It is also possible that this is simply an exchange of funds and XRP is being reallocated for diversification purposes. However, the exact reason for such a move remains unclear.

At the time of writing, #XRP has risen 1.06% in the last 24 hours to $3.13. Since January 16, the price has fluctuated between $2.82 and $BTC the range is narrowing, indicating the possibility of a major move. In such a scenario, a sustained move above USD 3.4 could lead to the USD 4 target, while a decline in price would provide support at the daily SMA 50 at USD 2.55. According to
Messari's recent Q4 2024 report, XRP #Ledger is the most #NFT , showing growth in all key metrics, including: total transactions
FT increased by 460% in
Q4, while #mining and burning transactions
FT increased by 855% and 1,850%, respectively. As in Q4 2023 and Q1 2024, the significant increase in coin activity resulted in
okenMint overtaking
okenCreateOffer in Q4 2024 as the most popular transaction type
oken as the most popular transaction type. Previously,
okenCreateOffer was the most popular transaction type in Q2 and Q3 2024. At the end of Q4,
about 7.5 million
FT- over XLS-20. Notably, over 3.4 million of these were issued in Q4 2023.
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Asset manager VanEck filed its Onchain Economy exchange-traded fund (ETF) on Jan. 15, according to comments deleted on social media by VanEck's head of digital asset research Matthew Siegel.

According to the statement, the fund will invest in #cryptocurrency companies across the industry, including software developers, #mining companies, cryptocurrency exchanges, infrastructure builders, payment companies and other companies in the cryptocurrency sector;
asset managers define these companies as digital transformation companies, and Digital Transformation Companies are selected based on a combination of fundamental analysis, market trends, the company's strategic positioning in the digital asset ecosystem and valuation, the fund said. The fund
also invests in digital asset products such as commodity futures contracts, but does not invest directly in #digital assets holding cryptocurrencies. VanEck's filing is one of the last ETFs to file before the new guidance to the SEC.
the US. Several asset managers and financial firms have filed or updated SEC filings for cryptocurrency ETFs in anticipation of a more favorable regulatory environment following President Donald Trump's re-election.
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#CryptoTrends #CryptoUpdates

Greenidge Generation Holdings Inc., once among the largest public Bitcoin miners in the US, has launched a new mining site in Mississippi with the capacity to support 2,400 Bitcoin mining units.
New Mining Facility Details
The extensive mining facility spans 12 acres and currently utilizes 8.5 megawatts (MW) of power, according to the company’s official release. Greenidge is also looking to secure an additional 25 MW of power over the next 12 months, indicating potential for significant expansion.
“With potential future expansion of at least 25 MW in Mississippi, other drivers for growth are on the horizon,” the company stated.
The mining site employs the Greenidge Pod X, which is designed to maintain optimal temperatures for better longevity, accommodate 792 miners per pod, and reduce noise complaints. The pods are also compliant with the National Electrical Code (NEC).
“Utilizing the NEC-compliant Greenidge Pod X helped reduce buildout costs and increase the efficiency of the new mining site,” the company shared on X (formerly Twitter).
Future Plans and Expansion
The Bitcoin mining site was inaugurated on July 1. Greenidge plans to deploy its first shipment of Antminer S21 Pro Bitcoin miners in the coming weeks. Additionally, the company expects to finalize the planned lease of the on-site warehouse by September 1, 2024.
Environmental Concerns and Legal Issues
Greenidge Generation’s mining operations have faced criticism for their environmental impact. A ruling in September 2023 noted that the company’s activities have affected New York’s Climate Law (the CLCPA) greenhouse gas emissions limits. The company faced a lawsuit after thousands of community members submitted comments opposing its air permit.
Furthermore, Greenidge sought bankruptcy protection and entered into a debt restructuring agreement for about $74 million with lender New York Digital Investment Group, as revealed in an SEC filing.
Despite these challenges, Greenidge currently has a total power capacity of 122 MW across 8,000 miners in operation. In addition to the Mississippi site, the company has acquired low-cost power capacity establishments in South Carolina and North Dakota.
With its latest expansion in Mississippi, Greenidge Generation aims to solidify its presence in the Bitcoin mining industry while navigating the complexities of environmental regulations and financial restructuring.
$BTC #Bitcoin #BTC #mining

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Cryptocurrency exchange Coinbase, which owns the Base blockchain, Ethereum's second tier, increased its total blockchain value (TVL) by more than 13.2% over the past week, surpassing the $4 billion mark for the first time; its 30-day transaction value surpassed that of Ethereum, and its main competitor surpassed Arbitrum.

According to L2BEAT data updated on April 7, Base's total TVTL was $4.15 billion, including $1.45 billion in canonically-linked value (assets locked on #BTC that must be submitted to Base) and $2.7 billion in proprietary #mining assets.
Base is the third largest Tier 2 TVL on Ethereum, behind fourth-place Blast at around US$1.4 billion, second-place Optimism at US$3.5 billion and leader #Arbitrum at US$14.6 billion.
Base was the only second tier of the top five TVLs to rise last week, while Starknet lost the most, falling 10.2%, Optimism was down 9.1%, Arbitrum was down 5.5%, and Blast was down 2.4%.
The Ethereum scaler's TVL growth was driven by a surge in activity, with the number of transactions reaching 50.34 million in 30 days, surpassing Arbitrum's 40.1 million and Ethereum's 37.9 million.
Base's average transaction per second (TPS) rate rose 29.7 percent over the past week to 35.19 TPS over the past 24 hours, surpassing the combined TPS of second-tier competitors Arbitrum and Ethereum (16.61 and 13.91, respectively).
Meanwhile, Base has been one of the main beneficiaries of the memcoin's recent activity, with Base's market capitalization reaching over $1.6 billion, up 13% from the previous day, according to CoinGecko.
However, Base's popularity has also attracted scammers: between January and March, the number of successful phishing attempts on the network increased 18 times, and $3.35 million USD was stolen last month.
Ethereum is focusing on improving its ability to process second-level transaction data on the #blockchain , as evidenced by the March 13 Dencun update, which lowered the fees for second-level transactions.
Analyst VanEck predicts that the network's scalable ecosystem will reach a market capitalization of $ 1 trillion by 2030.
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#GlobalCrypto

-Anchorage Digital now supports Liquid ETH (LsETH) from liquid Collective, allowing institutional investors to host Ethereum and receive LsETH, which represents

deposited ETH and accumulated rewards.institutions can earn rewards on the #Ethereum network while retaining the flexibility to sell, transfer or deploy tokens, and can re-acquire LsETH on EigenLayer for additional rewards.
This announcement was well-received and underscores the growing interest in institutional-level #mining solutions, making Anchorage Digital a key player in Ethereum mining.
Anchorage Digital, the leading regulated digital asset platform in the United States, announced its support for Liquid Collective's liquid #Eth (LsETH) platform. The new offering will allow institutional investors to bet on Ethereum (ETH) and receive LsETH, a liquid token that represents bets in ETH along with accumulated network rewards.
This marks an important milestone as Anchorage Digital will become the first bank in the U. S. to be registered with Occ to provide institutional investors with the ability to place liquid bets.
The integration of LsETH with the Anchorage digital platform provides institutional investors with a number of significant benefits. By betting on ETH through Anchorage Digital, institutions can receive rewards on the Ethereum network while retaining the flexibility to sell, transfer or place tokens.
This model provides establishments with a secure and efficient way to interact with the Ethereum betting ecosystem, meeting their needs for both rewards and liquidity. One of the features of this integration is that customers can re-exchange LsETH to EigenLayer.
This process allows establishments to further enhance their betting strategies by joining the Eigenlayer Active Validation Service (AVS) ecosystem. By confirming this, customers can earn additional rewards by maximizing revenue while maintaining the security and operational rigor they expect from regulated platforms such as Anchorage Digital.

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