Author: Ethan Carter

This week, the Ethereum validator exit line reached its highest point since the network transitioned to proof-of-stake (PoS) in 2022. Validator Exit Wait Exceeds Two Weeks as Ethereum Queue Sets New Record As of August 20, 2025, approximately 898,000 to 916,000 Ether (ETH) is queued for withdrawal from staking—about 28,000 to 28,600 validators at […]

A federal judge in New York has ordered Eddy Alexandre, the founder of the defunct crypto platform EminiFX, to pay over $228 million in restitution after determining that the company operated as a Ponzi scheme, defrauding tens of thousands of investors. The US Commodity Futures Trading Commission (CFTC) won a summary judgment against Alexandre and EminiFX, with US District Judge Valerie Caproni finding them jointly liable for more than $228 million in restitution and an additional $15 million in disgorgement, according to a court filing made on Tuesday. “Defendants Alexandre and EminiFX are jointly and severally liable to pay restitution…

Investors in the top five cryptocurrencies by market cap, holding these assets for more than a month, have reported close to $2.8 billion in profits over the last month, based on data from Glassnode.The blockchain analytics firm indicates that the crypto market is beginning to show signs of contraction due to substantial profit-taking in Bitcoin, Ethereum, Solana, XRP, and Tron, as traders attempt to secure gains from the recent market upswing.Bitcoin accounts for most of the realized profitsAccording to Glassnode, Bitcoin has been at the forefront of profit-taking among these digital currencies, representing over 50% of the reported activity.On July…

Ethereum is currently testing vital demand levels following a significant pullback from its recent high of $4,790. This correction has brought ETH down to around the $4,200 mark, which bulls are now striving to uphold. Despite recent strong momentum, selling pressures are increasing, leading some analysts to caution that Ethereum may undergo a deeper correction before establishing a more stable footing. Related Reading However, institutional accumulation is providing a robust counterbalance. According to data from Arkham Intelligence, two whale accounts have acquired nearly $200 million worth of Ethereum within the past 24 hours. These new entrants are part of a…

The price of Pengu was trading around $0.030 at the time of writing, showing a decline of more than 8% in the last 24 hours. This drop has nearly erased all of its monthly gains. Although the token still reflects a 113% return over the last three months, emerging sell-side signals have sparked significant concerns. With charts suggesting a possible drop to $0.014, traders are closely monitoring the next developments. Exchange Inflows Spike, Smart Money Backs Out Data from Nansen indicates that exchange holdings for PENGU rose by 5.74% this week to 16.07 billion tokens, implying approximately 873 million tokens…

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Key points:Bitcoin drops back below $113,000 at the Wall Street opening as bulls struggle to maintain support.Price manipulation of BTC is one reason for the decline, with order-book bid liquidity being scrutinized.Increased volatility in the crypto market is anticipated around the Federal Reserve’s Jackson Hole event.Bitcoin (BTC) aimed for new local lows as Wednesday’s Wall Street opened, with bulls failing to stop a repeat sell-off in the US.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewPressure on Bitcoin price reintroduces “Spoofy the Whale”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $113,000 after initially reclaiming that level post-daily open.At the time of…

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