Developers Ethan Heilman and Armin Sabouri view OP_CAT as a simple opcode that offers some of the general purpose functionality currently missing in Bitcoin.
Taproot Wizards’ New Bitcoin NFTs Already Trading at Twice the Initial Sale Price
With almost two hours left for whitelisted buyers to claim the digital-art collectibles, at least 2,560 of the series of 3,000 had been claimed, at a fixed price of 0.1 BTC ($4,274 each).
Taproot Wizards Recovers From Tech-Marred Debut, Selling $11M of Bitcoin NFTs
With almost two hours left for whitelisted buyers to claim the digital-art collectibles, at least 2,560 of the series of 3,000 had been claimed, at a fixed price of 0.1 BTC ($4,274 each).
Taproot Wizards Delays ‘Quantum Cats’ for 3rd Time as Mint Site Gets Fixed, Tested
Taproot Wizards struggled with technical issues during Monday’s initial attempt to sell about 3,000 of the “NFTs on Bitcoin.” The team says they underestimated demand, and says the minting site is now fixed but needs more time for testing.
Taproot Wizards Delays ‘Quantum Cats’ Sale for 2nd Time, After Messy Bitcoin NFT Debut
“We had big plans for mint day and we didn’t live up to your expectations of us and to our expectations of ourselves,” Taproot Wizards co-founder Udi Wertheimer posted on X.
ORDI: Extraordinary Price Movement Excites Investors – Here’s Why
At the time of writing, ORDI is experiencing a substantial increase in price after several events in the crypto world unraveled. Coingecko data reveals that ORDI is up nearly 12% in the past 24 hours. However, it remains to be seen whether this uptick in price will erase the bearishness experienced in the past few weeks.
But right now, the crypto market, as a whole, is up a huge amount. The latest market data shows that the broader market is up nearly 3% after the bullishness brought by major coins and tokens like Bitcoin.
Stiff Competition In The Bitcoin ETF Space
After 11 Bitcoin spot exchange-traded funds were approved by the Securities and Exchange Commission earlier this month, the competition surrounding the Bitcoin ETF space grew this month. According to recent news, Fidelity’s Bitcoin ETF has outpaced Grayscale’s GBTC in inflows. JP Morgan also said that the outflows from GBTC were directed to its newer competitors with lower fees.
“GBTC profit taking has largely happened already…This would imply that most of the downward pressure on Bitcoin from that channel should be largely behind us,” said JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou in a recent statement.
The financial institution also points to Blackrock and Fidelity’s individual Bitcoin ETFs to dominate the market in the long term. However, Grayscale’s CEO Michael Sonnenshein believes that the majority of the recently approved ETFs won’t survive in the long term. He also defended the higher feeds imposed by Grayscale compared to its competitors.
“Investors are weighing heavily things like liquidity and track record and who the actual issuer is behind the product. Grayscale is a crypto specialist. And it has really paved the way for a lot of these products coming through,” said Sonnenshein in a recent interview with CNBC.
ORDI: Higher High In The Near Future
ORDI is mostly following Bitcoin’s pace in the broader market. As of writing, BTC is sitting at $43.4k and rising. If Bitcoin continues to sail the bullishness, we might see ORDI follow suit.
In the context of ORDI, events such as those mentioned above will also put the spotlight on BRC-20 standard tokens which has gained momentum since last year. As of now, ORDI’s position remains attractive for investors and traders as it rides the bullish wave that Bitcoin created.
If this bullishness continues, bulls will have enough momentum to settle on the 50% retracement level, which will provide a solid base to pump higher in the future. However, a more conservative bullish prediction is ORDI stabilizing above the 61.80% retracement level. If this happens, investors and traders will still experience profits with a much more stable platform for future price movements.
Featured image from Shutterstock, chart from TradingView
Taproot Wizards Debut Sale of Bitcoin NFTs ‘Quantum Cats’ Marred by Tech Issues
Taproot Wizards Debut Sale of Bitcoin NFTs ‘Quantum Cats’ Marred by Tech Issues
OKX Starts Inscription Support for Atomicals, Stamps, Runes and Doginals
OKX says wallet support is coming first, with a marketplace to follow
OKX Starts Inscription Support for Atomicals, Stamps, Runes and Doginals
OKX says wallet support is coming first, with a marketplace to follow
Someone Just Put 90s Darling Game DOOM on Dogecoin
The Ordinals technology native to the Dogecoin blockchain is allowing developers to bring utility to the meme token’s network.
Bitcoin-Based Digital Art Image ‘Genesis Cat’ Sells for $254K in Sotheby’s Auction
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain’s Ordinals protocol. All in, some 19 lots sold by Sotheby’s raked in a combined $1.1 million.
Donald Trump’s NFTs Have Limits Normal Ones Don’t
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell ‘Quantum Cats’ Collection
The “NFTs on Bitcoin” project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to ‘Chancellors on the Brink’ Reference
Jokester pays $2.97 to record the one-liner “SEC Chairman on the brink of second ETF approval” on the blockchain.
Bitcoin Developer’s Proposal to Stop ‘Spam’ NFTs Gets Shut Down
Luke Dashjr’s technical proposal sounded innocuous enough: to make the popular Bitcoin Core software “effective with newer datacarrying styles.” In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular “inscriptions” known as “NFTs on Bitcoin.”
BRC-20 Marketplace, Creator Take Opposing Positions on Proposed Network Upgrade
BRC-20 marketplace UniSat said it would follow a proposed fork in the network’s token standard, which was met with opposition from Domo, the pseudonymous creator of BRC-20.
Why a gold rush for inscriptions has broken half a dozen blockchains
Some suggest EVM inscriptions are the latest way for retail to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain.
Bitcoin Fees Spike to 2-Year High as Ordinals Bonanza Gives Windfall Profit to BTC Miners
Share prices of publicly listed bitcoin mining companies are “on fire” thanks to high transaction fees, one analyst said.
Daily gas spent on EVM inscriptions surges to record high of $8M
Bitcoin is not the only network getting clogged up with Ordinals inscriptions, with weekend activity on EVM chains also spiking.