Notice of Removal of Spot Trading Pairs - 2024-05-10
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Live Chart analysis with Gemini. watch now
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Live Chart analysis with Gemini | @TamilBTC @NammaCrypto
[MEXC Kickstarter] Win Free 50,000 USDT Airdrops by Voting Now!
📣[Initial Listing] MEXC Kickstarter - Vote Virtuals Protocol (VIRTUAL) to Win Free 50,000 USDT Airdrops!
⏰Voting Period: 2024-05-14 13:00 to 2024-05-15 12:50 (UTC)
👇🏻Participation Eligibility:
Hold a minimum of 1,000 MX for 30 consecutive days before 2024-05-13 16:00 (UTC).
Trade on tamilbtc.com/mexc
📣[Initial Listing] MEXC Kickstarter - Vote Virtuals Protocol (VIRTUAL) to Win Free 50,000 USDT Airdrops!
⏰Voting Period: 2024-05-14 13:00 to 2024-05-15 12:50 (UTC)
👇🏻Participation Eligibility:
Hold a minimum of 1,000 MX for 30 consecutive days before 2024-05-13 16:00 (UTC).
Trade on tamilbtc.com/mexc
Educational Post
What Are Bitcoin Runes?
Bitcoin Runes is a protocol that enables the creation of fungible tokens on the Bitcoin blockchain. Unlike BRC-20 and SRC-20 tokens that also operate on the Bitcoin blockchain, Runes are not reliant on the Ordinals protocol and are designed to be simpler and more efficient. They utilize established Bitcoin blockchain models, such as the UTXO model and the OP_RETURN opcode.
How Do Bitcoin Runes Work?
The Bitcoin Runes protocol operates through two fundamental mechanisms of the Bitcoin blockchain: Bitcoin’s UTXO (Unspent Transaction Output) transaction model and the OP_RETURN opcode.
In the UTXO transaction model, each transaction results in outputs that are treated as separate pieces of digital currency. To initiate a transaction, you use these outputs as inputs. The UTXO model allows for the tracking of every unit of cryptocurrency. In the context of Bitcoin Runes, each UTXO can hold different amounts or types of Runes, which simplifies the management of tokens.
The OP_RETURN opcode allows users to attach additional information to Bitcoin transactions. This opcode facilitates the inclusion of up to 80 bytes of extra data in an unspendable transaction. Bitcoin Runes specifically use the OP_RETURN opcode for storing the token data, such as the token’s name, ID, symbol, commands for specific actions, and other essential data. The data is stored in what is referred to as the Runestone within the OP_RETURN opcode of a Bitcoin transaction.
What Are Bitcoin Runes?
Bitcoin Runes is a protocol that enables the creation of fungible tokens on the Bitcoin blockchain. Unlike BRC-20 and SRC-20 tokens that also operate on the Bitcoin blockchain, Runes are not reliant on the Ordinals protocol and are designed to be simpler and more efficient. They utilize established Bitcoin blockchain models, such as the UTXO model and the OP_RETURN opcode.
How Do Bitcoin Runes Work?
The Bitcoin Runes protocol operates through two fundamental mechanisms of the Bitcoin blockchain: Bitcoin’s UTXO (Unspent Transaction Output) transaction model and the OP_RETURN opcode.
In the UTXO transaction model, each transaction results in outputs that are treated as separate pieces of digital currency. To initiate a transaction, you use these outputs as inputs. The UTXO model allows for the tracking of every unit of cryptocurrency. In the context of Bitcoin Runes, each UTXO can hold different amounts or types of Runes, which simplifies the management of tokens.
The OP_RETURN opcode allows users to attach additional information to Bitcoin transactions. This opcode facilitates the inclusion of up to 80 bytes of extra data in an unspendable transaction. Bitcoin Runes specifically use the OP_RETURN opcode for storing the token data, such as the token’s name, ID, symbol, commands for specific actions, and other essential data. The data is stored in what is referred to as the Runestone within the OP_RETURN opcode of a Bitcoin transaction.
🇺🇸 Spot #BitcoinETFs Another Positive inflows with $257.34M ( 16-05-024 )
🔹 Grayscale saw +$5M Inflow
🔹 Total Value Traded: $1.50 Billion ( As of 16th May )
🔹 Total Net Assets ~$54.63 Billion in 🇺🇸 Spot ETFs
🔹 BlackRock saw +$93.70 Inflow
Total inflows of +$257.34M in Spot 🇺🇸Bitcoin ETFs
1⃣ $ARKB +$62M (+937 BTC)
2⃣ $FBTC +$67.10M (+1010 BTC)
3⃣ $BTCO +$6.20M (+94 BTC)
4⃣ $IBIT +$93.70M (+1420 BTC)
5⃣ $EZBC +$3.80M (+57.42 BTC)
6⃣ $BRRR +$18.50M (+280 BTC)
7⃣ $GBTC +$4.60M (+60.51 BTC)
8⃣ $BITB +$1.40M (+21 BTC)
🔰 8 ETFs = +ve Inflow
🔰 2 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Bought 3,890 $BTC Yesterday which is Equal to Approximately 9 days supply.
🔹 Grayscale saw +$5M Inflow
🔹 Total Value Traded: $1.50 Billion ( As of 16th May )
🔹 Total Net Assets ~$54.63 Billion in 🇺🇸 Spot ETFs
🔹 BlackRock saw +$93.70 Inflow
Total inflows of +$257.34M in Spot 🇺🇸Bitcoin ETFs
1⃣ $ARKB +$62M (+937 BTC)
2⃣ $FBTC +$67.10M (+1010 BTC)
3⃣ $BTCO +$6.20M (+94 BTC)
4⃣ $IBIT +$93.70M (+1420 BTC)
5⃣ $EZBC +$3.80M (+57.42 BTC)
6⃣ $BRRR +$18.50M (+280 BTC)
7⃣ $GBTC +$4.60M (+60.51 BTC)
8⃣ $BITB +$1.40M (+21 BTC)
🔰 8 ETFs = +ve Inflow
🔰 2 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Bought 3,890 $BTC Yesterday which is Equal to Approximately 9 days supply.
Happy Bitcoin Pizza Day, everyone!
Today commemorates a significant milestone, marking Bitcoin's evolution from a niche hobby for tech enthusiasts to a widely recognized economic asset.
Share your celebration photos! In comment section #BitcoinPizzaDay
Today commemorates a significant milestone, marking Bitcoin's evolution from a niche hobby for tech enthusiasts to a widely recognized economic asset.
Share your celebration photos! In comment section #BitcoinPizzaDay