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.
In brief OFAC sanctioned Garantex on Thursday for its role in processing more than $100 million linked to illicit activities. It also blacklisted six businesses and three executives tied to the exchange. Blacklisting platforms that offer services aimed at circumventing sanctions is crucial to OFAC’s mission, an analyst said. The U.S. Department of Treasury’s Office of Foreign Asset Control sanctioned a Russian crypto exchange on Thursday, according to its statement, a sign some federal authorities are continuing to scrutinize digital asset firms, despite U.S. President Donald Trump’s directives to ease up on the industry.The exchange, Garantex Europe OU, “directly facilitated ransomware…
Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction. Bitcoin Reserves Spike On Binance: Time To Worry? According to a CryptoQuant Quicktake post by contributor Arab Chain, Binance’s Bitcoin reserves have seen a sharp increase in recent months. The exchange holds the largest BTC reserves, supported by its high liquidity and the largest trading volume in the market. Related Reading From the end of July until today, Binance-based BTC reserves have reversed…
After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases.”Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order,” he wrote on X. “In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the…
In brief Search.com has topped Perplexity with a $35 billion offer to buy Google Chrome, backed by JPMorgan Chase. The deal would give Search.com control of the world’s most-used browser and its search traffic. Both bids arrive as regulators eye Google, and AI players race to reshape the future of browsing. Search.com has entered the race to acquire Google Chrome, topping Perplexity AI’s $34.5 billion bid with a $35 billion counteroffer backed by JPMorgan Chase and a consortium of private equity firms.The $500 million move intensifies a high-stakes battle over the future of web browsing and AI search, as more…
Decentralized Physical Infrastructure Networks (DePIN) was one of the most talked-about sectors in crypto and experienced substantial growth in 2024. However, as crypto metas like meme coins, NFTs, and others regain traction, DePIN has struggled to maintain its momentum. This year, it has fallen behind in the race for investor attention. Nonetheless, Naman Kabra, CEO and co-founder of NodeOps, a DePIN protocol, emphasized that the sector isn’t dead; rather, it will have an inevitable breakthrough in 2025. Why Was DePIN Famous? Naman Kabra explained that DePIN’s initial growth was driven by crypto’s promise of decentralizing critical infrastructure. Projects like Helium…
Morph Unveils New Product Roadmap and Launches Morph Rails, a Developer-Focused Payment Platform – Chainwire HomeNewsroomMorph Unveils New Product Roadmap and Launches Morph Rails, a Developer-Focused Payment Platform We use cookies to make Chainwire’s website a better experience. Cookies help us provide a more personalized experience and relevant advertising for you, and web analytics for us. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user,…
TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack.According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing.The arrangement grants Google a warrant to acquire roughly 41 million shares of TeraWulf common stock. If exercised, this would represent an approximate 8% pro forma equity stake.This strategic support enables TeraWulf, a leading digital infrastructure operator, to advance two 10-year HPC colocation agreements with Fluidstack.The contracts allow TeraWulf to deliver over 200 MW…
NEAR Protocol saw heightened volatility in the 24 hours ending August 14 at 14:00 UTC, with prices fluctuating between $2.78 and $3.05 before settling at $2.82. The decline from the $3.05 resistance to $2.75 support was driven by heavy institutional selling, totaling nearly 20 million tokens during peak pressure. Despite this, the asset’s fundamentals remain strong, supported by a sizable active user base of 16 million weekly participants.In the hour following the selloff, NEAR gained 0.35% to $2.83, trading within a controlled $0.07 range between $2.81 and $2.85. Key institutional buying appeared at several intervals, helping the token breach short-term…
In brief Former Pump.fun employee Jarett Dunn has pleaded guilty to fraud by abuse of position, as well as transfer of criminal property. The former senior developer drained an estimated $2 million worth of Solana from the popular meme coin launchpad. He now awaits sentencing from behind bars, after breaking bail conditions two months ago. Jarett Dunn, a former Pump.fun senior developer, has signed a document affirming his guilt on charges related to draining an estimated $2 million worth of Solana (SOL) from the prominent token launchpad. The formal admission of guilt was made from behind bars in London, after…
Chainlink’s price rallied over 50% in the past week amid ongoing whale accumulation and growing adoption of its ecosystem by more institutions. Summary LINK is up over 50% this week and has hit a 7-month high of $24.28 today. Chainlink has recently partnered with Intercontinental Exchange to provide onchain pricing data for FX and precious metals. According to data from crypto.news, Chainlink (LINK) surged to a 7-month high of $24.28 on Wednesday, Aug. 13, morning Asian time. The recent surge brought its weekly gains to over 50% and 123% from its lowest point this year, while bringing its market cap…