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✨Bitcoin transaction fees are climbing, a sign of heightened interest and activity on the blockchain. The recent halving event, paired with the introduction of the Runes protocol, has significantly influenced this rise. Such events drive up fees as users compete to process transactions quickly, especially since halvings reduce the mining reward, pushing miners to depend more on transaction fees.💥

The Impact of Runes on Bitcoin

✨Runes, a new protocol developed by Casey Rodarmor, has revolutionized how fungible tokens are created on Bitcoin’s network. Following its launch at block 840,000, the protocol saw 853 tokens etched in less than an hour, showcasing the high demand and increased activity. This rush has led to a substantial hike in transaction fees, with the fees for the halving block hitting $2.4 million compared to typical fees of $40,000 to $60,000. The urgency to mint new tokens has kept the fees consistently above $1 million for several subsequent blocks.💥

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The global cryptocurrency market cap now stands at $2.28T, down by -1.17% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $56,553 and $61,982 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $57,400, down by -7.39%.

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🎉 Solo miner strikes gold! A Bitcoin miner defies the odds, solving a block solo and pocketing 3.125 $BTC (approx. $200,000). Only the 282nd time in Bitcoin's history!

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The Eigenlayer protocol, which has accumulated $15.7 billion in deposits, has published the white paper of its EIGEN token. The total release will be approximately 1.67 billion EIGEN, 45% of which will be allocated to the EigenLayer community.
45% is divided into three subgroups: stakedrops, future community initiatives and ecosystem development, each of which will receive 15%.

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#Pixelverse is airdropping a total of 10 million PIXFI airdrop to its participants. Sign up for the airdrop and complete your avatar. You will receive 500 PIX points for just signing up. Earn more points by participating in a variety of in-game activities such as team battles, bot maintenance, trading, and battle predictions.

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#BlastOff is airdropping 100,000 OFF tokens to users who collect OFFxPoints and Galxe participants. To be eligible for the airdrop, stake ETH or USDB in the vault and start collecting OFFxPoints. You’ll also receive 25% of the OFFxPoints from each referral.

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🔰For more information regarding the Blast airdrop, Blast points and Blast Gold, see our Blast airdrop article.

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