So Many JPEGs! 
Well, we've passed 100K inscriptions on Bitcoin. Like it or not, they've taken the space by storm.
📝 Today's Rundown
  • 🚀 100,000 Inscriptions: The Ordinals protocol has hit its next milestone.
  • 📲 New Zion App: Zion has announced a new app version and $6M fundraise.
  • 🙈 Decoupling Denial: Bitcoin is the riskiest of all risk allocations. 
A Bitcoin 2023 Treasure Hunt
Each week leading up to April 2023, a single-use unique code in the format of "BMDAILY50[X]" (with [X] being varying bitcoin terms) will appear in a random daily newsletter hidden within the content. The code will get the lucky winner 50% off tickets to the Bitcoin 2023 Conference in Miami, happening May 18-20.
  • Fiat payments only
  • Applicable to GA Pass only
  • Limited time offer
Be sure to check the daily newsletters as soon as you receive them to try and win! 
Learn More
🚀 100,000 Inscriptions

Bitcoin NFTs Protocol Ordinals Surpasses 100,000 Inscriptions
By BtcCasey                       

Using the Ordinals protocol, Bitcoiners have now inscribed over 100,000 pieces of data, including images, audio files and PDFs, directly onto the Bitcoin blockchain.

The platform, which allows for NFTs on Bitcoin has been rapidly adopted by a wide range of users, including artists and businesses, and has seen an increase in usage recently due to the growing popularity of NFTs.

One of the projects has sold for as much as 9.5 BTC or approximately $215,000 at the time of writing.
Read The Full Article

📲 New Zion App

Web5 App Zion Launches New Version, Raises $6M In Funding Round
By BtcCasey

Miami-based startup Zion has launched a new version of its app, which provides access to the Web5 decentralized social network and raised $6 million in a funding round led by XBTO Humla Ventures, bringing its valuation to $53 million.

The Zion protocol is designed to allow creators to own their communities while users have control over their online identity, and is based on Jack Dorsey’s Block’s Web5 standards and the Bitcoin Lightning Network.

Its features include a decentralized identifier system, decentralized web nodes, and a Bitcoin Lightning wallet. Zion has served over 3,000 creators, while processing over 120,000 transactions between creators and fans using Lightning.
Read Full Article
Get Your Tickets Here!

📰 The Daily Bits
🪐 Check out Cosmic Bitcoin with CK, Spencer Nichols and Luke Broyles! 
 
⏱️ Every Bitcoiner should seriously consider the time they spend educating those around them about the technology.

💎 While Bitcoin certainly isn’t here to enable the elite class, their adoption is likely to come much quicker by encouragement from their own.
Learn More

🙈 Decoupling Denial

Bitcoin's Correlation To Risk Assets
By Sam Rule

Bitcoin Magazine PRO analyst Sam Rule Examines the short-term versus long-term behavior of Bitcoin and how it trades in the market compared to its long-term thesis.

He looks at correlations and returns across Bitcoin and other asset classes, and notes that Bitcoin has acted as the riskiest of all risk allocations and a liquidity sponge.

However, he notes that he expects this dynamic to change as understanding and adoption of Bitcoin accelerate. Until then, Bitcoin's risk-on correlations remain the dominant market force in the short-term and are key to understanding its potential trajectory over the next few months.
Read Full Article

MEME OF THE DAY 

By @_AustinHerbert

Bitcoin is back baby. Or at least, the price is. Are inscriptions to blame? Or is the energy just bullish? 

We'll take it, either way.

Have a great Thursday,
@BtcCasey

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