Cryptocurrency
Unlocking Bitcoin’s Potential: Introducing Merlin Chain, a Native L2 Solution

[PRESS RELEASE – NewYork, United States, January 31st, 2024]
This week, the much-anticipated Bitcoin L2 solution Merlin Chain went live on its testnet, while its mainnet is scheduled to be launching within a month as well.
Bitcoin’s Network Congestion Dilemma and Scaling Solutions
The evolution of Ordinals over the past year has brought the attention back to the Bitcoin ecosystem after a long period. While enhancing the excitement of the bitcoin ecosystem, it has also increased the exhaustion of network resources. The increasingly high cost of transactions, coupled with the rising price of Bitcoin itself, has added further congestion to the network and discouraged new users from becoming interested in Bitcoin.
(Bitcoin Daily Average Transaction Fee $: YCharts)
The idea of developing an EVM-compatible L2 network has been recognized as the one that would deliver the results first due to the simpleness of its implementation path.
Merlin Chain is also one of the EVM-compatible L2 chains, being developed by Bitmap Tech (formerly Recursiverse) , the team that built BRC-420 protocols and Bitmap.game, and is highly valued by the community due to the team’s past successes.
BRC-420
The BRC-420 protocol supports the combination/recursion of any file format to form a more complex inscription. Whether it’s a character image, a game script, a virtual machine or an AI model, it can become an asset on Bitcoin.
Its core asset, the Blue Box, has risen from an inscription cost of $0.15 to an ATH floor price of $26,000, and other assets such as Mineral and This Song About NFTs are among the most actively traded assets on the OKX market. It now has 1000+ developers and 600+ collections, and has been an excellent performer even during the bear market, the price only going up and never falling.
Bitmap.Game
Bitmap.Game is a fully on-chain, fully decentralized, fair-launch metaverse project. It is based on the Digital Matter Theory that underlies Bitcoin, and is open-sourced so that it can be run or verified by any client, reflecting the concept of “client agnosticism” in fully onchain games.
During this time, Bitmap’s market capitalization has risen from $3 million to a ATH of $290 million. With more than 30,000 holders, Bitmap has surpassed the Sandbox as the metaverse asset with the highest number of holders across all blockchains.
Unlocking Bitcoin’s Potential Through Innovative Magic
Merlin Chain believes that L2 of Bitcoin should not just be about transferring money inexpensively, or just about being able to have the DApps, but should be about further innovating to unlock the potential of Bitcoin through its native assets, users and protocols.
For example, as Bitmap is a completely decentralized asset, how to make games based on it, so that Bitmap users can enter various meta-universes at a low cost; or for the DeFi protocols based on BRC-420, how to give two-way empowerment to NFT and FT; and for minting inscriptions, how to mint L1 assets on L2 in a more cost-effective and flexible way. Only these “Bitcoin-native” innovations can continue to empower the ecosystem, rather than replicating the way Ethereum works.
So far, Merlin Chain has built a powerful DApp ecosystem, the liquidity concerns have been effectively addressed, and is planning for further expansion.
Leveraging ZK-Rollup for Efficient and Secure Scaling
The diverse ecosystem and assets also imply higher throughput requirements and some safety risks. To solve this problem, Merlin Chain has adopted ZK-Rollup which enables the compression of a large number of transaction proofs into a simple check-sum to improve transaction efficiency and scalability.
The sequencer nodes on Merlin Chain are responsible for collecting and batching transactions, generating compressed transaction data, ZK state roots, and proofs via zkEVM. The compressed transaction data and ZK Proofs are then uploaded via the decentralized Oracle network to the taproot on Bitcoin L1, which is available to the entire network to ensure transparency and security.
The decentralized Oracle network nodes will be required to stake $BTC to prevent improper activities. Users can initiate challenges to the ZK-Rollup based on compressed data, ZK state roots, and ZK Proof. Successful challenges result in a rollback to the last verified state, and the forfeiture of the Oracle node’s locked $BTC, ensuring the system’s security and trustworthiness.
Through the integration of these technologies, Merlin Chain has shown its superior technical capabilities and is on track to build an efficient, secure, and native Bitcoin L2 solution.
Native Integration – Merlin Chain’s Bitcoin-Centric Approach
Compared to other Bitcoin L2s that are making attempts at the moment, one of the key features of Merlin Chain is that it is “Bitcoin Native”.
As a strong believer in Bitcoin for many years, Merlin Chain is extremely committed to the development of the Bitcoin ecosystem, and seeks to bring more users and assets to Bitcoin through their work, rather than serving other ecosystems in the name of Bitcoin. As such, Merlin Chain places a high value on the native bitcoin nature of its ecosystem’s projects and users.
Merlin Chain supports bitcoin-native wallets. Empowered by the Particle Network’s account abstraction, users can use their bitcoin wallets to seamlessly switch between L1 and L2 . Users can also experience $BTC swaps with other tokens, such as stablecoins, at any time without having to switch to an EVM wallet.
In addition, Merlin Chain will support most of the major protocols on Bitcoin L1, including, but not limited to, BRC-20, Bitmap, BRC-420, Atomicals, SRC20, and Pipe. All inscriptions on L1 will be automatically whitelisted by Merlin Chain, allowing users to safely and affordably trade on it.
In line with its pursuit of “Bitcoin Native”, Merlin Chain plans to adopt BRC-20 as its governance token. This makes a lot more sense than other Bitcoin L2s that are currently using Ethereum standard tokens as governance tokens. The token will be released through a fair launch, with the exception of a small portion that will be distributed to VCs and the team, which will be given a 48-month release period that will not start within two years, demonstrating the team’s and investors’ confidence in Merlin Chain.
Bridging the Gap – Simplifying Bitcoin Adoption and Fuel Growth
Another tricky issue for the builders in the Bitcoin ecosystem is the lack of new users and new money coming in. While the Ordinals things have continued to be on fire, the number of active address has not seen significant growth. It is just the same group of people involved in different projects. A very fundamental reason for this is the complexity of Bitcoin. As well as the need to download a Bitcoin wallet, inscribing is also not very easy to understand, and users will need to spend at least two blocks of their time inscribing, as well as three blocks of their time for confirmation, which is complicated and time-consuming.
(Daily Active Bitcoin Address: Glassnode)
Merlin Chain will solve this problem. Currently, Merlin Chain has been connected to 40 Ethereum chains, so for those users who are not familiar with Bitcoin, they can use their familiar wallets, such as MetaMask, and their familiar assets, such as stablecoins, $ETH, $BNB, etc. to interact on Merlin Chain. Users don’t need to know the principles behind Bitcoin, or even what BRC-20 and Atomicals are, before they can experience Bitcoin in its native manner in their familiar way.
For this purpose, Merlin Chain is going to integrate the first multi-chain inscription DApp, which will allow users to inscribe assets on other layers, including Bitcoin L1, on Merlin Chain. It will only take one block to wait for. At the same time, a launchpad will also be available on Merlin Chain, with a mechanism that allows every inscription launched on it to be valued at 100,000 FDV, allowing more users to easily purchase assets such as the BRC-20/ BRC-420/ Atomicals/ Runes at a very low price. Additionally, as part of its commitment to decentralization, Merlin Chain is going to release most of its governance tokens to the community.
Users can stay tuned for the upcoming mainnet launch – the future of Bitcoin is about to unfold with Merlin Chain at the helm.
About Merlin Chain
Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. Merlin Chain is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chainis a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.
Users can start following Merlin Chain’s Twitter for more updates.
Contact
Jeff
Merlin Chain
bitmap@bitmap.tech
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Cryptocurrency
XRP Price Outlook: XRP Headed For $5 but Some Analysts Think BTC Bull Token Might Pump More

XRP is rallying again, and some traders believe it could continue to rise to $5.
However, the new BTC Bull Token project is also gaining momentum in its presale – with one top analyst predicting it could deliver even bigger returns than XRP this year.
XRP Rebounds as Expert Predicts $5 Could Finally Be in Reach
XRP’s jump back to $2.30 has drawn plenty of attention, but what’s interesting is how the rebound started.
After dipping to the crucial $2 support level, the token reacted aggressively.
It bounced off support for the third time since February 3 and is now among the top five most-traded cryptos globally, thanks to retail traders jumping back in after seeing the token’s bullishness.
Popular analyst Ali Martinez thinks this momentum could carry XRP a lot higher.
He recently pointed out on X (Twitter) that XRP’s price chart had formed a head-and-shoulders pattern – usually bad news.
But Martinez claimed that if XRP avoids dipping below that pattern’s neckline and instead breaks above the right shoulder (around $2.90), it could trigger a more extended rally.
And that move might propel XRP towards $5 for the first time.
Legal Wins, Institutional Interest, and Whales – Why XRP Could Keep Climbing
While XRP’s technicals are starting to look promising, there might be even more positivity ahead, especially considering the bullish factors accumulating behind the scenes.
First, according to experts, XRP’s long legal battle with the SEC could finally be resolved by mid-April.
If Ripple wins, that alone could send XRP soaring by removing the uncertainty that has hung over the project for years.
But it’s not just about the legal drama – big money could soon be pouring in, too.
Institutional investors seem increasingly confident with Ripple, which is now licensed to expand XRP payments across the Middle East and Southeast Asia.
The success of spot BTC ETFs last year showed us just how explosive institutional inflows can be, and that sort of money could flow XRP’s way if it gets the green light.
Whale activity also indicates that XRP might be gearing up for another big move.
Transactions exceeding $1 million have risen in recent weeks, suggesting that whales are preparing for more upside.
This sets the stage for a rally to $5 like Ali Martinez predicted.
BTC Bull Token Gains Momentum in Presale – Could This Bitcoin Rewards Coin Outpace XRP?
While XRP’s bullish outlook is exciting, another coin is catching crypto traders’ attention this week.
BTC Bull Token isn’t your typical meme coin; it’s designed to benefit from Bitcoin’s momentum by rewarding holders every step of the way.
Think of it as a way to cheer Bitcoin on without holding BTC.
When Bitcoin reaches key milestones (like $150,000), BTCBULL’s team distributes Bitcoin rewards, giving the community passive exposure.
They’ll also burn some of the BTCBULL supply every time Bitcoin rises by $25,000.
And if Bitcoin reaches the $250,000 mark, a massive 10% of BTCBULL’s supply will drop directly into holders’ wallets.
Several top influencers have already backed the project, and analysts like Crypto Scholar believe BTCBULL might have a bright future.
He even suggested the coin could pump once it’s live on exchanges.
Crypto Scholar is adamant that Bitcoin will hit $250,000 this year, and if it does, it’ll be great news for the BTC Bull Token community.
Right now, BTCBULL is still in presale and has raised $3.5 million in early funding.
Interested investors can secure BTCBULL tokens at a discount using crypto, a bank card, or through the Best Wallet mobile app.
So, even though XRP might be on its way to $5, BTC Bull Token might have all the ingredients to pump more.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Crypto Market Faces More Trouble as Traders See Few Signs of Recovery

There has been a significant decline in crypto-wide trading volume following its peak on February 27th. Back then, traders were optimistically purchasing tokens as prices dipped.
However, in the two weeks that followed, market cap declines have contributed to a noticeable shift in trader sentiment.
Exhaustion, Hopelessness, And Capitulation
According to Santiment’s analysis, this shift can be characterized by exhaustion, hopelessness, and capitulation. The drop in trading volume has continued, even amid brief price recoveries such as the one observed on Wednesday.
This declining volume suggests a growing sense of caution among traders, indicating that many remain unconvinced that recent upward price movements will sustain. This lack of confidence is reflective of uncertainty, with fewer investors willing to buy at current levels due to concerns about potential losses.
Additionally, declining trading volume during minor price rebounds can serve as an early warning of weakening market momentum. Without significant buying interest to support price gains, any recovery may prove temporary, leaving prices vulnerable to another downturn. While falling volume during brief rebounds is not inherently bearish, it does reflect hesitation from both retail and institutional traders.
If both groups hold back, waiting for the other to re-enter the market and boost prices, this indecision may lead to stagnation with a slight downward bias.
For a stronger and more sustainable recovery, Santiment said that traders typically look for rising prices accompanied by increased trading volume. Until this occurs, prevailing market sentiment is expected to remain cautious, and hesitant investor behavior will likely dominate crypto trading patterns in the short term.
Stablecoin Activity Surges
On a positive note, the total amount of tokens transferred for all stablecoins is surging, which points to a potential accumulation by large investors. Historically, such spikes occur during consolidation phases rather than price declines. Such a trend could mean that major investors are likely absorbing market shocks through over-the-counter (OTC) transactions.
Increased active addresses further indicate increased network activity. With extreme fear sentiment dominating, this accumulation may point to a potential recovery phase. Once accumulation stabilizes, a futures market rebound is expected. Given the current “subdued” sentiment, any rise in futures prices is unlikely to overheat, but a short squeeze could accelerate recovery significantly.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Ourbit Distributes 85% of $BITCH Memecoin to Community Alongside SuperCEX Debut with DEX Integration

[PRESS RELEASE – Singapore, Singapore, March 13th, 2025]
Ourbit, one of the fastest-growing memecoin-focused exchanges of 2024, today announced the launch of Phase 3 of its $BITCH memecoin airdrop campaign. With Phase 1 continuing through March 31 and Phase 2 now completed, Ourbit is allocating 85% of the token’s 1 billion supply directly to community members through this multi-phase airdrop. This airdrop campaign coincides with Ourbit’s debut of the world’s first “SuperCEX,” a hybrid trading model that integrates DEX capabilities with centralized exchange functionality, poised to transcend the boundaries of CeFi and DeFi and reshape how crypto assets are traded.
Prophetic Listings Meets Degen DNA: The Memecoin SuperCEX
While traditional centralized exchanges have kept memecoins at arm’s length, Ourbit has consistently embraced them as a true cultural phenomena that drive expressions of community identity and crypto-native culture. The platform has established itself as a leading hub for memecoin trading because of its comprehensive selection of memecoin trading pairs, industry-leading memecoin liquidity, and its strategic approach – listing tokens like $SPX (up 96x), $VIRTUAL (up 56x), $KOMA (up 49x), and $ACT (up 46x) before their rise.
$BITCH: 85% to the Community, 100% to Degen Energy
From Ourbit’s perspective, memecoins are not simply speculative assets. With $BITCH, Ourbit is acknowledging the central role that memecoins play in onboarding new users to crypto and driving trading volume across the ecosystem. The $BITCH ticker represents the evolution of Ourbit’s beloved iconic “Queen” mascot – the fierce, commanding female figure who has become synonymous with the platform’s degen-first approach to crypto trading. While some centralized exchanges might remain detached observers of memecoin culture, Ourbit understands the unique psychology and motivations of degen traders.
[https://www.youtube.com/watch?v=u-cnFxSQkhI]
With the total supply of $BITCH being 1 billion, Ourbit is distributing 85% of $BITCH total supply to the community, demonstrating its maximum degen energy. $BITCH represents more than just a token—it serves as a cultural symbol that acknowledges and engages the degen community, which has played a key role in Ourbit’s expansion. This strategic move further solidifies Ourbit’s ambition in forging a new breed of exchange, for the next generation of degen traders.
3-Phase Airdrop: The Ultimate Degen Reward System
The $BITCH airdrop mechanics retroactively reward Ourbit’s early users while incentivizing new user acquisition and high-frequency trading activity for its DEX platform:
Phase 1: February 26th – March 31st, 2025 (ACTIVE)
- Retroactive airdrops for Ourbit’s early supporters and users
- Existing Ourbit users can visit Ourbit’s dedicated airdrop page at www.ourbit.com/activity/airdrop to check for eligibility for Phase 1 airdrops
Phase 2: March 3rd – March 10th, 2025 (COMPLETED)
- Invite & Earn – Users can complete daily tasks and invite others to sign up on Ourbit DEX to accumulate points, with $BITCH distribution determined based on the points earned.
Phase 3: March 13th, 12PM EST (March 14th, 4PM UTC) until all mystery boxes are distributed
- Invite & Trade – Mystery box fragments can be obtained through Futures trading, DEX trading, or inviting others to join. These fragments can be used to open mystery boxes, which may contain $BITCH rewards.
- Crypto enthusiasts and traders interested in participating in the $BITCH Airdrop Phase 3 can visit www.ourbit.com/activity/airdrop to register for Ourbit’s DEX platform
Redefining Centralized Exchange (CEX) Architecture
Ourbit isn’t stopping with the memecoin launch. The siloed nature of CeFi and DeFi has been a significant barrier to mainstream adoption. Today’s traders shouldn’t have to choose between the speed of centralized platforms and the sovereignty of decentralized protocols. Ourbit has engineered a solution to one of crypto’s most persistent pain points. Its SuperCEX hybrid model is the industry’s first true integration of decentralized exchange (DEX) capabilities into a centralized platform. Ourbit has created the ultimate hassle-free trading experience where it handles all the complexity, so users can focus solely on capitalizing on opportunities.
SuperCEX: Trading Everything On One App
Ourbit’s SuperCEX delivers seamless access to both on-chain and off-chain assets through a single interface, fundamentally transforming how traders discover and access new assets:
- No more juggling multiple wallets, exchanges, or Telegram trading bots
- AI-curated trading feed for high-potential on-chain asset discovery
- Real-time data and smart money tracking
*Currently, Ourbit’s DEX product is in the beta testing phase and only the website version is available, users can expect more upgrades and the app version to be on the way.
With Ourbit – The Future of Trading Is Hybrid
Ourbit is launching more than just a token and a new feature. By combining the $BITCH memecoin with the SuperCEX model, Ourbit creates a practical solution for traders who want access to all types of crypto opportunities in one place. The SuperCEX approach breaks down the walls between centralized and decentralized systems, giving traders what they actually need: maximum degen trading potential unlocked with institutional-grade trading tools.
About OURBIT
Ourbit is the world’s 1st SuperCEX integrating CEX and DEX in one platform, allowing users to trade all on-chain and off-chain assets in just one app. Ourbit delivers the most comprehensive memecoin trading pairs, industry-leading memecoin liquidity, and prophetic listing strategy with a proven track record of identifying explosive gems before other exchanges ($SPX 96X, $VIRTUAL 56X, $KOMA 49X since listed on Ourbit). Founded by ex-founding teams of top-tier exchanges with authentic roots in memecoin ecosystems, Ourbit has earned official endorsements from memecoin projects such as Retardio, HarryPotterObamaSonic10Inu and more. With its $BITCH memecoin launch in 2025 Q1, Ourbit SuperCEX combines institutional expertise with degen DNA to empower traders in pursuit of “meme-ionaire” dreams.
Website: https://www.ourbit.com/
X: https://x.com/Ourbit_Official
Telegram: https://t.me/Ourbitglobal
YouTube: https://www.youtube.com/@ourbitexchange
Contact: marketing@ourbit.com
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy2 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions