🦎🚀 Will Ordinals Break Free??

Wednesday, July 5, 2023

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Game Changer

Luminex, a Bitcoin Ordinals launchpad platform, proposed a Bitcoin Improvement Proposal (BIP) called BRC-69, a new standard for Resurvive Ordinals collection, which aims to remove the data limit on ordinals in the Bitcoin network.

They claim that this standard can significantly reduce inscription costs by over 90% and pave the way for a thriving ecosystem on the Bitcoin network.

In today's news, we have Gemini co-founder tweeting final offer to DCG, legal firms benefiting in Voyager crisis and Hong Kong urged to launch its own stablecoin.

Top Crypto in Southeast Asia Countries

Southeast Asia's most popular crypto in 2023 so far are part of the Layer 1, GameFi, meme coins and DeFi narratives.

Notably, Philippines' top 3 crypto are all GameFi although the hype has died down, while Malaysia is watching out for DeFi protocols.

24h Hot Searches Worldwide

Trust Wallet (+0.1%)
Polygon (-0.2%)
Bitcoin (-0.5%)
ApeCoin (-0.6%)
Pepe 2.0 (+130.7%)
FUNToken (-4.4%)
Pendle (+0.6%)

Fully Diluted Valuation (FDV) and Market Cap - do you use either of these metrics when evaluating coins? Find out what they mean and how to use them in this video!

Let's find out here!

Enough Is Enough

Gemini co-founder Cameron Winklevoss has tweeted a final offer of $1.5 billion to Digital Currency Group (DCG) in debt talks related to the crypto firm Genesis.

Winklevoss expressed his frustration with DCG's delays in creating an acceptable repayment plan for Genesis creditors, which include a missed payment of $630 million to Genesis.

Coindesk

Drop by drop, the bucket gets filled

Creditors of Voyager Digital, a bankrupt cryptocurrency brokerage, have been charged a total of $5.17 million in legal fees for the period from March to May this year.

As crypto creditors face financial challenges, legal firms are profiting from the situation by generating significant fees through their services.

Cointelegraph

The Awakening of the East

A policy proposal is calling on the Hong Kong government to introduce a stablecoin called HKDG, which would be pegged to the Hong Kong dollar and provide competition to USDT and USDC.

The proposal argues that a government-backed stablecoin would bring various benefits, including cost reduction, enhanced payment systems, support for de-dollarization efforts, and the advancement of Hong Kong's fintech capabilities.

The Block