BEL

Bitcoin
2026-08-07 12:12:56

Bitcoin’s BIP-110 heads toward activation despite miner support staying below 3%

Bitcoin Improvement Proposal 110 is nearing a key enforcement window even though public miner signaling remains below 3%, far short of the 55% level many market observers usually associate with a successful Bitcoin upgrade. Supporters say that framing misses the point because BIP-110 is structured as a user-activated soft fork rather than a miner referendum. The proposal would temporarily tighten Bitcoin’s consensus rules to make inscription methods tied to Ordinals and Runes impractical, a move backers say would reduce non-payment data on the chain and protect Bitcoin’s role as money. Critics argue the lack of miner support shows the proposal is effectively finished and maintain that Bitcoin’s fee market should decide how block space is used. If nodes running BIP-110 begin rejecting non-signaling blocks at block 961,632, the network could split into two branches, with the BIP-110 side likely starting with only a small share of total hash rate. Some bitcoin-only exchanges are planning temporary deposit and withdrawal pauses around the activation window, reflecting the risk that consensus may hinge on coordination across miners, exchanges, wallet providers, and users rather than on hash rate alone.

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Bitcoin’s BIP-110 heads toward activation despite miner support staying below 3%
Binance Spot
2026-08-06 03:30:17

Binance spot market swings sharply as VIC drops 22.83% and MMT climbs 14.25%

According to ChainCatcher, citing Binance spot market data, several tokens posted sharp moves over the past 24 hours. VIC recorded the steepest decline, falling 22.83%. HFT and PIVX also moved lower, down 13.56% and 12.62%, with all three described as showing a rise-and-fall pattern after earlier gains. On the upside, MMT advanced 14.25% and was described as rebounding after testing lower levels. FLNCB showed the same rebound pattern and gained 6.99%. BEL also touched a new weekly high, with a 24-hour increase of 7.48%. The move reflects broad volatility across Binance spot trading pairs rather than a one-sided market trend.

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Binance spot market swings sharply as VIC drops 22.83% and MMT climbs 14.25%