⛏️😮 Miners' Post Halving Surprise
In today’s edition: 🥳 Bitcoin’s fourth halving is complete, 🤔 How will bitcoin ETF flows change post halving?, 💰 FTX estate to sell SOL tokens via auction, and more!
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Charlie Spears, co-founder of Blockspace Media, joined Unchained to talk about all things Runes, which is a messaging protocol that allows for the creation of fungible tokens on Bitcoin. It is designed to fix some of the issues with the BRC-20 token standard, such as inefficiency and proliferation of unspent transaction outputs. Charlie believes that the launch of Runes will increase demand for Bitcoin’s blockspace and potentially lead to higher transaction fees. He also discusses the potential for Runes to interact with Bitcoin covenants and layer two solutions.
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What’s Poppin’?
by Sage Young, Sam Sriram, and Michael Bodley
Bitcoin Miners Collect $81 Million From Transaction Fees Post Halving
Bitcoin’s average transaction fees reached a record $127.97 on April 20 – more than seven times the fee level seen on the day prior.
Bitcoin’s Historic Fourth Halving Takes Place, With Block Subsidy Rewards Cut in Half to 3.125 BTC
This new mining cycle is different from every previous one because bitcoin’s price reached a new all-time high before the halving, as well as the presence of higher transaction fees stemming from experimental innovations on the network.
How the Halving Is Expected to Impact Bitcoin ETF Flows
Previous halvings have occurred in very different macro environments, meaning the latest occurence’s effect on bitcoin prices — and subsequent demand — could vary as well.
FTX to Auction Next Batch of Locked Solana Tokens: Figure Markets CEO
Figure Markets CEO Mike Cagney said he had received confirmation that the next round of the FTX estate’s locked SOL sales would take place via an auction, with more details to come on Monday.
Daily Bits…✍️✍️✍️
🎰 Blockchain-based gambling project ZKasino sent $33 million of user and investor funds to staking protocol Lido, which marked a sudden change in its promises to return funds to users. Venture capital firm Big Brain Holdings said the project “appears to be fraudulent” and that it never invested in it despite the project’s claims.
💵 Woo X claims it’s the first crypto exchange to offer tokenized US Treasury Bills to retail investors.
🏦 Grayscale is launching the Bitcoin Mini Trust with a low management fee of 0.15%, which makes it the most affordable option among its range of products, and shares will be issued and distributed automatically to holders of GBTC.
📝 The IRS unveiled a preview of the new 1099-DA tax form designed to streamline reporting of crypto transactions by digital asset brokers.
💱 Tether is expanding its dollar-pegged USDT and gold-backed XAUT stablecoins on the TON Network, enhancing peer-to-peer payment capabilities for Telegram’s user base and fostering greater use within the network's DeFi ecosystem.
🔄 Kathryn Haun is stepping down from Coinbase's board after seven years to focus on her venture firm, Haun Ventures, emphasizing her commitment to investing further in the crypto sector.
💰 The fourth Bitcoin halving occurred with a block mined from the crypto mining pool ViaBTC with a record fee of 37.6256 BTC, valued at approximately $2.4 million, due to the high volume of transactions processed.
📸 FTX investors are proposing a settlement with Sam Bankman-Fried for his cooperation in pursuing lawsuits against celebrities who endorsed the exchange, pending court approval.
📊 Michael Saylor of software company MicroStrategy realized approximately $370 million from the sale of company shares under a prearranged trading plan that began in January 2024.
The $$$ Corner…
🐶 Shiba Inu raised $12 million by selling its unreleased token TREAT to investors including Polygon Ventures, Big Brain Holdings, Morningstar Ventures and Shima Capital. TREAT will serve a "utility and governance token" for its new privacy-focused layer 3 blockchain.
What Do You Meme?
Recommended Reads
Unchained: Bitcoin Halving: What Is It & How Is It Determined?
DL News: Memecoins on Bitcoin are about to get supercharged. Here’s how
Decentralised.co: Let the Rune games begin
📈 Your Market Update 📉
BTC is up 1.7%, trading at $66,113
ETH is up 1.8%, trading at $3,220
BTC dominance: 50.9%
Crypto market cap: $2.56T
*All data as of today, 06:30 am ET. Source: CoinGecko
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I saw a nice red Jeep truck yesterday in Houston with the plate: TEXAS: UNCHAINED. Tell me it was from this publication
You need to trademark your name. But the truck was looking more blockchain than regular