Bitcoin 'Epic Sat' That Sold for $2 Million Used to Inscribe Ordinals Art

decrypt.co A Bitcoin “epic satoshi,” or a particularly rare version of the smallest denomination of BTC, was sold for 33.3 BTC in April—around $2.1 million at the time. Now it has been…

Bitcoin Runes Haven't Lived Up to the Hype? It's Still Too Early to Say

decrypt.co Runes, the new fungible token standard on Bitcoin, had enthusiasts buzzing when it launched in April amid the quadrennial Bitcoin halving event. But less than a month later,…

Layer-1 Landscape

coinmetrics.substack.com Get the best data-driven crypto insights and analysis every week: • None The innovations taking place across Layer-1 platforms is heating up, bringing changes that require…

Milestone: Bitcoin Network Processes One Billionth Transaction

bitcoinnews.com Bitcoin has reached a significant milestone as it processed its one billionth transaction, marking a monumental achievement for the network since its inception 15 years ago.…

Bitcoin mining revenue hits yearly low: Is BTC’s security at risk?

finbold.com Bitcoin’s (BTC) mining revenue plunges to new lows following the halving event, raising concerns about the network’s security and profitability for miners. Daily revenue…

Bitcoin mining difficulty set for sharpest drop since FTX collapse

cryptoslate.com Quick Take Bitcoin’s mining difficulty is on the brink of its most significant downward adjustment since the FTX collapse in December 2022. Newhedge forecasts a reduction of…

Why Bitcoin miners are not selling right now, explained

ambcrypto.com None Bitcoin’s miner revenue has fallen to its lowest in the last year. • None This is due to the recent decline in network activity. Per Bitcoin’s [BTC] Miner Position…

Bitcoin Miner Revenue Per Terahash Hits Record Weekly Moving Average Low

unchainedcrypto.com Bitcoin miners are likely starting to feel the weight of the lower block subsidy post halving, as profit margins shrink in light of lower average revenue per terahash. Data…

Mining revenue soared 200% in wake of ‘abnormal’ Bitcoin memecoin trading frenzy. But will it last?

dlnews.com The Bitcoin halving occurred in the early hours of Saturday, London time. The event slashed in half the amount of Bitcoin awarded to miners for maintaining the blockchain.…

Crypto's Bitcoin Runes Fever on Bankless

bankless.com Runes launch. The launch of Runes, a new protocol for minting fungible tokens on Bitcoin, did live up to the hype, at least initially. Are Runes a short-lived fad, or could…

First and largest Bitcoin Rune is down 85% in a month

protos.com Bitcoin was supposed to gain a new suite of features after its 4/20 Halving date thanks to Casey Rodarmor’s Runes, his new fungible token protocol. User numbers and prices…

Runes and BRC-20s are just a stepping stone for Bitcoin DeFi

cointelegraph.com Bitcoin is becoming a yield-generating asset, thanks to new token standards like Runes, which may only be a stepping stone for Bitcoin DeFi.

Bitcoin Sees Modest Gains as Network Processes Its 1 Billionth Transaction

decrypt.co Bitcoin began Monday trading above $65,000 for the first time in more than a week. It's since retraced slightly, but is still 0.5% higher than it was this time yesterday.…

Bitcoin Hits New Milestone, Processes One Billion Transactions

cryptopotato.com The Bitcoin network has achieved a new milestone: one billion processed transactions, 15 years, four months, and four days after its genesis block was mined. According to…

Bitcoin Network Surpasses One Billion On-Chain Transactions

thedefiant.io The Bitcoin network processed its billionth on-chain transaction more than 15 years after launching. The transaction was contained in Bitcoin’s 842,241st block and was mined…

Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens

cryptoslate.com Bitcoin network processed its one billionth transaction 15 years after it mined its genesis block in January 2009. Notably, the network achieved this milestone the same day…

Epic Satoshi ​​Spurs Launch of New Runes Tokens With $88M Market Cap

news.bitcoin.com According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly…

MicroStrategy Orange: Everything You Need to Know About Decentralized ID on Bitcoin

decrypt.co Following through on hints that MicroStrategy would get into Bitcoin software development as the Ordinals craze took off last summer, the company this week announced…

Bitcoin Fees Normalize After Runes' Coming Out Party Abruptly Ends

thedefiant.io Runes’ on-chain activity and Bitcoin transaction fees dropped more than 97% in two weeks. Bitcoin’s transaction fees have returned to normal after a brief parabolic spike…

Bitcoin Transactions Plummet Following Absurd Runes and Halving Surge

decrypt.co The price of Bitcoin may have taken a hit as of late—but at least you can again make payments using the coin with relative ease. Transaction fees for Bitcoin are now back to…

Solana-To-Bitcoin Cross-Chain Bridge To Launch In Q3 2024

watcher.guru A Solana-to-Bitcoin cross-chain bridge is expected to launch in the third quarter of 2024. The Zeus Network will launch its Zeus Program Library (ZPL) that connects the two…

Bitcoin Mining Profitability Hits An All Time Low, But Here’s Who Is Still Thriving

forbes.com The halving—a quadrennial event that reduces the number of bitcoins miners generate in each block—dropped Bitcoin’s block subsidy from 6.25 BTC to 3.125 BTC. Miners now earn…

SOTM Apr 11-17, 2024

5264302.fs1.hubspotusercontent-na1.net Welcome to our 168th issue of State of the Market, where we provide an overview of crypto market activity from April 11 – 17, 2024. U.S. Senators Gillibrand (D-NY) and…

The Bitcoin Halving's Degen Bets on Bankless

bankless.com BTC Beta. The Bitcoin Halving is scheduled for Saturday, April 20, but HODLing BTC is far from an exciting activity for crypto degens! What plays can you make in advance of…

Bitcoin fees overtake Ethereum in last 24 hours thanks to these two catalysts

dlnews.com Fees paid by users on Bitcoin surpassed those paid by users on Ethereum in the last 24 hours, according to data from Cryptofees, a data analytics site. Users paid $7.47…

Catalyzing Ordinals with Runes on Bankless

bankless.com When Casey Rodarmor introduced in January 2023, the Bitcoin NFT ecosystem entered a renaissance. This new approach to digital artifacts on Bitcoin opened the floodgates for…

Bioniq CEO envisages a programmable future for Bitcoin with Ordinals and new protocols

cryptoslate.com In the latest episode of the SlateCast, Liam “Akiba” Wright and Nate Whitehill welcomed Bob Bodily, the CEO and co-founder of Bioniq, to discuss the future of Ordinals, the…

OKX Partners with Bitcoin Asia to Offer Bitcoin Ordinal Ticketing for Flagship Conference in Hong Kong

benzinga.com HONG KONG, May 01, 2024 (GLOBE NEWSWIRE) -- SAR -- , a leading Web3 technology company, today announced that it will offer Bitcoin Ordinal ticketing services for the…

Solana to Bitcoin Bridge Zeus Network Targets Q3 2024 Debut

coingape.com Zeus Network announced its anticipated launch of the Zeus Program Library (ZPL) by the third quarter of 2024. This new development aims to connect the Solana (SOL) and…

Solana and Bitcoin NFT trading hits record numbers

cryptobriefing.com Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana…

Empire Newsletter: Why CZ and SBF’s sentencings were so different

blockworks.co CZ is no SBF CZ was sentenced yesterday to four months in prison for violating the Bank Secrecy Act. It’s not what the government wanted and it’s not what CZ wanted. But all…

Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget

news.bitcoin.com Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov…

Bitcoin Mining Profits Plunge as ‘Hashprice’ Hits All-Time Low

unchainedcrypto.com Not long after bitcoin miner revenues surged thanks to transaction fees from the Runes fungible token’s launch on the halving, the profitability levels of miners has fallen…

Bitcoin Runes fade away: Examining the effects on BTC miners

ambcrypto.com None Miners are currently underpaid as Runes transactions dropped. After the halving event, Bitcoin [BTC] fees experienced an unexpected spike, leading to a corresponding…

Bitcoin Breaks Through 1.6M Confirmed Transactions in a Single Day

cryptonews.com Just three days after the Bitcoin halving event, a record-breaking 1.6 million unique Bitcoin transactions were processed on April 23, according to data from Blockchain.com…

A look into Runes, a new Bitcoin token standard for issuing fungible tokens

blockworks.co The Runes protocol has gained a lot of interest in the Bitcoin community over the past few months. Runes is a fungible token standard designed by Casey Rodarmor, the creator…

Bitcoin Miner Revenue Drops To Yearly Lows: Will They Capitulate?

cryptopotato.com Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins…

Traders Watch XRP And Bitcoin Closely For Sudden Price Movements; Is $RECQ A Great Option Against Market Volatility

coinpedia.org The post Traders Watch XRP And Bitcoin Closely For Sudden Price Movements; Is $RECQ A Great Option Against Market Volatility appeared first on Coinpedia Fintech News TLDR…

TOKEN2049 Day 1 Recap: Bullish Views, New BTC, Web2-to-Web3 Bridges, and TradFi Interest

cryptonews.com The TOKEN2049 conference, held in Dubai this month, was a massive event. It hosted industry leaders and featured meetups, workshops, networking events, hackathons, and much…

Runes Daily Tx Fees Drop by 98.4% to $1.03 Million Post-Halving: Glassnode

cryptopotato.com According to Glassnode data, Runes transactions generated $117 million in cumulative Bitcoin network fee revenue post-halving, with $62.4 million amassed on the day of the…

Bitcoin Mining Stocks Plummets as Revenue Slumps

coingape.com Bitcoin mining stocks have plunged in the last few days as expected following dwindling Runes steam. Several public Bitcoin (BTC) miners posted losses in the previous 48…

Bitcoin’s 4th Halving

coinmetrics.substack.com Get the best data-driven crypto insights and analysis every week: • None Bitcoin will undergo its 4th halving at block 840,000, (est. April 20th), with block rewards falling…

Empire Newsletter: What’s wrong with EigenLayer’s airdrop

blockworks.co Stake, not steak Don’t call it an airdrop. EigenLayer’s finally-confirmed token generation event is a “stakedrop” — a very different concept. Anyone who had staked with…

Less than 0.5% of Runes tokens were successful, highlights analyst

cryptobriefing.com Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma…

Bitget Wallet COO Alvin Kan Is Confident Bitcoin Runes Are Here to Stay

coinjournal.net In the wake of the Bitcoin halving on April 19, the price of BTC has failed to maintain its upward trajectory, but the network has continued to generate headlines and…

Omnity Protocol Launches New Integration for Low Fee Runes Trading

cryptonews.com Omnity protocol is launching a new integration for the trading of Runes tokens without ‘risky cross-chain bridges” or any gas or transaction fees. In an announcement, Omnity…

Bitcoin Token Runecoin Hits All-Time High Price Ahead of OKX Listing

decrypt.co Runecoin, a token etched using the new Bitcoin Runes protocol and associated with the prominent RSIC Metaprotocol Ordinals collection, hit a new all-time high price…

Bitcoin ‘hash price’ slides to all-time low following fourth halving event

theblock.co Despite a brief pop in revenue for miners post-halving amid the Runes frenzy, hash price has now dropped to less than $50 per PH/s per day.

Omnity introduces cross-chain transactions for Bitcoin Runes

cryptobriefing.com Interoperability protocol Omnity has announced the integration cross-chain transactions for Runes using Internet Computer (ICP) infrastructure, allowing the usage of these…

Omnity Introduces Cross-Chain Transfer Functionality For Runes

thedefiant.io Runes users can now move their assets across Layer 1 and Layer 2 networks. Just ten days after its mainnet launch, Runes, the new protocol for issuing fungible tokens on…

Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving

cointelegraph.com Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.

Top 5 Best Platforms to Trade Bitcoin Runes

coingape.com Runes are a hot trend on the Bitcoin ecosystem. However, they're still new with limited places to trade. Best platforms to trade Bitcoin Runes include OKX. Our editorial…

Bitcoin Daily Transactions Just Hit A New ATH

newsbtc.com The Bitcoin network has witnessed a surge in trading activity in the days after the halving, as shown by on-chain data. Although the just concluded halving brought a lot of…

This Week on Crypto Twitter: Bitcoin Runes Mania and More Ethereum Legal Drama

decrypt.co Crypto Twitter this week was dominated by the industry’s new hottest topic, Bitcoin Runes—plus a steaming hot serving of legal drama in the form of a preemptive lawsuit…