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3 Hidden Gem Altcoins Poised for Gains in August 2024
The crypto market has noted recovery over the past month, and it has resulted in many altcoins striking gains and taking top spots in their fields. BeInCrypto has curated these tokens to present three assets that could continue their growth in the next month. Undead Games (UDS) Undead Games has seen a considerable rise this past month as it became a leading asset in the gaming sector. The protocol has partnerships with major names such as Warner Bros., Immutable X, and Machinations, among others, giving it credibility. UDS has risen by more than 222% in the past month, changing hands...
July’s Crypto Mining Highlights: Russia’s New Law, Iris Energy’s Funding, and More
July 2024 saw interesting developments in the crypto mining industry. Significant legal advancements and strategic corporate developments shaped the sector. From Russia’s implementation of stringent regulations to key investments in mining infrastructure, these series of events showcase the sector’s swift evolution. Crypto Mining Gets Legal Framework in Russia Russia’s State Duma passed a law in late July to regulate crypto mining and digital asset circulation. The legislation targets large-scale operations by requiring them to be listed in the mining infrastructure operators’ registry. Home miners can continue without registration, provided they adhere to government-set energy consumption limits. However, this law excludes...
Crypto Whales Undeterred By Spot Ethereum ETFs Outflows As Large ETH Buys Continue
Amid recent Spot Ethereum ETFs’ outflows, crypto whales remain unfazed as they make massive Ethereum (ETH) purchases, suggesting a bullish outlook on Ethereum (ETH) and Spot Ethereum ETFs. This recent crypto whales’ accumulation has heightened investor activity on ETFSwap FS), an ETF(ET trading platform offering huge gains in the rising crypto-ETF market. Despite Ethereum’s lackluster reaction to Spot Ethereum ETFs approvals, crypto whales are showing remarkable confidence in the asset. According to crypto analyst Ali Martinez’s data , these crypto whales, holding over 100,000 ETH each, have accumulated more than 126,000 ETH worth approximately $440 million. Coincidentally, this buying spree...
