Crypto | Ethereum | Bitcoin

💰 Runes generate over $135 million in fees in first week on Bitcoin network The Runes token standard was recently launched on the Bitcoin network and has generated over 2129 bitcoin ($135 million) in transaction fees within its first week. Runes utilizes Bitcoin’s UTXO model and the OP_RETURN opcode to offer a more efficient tokenization solution for the network than the BRC20 standard (based on the Ordinals protocols). It allows users to mint tokens on top of Bitcoin, which are generally memecoins. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🪙 Stripe to enable USDC payments starting this summer Fintech company Stripe will begin supporting transactions in USD Coin this summer, reviving its involvement in crypto-based commerce. Stripe said Thursday that stablecoin payments will be integrated into the servicer's checkout suite in several weeks. According to the company, crypto transactions will “immediately” settle to fiat. "Crypto is back," Stripe's cofounder, John Collison, posted along with a demonstration video Thursday on X. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 'Buy Bitcoin' sign from Janet Yellen's 2017 speech sold for $1 million A piece of notebook paper with the sign “Buy Bitcoin” — famous for appearing on broadcast behind then-United States Federal Reserve Chair Janet Yellen in 2017 — was sold for 16 , or about $1.027 million. The sign was handed over to the highest bidder, the pseudonymous “Squirrekkywrath,” after a week-long auction Wednesday at the Pubkey Bar in New York. The original “Bitcoin Sign Guy,” Christian Langalis — who posted the auction himself on auction platform Scarce City — also attended the event. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🪙 Tether Will Freeze Venezuelan Wallets Being Used to Evade US Sanctions Tether has announced that all wallets associated with Venezuela’s attempts to bypass U.S. sanctions on oil exports will be frozen. The decision follows recent reports indicating an increased use of Tether’s USDT by Venezuela’s state-run oil company, PDVSA, to avoid sanctions imposed by the United States. According to a Reuters report, Venezuela’s state-run oil company, PDVSA, transitioned to using Tether’s USDT after facing renewed sanctions on its oil exports. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🇺🇸 US DOJ seeks 36-month sentence and $50 million fine for ex-Binance CEO Changpeng Zhao The US Department of Justice has recommended a 36-month prison sentence alongside a $50 million fine for the former CEO of Binance, Changpeng Zhao. In response, Zhao’s legal team contends that his incarceration would be unprecedented, citing no prior instances of imprisonment in similar cases. Instead, they proposed an alternative of probation, potentially with home confinement at his residence in Abu Dhabi. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🪙 Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows Stablecoin issuer Tether the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. Over the past year, the company has proactively frozen addresses, holding significant amounts of its digital assets involved in unlawful activities. For example, the firm froze 32 addresses holding $873,118.34 connected to illicit activities in Israel and Ukraine last year. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🟠 Binance faces app removal in the Philippines over regulatory issues The Philippines Securities and Exchange Commission (SEC) said it is working with Google and Apple to remove the Binance app from their app marketplaces for Filipino users, according to an April 23 statement. According to the regulatory chief, Binance’s “sale or offer of unregistered securities to Filipinos and operating as an unregistered broker constitutes a violation of Republic Act no. 8799, or The Securities Regulation Code.” Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Grayscale’s Mini-Bitcoin ETF to Have Lowest Fees on The Market Grayscale’s new mini-Bitcoin exchange-traded fund will be a market leader in terms of fees, according to a recent filing. The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

Contact: @Dennis_Trader