Bitfinity Weekly: In the Mempool
Welcome to Issue #153 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
Magic Slingshot: NFT marketplace Magic Eden announced the acquisition of DeFi trading app Slingshot in a move to diversify itself as a comprehensive, multi-chain crypto platform. The Magic Eden team confirmed on X that Bitcoin DeFi will be available soon, presumably via the Slingshot mobile apps. Magic Eden currently supports Ordinals, rare sats, and Runes within the Bitcoin ecosystem.
Raccoon Mode: Sats Terminal, a Bitcoin DeFi aggregation protocol, successfully raised $1.7M in a pre-seed round led by Coinbase Ventures and Draper Associates. Sats Terminal currently provides Bitcoin staking as well as liquidity aggregation and algorithym-based order splitting. Sats Terminal also announced a new developer mascot this week, Ricky the Raccoon.
Pool's Open: Mempool v3.2.0 has been released. The open source project's latest update includes support for anchor outputs, a new UTXO bubble chart on address pages, tags to identify transaction-asset types (such as inscriptions and runestone messages), Taproot multisig labels, address poisoning detection and more.
Bitcoin Patronage: Notable NFT collector and digital art patron Cozomo de' Medici donated a full set of Ordinal Maxi Biz (OMB) pieces to the Toledo Museum. The 9 piece set will be part of the museum's permanent collection. OMB is an early Ordinals collection that is notable for inscribing on early sats, and have been auctioned off at prestigious venues like Christie's in the past.
Global Crypto News
Free at Least: Ethereum developer Virgil Griffith is finally released from his three year incarceration following a 2019 trip to North Korea. Griffith was arrested after giving a presentation at a blockchain conference in Pyongyang, under allegations that he had "provided highly technical information" to evade U.S. sanctions. Griffith remains on parole and still faces severe work restrictions.
New Paths: Ripple, the company behind cryptocurrency $XRP, acquired prime brokerage Hidden Road for $1.25B. The blockchain technology firm aims to use the Hidden Road platform to serve institutional clients on a larger scale. The acquisition marks one of the largest deals in the web3 space to date.
Release the Cards: Kraken exchange is working with Mastercard to issue debit cards for crypto users in the U.K. and Europe. This initiative is a part of Kraken Pay, which debuted earlier this year, and facilitates cross-border payments in over 300 countries and 150+ million merchants. The Kraken debit cards will be available as both physical and digitals, allowing customers to use crypto and stablecoins in every day transactions.
In the IC
What's Underneath: ICP continues to make waves as a leader in regulatory compliance as well as technological capabilities. Swiss Subnet leverages the Internet Computer Protocol to allow organizations to utilize decentralization and blockchain technologies while adhering to privacy and legal requirements. Swiss Subnet comprises of 13 nodes located entirely in Switzerland and Liechtenstein.
Birthday Invitations: The World Computer Summit will be held in Zurich, Switzerland on ICP's 4th anniversary, June 3rd. The event gathers industry leaders and community members for a day of panels, discussions and other events. From AI to Web3, register to attend one of the biggest ICP celebrations of the year.
We Should Talk: Curious about ICP's trailblazing technology stack? The newest episode of World Computer Tech Talks features Manu Drijvers, a cryptographer at the DFINITY Foundation. Learn about interoperable cross-chain smart contracts, native Bitcoin integrations happening on ICP, decentralized front-ends for any blockchain, and much more.
This Week in our Blog
Discover the transformative fusion of AI and DeFi in DeFAI, setting new standards for automated trading, risk management, and yield optimization.
Hans
Tweet of the Week
MCP servers are essential for building agentic applications on Bitfinity.
— Bitfinity Network (@bitfinitynet) April 7, 2025
Here’s how it works: 👇 pic.twitter.com/kx5nWgfmqP
Meme Time
A Matter of Opinion
In a recent BitcoinNews.com podcast, Jack Dorsey, the former Twitter (now X) CEO and a prominent tech figure, shared his thoughts on Bitcoin’s future. He argued that Bitcoin must move beyond its reputation as a digital “store of value”—akin to gold—and become a currency people can use in their daily lives.
What Dorsey said in the podcast highlights both a tension and a common misconception of what Bitcoin is, even in the crypto space. Dorsey’s words suggests that without transactional usability, Bitcoin’s relevance to everyday life could stall, seemingly advocating that Bitcoin should be used as a currency.
Infamous Bitcoin bull Michael Saylor however, disagrees. Although this DeFiLlama article seems to suggest that Saylor is against using Bitcoin as anything but a store-of-value, it couldn't be further from the truth. Saylor has repeatedly described Bitcoin as "not a currency, it's capital". It seems that a great deal of people, even within crypto, tend to forget that capital is used to build things, not simply function as vehicles or methods of leverage for wealth.
The nascent but sprawling landscape of the Bitcoin ecosystem is rife with novel ideas. Not all of these new ideas and projects will survive, of course, but it is undeniable the amount of human capital that is being utilized in Bitcoin. From developers to community builders, despite technological and cultural hurdles, people worldwide are testing new ways to use Bitcoin beyond mere currency or a store-of-value. For example, right here at Bitfinity, we have been constantly working to innovate and improve the usability of Bitcoin for years, and we urge you to join us to expand what is possible on the blockchain.
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