Solana near yearly high after 27% July gain and SOL price double bottom

Solana liquid staking tokens are increasing the networks onchain activity as its TVL crosses $5.5 billion.

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Why Ethereum ETF day one inflow wont be like Bitcoin Fireblocks MD

Stephen Richardsons view aligns with Bloombergs ETF analysts, who expect the spot Ether ETFs to capture 10%20% of the flows that Bitcoin ETFs did at launch.

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Steams Clicker Game Sensation Opens Debate About NFTs And Crypto Gaming

A clicker game on Steam recently became the talk of the town after flipping some of the most popular games on the platform. Banana became a sensation for its NFT-like rewards, which can be sold for over $1,000 on Steams marketplace. However, the clicking phenomenon has sparked a debate among crypto community members about the state of crypto and web3 gaming. Related Reading: Master Of Scams: Metallicas Hacked X Account Promotes Solana Token Peeling Steams Clicker Game Sensation Banana is an indie game on Steam that consists of clicking the image of a banana to obtain rewards. Although not the first of its kind, its players are rewarded with digital bananas every few hours. Rewards can go from common bananas worth pennies to rare bananas, which can be sold for up to $1,300. The free-to-play game hit the news after it surpassed some of the most popular titles on the platform. Banana flipped Elder Ring and Baldurs Gate 3 in the most-played games list. The clicker game only came second to Counter-Strike 2. As of this writing, the game remains the fourth most played game on Steam, with over 344,000 current players and a 578,000 peak in the last 24 hours. Moreover, it reached an all-time peak of 917,000 players earlier this month. However, the simplicity of the game raised some alarms among gamers. Many believed the clicker game contained malware that turns devices into crypto miners. While others wondered if the game was a scam of sorts. One of Bananas developers, Hery, denied the accusations. Hery told news media outlet Polygon that it is pretty much a stupid game with bananas, not a scam. Many users also speculated if the game was related to NFTs and cryptocurrencies, as it had an NFT-like feeling but without the blockchain technology. A Banana team member clarified that Banana wants nothing to do with crypto. They explained that the game had no intention of integrating crypto as it doesnt mix well with Steam. Additionally, they emphasized that it started as a goofy game to collect some bananas on your Steam profile. Are Crypto And Web3 Gaming Going Banana? Although Banana doesnt plan on integrating with the crypto industry, the game sparked several conversations among the community. Several members took the opportunity to discuss its implications for web3 gaming. A user highlighted the games popularity despite its simple mechanics, proposing the industry doesnt need AAA games to break out. Several community members agreed and suggested theres a misconception about the type of games needed in web3. Although complex and super action games are believed to be the only option, dudes just wanna have fun and make points, said an X user. Seemingly, the sentiment among many was that the industry is making it more complicated than it is. Some users believe that Banana and similar games could help with web3 gaming. The meme quality of the game was pointed out as a potential catalyst for broader adoption. Similarly, this week, Avalanche Gaming discussed Bananas implications on its Gamified Show. According to Paul Bettner, game developer and co-founder of Playful Studios, Banana could be a getaway to the larger world of crypto gaming. To Bettner, the behavior that we all love and participate in web3 as degens and web3 and crypto native users is, in fact, universal. While watching the phenomenon of Steams clicker sensation evolve, the game developer noticed that users were a bunch of degens that dont know theyre degens yet. Related Reading: Is Ethereum About To Take Off? Analysts Weigh In Amid ETF Approval Date Rumors Ultimately, he considers that people are learning how to degen. If most of these users knew what a wallet or a blockchain was, they would realize they could do that at 1000x the scale on a blockchain. Featured Image from Unsplash.com, Chart from TradingView.com

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Base TVL surges to $8B just days after overtaking OP Mainnet

Base has topped the Ethereum layer-2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.

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Analysts Foresee Altcoins Explosive Rally Incoming, Is The Correction Phase Over?

Over the weekend, the crypto market started recovering from the largest retrace of this bull cycle. The strong correction caused Bitcoin and the altcoins market to drop to levels not seen since February. While some sectors of the crypto community felt like the bull run was over or needed to cool-off, others seemed optimistic about the cycles future. Now that the market is back from the correction, analysts foresee that the altcoin season might come soon. Related Reading: Heres When Bitcoin Could Peak In This Accelerated Bull Run: Analyst Is The Correction Phase Over? Over the weekend, crypto analyst and trader MilkybullCrypto shared with his X followers that the Altcoins market capitalization was at an RSI level that initiates an explosive rally. Per his chart, this level is a reset for a healthy rally, as seen in 2016 and 2020. During these two cycles, when the altcoins reached this level, a huge rally followed. The analyst shared his latest forecast on Monday after seeing the market strengthen its recovery. To Milkybull, the altcoins market cap finished a Heatly retest. The market displayed a similar correction during the 2020-2021 rally before skyrocketing to all-time high (ATH) levels. The chart seems to display the same performance, which could mean that altcoins are in preparation for an explosive rally, if history repeats itself. Altcoins resembling performance between cycles. Source: MilkybullCrypto Similarly, crypto trader and analyst Captain Fabik considers the Healthy Correction is done. In his X post, the analyst identified a bullish falling wedge pattern, which signals a bullish rally incoming. Altcoins Cool-Off Or Euphoria Incoming? According to analyst and trader Rekt Capital, the Altcoin market cap, excluding the top 10 cryptocurrencies, has successfully retested the $250 billion level as a support level over the last several weeks. Per the trader, the altcoins are following the proposed path of his Ultimate Altcoin Market Cap Game Plan For The Coming Months. On this plan, Rekt Capital forecasted altcoins market cap would surge to the $315 billion level before retracing back to the $250 billion mark. This retrace would be followed by an explosive surge above the $440 billion market capitalization. Altcoins have stayed above the $250 billion support zone despite the strong corrections, as seen in the chart below. To the analyst, this suggests the market is now showing initial signs of trying to curl up from here. Ultimate Altcoin Market Cap Game Plan For The Coming Months. Source: Rekt Capital Renowned figures have expressed their disappointment in altcoins performance this cycle. Altcoin Sherpa considers that many alts didnt even run that hard over the last few months, which could suggest that its time for a cool-off. At the time, the analyst deemed altcoins rally was done for the next 1-4 months. However, others believe the euphoria phase for altcoins is coming. According to Crypto Yhodda, The alts will rise again, and by the end of 2024, they will go crazy. Moreover, the analyst believes that Altcoins Cycle III will give us some crazy pumps. According to his chart, the altcoins cycle I and II displayed a symmetrical triangle pattern before the breakout. The surge was followed by a slowdown before the upward trajectory continued, called Round 1 by the analyst. Subsequently, the rally would repeat the pattern on a second round before reaching the cycles top. Cycle III appears to be in the middle of Round 1, which suggests to the analyst there is a long road ahead before it hits the euphoria phase. Related Reading: Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential Altcoins market capitalization sits at $1.045 trillion in the weekly-chart. Source: TOTAL 2 on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Cryptocurrency funds surged to $2 billion in the past week, boosting total earnings to $5.5 billion in just three weeks

According to recent data, cryptocurrency funds saw an additional $2 billion in weekly inflows, bringing the total to $5.5 billion in just three weeks. This surge in investments indicates a growing interest in digital assets and the potential for significant returns in the market. The cryptocurrency market has been on a bullish trend, with Bitcoin [...]

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Bitcoin On Track For $1 Million Per BTC Fair Value, Analyst Says

An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in the future based on the growth curve in the total user count on the network. Related Reading: Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge The “total user count” here refers to the total number of investors present in the BTC space. Often, this metric is equated with the total number of addresses on the network carrying a balance, but in reality, it’s not the most accurate method as a lot of investors own multiple wallets. To make an estimation of an adoption curve, Woo has referred to all past studies done on the user count. The analyst shared the below chart in an X post a few days back. The adoption curve of the cryptocurrency over its entire history | Source: @woonomic on X The early part of the chart here is based on Glassnode’s on-chain clustering of addresses into “entities.” An entity is a collection of Bitcoin wallets that Glassnode has determined to belong to the same investor. For the next part of the curve, Woo has added the Cambridge and Crypto.com data on verified exchange users. Finally, the analyst has projected the resulting growth rate forward. According to this curve, there are a total of 426 million Bitcoin investors at the moment, with the number estimated to hit the 0.5 billion milestone by October of this year. Interestingly, the price of the cryptocurrency has been oscillating around this total user count growth curve throughout the years, as the below chart depicts. The adoption curve of the asset compared against its price action | Source: @woonomic on X More specifically, this oscillation in the price around the adoption curve of the cryptocurrency has existed since 2012. This means that in the pre-2012 period (the shaded region in the graph), this pattern doesn’t quite hold. “In the early days price was slow to catch up to user count, BTC didn’t even have a price until the 1000th user came in,” notes Woo. “Price discovery started with early markets like New Liberty Standard and MtGox. By Aug 2011 Bitstamp launched and we had multiple global exchanges to properly price the asset.” Now, if the growth curve of Bitcoin is taken as a guide for its future value as well, then the analyst projects a $1 million per BTC fair value by the year 2035. “Fair value” here is based on the line around which the asset has been oscillating. Related Reading: Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag From the chart, it’s visible that BTC has historically gained distance over this line during bull markets, so the peak value in future rallies can be significantly more than this fair value. It now remains to be seen how the price of the cryptocurrency will develop in the coming years and whether this relationship between it and the total user count will continue to hold or not. BTC Price Bitcoin has observed a plunge of more than 8% over the past week, which has brought its price down to $58,600. Looks like the price of the coin has registered a sharp drop recently | Source: BTCUSD on TradingView Featured image from iStock.com, chart from TradingView.com

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XRP Short-Term Movements Remain Uncertain, But 4-Hour Chart Shows Strength

XRP price action on lower timeframes, specifically under the 4-hour mark, remains notably uncertain, with erratic fluctuations and a lack of clear directional bias. However, a deeper analysis reveals that the broader structure on the 4-hour chart is offering more constructive insights. Despite the choppy short-term moves, the 4-hour timeframe maintains a bullish formation, suggesting that underlying momentum may be building.  The Bigger Picture For XRP A key insight shared by market analyst Andrew Griffiths suggests that a decisive move toward the bullish order block between 2.3907 and 2.3277, coupled with strong bearish momentum, could indicate the early signs of a structural breakdown. Related Reading: XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally? In his recent post on X, Griffiths emphasized that this price zone has historically acted as a significant area of demand, where buyers typically step in to defend support. However, if sellers dominate this region and the price fails to hold, it could signal a shift in market dynamics, potentially invalidating the current bullish setup. Despite this technical vulnerability, the overall crypto market sentiment continues to lean bullish. Bitcoins dominance remains firm, while the TOTAL2 chart, which reflects the performance of altcoins excluding Bitcoin, maintains a bullish market structure.  These broader trends support the idea that current weakness may be a temporary shakeout rather than the start of a deeper reversal. As such, price action around the order block is key, as it could serve as a turning point in the days ahead. Trade Setup: Waiting for Confirmation at Key Levels Andrew Griffiths outlined a strategic trading approach centered around the 4-hour bullish order block between 2.3907 and 2.3277. According to Griffiths, a price test of this zone, if accompanied by weak bearish momentum, could present a favorable buying opportunity.  Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? This aligns with his personal trading methodology, which focuses on identifying high-probability entries where price reacts to key levels with signs of exhaustion from the opposing side. For traders looking to capitalize on potential long setups, this zone may serve as an ideal area for entry, provided certain conditions align. Signs such as decreasing sell volume, long lower wicks (indicating rejection), or bullish candlestick formations within or just above the zone may act as confirmation of weakening bearish pressure.  Griffiths also emphasizes the importance of waiting for a clear reaction, rather than preemptively entering a position, to reduce the risk of a deeper breakdown. A well-placed stop-loss just below the lower boundary of the order block (2.3277) could offer a favorable risk-reward ratio, especially if the broader trend resumes to the upside. Featured image from Getty Images, chart from Tradingview.com

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Wall Streets Single-Day Loss Exceeds Total Crypto Market Value

The United States stock market experienced a significant decline recently, leading to a decrease in market capitalization. This downturn has raised questions about the stability of traditional financial markets and has sparked interest in alternative assets like cryptocurrencies. As Wall Street grapples with volatility and uncertainty, investors are turning to digital assets as a potential [...]

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DeFi Dips 27% in Q1 While AI and Social dApps Fuel Web3 Surge DappRadar Report

The first quarter of 2025 revealed a mixed trend for Web3, as outlined in DappRadars latest report. While the DeFi sector struggled through economic turbulence and security breaches, other sectors like AI and social dApps showed promising growth. According to DappRadars Q1 2025 report, the decentralized app (dApp) industry saw mixed trends. Consequently, the daily […]

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Bitcoin Long-Term Holders Show Conviction: 63% Of Supply Hasnt Moved In A Year

Bitcoin is facing a crucial test as its price continues to swing without clear direction, navigating a tense and uncertain macroeconomic environment. While volatility persists, many analysts believe the worst phase of the correction may be over. After dropping over 30% from its all-time high, Bitcoin has managed to hold above key support levels, reinforcing short-term optimism. Related Reading: Solana Eyes $200 Target As It Gains Momentum Recovery Could Mirror 3-Month Downtrend However, global tensionsdriven by escalating trade disputes and aggressive tariff policies from the USare shaking financial markets. The specter of a global recession looms large, making investors cautious across both traditional and digital asset classes. Despite the noise, on-chain data from Glassnode adds a layer of optimism. According to their latest analysis, 63% of Bitcoins circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic. Such behavior reinforces the belief that Bitcoins foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major moveonce macroeconomic conditions begin to stabilize. Bitcoin Holds Strong Amid Global Volatility: Rising Long-Term Conviction Massive price swings continue to shake both crypto and equities markets as volatility intensifies in response to rising global tensions and unresolved macroeconomic threats. Bitcoin, however, has held strong above the $81K level, suggesting that a potential recovery may be taking shape. The 90-day pause on U.S. tariffsexcluding Chinaoffered temporary relief, but uncertainty still dominates investor sentiment. Ongoing trade conflicts between the United States and China threaten global economic stability, with many analysts warning of a potential recession if no resolution is reached. These fears are weighing heavily on risk assets across the board. Despite the challenging backdrop, Bitcoins performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over. Adding to the optimism, top analyst Quinten Francois shared Glassnode data revealing that 63% of the Bitcoin supply has not moved in at least a year. This metric, often associated with strong long-term conviction, shows that the majority of Bitcoin holders are choosing to hold through volatility rather than sell into weakness. It reflects a maturing investor base with confidence in Bitcoins long-term value, even amid global uncertainty. If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation Prime Accumulation Zone? BTC Price Stalls Below Key Resistance After Bullish Surge Bitcoin is currently trading at $82,600 following a strong surge that helped the asset recover from recent lows. The move has brought some short-term optimism to the market, especially as BTC managed to reclaim the $81K levela key support zone that now needs to hold for bullish momentum to continue. However, significant resistance lies ahead. The price stopped near the 4-hour 200 Moving Average, currently sitting around $83,500. This technical level has consistently acted as a short-term barrier since Bitcoin lost the $100K mark, and bulls need a decisive breakout above it to confirm the beginning of a true reversal. If Bitcoin can break and hold above $83,500, the next immediate target is the $85K zone. Reclaiming that range could open the path for a push toward the $88K$90K resistance band and potentially resume the longer-term uptrend. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours Risk-Off Or Panic Selling? On the flip side, failing to hold above $81K would signal weakness and likely invite renewed selling pressure. A breakdown below $80K would reinforce bearish sentiment, possibly triggering a fresh wave of panic selling and sending BTC back toward the $75K support zone. Bulls must act quickly to defend current levels and push higher. Featured image from Dall-E, chart from TradingView

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Yield farming app accumulates $12M TVL 2 weeks after launch

The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH, and sfrxETH.

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Rare Crypto Signal Emerges That Could Spark Another 2017-Style Boom

A rare crypto technical indicator signal has appeared for the first time in over six years. The last time it fired, the total cryptocurrency market cap climbed more than 7,000% and put the asset class on the map. With the signal now firing once again, is this a prelude to another 2017-style market boom in digital currencies? Why Crypto Could Be On The Verge Of A 2017-Style Boom Volatility is the measure of how much price varies within a timeframe. For example, an asset that rises and falls $5 either way on average is nowhere nearly as volatile as something like Bitcoin which can crash by 80% then rip higher by a 1000%. The Bollinger Bands visualize volatility over the last 20-periods using a moving average and two standard deviations. When the tools tighten, it signals a lack of volatility. When the bands expand, they signal intense volatility ahead. Related Reading: Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally A squeeze setup involves the Bollinger Bands tightening, then expanding to release the energy built up in the trading range. This is precisely what’s happening in the Total Crypto Market cap chart for the first time since late 2016. In the chart below, Bollinger Band Width is at the tightest in over six years. Although past performance is no guarantee of future results, the last time the signal appeared the crypto market climbed from $10 billion to $780 billion in value. A massive move is coming in cryptocurrencies | TOTAL on TradingView.com Buckle Up: Bollinger Bands Suggest Volatility Ahead The Bollinger Bands are telling us that volatility is coming, but says little about the direction of price action. For a buy signal to occur, price must close above the upper band. Until that happens, all we know is a big move is coming. Volatility, however, can resolve to the upside, despite being more so associated with downside in financial markets. The VIX, which is a measure of implied volatility in the S&P 500, is also called the “Fear Index” because it so often spikes during corrections. Related Reading: This Bitcoin Indicator Turned $5 Into $34,000 Even Oxford Languages defines the term with a negative connotation. According to the authority, volatility is the “liability to change rapidly and unpredictably, especially for the worse.” Simply put, things could also get worse for crypto. But considering the extended downtrend and evidence from the last time the signal fired, this tight of Bollinger Band Width has the potential to produce a 2017-like rally in crypto. Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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No Altseason Yet: CZ Weighs In On Altcoins Performance Amid Crypto Market Retrace

Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isnt here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading: All Options On The Table: Bitcoin Must Hold This Level Ahead Of Trumps Crypto Summit CZ Says Theres No Altseason Yet On Friday, Changpeng Zhao, also known as CZ, responded to an X user asking when the Altseason will happen. The Binance founder pointed out the price tracking and market data website CoinMarketCap (CMC), which recently added an Altcoin Season Index. CZ highlighted that of the top 100 altcoins, very few have outperformed Bitcoin (BTC) in the past three months, suggesting that the Altseason wont happen yet. As the website states, the CMC Altcoin Season Index page provides real-time insights into whether the cryptocurrency market is currently in Altcoin Season, based on the performance of the top 100 altcoins against the flagship crypto over the past 90 days. Under this metric, an Altseason is in if 75% of the top 100 altcoins outperform BTC during the established period. To CZ, This is a tough ranking system, as he considers that 50 would be a good score for Altcoins. The CMC index page shows a score of 14/100, with only 14 altcoins outperforming BTC since early December. Some of the tokens in this list include Monero (XRM), Hyperliquid (HYPE), Pi (PI), Mantra (OM), Berachain (BERA), and the official Trump memecoin (TRUMP). Leading cryptocurrencies of 2024, like SUI and Solana (SOL), show 37% to 41% price decreases in the past 90 days. Meanwhile, memecoin sensations like dogwifhat (WIF), PEPE, FLOKI, and BONK have bled between 70% and 80% during this period. Analyst Michaël van de Poppe also noted that altcoins have had an overall negative performance on higher timeframes despite some recent price rallies. Massive green day on some Altcoins, they are up 2%! Then, you zoom out, and you zoom out, and you zoom out, he asserted. Altcoins Bottom Could Be Near Altcoin Sherpa stated that altcoins were in about the same or worse positions during the Summer 2024 retrace, pointing out that things were also pretty bleak overall and then we saw some strong bounces in August. However, he noted that, unlike last year, the market doesnt have a Trump Pump coming. Recently, some of the top cryptocurrencies saw a significant price increase after US President Donald Trump announced a strategic reserve that would include SOL, XRP, Cardano (ADA), Ethereum (ETH), and BTC. Nonetheless, after the March 6 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, the White House AI and Crypto Czar, David Sacks, clarified that the previously named altcoins were used as references for the most valuable tokens in the market. Sherpa considers that the markets bottom is close, but we still also probably have the chop period to get through before any substantial recovery. On the contrary, some industry figures have also commented on altcoins overall performance this cycle, suggesting that the Altseason already started but will be different from previous cycles. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 Here Are The Levels To Watch Recently, CryptoQuants founder and CEO, Ki Young Ju, stated that the Altseason had begun. He affirmed there will not be a direct Bitcoin-to-altcoins rotation this cycle, as BTC dominance isnt the key metric that defines it. To the CEO, trading volume is the metric that defines it this time. Ju also pointed out that this will be a very selective and challenging altseason, with only a few altcoins with strong narratives expected to thrive. Featured Image from Unsplash.com, Chart from TradingView.com

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DeFi Platform SIR.trading Faces Catastrophic Loss of $355K Total Value Locked in Major Blow

Decentralized finance platform Sir TrAdIng has suffered a devastating loss of its entire $355,000 Total Value Locked (TVL) due to an exploit. The exploit involved a vulnerability in the protocol that allowed attackers to drain the funds from the platform. This incident highlights the risks associated with DeFi platforms and the importance of robust security [...]

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United States Dominates Global Crypto Market With Massive $9.3 Billion In Profits

In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022.  Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it [...]

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Classic Minerals And AuResources Drive Blockchain-Backed Funding For Gold Mining Ventures

Classic Minerals Limited, an Australian gold exploration company, and AuResources AG, a Swiss fintech startup, have begun a $60 million funding initiative to leverage blockchain technology to boost the gold mining and fintech sectors. The collaboration is designed to accelerate the development of Classic’s gold projects, particularly the Kat Gap Project in Western Australia and the Forrestania Gold Project, by avoiding traditional commodity trade funding. Blockchain-Backed Capital In a move that bypasses traditional banking channels, AuResources, backed by digital and tokenization-focused bank Black Manta Capital, will provide the initial $10 million in funding.  This capital injection is intended to support Classic’s production capacity at the Kat Gap project and facilitate the development of the Lady Magdalene and Lady Ada deposits. By leveraging blockchain technology, the partnership introduces a new business model that aligns with the companies’ interests.  Related Reading: Solana (SOL) Price Primed For 50% Leap: Experts Turn Bullish Classic’s Kat Gap project, situated approximately 170km south of Southern Cross, has demonstrated potential. It boasts a $41 million reserve at 2.5 grams per tonne (g/t) and additional inferred resources of $120 million at 2.19g/t within the area.  Following a successful trial mining phase in mid-August 2023, the project has generated revenue, with gold sales surpassing $967,000 across the September and December 2023 quarters. The collaboration with AuResources aims to build upon this initial success, facilitating further exploration. In addition, Classic Minerals has acquired full control of the 500 km² Forrestania Gold Project Properties. The Forrestania Project, with a history of production and resources Inferred and Indicated, represents additional exploration and development for blockchain-backed financing. Gold Financing Enters The Digital Age After a long period of planning and support from investors, Ian Cooper, CEO of AuResources, expressed his excitement about the partnership by stating the following: Being able to reach this milestone today is the result of two years of dedicated work and the unwavering support of our investors. The entire team is proud to move forward, and we couldn’t have found a better partner than Classic Minerals. Furthermore, the financing structure, backed by gold “tokens” using distributed ledger technology, aims to provide investors with increased security and transparency.  Related Reading: Euphoria Or False Dawn? Why The Ethereum $4,000 Party Might End Soon On the other hand, John Lester, Chairman of Classic Minerals, expressed his gratitude towards AuResources and Black Manta Capital Partners for their support, stating:  The launch of this funding round firmly establishes Classic on the international stage. We are now poised to deliver exceptional value to AuResources, Black Manta Capital, and our esteemed shareholders. Overall, the partnership and the new funding strategy underscore the use and wider adoption of blockchain technology within the crypto asset industry and for traditional finance (TradFi) companies such as gold and other commodities.  Featured image from Shutterstock, chart from TradingView.com

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Crypto Markets Monster Cycle: $7.5 Trillion Market Value By 2025, Bitcoin Targets $150,000

In a recent Bloomberg report, it has been revealed that the market value of crypto assets is expected to witness a remarkable surge, nearly tripling to $7.5 trillion by 2025.  Wall Street Firm Predicts Monster Of A Crypto Cycle The next few years are likely to usher in a monster of a crypto cycle, according [...]

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Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead

On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]

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Total crypto market cap approaches $1.2 trillion: is this an opportunity to invest in AltSignals?

The cryptocurrency market underperformed earlier this week but has now resumed its upward ascension. The positive performance has seen the total cryptocurrency market cap approach the $1.2 trillion mark. Major cryptocurrencies, including Bitcoin and Ether, have all recovered from their weekly lows and could be set to rally higher in the near term. With the …

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