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[Weekly Crypto] 2024.04.22

1️⃣ The Bitcoin network completes the fourth-ever ‘halving’ of rewards to miners

The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25.

2️⃣ Bitcoin fees crash after record daily average of $128 on halving day

The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore.

3️⃣ What the Bitcoin Halving Means for Ordinals and BRC-20 Tokens

Increased scarcity for Bitcoin after the halving, paired with demand for Runes tokens, could shake up the Ordinals space.

4️⃣ Bitcoin miners upgrade power centers and get into AI to brace for slashed revenue post halving

Bitcoin miners have spent years diversifying their business models and upgrading their facilitates to brace for the cut to revenues.

5️⃣ Hong Kong investment firm Victory Securities reveals Bitcoin and Ether ETF fees

Despite the Hong Kong SFC not yet publishing an approved list of issuers, Victory Securities has disclosed its fees for Bitcoin and Ethereum ETFs.

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