Crypto Magazine

💰 The greatest Bitcoin explanation of all time. @CryptoMagazine

💰 Bitcoin Breaks Daily Transaction Record Days After Halving The new record comes three days after the Bitcoin Halving, coinciding with the launch of Runes. The launch of Runes sparked a rapid increase, demonstrating growing interest and utility in cryptocurrencies, setting a new all-time high in Bitcoin’s transaction activity. Runes, a new token standard on the Bitcoin blockchain, has dominated transactions since its launch following the halving on April 20, accounting for over two-thirds of all Bitcoin transactions. With more than 2.38 million transactions processed, Runes make up 68% of the total. Source @CryptoMagazine

💰 Arkham Intel finds wallets associated with Wisdomtree's Physical Bitcoin ETP WBIT The blockchain data tracking firm Arkham Intel found wallets associated with WBIT, a physical Bitcoin exchange-traded product (ETP) from the asset manager WisdomTree. "WisdomTree Physical Bitcoin is a physically backed exchange-traded product (ETP) designed to offer shareholders a simple, secure and cost-efficient way to gain exposure to the price of Bitcoin,” according to WBIT’s website. “The ETP provides for easy investor access, tradability, transparency and institutional custody solutions with a robust physically backed structure." Source @CryptoMagazine

🇺🇸 FBI warns Americans against using unregistered crypto money transmitting services The U.S. Federal Bureau of Investigation has warned Americans against using unregistered crypto money transmitting services. Americans should avoid crypto services from firms that are not registered as Money Services Businesses (MSBs) under federal law and do not follow anti-money laundering rules, according to a Thursday statement from the FBI's Internet Crime Complaint Center (IC3). Source @CryptoMagazine

💰 High Bitcoin fees push active addresses down to 3-year low Bitcoin network experienced a substantial shift. As the halving event reduced miner rewards, transaction fees skyrocketed to 1,257.71 BTC, marking the highest level since December 2017 and accounting for over 75% of miner revenue for the day. This spike in fees coincided with significant network congestion, particularly exacerbated by new protocols like Runes. Source @CryptoMagazine

💰 Latin American Fintech Giant Nubank Enables Bitcoin Withdrawals and Deposits: Report São Paulo-based Nubank announced the launch of a new feature that allows withdrawals and deposits of Bitcoin and cryptocurrencies. With this latest move, customers will now be able to send and receive Bitcoin, Ethereum, and Solana using the Nubank app. The withdrawal and deposit options are now available, allowing users to check the functionality on the app’s main crypto screen. Source @CryptoMagazine

💰 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week. Source @CryptoMagazine

💰 JPMorgan CEO Jamie Dimon still says Bitcoin is a fraud and a ponzi scheme @CryptoMagazine

💰 BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth BlackRock's spot bitcoin ETF continued its hot streak on Monday, adding inflows for the 70th straight day. That put the financial giant's ETF in the top 10 of exchange-traded funds with the longest daily streaks of inflows. Bloomberg senior ETF analyst Eric Balchunas posted a graphic to X demonstrating that if BlackRock's fund, ticker IBIT, succeeded in registering a 70th consecutive day of net inflows it would rank the exchange-traded fund among some of the most successful in history. Source @CryptoMagazine

💰 Bitcoin Layer 2 Tokens Outperform BTC Post-Halving Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million. Source @CryptoMagazine