{"id":61688,"date":"2025-04-24T11:43:52","date_gmt":"2025-04-24T11:43:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61688"},"modified":"2025-04-24T11:43:52","modified_gmt":"2025-04-24T11:43:52","slug":"thorchain-releases-key-bitcoin-update-time-for-rune-crypto-to-shine","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61688","title":{"rendered":"THORChain Releases Key Bitcoin Update: Time for RUNE Crypto to Shine?"},"content":{"rendered":"

THORChain Bitcoin update cuts confirmations from 3 to 2, and may boost RUNE crypto. Will it spark a recovery after the January 2025 crash?<\/em><\/p>\n

When RUNE, the token that powers THORChain, began surging in early November, no one expected the rally to stall in mid-December. Later, the collapse in January 2025 came as a sucker punch. The sell-off was brutal, a dent to RUNE holders and THORChain.<\/span><\/p>\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

The RUNEUSDT Crash<\/span><\/strong><\/h2>\n

From November to December, RUNE rose nearly 60%. <\/span><\/p>\n

However, after peaking at around $7.465 in December, prices crashed below $4.275 and slid further to below $1 by early February.<\/span><\/p>\n\n

(RUNEUSDT<\/a>)<\/strong><\/p>\n

The result? An 85% drop from December highs and RUNE holders in panic. <\/span><\/p>\n

Many worried that a LUNA-style collapse was inevitable.<\/span><\/p>\n

It hasn\u2019t been the same for THORChain since. <\/span><\/p>\n

Although the team intervened by announcing the TCY airdrop, RUNEUSDT prices remain stagnant, moving sideways.<\/span><\/p>\n

Claiming @THORChain<\/a>‘s $TCY<\/a> will be smoother than butter <\/p>\n

Eligible wallets auto-detected
Banner shows if you can claim
See exactly which address qualifies
Tap, claim & auto-stake in @Thorwallet<\/a> \u2014 done in seconds$TCY<\/a> = @THORChain<\/a> Yield \u2192 10% of system revenue to\u2026 pic.twitter.com\/B36PsZPsxC<\/a><\/p>\n

\u2014 THORWallet (@Thorwallet) April 23, 2025<\/a><\/p>\n\n

On the RUNE daily chart, the local resistance is $1.70, with support at $0.96. A bull market is unlikely to form unless buyers step in aggressively and close above the liquidation line.<\/span><\/p>\n

The good news is that the broader crypto market recovery may catalyze demand. Additionally, the team is working to enhance its ecosystem and user experience.<\/span><\/p>\n

Will This THORChain Bitcoin Confirmation Update Boost Prices?<\/span><\/strong><\/h2>\n

Notably, THORChain is planning a game-changing update that may make RUNE one of the <\/span>best cryptos to buy in 2025<\/span><\/a>. <\/span><\/p>\n

Subject to validator approval, the platform aims to reduce Bitcoin confirmation requirements from three to two. <\/span><\/p>\n

This change could bring RUNE into the spotlight, as Bitcoin deposits on the DEX would process 33% faster, reducing latency.<\/span><\/p>\n

In a post on X, THORChain developers explained<\/a> that Bitcoin deposits currently require three confirmations, taking roughly 30 minutes. <\/span><\/p>\n

Reducing this to two confirmations would cut the time to approximately 20 minutes.<\/span><\/p>\n

The impact would be immediate. Not only would BTC swapping speeds increase, but the update would also reduce arbitrage opportunities and boost liquidity provision.<\/span><\/p>\n

Faster processing speeds give traders a competitive edge in the crypto market, where milliseconds can determine profits or losses. Thus, the 10-minute gain in capital efficiency is substantial for THORChain DEX users.<\/span><\/p>\n

From a liquidity provision perspective, trading volume will likely rise due to stronger liquidity loops, driving demand. <\/span><\/p>\n

Will Validators Support the Proposal?<\/span><\/strong><\/h2>\n

While the update is promising, safety concerns remain. <\/span><\/p>\n

The Bitcoin network typically processes a block every 10 minutes, and some consider six confirmations necessary for a transaction to be deemed safe and irreversible.<\/span><\/p>\n\n

THORChain developers argue that data supports reducing confirmations from three to two. Their findings suggest that the risk of blockchain reorganization is extremely rare, even with two confirmations. <\/span><\/p>\n

They further note that exchanges like Binance and Coinbase, where some of the <\/span>best Solana meme coins<\/span><\/a> are listed, operate with two confirmations and process billions in BTC without security issues.<\/span><\/p>\n

In the unlikely event of a reorganization, the THORChain governance system, Mimir, would immediately roll back transactions without compromising decentralization.<\/span><\/p>\n

The community is closely monitoring validator responses. Of the 110 validators, <\/span>74 must agree<\/span> for the proposal to pass.<\/span><\/p>\n\n

(Source<\/a>)<\/strong><\/p>\n

So far, 61 support the proposal, believing it will improve user experience and even boost prices.<\/span><\/p>\n

DISCOVER: <\/span><\/strong>Best New Cryptocurrencies to Invest in 2025 \u2013 Top New Crypto Coins<\/span><\/a><\/p>\n

\n

THORChain Bitcoin Update: Can RUNE Crypto Recover After Q1 2025 Crash?<\/h3>\n

THORChain developers want to reduce Bitcoin confirmations from 3 to 2, cutting deposit times by 33%<\/span>\u00a0<\/span> <\/p>\n

RUNEUSDT crashed in January 2025, falling below $1 in early February<\/span>\u00a0<\/span> <\/p>\n

With a 2-confirmation model, the DEX will follow major centralized exchanges like Binance and Coinbase<\/span>\u00a0<\/span> <\/p>\n

Will validators support this proposal? Only 74 votes are needed<\/span>\u00a0<\/span> <\/p><\/div>\n

The post THORChain Releases Key Bitcoin Update: Time for RUNE Crypto to Shine?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

THORChain Bitcoin update cuts confirmations from 3 to 2, and may boost RUNE crypto. Will it spark a recovery after the January 2025 crash? When RUNE, the token that powers THORChain, began surging in early November, no one expected the rally to stall in mid-December. Later, the collapse in January 2025 came as a sucker […]<\/p>\n","protected":false},"author":0,"featured_media":61689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61688"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61688"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61689"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}