Todays Top Stories

Editor: @PhoenixxDown

Magic Eden Ship HUGE Runes Improvement!

The brickooors, the price manipulatooors, the lazy listoooors—they are all in complete shambles today!

Magic Eden has announced a long-awaited improvement to its Bitcoin Runes marketplace, addressing widespread concerns over large lot sizes that have clogged trading activity and discouraged smaller buyers.

That’s right, no longer will heathens be able to dump $35,000 lots on the floor of your favorite Bitcoin memecoin—praise be!

For as long as Runes have been live on Magic Eden, massive Runes lots—sometimes worth tens of thousands of dollars—have created barriers for smaller buyers.

These oversized listings disrupted market dynamics, halting upward momentum because it became too easy to manipulate the floor price by placing a large brick. This tactic stifled run-ups, as other sellers would see the massive lot size and instinctively undercut.

Additionally, back during the era when Runes projects often feuded with one another, wallets engaging in this behavior were sometimes linked to rival factions who were doing so to control the market.

What’s Changing?

To resolve these issues, Magic Eden is rolling out changes aimed at simplifying trading for both buyers and sellers.

The cornerstone of this initiative is the autosplitting of Runes, which is currently in development but should be live relatively soon. Once implemented, this feature will automatically break down large lots into smaller, more affordable sizes when listed, with no additional steps required from users.

In the interim, Magic Eden has introduced a temporary measure: sellers attempting to list Runes lots worth more than $1,000 will now be prompted to split their holdings into smaller portions before completing their listings.

This change brings several benefits to the Runes market:

• For buyers: Smaller lot sizes will make it easier for more people to enter the market at manageable price points.

• For sellers: Dividing large lots opens up listings to a much larger pool of potential buyers.

• For the market: Improved liquidity will enable smoother trading and more accurate price discovery.

The response to Magic Eden’s update has been overwhelmingly positive. Bitcoin memecoins KOL, @The0xJuan, was among those who praised the move:

While the autosplit system is still under development, the temporary solution has already begun addressing the frustrations traders have faced for months and an uptick in floor prices has been observed on the leading Runes.

Elizabeth Olsen, Head of Marketing at @MEonBTC, has also invited ongoing feedback from the community. If there are additional improvements or concerns, be sure to let them know—they’re listening!

Magic Eden on Bitcoin will be hosting an X Space later today, and no doubt this update will be the focal point of discussion. Set your reminders below:

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Daily Bites: Today’s Top Articles

Todays Markets

Catch up with Landy in yesterday’s Macro Monday:

Ordinals

We’re seeing some decent bounces on collections today after yesterday’s total disaster. Bitcoin Puppets and NodeMonkes lead the way, but Quantum Cats have outperformed them for gains when we zoom out and think on a multi-month time horizon.

Yesterday, we remarked on the emergence of Satgods into the top 5 and advised caution for reasons you can read in Issue #107. The tale has taken an interesting twist, however.

Whoever is controlling the Satgods X account has openly stated that the volume is wash trading—apparently to highlight that other collections follow this playbook.

I don’t know what’s going on, but I won’t lie—I’m interested where this leads next.

The bottom half, unlike yesterday, actually has something to remark on today. OMB dipped slightly, Runestone rose a little after the surge on $DOG following the Runes splitting update, and NatCats and Bitcoin Frogs both had a positive day too.

Bitcoin Frogs, in particular, is looking like a steal when you remember the ATH was close to half a Bitcoin at one point. Is this crazy talk? Or is this a great long-term value play?

Runes

Let’s not get ahead of ourselves—yesterday was so bad that the only way we could go was up. But up we went, with multiple double-digit % gains across half the top 10 and none in the negative!

$GIZMO has popped into 4th place, and at a $6.7 million market cap, this looks entirely mispriced (NFA.)

Let’s see how things go tomorrow and in the coming weeks, but the lot listing caps implemented by have had an immediate and great effect. Well done, Magic Eden!

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.