Todays Top Stories

Editor: @PhoenixxDown

Market Quiet, XO Busy

News in Ordinals may be slow today, but rather than lament how we’re all once again waiting for that much-needed Santa Rally, let’s take this opportunity to spotlight what XO’s have been up to lately—and if you’re not already in The Inner Circle, it’s time to ask yourself, “Why not?”

Indeed, XO stays busy, always. For the sadomasochists among us, of which there are many, don’t worry—the market analysis for Runes at the foot of this newsletter will provide all the doom and gloom you crave!

On Monday, XO Co-Founder, Nox, put out an interest check for Ruyui, to which holders reacted overwhelmingly positively after viewing the pitch deck. In light of this, XO received 70 spots, which got swept up promptly.

What made XO’s rush for this? Simply put, Ruyui represents a new frontier in creativity and technology, blending the timeless art of animation with the cutting-edge possibilities of Web3. The project’s pitch deck showcased not just ambition, but a clear, actionable vision for a deeply immersive universe that appeals to both traditional audiences and the digitally native.

Ruyui’s team, comprised of seasoned animators and game developers, brings a unique blend of Eastern and Western influences to the table, promising a distinctive artistic style and engaging gameplay. Pair that with a launch on @AbstractChain, which offers a solid infrastructure for digital ownership and interaction, and it’s easy to see why the project has garnered such excitement.

Naturally, XO holders were thrilled about the presale, which explains why those 70 spots sold out almost instantly!

We are Bitcoin aficionados first and foremost, but we’re not maxis—perish the thought. We go where the opportunities are, embracing our identity as a multi-chain, versatile band of champions.

Our Unchained collection is currently sitting at an 0.000339 BTC floor ($35), which will give you full access to the Inner Circle and all the opportunities that come with being an XO, such as the aforementioned Ruyui presale.

The XO Discord is always buzzing with activity, even during wider down periods like the one we’re experiencing now—something that not all communities can boast of.

If you’re looking for a home during these quieter times, consider joining us. Or better yet, with Christmas fast approaching, gifting a homie an Unchained would be the gift that keeps on giving and giving and giving.

Check out Unchained on Magic Eden here.

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Daily Bites: Today’s Top Articles

Todays Markets

Catch-up with @CryptoLandy in the most recent Macro Monday:

Ordinals

It’s been a while since we’ve seen a mint generate as much volume and buzz as Fukuhedrons did last week. While that was undoubtedly positive, some wondered how long it would take for another exciting launch to come along.

Turns out, not long at all. Yesterday, Sleepyheads minted out quickly—breaking Magic Eden in the process, which is always a bullish sign—and has already clocked 14.11 BTC in volume in less than 24 hours. Currently, they’re sitting at around a 10x return for minters, though they peaked at a staggering 33x last night. Congrats if you hit this!

In 5th place, we see Collective Fragments, another absolute win for anyone who managed to mint when Runetoshi dropped the link on Sunday night. It’s refreshing to see new collections receiving attention and not being sold into oblivion instantly. Perhaps the tides really are turning.

Yokai Avengers, an OG collection, makes a surprise appearance in the top 10 today—its first since we began publishing. Yokai has proven to be a very solid long-term store of value for believers, boasting a 5x increase in floor price over the year. When coupled with Bitcoin’s significant rise, this investment becomes a perfect leveraged bet on Bitcoin for those who made it.

Everything else in the top 10 remains relatively stable, with the usual ups and downs.

Runes

The top 5 continue to bleed, with the exception of $BDC, which may have already suffered enough. Yesterday, the order book was hit by a massive sell wall of 1.6 million BDC, fueling further calls for Magic Eden to expedite countermeasures against malicious actors manipulating floors in this way.

At this point, only true believers of Runes remain, but even their conviction has been thoroughly tested over the past few weeks.

The bottom half of the top 10 looks a bit healthier, with $CYPHER, $SENPAI, and $BRO all posting gains since yesterday.

As we highlighted for Ordinals yesterday, the lack of volume in the bottom half is telling. For instance, $LOBO secured the 10th spot today with just 0.107 BTC in sales. This starkly illustrates the current state of the market: nothing will change until we see a meaningful uptick in volume.

Todays Opportunities

Giveaways

Join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!