Bitfinity Weekly: Block by Block
Welcome to Issue #150 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.
What's in Today's Email?
- Bitcoin Bytes
- Global Crypto News
- In the IC
- This Week in our Blog
- Tweet of the Week
- Meme Time
- A Matter of Opinion
Bitcoin Bytes
Listen & Learn: It's no secret BTCFi is going mainstream! John from Bitfinity Network spoke on the NuWaves space on Wednesday along with speakers from Portal to Bitcoin and Tower. You can catch up on the recording here.
It's Ordver: Casey Rodamor revealed details of the upcoming ORD 1.0, the final, stable version of the Ordinals Protocol. According to Rodarmor, the creator of the Ordinals protocol and Runes, ORD 1.0 will include adaptive updates such as Agent mode, which could allow for the eventual possibility of Runes AMMs on Bitcoin L1. Agents will leverage 'interactive transaction construction" to allow market makers to trustlessly add liquidity to Runes AMM pools.
First is First: Bitcoin metaprotocol layer Oylnet saw a flurry of activity this week as a community member launched a minting website for Oylnet tokens, called Alkanes. Some joked about 'bullish FUD' as a community-launched Alkanes token underwent a smart contract exploit within hours of the site launch, proving that programmable tokens are currently live on Bitcoin L1 via Oylnet.
Block by Block: Bitoshi Blockamoto, the creator behind the bitmap theory, released a formal document titled the Bitoshi Rulset aiming to provide a unified standard for object mapping commands. The Ruleset's goal is to unify Bitmap development under the widest range of possibilities. Blockamoto is also asking for community contributors for the soon-to-be-launched bitmap.land website.
Global Crypto News
Centralization Risks: Crypto.com, as the largest validator in the Cronos network, has cast its vote in a controversial proposal to mint 70 billion CRO tokens to undo a 2021 burn of the same amount. Many retail CRO holders took to CT (CryptoTwitter) and Reddit to voice their disappointment of Crypto.com, which controls roughly 75% of total voting power.
Flock Together: Canary Capital filed an S-1 form on Thursday seeking SEC approval for a PENGU ETF, which would create a fund that holds both the Pudgy Penguin NFTs and their official meme token, PENGU. If approved, this would be the first ETF to include an NFT collection as part of its holdings. PENGU is a Solana-based coin while the Pudgy Penguins NFT collection is based on Ethereum. Igloo, Pudgy Penguin's parent company, also has their own Ethereum L2 chain.
Pump It Up: Solana-based memecoin launchpad PumpFun debuted PumpSwap, their own native DEX. The new decentralized exchange is a direct rival to Raydium, which was the protocol PumpFun memecoins migrated to after reaching a minimum value threshold. The team said that the PumpSwap DEX is designed to improve the migration experience for coins that complete their bonding curve, as well as create the possibility of sharing revenue with creators.
In the IC
All Star Atlas: The DFINITY Foundation has achieved the Atlas Milestone with ICP. This is the second milestone of ICP Ninja, which introduces multiple AI-focused features, such as the ability to bootstrap projects with AI by leveraging the Caddeine platform. Developers will also be able to better utilize templates and access community projects to make building on ICP even better.
Buidl Mode: Ready to become an ICP Ninja? Registration for the ICP Ninja Hackathon is now open and free to apply! Submission deadline is March 29th and you will have the opportunity to get insights and feedback from notable web3 builders. More than 350 developers and 81 teams are already participating!
Release Note: OISY Wallet's latest update is now live. Release v1.3.2 feature fun touches like animated sprinkles alongside serious UX improvements, such as expanded in-wallet conversions, detailed swap route information display, and more. The $NAK token is also now available for swaps directly in the OISY wallet.
This Week in our Blog
In this deep dive we take a peek under the hood of the Bitfinity EVM and what makes it so powerful. Curious about how both onchain and off-chain components work to power Bitfinity? We got you covered:
Fred
Tweet of the Week
How Bitfinity brings EVM languages to Bitcoin.⚡ pic.twitter.com/nxYUjE8Wvy
— Bitfinity Network (@bitfinitynet) March 20, 2025
Meme Time
A Matter of Opinion
The Solana Foundation released a video ad this week that was met with considerable controversy from the crypto community on X. It was up for less than a day before being deleted. In the brief time it was up, it garnered over 1.4 million views and was lambasted for being cringe, divisive, and offensive to people across the entire political spectrum--a bizarre and unfortunate accomplishment. Even Anatoly Yakovenko, Solana's co-founder, seemed to distance himself from the ad immediately upon its release.
The ad itself showed a young man (representing America) speaking to his therapist, undergoing therapy for "rational thinking syndrome". The exchange between the two characters went on drolly until the man stood up to declare that he wanted to "invent technologies, not gender".
Although the ad seemed to pander to conservative values, it was refreshing to see the broader community reaction. Even those with self-professed right-leaning beliefs found the ad to be in poor taste. "Crypto is about creating neutral platforms, not pushing political agendas... whatever your personal beliefs may be," said a dev working in the Ethereum Foundation (name removed by request).
Indeed, that seems to be the resonating unified attitude. While people are involved in crypto and web3 for various reasons, the overwhelming commonality is in our desire to create a fairer world with open opportunities for all, regardless of borders, religion, race, belief, gender, or politics. Let's hope it stays this way.
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