Headlines
FTX Looks to Offload Billions in Crypto: Here’s What it MeansThe defunct crypto exchange is seeking regulatory approval to liquidate $3.4 billion worth of crypto assets.

Robinhood extends Web3 wallet support to bitcoin, dogecoinUsers of Robinhood’s self-custody Web3 wallet can now use the Bitcoin and Dogecoin networks to custody, send and receive crypto, the investing platform revealed Wednesday. In addition, Robinhood is enabling in-app swaps on the Ethereum network.

First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SECThe District of Columbia Court of Appeals has paved the way for bitcoin exchange-traded funds.

Bitcoin Frontier Fund Launches Accelerator to Boost Ordinals AdoptionThe Bitcoin Frontier Fund, formerly known as Stacks Ventures, announced an accelerator focused on the NFT-like Ordinals, with plans to award several startups with mentorship opportunities and $100,000 seed investments. Led by entrepreneur and influencer Trevor Owens, the Fund aims to foster growth around Ordinals.


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Bitcoin Ordinals Team Launches Nonprofit as Inscriptions Top 21 MillionThe team behind Ordinals said on Tuesday that it has created a nonprofit organization to support the development of its protocol for "inscribing" NFT-like assets to the Bitcoin blockchain—right as the total topped 21 million inscriptions to date. The California-based nonprofit, dubbed the Open Ordinals Institute, will back the protocol’s development by funding its core group of developers, including the project’s pseudonymous lead maintainer, Raph.

Magic Eden Dives Deeper Into Bitcoin With BRC-20 TokensMulti-chain NFT marketplace Magic Eden on Tuesday announced support for BRC-20 tokens, expanding its Ordinals offerings to include the class of tokens built on top of Bitcoin. In addition to letting users trade BRC-20 tokens on the secondary market, the move lets people create their own new tokens on Bitcoin and let traders mint them directly through its launchpad.

$95K CryptoPunk NFT Burned by Bitcoin Bandits, Revived as Ordinals InscriptionA pricy Ethereum NFT from one of Web3’s preeminent PFP collections has been permanently removed from circulation and symbolically tied to an Ordinals inscription, as a group of Bitcoiners celebrate the costly, eye-catching endeavor.


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Transfer Your Ethereum NFTs to Bitcoin With New Token StandardBitcoin Ordinals have received fresh utility with the introduction of a new token standard aimed at facilitating the migration of Ethereum-based NFTs onto Bitcoin. Dubbed BRC-721E, the new standard permits the transformation of Ethereum’s ERC-721 NFTs into Ordinals — which allow for text, images and code to be “inscribed” on a single satoshi.