6.11 Summary of Hot Information
1️⃣: Kraken Co-founder Discusses BRC20
Kraken CEO @arjunsethi discusses the impact of BRC20 on Bitcoin innovation. He points out that although BRC20 is not perfect, it opens up a new design space on Bitcoin, rapidly evolving tools like wallets and browsers, and lays the foundation for Runes; under Bitcoin's difficult-to-change structure, this new experimental method that requires no contracts and bridges represents Bitcoin's ongoing innovative vitality.
2️⃣: Stablecoin Tether Launches New Wallet Development Kit
$USDT CEO @paoloardoino announced the launch of the wallet development kit (WDK) developed by Tether. This kit is a self-custodial, open-source wallet infrastructure that uses P2P clusters for node synchronization and transaction broadcasting, and supports @buildonspark (Lightning Network), aiming to create a completely unstoppable and 100% configurable wallet experience.
3️⃣: Alkanes Metashrew 9.0.0 Coming Soon
OYL wallet CTO @judoflexchop announced that the "metashrew" of the Alkanes protocol is about to release version 9.0.0. This major update will significantly enhance the integrity of the Alkanes data layer, with more information to be released this week.
4️⃣: Alkanes Contract Controversy Sparks Debate
Some users questioned whether the Alkanes contract truly runs on the Bitcoin blockchain or if it is controlled by Oyl through its Sandshrew indexer. This sparked discussions about Alkanes smart contracts. Subsequently, various leaders clarified that all meta-protocols like Ordinals, Runes, and BRC20 operate this way.
5️⃣: Ordinals Wallet to Support Alkanes Protocol
@ordinalswallet hinted that its platform will soon support the Alkanes protocol. (Great, more platforms are supporting it)
6️⃣: ODIN Integrates OG Runes
The ODIN•FUN platform announced plans to integrate the first batch of OG rune token trading on June 18, requiring community liquidity support. (Currently, this platform is slowly being taken over by grassroots promotion)
7️⃣: Fierce Criticism of Bitcoin Layer 2 Stacks
A tweet harshly criticized Stacks, claiming it is not a true Bitcoin Layer 2, having raised $50 million in its 2017 ICO with questionable security, calling for its "accelerated disappearance," and tagging investor @BillAckman, implying his possible involvement in the project. This tweet sparked heated discussions among netizens.
8️⃣: $MIST Phase Two Progress
The game experience-based token $MIST @hathbanger posted a mysterious symbol expression equation and a 4.2% progress bar for the second phase.
9️⃣: RuneShot Launches
The rune cross-chain bridge @minelabs_ announced the launch of RuneShot, utilizing NEAR Protocol technology to provide instant token launches and gas-free transactions on Bitcoin, with initial tokens including $MINE and $DOG.
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That's all for now~
I got a bit delayed tonight, so the token prices haven't been updated.
#Bitcoin #Ordinals #Runes #BRC20
Yes, it’s true—I’ve been spending time on BRC-20.
Not for engagement. Not because it’s perfect. But because it opened up a design space on Bitcoin that hasn’t really existed until now—and that shift matters.
Here’s why:
– BRC-20 is stateless and non-Turing complete. It doesn’t rely on a virtual machine. It encodes intent in inscriptions and relies on off-chain indexers to recreate token state. Crude? Yes. But it works, and it fits Bitcoin’s model.
– It exposed real scaling and UX challenges. From bloated UTXO sets to inconsistent indexers, BRC-20 showed us what breaks under real usage. It also forced tooling—wallets, explorers, mempool visibility—to level up fast.
– Runes builds on that. Runes replaces the JSON hack with native on-chain logic. It uses UTXOs to encode token balance directly, minimizing bloat and improving auditability. But it likely wouldn’t exist without BRC-20’s chaos proving there was demand.
– This matters because Bitcoin is ossified. You can’t ship features at the base layer. That’s a feature, not a bug. But it means any new use case—tokens, DeFi, culture—has to work within hard constraints. That creates better engineering discipline.
– The new design space is permissionless, Bitcoin-native experimentation. No wrapped assets. No smart contracts. No bridging risk. Just new protocols built directly on top of Bitcoin’s UTXO model. That’s a big deal.
– And culturally, it matters too. Bitcoin has been viewed as “finished software” for years. This wave—BRC-20, Runes, Ordinals—is a reminder that innovation can still happen on Bitcoin, not just around it.
I’m not here to farm engagement. I’m here because watching Bitcoin evolve—without compromising its fundamentals—is technically fascinating.
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