Market Cap Of #Altcoins Bouncing But Still Consolidating Within Descending Broadening Wedge Approaching Towards Key Trend Line Now Successful Breakout Can Lead Massive Bullish Wave In Alts After Breakout Alts Can Easily Surpass Recent February Highs✅ #Write2Earn! #Write2Earrn #write2earn
Testing Crucial Area Falling Wedge + Horizontal Resistance Snx Needs To Clear This Area 1.65$ To Continue Its Bullish Wave Incase Of Successful Breakout Snx Will Target Next Résistance Between 1.95 - 2.00 Area Next Résistance Woll Be Around 3.20$ These Are Possible Targets Incase Of Successful Breakout ✅
❄️ TON Blockchain Sees 7x Surge in Active Addresses Since July 2021
The TON blockchain recorded yet another milestone as the number of active addresses on the project’s Masterchain has surged to an all-time high of 946 daily. While 946 active addresses might initially seem modest, it’s crucial to understand that the TON architecture is designed with multiple “workchains” that handle the bulk of data, leaving the Masterchain primarily responsible for message routing and transaction coordination.
Malaysian authorities destroy over 900 bitcoin mining rigs amid power theft crackdown
Malaysian authorities have destroyed 985 bitcoin mining machines worth about 1.98 million Malaysian ringgits ($452,500), local media reported, as the country continues its crackdown on power theft linked to bitcoin mining activities. Malaysia Gazette reported that the Perak Tengah district police crushed the rigs with a steamroller on Monday after receiving instructions from a court. The machines were seized during enforcement operations from 2022 to this past April.
ETH supply in profit hits 2024 low as recent buyers feel the pressure
The seven-day moving average of the percentage of supply in profit, which measures how much of the circulating supply of ETH is currently valued higher than the price at which it was last bought or transferred, reached 85.66% this week. This figure was at 94% just three weeks ago but has experienced a notable decline, which may have been in part due to the market-wide selloff that occurred in this period, which saw ETH's price drop by over 30%.
VanEck insists Solana ETF ‘remains in play’ despite regulatory uncertainty
Matthew Sigel, VanEck’s head of digital assets research, said the firm’s Solana spot exchange-traded fund (ETF) application is still active despite the removal of the 19b-4 form from the Chicago Board Options Exchange (Cboe) website. Over the weekend, the crypto community noticed that the 19b-4 filings for VanEck and 21Shares—documents filed by exchanges on behalf of issuers—had disappeared from the Cboe site.
According to TheBlock, the U.S. Securities and Exchange Commission (SEC) discussed with ETF issuers its concerns that Solana could be classified as a security
✔️The SEC and Cboe subsequently decided not to file the relevant Form 19b-4 to avoid starting the SOL ETF approval process.
✔️VanEck’s registration statement for the Solana ETF is still available on the SEC’s search engine, while 21Shares’s has disappeared or been withdrawn.
✔️ETF Store CEO Nate Geraci said that it is virtually impossible for a Solana ETF to be approved under the current administration.
Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation.
Indonesia's health ministry will tighten a health screening scheme for incoming foreigners to prevent the spread of the monkeypox virus, Indonesia's ANTARA news agency