Author: Ethan Carter

Block, Inc. (NYSE: XYZ) has unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software platform, marking a bold step toward decentralizing mining hardware, increasing operational efficiency, and boosting Bitcoin network resiliency. The announcement took place at Core Scientific’s facility in Dalton, GA, where Proto Rigs are already deployed as part of its mining fleet. This launch represents the first two end-to-end releases from Proto, Block’s suite of bitcoin mining products and services, following its initial chip sale to Core Scientific. Currently, bitcoin mining hardware faces significant inefficiencies. Most machines are…

Bitcoin hits $124K ATH as Trump’s pro-crypto reforms and Fed cut hopes drive investor demand. Trump opens 401(k)s to Bitcoin, boosting adoption from the $7.5T US retirement market. MAGACOIN FINANCE named top 2025 altcoin presale with $11.7M raised and DeFi-meme hybrid appeal. Bitcoin surged past $124,000 this week, driven by US policy shifts under President Donald Trump and optimism over a September Fed rate cut. At the same time, analysts are spotlighting MAGACOIN FINANCE as the best altcoin presale for building cycle-defining portfolios in 2025. Bitcoin hits record high above $124K Bitcoin reached $124,457 early Thursday before stabilizing near $121,500,…

Polygon’s POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets.POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows.A burst of selling sent the token down to $0.24, with trading volume spiking to 1.1 million units — more than triple its 24-hour average. The $0.26 mark has now emerged as a significant resistance zone after the high-volume rejection.The selloff came alongside a broader market decline triggered by a U.S. producer price index…

The trove stolen from decentralized lender Radiant Capital in October 2024 has nearly doubled in value as Ether climbed, blockchain data shows.Decentralized finance (DeFi) protocol Radiant Capital was hacked in mid-October 2024 when the crosschain lending protocol suffered a $58 million cybersecurity breach on BNB Chain and Arbitrum.Radiant Capital lost about $58 million in the breach. The attacker later swapped proceeds into Ether (ETH) and now holds 21,957 ETH worth about $103 million, according to Lookonchain, up from an estimated $58 million at the time of the exploit. Ether closed Oct. 15, 2024, above $2,300, and was trading above $4,700…

The digital asset’s price saw a precipitous drop early Thursday morning after the U.S. Bureau of Labor Statistics published data revealing record inflation metrics. Inflation Shock Triggers Bitcoin Slump Just seconds after the U.S. Bureau of Labor Statistics (BLS) published its inflation data at 8:30 am on Thursday, bitcoin ( BTC) fell off a cliff. […]

Ripple’s top engineer says more payments firms and stablecoin players are now building their own chains, and he thinks that matters for finance. According to Ripple CTO David Schwartz, the move shows that many in the market now view blockchain as part of basic financial plumbing. He wrote about this in a long post on X today, and he reminded readers that Ripple has been working on the XRP Ledger for more than 13 years. Ripple XRPL Vs Permissioned Chains Schwartz drew a clear line between chains that put control in a few hands and those that try to stay…

A crypto market crash is underway today, August 14, just hours after Bitcoin surged to a new all-time high. Summary The crypto market crash happened after the strong PPI data. It happened as liquidations jumped by over 90% to $1 billion. Bitcoin formed the highly bearish double-top pattern. Bitcoin (BTC) price erased its earlier gains and tumbled to $117,000, while top tokens like SPX6900 (SPX), Dogwifhat (WIF), Celestia (TIA), and The Graph dived by over 10%. The ongoing crash triggered a 91% jump in liquidations, totaling over $1 billion. More than 216,000 traders were liquidated. Crypto market crash linked to…

Key takeaways: Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31. The odds of a new ETH all-time high in August jump to 87% on Polymarket. Analysts warn of a potential correction to $4,000 to $4,400 if a key price support fails. Ether (ETH) is trading below $4,600 as the market digests a hot Producer Price Index (PPI) print that showed inflation advancing far ahead of investors’ expectations. Despite the sharp correction from a multi-year high, traders are still confident that Ether will hit $5,000 before the end of 2025. Polymarket users place $5,000…

In brief OpenAI’s update now lets paid users switch GPT-5 between speed-first, deep-think, or auto-select modes. Previously retired GPT-4o, GPT-4.1, o3 and others return to the roster, alongside the Pro-only GPT-4.5. The new setup turns ChatGPT into a model-and-mode buffet, letting users match AI brains to the job at hand. When GPT-5 launched last week, OpenAI pitched it as the only AI you’ll ever need—combining the best of speed, reasoning, and creativity in a single, seamless package.But for many users, that promise didn’t hold up. Complaints poured in about tone, accuracy, and lost capabilities from older models. On Tuesday, CEO…

Dogecoin’s bullish momentum is putting short positions under pressure as the price eyes a crucial $0.27 retest. A successful breakout above this level could spark a powerful multi-stage rally, opening the door to higher targets and renewed market excitement. DOGE/USDT Clears $0.2533 Resistance With Conviction GemXBT, in a recent update on X, highlighted that DOGE/USDT is showing a bullish trend after breaking above the key resistance level at $0.2533 with strong upward momentum. This breakout signals renewed buying pressure, as the price pushes beyond a level that had capped recent advances. The move suggests bulls are gaining control and could…