Ordinals Team Establishes Non-Profit to Aid Bitcoin NFT Developers

The Ordinals Team is launching a non-profit organization to provide support and resources for developers working on Bitcoin-based NFT (Non-Fungible Token) projects. The initiative aims to foster innovation and growth within the Bitcoin NFT ecosystem by offering financial backing, mentorship, and collaborative opportunities. This move signifies a commitment to advancing the intersection of blockchain technology and art through NFTs on the Bitcoin network. (Coindesk)

Tether Stablecoin Surpasses All-Time High Market Cap

Tether (USDT), the popular stablecoin, has achieved a new all-time high Market capitalization. The growth in market cap reflects the increasing demand for stablecoins amid market volatility and uncertainty, cementing Tether’s position as one of the leading stablecoins in the cryptocurrency ecosystem. This milestone highlights the rising adoption of stablecoins as a preferred choice for traders and investors seeking stability within the digital asset space. (Cryptoticker)

Litecoin Undergoes Third Halving, Marking Milestone for 12-Year-Old Blockchain

Litecoin has successfully undergone its third halving event. The halving, which occurs approximately every four years, reduced the block reward given to miners by 50%, highlighting the network’s commitment to maintaining a controlled supply of the cryptocurrency. This significant milestone in Litecoin’s history may impact its price dynamics and further solidifies its position as one of the leading cryptocurrencies in the market. (Coindesk)

Analysts Increase Probability of Spot Bitcoin ETF Approval to 65%

According to Bloomberg ETF analysts, there is a raised likelihood of a spot Bitcoin exchange-traded fund (ETF) gaining regulatory approval, with the probability now standing at 65%. This development indicates growing optimism among market experts for the potential introduction of a Bitcoin ETF, which could offer investors more direct exposure to the cryptocurrency’s spot prices, leading to increased institutional participation in the market. The report signals a potential milestone for the crypto industry, awaiting regulatory decisions on Bitcoin ETF applications. (Coindesk)

HashKey Obtains First Crypto Retail Trading License in Hong Kong

Hong Kong-based HashKey Digital Asset Group has successfully secured the first-ever license in Hong Kong that allows the company to provide cryptocurrency retail trading services. This milestone opens up new opportunities for crypto enthusiasts and traders in the region, enhancing the legitimacy and accessibility of digital assets in the market. With the license, HashKey can now offer a regulated platform for retail investors to participate in cryptocurrency trading activities. (The Block)

Asset Managers File Applications for Ethereum Futures ETFs

Several asset management firms have submitted applications for Ethereum futures-based exchange-traded funds (ETFs). These proposed ETFs would provide investors exposure to the price movements of Ethereum through futures contracts, potentially leading to increased institutional interest in the cryptocurrency market. The move reflects the growing demand for regulated investment products linked to digital assets like Ethereum. (Cointelegraph)

Shiba Inu Addresses Surge Ahead of SHIBARIUM Launch

The number of Shiba Inu Addresses has experienced a significant increase in anticipation of the SHIBARIUM launch. The upcoming launch is expected to introduce new features and opportunities, fueling the enthusiasm among Shiba Inu holders and the wider crypto community. The surge indicates growing interest and potential excitement among investors and participants in the Shiba Inu cryptocurrency ecosystem. (Watcher Guru)

Bitcoin-Based Arcade Game Gains Popularity Among Gamers

A recently launched Bitcoin-based arcade game is making waves in the gaming community, attracting a growing number of players. The game leverages blockchain technology to offer unique in-game assets and rewards, enhancing the gaming experience and fostering interest in cryptocurrency adoption among gamers. As players engage with the Bitcoin-powered arcade game, it highlights the increasing intersection between the gaming industry and the world of digital currencies. (Coindesk)

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