“We saw the same in January after the approval of the Bitcoin ETF, which took 19% off its price in the following two weeks before there was a spectacular reversal,” he said. "My sense is individuals are capturing a quick 30% price increase that occurred in less than 24 hours," Shuttleworth said in a direct message on X. Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of copyright, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now. StarkWare demonstrated potential OP_CAT capabilities on Bitcoin's Signet testing environment. The project showcased zero-knowledge proofs on Bitcoin, hinting at Ethereum-like smart contract functionality. OP_CAT, a proposed Bitcoin upgrade, aims to enhance programmability but still requires consensus for adoption. StarkWare supports OP_CAT for its potential benefits to the Bitcoin and broader blockchain ecosystem. Recommended Reading.

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