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 Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high later this year, after it has fallen around 33% from its January mark. Crypto offers many ways to put your money where your mouth is, including the use of prediction markets to leverage your knowledge in real time against your peers.On Myriad Markets, users can…
In brief Blockchain security firms on Thursday flagged that nearly $50 million in crypto had suspiciously left the exchange BtcTurk. The crypto exchange then said it had stopped withdrawals and is investigating the transfers. Hackers previously stole $54 million from BtcTurk in 2024. Turkish crypto exchange BtcTurk on Thursday froze customer withdrawals after blockchain analysts flagged that nearly $50 million had left the platform in suspicious transfers. The exchange announced on X that it had suspended withdrawals while it conducted “detailed investigations” into the money movements. It assured users that their funds were safe. BtcTurk did not immediately respond to Decrypt’s questions. “Assets…
Crypto prices slipped Thursday after an unexpectedly hot PPI inflation print, but analysts said it’s just a pullback within the rally.The CoinDesk 20 Index of largest cryptocurrencies fell 2.1% over the past 24 hours, with bitcoin dropping 2.3%. XRP lost 4.6% with ether (ETH) outperforming by edging down 0.7%.”The pullback is, in my view, simply a recalibration in an otherwise bullish trend,” said David Siemer, co-founder and CEO of Wave Digital Assets. “Bitcoin remains firmly entrenched as the anchor of institutional crypto strategies.”Bitcoin’s (BTC) rush to new all-time highs over $124,000 was fueled by rising expectations for Federal Reserve interest-rate…
In brief JPMorgan analysts said Ethereum offers exposure to the stablecoin boom. Growth in stablecoins is outpacing the crypto market itself, they wrote. Not long ago, analysts questioned the value of Layer-2 networks. Ethereum’s recent outperformance could continue as Wall Street begins issuing massive amounts of stablecoins within its ecosystem, JPMorgan signaled in a Thursday note.A bevy of dollar-pegged tokens—following last month’s passage of the GENIUS Act, a regulatory framework for stablecoins—should affect Ethereum’s price, even if those assets are issued on layer-2 networks, instead of Ethereum itself, according to the bank’s analysts.“We think ether is emerging as a direct…
Hedera Hashgraph’s native token, HBAR, has displayed muted price performance since the beginning of August, mostly trading within a narrow range. However, with improving market momentum, HBAR has broken above the upper line of the channel, and on-chain data confirms the likelihood of staying above the price barrier in the short term. HBAR Eyes Breakout Amid Capital and Activity Surge Readings from the HBAR/USD daily chart show that the altcoin has traded within a horizontal channel since the beginning of August. This pattern emerges when an asset’s price oscillates between a defined resistance and support level, indicating consolidation. Since August…
Sapien Brings Millions of Minds Onchain to Train AI – Chainwire HomeNewsroomSapien Brings Millions of Minds Onchain to Train AI 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, or for the sole purpose of carrying out…
Ethereum’s staking network is under sustained withdrawal pressure, with the validator exit queue experiencing its longest wait time over the past month.Data from the Validator Queue shows that, as of Aug. 14, stakers face an average of 12 days before they can fully withdraw their funds, a sharp departure from the typical sub-day turnaround.Ethereum Validators Queue (Source: validatorqueue.com)CryptoSlate first highlighted this trend on July 21, when the withdrawal queue surpassed the entry queue. The backlog has remained elevated ever since.As of press time, 698,575 ETH (roughly $3.28 billion) are queued for withdrawal, while only 105,000 ETH, valued at about $472 million,…
Opinion by: Ahmad Shadid, founder of O.xyz and co-founder of IO.ne Not a single week passes by without a new artificial intelligence startup coming out of stealth. With a slick interface, clever prompts and an OpenAI key powering the back-end, these ventures often boast seed valuations that make even a veteran chip designer blush. Behind the gloss sits little more than “prompt arbitrage.” Most of today’s so-called “AI companies” are just thin packaging layers without defensible technology. The company pays a few cents to ask a proprietary model a question, then charges users a few dollars for the same…
Ark Invest said it bought more than 2.5 million shares of crypto platform Bullish (BLSH) on the day of the company’s explosive debut on the New York Stock Exchange, securing a stake valued at more than $170 million by the end of the day.Shares of the company, which owns CoinDesk, surged to as high as $102 from the $37 IPO pricing, before closing at $68, an 84% gain. The company sold 20.3 million shares for its initial public offering, which had also attracted interest from BlackRock (BLK), according to a filing with the SEC.Ark added 1,714,522 BLSH shares to its…
In brief U.S. Treasury Secretary Scott Bessent said Thursday that the U.S. government will not be buying additional Bitcoin to supplement reserves of the token acquired via law enforcement seizures. For months, White House officials had stoked the hopes of Bitcoiners by saying they wanted to acquire as much of the cryptocurrency “as possible.” But the same officials said they would ultimately defer to the Treasury Secretary on whether such purchases could and should be made in a “budget-neutral” way. U.S. Treasury Secretary Scott Bessent spoiled the dreams of Bitcoiners worldwide Thursday, stating outright that the federal government will not…