Coin overview
MERL
Ended--
Last price (USDT)
741.79K
24h total (USDT)
1.73M
Total vol (USDT)
2024-04-12 04:00:00 ~ 2024-04-19 09:30:00
Trading time (UTC+0)
2024-04-19 11:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
Merlin Chain is a native Bitcoin Layer2 committed to empowering Bitcoin's native assets, protocols, and products on Layer1 through its Layer2 network.The underlying infrastructure of Merlin Chain is built on Polygon's ZK technology, with a decentralized Oracle network for data availability, powered by Lumoz's decentralized ZK computing power network for ZKP computation. It allows challengers to present fraud proofs on disputed matters, utilizing Bitcoin's robust consensus mechanism to ensure the security of the Merlin Chain network
AI agents set to enhance Bitcoin through Merlin Chain and ElizaOS
Merlin Chain has announced a strategic partnership with ElizaOS to integrate AI agents into its Bitcoin (CRYPTO:BTC) layer 2 network. This collaboration aims to enable the deployment of AI agents capable of facilitating cross-chain activities, enhancing asset discovery, and streamlining transactions. According to the announcement, developers will utilise ElizaOS’s multi-agent simulation technology to create more effective AI agents on the Merlin Chain. These AI agents will be able to issue bitcoin-native assets and initiate transactions seamlessly across both the Merlin and Bitcoin networks. The integration is expected to leverage Merlin Chain’s open-source architecture and deep liquidity, fostering innovation within the Bitcoin finance ecosystem. Over the past ten months, Merlin Chain has reportedly facilitated over $24 billion in cross-chain bitcoin assets while maintaining a total liquidity pool of $46.5 million across various decentralised exchanges. A recent report by Franklin Templeton highlights the potential of AI agents to significantly impact the crypto ecosystem due to their combination of technical innovation and market influence. The findings suggest that AI agents could play a vital role in transforming how transactions are executed in the cryptocurrency space. ElizaOS's framework allows developers to create multifunctional AI agents that can automatically perform transactions, governance tasks, and analysis within decentralised networks. Shaw, the founder of Eliza, emphasised that the focus is not solely on autonomy but on establishing social agents as a new application layer. “If we have agents sending links to verify credit cards and addresses, we can complete the entire order process on Twitter,” he stated. At the time of reporting, the Bitcoin (BTC) price was $100,984.
Merlin Chain integrates ElizaOS to build Bitcoin AI Agent ecosystem
On January 16th, Merlin Chain, a Bitcoin layer 2 network, announced a strategic partnership with the AI Agent project ElizaOS. Through this partnership, developers can use ElizaOS's multi-agent simulation technology and RAG (Retrieval-Augmented Generation) system to deploy AI Agents with conversation memory capabilities on Merlin Chain, enabling more efficient cross-chain transactions and asset discovery functions. Merlin Chain has facilitated over $24 billion in Bitcoin asset cross-chain transactions in the past 10 months, accumulated liquidity pools of $46.5 million in fields such as BRC20, Runes, and NFTs, and attracted over 2.4 million wallet addresses worldwide.
Exclusive Interview with the "1800 Bitcoin" Rights Defender: The Current State of the Bitcoin Ecosystem
Author: Rhythm BlockBeats As the cryptocurrency with the strongest consensus, Bitcoin's ecosystem has seen various technological explorations and an influx of capital over the past year, driving a brief prosperity while also exposing the complex interests and potential issues behind it. There are intricate power plays among rule-makers and participants. Last week, the Bitcoin staking protocol Solv Protocol was caught in a media storm after being publicly criticized by major staker AZ and the Bitcoin ecosystem project Nubit, making controversial topics like guaranteed returns and double staking the focus of community attention. In response, BlockBeats engaged in a dialogue with AZ, who not only shared her operational logic since entering the space but also directly addressed the rumors surrounding Solv, including controversial topics like guaranteed returns and double staking. This article provides us with a unique perspective on the operations of major players in the crypto space and the functioning of project ecosystems, as well as some "dirty plays" in the Bitcoin ecosystem, such as agreement trading between project parties and major players, and gray operations in liquidity management. In this game called consensus, major players with chips are in a tug-of-war with project parties that set the rules, while ordinary investors are often forced to become powerless bystanders. Here is the complete interview content, organized for easier reading: BlockBeats: Share your experience in trading cryptocurrencies. AZ: Let me first address one very strange rumor: I’ve been accused of working at a club in Singapore, helping many big shots manage Bitcoin and acting as a white glove for them to generate profits. If I were really managing money for so many big players, how could I be allowed to speak so openly online? Either they would have solved it through various connections long ago, or they would have silenced me by now; it’s impossible for me to be so active online, right? BlockBeats: When did you enter the space, and can you briefly share your trading experience? AZ: I bought my first Bitcoin in 2017. I really didn’t trade much; at most, I used USDT to buy some meme coins or popular altcoins, but I never exchanged my Bitcoin for other coins; I just held onto it. BlockBeats: Why did you buy Bitcoin in 2017? AZ: It goes back to 2015 when I caught the first wave of social e-commerce. At that time, the cost of traffic was very low, almost free, and I made some money from it, but that ended in 2019. During that time, I often went to Europe to learn about textile craftsmanship, but due to limited foreign exchange quotas for RMB, the flow of funds was always a headache for me. In 2017, a friend of a friend gifted me a Bitcoin. I remember his surname was Fan. At that time, we were in Shanghai, and after receiving this Bitcoin, I accidentally discovered how convenient it was for capital inflow and outflow. Because of this, I seriously read the Bitcoin white paper and invested most of my profits into it, and I haven’t touched that part since. I really thank Satoshi Nakamoto for leading me to buy it. Image source: AZ's social account BlockBeats: So now you mainly earn passive income from Bitcoin, right? AZ: I also invest in some projects, but overall, I’m still quite cautious. However, I have indeed participated in many projects. BlockBeats: In your personal capacity? AZ: I have a fund, and I invest through that fund. There’s a team that helps me manage it, but it’s not very active and hasn’t been PR’d. I not only invest in projects but also in some LPs of funds. "Guaranteed Return Agreements Are Common" BlockBeats: As a major BTC holder, can you talk about your Bitcoin earning and investment strategies before and after the Bitcoin ecosystem became popular? AZ: I’m quite foolish; I don’t have any investment strategies. I just keep my Bitcoin in a cold wallet and never put it in strange places to earn returns. I’ve always been very "traditional," not active, and I don’t actively seek investment opportunities. I don’t deliberately look for projects to stake coins for returns; the risks are too high. Besides Solv, I’m also involved in some quantitative trading. Babylon also has staking, and I’ve talked to them as well. Then there are various project agreements; I’ve participated in quite a few of them. BlockBeats: What do you think of the Bitcoin ecosystem? AZ: I firmly believe that the liquidity of Bitcoin will eventually be fully released. This release is not just about price increases but also about substantial applications, such as staking Bitcoin for lending while ensuring the safety of the principal, or participating in various on-chain yields. This market is enormous and is a problem waiting to be solved. In this process, we will see many projects emerge. I can’t directly tell you which projects are good or bad because, at present, no solution has truly emerged as an industry standard. What I can say is that I am very much looking forward to this happening, but I also believe that the current solutions are not perfect enough. In the future, there will definitely be more mature and perfect solutions that will push this market further. BlockBeats: What are the ways to play in the Bitcoin ecosystem? AZ: I think my approach is definitely different from others. Those truly skilled major players play very smoothly, signing agreements, locking conditions, and then dumping coins after listing. I haven’t engaged in such operations; I just participate simply and haven’t used these so-called rules to increase my returns. That’s probably the biggest difference between me and others. BlockBeats: Does this set of plays represent a collusion between project parties and major holders? AZ: I do know some people sign agreements, but I can’t just put the agreements out there; they haven’t signed with me. Many smart major players engage in such deals. After all, where the project party's coins go is completely opaque, and once listed on Binance, so many retail investors are waiting to take over. But I can clearly say that I have never participated in such operations. If I had really signed an agreement and received money, I wouldn’t be here struggling. It’s precisely because I haven’t participated in these matters, believing that the project party would distribute fairly, and when I found the ratio severely off, I started questioning where the remaining coins of the project party went. That’s why I’m here, hoping to clarify things. From Good Friends to Rights Protection Objects: AZ's View of the Solv Founder BlockBeats: How did you get in touch with the Solv Protocol project? AZ: I’ve known the founder of Solv for quite a while. I met him when I first came to Singapore in 2022. Initially, a friend organized a party, and after that, we often gathered to hang out. In March last year, we attended a conference in Dubai, where the Merlin project team was also present. They were among the earliest teams deeply involved in the BTC ecosystem and understood the gameplay in this field very well. Solv used to follow the GMX model. During that time, we discussed Solv's transformation, primarily considering whether Solv should enter the BTC ecosystem. If they decided to pivot, we were all willing to support and encourage them to do so. I remember vividly that Solv’s official account posted many messages thanking the Merlin team for their support. Solv’s successful transformation into the BTC ecosystem and its gradual progress to being listed on Binance is closely tied to the support we provided at that time. As for why I got involved with Solv, I had already known them before they became Solv BTC. We were among those discussing and planning this direction together. Therefore, I believe that Solv's current success in the BTCFi space is partly due to my contributions. BlockBeats: Have you signed any guaranteed return agreements as a major holder? AZ: The situation is that there has never been any agreement signed between him and me. Initially, we were pushing this together, and our relationship was more like partners rather than client and service provider. So naturally, there was no guaranteed return agreement. Our verbal agreement was very simple: we would work on this together, share the profits, and doing a good job was the most important thing. Now it seems I have been completely pua’d, as there’s no sharing at all. But later, he did sign guaranteed return agreements with many major holders, so he had to dilute the interests of us early participants. After all, initially, we only had a verbal promise to work hard together and share profits, while those who joined later appeared more as clients. As the project party, to pitch these clients' money, he certainly needed to offer more attractive conditions, such as guaranteed return agreements. BlockBeats: Do other projects also have similar situations? AZ: I had never done anything like this before Solv, but after Solv, if someone comes to me for funding support today, I would be much more cautious. It’s not just about the guaranteed return agreements; more importantly, I would conduct a very thorough review of the project party’s character, integrity, and background. BlockBeats: That is indeed very necessary. AZ: We often hung out together, including going to Dubai and Korea. We would have meals, party, and even fly back together. I trusted him a lot before; I thought we were good friends. BlockBeats: Starting from March last year, what requirements or specific details did the project party have for major holders during the entire process? AZ: From day one until now, I can clearly say that all the requirements and rules were set by the project party, and I was completely following their requirements. These details can be found clearly in their tweets and on their official website. As for those who question my funding sources or say I’m manipulating TVL, I can only say that all my operations are in accordance with the project party’s rules and requirements, and every transaction is clear and can withstand scrutiny. The main requirement from the project party was very simple: they wanted me to lock the liquidity of Bitcoin for them. Initially, they told me this was a three-month project, and I only needed to lock the liquidity of Bitcoin for three months. At that time, I knew a bull market was about to come, and I originally planned to put this money into Binance for fixed income, but they strongly insisted that I lock it for them for three months first. I followed their request and provided them with Bitcoin. As a result, three months passed, and they kept dragging their feet, completely failing to fulfill their initial promise. This repeated delay not only violated the initial trust but also left me very disappointed with their operational methods. BlockBeats: During the staking period, what was the frequency of communication between you and the Solv team, and what topics did you mainly discuss? AZ: At the beginning of the staking, Ryan was very enthusiastic towards me, frequently contacting me to explain the project’s situation and keep me updated on the progress. After about two or three months of staking, they were supposed to be listed on Binance but delayed for a long time. During that time, he often invited me to dinner and outings, and whenever he treated major clients, he would always include me. On my birthday, he even came to my house to have longevity noodles and gifted me a YSL bag as a birthday present. Image source: AZ's social account Before he promised guaranteed returns to other major holders, our relationship was really very good. I even thought he was my best male friend in Singapore and someone I trusted very much. I would tell him everything, including asking for his opinion on projects I was investing in. Then Babylon launched, and I heard he started signing guaranteed return agreements with others. To fulfill these agreements, he naturally had to dilute my share of the profits. BlockBeats: When did this turning point occur? AZ: Around October, I suspect he knew he was going to be listed on Binance, and perhaps because he made many promises to others, he basically stopped replying to my messages. I don’t know if he was trying to "wash" me out, but for someone who has supported him for so long and had such a good relationship, there must be some reason for him to ignore me. I felt something was off from that time. BlockBeats: When did you find out that he had signed guaranteed return agreements with other major holders? AZ: A little while before the first phase of Babylon launched. BlockBeats: Before he contacted other major holders, what was your expected return? AZ: I never thought of myself as his client; I felt we discussed this together, and I supported you from day one. Therefore, my expectation was that no matter how much you give me, at least I should get a fair and just explanation. I was ranked first on the leaderboard for the first four months, and I was only squeezed out in the last two months. I thought it shouldn’t be just 0.05%. I wouldn’t demand a specific percentage; I just felt that no matter what, you should respond to my questions directly. The returns are no longer important; I don’t expect to keep any for myself. BlockBeats: You transferred 1800 BTC to Solv using mBTC. What was the situation when you participated in Merlin? Some say you are earning returns from multiple sources. AZ: I did use mBTC to exchange, and all the funds are very clean and compliant. If someone says I’m not clean, they can provide evidence that my SOLVBTC is fake, while the real BTC exists on Merlin. Merlin issued coins before Solv. My original plan was to take the coins from Merlin directly to Binance for fixed income, expecting an annualized return of 5% for seven months, which would be $4.75 million. It was precisely because the Solv founder told me how great their project was and that it could yield far more than fixed income that I agreed to keep it for an additional seven months. Now they say they will give me $500,000 worth of SOLV tokens, which is not even enough to cover the fixed income. So, there’s no situation of earning from multiple sources. Moreover, I think it’s normal for DeFi protocols to earn from multiple sources; I just haven’t done that. BlockBeats: So there is indeed a phenomenon of double staking, right? AZ: There is indeed a phenomenon in the market where, for example, my BTC is given to Solv, counted once for returns, and then some project parties will want this TVL and count it again for returns. Everyone is colluding, like just giving them this address. But I have never done such things; every transaction record of mine can be shown to them, and all BTC is clean; I have absolutely not engaged in such activities. BlockBeats: After you learned about your return distribution situation, did you communicate with other major holders? AZ: Yes, another major holder who supports Solv came to me and asked how the 0.05% was calculated. BlockBeats: How do you evaluate the Solv project? AZ: When looking at a project, the character of the founding team is really crucial. This project has been around for four years, constantly changing directions, and finally able to be listed on Binance. But what’s disappointing is that they chose not to share the profits with those who supported them from the beginning. BlockBeats: Why did you choose to protect your rights on Twitter? AZ: I spent nearly two months contacting everyone I could find around him—his investors, very good friends, and even anyone with any connection to him. I relayed messages hoping he would contact me. But the result was that he never replied, not even a word. In this situation, I really had no other choice. I could only choose to go online and make this matter public. BlockBeats: So far, has your rights protection on social media achieved the effect you initially wanted? AZ: If my initial goal was to get the founder to respond to me, then I indeed seem to have not achieved that, as he still ignores me, and the whole team ignores me. However, if we frame it as preventing others from being scammed by such project parties, then I think it has been achieved because I launched an AI rights protection agent. There are so many scams in blockchain projects; today it’s him, tomorrow it’s someone else, and everyone is deceiving others. So I think creating a fraud prevention agent is very necessary. BlockBeats: After a series of events in the past few days, has the other party responded to your previous demands or shown any change in attitude? AZ: We had a phone call on January 3rd. It seemed like we talked a lot, but also like we talked about nothing. He asked me how to compensate now and how much I wanted. I clearly told him that I wouldn’t ask him for a single cent. Because I have doubts about his character, I even recorded the conversation. If he spreads rumors about me outside, I can release it at any time. My exact words were: "I won’t actively ask you for a single cent. I have contributed so much to this project; it’s wrong for you to burn bridges at this time. You should propose a compensation plan, and then I will decide whether to accept it." Later, one of his investors acted as an intermediary to communicate and suggested giving me an extra 1% FDV directly from the team’s share. This investor asked me if I thought it was reasonable, and I thought it was reasonable. After all, my funds occupied 10% of your TVL for a long time, and at certain stages, it even accounted for several tens of percent. According to the 9% ratio for airdrops, giving me 1/9 of the FDV is a very normal ratio. But I also made it clear that I wouldn’t actively ask you for this return. If you genuinely want to give it to me, then we can discuss it. That’s the entirety of our conversation. He also promised to call me again the next morning, but until now, I haven’t received his call. What’s even more outrageous is that he actually spread rumors outside, saying that I asked him for $20 million. BlockBeats: How do you view the community's opinion on your token issuance? AZ: First of all, the returns from staking 1800 Bitcoin for seven months are all donated to the community. From the first day I spoke out, it has been transparent. Now I just don’t want any returns. If I’m pushed too hard, I just want to spend money to have netizens criticize them, unlike the Solv team, who operates in the shadows. Moreover, I think the AI rights protection agent is a very necessary existence, especially in the crypto space where scams are rampant. I think we should create a dedicated rights protection track to provide support for more deceived individuals. AIXBT only talks about how good the project is; it’s a project-friendly AI, so I want to create a retail-friendly AI. As for this return, I never intended to keep it; I have to find a way to give it to the netizens who helped me voice out, so I can only achieve it in this way. I also clearly told everyone that I do not encourage anyone to buy this token. Because you can earn airdrops just by completing tasks, there’s no need to buy it. I will buy it myself, and after buying it, you can sell it directly after receiving the airdrop, right? There’s no need to take on more risks. And I only have 1% of the tokens. Initially, I reserved 4%, of which 3% has already been transferred to ZachXBT, the Twitter account that inspired me to do this. I have also publicly @ed him; you can check the transfer address; all records are clear and transparent.
Interview with the "1800 Bitcoin" Claimant: The Current State of the Bitcoin Ecosystem
Bitcoin, as the most secure consensus cryptocurrency, has seen various technological explorations and capital inflows in different directions within a year, driving a brief prosperity but also exposing the complex vested interests and potential issues behind it. Behind it lies a complex game of interests among rule makers and participants. Last week, the Bitcoin staking protocol Solv Protocol found itself in a public relations storm due to public accusations from the staking whale AZ and the Bitcoin ecosystem's DA project Nubit, making topics like a bailout protocol and double collateralization quickly become the community's focus of attention. As a result, BlockBeats engaged in a dialogue with AZ, who not only shared her logic of operation since entering the industry but also addressed for the first time the rumors surrounding Solv, including controversial topics such as a bailout protocol and double collateralization. This article provides us with a unique perspective on the operation of whales in the crypto sphere and project ecosystems, as well as some "dirty tricks" in the Bitcoin ecosystem, such as agreement trading between project parties and whales, as well as gray operations in liquidity management. In this game called consensus, whales holding the chips are in a tug-of-war with project parties who set the rules, while ordinary investors are often forced to be bystanders who cannot influence the outcome. Below is the full interview content, reorganized for easier reading: BlockBeats: Share your cryptocurrency trading experience. AZ: Let me first address a very, very magical rumor. I was accused of working at a Singapore clubhouse, helping many tycoons manage Bitcoin, acting as a front for them to generate profits. If I were really managing money for many tycoons, how could they allow me to be so high-profile online? Either they would have helped me solve various relationship issues long ago, or they would have shut me up long ago and not let me prance around online, right? BlockBeats: When did you enter the industry, and please briefly share your cryptocurrency trading experience? AZ: I bought my first Bitcoin in 2017, and I really just held onto it and didn't trade much. At most, I used Ethereum to buy some Dogecoin, a trendy meme, but I never exchanged Bitcoin for other coins; I just held onto it. BlockBeats: Why did you buy Bitcoin in 2017 then? AZ: The story goes back to 2015 when I caught the first wave of social e-commerce prosperity. At that time, the cost of traffic was very low, almost free, and I made some money from it. However, in 2019, this story came to an end. During that period, I often went to Europe to study craft fabrics, but because of the limited RMB foreign exchange quota, fund flows had always been a headache for me. In 2017, a friend's friend gave me a Bitcoin. I remember his last name was Fan, and we were in Shanghai at the time. After receiving this Bitcoin, I inadvertently discovered how convenient it was to move funds in and out with it. Because of this, I earnestly read the Bitcoin whitepaper, and most of my profits were invested in it, which I have not touched. I am really grateful to Satoshi Nakamoto; he made me buy it. Image Source: AZ Social Account BlockBeats: So are you mainly earning passive income with Bitcoin now? AZ: I also invest in some projects. Overall, I tend to be cautious, but indeed I have participated in many projects. BlockBeats: Is it in your personal capacity? AZ: I have a fund, and all investments are made through the fund. There is a team helping me manage it, but it is not very active, and there has been no PR. Besides investing in projects, I also invest as an LP in some funds. 「Guaranteed Yield Protocol Is Very Common」 BlockBeats: As a BTC whale, could you talk about your Bitcoin income and financial management strategy before and after the Bitcoin ecosystem became hot? AZ: I am very simple-minded; I do not have any financial management techniques. I just keep my Bitcoin in a cold wallet and never place it in strange places to earn returns. I have always been very conservative and inactive, not actively seeking investment opportunities. I will not intentionally seek projects to earn yields through coin distribution as the risks are very high. Aside from Solv, I am also involved in some quantitative activities. Babylon also involves staking, and I have had discussions with them. Then there are various project protocols that I have participated in. BlockBeats: How do you view the Bitcoin ecosystem? AZ: I have always believed in one thing: Bitcoin's liquidity will be completely unleashed. This release is not just about price appreciation but substantial applications. For example, pledging Bitcoin for borrowing under the premise of guaranteeing the principal's safety or participating in various on-chain rewards. This market is very, very large and is an issue that needs to be addressed. During this process, we will see many projects emerge. I cannot directly tell you which project is good or bad because, as of now, no solution has truly emerged as an industry standard. What I can say is that I am very much looking forward to this happening, but I also believe that the current solutions are not perfect. In the future, there will definitely be more mature and perfect solutions emerging, driving this market further. BlockBeats: What are the Playstyles in the Bitcoin Ecosystem? AZ: I believe my playstyle is definitely different from others. Those truly powerful whales are very skillful, signing agreements, locking conditions, and dumping coins right after listing. However, I haven't engaged in those operations; I simply participated without using these so-called rules to increase profits. I guess that's the biggest difference between me and others. BlockBeats: Is this playstyle a collusion between the project team and whales? AZ: I do know that some people sign agreements, but I can't just directly send out agreements; they didn't sign with me either. Many clever whales make such deals since the whereabouts of the project team's tokens are completely opaque, and once listed on Binance, there are so many retail holders waiting to buy the dip. However, I can say very clearly that I have never personally engaged in such operations. If I had indeed signed an agreement and received the money, I wouldn't be messing around here. Precisely because I haven't been involved in these things, believe in the fair distribution by the project team, and upon discovering a severely imbalanced distribution ratio, I started questioning where the remaining tokens of the project team went. That's why I am standing here, hoping to clarify things. From Good Friend to Advocacy Target: Solv Founder in AZ's Eyes BlockBeats: How did you come into contact with the Solv Protocol project? AZ: I've known the founder of Solv for quite a while. When I arrived in Singapore in '22, I already knew him. Initially, a friend organized a dance event here, and after that, we often gathered to have fun. Last March, we attended a conference in Dubai where Merlin's project team was also present. They were one of the earliest teams deeply involved in the BTC ecosystem and very familiar with the playstyle in this field. Solv used to operate in the GMX space. During that time, we were discussing Solv's transformation, primarily considering whether Solv should enter the BTC ecosystem next. If they decided to transition, we were all willing to support them and facilitate their actions. I distinctly remember that at the time, Solv's official account posted many messages thanking the Merlin team for their support. Solv's successful transition to the BTC ecosystem and its subsequent listing on Binance today are closely intertwined with the support we provided back then. As for why I got involved with the Solv project, I actually knew about it before it was Solv BTC. We were the ones discussing and planning this direction together. So, I believe that Solv's current success in the BTCFi field is also due to my contributions. BlockBeats: Have you signed a whale profit protection agreement? AZ: The thing is, there was no agreement between him and me. Because initially, we were driving this thing together, and our relationship was more like partners than clients. Therefore, naturally, there was no profit protection agreement. Our verbal agreement was very simple: we do this thing together, share the profits when we make money, and doing the thing well is the most important. But now it seems that it has completely changed, and there is no sharing at all. However, later on, he did give many large holders a profit protection agreement, so he had to dilute the interests of us early participants. After all, initially, we just verbally promised to work together and share the profits, while those who joined later appeared more as clients. As the project team, in order to attract the money from these clients, he certainly needed to offer more attractive terms, such as profit protection agreements. BlockBeats: Do other projects also have a similar situation? AZ: Before Solv, I had never done anything like this, but after Solv, if someone came to me today asking for funding support, I would be much more cautious. It is not only about profit protection agreements, but more importantly, I would conduct a very comprehensive audit of the project team's character, integrity, background. BlockBeats: Indeed, this is very necessary. AZ: We often hang out together, including going to Dubai, going to South Korea, we eat together, club together, and even fly back together. I used to trust him very much, thinking we were good friends. BlockBeats: Since deciding to participate in this project in March last year, what requirements or specific details did the project team have for large holders throughout the process? AZ: From day one until now, I can clearly say that all requirements and rules were set by the project team, and I followed them entirely. All this information can be easily found in their tweets and official website. As for anyone questioning the cleanliness of my source of funds or saying that I am faking TVL, I can only say that all my actions were based on the rules and requirements of the project team, every transaction is clear, and can withstand thorough scrutiny. The main request from the project team was actually quite simple: they asked me to lock up my Bitcoin liquidity and provide it to them. At the beginning, they told me it was a three-month project that only required locking the Bitcoin liquidity for three months. At that time, I knew the bull market was about to come, and I had originally planned to put that money into Binance for fixed income. However, they strongly insisted that I lock it up for three months with them. I followed their request and provided the Bitcoin to them. After three months passed, they kept postponing, failing to fulfill their initial promise at all. This repeated delay not only violated the initial trust but also left me very disappointed in their way of operating. BlockBeats: During the staking period, how often did you communicate with the Solv team, and what were the main topics of your discussions? AZ: At the beginning of the staking, Ryan Zhou was very enthusiastic towards me. He would contact me to explain the project's situation and keep me informed of the progress. About two to three months into the staking, although we were supposed to list on Binance, it was continuously delayed. During that time, he often invited me to meals and outings, and whenever he hosted dinners for major clients, he would always invite me. He even came to my house to have longevity noodles with me on my birthday and gave me a YSL bag as a birthday gift. Image Source: AZ's social account Our relationship was really good before he promised a guaranteed return to other major holders. I even felt he was my best male friend in Singapore and someone I trusted a lot. I would tell him everything, including seeking his opinion on some projects and listening to his thoughts. Then, when Babylon launched, I heard he started signing guaranteed return agreements with others. To fulfill these agreements, he naturally had to dilute my share of benefits. BlockBeats: Around what time did this turning point occur? AZ: Around October, I guess. I think he knew he was going to list on Binance or maybe because he made a lot of promises to others, he basically stopped responding to my messages. I don't know if he was trying to cut me off, but there must be some reason why a person who has supported for so long, including someone with such a good relationship, would suddenly ignore me. I felt something was wrong from that time. BlockBeats: So when did you roughly find out about him signing guaranteed agreements with other major holders? AZ: It will be launched shortly before the first phase of Babylon. BlockBeats: What was your expected return before contacting him and other whales? AZ: I have never considered myself as one of his clients. We always discussed this matter together, and I supported you from the very first day, so my expectation must be that no matter how much money you give me, at the very least, you must provide me with a fair and just explanation. I was always at the top of the leaderboard in the first four months, and only in the last two months was I pushed out. I feel that being only in the top 0.05% is unacceptable. I will not demand a specific number of points from you. I believe that in any case, you must positively address my concerns. Profit is no longer important now, and I am not keeping a single cent for myself anyway. BlockBeats: You transferred these 1800 BTC to Solv using mBTC. What was the situation like when participating in Merlin? Some people say you took advantage of multiple returns. AZ: I did indeed use mBTC for the conversion, and everything was done securely and in compliance. All the money was very clean. If someone claims that I am not clean and can provide evidence that my SOLVBTC is fake, then the real BTC will be in Merlin. I only received Solv after Merlin distributed the coins. The original plan was to take it to Binance for fixed income after Merlin, with a 5% annual yield for 7 months, which would have been $4.75 million. It was precisely because the Solv founder told me how great their project was and that it could provide returns well above fixed income that I agreed to hold it for an additional seven months. Now they are saying they will give me SOLV tokens equivalent to $500,000, which is not even a fraction of the fixed income. So, there is no scenario of taking advantage of multiple returns. Besides, I believe it's quite normal for a DeFi protocol to have 5 layers of returns. However, it's true that I did not take advantage of multiple returns. BlockBeats: So, indeed, there is a phenomenon of double-staking, correct? AZ: There is indeed such a phenomenon in the market. For example, if I have provided my BTC to Solv and it has been counted once, some project teams may add an extra layer of returns to my TVL (total value locked). Everyone is colluding together. For instance, it would be sufficient to provide him with this address, but I have never done such a thing. I can show them the operational records for every transaction I have made. All the BTC transactions are clean and transparent. I have absolutely never engaged in such practices. BlockBeats: After knowing your profit distribution, have you communicated with other major holders? AZ: Yes, another major supporter of Solv approached me, asking how the 0.5% was calculated. BlockBeats: How do you evaluate the Solv project? AZ: When it comes to a project, the integrity of the founding team is crucial. In the case of this project, it has been in development for 4 years, constantly pivoting directions, and has finally been listed on Binance. However, it is disappointing that they chose not to share the benefits with those who supported them from the beginning. BlockBeats: Why did you choose to seek justice on Twitter? AZ: I spent nearly two months contacting everyone I could find around him—his investors, close friends, or anyone even remotely associated with him. I conveyed my message to all of them, hoping he would reach out to me. However, he never responded, not even a single word. In such a situation, I really had no other choice. I had to resort to publicly addressing this online. BlockBeats: So far, have your social media justice efforts achieved your initial objectives? AZ: If my initial objective was to have the founder address my concerns, then it seems like I haven't achieved that because he still ignores me, and the entire team ignores me. But if we look at it from the perspective of preventing being scammed by such project teams, then I think I have achieved it because I launched an AI Justice Agent. There are so many blockchain project scams; today it's him, tomorrow it's someone else, everyone is deceiving, so I think having an anti-scam agent is very necessary. BlockBeats: In light of recent events, has the other party responded to your previous demands or shown any change in attitude? AZ: We had a call on January 3, and it seemed like we talked a lot, yet it also seemed like we didn't talk about anything. He asked me how he should compensate me now, how much money I wanted. I made it clear to him that I would not ask him for a penny. Because of doubts about his integrity, I specifically recorded the call, so if he continues to badmouth me in public, I can release it at any time. My exact words at the time were: "I will not actively ask you for a penny. I have made so many contributions to this project, and it is unfair of you to burn bridges at this point. You should be the one proposing a compensation plan, and then it is up to me to decide whether to accept it or not." Later, one of his investors acted as an intermediary to communicate, suggesting to give me an additional 1 point FDV directly from the team's share. This investor asked me if I thought it was reasonable, and I thought it was. After all, my funds have made up 10% of your TVL for a long time, even reaching a percentage of tens at certain stages. Based on the 9% airdrop proportion, giving me 1/9 of the FDV is a very normal ratio. However, I also made it clear that I would not actively ask you for this benefit. If you truly wish to give it to me, then we can discuss it further. That was the entirety of our conversation that time. He even promised to call me early the next morning, but up to now, I have not received his call. What's more outrageous is that he has been spreading rumors outside, claiming that I asked him for $20 million. BlockBeats: How do you view the current community sentiment towards you receiving tokens? AZ: First, I donated all the earnings from staking 1800 Bitcoins for seven months to the community. Since the first day I spoke out, I have been transparent. I'm not even accepting any earnings now. They just pushed me too far, so I just want to spend money to have netizens scold them. Not like the Solv team, resorting to dirty tricks. Furthermore, I believe that having an AI agent for rights protection is a very necessary presence, especially in an environment like the cryptocurrency industry where scams are rampant. I think there should be a dedicated track for rights protection to provide support to more deceived individuals. AIXBT only talks about how good the project is; it is AI friendly to project teams. So, I want to create an AI that is friendly to retail investors. Regarding this earnings, I didn't plan on keeping it anyway, so I must find a way to give it to the netizens who helped me speak out, and this seems to be the best way to achieve that. I also want to make it clear to everyone that I do not encourage anyone to buy this token. Because you can simply earn the airdrop by completing tasks, there is no need to buy it. I will buy it myself, and once you receive the airdrop, you can just sell it immediately, right? There's no need to take on additional risks. Furthermore, I only hold 1% of the tokens. Initially, I reserved 4%, but 3% of that has already been transferred to ZachXBT, the Twitter account that inspired me to do this. I have publicly @ mentioned him, and you can check the transfer address; all records are crystal clear and transparent.
Merlin Chain announces support for Goldinals protocol
On January 12th, Merlin Chain, a native layer-two project for Bitcoin, announced support for Goldinals, the first unified asset protocol for Bitcoin. Goldinals was developed by Nubit, a native technology project in the Bitcoin ecosystem, and the concept was contributed by Domo, the founder of BRC20. It is able to be downward compatible with all existing Bitcoin asset protocols, such as BRC-20, Ordinals, and Runes, with the aim of unifying the Bitcoin asset ecosystem and promoting liquidity, transparency, and programming capabilities. Merlin Chain hopes to empower the existing community with the Goldinals protocol and its BitVM technology, exploring trustless asset solutions in the Bitcoin ecosystem and providing support for stablecoins and new asset applications.
Merlin Chain announces support for Goldinals protocol
On January 12th, Merlin Chain, a native layer 2 project for Bitcoin, announced its support for Goldinals, the first unified asset protocol for Bitcoin. Goldinals was developed by the Bitcoin ecosystem's native technology project Nubit, with the concept contributed by Domo, the founder of BRC20. It is capable of downward compatibility with all existing Bitcoin asset protocols, such as BRC-20, Ordinals, and Runes, with the aim of unifying the Bitcoin asset ecosystem and promoting liquidity, transparency, and programming capabilities. Merlin Chain hopes to empower the existing community with the Goldinals protocol and its BitVM technology to explore trustless asset solutions in the Bitcoin ecosystem, providing support for stablecoin and new asset applications.
BRC-20 meme coin PARTY has increased by 40.89% in the last 24 hours
On December 27, the BRC-20 meme coin PARTY saw a 24-hour increase of 40.89%, with a trading volume reaching $1.8 million and 11,884 transactions. The current liquidity pool has exceeded $13.6 million. PARTY was launched by the Bitcoin MEME launch platform BTC.Fun, which relies on the ecological advantages of Merlin Chain to provide users with low gas fee layer one and two Runes/BRC20 token issuance and trading services. It is reported that BTC.Fun will continue to carry out a series of ecological construction activities to further enhance platform activity and user participation, with the official version set to go live soon.
Bitget's pre-market trading volume has exceeded 50 million US dollars
Bitget launched an innovative product "Pre-market Trading" in April this year, with Merlin Coin (MERL) as the first project. Up to now, Bitget's pre-market trading has listed 50 tokens, including popular tokens such as Movement (MOVE), Scroll (SCR), and Orderly Network (ORDER), with a total transaction volume exceeding 50 million US dollars. Bitget's pre-market trading is an over-the-counter trading platform that provides a pre-trading market before new coins officially go live. It promotes peer-to-peer transactions between buyers and sellers, allowing them to set quotes and match trades, completing delivery at a mutually agreed time.
MERL briefly touches 0.35 USDT, up 12.55% in 24H
MERL briefly touched 0.35 USDT and is now at 0.339 USDT, up 12.55% in 24H, the market showed.
Bitget Spot Bot adds MERL/USDT
We are pleased to announce that Bitget spot bot has now added: MERL/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
MERLUSDT now launched for futures trading and trading bots
Bitget has launched MERLUSDT for futures trading with a maximum leverage of 25, along with support for futures trading bots, on November 14, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. MERLUSDT-M perpetual futures: Parameters Details Listing time November 14, 2024 18:00 (UTC+8) Underlying asset MERL Settlement asset USDT Tick size 0.0001 Maximum leverage 25x Funding fee settlement frequency Every eight hours Trading time 7*24 Depending on market risk conditions, Bitget may adjust the parameters from time to time, which may include the tick size, maximum leverage, and maintenance margin rate. [Futures] Bitget’s futures include: USDT-Ⓜ️ Futures, Coin-Ⓜ️ Futures and USDC-Ⓜ️ Futures. USDT-Ⓜ️ Futures - Trade using USDT for all pairs. You can choose USDT to trade multiple currency pairs at the same time, in which multiple futures share the same account equity, profit, loss and risks. Thank you for your support and attention to Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Merlin Chain upgrades AA wallet, supporting its platform coin MERL as a GAS token
On November 13, Merlin Chain announced on platform X that Particle's AA wallet now supports MERL as the Gas token for transactions on Merlin Chain. It is reported that currently, choosing MERL as GAS for each transaction on Merlin Chain costs 0.1 MERL (approximately $0.03), while choosing BTC as Gas costs about $0.05.
How the Lindy Effect can make users overconfident in DeFi 'brands'
Opinion by Merlin Egalite, co-founder of Morpho Labs. There is a great irony in crypto: it was designed to be "trustless," but trust and longevity for brands often play a major role in where users decide to allocate and use their crypto. So it's no surprise that the Lindy Effect is a concept often discussed in the DeFi space. But it's applied inconsistently, sometimes to the companies or brands and sometimes to the code of a protocol. It's worth unpacking how the Lindy Effect can be applied to both and what users should look for when assessing their product options. What is the Lindy Effect? The Lindy Effect tells us that the longer a non-perishable good — ideas, technologies, or cultural phenomena — has survived, the longer it is expected to last. If something has defied the test of time, it will likely continue to do so. The theory was first coined by Albert Goldman in 1964 in an article called Lindy’s Law and applied to comedians: “The life expectancy of a television comedian is proportional to the total amount of his exposure on the medium.” The concept spread mainly through Nassim Nicholas Taleb's book, Antifragile, and was extended to any type of entities that were nonperishable. Applying the Lindy Effect to DeFi protocols Immutable DeFi protocols are obviously nonperishable goods so the Lindy Effect must apply. It can be translated into the following: The longer a protocol operates without a major exploit, the more likely it is to stay secure in the future. Protocols like Uniswap v1, launched in November 2018, or v2, launched in 2020, have been running without any significant vulnerabilities since. Hence, they are prime examples of this concept. Users expect these protocols to continue functioning smoothly, with minimal risk of exploitation. Related: Centralized stablecoins may pose risk to DeFi — Curve Finance founder However, this idea isn’t as straightforward when applied to upgradeable protocols like Aave, Compound, or Lido. These protocols are frequently updated to enhance performance, add features, or fix security issues, which complicates matters. This leads us to an important distinction between immutable and upgradeable protocols in the context of the Lindy Effect. The Lindy Effect is pretty easy to grasp (X) The flaw in applying the Lindy Effect to upgradeable protocols In the case of upgradeable protocols, every time a major upgrade or patch is applied, the code changes. Just like in Theseus’ paradox : when a protocol’s logic is replaced one piece at a time, can we still consider it as the same protocol? Take Aave or Compound, for example: they undergo frequent code updates to add new features or sometimes fix critical bugs. From a Lindy Effect perspective, each update creates a new entity (a new contract address to which the proxy points), and users should technically reset their risk evaluation. Yet, most users perceive the protocol as a continuous entity (and indeed, the proxy's address hasn’t changed!) and fail to account for the fresh vulnerabilities that may have been introduced during these upgrades. This principle also applies to smart contracts built on upgradeable platforms. Each update to the underlying platform resets the integration's Lindy Effect, sometimes even breaking the integration entirely. A notable example is the recent Aave v3.2 upgrade, which broke some integrations using immutable code that could not be adapted to the new logic. The Aave team had to roll back certain changes to resolve the issue, highlighting the challenge of building immutable code on top of upgradeable platforms. Of course, this bias does not only apply to upgradeable contracts but can be extended to modular protocols where an immutable piece of the stack can be swapped to a new one. As a result, users often overestimate the safety of upgradeable protocols, leading to a cognitive bias in risk assessment. This is particularly problematic in DeFi, where unforeseen vulnerabilities can emerge from even well-intentioned or necessary updates. For illustration, the Euler’s hack in March 2023 was made possible by a rather seemingly benign upgrade introducing a new function that appeared to be the critical enabler of the attack. Brand-level Lindy Effect While the protocol-level Lindy Effect may reset with each update, the brand-level Lindy Effect continues to grow as long as no exploit has been performed. Over time, protocols build a reputation based on their track record, security practices, and the experience of their development teams. Brands like Aave or Compound become synonymous with safety, not just because of the underlying code but because of the reliability and expertise that these organizations earned, as Ernesto from BGD Labs pointed out. This trust is built over the years through: The collective experience of developers, risk managers, and security experts Marketing and community engagement, who actively work to build up the brand Strong security practices and regular audits Deep understanding of code and patterns proven in other systems The key takeaway here is that users often default to trusting a protocol based on its brand, which functions as a heuristic for safety. This bias is rather natural and is a good heuristic for users to separate the wheat from the chaff. However, it can sometimes be misleading. Marketing and narratives can mask potential risks, and critical incidents may be downplayed or hidden from the public. How to apply the Lindy Effect While immutable protocols are the only ones that can consistently accrue the true Lindy Effect, upgradeable protocols can still provide significant benefits, especially when backed by strong, well-earned brands. Moreover, it’s not necessarily realistic for all users to examine technical updates at the protocol level; hence, the brand-level Lindy Effect will offer useful insights. However, more advanced users and integrators like protocols, institutions, or fintechs should consider both the underlying protocol’s technical structure and the broader brand experience to get a more accurate view of the true Lindy Effect of a given protocol. Only by looking at both aspects can they make informed decisions about where to place their trust. As Nicholas Nassim Taleb wrote: "the only effective judge of things is time”. Magazine: Most DePIN projects barely even use blockchain — True or false? Merlin Egalite is a co-founder of Morpho Labs, a core contributor of the Morpho Protocol. An expert in smart contract security he has contributed to open-source projects such as Giveth, Commons Stack, and Kleros. At Morpho Labs, Merlin leads the integration team, focusing on the security of smart contracts, developer relations, and driving growth through developer engagement. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Merlin holds the leading position among Bitcoin L2 chains
Merlin is still the leader among Bitcoin L2 chains based on BTC deposited. Merlin is also moving closer to a decentralized chain with ZK proofs. Bitcoin’s L2 is growing at a slower pace, but already singling out some of the winners. Merlin, with its first-mover advantage, is one of the most well-funded chains in terms of locked BTC. Based on different reports, Merlin holds between 7K and upward of 9K BTC, with more than 11K BTC locked during its peak a few months ago. In 2024, Merlin Chain retained its position as the leading L2 chain, though its native MERL token has underperformed, with no significant breakouts. Stacks, another high-profile protocol, reports 3,242 BTC in its deposits. The protocol incentivizes usage by sharing fees with its BTC depositors. L2 projects aim to tap existing BTC owners and offer larger ecosystems with additional activities, which can bring passive income. Merlin Chain has partnered with Particle Network to allow the usage of native BTC wallets on other EVM-compatible networks. Merlin is also an EVM-compatible chain, offering decentralized apps and its native DEX. As of October 17, the DEX accrued around $24M in liquidity. A recent Messari report on the state of Merlin points out the project uses a side-chain architecture, but in the future, aims to offer full ZK proofs, depending on overall technological advancements. See also The single bettor swaying the Trump-Harris betting pair on Polymarket While L2 on Bitcoin remain niche, renewed interest may signal a revival of investments. L2 have also raised some scrutiny on their exact mode of consensus, as some of the projects may be centralized, instead of building a distributed network. Bitcoin L2 try to take off again Bitcoin L2 projects expanded in the first half of 2024, but stalled as other narratives took all the attention. Ethereum’s L2 achieved much faster growth, mostly due to rewards and airdrop promises. Additionally, locking up BTC is seen as riskier and too expensive for retail buyers. Bitcoin L2 is also not clearly defined, with some analysts claiming the Lightning Network counts as a L2. The other chief reason is that BTC itself does not require that much scaling. The existence of Ethereum L2 is mostly due to constraints on speed and expenses for using apps, games, DEX, lending and other protocols. BTC has much fewer apps, and is still used as a store of value or as a coin for simple transfers. Bitcoin L2 tokens have a market cap of $6.67B as of October 18. The sector is considered undervalued, as it is still in the early experimental stages. So far, Internet Computer (ICP) has been one of the most successful projects, after rebranding itself as a Bitcoin L2. ICP brings in regular fees in the past three months, while the market price draws in speculation for an eventual breakout. See also Bitwise surpasses $5B in AUM with Bitcoin ETF contributing over $2.7B Bitcoin L2 chains do not start out with existing apps on the main net. Instead, projects like Bitlayer first build their network, then grow their app space. L2 chains also try to create demand for their apps, generate fees, then potentially draw in bigger BTC deposits. The activity and user count of L2 also does not depend on the number of BTC deposited. Some protocols like Lightning Network grow in terms of volumes between well-used routes affects the results of specific node operators. Some professional nodes like LQWD Technologies achieved 600% year-on-year growth based on specific highly liquid payment gateways for North America. Interest in BTC staking remains, though not all projects can attract stakers at the same pace. Babylon Labs was the latest project to tap unused BTC, locking in more than 23K coins. The goal of Babylon Labs is to offer non-custodial staking, where depositors are in full control of their assets. Babylon Labs uses the locked BTC as a proof of safety for its planned side products, while also promising fees to its stakers and validators.
Messari Report: Merlin Chain is at the forefront of integrating Bitcoin native assets in the market
The research institution Messari has conducted a detailed analysis of Merlin Chain in its latest report, pointing out that the platform is a leading Bitcoin Layer 2 compatible with EVM and is at the forefront of integrating native Bitcoin assets. The report emphasizes that the total value locked (TVL) in Merlin Chain had reached $3.5 billion by March 2024, demonstrating its strong growth and widespread adoption in the market. Merlin Chain was built using Polygon CDK and plans to transition to Bitcoin's second-layer zero-knowledge solution, showcasing its foresight in Blockchain technology innovation and practicality. The report also specifically mentions that Merlin Chain's ecosystem revolves around native Bitcoin assets (such as Ordinals, BRC-20s, and Runes), with applications covering DeFi, gaming, AI, and SocialFi sectors. This demonstrates its leadership role in expanding Bitcoin's role within a broader Web3 ecosystem.
BTC Ecosystem Project Progress (10-1): Jointly Produced by Xverse and OrdzWorld｜Miami Inscription 2024
Please note: All content is only shared for popular science. Xverse Bitcoin Web3 Wallet has no connection with any project. Please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing great content! Ordinals Inscriptions Section Inscription Miami 2024: The second largest venue in Miami Beach (after Art Basel), if interested, please contact @realizingerin. Early bird tickets are now on sale, click to view . Runes $PUPS Migration Deadline: The final migration date is November 5th. Please visit PUPS Migration to transfer to the new version PUPS WORLD PEACE (RUNES). For old BRC 20 PUPS on Bitcoin, please go to BRC 20 PUPS Migration to complete the migration. After November 5th, we will focus on PUPS WORLD PEACE. BRC 20 Plate pizzaswap is online: $PIZZA plunged 17%. The strongest cultural meme in the BTC ecosystem, are you still holding it? ARC 20 Section RealmHub launches a super APP based on Bitcoin: an important community product in the Atomicals protocol, designed based on the Bitcoin chain and integrating various functions of Atomicals. Key features: Personalized information flow and DAO management: Support connecting wallets to obtain personalized tweets, participate in forecasts, podcasts and DAO proposals. On-chain storage and encrypted communication: supports file upload and permanent storage on the Bitcoin mainnet, and provides on-chain or off-chain encrypted messaging services. ARC 20 tokens and Atomicals NFT applications: support token, NFT minting and on-chain asset management. Merlin Plate Merlin Chain works with the Ethereum network: Supports bridging $MERL and $MBTC from Merlin Chain to Ethereum Mainnet. Small transfers can be done via app.free.tech , large transfers can be done via tunnel.free.tech/mbtc , which takes up to 72 hours. Merlin Phantom Rewards Event is now live: 300 FB rewards are provided, please see the event link for more details. Merlin Phantom launches new music box trading pairs. Fractal Section PizzaFarm develops BRC 20 swap liquidity mining module: It is planned to be integrated into the BRC 20 index, and PizzaFarm will serve as the front-end interface to provide additional rewards for liquidity providers. L2 Plate sBTC: An asset pegged to Bitcoin that unlocks DeFi capabilities for Bitcoin through Stacks while maintaining its security and decentralization. Supports multi-chain extensions such as Stacks, Aptos, and Solana. Unlike wBTC, sBTC is fully decentralized and users can maintain full ownership of BTC. Early stage/airdrop section Erin was interviewed about Liquidium and astrology: @realizingerin looks better in person than in the video! See the interview video for details. BTC Events/Data Section There was a net inflow of $230 million this week, bringing the cumulative inflow to $20.523 billion. 9/30 Market price change summary Ordinals Collection @OrdinalMaxiBiz: OMB - 0.185 BTC @lepuppeteerfou: Bitcoin Puppet - 0.128 BTC @ninjalerts: Pizza Ninja - 0.148 BTC @nodemonkes: Nodemonkes - 0.189 BTC @QuantumCatsXYZ: Quantum Cats - 0.25 BTC @BitcoinFrogs: Bitcoin Frogs - 0.04 BTC @blockamoto: Bitmap - 0.00062 BTC @goosinals: MOMA Goose - 0.0036 BTC BRC 20 Inscription Plate $ORDI - $39 $ETHS - $1.13 $SATS - 0.000000317 USD $RATS - 0.000141 USD $PIZZA - $3.26, down 5% from yesterday, with a total market value of $18.1 billion ARC 20 Atomicals $ATOM - $1.56 $QUARK - 0.00113 USD $SOPHON - 0.001 USD $ELECTRON - 0.00346 USD $INFINITY - $0.001, down 7% from yesterday, with a total market value of $74 million Runes $DOG - 0.0041 USD $PUPS - $0.07 $BDC - $0.05 $RSIC - 0.0041 USD $LOBO - 0.00091 USD, down 1% from yesterday, with a total market value of 940 million Layer 2 $MERL - $0.3 $FB - $8.8 $CAT - $1.4, down 3% from yesterday, with a total market value of $195 million Follow Xverse Chinese: @Xverse_CN Follow Ordinals World: @OrdzWorld Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Bitcoin, Runes, Ordinals, BRC 20, Rare Satoshis, STX, etc. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields. It has 200 Chinese and English KOL media matrix at home and abroad, providing Chinese and English online space marketing promotion and global offline event interview series promotion. Explore and invest in innovative projects to jointly build web3.
Merlin Chain: MERL and MBTC are now available on the Ethereum mainnet
Odaily Planet Daily News Merlin Chain announced on X that users can now bridge MERL and MBTC directly from Merlin Chain to the Ethereum mainnet. In addition, the Merlin Foundation will provide additional incentives to guide liquidity.
Cross-Chain Bridge Owlto Finance Now Supports $FB on Fractal Bitcoin
On September 25th, Owlto Finance, an intent-centric cross-chain interoperability protocol, now supports $FB cross-chaining between the Fractal Bitcoin mainnet and the Merlin Chain. In addition, Owlto Finance is now included in the official ecosystem of Fractal Bitcoin. Owlto Finance supports asset bridging across more than 50 networks in the BTC, ETH, and SOL ecosystems and has 2 million users in over 200 countries.
The latest progress of BTC ecological projects (9-24): BTC NFT has seen a sharp rise
Please note: All content is only shared for scientific purposes. Xverse wallet has no connection with any project. Please do your own research (DYOR). Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing great content! What are Bitcoin Puppets? Ord My God invited the Ordinals team 「Ordinals Inscriptions Section」 The Ordinals collection continued to rise sharply, with the highest increase of Bitcoin Puppet by 21%, currently at 0.133 BTC. Among them, the market value of Node Monkey reached 133 million. What are Bitcoin Puppets? by @Daji_ 357 Finally got the LEO kit inscribed 😭 Auction 3 rounds, with two Leo kits August 10, 2019 - Epsteins death anniversary August 1, 2009 – Women in Astronomers Day @realizingerin On September 26th, Ord My God invited Erin and Raph, core members of the Ordinals team, and micull from the ephemera team to chat together. 「Runes Section」 There are 43 days left in the countdown to Pups migration, and the deadline is November 5, 2024. Puppet Community Rune PUPS•WORLD•PEACE surged 46%, with a market value of 31 million US dollars 「BRC 20 Section」 「ARC 20 Section」 Realm Name holds more than 6,000 addresses In the past 24 hours, 398 new domain names were minted and 121 new independent holding addresses were added, according to the Geniidata statistics dashboard @GeniiData . Merlin Section Bitmap Game @BitmapTech The first phase of Easter egg rewards has been distributed. 3,083,752 $BitmapTokens have been airdropped. Bitcoin worth $100,000 has been airdropped. Merlin @MerlinLayer 2 Youtube Channel Update Check out highlights from @BitmapTech s keynote at the Bitcoin Staking Forum last week with @StakingRewards and @babylonlabs_io . Fractal Section Bool Network @bool_officials Fractal @fractal_bitcoin cross-chain already supports ordi and sats. The fee is composed of Bitcoin L1 gas (dynamic) + Bool service fee (2 u). The final amount of FB collected depends on the real-time price of L1 gas and FB. Batch minting #CAT 20 up to 200 times. @dot_swap 「BTC Even ts/ Data Section」 On Monday, September 23, there was a net outflow of $3.9 million. The cumulative inflow was $20.413 billion. 「OW Secti on」 Friends who comment and interact with our daily tweets, and interact for 5 consecutive days, will be added to the OW private group. Seats are limited. ========================= ///// 9/24 Market Price Changes Section ///// // Ordinals Collection // @OrdinalMaxiBiz OMB 0.2b tc @lepuppeteerfou Puppeteer 0.128 btc @ninjalerts Pizza Ninja 0.15 btc @nodemonkes Node Monkeys 0.21 btc @QuantumCatsXYZ Quantum Cats 0.283 btc @BitcoinFrogs Bitcoin Frogs 0.047 btc @blockamoto Bitmap 0.00074 btc @goosinals MOMA Goose 0.0035 btc //BRC 20 Inscriptions// $ORDI 34.27 $ $ETHS 1.11$ $SATS 0.000000293 $ $RATS 0.000141 $ $PIZZA 3.67$ Up 1% from yesterday, total market cap $ 1.86 Billion //ARC 20 Atomicals// $ATOM 1.73$ $QUARK 0.00109 $ $SOPHON 0.001$ $ELECTRON 0.00363 $ $INFINITY 0.001$ Down 3% from yesterday, total market cap $ 70 Million //Runes Section// $DOG 0.00027$ $RSIC 0.003$ $PUPS 0.046 $ $BDC 0.023 $ $LOBO 0.00055 $ Up 10% from yesterday, total market cap 900 million. //Layer 2 Sectios// $MERL 0.32 $ $FB 13$ Up 3% from yesterday, total market cap 137 million. OW @OrdzWorld organizes the latest and key information of BTC ecology every day. If you think it is valuable, welcome to click three times❤️🫡 Follow Ordinals World: @OrdzWorld Follow Xverse Chinese: @Xverse_CN Ordinals World (OW) The team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on BTC ecology and L2, Defi, Gamefi, AI, Metaverse and other fields. It has 200 Chinese and English KOL media matrix at home and abroad, providing Chinese and English online space marketing promotion and global offline event interview series promotion. Explore and invest in innovative projects to jointly build web3. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Runes/Ordinals/BRC 20/Rare Satoshis/STX.
Bitcoin Ecosystem Daily (9.24) | NodeMonkey’s market value reaches $130 million, and the Ordinals collection continues to rise sharply
Original source: Xverse Chinese Please note: All content is only shared for popular science, Xverse wallet is not associated with any project, please do your own research (DYOR). Daily BTC Ecological News Explosion - Thanks to Ordinals World @OrdzWorld for providing wonderful content! ● What are Bitcoin Puppets? ● Ord My God invited the Ordinals team ● "Ordinals Inscriptions Section" ● Ordinals collection continues to rise sharply The highest increase in Bitcoin puppets is 21%, currently 0.133BTC. Among them, the market value of node monkeys has reached 133m. ● What are Bitcoin Puppets? by @Daji_357 One article to understand ● Finally, the LEO kit was inscribed, and there were 3 rounds of auctions, with two Leo kits. August 10, 2019 – Epstein’s death anniversary August 1, 2009 – Women in Astronomers Day @realizingerin ● Tomorrow Ord My God has invited core members of the Ordinals team, Erin and Raph, and micull from the ephemera team, to join in the chat. ●「Runes Section」 ● 43 days left for Pups migration countdown Deadline: November 5, 2024 ● Puppet Community Rune PUPS•WORLD•PEACE surged 46%, with a market value of 31m USD ● 「BRC20 Section」 ● 「ARC20 Section」 ● The number of Realm Name holding addresses exceeded 6000 In the past 24 hours, 398 new domain names were minted and 121 new independent holding addresses were added, Geniidata statistics dashboard @GeniiData ● 「Merlin Section」 ● Bitmap Game @BitmapTech 3,083,752 $BitmapTokens have been airdropped in the first round of Easter egg rewards. $100,000 worth of Bitcoin has been airdropped. ● Merlin @MerlinLayer2 Youtube channel update Check out the highlights of @BitmapTech's keynote speech with @StakingRewards and @babylonlabs_io at the Bitcoin Equity Forum last week. ● 「Fractal Section」 ● Bool Network @bool_official's Fractal @fractal_bitcoin cross-chain has supported ordi and sats. The fee is composed of Bitcoin L1 gas (dynamic) + Bool service fee (2u). The final amount of FB depends on the real-time price of L1 gas and FB ● Batch minting #CAT20 up to 200 times. @dot_swap ●「BTC Events/Data Section」 ● Monday, September 23, net outflow was US$3.9 million. Cumulative inflow was US$20.413 billion. ///// 9/24 Market Price Changes Section ///// ● // Ordinals Collection // @OrdinalMaxiBiz OMB 0.2BTC @lepuppeteerfou Puppeteer 0.128BTC @ninjalerts Pizza Ninja 0.15BTC @nodemonkes Node Monkeys 0.21BTC @QuantumCatsXYZ Quantum Cats 0.283BTC @BitcoinFrogs Bitcoin Frogs 0.047BTC @blockamoto Bitmap 0.00074BTC @goosinals MOMA Goose 0.0 035BTC ● //BRC20 Inscriptions// $ORDI 34.27$ $ETHS 1.11$ $SATS 0.000000293$ $RATS 0.000141$ $PIZZA 3.67$ Up 1% from yesterday, total market cap $1 .86 Billion ● //ARC20 Atomics// $ATOM 1.73$ $QUARK 0.00109$ $SOPHON 0.001$ $ELECTRON 0.00363$ $INFINITY 0.001$ Down 3% from yesterday, total market cap $70 Million ● //Runes Section// $DOG 0.00027$ $RSIC 0.003$ $PUPS 0.046$ $BDC 0.023$ $LOBO 0.00055$ Up 10% from yesterday, total market cap 900 million. ● //Layer 2 Sectios// $MERL 0.32$ $FB 13$ Up 3% from yesterday, total market cap 137 million. OW @OrdzWorld organizes the latest and key information of BTC ecology every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on BTC ecology as well as L2, Defi, Gamefi, AI, Metaverse and other fields. Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting Runes/Ordinals/BRC20/Rare Satoshi/STX and other assets. @Xverse_CN Original link
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