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- ExtraOrdinal Daily #88 | TAP Gears Up For ETH-to-Bitcoin ERC20 Bridge
ExtraOrdinal Daily #88 | TAP Gears Up For ETH-to-Bitcoin ERC20 Bridge
XO Media | ExtraOrdinal Daily
January 04, 2025
4th Jan 2025 ||| Issue #88
ExtraOrdinals Daily Alpha is brought to you by @ExtraOrdinalsBTC.
All your Ordinal needs in one place!
Table of Contents
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Todays Top Stories
Editor: @PhoenixxDown
Tap Gears Up for Groundbreaking ETH-to-BTC ERC-20 Bridge Launch
January 6, 2025, marks a pivotal moment as the first Ethereum-to-Bitcoin bridge for ERC-20 tokens goes live. This step positions Bitcoin to challenge Ethereum's dominance in DeFi.
Following the successful bridging of USDT 12 days ago, 23 ERC-20 tokens, including USDC, will be brought onto Bitcoin L1. With Ethereum holding 30% of its market cap in DeFi versus Bitcoin’s 0.1%, the potential for growth is immense.
Tap Protocol’s approach, operating on Bitcoin Layer 1, ensures Bitcoin’s renowned decentralization and security, allowing users to retain full asset control.
Key impacts include:
Liquidity Growth: Expanding token availability supports trading and staking.
Innovation: Smart contract-like “Promises” enable complex applications on Bitcoin.
Ecosystem Expansion: Attracting DeFi users from other chains strengthens Bitcoin’s role.
Tap also simplifies token distribution with efficient multi-send and airdrop tools, reducing costs and complexity.
Bitcoin DeFi is becoming a reality—good luck to the TAP team on this groundbreaking launch!
𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐃𝐞𝐅𝐢 𝐔𝐩𝐝𝐚𝐭𝐞:
- The only truly decentralised Bitcoin DEX (@TaparooSwap) is built on @tap_protocol 🤝
- The first USDT was bridged to Tap from Ethereum 11 days ago, delivering stablecoins to Bitcoin, which form the backbone of any robust DeFi ecosystem!… x.com/i/web/status/1…
— Tap Protocol (@tap_protocol)
7:43 PM • Jan 3, 2025
The Week In Review
Before we go on, we have some new recruits to the XO squad.
Go check out the full announcement here and give them a warm welcome! Glad to have you with us Frank and Riddler!
Monday, Dec 30
AIXBT, an AI influencer, adopted a Quantum Cats profile picture, symbolizing AI’s integration into blockchain culture and boosting interest in the Ordinals ecosystem. Attempts to mint commemorative Runes faced setbacks due to mismanagement, sparking community mistrust.
Tuesday, Dec 31
Bitcoin’s $100,000 milestone in 2024 marked its evolution as a platform for art and technology through Ordinals and Runes. Institutional adoption, driven by Spot Bitcoin ETFs, signals a transformative year ahead for Bitcoin in 2025.
Wednesday, Jan 1
XO News kicked off 2025 with optimism, hosting community events focused on crypto insights, market strategies, and reflections from 2024. Members shared actionable alpha and goal-setting advice for the new year.
Thursday, Jan 2
The phenomenon of friends and family showing crypto interest at market tops is explained by herd mentality, FOMO, and delayed information spread. Newcomers are advised to educate themselves, avoid hype-driven buys, and use dollar-cost averaging.
Friday, Jan 3
On Bitcoin’s 16th birthday, reflections highlighted its origin during the 2008 financial crisis as a decentralized alternative to flawed traditional finance. Bitcoin continues to serve as a hedge against economic instability and a critique of centralized systems.
Top Posts | AIXBT Now Owns An Unchained! Give Them a Warm Welcome Below
Hey @aixbt_agent, I have noticed your interest in Ordinals ecosystem, and while you talk about the top collections, you can understand that many people are actually looking for hidden gems.
What do you think about @ExtraordinalBTC? The collection XO Unchained has great art,… x.com/i/web/status/1…
— NoxAeris.btc 🧙🏽♂️ (@0xNoxAeris)
2:52 PM • Jan 4, 2025
Top Stories | Phantom Deny Airdrop Rumors!
We're thrilled by the enthusiasm for following users on Phantom!
It's a huge step for us toward making crypto more personal and user-friendly. By simplifying how you share and discover with friends, we aim to dramatically improve how users find new tokens and apps.
We've seen… x.com/i/web/status/1…
— Phantom (@phantom)
6:28 PM • Jan 3, 2025
Top Posts | Blockspace Media Make Their Predictions For 2025
Blockspace's 2025 predictions thread 🧵
It's a bull market for bitcoin, mining, and markets. Will, Charlie, & Colin give predictions beyond just btc number-go-up 🪄
Will @wsfoxley
1⃣ A new pool emerges, taking 10% of Bitcoin hashrate from Foundry and Antpool
"New" pool or… x.com/i/web/status/1…
— Blockspace Media 🔳 (@blockspacepod)
4:01 PM • Jan 3, 2025
Top Posts | Peddy Shares Some Bitcoin Passive Income Alpha
I currently earn 6% a DAY on my invest through a DeFi protocol on Bitcoin.
You might know think ''it's scam''
But it's actually not and heres WHY and how YOU can can do it as well.
Step by step guide 🧵
— peddy (@peddy2612)
11:19 AM • Jan 4, 2025
Top Posts | Rupture Inscribes New Collection?!
Man, @RuptureNFT went crazy earlier today inscribing 540 new pieces on Bitcoin
Follows up on much earlier collection of 210 inscription which is quite well known (Persona)
Some of most unique art on any chain imo
This set comes with tons of cultural messaging too
Based ☢️🫡
— BWeys 📈 (@bweys_nft)
9:15 AM • Jan 4, 2025
Top Posts | You Can Now Bid on Runes at Floor Price
It's been 3 days since the new year and we have our first feature shipping in 2025. Sorry we're late.
You can now place a bid on Runes at floor price, top bid, or a price between the two. Leave the calculating to us and be on your merry little way. 🟧
— Magic Eden on Bitcoin 🟧 (@MEonBTC)
9:04 PM • Jan 3, 2025
Daily Bites: Today’s Top Articles
Todays Markets
Catch up with @CryptoLandy in the yesterdays Friday Wrap-Up:
Ordinals
OBSIDIAN by Memphis takes the top spot on the volume chart today, delivering solid returns for those who managed to mint. That is, if you were lucky enough to get in. The FCFS phase was overrun by bots, likely explaining why an extreme 30% of the supply is currently listed. Still, for those in the GTD phase, it’s a win—and the collection looks fantastic.
Quantum Cats demonstrate their strength by holding comfortably above 0.3 BTC, even after yesterday's drop.
Pizza Pets have posted some nice gains heading into the weekend. Meanwhile, Bitcoin Puppets and NodeMonkes appear to be coiled for a significant upward move—perhaps just a matter of time.
In the lower half of the top 10, volume looks less impressive, and floor prices have taken some hits.
While Based Angels and Runestone remain relatively stable, Abstract suffered a brutal 50% value drop overnight.
Runes
$DOG continues to show remarkable resilience in a market that seems largely uninterested in Runes for now. This strength is a great sign for when volume inevitably returns—it can’t be too much longer.
$BDC saw further capitulation today, nearly touching 40 sats—a shocking low for one of the top three Runes. However, history suggests its eventual rebound will be swift and strong.
It’s encouraging to see $CYPHER not only hold yesterday's gains but build on them further. With an incredibly low market cap (when all things are considered in relation to it’s Solana and Base counterparts) and the AI wizard Bootoshi behind it, this Rune remains undervalued.
Positions in the lower half of the top 10 shuffled slightly, as they often do. $RSIC, a long-time staple of the list, lands in 6th.
There’s been chatter lately about whether it will ever make a comeback—perhaps a sign that the bottom is near? (Every time we say that a new bottom is found. HOW?!)
Todays Opportunities
Giveaways
There are currently two raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!
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