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Bitcoin is coming to MetaMask
Ethereum's premier wallet has its mask off moment.
10 January 2024 · Block Height 878617 · Bitcoin Price $93K
Happy Friday, and welcome back to the Blockspace newsletter!
Ethereum’s most popular wallet will soon be integrating Bitcoin and its universe of layer 2s and metaprotocols. Is this the beginning of a cycle-defining vibe shift, or simply MetaMask reacting to a trend that has been long in the making?
Bitcoin is coming to MetaMask
Ethereum’s most popular browser wallet is bending the knee to King BTC.
Per a Consensys job posting, the MetaMask team is searching for a product manager to oversee a Bitcoin integration for the wallet. MetaMask, which is owned by Ethereum incubation company Consensys, rose to pre-eminence in the DeFi summer of 2020 as the go-to wallet to store Ethereum tokens and interoperate with DeFi exchanges like Uniswap. It is arguably the most popular Ethereum wallet available with a self-reported 30 million monthly active userbase.
At one point in the not-so-distant past, it would have been laughable to suggest that the wallet would integrate Bitcoin. Well, goodbye to all that.
“MetaMask is expanding beyond Ethereum,” the job posting reads. “You will be responsible for the end-to-end Bitcoin experience: onboarding users to Bitcoin accounts (SegWit, Taproot, etc), supporting different types of transactions, enabling dapps to connect to MetaMask, and connecting with hardware wallets.”
The posting continues to say that experience working with “Bitcoin wallets and dapps … [the] Lightning network, runes, ordinals, BRC-20s, layer-2 networks like Stacks, Rootstock, and Spiderchain” would be a bonus.
Read the rest of the article here.
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Bitcoin news
Bitcoin ETFs experienced outflows of $585 million on Tuesday as markets across the board declined. However, the previous 2 days had inflows of +$987m & +$908m, respectively. Tuesday’s outflow saw cumulative ETF holdings down to $106 billion USD from the December 16, 2024 high of $120.7 billion.
New custodian Anchorwatch launched Trident Vault, a custody product that can insure up to $100 million in bitcoin per customer. Anchorwatch is one of the first custodians utilizing miniscript, an improvement over most custodial solutions which use older multisig implementations.
ZK rollup company Alpen Labs completed another raise, featuring heavyweight angels such as Wences Casares, Hasu, and Jeremy Rubin. DBA and cyber·Fund and DBA crypto co-led the round. Alpen launched its Strata devnet this past fall.
No stranger to launching crypto projects, Trump finally releases his 119 piece “Trump Bitcoin Digital Trading Cards” this week. Users with at least 100 of Trump’s previous “Mugshot Collection” are whitelisted to mint the new series on MagicEden. Prior to the announcement, the previous collection had done barely over $300k in cumulative volume, about 1/100th of the average volume of the other top 5 ordinals collections.
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