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Memecoin Mania Sent Bitcoin Fees Soaring During the ‘Halving’
The fear of missing out on the latest breed of memecoins helped to briefly temper the potential blow of a Bitcoin software update to the companies that make money by ensuring that the digital currency functions smoothly and securely. Transaction fees jumped to $82 million as users rushed Saturday to mint the speculative tokens on Bitcoin, according to crypto-mining researcher TheMinerMag. The process is enabled by the Rune protocol, through which people can create their own fungible tokens. Similar digital assets issued on other blockchains including Ethereum and Solana, such as Dogwifhat’s WIF and Bonk, have been ... (full story)