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Project Overview
Launched on Bitcoin mainnet by developer Casey Rodarmor on January 20, 2023, Ordinal NFTs are simply the latest way to create NFTs on Bitcoin. Ordinals are means of creating Bitcoin NFTs by attaching data such as images, videos, and more to an individual satoshi on the base Bitcoin blockchain. Unlike their predecessors, ordinal NFTs don’t exist on a separate layer from Bitcoin. Rather, they use an arbitrary but logical ordering system called ordinal theory to give each individual Bitcoin satoshi a unique number. In this regard, ordinal NFTs are completely Bitcoin-native. They work without changes to the Bitcoin protocol, don’t require any extra layers, and are backward compatible with the network.
Event-related news
Coinbase Suspends Trading of 25 Perpetual Contracts and Completes Auto-Settlement
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.
Binance to Launch Spot Trading Pairs Including Binance Life /U
According to the official announcement, Binance will list the following spot trading pairs on April 21 at 16:00 (UTC): BNB/USDT, BNB/USD1, ENJ/USDT, GIGGLE/USDT, and ORDI/USDT. Additionally, Binance will simultaneously enable Trading Bot services for these trading pairs.
Bitget Super Pairs: Trade RAVE and ORDI to Unlock $30,000 in USDT
Bitget has launched a new edition of its Super Pairs campaign, ending on April 24. Users can unlock a specific number of mystery boxes by completing tasks such as placing their first futures trade, daily trading, and achieving cumulative trading volume targets. The mystery box prize pool includes trading credits and popular token airdrops, with up to 10 RAVE tokens available per draw. Additionally, all users ranked within the top 1,000 by trading volume—and whose cumulative trading volume reaches at least 10,000 USDT—will jointly unlock a shared prize pool of 20,000 USDT, with a maximum individual payout of 2,000 USDT. This prize pool requires trading in designated tokens. Full campaign rules are published on the Bitget official platform; users must click the “Join Now” button to register and participate.
Related news
Chainalysis: Tax Evaders Exploiting "New Digital Assets" to Evade Taxes
that, according to Chainalysis monitoring, tax evaders are turning to digital methods like Bitcoin Ordinals and BRC-20 tokens in an attempt to hide assets from tax authorities.Italian authorities recently cracked down on a tax evasion case involving an individual suspected of using Bitcoin Ordinals and the BRC-20 token standard to generate and conceal unreported capital gains of 1 million euros (approximately $1.1 million). The suspect used the Ordinals protocol and the BRC-20 standard to create tokens, which were then sent and listed on the market. The assets were sold at multiples of their original cost, with the profits transferred back to the main wallet in Bitcoin, and the proceeds were continuously reinvested into new inscriptions.Chainalysis stated that using cryptocurrencies for tax evasion has a fatal flaw: the inherent transparency of the blockchain leaves a permanent and immutable trail. (cointelegraph)
Ordinals browser Ord.io to shut down on June 1
According to an official announcement, the Ordinals browser Ord.io will shut down on June 1. Launched three years ago, the platform has served over one million users. The team plans to upload its complete history of likes, replies, and public address profiles to GitHub, enabling future users to build related Ordinals browsing tools based on this data.
Coinbase Suspends Trading of 25 Perpetual Contracts and Completes Auto-Settlement
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.
Binance to Launch Spot Trading Pairs Including Binance Life /U
According to the official announcement, Binance will list the following spot trading pairs on April 21 at 16:00 (UTC): BNB/USDT, BNB/USD1, ENJ/USDT, GIGGLE/USDT, and ORDI/USDT. Additionally, Binance will simultaneously enable Trading Bot services for these trading pairs.
Bitget Super Pairs: Trade RAVE and ORDI to Unlock $30,000 in USDT
Bitget has launched a new edition of its Super Pairs campaign, ending on April 24. Users can unlock a specific number of mystery boxes by completing tasks such as placing their first futures trade, daily trading, and achieving cumulative trading volume targets. The mystery box prize pool includes trading credits and popular token airdrops, with up to 10 RAVE tokens available per draw. Additionally, all users ranked within the top 1,000 by trading volume—and whose cumulative trading volume reaches at least 10,000 USDT—will jointly unlock a shared prize pool of 20,000 USDT, with a maximum individual payout of 2,000 USDT. This prize pool requires trading in designated tokens. Full campaign rules are published on the Bitget official platform; users must click the “Join Now” button to register and participate.
BRC-20 Sector Tokens Experience Minor Pullback, SATS Down 5.3% in 1 Hour
According to Coingecko data, several tokens in the BRC-20 sector are still rising despite a minor pullback. The overall market cap of the sector has currently dropped to approximately $192 million, with a 2.7% decline in the past hour. Among them:MUBI is currently trading at $0.001196, down 6.2% in 1 hour;ORDI is currently trading at $7.11, down 3.0% in 1 hour;SATS is currently trading at $0.00000001901, down 5.3% in 1 hour;TURT is currently trading at $0.0002513, down 15.4% in 1 hour;1000SATS is currently trading at $0.00001899, down 3.8% in 1 hour.