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OKX surpasses 50% of Bitcoin Runes market share

Coin Telegraph
OKX surpasses 50% of Bitcoin Runes market share
Bitcoin

The protocol is now an integral part of the Bitcoin ecosystem alongside Ordinals and BRC-20 tokens.

Crypto exchange OKX now accounts for 51.08% of Bitcoin Runes' daily trading volume through its Web3 marketplace. 

According to data from Ordinals analytic platform GeniiData, Runes' trading activity on other platforms, such as UniSat and MagicEden, has steadily declined since April, holding a combined 48.83% market share. Almost all Bitcoin Runes' trading activity is conducted through the three aforementioned firms and their platforms. 

Runes is a new protocol for issuing fungible tokens on the Bitcoin network that launched on April 20, the day of the Bitcoin halving. Less than one month after its inception, the protocol has generated a staggering 2,287 BTC ($143.6 million) in transaction fees and now forms the basis of the Bitcoin DeFi ecosystem along with Ordinals and BRC-20 tokens, which were invented last year. 

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Bitcoin DeFi ecosystem thrives despite market correction

Coin Telegraph
Bitcoin DeFi ecosystem thrives despite market correction
Bitcoin

The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year.

The Bitcoin decentralized application (DApp) ecosystem has been experiencing a revival with the introduction of native protocols since the creation of Ordinals and Inscriptions.

One such project, omnichain yield-generating protocol SolvBTC, has accumulated a total value locked (TVL) of $700 million from its yield-bearing Bitcoin minted on Arbitrum, Merlin, and BNB Chains. In a statement to Cointelegraph, SolvBTC developers claim that the protocol has recently surpassed 10,000 BTC staked and attracted “over 92,000 participants” shortly after its launch earlier this month. 

“The liquidity revolution of Bitcoin is a necessary prerequisite for the true explosion of BTCFi,” commented SolvBTC founder Ryan Chow. “In the near future, SolvBTC will be launched on and bridged to additional networks, effectively connecting BTC users, chains, and protocols.”

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UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

‘The new $10 billion protocol’: Bitcoin builder explains what is Runes

The Crypto Briefing
Less than 0.5% of Runes tokens were successful, highlights analyst
Bitcoin

The new Runes protocol for Bitcoin reached a $346 million market cap within its first week, representing explosive growth according to builder Punk 686.

The post ‘The new $10 billion protocol’: Bitcoin builder explains what is Runes appeared first on Crypto Briefing.

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UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

Bitcoin.com
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC
Bitcoin Fees
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTCIn the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per […]
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UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

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

Bitcoin.com
Blackrock’s Bitcoin ETF Wallets Hold Over ,000 in Runes Tokens, Arkham Data Shows  
Airdrop
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. […]
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UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

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

Bitcoin.com
Marketplaces See Surge in Runes-Based DOG Token Trading, Market Cap Now at 9M
Bitcoin tokens
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 […]
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UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

Bitcoin Daily Fees Hit New All-Time High of $80,000,000 Following Launch of Runes: IntoTheBlock

The Daily Hodl
Bitcoin Daily Fees Hit New All-Time High of ,000,000 Following Launch of Runes: IntoTheBlock
Bitcoin
Bitcoin Daily Fees Hit New All-Time High of ,000,000 Following Launch of Runes: IntoTheBlock

The Runes protocol launch is causing Bitcoin (BTC) daily fees to soar well beyond a prior all-time high (ATH), according to the crypto analytics firm IntoTheBlock. Lucas Outumuro, IntoTheBlock’s head of research, says on the social media platform X that Bitcoin transaction fees soared to $80 million on April 20th, 4x the prior ATH from […]

The post Bitcoin Daily Fees Hit New All-Time High of $80,000,000 Following Launch of Runes: IntoTheBlock appeared first on The Daily Hodl.

Read more
UN Experts Say North Korea Laundered 7,500,000 in Stolen Crypto via Tornado Cash in March: Report

UN Experts Say North Korea Laundered $147,500,000 in Stolen Crypto via Tornado Cash in March: Report

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