BASE centralization, RUNES explode BTC tx fees, the next great DEX = Telegram??

Gm sers,

State of the Market: Bitcoin halving succeeds, but Runes clogged the blockchain.

Okay, Bitcoin, we see you 👀. After that whole halving thing, it's actually showing signs of life. Spot Bitcoin ETFs saw some action before the halving, which means investors are getting curious again. Now the big question is: will those altcoins finally wake up and follow Bitcoin's lead?

But wait, there's more! Turns out, the halving wasn't all doom and gloom. Remember that "Runes" protocol that was launched? Well, it's causing a ruckus on the Bitcoin blockchain, with record-high transaction fees and miners raking in the dough. Guess everyone wants a piece of those new "sh*tcoins." 💩🪙

Who knows where things will go from here, but it ain't boring, that's for sure!

Chart of the day.

Bitcoin Miners Revenue Per Day.

Turns out, that Runes protocol is making the Bitcoin halving look like a minor inconvenience.  Miners are rolling in dough thanks to sky-high transaction fees–all because folks can't get enough of those new "sh*tcoins" the protocol brought to Bitcoin.

-Most important news of the day 

The IRS is cracking down, and they've got a fancy new form called the 1099-DA to track all those "unhosted wallet" transactions. Basically, if you're moving your crypto around on your own (you know, like how it's supposed to be decentralized and all), the tax man wants a piece of the action.  Get ready for more paperwork and potential headaches.  Thanks a lot, Uncle Sam. 🙄

Get ready, because Telegram wants to be the ultimate crypto playground! They're talking about letting you buy crypto, create those wacky NFTs, and even get their own USDT stablecoin...all within the messaging app. 🤯

Oof, things are getting spicy over at ZKasino, that so-called "decentralized gambling platform."  Investors are raging because a whopping $33 million got sent to Lido instead of being used for, you know, actual payouts like they were promised. 🤬

The devs claim it's all a big misunderstanding, but investors aren't buying it.  They're screaming "rug pull!" louder than a slot machine hitting the jackpot. Get the popcorn ready, folks, this crypto drama is just getting started! 🍿

Our daily pick:  Base, or Coinbase's attempt to make Ethereum kinda affordable 🤔

Okay, so it’s time to talk about Base ecosystem. It's a layer-2 solution built on Ethereum, designed to fix that whole "Ethereum is ridiculously expensive" problem 💸. Despite being born inside Coinbase (a centralized exchange 🙄), they promise Base will become truly decentralized over time...we'll see about that 👀.

Base’s superpowers 🤩

Ethereum, but cheaper: Base transactions are supposed to be faster and way less expensive than dealing directly with Ethereum. This could actually make things like DeFi and NFTs usable for normal people, imagine that! 🤯

Devs rejoice: Base plays nice with Ethereum's tech, meaning devs can easily port their stuff over without a major headache 💻.

Coinbase connection: Since Base is baked into Coinbase, it's easy for newbies (and Coinbase addicts 😉) to jump in and start experimenting.

Lower gas fees: Perfect for experimenting with DeFi, NFTs, and other crazy crypto stuff without going broke 💰.

Faster transactions: No more waiting forever for your NFT to mint 🐌💨.

Okay, but how does this thing actually work?

Think of Base as a middleman that bundles up transactions and dumps them onto Ethereum for final approval 📦. This makes things faster and cheaper for everyone. They've got some fancy "fraud proof" system in the works, too, just in case things get shady 🕵️‍♀️.

Base's Big Ambitions 🚀

Their ultimate goal is to become part of a sprawling network of interconnected layer-2s, forming some kind of Ethereum super-system 💪. Basically, different layer-2s would handle different stuff, and they'd all talk to each other. It's a cool idea, but we'll see if they can pull it off.

What's already happening on Base?

A bunch of projects are already setting up shop on Base, including some big names like Aave, Uniswap, and OpenSea. Plus, with all the money flowing into layer-2s lately, Base's value has been skyrocketing 🚀. Stay connected to know more about Base’s gang.

Base is an ambitious ecosystem with the potential to make a real dent in Ethereum's scaling problems. But, it's still early days, and there's a lot of competition out there. Currently, Base unlocking time has been one of the user’s issues 🔒. Only time will tell if it lives up to the hype!