Coinbase Extends $100M Bitcoin Credit Line as Cleanspark Targets HPC Expansion
Coinbase Extends $100M Bitcoin Credit Line as Cleanspark Targets HPC Expansion
Cleanspark expanded its capital strategy, adding $100 million in bitcoin-backed credit capacity from Coinbase Prime to fund energy, mining, and high-performance computing growth, the two companies said on Monday. Cleanspark Gravitates Toward Energy and HPC Scaling The Las Vegas-based miner, Cleanspark (Nasdaq: CLSK), said the non-dilutive financing will be deployed across strategic capital expenditures, including […]
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Analyst Predicts Ethereum Price Will Reach $33,000 As ETH Founder Forecasts ‘Google Moment’
The Ethereum price is back in the spotlight as market analysts and ETH’s own founder, Vitalik Buterin, outline bold predictions for the asset. While experts forecast that Ethereum could surge to $33,000, Buterin draws parallels between the cryptocurrency’s future role in finance and Google’s dominance in search. As a result, the ETH founder has suggested that low-risk Decentralized Finance (DeFi) may become Ethereum’s breakthrough “Google Moment.” Ethereum Price Projected To Soar To $33,000 A recent chart analysis by prominent market expert Egrag Crypto paints an optimistic picture for Ethereum’s long-term price trajectory. Based on the analyst’s chart, ETH could potentially rise to $33,000 before the end of 2025. Related Reading: Bullish Continuation Setup Says Ethereum Price Is Headed For $6,500, Here’s When Egrag Crypto notes that ETH has a history of overshooting measured targets once it breaks out of major continuation patterns. This trend has been visible across previous market cycles, lending weight to his previous projection that the next ETH rally could be monumental. In Ethereum’s earlier cycles, key formations, such as the Bull Flag and the Rectangle Continuation Pattern, produced extraordinary gains that exceeded expectations. The Bull Flag pattern overshot its target by 145%, while the rectangle continuation exceeded projections by an even greater 181%. Now, ETH is forming what Egrag Crypto identifies as a Descending Broadening Wedge, a setup that typically signals bullish continuation once the breakout is confirmed. According to the expert, the measured move from this wedge suggests an initial price target of $12,300. However, when factoring in Ethereum’s historical tendency to overshoot by an average of 163%, he sees the cryptocurrency skyrocketing as high as $33,000. Low-Risk DeFi To Unlock ETH’s ‘Google Moment’ In a report published on September 21, Buterin describes what he sees as Ethereum’s upcoming Google moment. Just as Google secured long-term dominance by finding its core economic driver in search and ads, the crypto founder argues that Ethereum now has the opportunity to anchor its ecosystem with low-risk DeFi and unlock comparable growth. Related Reading: Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level Buterin also emphasized the growing importance of sustainable applications within the Ethereum ecosystem. Historically, ETH has struggled to balance two distinct categories of applications—those that generated significant revenue like NFTs and meme coins, and those that aligned with Ethereum’s broader vision, such as decentralized identity and privacy protocols. Buterin notes that the underlying issue was that revenue-generating applications often lacked long-term sustainability, while mission-driven projects lacked economic weight. He believes that low-risk DeFi could be the solution that bridges this gap. By enabling global, permissionless access to stable wealth-building mechanisms such as interest-bearing assets, bonds, and currencies, the crypto founder highlighted that Ethereum could achieve economic sustainability. He also expressed hope that Ethereum could potentially surpass Google’s legacy. Buterin mentioned that Google was often criticized for straying from its core mission and becoming an antisocial, profit-maximizing corporation. However, ETH is fundamentally different, with decentralization embedded deeply at both technical and social levels. Featured image from Getty Images, chart from Tradingview.com
Crypto Bloodbath: Ethereum Endures Largest Liquidation Wave Since 2021, More Decline Ahead?
Following a recent pullback, Ethereum, the leading altcoin, appears to have entered a bearish state, with the asset constantly dropping towards the $4,000 price mark. As the broader crypto market faced a significant downswing on Monday, ETH’s sudden decline has led to the liquidation of several long positions. Ethereum Leads In Massive Crypto Liquidation The […]
Vitalik Buterin Calls Base a Model Ethereum L2
Ethereum co-founder Vitalik Buterin praised Base as a model Layer-2, combining user-friendly design with Ethereum’s decentralized security. He emphasized that Base is non-custodial and cannot block or seize user funds, countering misconceptions about L2 oversight. Vitalik Defends Base, Dispels Misconceptions on L2 Security Ethereum co-founder Vitalik Buterin has called Base, Coinbase’s Layer-2 network, a “model […]
FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
An FTX trust has initiated legal action against Genesis Digital Assets, seeking to recover $1.15 billion that it alleges was fraudulently transferred by Sam Bankman-Fried (SBF), the co-founder of the now-defunct cryptocurrency exchange. The lawsuit, filed in the US Bankruptcy Court for the District of Delaware, targets Genesis Digital, its affiliates, and co-founders Rashit Makhat […]