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The mining of the first block since the invention of Bitcoin Ordinals and the launch of the Rune protocol led to sky-high fees paid to miners for the first few blocks of the halving. The most valuable block in Bitcoin’s history, however, was the result of a mistake.
This is the fourth edition of a regular opinion column by The Block’s editor-in-chief on current events in the crypto space and other musings.Today’s topics include the bitcoin halving, the Mango Markets exploiter, Telegram, Tether and upcoming Hong Kong ETFs.
Grayscale’s Bitcoin Mini Trust, a new fund automatically formed from 10% of the Bitcoin held by GBTC, will charge a more competitive rate than its parent.
- 16:40U.S. December New York Fed 1-Year Inflation Expectations 3%, Previous 2.97%According to market news, the U.S. December New York Fed 1-year inflation is expected to be 3%, the previous value of 2.97%. U.S. December 3-year inflation expectation of 3%, the previous value of 2.6%. U.S. December 5-year inflation is expected to be 2.7%, the previous value of 2.9%.
- 16:39Investment firm Capital Group has become one of Metaplanet's largest shareholdersGold Finance reports that Capital Group, a Los Angeles-based investment firm with more than $2.3 trillion in assets under management, has become one of the largest shareholders in Metaplanet. Metaplanet, which is based in Japan, has been in the spotlight over the last year for building a Bitcoin (BTC) reserve modeled after Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 Bitcoins, making it the fifteenth largest publicly traded company in the world to hold Bitcoin.
- 16:39OPINION: Many AI coins will go to zero in the future, but some protocols will become cornerstones of the on-chain economyGold Finance reports that crypto KOL Ansem said on social media that “there have been many unlimited APR farms that ended up going to zero, and there will be many AI coins that will experience the same fate in the future, but there are some protocols that will become the cornerstone of the on-chain economy in the next year, just like Aave, Uniswap, and Chainlink did a few years ago did.”