Bitcoin Price: US$ 65,634.05(-0.38%)
Ethereum Price: US$ 2,657.62 (-1.43%)
EigenLayer’s native EIGEN token is set to unlock, and derivative markets suggest a bullish debut that could push its fully diluted valuation over $6.7 billion. Early over-the-counter trades have priced the token around $3.50 ahead of its anticipated listing on major exchanges like Binance and Bitfinex. Meanwhile, a key Bitcoin volatility indicator is nearing its yearly low, possibly signalling an upward trend. Analysts have observed decreased exchange flows and rising short positions, which could lead to market volatility. In the UK, Olumide Osunkoya, the operator of unregistered crypto ATMs processing over £2.6 million in illegal transactions, pleaded guilty to fraud and money laundering. This marks the first prosecution under the country’s anti-money laundering regulations for crypto businesses.
Bitcoin faces uncertainty in reaching $100K by year-end, though analysts suggest it could still rise to $80K by December, with options traders betting on a price surge. Support from both US presidential candidates, along with easing global conditions, may further boost Bitcoin’s performance. Following a $3.8 million hack, Onyx gained community approval to shut down its Ethereum-based lending market and relaunch as Onyx Core to improve security and governance. Centralized exchanges saw a 984% increase in hack-related losses year-on-year, while DeFi losses dropped by 25%. The Zilliqa blockchain faced malfunctions twice in late September, halting block production, though a permanent fix is reportedly underway. Cosmos developers recently patched a critical bug in the Inter-Blockchain Communication protocol, preventing a $126 million exploit. A malicious crypto wallet app on Google Play also stole $70,000 using advanced techniques. Additionally, Ethereum co-founder Vitalik Buterin proposed a framework to measure project alignment with Ethereum’s values of open-source collaboration, decentralization, and neutrality.
Source: https://cointelegraph.com
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