In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal Reserve might hike the federal funds rate, given the persistent […]
As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction activity on the Bitcoin network. Ordinals’ Unprecedented Impact: 53% of Bitcoin’s Weekly […]