ChainCatcher message, according to the official announcement, OKX has announced that it is upgrading the Fractal Bitcoin network services. Currently, the BRC20/NFT services on the OKX Web3 wallet for the Fractal Bitcoin network are temporarily unavailable. Users can use the services again after the upgrade maintenance is completed.

ChainCatcher message, according to data from mempool.space, Bitcoin network transaction fees have surged, with high priority reaching 681 Sat/byte.

ChainCatcher message, mempool.space data shows that Bitcoin network transaction fees have soared to over 400 satoshis/byte, with medium priority currently reported at 430 satoshis/byte and high priority at 610 satoshis/byte. The reason is that Ordinals founder Casey has deployed a new rune MEMENTO•MORI, which will start minting at block height 868186, with a total of 100 million runes, reserving 50%.

ChainCatcher news, according to official sources, Fractal Bitcoin has announced that the Fractal version of ord has been released, along with the source code (a variant of the Bitcoin mainnet ord). This implementation aims to assist developers in building specifically for Ordinals on Fractal, with all changes taking effect at block height 21000.It is reported that the main modifications of the Fractal version of ord compared to the Bitcoin mainnet are: the ordinal activation is set at block height 21000. The rune activation is set at block height 84000, and the ticket name has been adjusted from AZ on the Bitcoin mainnet to az on Fractal. The sats index has been adjusted to reflect the difference in total supply between Fractal and Bitcoin.All changes will take effect at block height 21000.

ChainCatcher news, according to official information, the OKX Web3 wallet has integrated with the Fractal Bitcoin network on September 9, 2024. Users can manage their Fractal Bitcoin assets using the app, plugin wallet, and web wallet asset dashboard.

ChainCatcher news, according to a post by HODL15 Capital on the X platform, the Bitcoin network's hash rate reached 717 EH/s, and the latest data has reached 760 EH/s, possibly setting a new historical high.

ChainCatcher message, since the beginning of 2024, Bitcoin transaction fees have shown a pattern of volatility, with significant spikes occurring around major events. The most notable surge happened in April, related to the Bitcoin halving event. During this period, transaction fees briefly soared to over 1,200 BTC, highlighting the increased demand on the network during this critical time. After the halving, fees tended to stabilize but remained relatively subdued, even as Bitcoin's price approached $60,000. This contrasts sharply with previous years, where fee spikes often reflected rapid price increases or network congestion.For instance, during the bull markets of 2017 and 2021, transaction fees surged alongside Bitcoin's price, reflecting intense activity and congestion on the network. The current trend is that, despite significant price fluctuations, fees remain low, indicating a mature network where transaction processing may be more efficient. As 2024 progresses, observing whether this decoupling of fees and Bitcoin prices persists can provide deeper insights into the evolving market trends and user behaviors within the ecosystem.

ChainCatcher news, according to monitoring by IntoTheBlock, as the market stabilized after last week's decline, Bitcoin network transaction fees have fallen to a new annual low for the third consecutive week.

ChainCatcher news, according to News.bitcoin, Web3 developer Quicknode's Vice President of Products Josh Neuroth stated that ZK Rollups provide tangible benefits in transaction throughput and data confidentiality, making these L2 solutions more of a foundational technology rather than a fleeting trend. Furthermore, as the technology behind these L2 solutions matures, more projects are adopting them, and the Web3 space may witness lasting improvements in blockchain performance and user experience.Meanwhile, Neuroth expressed his agreement with Bitcoin extremist David Sorey's view that ZK Rollups are a missing piece in the Bitcoin network's scalability and privacy. He explained that ZK Rollups ultimately "help Bitcoin overcome its current limitations and compete with other blockchain networks that offer advanced features."

ChainCatcher message, Mempool data shows that the Bitcoin network transaction fee is currently 4 satoshis/byte, with all three priority levels being 4 satoshis/byte, approximately 0.37 USD.

ChainCatcher news, according to data from The Block, despite the recent market downturn, the number of new addresses on the Bitcoin network has reached its highest level in two months. The 7-day moving average (7DMA) recorded over 317,000 new addresses on July 5, while the 7DMA new addresses at the beginning of last week were only 263,000, marking a significant week-over-week increase of 20%.Meanwhile, the seven-day moving average of Bitcoin's average transaction fee has dropped to a low of $1.75. Analysts say this discrepancy highlights an interesting dynamic within the Bitcoin network, where, although new participants are joining, it does not necessarily mean higher transaction fees or increased on-chain activity at this time.

ChainCatcher news, data tracked by Coinwarz shows that on June 5, the Bitcoin network hash rate decreased from 83.6 TH/s to 79.50 TH/s, reaching levels seen in March, which is one month before the halving event in April.CryptoQuant research director Julio Moreno stated, "At that time, the Bitcoin network hash rate was down by 7.8%, which is comparable to the situation after the FTX collapse in December 2022. Miners' profitability has been hit, with daily revenue dropping from $78 million before the halving to currently $26 million."Moreno added, "Since early May, as mining difficulty has decreased, some miners have shut down their equipment to cope with declining profitability."

ChainCatcher message, Etherscan data shows that the current Ethereum network Gas fee has dropped to 2 gwei. In addition, mempool.space data shows that the current Bitcoin network transaction fee has dropped to 6 sat/byte, with both medium and high priority currently reported at 6 sat/byte.

ChainCatcher message, according to data from mempool.space, the Bitcoin network transaction fees have dropped to 6 satoshis/byte, with medium/high priority currently reported at 7 satoshis/byte.

ChainCatcher message, IntoTheBlock data shows that the proportion of active addresses on the Bitcoin network has dropped to a low of 1.22%, below the record set in November 2010. In addition, the total number of active wallets has also reached a multi-year low, with 614,770 weekly active addresses recorded on May 27, the lowest since December 2018.

ChainCatcher message, according to data from mempool.space, Bitcoin network transaction fees have dropped, with high priority currently reported at 9 Sat/byte.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform that the Bitcoin network processed 172,628,942 transactions in the past year.

ChainCatcher message, mempool.space data shows that the Bitcoin network transaction fees have now dropped to 12 satoshis/byte, with medium/high priority currently reported at 13 satoshis/byte.