Ord.io, a popular Bitcoin Ordinals explorer that served over 1 million users since its 2023 launch, will shut down on June 1 as its creators ran out of funding. The closure reflects a broader cooling in Bitcoin inscription activity, which had surged in 2023 and early 2024 but has since declined. Users of the related Zap app are also advised to export private keys before its shutdown on the same date. Ord.io plans to preserve some public data on GitHub and remains open to a potential takeover, but no buyer has been announced. This shutdown highlights the challenges for Bitcoin-native collectibles to sustain long-term user and funding support beyond initial hype cycles.
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Binance has introduced an $800,000 XRP airdrop campaign for holders of Ripple's stablecoin RLUSD, offering weekly XRP rewards until August 14. To qualify, users must hold at least 0.01 RLUSD and meet a daily average trading volume of $500 in Margin o...
