Solana has dramatically risen to become the new leader in blockchain transactions, overtaking Ethereum and a lineup of other prominent EVM-based Layer-2 contenders. According to the latest figures from DefiLlama, Solana’s 24-hour volume reached a staggering $3.869 billion, eclipsing Ethereum’s $2.398 billion. This achievement highlights Solana’s growing influence and efficiency in handling transactions on the blockchain.

Notably, even when Ethereum is considered alongside other major blockchain networks like Arbitrum, Avalanche, Polygon, and Optimism, Solana still leads the pack by a significant margin. The platform’s remarkable performance demonstrates its capability to handle a vast number of transactions efficiently, making it a preferred choice for users and developers alike. Solana’s ascendancy to the top of the blockchain transaction leaderboard marks a pivotal moment in the ongoing evolution of the blockchain industry, indicating a shift in user preferences and technology advancements.

 DefiLlama

BIGCAP COINS:

1. Pepe: Market Cap of $3.2 Billion.
2. Solana: Market Cap of $86.8 Billion.
3. Bitcoin: Market Cap of $1.3 Trillion.

MIDCAP COINS:

1. BOOK OF MEME: Market Cap of $884 Million.
2. UMA: Market Cap of $323 Million.
3. dogwifhat: Market Cap of $2.5 Billion.

RISING COINS:

1. Mog Coin: Market Cap of $355 Million.
2. Pandora: Market Cap of $139 Million.
3. Node AI: Market Cap of $103 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Whether you’re young, mid-career, or playing the back nine, Roth IRAs can be an important tool for your financial goals. Four case studies below will illustrate how by combining Roth IRAs with bitcoin, you can save for retirement, optimize for your personal tax situation during retirement, and leave your bitcoin for the next generation.

These are hypothetical case studies based on our experiences, not real people. They’re intended to help you better understand how bitcoin Roth IRAs can fit into many types of retirement plans. Hence, they’re for educational purposes—you should discuss all personal situations with a financial, tax, or legal expert.

Sally the super stacker: Saving for… Read more on BitcoinMagazine

Title: Bitcoin ETFs Surge to #1 in 2024 Investment Flow

Bitcoin ETFs have taken a commanding lead in the 2024 investment flow, amassing a remarkable $23,616 million, a figure that towers over inflows into other ETF sectors. Notably, this marks a shift towards digital asset investments, with Bitcoin ETFs even outpacing the tech sector’s $15,625 million.

Further down the list, Spot Bitcoin ETFs garnered $11,957 million, signaling continued interest in the cryptocurrency space. All Treasuries came in at $6,728 million, suggesting a solid interest in government securities, albeit significantly less than for Bitcoin. On the lower end, the Real Estate Sector attracted $1,621 million, reflecting a more modest investor appetite in the property market within the ETF landscape.

This trend underscores a growing investor confidence in Bitcoin as an investable asset through ETFs, which may indicate a broader acceptance of cryptocurrencies. It’s an exciting time for potential investors, though one should consider their own financial circumstances and risk tolerance before participating in the market.

Disclaimer: Data and number values given in infographics can vary in real-time. The information provided here is intended purely for educational purposes and should not be construed as financial advice or used for anyone’s personal financial decision making under any circumstances.

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In a landmark case that has rocked the digital asset world, Sam Bankman-Fried, the founder of FTX, faces the possibility of spending up to 50 years behind bars for orchestrating what prosecutors describe as “one of the largest financial frauds in history.” As many await Sam Bankman Fried sentencing, US prosecutors assert that 50 years jail time aligns with the severity of his crimes.

Bankman-Fried’s lawyers deemed a potential 110-year prison term “grotesque” during his trial for alleged crimes. In November 2022, he lost all his wealth as FTX went bankrupt due to a surge in customers pulling out their funds.

The Allegations: Massive Fraud and Deception

Bankman-Fried, once hailed as…

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Amid Bitcoin’s recent price surge and growing investor interest, the London Stock Exchange (LSE) has announced its plan to start accepting applications for the admission of Bitcoin-backed Exchange Traded Notes (ETNs) in the second quarter of 2024.

ETNs, defined as debt securities offering exposure to an underlying asset, enable investors to trade securities tracking digital assets during London trading hours. This move by the LSE will provide professional investors with a new avenue to engage with the burgeoning asset class, marking a significant milestone in the integration of bitcoin into traditional financial markets.

Exchange Traded Notes: 3 Primary Criteria for Approval

According to…

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As the bitcoin market continues its rollercoaster ride, Bitcoin miners are bracing for the significant bitcoin halving 2024 event. Marathon Digital Holdings, one of the largest US-based Bitcoin mining companies, is taking proactive measures to navigate through the potential challenges posed by this event.

Preparing for the Bitcoin Halving 2024

The upcoming halving event, set to reduce bitcoin rewards for miners, has prompted Marathon Digital to ramp up its operations. CEO Fred Thiel predicts that the break-even point for Bitcoin mining will rise to approximately $43,000 post-halving, a significant increase from the current industry average of $23,000.

Thiel emphasized the importance of this…

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Crypto.com’s CEO, Kris Marszalek, in a recent CNBC interview, sheds light on Bitcoin’s promising future despite its dip from all-time highs. Drawing from a rich pool of data, Marszalek compares the current market trends to the period between December 2020 and January 2021, when Bitcoin surged from $20,000 to over $60,000. This comparison suggests we might be on the brink of another significant rally.

Bitcoin’s recent fall below $67,000, after hitting $73,000, doesn’t deter Marszalek. He points out that the cryptocurrency has faced and recovered from much larger drops in the past, indicating that the current volatility is relatively mild.

Marszalek remains upbeat about Bitcoin’s long-term prospects. He envisions a steady increase in its value, supported by growing market size and liquidity. His advice is to hold Bitcoin for the long haul, emphasizing its potential for substantial long-term appreciation. This outlook positions Bitcoin as a resilient asset in the digital finance landscape.

CNBC

$1M – $10M MarketCap:

1. Franklin (FLY): 169%
2. Pop Social (PPT): 49%
3. Rainmaker Games (RAIN): 45%
4. Media Network (MEDIA): 45%
5. Paysenger (EGO): 22%

$10M – $100M MarketCap:

1. r/CryptoCurrency Moons (MOON): 98%
2. r/FortNiteBR Bricks (BRICK): 43%
3. Comsats (CSAS): 31%
4. Muse DAO (MUSE): 31%
5. Inverse Finance (INV): 29%

$100M – $1B MarketCap:

1. Frontier (FRONT): 29%
2. Solchat (CHAT): 27%
3. Marblex (MBX): 26%
4. Phala (PHA): 24%
5. QANplatform (QANX): 22%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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El Salvador, led by President Nayib Bukele, is pioneering a financial revolution by acquiring Bitcoin daily since November 2022. The nation’s “1 Bitcoin a day program” illustrates a steadfast belief in the cryptocurrency’s future, with plans to continue until using traditional currencies to buy Bitcoin becomes impractical. This bold strategy extends to safeguarding its digital assets, recently moving a significant Bitcoin stash into a secure, in-country vault.

By adopting Bitcoin as legal tender in 2021, El Salvador positioned itself as a trailblazer in the global financial landscape, defying the skepticism of entities like the IMF. The country’s investment in Bitcoin goes beyond purchases to include mining and other initiatives, aimed at leveraging cryptocurrency to foster economic growth.

Visionaries like Tim Draper see El Salvador’s commitment as a potential pathway to wealth, powered by Bitcoin’s transformative promise. President Bukele’s philosophy, “1 BTC = 1 BTC,” underscores a long-term vision, emphasizing El Salvador’s role as a beacon of innovation in adopting cryptocurrency for economic advancement.

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