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TLDR Crypto

BITCOIN FEES SPIKE TO 2-YEAR HIGH AS ORDINALS BONANZA GIVES WINDFALL PROFIT TO BTC MINERS

Bitcoin transaction fees hit their highest levels since April 2021 in response to the increasing popularity of Ordinals. The surge in transaction fees derived from Ordinals benefits Bitcoin miners who are earning nearly $63 million daily from these fees, marking almost four times the two-year average. Consequently, stocks for Bitcoin mining companies like Marathon Digital, Riot Platform, and Cleanspark outperformed Bitcoin prices in December.

METAPLEX INSCRIPTIONS AND ENGRAVINGS

Metaplex has announced a new standard for fully on-chain and immutable digital assets on Solana called Metaplex Inscriptions and Engravings. Unlike other NFTs on Solana, which often store their data on external services, these inscriptions allow metadata and media to be stored fully on Solana. This standard could increase both security and composability, allowing for the creation of Solana's first truly immutable NFTs. Both programs are now available on devnet.

MILKYWAY ROLLS OUT CELESTIA LIQUID STAKING PROTOCOL ON OSMOSIS

MilkyWay has rolled out the first liquid staking protocol for the Celestia network, featuring milkTIA tokens representing staked TIA positions. This offers users a more capital-efficient alternative to traditional staking options. The protocol uses smart contracts on Osmosis and is managed by a consortium of seven operators, ensuring security for staked assets. This development follows Celestia's mainnet launch in the Cosmos ecosystem, which has seen TIA's value increase by approximately 400% since October.

9 THINGS THAT EXCITE US IN WEB3 IN 2024 BY SPARTAN GROUP

This post outlines Spartan Group’s predictions for 2024 for the crypto industry, with significant advancements expected in areas like web3 games, Bitcoin blockchain and consumer apps, and artificial intelligence's intersection with blockchains. The emergence of more robust and complex web3 games could attract millions of new users. Meanwhile, more sophisticated web3 interfaces and autonomous on-chain agents are predicted to enhance user experience and efficiency. Furthermore, the tokenization of real-world assets and progress in blockchain-based scientific contributions are also anticipated.

MULTIPLE CONCURRENT LEADERS IN SOLANA

This post goes over the idea of Multiple Concurrent Leaders in Solana. With two or more leadership nodes, transaction latency and over-extraction can potentially be reduced, benefiting transaction processing time and costs. The concept of MCL has additional implications, such as fee and time priority execution, resource usage balance, network forking, and so on. The aim of MCL adoption would be to optimize Solana's network performance and reduce vulnerabilities to manipulative actions.

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