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.
Galaxy, the Nasdaq-listed digital asset investment firm, said on Friday it has secured $1.4 billion in funding to expand its Helios data center in West Texas, part of the firm’s push to boost computing capacity for artificial intelligence (AI) and high-performance computing (HPC).The debt facility, which covers 80% of construction costs, runs for 36 months and will fund the retrofit and expansion of the site, the firm said in a press release. Galaxy has already contributed $350 million in equity.Shares fell 2.2% in early trading, along with the broader market pullback.The deal follows a lease agreement with AI cloud provider…
Ether’s (ETH) recent rally to $4,780 has delivered a wealth of profits to several high-profile hackers, who have capitalized on the surge by offloading their ill-gotten gains.In three separate case, on-chain data, revealed by X account EmberCN, shows hackers strategically liquidated their ETH holdings for tens of millions in profit.The Radiant Capital exploiter, who the protocol alleges is a North Korean entity, drained around $53 million in assets from the DeFi protocol last October. They converted much of their haul into 21,957 ETH at roughly $2,414 per coin, only to sell 9,631 ETH for $44 million worth of stablecoins this…
HBAR posted sharp price swings over the 24 hours between Aug. 14 at 15:00 and Aug. 15 at 14:00, moving within a $0.015 range, a 6% gap between the day’s high of $0.259 and low of $0.244. The token faced heavy selling pressure early in the session, bottoming at $0.244 around 21:00 on Aug. 14 before staging a strong rebound to $0.259 by 08:00 the following morning. Trading volumes hit 65.56 million during the recovery, well above the 24-hour average, underscoring strong participation.Key support formed between $0.248 and $0.249, where buyers repeatedly stepped in. On the upside, resistance solidified at…
Czech police have detained convicted drug trafficker Tomáš Jiřikovský, the man behind a multi-billion-dollar bitcoin donation to the country’s Ministry of Justice, escalating a scandal that has already claimed a cabinet minister.The Supreme Public Prosecutor’s Office said Thursday that the National Centre for the Fight Against Organised Crime (NCOZ) intervened in the case, securing individuals and evidence, according to a report by Czech news website Echo24. The probe now targets suspected money laundering and illegal drug handling, separated from a broader investigation that also examined abuse of power.Jiřikovský was convicted and served a prison sentence for running a darknet drug…
BlackRock CEO Larry Fink nominated as interim co-chair of World Economic Forum board Summary Larry Fink, CEO of BlackRock, became interim chair of the World Economic Forum board Formerly a Bitcoin skeptic, Fink has been the driving force behind Wall Street’s crypto adoption WEF founder, Klaus Schwab, recently resigned amid reorganization Bitcoin (BTC) may soon be getting a seat at one of the most influential finance forums in the world. On Friday, August 15, Larry Fink, CEO of BlackRock, was appointed interim co-chair of the World Economic Forum board. Fink will share the role with André Hoffmann, vice chairman of…
In brief XRP is at a crossroads: does it head back up towards $4, or all the way back down to $2? Myriad users say there’s a nearly 64% chance XRP shoots for the moon versus heading back towards doom. Are they right? Let’s dive in. The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can’t seem to decide if XRP is headed to the moon or back down towards doom.After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal…
In an exclusive interview with Cointelegraph, crypto commentator Udi Wertheimer lays out a provocative thesis: Over the last five years, institutions have been quietly buying out old Bitcoin (BTC) holders — and it’s reshaping the market in a way few have appreciated.“For the last five years, they’ve been buying out old holders of Bitcoin,” Udi explains. “Both kind of old Bitcoin maxis, but also… people who always had some portion of Bitcoin and have been selling it over time to get into ETH (ETH) or Solana (SOL) or whatever.”Those new buyers aren’t flippers, they’re “forced buyers.” Udi points to Michael…
The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency.Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares.Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity acquired $1.3 billion worth of Ether (ETH) across 10 fresh cryptocurrency wallets, surpassing the record-breaking $1 billion worth of Ether amassed by the exchange-traded funds (ETFs)…
Whales Buy the DipAmid XRP’s current swings, whales are doubling down, buying the dip instead of throwing in the towel.Calling out this development, renowned market analyst Ali Martinez pointed out, “120 million XRP bought up by whales on the dip.”Source: Ali MartinezAt the current price of $3.10, the 120 million XRP are worth a whopping $372 million, suggesting that whale confidence in the altcoin remains rock solid.Meanwhile, in a swift market jolt, XRP whales scooped up roughly 900M tokens in just 48 hours this week, a buying spree first flagged by Martinez.Therefore, these analyses by Martinez indicate that whales are…
Shiba Inu’s price performance has remained largely muted this week, trending sideways even as the broader cryptocurrency market experiences an uptick. This rally has spilled over into the meme coin ecosystem, with several small-to-mid-cap meme tokens noting sizable gains this week. Surprisingly, despite the overall market enthusiasm, SHIB has struggled to capitalize on the momentum. This is why. Shiba Inu Loses Steam as Key Investors Reduce Holdings According to IntoTheBlock, SHIB has noted a 150% dip in its large holders’ netflow over the past week, signalling a pullback from key investors. For token TA and market updates: Want more token…