23% below its multi-year high of $3.66, with multiple indicators pointing to a potential decline toward $2.40.According to Cointelegraph Markets Pro and TradingView, XRP is trading beneath a descending triangle pattern in the daily timeframe, as illustrated in the chart below.A descending triangle is a bearish pattern, marked by a flat support line and a declining upper…
The cross-chain bridge Wormhole is preparing to counter LayerZero’s $110 million offer for the crypto protocol Stargate, claiming that LayerZero’s bid fails to present a convincing proposal.The Wormhole Foundation stated in a forum post on Stargate’s site on Wednesday that a “more competitive process” is warranted after LayerZero’s initial bid in August did not resonate with the community. LayerZero revised its offer on Sunday, garnering better reception.“It does not make a convincing offer, which values Stargate’s ongoing business at an unrealistically low figure,” Wormhole expressed regarding LayerZero’s bid. “We are ready to make a significantly higher offer.”This upcoming bid could…
Panelists at the Wyoming Blockchain Symposium emphasized that the United States still has time to align its crypto regulatory frameworks with those of other regions, cautioning that inaction may result in stagnation and the US lagging behind other nations.“I don’t think it’s too late, even with the Markets in Crypto Assets (MiCA) in the European Union (EU),” stated Sylvia Favretto, general counsel and corporate secretary at Mysten Labs, the developer of the Sui network, said.However, she mentioned that the window of opportunity is “small” and advocated for immediate action. Stuart Alderoty, chief legal officer at Ripple, remarked:“If we seize on…
The cross-blockchain bridge Wormhole is planning to counter LayerZero’s $110 million proposal to acquire the crypto protocol Stargate, claiming that LayerZero’s offer does not present a “compelling opportunity.”The Wormhole Foundation stated in a post on Stargate’s forum on Wednesday that it is deserving of “a more competitive process” after LayerZero Foundation’s initial $110 million bid in August failed to strike a chord with the community. LayerZero revised its offer on Sunday, receiving a better reception.“It doesn’t create a compelling offer, which values Stargate’s ongoing business at an unreasonably low number,” Wormhole remarked regarding LayerZero’s proposal. “We are ready to present…
As traders interpret Fed indicators and a slowdown in accumulation, Bitcoin’s ascent has encountered a temporary hurdle, eyeing a target of $110,000. Summary Following a significant drop post-ATH, Bitcoin is currently consolidating around the mid-$110Ks, influenced by profit-taking as of August 16. The prospect of touching $110,000 is still alive after a failed recovery; on-chain data shows a dense cost-basis cluster around $116,963, projecting bearish Bitcoin price predictions in the near term. Glassnode’s Accumulation Trend Score has fallen from approximately 0.57 to 0.20, suggesting a marked reduction in accumulation. Amid ongoing discussions about potential Powell replacements, markets have lowered the…
In a groundbreaking announcement, TRM Labs, the blockchain intelligence organization that aids businesses and authorities in the fight against cryptocurrency-related crimes, has introduced Beacon Network, the first real-time response network for crypto fraud. Real-Time Crypto Crime Detection This initiative aims to stop illicit assets from leaving the blockchain and was developed in partnership with law enforcement, stablecoin providers, exchanges, and other entities. Founding members include Ripple, Binance, Stripe, Anchorage Digital, Zodia Custody, PayPal, Robinhood, and many others, creating a trailblazing alliance between conventional institutions and crypto enterprises. Major federal law enforcement agencies globally are involved in the network, generating alerts and identifying critical…
Overview Eight Sleep secured $100M in Series D funding from Founders Fund, Y Combinator, and F1 investors, elevating sales over $500M Its AI “Sleep Agent” technology regulates temperature and heart rate, though users report issues with leaks, glitches, and opaque data handling Notable supporters include Elon Musk, Mark Zuckerberg, and Scarlett Johansson—while Reddit refers to it as a “glorified waterbed” Eight Sleep, a startup offering $3,000 AI-embedded mattresses with a subscription model, recently attracted $100 million in Series D funding to enhance a unique concept in the consumer discretionary field.The investment round, led by Founders Fund, Y Combinator, Valor Equity…
Christopher Waller, a Governor of the US Federal Reserve, assured his colleagues and the banking sector that there’s “nothing to fear” regarding crypto payments, which operate outside conventional banking.“There’s nothing frightening about this merely due to its occurrence in the decentralized finance (DeFi) space — it’s just a new technology for transferring items and recording transactions,” he stated during his speech at the Wyoming Blockchain Symposium 2025 on Wednesday.Waller emphasized that utilizing innovative technology to develop new payment services isn’t a “new narrative,” urging policymakers and the banking sector to collaborate on crypto payment infrastructure. “There’s no reason to shy…
The Pepeto presale has successfully raised $6M, offering zero-fee trading and staking rewards, as it sets its sights on DOGE’s market. Developed on Ethereum, Pepeto features PepetoSwap, a cross-chain bridge, and staking rewards of 242% APY. While DOGE holds at $0.21, Pepeto’s ecosystem positions it as a compelling option for the 2025 bull run. Pepeto (PEPETO) is swiftly gaining traction as a meme coin, aiming to rival Dogecoin (DOGE) in the upcoming 2025 bull market. In contrast to projects that thrive solely on hype, Pepeto is built directly on Ethereum and offers functional features, including a zero-fee exchange, a cross-chain…
A U.S. judge has reinstated access to $57.6 million in USDC stablecoins connected to the Libra token scandal from February, allowing memecoin promoter Hayden Davis and former CEO of the Meteora decentralized exchange, Ben Chow, to access the funds.Judge Jennifer L. Rochon had previously frozen the funds in May during a class-action lawsuit against Davis, Chow, blockchain infrastructure firm KIP Protocol, and KIP co-founder Julian Peh.The judge noted that the defendants failed to prove “irreparable” harm, as funds for victim reimbursement remain available, and they made no attempts to withdraw the frozen assets, as reported by Law360.In July, Davis sought…