Cathie Wood’s Company Accidentally Owns $15,000 Bitcoin Puppet
Arkham’s latest update revealed a fascinating twist involving the investment management firm’s inadvertent ownership of a Bitcoin Puppet valued at $15,000. The Bitcoin Puppet in question found its way into a custody wallet associated with their ARKB ETF, sparking curiosity about its origins.
The Origin Story of the Bitcoin Puppet
- The Puppet’s history traces back to January 4th, when it was inscribed by bc1psg and subsequently transferred through two related Ordinals wallets.
- On February 5th, a Quantum Cat was minted by wallet bc1pcw, inadvertently using the Puppet’s inscribed satoshis as payment.
- The Puppet then passed through several wallets associated with Wintermute, Coinbase, and Flow Traders before ending up in ARK Invest’s custody wallet.
- Additionally, ARK has received multiple Ordinals airdrops from the Puppet community.
The Rise of Bitcoin Ordinals and NFT Collectibles
- In the past year, Bitcoin Ordinals have surged in popularity within the digital collectible space, even capturing the interest of financial powerhouse Franklin Templeton.
- The company recently commented that Ordinals are catalyzing a ‘Renaissance’ in Bitcoin activity.
- Bitcoin Puppets, along with other notable collections like NodeMonkes, Runestone, Ordinal Maxi Biz, and Bitmap, have also started to assert their dominance in the NFT arena.
- This trend reflected a growing recognition of Bitcoin’s versatility beyond its conventional function as a digital currency.
Binance Bids Adieu to Bitcoin NFT Marketplace
- Despite the growing popularity of Bitcoin NFTs, crypto exchange giant Binance announced plans to wind down its Bitcoin NFT marketplace, which was launched less than a year ago.
- The company stated that the decision was part of “ongoing efforts to streamline product offerings on the Binance NFT Marketplace.”
Hot Take: The Crypto NFT Landscape Continues to Evolve
The world of crypto collectibles and NFTs is constantly evolving, with new trends and developments shaping the industry. As investors and enthusiasts, staying informed about these changes is crucial to understanding the market dynamics and potential opportunities that may arise.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.