Russia Cracks Down on Illicit Mining as Market Predictions Suggest Altcoin Wipeout

The State Duma in Russia has passed a bill that establishes criminal liability for individuals involved in illegal mining activities.

This development comes as market analyst Arthur Hayes predicts that nearly all alternative cryptocurrencies may go to zero, estimating that 99% of altcoins could face this fate.

On the other hand, an investor recently purchased $7.75 million worth of SOL and JUP tokens after their account had been dormant for seven months.