The cryptocurrency sector witnessed significant developments this week, marked by the launch of the Bitcoin Runes protocol, which generated over $135 million in transaction fees within its first week. This new protocol, leveraging the Bitcoin UTXO model and OP_RETURN opcode, has been developed by Casey Rodarmor, who also created the Ordinals protocol. In parallel, the crypto market saw Bitcoin trading above $64K, although the overall market capitalization slightly dipped by 0.10% to $2.48 trillion. The Ethereum NFT market also showed signs of vigor, with notable increases in floor prices, particularly for BAYC, which surged up to 16 ETH. Additionally, Stripe announced its plan to support USDC payments this summer, further integrating crypto payments into mainstream financial services.
DOJ OPPOSES MOTION TO DISMISS CHARGES AGAINST ROMAN STORM The DOJ argues that Storm's involvement in Tornado Cash goes beyond merely coding, citing the service's design to anonymize transactions which has been used by entities like North Korea's Lazarus Group for money… https://t.co/Hnq7ShcZD0
WBIT HOLDS $579M IN BITCOIN ACROSS 134 WALLETS: ARKHAM Arkham Intel has identified 134 wallets associated with WisdomTree's physical Bitcoin ETP, WBIT, which collectively hold 8,900 BTC valued at approximately $579M. Source: The Block https://t.co/ym14I4UtEJ
ETH IS WAKING UP 📈 https://t.co/NyiZzItmG3
RUNES GENERATE $135M IN TRANSACTION FEES IN FIRST WEEK Developed by Casey Rodarmor, who also created the Ordinals protocol, Runes leverages the Bitcoin UTXO model and OP_RETURN opcode for efficient tokenization, surpassing the capabilities of the BRC20 standard. Since its… https://t.co/kkHqCTum6D
Crypto is down $ETH is up https://t.co/WiUrw20F37
🚨 ICYMI: This is the DOJ’s opposition to defense in the Tornado Cash trial. This is one of the most seminal Crypto cases we have. Support Roman Storm and the Tornado Cash team from gov overreach and stay on top of this. This directly impacts your bags. https://t.co/nt2xuc6znk
Here's what's interesting about Rune Punks. Ordinals is a numbering system for Bitcoin and Inscriptions. The market values numbers, as we see in sub 10k inscriptions and Bitcoin Punks. Runes is a new (protocol level) numbering system for Runes and Inscriptions. Runes provides a…
Crypto update: #Bitcoin 63360 -0.91% #BitcoinCash 475 -2.80% #Ether 3237 +3.00% #Crypto10Index 16890 +0.25% #Solana 142.7 +0.05%
Happening now!! 👀 #runes #ordinals https://t.co/5aaumnyWf0
$ETH starting to perk up 🥹
The DOJ's opposition to Roman Storm's motions to dismiss and suppress evidence in the Tornado Cash case is filled with technical inaccuracies, obvious disdain for privacy and emerging technology, and misapplication of the law. The TLDR of the opposition is: look at our really…
Crypto's Battle for Privacy Intensifies in Face of Regulatory Clampdown #cryptoprivacy @SamouraiWallet https://t.co/gnnPTgA3wy
JUST IN: The US’ response to the defense's motion for dismissal in the Tornado Cash case is out. It argues that a company doesn't need to "control" funds to be considered a money transmitter business. This development could have significant ramifications for the Samourai case. https://t.co/RkYVbsd9H2
📉🔍 #Halving hit different this time? The hash rate is the pulse to watch 👀 From soaring costs to tech giants battling for power—what’s really happening? Check out our latest #BitcoinMining research: https://t.co/9DKuY1bauT https://t.co/hQg8AxMI4W
🔸 Following the recent Bitcoin halving, explore how Bitcoin Runes could play a pivotal role in the network's future. Our detailed blog post breaks down everything you need to know ↓ https://t.co/abYklnanfQ
Bitcoin Halving and Runes Launch Recap🧠 📈 Runes over-hyped? 😬 Bitcoin Halving priced in? 🎯 Is it over, or are we so back? With guests @nayverfayver, @nft4dummies, @BitcoinBugsy, @Theordinalist, @HipHopRunes, and @theerealTdiddy 🙏👊 Full podcast 🎧⤵️… https://t.co/Gf5n56pp9s
📈Market Overview #Bitcoin trades above $63K. The top-10 cryptos are traded in red zone: $SOL -2.99% $BNB -1.68% $DOGE -1.15% Market capitalization: $2.44T (-0.98%) The #BTC dominance: 50.89% (-0.24%) Fear & Greed Index: 67 (Greed) 👉 Top Gainers Coinye West $COINYE +96.1%… https://t.co/9mbT3nOWdo
RSIC has grown its holder base by nearly 100k from the @Memeland staking campaign. The @the_runedev donated 2% of the @rune_coin treasury towards the initiative bringing the team allocation down to 8%. Unique Holders: 500% 📈 Floor: 20% 📉 https://t.co/0AkKWYeDOG
What’s your take on the new token standard on Bitcoin: Runes?
busy week in legal / regulatory for crypto. check out this list of headlines since monday: - DOJ arrests Samourai Wallet founders - FBI publishes warning against using non-MSB crypto - Warren sends letter re: crypto & CSAM - DOJ files opposition to Tornado Cash MTD - Phoenix…
🟥 Things I’m looking at today 🟥 Crypto dips again, Yen worries spread, DTCC rules out BTC collateral Crypto * BTC: 63.1k (-2%), ETH: 3145 (+1%), SOL: 139 (-3%) * Top 100 gainers: MKR, XT, IMX, TRX * Crypto dips with ETF outflow again, ETH outperforms * BTC technical support… https://t.co/a5rH2aish5
A metric indicating the profitability of Bitcoin mining is quickly approaching all-time lows https://t.co/4tXLowtDMC via @technology
Morning Update -Crypto majors fall 2-4% as Japanese Yen breaks -ETH NFTs give back recent gains, fall 5-10% -Primera and Pebble outperform, jump 65% & 30% -XCOPY SZN continues, 136 & 256 ETH sales -Ordinal leaders dip 5-10%, Puppets below 0.3 -CyberKongz announces DECENTRALIZED… https://t.co/cX6kAIEeev
Time to review this week in crypto! https://t.co/AIBPovvxPS
🌐Get up to speed on everything you've missed in this week's news catch-up. From US DOJ’s 3-year prison sentence for CZ to BNB Chain’s strong growth in Q1 2024... #CryptoNews #CryptoRegulation #Bitcoin #Ethereum https://t.co/17rnLmTwja
1/ Diving into the latest developments in the general crypto space, exploring everything from record-breaking Bitcoin wallet numbers to regulatory shifts impacting stablecoins and ETFs. 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝙂𝘾𝙍 𝙒𝙚𝙚𝙠𝙡𝙮! 🧵
US investment giants BlackRock and Fidelity now own $BTC , worth more than $27 billion in their spot Bitcoin ETFs.
Only a week since Runes launched. Today, on the seventh day, more Runes were etched than the previous six days combined! What's really interesting is that the market found a new use case for Runes. The Rune name and number associated with a Rune makes a great (provenance)…
RSIC•GENESIS•RUNE is now the most widely distributed Rune with over 104000 holders! @rune_coin's brilliant partnership with @Memeland has cast a wide net, bringing tens of thousands of ETH users to Bitcoin's new fungible token standard. A Masterclass in expansion, 1 week in. https://t.co/2UzOL3SLc3
The U.S. Department of Justice pushed back against Tornado Cash developer Roman Storm's motion to dismiss a criminal indictment in a Friday filing. @nikhileshde reports https://t.co/U7YkitR60t
Some important crypto thoughts bubbling in my mind this week... 1) Stripe stablecoin news was massive, they legitimize things in fintech the way Elon does in physical industries or Sama does in AI 2) Coinbase is firing on all cylinders - Base, Solana support, fiat offramps,…
Interesting to follow which ordinal communities coalesce around which Runes memecoin. Learning more about the character, intention, and soul of each Bitcoiner every etching.
What happened in Crypto in the last 12hrs…? - RUNES have generated $135M since launch one week ago - $BTC hits new daily transaction record with 926,000 Vitalik Buterin says POW $ETH was “quite centralized” before POS - Mainland Chinese investors will be prohibited from… https://t.co/Zvkb4ubBH9
There are more punks etched into runes than bitcoins in circulation by now you degens…
"Rune Punks" and "Crypto Punks on Runes" are etching simultaneously. https://t.co/Ufd7yBG8qi
rune punk etchings are basically treating runes as erc1155 with a supply of 1. by increasing the supply to 10 or 100 but keeping divisibility at 1, could this be a new approach for art editions on bitcoin?
BREAKING: People are mass etching thousands of Punks into Bitcoin as Runes with a max supply of 1 View newest etches here: → https://t.co/eIkcq9tVFu https://t.co/dAYTQITtyV
The new Bitcoin meta is to have a Rune name with your Ordinal Inscription on a rare Sat. 🤣
The new Bitcoin meta is to have a Rune name with your Ordinal Inscription.
Didn't take mfers long to etch Punks as single supply Runes https://t.co/4a4ARUNT6m
The sub 10k Rune inscriptions took about 5 days to mint out. The 10k "Rune Punks" is going to take about 5 hours! https://t.co/HzXlf6e6v5
Blastopians up to 0.18 ETH now Much higher risk than at 0.04 earlier this week The future value of these going forward is pretty dependent on: - Whether or not any ETH collections bridge to Blast - Gold rewards distribution for Blast NFTs - Incentive system for Blur x Blast… https://t.co/ENJgFQC7Qd https://t.co/zWOd9jbwD9
Our Hashprice Index featured on the most recent episode of @theMiningPod👀 Great breakdown on why fees pumped -- then dumped -- and why hashprice is treading in all-time low territory right now👇 https://t.co/ZGwe92hxCq
Our Hashprice Index featured on the most recent episode of @theMiningPod 👀 Great breakdown on why fees pumped -- then dumped -- and why hashprice is treading in all-time low territory right now👇 https://t.co/hXvFTzbRAi
Magic Eden reports its facilitated more than $29 million in Runes trading since launching its Runes marketplace on Monday evening. https://t.co/d7XwaYysix
Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of this new standard https://t.co/pgdECXuuR1
In only 3 days Magic Eden has become the #1 Runes platform by daily volume. Over $29M transacted to date. Jobs not finished. https://t.co/o2vRJQk2gy
We are LIVE. Mint, Etch and Chill! We're talking Runes, Ordinals and #Bitcoin https://t.co/AstsRFGEM3
All roads lead back to punks. People are etching 1/1 Cryptopunks and essentially creating the first 10k runes collection. h/t @tnols82 https://t.co/pjVzeu0Kkx
We've had more Rune etchings in the last hour than we've ever had in any hour since the Bitcoin halving. Even more than the first hour of the halving. This is all because of this degen mint to be the first "first is first" 10k Rune inscriptions "collection." (Not counting the… https://t.co/O4VRCikyc1
ETH NFTs en fuego (not going to include any longer-term charts in this post, so we can stay positive): Weekly moves 1) MAYC +60% to 3.13 2) BAYC +40% to 16.50 3) DeGods +40% to 1.9 4) Moonbirds 🎉 +32% to 0.6 5) Azuki +16% to 4.4 Something about Blur/Blast launch incoming? I…
Runes are providing benefits to #bitcoin miners - TeraWulf CEO 🧑💼💰🐺 Have you used #Runes? 👀 Click below for the full report 👇👇👇 https://t.co/MnbJuavHbP https://t.co/59cT19GpTD
PREMIERE: Bitcoin's biggest project has arrived 📌 Plus, CZ's headed to Jail? @Consensys sues the SEC and the IRS is gunning for Crypto All this and more in the Weekly Rollup 📺🗞️ Jump in 👇 https://t.co/wadbQPw9PW
There's a new degen first is first (free) mint happening right now on Bitcoin. People are using Rune Inscriptions to inscribe this collection. The Rune name marks who is first. We've been watching and discussing this mint in the OCM @OnChainMonkey Discord. 👀
Runes Recap Friday with @1NSCR1BED & @DiscoHODL . Let’s vibe! https://t.co/0Enl0FzxLF
Stripe Adds Crypto Payments, @Consensys Sues SEC, @RenzoProtocol's $ezETH DEPEGS https://t.co/zcqFfWPI5d 0:36 Headlines 1:03 @stripe Adds Crypto Payments 5:40 Consensys Sues SEC 10:00 Renzo $ezETH Depegs 13:03 Restaking Overtakes Liquid Staking 15:42 @FTI_Global 17:14 Bitcoin… https://t.co/fJBZzqGUfF
FOMO HOUR #106 - IS THE BAYC BACK? • ETH NFTs continue to bounce, BAYC up 70% • APE announces Ape Chain testnet coming soon • Consensys sues SEC for labelling ETH a security • Stripe to support USDC payments by the summer • Another bad day for the ETF with $200M outflows •… https://t.co/CxOzLLwvyi
.@maplesyrupsuckr explores #bitcoin's hashprice decline post-halving in this Weekly Update. Despite the drop and a slight dip in hashrate, #BTC's network resilience remains unshaken 💪 Other highlights include: a look at Bitcoin's average transaction fees, the Runes protocol by… https://t.co/jEglHFUrNA
The Weekly NFT & Blockchain Gaming update: 📈 Runes Dominated BTC Transactions Post-Halving 💰 Telegram to tokenise stickers & emojis as NFTs 📉 ApeCoin price drops 66% last year amid BAYC decline Full details 👇 https://t.co/nn7tkgg3NX https://t.co/VlcyLbLN1H
Blackrock's Bitcoin ETF Wallets hold RSIC•GENESIS•RUNE https://t.co/bJbLajmlrX
The Morning Minute (4.26) ⏰Top News: -Stripe embraces crypto for global stablecoin payments -ETH NFTs see major rebound, leaders jump 20%+ -Blast NFTs soar led by Blastopians (and Wasabi) -Pantera announces $1B crypto fund, eyes memes -Immutable launches biggest web3 gaming… https://t.co/2sFTeOZUuc
The latest @thedailygwei Refuel is ready for your consumption! ⛽ Today's topics: - ConsenSys sues the SEC 💪 - Stripe crypto payments 👍 - Refuel on break until May 23rd 🫡 - and much more ➕ Watch 👇 https://t.co/4yVj9bDkJZ https://t.co/vtUF0eh3Jx
🚨JUST IN: 'RUNES' HAVE GENERATED A STAGGERING $135 MILLION IN FEES IN JUST ONE WEEK SINCE LAUNCH
Runes generate over $135 million in fees in first week on Bitcoin network https://t.co/seVdNqkOom
🟥 Things I’m looking at today 🟥 Consensys sues SEC, Stripe to support USDC, ETH NFTs finally bounce Crypto * BTC: 64.1k (+1%), ETH: 3125 (+1%), SOL: 143 (-1%) * Top 100 gainers: SAFE, W, BONK, BTT * Consensys sues SEC for labelling ETH a security * Stripe to support USDC… https://t.co/FsGehbBZ0r
ETH NFT floor prices are up. BUT: The biggest NFT opportunity right now might not be on ETH mainnet, but on Blast. Top Blast projects are up 50-300% in the last 7 days. One of the reasons for this might be that Blur will integrate Blast very soon. Top movers with good… https://t.co/3Z1x6NDN1x
Last weekend the Bitcoin Runes protocol went live. But did you know it's not the only fungible token protocol on Bitcoin? Building upon the Ordinals protocol, a method designed to create non-fungible tokens, Bitcoin developer Domo created the BRC-20 protocol. Essentially,… https://t.co/HsvWHbUgCq
Let's bring the week to a strong close! 👉SEC serves MetaMask with Wells Notice & Consensys sues SEC to protect Ethereum 👉Stripe announces support for stablecoin payments this summer 👉ETH NFT market rallies aggressively with BAYC up to 16 ETH https://t.co/4olIPRP8rE
📈Market Overview #Bitcoin trades above $64K. The top-10 cryptos are traded in different directions: $XRP +0.53% $BNB +0.17% $ETH -0.6% Market capitalization: $2.48T (-0.10%) The #BTC dominance: 51.05% (+0.10%) Fear & Greed Index: 70 (Greed) 👉 Top Gainers L7 DEX $LSD… https://t.co/qXWwlrhRQ9