Author: Sollcrypto

CleanSpark has released its unaudited Bitcoin mining update, revealing a 187% increase in its hashrate during the fiscal year ending September 2024. The publicly traded Bitcoin (BTC) miner made the announcement on October 3, highlighting key areas of growth, including its treasury holdings and share price, despite the broader crypto market’s struggles due to geopolitical tensions in the Middle East. According to the report, CleanSpark’s hashrate surged from 9.6 exahashes per second (EH/s) to 27.6 EH/s by September 30, 2024. This jump includes an additional 5 EH/s added in September alone. CEO Zach Bradford attributed this to organic growth and…

JustLend DAO recently received significant inflows from TRON whales, with over 3 billion TRX being transferred in a series of transactions. These inflows, valued at more than $465.2 million, have boosted the liquidity of the largest DeFi protocol on the TRON network. The TRX tokens deposited can be used as lending collateral, allowing whales to access stablecoins for further investments. Four transactions from unknown wallets were recorded, two of which exceeded 1 billion TRX each. These transactions occurred within minutes of each other, suggesting they may be linked to the same entity. The wallets primarily hold TRON-based tokens, with some…

The prices of the top 10 coins remain in the red zone, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has declined by 1.93% over the past 24 hours. On the hourly chart, Bitcoin (BTC) is gaining momentum following a false breakout at the local support level of $60,703. If the daily candle closes near resistance, the upward movement is expected to continue, potentially reaching the $62,400 range. On the larger time frame, it’s still too early to anticipate a quick reversal. However, the key area to watch is the $60,000 zone. If this level is breached, the built-up…

October, traditionally a bullish month for Bitcoin and altcoins, began with a market decline. This drop was influenced by external factors, such as geopolitical tensions between Iran and Israel. Despite this, investors remain hopeful for an October rally. Analysts are particularly optimistic about Solana’s performance this month, citing increased network activity, strong partnerships, and positive market sentiment as key factors. Bitget Research Principal Analyst Ryan Lee, in an interview with The Block, emphasized that heightened activity on the Solana network, combined with major partnerships, sets the stage for a potential price surge. He stated, “Given the current market sentiment, increased…

Jerry Brito, the long-serving director, is set to step down after a decade at the DC-based advocacy group. Meanwhile, the SEC has secured a summary judgment against Rivetz, accusing the crypto firm of selling unregistered securities, according to CoinDesk. In other news, Robinhood’s European users can now transfer crypto in and out of the app, as reported by CNBC. Additionally, Metaplanet has purchased another 107.91 BTC, according to a post on the publicly traded firm’s X account.### The Riff**Q: Permissionless kicks off in just over a week. What are you most excited about?**While I won’t be attending in Salt Lake…

As October—often referred to as “Uptober” in the crypto market—kicks off, traders are closely watching the charts of their favorite cryptocurrencies. Despite much of the market movement being anticipated and priced in, it’s still crucial to look beyond the surface, particularly at on-chain data, to get a clearer picture of market trends. One important aspect to monitor is the activity of major market players, commonly known as whales. A key metric for this is the Large Transaction Volume provided by IntoTheBlock, which tracks significant transactions. Taking Dogecoin (DOGE) as an example, whale activity has noticeably increased in the last 24…

Ethereum’s price has dropped to $2,598, reflecting a 1.90% decrease over the past 24 hours. During this time, trading volume surged by 30.23%, reaching $13.31 billion. Ethereum’s market capitalization also declined by 1.49%, now standing at $316 billion, with a stable circulating supply of 120.37 million ETH. These factors are raising concerns about potential further price corrections. Large-scale whale transactions are currently influencing market sentiment. The most significant involved the transfer of 43,331 ETH (over $113 million) to Coinbase Institutional, sparking speculation about possible liquidations or institutional repositioning. This movement is likely contributing to Ethereum’s ongoing downtrend. Additionally, two more…

Hamster Kombat’s token took a sharp downturn just days after the viral Telegram mini-game distributed millions of tokens in an airdrop.Trading data shows that Hamster Kombat (HMSTR) has dropped nearly 60% since its token generation event and listing on exchanges on September 26. The token debuted at approximately $0.012 on platforms like Binance and the decentralized exchange Ebi.As of now, HMSTR is trading below $0.0058, with its value consistently declining since the late September launch. Hamster Kombat gained popularity as a mini-game on The Open Network (TON) and the Telegram app, positioning itself to surpass competitors like Notcoin (NOT). Despite…

According to data from XRPL validator Vet, 99% of the entire supply of the RLUSD stablecoin was minted in just one day, with a total of 800,000 RLUSD tokens generated within the last 24 hours. Data from an X (formerly Twitter) account that tracks RLUSD transfers reveals that the latest minting of approximately 100,000 tokens occurred about eight months ago. This recent surge in token creation suggests the project is nearing its official launch. Ripple first announced its RLUSD stablecoin in April, and beta testing began in August. Initially, the stablecoin will be available only to Ripple’s enterprise partners, as…

In a tight election race, small voter factions may determine the outcome, and the crypto industry has taken notice. It has made concerted efforts to position cryptocurrency as a key issue, gathering extensive data on swing voters and conducting research to influence the election.A recent Harris poll indicates that one in five voters in battleground states see crypto as a significant issue. Crypto voters, in particular, are highly engaged, active, and aware of their potential influence on the election.Stand With Crypto, a pro-crypto advocacy group, has already registered nearly 1.5 million people online. Their “America Loves Crypto” tour is visiting…