Todays Top Stories

Editor: @PhoenixxDown

What Can Be Done To Combat “Brickers?”

The Rune ecosystem has faced ongoing challenges with "brick listings," where large token bundles hinder liquidity and momentum. As discussions around solutions heat up, MakeTokensFun of Product at Magic Eden, has been exploring with the community innovative strategies to address the issue.

One popular proposal is limiting the size of listings relative to the market cap. “The highest amount someone should be able to list should be a percentage of the market cap,” suggested Runetoshi, who offered an example ratio of 0.005%, or $1,000 in a $20M market. This approach could prevent large lots from dominating markets and stalling activity.

Another solution revolves around fractionalized trading. In this system, buyers could purchase shares of a token “brick,” with the bundle being split once its value is met. As Runetoshi noted, this approach would involve automatically relisting remaining portions, creating a more dynamic and accessible trading environment.

While these ideas show promise, there are technical challenges. “The UX is tricky since the lots you are listing are unconfirmed, and we don’t have any surfaces or UX for managing unconfirmed splits,” commented MakeTokensFun. Despite this, many see the potential benefits outweighing the hurdles.

Additionally, users have called for simpler mechanisms to delist multiple items at once, noting that manually managing dozens of listings is “a nightmare.” This feature is reportedly already in the works and looks like it will be set to go live soon.

Despite this, there are some such as Udi who believe the issue can be solved very quickly by bridging to Solana. Do you agree?

Top Stories | Scammers Are After Your Ordinals!

Scam airdrops targeting Bitcoin Ordinal holders are on the rise—an indicator that the market is heating up if I ever saw one. Xverse has issued a warning to users, advising them to avoid visiting websites linked in suspicious airdropped inscriptions or NFTs.

This tactic, frequently used by scammers to drain wallets, was highly prevalent during the ETH bull run of 2021–2022. The best practice? Hide or ignore any airdrops you’re unsure about. Even if an airdrop seems legitimate, exercise extreme caution and conduct thorough due diligence.

Top Stories | RTFKT Moves On To “Next Chapter”

RTFKT, the digital collectibles brand acquired by Nike in 2021, has officially announced its “next chapter” which is widely being interpreted as its closure. Known for high-value items like $10K digital sneakers and the Clone X NFT collection, RTFKT initially thrived with high-profile collaborations, including those with artist Takashi Murakami. However, the NFT market's decline, paired with a 44% drop in Clone X values, has forced the brand to wind down.

The closure has left holders frustrated, with some accusing RTFKT of "rugging" the community. Critics point to the high royalties the brand collected—over $100M in royalties and revenue—as creating inflated expectations for ongoing utility and development.

In contrast, proponents of Bitcoin Ordinals argue that such projects avoid the pitfalls of royalty-driven ecosystems entirely. Unlike Ethereum-based NFTs, which often depend on royalties to fund teams, Bitcoin Ordinals operate without royalties, reducing pressure on creators to constantly deliver new utility or maintain high levels of engagement. Instead, the value of Ordinals resides in their permanence and on-chain inscription.

With no expectation for ongoing development, as is often the case with Ordinals projects, buyers of Ordinals primarily rely on the cultural, historical, or artistic value of the asset.

Will we see Bitcoin Puppets or NodeMonkes lose all their value due to the kind of central point of failure that took down RTFKT? They might go to zero someday—but it won’t be because a Web2 corporation decided they ran out of fresh ideas!

Daily Bites

Todays Markets

Another Macro Monday update from @CryptoLandy

Ordinals

The top 5 Ordinal collections remain largely unchanged today, with minimal movement on either side. This stability is a welcome respite for many, given how quickly prices have been reacting to even minor turbulence in the broader market.

One noteworthy trend is the consistent performance of Based Angels, which regularly features in the top half of the top 10. Given its strong showing, often outperforming some of the more established blue-chip collections in terms of volume, one might wonder—are Based Angels undervalued at their current price?

In the bottom half of the rankings, there’s a wave of green. Pizza Ninjas and Bitcoin Frogs stand out, with floor price increases of 7.5% and 3%, respectively.

The sole exception to this upward trend is OMB, which saw just three buyers and experienced a 4.6% decline in floor price on the day.

Runes

The Rune market looks noticeably healthier today compared to yesterday. Both PUPS and BDC registered green days, fueled by renewed speculation that the Rune market has finally found its bottom.

A particularly notable transaction was a $70,000 brick of DOG purchased by a whale, which accounted for nearly 7% of the day’s total volume in a single trade.

Cypher Genesis v2 is set to drop today, so it will be interesting to see if this affects tomorrow’s metrics.

Meanwhile, the flavour of the day for Monday stumbled with a 36% decline as early minters took profits on Marx Fren Monke.

On the flip side, mid-cap Runes like GIZMO, BRO, and BIP posted solid gains, with BIP emerging as the day’s standout performer, surging by a massive 64.7% since yesterday’s update!

Finally, RSIC appears to have found a temporary floor, holding steady at just over 3 sats for now.

Todays Opportunities

Minting This Week

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

Giveaways

There are no raffles live currently, 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!