Liquidity in the altcoin market is declining
The decline in cryptocurrency liquidity continues; hodling dominates the market. This is noticeable in the new record - 14.859 million BTC are held by long-term investors who have not made transactions over the past 5 months. Market supply is shrinking, and there is widespread reluctance to make transactions. This month also the Bitcoin dominance index reached 51.1%, approaching the values of April 2021.
Trezor announced 3 new products
At Bitcoin Amsterdam, Trezor introduced three innovative products designed to make using Bitcoin easier and safer: the Trezor Safe 3 Hardware Wallet, the Trezor Keep Metal Backup Case, and the Trezor Safe 3 Bitcoin-Only Hardware Wallet, limited to 2,013 units.
The Trezor Safe 3 hardware wallet promises to offer crypto enthusiasts a secure and convenient means of protecting their digital assets. It is available in four colors, making cryptocurrency protection affordable and fashionable. Hardware wallets are designed to ease the transition to self-storage of cryptocurrencies. New Trezor crypto products are now available for pre-order and will begin shipping in mid-November.
Bitcoin whale emerges from six-year hibernation
An unknown person made a transaction in the amount of 2995 BTC to two new addresses for the first time in 6 years. In May 2016, he received 3200 BTC; at the current exchange rate at that time, the amount was about $1.5 million. A year later, the owner of the address sent ~205 BTC from it. the remaining coins were at the address until October 9, 2023.
Tether appoints Paolo Ardoino as CEO
Tether, the industry's largest stablecoin by market capitalization, this week announced the appointment of Paolo Ardoino as its new CEO. Ardoino will continue to serve as Bitfinex's Chief Technology Officer and Holepunch's Chief Strategy Officer. Tether said the leadership changes reflect the company's commitment to actively exploring new business operations, including peer-to-peer communications and renewable energy.
Solana is offering $400,000 to anyone who can stop the blockchain
The Solana Foundation is offering a $400,000 reward to anyone who can discover a blockchain bug that could potentially "take down Solana." The offer is part of the Solana Foundation's broader security bug bounty program, which actively encourages white hat hackers to test the blockchain for vulnerabilities by offering various rewards. A $1 million reward is reserved for anyone who can identify Solana network consensus violations or security issues. This includes a recently announced $400,000 reward that incentivizes hackers to identify vulnerabilities that could lead to remote attacks that could cripple Solana's network.
The TON blockchain strives to get into the Guinness Book of Records
The TON Foundation announced its desire to get into the Guinness Book of Records as the fastest blockchain in the world. This requires 256 servers for performance testing. To realize its plan, TON Foundation will cooperate with Alibaba Cloud. testing will take place on October 31.
User exchanged 131,350 USDR for 0 USDC
On October 11, the USDR stablecoin rate unexpectedly fell. In a panic, an unknown user exchanged $131,350 for 0.0001 USDC through the DeFi aggregator OceanSwap. As a result, the MEV bot completed the transaction and earned $107,000. The user also had to pay a transaction fee of 0.0012 BNB ($0.25). According to data from CoinGecko, after a sharp drop, the price of USDR rose from $0.51 to $0.68, but then fell again to $0.53.