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Runes protocol

Blackrock’s Bitcoin ETF Wallets Hold Over $20,000 in Runes Tokens, Arkham Data Shows  

Blackrock’s Bitcoin ETF Wallets Hold Over ,000 in Runes Tokens, Arkham Data Shows  Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at $319M

Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at 9MOn Thursday, the newly launched Runes protocol token named “DOG•GO•TO•THE•MOON” climbed to the pinnacle of Runes-based tokens in trade volume across non-fungible token (NFT) marketplaces, including Okx’s NFT market and Magic Eden. In 24 hours, the token amassed approximately $13.20 million in trade volume between these two platforms and now boasts a market capitalization of […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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. […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin users spend record $2.4M in fees on halving block

The 2024 halving block has gone down as the most expensive block ever mined in Bitcoin’s history — with users scrambling to inscribe rare assets via the new Runes Protocol.

Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block. 

At 12:09 am UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts miner rewards by 50% from 6.25 BTC to 3.125 BTC per block.

Block 840,000 rapidly became the most sought-after piece of digital real estate in Bitcoin’s history with users dropping a total of37.67 BTC on fees, according to data from Bitcoin block explorer mempool.space.

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BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change