Bitcoin Ordinals advocate Leonidas has introduced DOG Mode, an alternative open-source Bitcoin client that changes how nodes relay certain valid transactions without altering Bitcoin’s consensus rules. Summary DOG Mode removes default relay limits while keeping Bitcoin’s existing consensus rules completely unchanged today. Leonidas says fee-paying users should access block space without Bitcoin Core deciding transaction…
FTX will begin its fifth creditor distribution on July 31, sending nearly $900 million to eligible claimants under its court-approved recovery plan. Summary FTX will distribute nearly $900 million to eligible creditors beginning July 31 through approved providers. The fifth payout round pushes total creditor distributions to about $10 billion since FTX collapsed. Bankman-Fried faces…
XRP stands next to BTC in this very prestigious list. A recent report by CoinGecko found that Ripple’s cross-border token is the only cryptocurrency besides the market leader to remain among the largest 10 cryptocurrencies every year for a decade. This came despite the asset’s ups and downs, some of which pushed it to…
With Strategy’s cash reserve now at $3 billion, founder Michael Saylor has named corporate adoption as a necessary condition for Bitcoin to become a global currency network. Summary Michael Saylor says corporate adoption is essential for Bitcoin to become a global currency network. Strategy’s $3 billion cash reserve has helped ease concerns about forced Bitcoin…
Aside from PI, the other notable gainers today are CRO and VVV. Bitcoin’s price dipped once again on Friday on schedule but managed to rebound almost immediately, and it’s now challenging $64,000 once again. Most larger-cap alts have remained sideways on a daily scale, with minor gains from ETH, XRP, and SOL. ADA has…
The network that moves the world’s money spent 9 months building a blockchain, and the most important decision it made was what not to put on it. No stablecoins. No public tokens. Just bank deposits, wearing a new coat. Summary On July 9, SWIFT launched a blockchain-based shared ledger with 17 major banks, including Citi,…
Ethereum remains trapped below a major higher-timeframe resistance cluster despite recovering strongly from its June lows. The recent rejection near local highs has pushed the asset back into an important support zone, while the price is approaching a technical decision point that should determine whether buyers can extend the recovery toward higher resistance or whether…
Robinhood Chain launched, filled with memecoins, briefly ranked third among DEXs, and the “Solana killer” talk started immediately. Then you look at the actual numbers. Solana has 27 times the value locked and 2 million more users. This is not a flippening. It is a fair fight over the wrong metric. Summary Robinhood Chain launched…
Institutional adoption may be a big opportunity, but a16z said that it is not simply an extension of DeFi. TradFi institutions are adopting blockchain to improve their existing operations, not because they have embraced decentralization, venture capital firm a16z said in its latest report. The technology helps lower operating costs, speed up settlement, expand…
Ethereum’s best marketing line was that using it destroyed it, that every transaction burned ETH and shrank the supply. Then the network solved its scaling problem, activity fled to layer 2s, and the burn collapsed. The scaling worked. The scarcity did not survive it. Summary Ethereum’s “ultrasound money” thesis held that EIP-1559 fee burning would…
