Category: AI

AsthepriceofthenativetokenofsmartcontractplatformSolana,SOL,keepsonrising,variouscryptocurrencywhaleshavestartedamassingit,withwhalesaddingover200,000SOLwortharound$35milliontotheirwallets. Accordingtodatasharedbyon-chainanalysisserviceLookonchain,threedifferentcryptocurrencywhalesaddedover$35millionworthofSOLtotheirwalletsoverthepastfewdays.Onewhalewithdrew153,511SOLfromleadingcryptocurrencyexchangeBinancebeforestakingthefunds,whileanotherwithdraw35,498SOLfromBinanceandKrakenbeforestaking. Athirdwhaletheserviceidentifiedwithdrewlittleover13,000SOLfromBinance,bringingtheirtotalSOLholdingsto95,651tokens,worth$16.8million. Whalesareaccumulating$SOL! AA21…VxH9withdrew153,511$SOL($26.4M)from#Binanceinthepast6daysandstakedit. EHax…gAUawithdrew35,498$SOL($6.12M)from#Binanceand#Krakeninthepast3daysandstakedit. EGzi…mR7gwithdrew13,000.8$SOL($2.3M)from#Binance…pic.twitter.com/pfd24qTuSy —Lookonchain(@lookonchain)October27,2024 Theaccumulationwasn’tjustseenon-chain,asCoinShares’latestDigitalAssetFundFlowsreportrevealsthatSolanainvestmentfundssaw$10.8millioninnetinflowsoverthepastweek,intheirfourthconsecutiveweekofinflows. ThereportdetailsBitcoininvestmentproductssaw$920millionnetinflowsoverthepastweek,whileEthereumproductssaw$34.7millionoutflows.Intotal,cryptoproductssaw$901millioninflows. 🚨NEW:Solanasaw$10.8Minnetinflowsfromdigitalassetinvestmentproducts,markingitsfourthconsecutiveweekofinflows. Bitcoinledwith$920Mininflows,whileEthereumandCardanoweretheonlyassetstorecordoutflows. Source:@CoinSharesCopic.twitter.com/GYFqy5nqhZ —SolanaFloor(@SolanaFloor)October28,2024 InvestorsareaccumulatingSOLatatimeinwhichthecryptocurrencyisnearlyovercomingBinance’sBNBtobecomethefourth-largestdigitalcurrencybymarketcapitalization. It’sworthpointingoutthatbothcryptocurrencieshaveverydistinctsupplymechanics,eventhoughbotharegastokensusedwithintheirblockchainsthatpowertheirdecentralizedfinanceecosystems. WhileBNBhasareal-timeburningmechanismthatwasintroducedwithBEP-95andseesaportionofthecollectedgasfeesgetburnedineachblockinabidtoreduceitstotalcirculatingsupply,Solanadoesn’thaveamaximumsupply,butratheraninflationmechanism. Solanaisaninflationarytokenwhosesupplyincreasesatapredeterminedrate.Atlaunch,ithada500millionSOLsupplyallocatedduringthecreationofthegenesisblock—thefirstblockonablockchain.Thecurrenttotalsupplynowstandsat587millionSOL. FeaturedimageviaUnsplash. cryptoglobe.com

FirstDigitalLabshasofficiallyannouncedthelaunchofitsFDUSDstablecoinontheSolanablockchainatBinanceBlockchainWeek.ThisnewswassharedonSolana’sofficialXaccount.ThedecisionismeanttotakeadvantageofSolana’sscalabilityandlowfeesfortransactions.Inthis,FDUSDwillbecomepartofthegrowingSolanapaymentsanddecentralizedfinance(DeFi)ecosystem. Bitcoinbullmarketbeginswithleveragedbets “Thebullmarketwillcontinueas#bitcoincontinuestobedepositedintofuturesexchangesforleveragedbetsusingderivatives,ratherthanintospotexchangesforselling.”–By@t0_god Link👇https://t.co/1egL7L2YoOpic.twitter.com/uuQPEiSWtb —CryptoQuant.com(@cryptoquant_com)October30,2024 FDUSDJoinsUSDC,USDT,andPYUSDonSolana ByOctober28,2024,FirstDigitalhasfloated$2.6billioninFDUSDinthenumerousblockchainplatforms.ThisfigureisfromRWA.xyz.AsFDUSDhasenteredSolana,itwouldjoinotherprominentstablecoins.TheseareCircle’sUSDCstablecoin,Tether’sUSDTstablecoin,andPYUSD,thestablecoinlinkedtoPayPal.Thecurrentincreaseintheavailabilityofstablecoinsimpliesabetterresourcetodevelopers.ThisinturnresultstobetterdevelopmentofPayFiproductsfortheusers. StartingfromDecember2024,FirstDigitalwillreleaseFDUSDnativelyonSolana.Theintegrationofthesetwotechnologiesisexpectedtohaveseveralimportantadvantagesforusers.First,theycanexpectthatthetransactionwillbemuchfaster.FDUSDwillemploySolana’shighspeedblockchainplatform.Assuch,transactionswillbeeffectuatedinseconds.Thisspeedisgoodforrealtimepaymentsandsettlements. Moreover,thefeesassociatedwithtransactionsarealsolowerinthecaseofcryptocurrencies.TheframeworkmakesitcheapertotransfervaluebymakinguseofSolana.Thismakesitaffordableandobligatoryforwideracceptanceintothemarket.Inaddition,improvedscalabilitywillguaranteethatFDUSDmeetstheincreasingrequestsasthepopulationincreases. FDUSDExpandsCompatibilitywithSolana,Ethereum,BNB TheintegrationwithSolanaisoneofthenumerousplansforFirstDigital.Theywanttocreateastablecoinsystemthatisbothdiverseandrobust.Fornow,FDUSDiscompatiblewithEthereum,BNB,andSui.IntegratingSolanawillfurtherincreasetheavailabilityandliquidityofFDUSDcomparedtopreviouslevels. Ultimately,thispartnershipcanbeconsideredasapositiveshiftoftheblockchainmarket.Itaddschoicestotheuserendwhileofferingframeworkforfuturedevelopmentatthebaseend.ThereismoreinstoreinFDUSDonSolana,andusersshouldexpectmoreproductadvancementsinthefuture. blockchainreporter.net

Decentralizedexchangeaggregator1Inch’swebsitehasbeenbreachedalongwithmultipleotherplatformsthatusethesamefrontendlibrary,LottiePlayer. ThebreachoriginatedfrommaliciouscodeinjectedintotheLottiePlayer,awidely-usedanimationlibraryusedbyseveraldAppsandnon-cryptowebsites.Asofnow,nouserwalletshavebeenreportedlycompromised. 1inchUsersCautionedAgainstAnyInteractions AccordingtoseveralpostsonX(formerlyTwitter),1InchandTENFinancearetheconfirmedvictimsofthisattacksofar.However,thenumbercouldbemuchhigher,astheexploittargetedLottiePlayerversions2.0.5andabove. Hackershavereportedlyinjectedmaliciouscodeintothefront-endJSONfilesofwebsitesusingtheseversions.Thiscodenowenablesthecompromisedsitestoperformunauthorizedtransactions,posingaseverethreattousers’assetsanddata. ReportsfromBlockaidindicatethattheattackwasintroducedthroughacompromiseofLottiePlayer’scontentserver,whereamaliciousnpmpackagewasusedtodistributealteredcode.Blockaidandothersecurityfirmshaveconfirmedtheinjectionofunauthorizedscriptswithinthepackage. “Legitimatesites(noncryptoaswell)arenowservingmaliciouscontent,includinganti-debugevasioncode.@LottieFiles,itlookslikeattackershavemanagedtopushmaliciousversionsofyourpackage,withanotherversionbeinguploadednow,”BlockaidwroteinanX(formerlyTwitter)post. Atthetimeofwriting,1inchhasn’treleasedanyofficialstatementonthebreach.However,theLottiePlayerteamhasconfirmedthattheywereabletoidentifythecauseofthebreachandareworkingonremovingtheaffectedversions. Usersarestrictlyadvisedtoavoidconnectingwalletsorinteractingwithaffectedplatformsuntilthesecurityissuesarefullyresolved. Communitypostonthe1InchDiscordchannel CryptoHacksContinueToEscalate Securitybreacheshavebeenthemostplaguingissueofthecryptoindustry,andmaliciousactivitiescontinuetogroweveryyear. Mostrecently,hackersreportedlystole$20millionworthofcryptocurrenciesfromtheUSgovernment.Thefundswerealsopartofthe$3.6billionthatthefedsseizedfromtheBitfinexhackers. BlockchainlenderRadiantCapitalsufferedoneofthebiggesthacksofthisyear,losingmorethan$50million.Thehackersgainedcontrolofthefirm’sprivatekeysandrapidlydrainedtheseassets. However,theinvestigationandprosecutionofthesecrimeshavealsointensified.FBTrecentlyarrestedtheSECX(formerlyTwitter)accounthacker.Theaccusedisa25-year-oldAlabamamannamedEricCouncilJr. Earlierthisyear,theCouncilallegedlyhackedtheSEC’sXaccountandpostedfalsenewsaboutBitcoinETFapprovals,whichsignificantlyaffectedthemarket.Yet,thefedsbelieveCouncilwasn’tthebrainsofthisoperationandtheyaretryingtonegotiateapleadealwithhim. Sofar,cryptohackshaveexceeded$2.1billionin2024,withCeFiplatformstakingthebiggesthits. beincrypto.com

Intheever-volatilecryptocurrencymarket,today’stradingsessionshowcasedaremarkableupturn,withseveralprojectspostingsignificantgains.AshighlightedbythePhoenixGroup’slatestupdate,thestandoutperformerwasTroyAI,whichsurgedbyanimpressive70.2%,signalingrobustinvestorconfidenceandmarketdynamics. DAILYGAINERS$TROY+70.2%$TARA+40.3%$GFI+39.5%$MASK+34.6%$LINA+26.5%$GEL+24.6%$DEEP+20.9%$ZEUS+19.2%$PIXEL+18.8%$PAAL+17.7%#dailygainerspic.twitter.com/QDjpn8c4Ec —PHOENIX–CryptoNews&Analytics(@pnxgrp)October30,2024 TroyAI,aprojectaimedatleveragingartificialintelligencefortradingstrategies,sawitsvalueincreaseto$0.003withamarketcapreaching$37.2million.ClosebehindwasTara,anotherblockchainendeavorthatroseby40.3%,withitspricenowat$0.004andamarketcapof$20.3million.Theseprojectsledthe‘DailyGainers’list,reflectingagrowinginterestinnichetechnologieswithinthecryptospace. OtherSignificantMovers Thedatashowsthatothercryptocurrenciesalsoperformedwellinthemarkettoday.Goldfinch(GFI)recordeda39.5%gain,followedcloselybyMaskNetwork(MASK)witha34.6%increase,whichisnowtradingat$3.16.Linear(LINA)andGelato(GEL)eachpostedover24%gains,indicativeofbroadermarketpositivity. DeepBookandZeusNetworkexperiencedgrowthof20.9%and19.2%,respectively,suggestingthatbothnewerandestablishedprojectsarefindingtheirfootinginthecurrentmarketenvironment.Additionally,PixelsandPaalAIroundedoutthelistwithgainsnearing19%and18%,emphasizingthediverserangeofprojectsthatinvestorsarecurrentlybacking. Thecollectiveincreaseintheseprojects’marketcapsandpricesonvariousmajorexchangessuchasBinance,Coinbase,andBybitreflectsapossiblybullishtrendinthecryptoworld.Thispositivemovementmightbeaprecursortofurthergainsorcouldsignalatemporaryuptickinagenerallyunpredictablemarket.Investorsandmarketspectatorswillbecloselymonitoringthesetrendstobetterunderstandtheunderlyingfactorsdrivingtoday’sgainsandtostrategizeforfutureinvestments. Thissurgeacrossmultiplecryptocurrenciesunderlinesthedynamicandrapidlychangingnatureofthedigitalassetspace,whereinvestorsentimentandtechnologicaladvancementscontinuetoplaycriticalrolesinshapingmarketoutcomes. blockchainreporter.net

InanannouncementonOct.29,internationalcreditgiantVisaunveiledthepartnershipenablingreal-timemoneymovementbetweentraditionalbankingandcryptoservicesusingtheVisaDirectnetwork. “ThispartnershipaddsconvenienceandnewservicesforCoinbasecustomersacrosstheUSandEU,includingreal-time,reliable,andsecuremoneymovement,”itstated. Visa’sheadofcrypto,CuySheffield,commentedonthecollaborationonOct.30. ExcitedforVisatopartnerwith@coinbasetohelpthemutilizeVisaDirecttofundCoinbaseaccountsandenablerealtimecashoutshttps://t.co/aA9l6ZvwHm —CuySheffield(@cuysheffield)October30,2024 DayandNightTrading CustomersoftheexchangewillbeabletodepositfundsintotheirCoinbaseaccountsinreal-timeusingeligibleVisadebitcards,theannouncementadded. TheVisaDirectnetworkoffersquickandsecuremoneymovements,furtherbridgingthegapbetweentraditionalfinanceandblockchaintechnologiesandhelpingtominimizewaitingperiodsforfundavailability. HeadofVisaDirectforNorthAmerica,YanilsaGonzalezOre,commentedthat“CoinbaseuserswithaneligibleVisadebitcardknowthattheycantakeadvantageoftradingopportunitiesdayandnight.” Meanwhile,SeniorDirectorofProductManagementatCoinbase,AkashShah,added,“Bringingthisfeaturetoourcustomerssupportsourmissionofincreasingeconomicfreedomintheworld.” Collaborationbetweenthetwocompaniesgoesbackto2020whenVisaapprovedCoinbaseasa“principalmember”toimprovecustomerexperiences.Thelatestdevelopmentexpandsontheirexistingrelationship,whichincludestheCoinbaseVisadebitcardforUScustomers. Thecryptoindustryhasoftenstruggledtotaptraditionalbankingandpaymentrailsduetoconcernsovermarketvolatilityandindustryscandalssuchasthehigh-profilecollapsesin2022.However,ascryptoregulationsbecomecleareracrosstheglobe,someofthosechallengescouldbeeased. Additionally,cryptoregulations“couldbefirmedupintheUSbythenextadministration,”reportedBloomberg.CoinbaseisamongmanycryptofirmsthathavespentmillionsinfluencingthepresidentialelectionthroughdonationstosuperPACs(politicalactioncommittees.) CoinbaseEarningsImminent CoinbaseGlobalisslatedtoreportthird-quarterearningsonWednesday,Oct.30.Analystsexpectthefirmtoreportearningsof45centspershare,upfrom14centsashareinthesecondquarter,accordingtoreports. TheyalsoexpectthattradingontheplatformforQ3hasbeenstagnantasmarketshaveremainedsidewaysformostofthequarter. Companystock(COIN)wasup1.65%onthedaytoreact$221duringafter-hourstrading,accordingtoGoogleFinance.Coinbaseshareshavemade40%year-to-datebutremaindown35%fromtheirNovember2021peak,whichcoincidedwiththelastcryptobullmarkethigh. cryptopotato.com

Thecryptoindustrycontributedover$200Mto2024U.S.presidentialcandidates,aimingtoinfluencefutureregulatorypolicies. Trump’scampaignreceivedmajorsupportfromcryptoleaders,including$6.4MfromBitcoininvestorHowardLutnickand$2MfromtheWinklevosstwins. ElonMusk’sAmericaPAChasbackedTrumpwith$72M,showingalignmentwithhispoliciesandboostingtheroleofcryptointheelection. Thecryptocurrencysectorhasmadeasignificantmarkonthe2024U.S.presidentialrace,contributingover$200milliontosupportkeycandidates.NewfiguresfromtheFederalElectionCommission(FEC)revealthatthesecontributionsarespreadacrosspoliticalactioncommittees(PACs),candidates,andvariouspoliticalorganizations.Thisheavyfinancialbackinghighlightsthecryptoindustry’sambitiontoshaperegulatorypolicieswithinthenextadministration. 🚨NEW:WithjustoneweekoutfromElectionDay,we’regettingsomenew#cryptoelectionspendingnumbers.Accordingtorecent@FECfilings,thecryptoindustryhasnowdonatedwellover$200milliontovariousPACs,candidatesandpoliticalorganizations.Moretocomeonthis.… —EleanorTerrett(@EleanorTerrett)October29,2024 SubstantialContributionstoTrump’sCampaign Notably,DonaldTrumphasdrawnsubstantialfinancialsupportfromprominentfigureswithinthecryptocurrencyindustry.BitcoininvestorandTetheradvocateHowardLutnickalonehascontributed$6.4milliontoTrump’scampaign.TheWinklevosstwins,foundersoftheGeminiexchange,havecollectivelyaddedanother$2.04million. Furthermore,thesecontributionsemphasizethelevelofconfidencethecryptosectorhasinTrump’sabilitytoaddressitsinterests.FurthersupportforTrumphascomefromKrakenfounderJessePowell,whocontributed$844,943,alongwithBijanTehrani,co-founderofStake,whodonated$852,396. Additionally,JPRichardson,CEOofExodus,andentrepreneurGaryCardonehavedonatedamountscloseto$850,000each.Thesedonationsmarkastrongshowingofthecryptosector’ssupportforTrump’scampaign,suggestingtheindustryseesvalueinapotentialTrumpadministrationinaddressingdigitalassetregulation. HarrisGainsCryptoSupportDespiteFewerContributions Inaddition,whileTrumphasattractedthelion’sshareofcrypto-relatedcontributions,VicePresidentKamalaHarrishasalsogainednotablesupportfromthecryptoindustry.Rippleco-founderChrisLarsentopsthelistofhercrypto-relateddonors,contributing$10milliontohercampaign. Moreover,ThissubstantialdonationreflectsaconsiderablelevelofconfidenceinHarrisfromakeyplayerwithinthecryptoworld.TechinvestorVinodKhoslaandCoinbase’searlyinvestorReidHoffmanhavealsobackedHarris,withKhoslacontributing$1millionandHoffmanadding$250,000. Comparatively,whileHarris’scontributionsfromthecryptosectorremainsmallerincomparisontoTrump’s,shehasneverthelessgarneredsupportfromhigh-profileblockchainandtechinvestors.ThissupportforHarrisunderscorestheinfluencethatthecryptosectorseekstoexertovercandidatesfrombothsidesofthepoliticalaisle. Musk’sAmericaPACShowsAlignmentwithTrump ElonMusk,theworld’srichestindividual,hasalsoemergedasasignificantplayerinTrump’scampaign.MuskcreatedAmericaPAC,whichhassincechanneled$72milliontowardTrump’sre-electioneffortsbetweenJulyandSeptemberalone.Musk’sfinancialbackingsignifiesaclearalignmentwithTrump’spoliciesandpositionswithintheRepublicanParty. Therefore,asElectionDayapproaches,thesurgeincryptodonationshighlightsthestrategicinfluencetheindustryhopestosecureinshapingfuturedigitalassetregulations.WithmajorfinancialplayersaligningwithbothTrumpandHarris,thecryptosector’scontributionscouldimpactpoliciesregardingcryptocurrencyandblockchaininthenextadministration. cryptonewsland.com

RippleLabswillinvest$1millioneachyeartosupporttheIRC’sefforts. Thepartnershipfocusesonusingblockchaintospeedupcashhelpinemergencies. Together,theyaimtohelpvulnerablecommunitiesaccessvitalresourcesquickly. RippleLabshasjoinedforceswiththeInternationalRescueCommitteetoenhancecharitableaiddistribution.Thecooperationinvolvesacommitmentof$1millionannuallyforseveralyears.Thecompanywilltestits$RLUSDstablecoinforcashreliefprogramsandinternationalfundtransfers. TransformingHumanitarianinitiatives TheIRChasastronghistoryofprovidingemergencyassistanceglobally.Itoperatesinover40countriesandhasgivenawaymorethan$70millionincashandvouchers.Thiscollaborationallowsthefirmtouseitstechnologicalexpertisewithoperationalexperience.Together,theyplantochangehowsocialaidisdeliveredduringdisasters. 🌍💙Could@ripple\'s#blockchainsavelives? RipplejustpartneredwiththeInternationalRescueCommittee,pledging$1Mannuallytotestfunddistributionusingtheir$RLUSD#stablecoin. Theirfastpaymentscouldenablesecuretransferstoregionswithoutbanking…pic.twitter.com/LwXglKVNqh —Linqto(@linqtoinc)October30,2024 EricvanMiltenburg,SeniorViceHeadofStrategicInitiativesatRipple,highlightedtheimportanceofthisrelationship.HesaidthatcombiningRipple’stechnologywiththeIRC’sexperiencecancreatenewsolutions.Consequently,thispartnershipwillhelpcommunitiesaccessessentialresourcesmorequicklyandsecurely. DavidMiliband,presidentandCEOofthefirm,alsoexpressedexcitementabouttheagreement.Hesaidthathisorganisationiscommittedtoexploringnewsolutionsforhumanitariancrises.Additionally,Ripple’stechnologywillgreatlyenhancecashreliefefforts,especiallyinareaswithlimitedbankingaccess. LeveragingBlockchainforEfficiency TheaffiliationwilluseRipple’sXRPLedgerandtheRLUSDstablecointohelpdelivercriticalassistanceeffectively.Thisintegrationaimstoimprovethespeedandreliabilityofcashreliefprograms,asthetechnologycouldchangehowassistanceisdeliveredinemergencies. Furthermore,Ripple’sRLUSDtokenwillplayanessentialroleinoptimizinginterconnectedpayments.Itwillallowsmoothcrypto-to-fiatconversionstoenhanceliquidityforaidoperations.Thus,thepartnershipseekstolowercostswhilestreamliningtheaiddeliveryprocess. AddressingGlobalChallenges Thiscollaborationmarksanimportantsteptowardusingblockchaintechnologyforhelpingneeds.RippleandtheIRCwanttoensurethatassistancereachesthoseinneedquickly.Theirsharedgoalistotackleglobalchallengesinaiddistributioneffectively. Astheymoveforward,RippleandtheIRCwillexplorethepotentialofblockchaintechnology.Thisallianceservesasamodelforfuturecollaborationsbetweentechfirmsandhumanitarianorganizations.Bycombiningtheirexpertise,theyhopetofindeffectivesolutionsfornationwidechallengesinaiddistribution. cryptonewsland.com

Manypeoplehavestumbleduponunexpectedwealththankstocryptocurrencies.Youdon’thavetobeanexperttoseethatBitcoin’spriceissky-highcomparedtowhenitfirststarted.Backaround12-15yearsago,youcouldbuythousandsofBitcoinsforalmostnothing. It’sbelievedthatthebiggestgainsweremadebythosewhobelievedindigitalcurrenciesattheverybeginning.Butfastforwardtotoday,andnewcoinsarestillpoppingup,offeringfreshopportunitiestomakeafortune.Recentreportsshowthatthenumberofcryptomillionairesisontherise,provingthatpeoplearestillcashinginonthisdigitalgoldrush.Howmanycryptocurrencymillionairesarethere? TableofContents Understandingcryptomillionaires Estimatingthenumberofcryptomillionaires Factorsinfluencingthenumberofcryptomillionaires Whoaresomeofthetopcryptowhales? CountingMillionaires Understandingcryptomillionaires Cryptomillionairescomefromdiversebackgroundsandemployvariousstrategiestomaintaintheirwealth.Beyondearlyinvestors,manyhavemadetheirfortunesthroughsavvytrading,capitalizingonmarketvolatilitytobuylowandsellhigh. Othershavereallyflourishedintheworldofdecentralizedfinance,findingwaystoearnpassiveincomebylendingouttheirassetsorprovidingliquiditytoexchanges.Somecryptomillionairesreallymakethemostoftheirexpertisebylaunchingexcitingprojectsthatsolverealproblemsoroffernewexperiences,drawinginsignificantinvestment. Thecryptoworldchangesfast,andthesemillionairesrealizethatstayingattunedtomarkettrendsiskeytotheircontinuedsuccess. Estimatingthenumberofcryptomillionaires Howmanycryptomillionairesarethereintheworld?Accordingtothe2024reportbyNewWorldWealthandHenley&Partners,therearecurrently172,300individualsworldwidewhoholdcryptoassetsworthover$1million. ThenumberofmillionairesexclusivelyowningBitcoinhasmorethandoubledcomparedtolastyear,reaching85,400.Wealthgrowthinthecryptoindustryisbeingobservedatalllevels.Therearenow325cryptocentimillionaires—individualswithcryptoassetsexceeding$100million—and28cryptobillionaires. Amongthesixnewcryptobillionaireswhoemergedinthepastyear,fiveattributetheirwealthtoBitcoin,highlightingitsdominantroleamonglong-terminvestors. Worldwidecryptowealthstatistics|Source:Henley&Partners Factorsinfluencingthenumberofcryptomillionaires ThesurgeinwealthyindividualswithinthecryptospacecanbetracedbacktothegrowthofBitcoinETFs,whichhavegatheredover$50billioninassetssincetheirintroductioninJanuary2024,enticinginstitutionalinvestors. Additionally,justthisMarch,Bitcoin(BTC)soaredtoanewall-timehighofabout$73,750,contributingtothetotalmarketvalueofcryptoassetsclimbingto$2.43trillionatthetimeofwriting.Thisgrowthhasundoubtedlymademanycryptoholdersricher.Althoughsomecoinsstillhaven’tbouncedbacktotheir2021peakvalues,theacceptanceofcryptocurrenciesbybignameslikeBlackRockandFidelitycouldfuelevenmorewealthforthoseheavilyinvested. Whoaresomeofthetopcryptowhales? AccordingtoForbes,thelistofcryptowhalesfeaturesthefoundersofprominentexchanges,developersbehindblockchainplatforms,andotherinfluentialfigurescloselytiedtothecryptoscene.Herearethefiverichestamongthem. PaoloArdoino PaoloArdoino|Source:CoinDesk PaoloArdoinoisanotableplayerinthecryptoworld,steppingintotheCEOroleatTetherin2023.Hisjourneybeganin2014asaseniorsoftwaredeveloperatBitfinex,andsincethen,hehasbeeninstrumentalinTether’sgrowth,expandingitsstablecoinofferingsandenhancingblockchaininfrastructure.Ardoino’snetworthisestimatedat$3.9billion. MichaelSaylor MichaelSaylor|Source:michael.com MichaelSayloristhefounderandCEOofMicroStrategy,acompanythatspecializesinbusinessanalyticssoftware.Since2020,hehaspassionatelychampionedBitcoin,leadinghisfirmtomakeboldacquisitionsinthecryptocurrency.ThisinnovativeapproachhasallowedMicroStrategytostandoutasapioneeramongpubliccompaniesintheever-evolvingcryptoarena.Saylor’snetworthisestimatedat$4.4billion. GiancarloDevasini GiancarloDevasini|Source:Bloomberg…

Inasurprisingtake,acryptoanalysthasforeseenacrashinthepriceofSolanadespitetheongoingbullmomentum.ThisanalystisprojectingacrashinthepriceofSolana,offeringafreshperspectiveonthecryptoheavyweight. AccordingtoacryptotraderwhogoesbythenameAlanSantanaonTradingViewandisveryactiveonthetradingplatform,Solana’stradingvolumeinthepasttwomonthssuggeststhecryptoisgearingupforacrash. AnalystPredictsMassiveCrashForSolana AlanSantanaobservedthatSolana’stradingvolumehasdroppedsignificantlybetweenSeptemberandOctober2024,adevelopmentthatoftensignalsabearishoutlookandmaysuggestanupcomingdownwardpriceimpulse.Inferringfromthisoutlook,thissuggeststhatthevolumetrendispointingtowardsdemandtaperingoff. Theanalystalsodrawsacontrastwithlastyear’stradingactivity,specificallyfromSeptembertoNovember2023,whenSolana’svolumewasontherise.Thisuptickintradingvolumefueledabullishrallythatextendedthroughthefirstquarterof2024,withmomentumcarryingSolanatosubstantialhighsbyMarch. Basedonthedifferenceintwotimeperiodsandthecurrentdecreaseintradingvolume,theanalystsuggestedthatthereisahigherprobabilityofSolanagoinginamainbearishdirection.Inlightofthis,hehighlightedaSolanapricecrashbelowthe$50pricelevel.Interestingly,acrashbelow$50willeffectivelycanceloutthegainsinthepastyearandwouldreturnthecryptocurrencytoitspricerangeinNovember2023. SOLWhalesContinueWithActivity SolanaisstilllargelyinabullishmodedespitethedeclineintradingvolumethatwaspointedoutbyAlanSantana.Accordingtodatafromon-chaintrackingfirmLookonchain,cryptowhalesarehaveuppedtheirSolanatradingactivityinthepastweek,asevidencedbyon-chaindata. InarecentpostonsocialmediaplatformX,LookonchainhighlightedthreeinstancesofSolanawhaleaddresseswithdrawingSOLtokensfromcryptoexchangesandstakingthem.Thelargestwithdrawalcamefromaddress“AA21…VxH9,”whichmoved153,511SOLtokensworthapproximately$26.4millionfromBinancetostakethem. Anotherwhale,identifiedbytheaddress“EHax…gAUa,”withdrew35,498SOLtokensvaluedat$6.12millionfromBinanceandKrakenoverthelastthreedays,alsostakingthetokens.Ontheotherhand,whaleaddress“EGzi…mR7g”bought13,000SOLtokensworth$2.3millionfromBinancetobringitstotalholdingsto95,651SOL. Interestingly,anothersmartSolanawhaleaddressrecentlysold26,726SOLworth$3.86million.Thiswhale,knownforbuyinglowandsellinghigh,currentlyholds42,729SOL,whicharevaluedat$7.61million. Atthetimeofwriting,Solanaistradingat$178,upby8%insevendays.Theaccumulationandmomentumarebullish,andacrashtowards$40seemsbleakatthemoment. FeaturedimagecreatedwithDall.E,chartfromTradingview.com newsbtc.com

Liquidityre-stakingprotocolSwellplanstojoinOptimism’sSuperchainecosystemtolaunchanoptimisticrolluponOPStack.HavingpreviouslyaimedtobuildaLayer2chainusingPolygon’schaindevelopmentkit(CDK),SwellannouncedthatitwillmakeastrategicshifttofocusonOPStack.However,SwellemphasizedthatitremainsconfidentinthecollectiveecosystemthatPolygonhascreated. Thisproject,whichwillbecarriedoutincollaborationwithOPLabs,willjointheSuperchainecosystem,whichincludesotherLayer2rollupprojectssuchasCoinbase’sBase,Kraken’sInk,Zora,Mode,andSNAXchain.AtestnetisalsoexpectedtobelaunchedsoonfortheLayer2chain,whichisstillindevelopment. AllchainsintheOptimismSuperchainecosystemuseoptimisticrollupstoreducetransactioncostsonEthereum,providingamorecost-effectiveinfrastructurefordecentralizedapplications.ThisecosystemisgovernedbyaDAOcalledOptimismCollective. Swell’sOPchainwilluseETHinsteadofrswETHasagastoken.TheprojectwillalsoallocateaportionofitssequencerrevenuestoOptimismCollective,amovethatalignswithplansforallchainsintheSuperchainecosystem.ItisestimatedthatSwellcouldreceiveasignificantgrantfromtheOptimismFoundationforthistransition;Kraken’sInkprojectisalsoknowntohavereceivedasimilargrant. coinengineer.io