Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning

The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.Source

Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years

Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.Source

Meme Coin Trading Volume Surges to Two-Year High, Signals Caution for Bitcoin Bulls

Speculative mania in meme coins has historically presaged bearish reversals in bitcoin.Source

South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report

Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.Source

Crypto Options Exchange Deribit’s Ether Volatility Index Hits Record Low

Deribit’s forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.Source

Aave DAO Passes Proposal to Deploy on Ethereum Layer 2 Metis Network

The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.Source

Pepecoin Drops Nearly 50% From Highs as Traders Likely Taking Profits for Ether

Some holders have turned pocket change into fortunes after getting into the very early stages of pepe.Source

Binance Resumes Bitcoin Withdrawals After Second Pause, Says It’s Adjusting Fees and Integrating Lightning Network

The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.Source

First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause

PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.Source

Bitcoin Network Congestion Causes Binance to Pause Withdrawals

The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.Source