It’s another busy week in the crypto markets! FTX recently made moves to unstake a huge bag of Solana as the distressed exchange begins to make payouts to its investors. Meanwhile, Kaspa unveils new tools for on-chain builders, while Rollblock (RBLK) continues to make new highs as investors keep on coming. Let’s dive in!
Solana (SOL) FTX Selling Should Be Absorbed Over The Counter
The bankrupt crypto exchange FTX recently unstaked $24 million worth of Solana tokens, which rattled Solana traders this week on suspicions that they will sell their holdings to repay investors. FTX is expected to use Solana to cover some of its $16 billion debt after the exchange and its trading arm, Alameda, imploded in 2022.
The unstaked Solana tokens are likely to be scooped up by Pantera Capital in a discounted OTC deal. Solana’s price is unlikely to be affected by the selling, as demand for Solana has been notably strong in recent weeks in the run-up to the Solana Breakpoint conference this month.
Kaspa (KAS) Bullish Launch For KRC-20
Kaspa is up 2.7% today to reach $0.16, as its market cap hits $4.1 billion. This means that Kaspa is on the cusp of taking a place in the crypto top 20 coins by size, an extremely good sign that Kaspa adoption continues growing at a furious pace.
Kaspa recently launched the KRC-20 standard, which will enable developers to build on Kaspa across a range of platforms. This will increase the interoperability of the Kaspa ecosystem and may well lead to yet new highs in the coming weeks.
Rollblock (RBLK) Casino Hits New Highs
Rollblock (RBLK) stunned investors with its resilience and strength this summer as it continued to hit new all-time highs throughout July and August. This web3 casino powerhouse has so far raised over $3.4 million in its early stage funding rounds, and shows no sign of slowing down.
Rollblock represents a new era in online gaming, as it makes use of the very best of Web3 technology to immortalize all transactions onto the Ethereum blockchain. This makes it impossible for anyone to manipulate gamers’ bids once placed, as users can verify everything for themselves on chain.
Rollblock remains true to the trustless nature of crypto by enabling fully anonymous gaming. No KYC data is required upon registering, removing the risk of personal data being leaked by unscrupulous third parties. Simply, gamers can sign up with an email address and connect a crypto wallet to begin exploring the 7000+ casino classics on offer.
Rollblock also has the great benefits of its native currency, RBLK. This is used for all payouts and offers holders a unique range of benefits including the ability to stake holdings for up to 30% yield. RBLK is being tipped to grow up to 100x this year, thanks to massive adoption and an innovative revenue share scheme that will reduce supply on exchanges using Casino profits to burn tokens.
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This all makes for an incredibly bullish set up and investors should hurry to grab a moonbag at just $0.026 before stage 6 sells up completely!
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