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Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue DropAccording to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Bitcoin fees crash after record daily average of $128 on halving day

The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore.

The average fees paid on Bitcoin have sharply fallen just a day after reaching a record average of $128 on April 20 — the day of the fourth Bitcoin halving.

As of April 21, Bitcoin (BTC) fees have fallen to an average of $8-10 for medium-priority transactions, according to mempool.space.

Only one day before, Bitcoin clocked $78.3 million in total fees, beating Ethereum by over 24 times according to Crypto Fees.

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Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived TokensWhile the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values. […]

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets

Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific MarketsIn the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden. The Runes Economy Has Been Born Since their […]

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Bitcoin fees top Ethereum for 3 days in a row as halving approaches

Transaction fees will play an important role in keeping Bitcoin miners afloat after the halving as the subsidy for mining a block is set to fall from 6.25 BTC to 3.125 BTC.

Fees on Bitcoin have surpassed Ethereum for three consecutive days as miners and traders prepare for the upcoming Bitcoin halving, and, to a lesser extent, the introduction of Runes on Bitcoin.

Bitcoin miners have cashed in $7.47 million in fees on April 17 — about $160,000 more than the $7.31 million paid to Ethereum stakers, according to Crypto Fees.

Bitcoin miners also raked in $9.98 million and $5.91 million across April 15 and 16 — beating out Ethereum stakers by $3.5 million and 1.1 million on those respective days.

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Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

The Runes protocol will ignite a new season for Bitcoin after the halving

The Runes protocol will launch when Bitcoin's halving takes place, and a wave of new tokens will ignite a new season for the world's largest blockchain.

The 2024 halving is a major event in the cryptocurrency world. This year, however, the Runes protocol — and the hunt for the epic satoshi, the first satoshi of the halving block — will begin on the same day, and that could be an even more significant event in Bitcoin's (BTC) history.

The Ordinals protocol launched in December 2022 and brought an unprecedented cultural movement to the world's largest blockchain. It is often referred to as "The second phase of Bitcoin." Ordinals allowed users to begin putting things such as images, audio and code files on the Bitcoin blockchain.

After that successful launch, developer Casey Rodarmor introduced the concept of the Runes token protocol, which is designed to facilitate the creation of fungible tokens on the Bitcoin network.

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Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Ordinals Explorer Ord.io Nets $2M in Pre-Seed Round to Pioneer Next-Gen Bitcoin Services

Ordinals Explorer Ord.io Nets M in Pre-Seed Round to Pioneer Next-Gen Bitcoin ServicesOn Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the […]

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem

Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC EcosystemAs the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed by the creator of Ordinals, Casey Rodarmor, and has been met with considerable enthusiasm since its announcement in September 2023. The following is a comprehensive […]

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

Bitcoin Ordinals Token That’s Exploded Over 4,600% in a Month Flashing Bullish Signal, According to Top Analyst

Bitcoin Ordinals Token That’s Exploded Over 4,600% in a Month Flashing Bullish Signal, According to Top Analyst

A widely followed crypto analyst says one Bitcoin (BTC) ordinals token that has skyrocketed in the last few weeks still possesses more upside potential. Pseudonymous crypto strategist Bluntz tells his 254,300 followers on the social media platform X that he has entered a long position on PUPS (Ordinals) amid an ascending channel breakout on the […]

The post Bitcoin Ordinals Token That’s Exploded Over 4,600% in a Month Flashing Bullish Signal, According to Top Analyst appeared first on The Daily Hodl.

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report