Todays Top Stories

Market Reacts to Fed Rate Cut

After Yesterdays rate cut, the market is showing bullish momentum. Bitcoin moves up over 5% and stock markets hit all times highs!

Alts have been moving nicely too, with memecoins unsurprisingly taking the lead on that front. Utility tokens and gaming have also enjoyed a wave of green since Powell’s speech.

So far, so good!

Magic Eden Allows Bidding on Runes

Starting today, Magic Eden will allow users to place and accept bids on the top 10 Runes, enhancing liquidity and making it easier to quickly enter or exit positions.

For those who have lost bargain buys due to slow block times, there's good news: bids are protected from sniping, so you won’t have to worry about that happening with this feature!

Additionally, Magic Eden has hinted that Swaps will be available soon. “Soon” truly can’t come soon enough!

Daily Alpha | Inside Singapore 2049

Crypto Carnival

Last night, builders, investors, and KOLs gathered in a festive mood at the incredible Marquee Nightclub in Singapore's Marina Bay area, in an event co-sponsored by the leading Ordinal marketplace, Magic Eden.

Today, the BTC ecosystem enjoyooors will come together at Runes 2049 to wrap up the main events tied to Token2049 Singapore.

Unchained Art | Todays Editors Pick

Daily Bites

Todays Markets

As highlighted in the main story, the current market health is characterized by big, beautiful green candles across most portfolios.

This chart from Rekt Capital may tell an interesting story for those who have been paying attention. Is history repeating itself?

Chart of the Day

^{by @CryptoLandy}

Ordinals

With the market showing more positive momentum, Ordinal projects are experiencing increases in both price and volume. After Puppets took the lead yesterday, they are now showing a slight and reasonable retracement. Bitmap continues to lead the DMT charge after a short burst of volume from Natcats earlier in the day.

However, the day belongs to Taproot Witches who minted out during the GTD phase. Price peaked a little over 0.01 BTC after selling out, dipping down to around 0.006, and is now appearing to hold steady at the 0.007 range.

Although prices may be slightly down, volume has skyrocketed by over 800%. This surge could be attributed to the buzz surrounding the imminent launch of the TAP protocol and the Blockrunners teasing their plans to build the Natrix on Bitmap, as summarized in this X post.

Runes

After an up-only day yesterday, the Runes market is still looking strong with most runes retaining their upswing. The only exception is Decentralized, which has lost yesterday's gains and more, dropping out of the top 5 altogether.

Interestingly, PUPS is showing the highest increase on the Runes front, despite being down the most on the Ordinal side. ME-ARE-OPNETARD takes its place taking the number 4 spot going in to the weekend.

Todays Opportunities

ExtraOrdinals Whitelisted mints this week

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

Current Giveaways

Currently, there are no active raffles ongoing. However, more giveaways are expected soon, so join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!