Bitcoin Just Processed More Transactions Than Ever Before

Bitcoin has blown its previous record for daily transactions, set during the 2017 bull run, out of the water.

Bitcoin just processed more transactions in a single day than at any point in its 14-year history — thanks to Ordinals.

The daily number of Bitcoin transactions surged beyond 568,300 on Sunday — nearly 78,000 more than its previous peak during the top of the 2017 bull run.

Over 307,000 of those transactions were Ordinals, the most on a single day ever and a 16% jump on the previous record set on Saturday, per a Dune dashboard.

That means Ordinals contributed around 54% of Bitcoin’s daily transactions at its all-time record.

Debuted in January,

Binance CEO “CZ”

Warns Justin Sun & Whales Over Misusing SUI Airdrop

Binance CEO "CZ" warns Justin Sun about taking action against him if he tries to misuse the Binance Launchpool's SUI airdrop.

Ordinals allow data such as audio, art or even video games, to be attached (or “inscribed”) to individual satoshis, BTC’s smallest unit.

The result is a unique digital asset in the same vein as an Ethereumbased NFT, for example. Although, the relevant data exists entirely on the Bitcoin blockchain, rather than hosted exter- nally, as is often the case.

More than 2.39 million Ordinals have been inscribed to date, per Glassnode, which said it has seen a “marked character shift” in Bitcoin mempools this year (Bitcoin mempools store unconfirmed bitcoin transactions).

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Binance CEO Changpeng “CZ” Zhao on Monday said crypto exchange Binance will take action against Tron founder Justin Sun if he tries to misuse the Binance Launchpool’s SUI airdrop starting today, May 1. The move came after Justin Sun dumped millions of TUSD stablecoins to Binance.

Justin Sun responded that he has no intention of participating in any exchange promotions and the TUSD transferred earlier were part of providing liquidity between leading TUSD exchanges.

Binance CEO in a tweet on May 1 revealed that the Binance team has warned Justin Sun over potential action against him if he uses TUSD transferred to Binance to grab the Launchpool SUI Token airdrop.

Binance CEO further added that the Binance Launchpool airdrops are for retail customers and not for him or any whales. He ended the tweet with a rough statement, saying “On the bright side, blockchains are transparent.” It meant that if Justin Sun tries to get SUI tokens from this sale of TUSD they will get to know through blockchain data.

Justin Sun replied that the primary reason behind depositing TUSD is to facilitate market-making between leading TUSD exchanges,

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