Crypto market cap down $41B: CryptoSlate wMarket update
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Stay updated on Bitcoin Ordinals news, inscriptions, ecosystem growth, wallet support, and debates around Bitcoin blockspace.
CleanSpark is doubling down on its expansion plans and recently completed the acquisition of over 12,000 Bitcoin mining machines.
The significant uptick in Bitcoin transaction fees, thanks to Ordinals, accounted for 11.8% of the BTC Marathon Digital mined in May.
The BRC-30 standard will bring staking functionality to Bitcoin, opening up a 'new dimension' to the network.
Bitfarms maintained that it remains cash flow positive despite selling majority of its mined Bitcoin in May.
Stably USD will be the first Bitcoin-based stablecoin and unlock new possibilities thanks to the Taproot upgrade.
Greg Foss and others deemed Udi Wertheimer and Eric Wall's appearance at Bitcoin Miami inappropriate - Foss later retracted his comments and expressed support for Ordinals.