coinnetamca

To hell with Solv'un

It's all over. #SOLVUSDT

#part4 #Arcusdt Keep wishing for luck

#part3 a tiny gain #GRİFFAİN

#part2 #VICUSDT Continue with small profits

First pozition #FARTACOIN

I'm starting a series. The total amount of money I have is the amount in the photo. I will see how much I can increase this amount by making small trades. Wish me luck. I hope I don't get liq

Solana under potential capitulation as SOL price drops below key metric for first time since 2022

Solana’s price falls below key technical level for the first time since March 2022, signaling potential extended decline ahead.

The price of Solana, once the third-largest token by market capitalization, after Ethereum 
and Bitcoin, has plunged below the realized price level on March 11 for the first time in almost three years.

The price of Solana 
Solana
sol-2.44%Solana, once the third-largest token by market capitalization, after Ethereum 
Ethereum
eth-7.94%Ethereum and Bitcoin 
Bitcoin
btc-0.45%Bitcoin, has plunged below the realized price level on March 11 for the first time in almost three years.

The last time SOL fell below that technical level was in March 2022, when the price entered a multi-week slide, only recovering above that level in November 2023. However, there have been cases where the price briefly dropped below this metric, such as in November 2020, when it dipped below $2, but then recovered by February 2021, Glassnode’s data shows.

It’s unclear how things will unfold this time, as SOL’s decline coincides with a broad market selloff. Data from DefiLlama also shows that Solana’s fee revenue has plummeted to around $420,000 per day, a 90% drop since January when SOL was trading at $250, likely triggered by the memecoin frenzy.
In October 2023, asset management firm VanEck predicted that Solana could see a 10,000% growth in value by 2030 if the blockchain attracts 100 million users. In its diverse valuation scenarios, VanEck acknowledged a bearish case, where SOL could trade around $9.81, though it also noted that a bullish scenario could push the SOL price above $3,200 by 2030.

Texas introduces second Bitcoin reserve bill to allow $250M investment

Texas state lawmakers have introduced a second Bitcoin reserve bill that would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies.
On March 11, a document on the Texas state government site reveals another Bitcoin reserve bill, HB 4258, has entered the ring. This is the second Bitcoin reserve bill to be introduced in the state, following Senate Bill 778, which is currently being reviewed by the House after passing a majority vote in the Senate.
Unlike the first bill, HB 4258 would grant the Comptroller, Texas’ chief accountant and financial watchdog, the ability to invest up to $250 million of the state’s economic stabilization fund balance in Bitcoin or other kinds of crypto assets.
Not only that, the bill also allows municipalities or counties to invest in Bitcoin or any other cryptocurrency, but not more than $10 million of its funds may be allocated to crypto.
The first bill, SB 778, did not specify the amount of funds that the state could invest in Bitcoin or crypto. Although, it did stipulate that the state would start collecting taxes and donations in cryptocurrency. Furthermore, Texas has a minimum five-year embargo on selling state Bitcoins.
Earlier this month, the state Senate approved a proposal to invest public funds in Bitcoin with a 25-2 vote. Texas House will now review the bill and announce their decision to reject or approve it by May 24 at the latest. According to Satoshi Act Fund founder Dennis Porter, House members might expedite the process and land the proposal on the governor’s desk soon.
According to the Bitcoin Reserve Monitor, there are at least 21 U.S. states that are mulling over cryptocurrency strategic reserves. Each state is at different stages of legislation approval, with 19 state legislations still pending, two still considering proposals, while five have been rejected.

Bitcoin dropped below $80,000 to $77,490 on Monday, March 10, 2025, amid a broader crypto market decline. However, Nigel Green, CEO of deVere Group, a global financial advisory firm, views this as a short-term setback, maintaining that Bitcoin remains in a long-term upward trend. Green notes that such volatility is consistent with Bitcoin’s history, suggesting the market could recover from this reaction. The article mentions that this price movement follows strategic reserve news, framing it as a short-term market response. Green also highlights Bitcoin’s potential to become a geopolitically significant asset in the future.

Bitcoin Price Rollercoaster: Trump’s Bitcoin Reserve and Options Expiry Fuel Wild Swings in 2025

Volatility Spikes as BTC Dances Between $78K and $82K—What’s Driving the Crypto Chaos?
Bitcoin’s price is on a wild ride in March 2025, swinging between $78,000 and $82,000 as bullish dreams fade and traders grapple with a perfect storm of macroeconomic shifts, regulatory buzz, and a massive options expiry. After teasing $90,000 last week, a “sell-the-news” wave—sparked by Trump’s Strategic Bitcoin Reserve and the White House Crypto Summit—wiped out gains faster than you can say “blockchain,” according to the latest Bitfinex Alpha report shared with crypto.news. Buckle up as we unpack the forces shaking the crypto king!

Kraken may know Satoshi’s identity

Coinbase director Conor Grogan speculated that Kraken and its founder, Jesse Powell, may have access to Satoshi Nakamoto’s real identity due to a 2016 acquisition.
This week, blockchain data provider Arkham indexed approximately 22,000 wallets believed to be controlled by the pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto.
While Grogan questioned the use of the Patoshi Pattern, a specific mining routine some believe Satoshi used, the Coinbase director acknowledged the merits of Arkham’s research, stating that the report provided new evidence about Bitcoin’s early activity.

One of the wallets highlighted by Arkham and confirmed by Grogan is among the few publicly known addresses from which Satoshi spent BTC.
The wallets link to a withdrawal address registered at CaVirtEx, a Canadian crypto exchange. “I believe this is the first documented on-chain link between a Satoshi-linked wallet and a CEX,” Grogan wrote in an X thread.
Kraken, founded by Jesse Powell, acquired CaVirtEx in 2016 and may have retained customer data from the exchange. This suggests that Kraken and Powell could potentially have access to Satoshi’s real identity. “My advice to him would be to delete the data,” Grogan added.
You might also like: Arkham: Satoshi Nakamoto’s Bitcoin stash worth over $100b
Grogan’s investigation also connected one of the so-called Satoshi addresses to an active Bitcoin whale, whose holdings are worth $3 billion at current prices.
The mystery surrounding Satoshi Nakamoto’s identity has persisted since Bitcoin’s launch 16 years ago. Figures like Craig Wright have claimed the title, but community-led efforts have repeatedly debunked such assertions.
Meanwhile, many within the crypto space believe it is in Bitcoin’s best interest for Satoshi Nakamoto to remain a faceless blockchain legend.

Bitcoin miner Bitdeer acquires $21.7m power plant in Canada

Bitcoin mining firm Bitdeer has acquired 19 acres of land in Alberta, Canada for $21.7 million. The power plant could scale up to 1 GW of power.
According to Bitdeer, the site is fully licensed and already includes the permits required to construct an on-site natural gas power plant. In addition, Bitdeer also received approval to build a 99 megawatt interconnection grid with Alberta Electric System Operator worth around $30 million or $300,000 per MW. The 99 MW grid of datacenter capacity will be used to mine more Bitcoin.
The site comes with a projected energy production cost of around $20 to $25 per MWh, according to current gas prices.
In partnership with Engineering, Procurement and Construction or EPC Company, Bitdeer plans to develop and build a power plant that will be ready and energized by the fourth quarter of 2026. In addition, Bitdeer will be allowed to deploy 9 EH/s of its SEALMINER A3 mining machines once development on the site is complete.
As part of the deal, Bitdeer will deploy a carbon utilization system that captures CO2 on the site, making it a net zero carbon producer project. This is meant to offset Canada’s carbon tax and potentially generate revenue through carbon credits.
Premier of Alberta, Danielle Smith, welcomes the Bitcoin mining project and encourages other firms to come to Alberta if they want to “do business and have a plan to bring your own power.”

$BTC

U.S. Senator Bill Hagerty to introduce stablecoin bill

Senator Bill Hagerty is set to introduce a new stablecoin bill as the largely crypto-friendly Republican Party seeks further regulatory clarity for the industry.
The stablecoin bill comes a few months after Hagerty unveiled draft legislation on the topic in October 2024. This effort aligns with similar proposals pushed in the House of Representatives, including drafts from former House Financial Services Committee chair Patrick McHenry and ranking committee member Rep. Maxine Waters.
The GENIUS Act is co-sponsored by Sen. Kirsten Gillibrand, Sen. Tim Scott, and Sen. Cynthia Lummis.
resident Trump signed an executive order that supports the establishment of a U.S. strategic digital assets stockpile. The EO also outlined the creation of a crypto working group, with the tasks expected including on regulatory clarity. Stablecoins form a major part of this framework.
Specifically, the GENIUS Act aims to establish a regulatory framework that positions the U.S. as the “crypto capital of the world.” Among its key provisions is a requirement that all stablecoins be backed by U.S. Treasury bills, U.S. dollars, and Federal Reserve notes.
The bill will require issuers to back all issued stablecoins with Treasury bills, U.S. dollars, and Federal Reserve notes. Issuers will also be required to undertake and publish monthly audit reports.
Hagerty has stated that he will work with U.S. House Financial Services Committee chair Rep. French Hill to advance the bill to President Trump’s desk.

Via- @coinim.net #StablecoinRevolution #USBitcoinReserves

Solving Ethereum’s gas problems

For years, Ethereum users have struggled with failed transactions due to insufficient gas fees. MetaMask’s new Gas Station eliminates this hassle by covering fees within the swap process itself.
With its new Gas Station feature, users can now complete token swaps without needing to maintain a separate ETH balance for gas. Instead, transaction fees are included directly in the swap quote, eliminating the need for last-minute ETH top-ups and making the process smoother.
MetaMask’s update comes at a time when Ethereum itself is undergoing a major change. Validators recently approved an increase in the network’s gas limit, raising it from 30 million to a planned maximum of 36 million gas units.
The gas limit determines the amount of computational work that can be processed in a single block, effectively setting the number of transactions that can be included.
When the limit is too low and network demand is high, fees surge as users compete for block space. Increasing the gas limit allows more transactions to fit into each block, improving network efficiency and easing congestion. #eth