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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
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The craze for inscription runes has subsided, and Bitcoin's on-chain volume has fallen to an 18-month low.
On June 20, TheBlock reported that as the craze for inscriptions and runes subsides, Bitcoin network transaction activity has fallen to its lowest level in 18 months, with the 7-day average transaction volume dropping to 316,000 last week, a 50% slump from the mid-2024 peak of 700,000 transactions. The average transaction fee remains below $1.50, indicating a return to normalcy in block space competition. The speculative frenzy around Bitcoin-native protocols like Runes and Ordinals, which brought Ethereum-style token functionality and NFT inscriptions to Bitcoin, has gradually faded from mainstream view as traders shift to other blockchain ecosystems with higher native support.