Bitcoin Price: US$ 66,624.40 (-1.14%)
Ethereum Price: US$ 2,524.61 (-3.74%)
Tesla maintained its $184 million in Bitcoin holdings through Q3 2024, marking five consecutive quarters without selling, despite crypto market volatility and rumours about wallet movements, which were debunked by financial disclosures. At the same time, North Korean hackers from the Lazarus Group exploited a zero-day vulnerability in Google’s Chrome via a fake NFT game, stealing wallet credentials and adding to their infamous record. Meanwhile, American bankers slightly favour Trump for the presidency but expect Kamala Harris to win, leaving uncertainty about the future of cryptocurrency regulation given both candidates’ ambiguous positions.
At the TechNet Indo-Pacific conference, Aerospike CTO Theresa Melvin claimed that China is a decade ahead of the U.S. in quantum technology due to its research focus, though experts argue that U.S. private sector companies lead in areas like quantum computing, casting doubt on her assertion. Meanwhile, the Lazarus Group continues exploiting cryptocurrency vulnerabilities, with Chinese trader Yicong Wang allegedly laundering over $17 million for the group, which has increasingly relied on social engineering schemes to target crypto firms. In crypto markets, Bitcoin’s price dipped to one-week lows on Oct. 23, but analysts remain optimistic as bullish technical indicators, like the MACD, suggest potential rallies similar to those before Bitcoin’s 2021 all-time highs, with macroeconomic events, including the U.S. presidential election and the Federal Reserve’s next meeting, seen as crucial drivers of price movements for Bitcoin and Ether.
RedStone has launched its data-validation service on EigenLayer, becoming the first major oracle provider to integrate with Ethereum’s restaking protocol, aiming to enhance cryptoeconomic security as decentralised finance grows, with its oracles securing nearly $3.5 billion across over 50 blockchain networks. Despite rising retail and institutional demand for Bitcoin, its price remains stagnant below $67,000, having fallen over 1.5%, with institutions now holding about 20% of U.S. Bitcoin ETFs, though their small allocations may limit short-term price appreciation. Bitcoin ETF inflows turned negative after a week of gains, indicating that Bitcoin needs to close above $66,400 for a potential bullish breakout. Meanwhile, Chainlink has partnered with Swift to launch a blockchain payment solution for financial institutions, facilitating digital asset settlements while maintaining institutional privacy through their new Blockchain Privacy Manager.
An on-chain investigation revealed that North Korean agents may have contributed to the Cosmos ecosystem’s Liquid Staking Module, sparking concerns about hidden vulnerabilities and prompting the community to push for security audits and a phased removal of the LSM to mitigate risks. Meanwhile, Bitcoin ETFs saw a $79 million outflow after a two-week bull run, as institutional demand remains high but inflows turned net negative on October 22, with ETFs driving significant interest in Bitcoin, reaching a record $20 billion in inflows and $65 billion in total assets under management this year. Ethereum blob fees surged to $4.52 amid airdrop claims for the new Layer-2 network, Scroll, marking the third spike since the March Dencun upgrade, though fees quickly dropped, and developers are now working on an Ethereum Improvement Proposal to address scalability as blob capacity approaches its limit.
Source: https://cointelegraph.com
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