- Sui TVL rises, SOL/ETH exchange rate rises, Celestia is about to be launched
headlines
Bitcoin Core core developer discloses security risks of Lightning Network and announces withdrawal
Bitcoin Core core developer /dev/fd 0 announced on the X platform that he will stop participating in the development of the Lightning Network and its implementation, including coordinating the handling of protocol-level security issues.
Additionally, /dev/fd 0 means that each Bitcoin node has its own memory pool. Transactions are forwarded by peer nodes. If an LN node is used to open a channel and accept HTLC forwarding, it is vulnerable to a substitution loop attack.
Industry News
CME Fed Watch: Chance of Fed keeping interest rates unchanged in November rises to 99.9%
According to CME FedWatch data, the probability that the Fed will keep interest rates unchanged at 5.25% -5.50% in November is 99.9%, and the probability of raising interest rates by 25 basis points to the 5.50% -5.75% range is 0.1%.
According to Odaily’s previous report, a week ago the probability that the Federal Reserve would keep interest rates unchanged at 5.25%-5.50% in November was 93.8%.
In a Farcaster AMA event, faced with the question What are the most worried about the future of Ethereum? Vitalik said: Crypto industry stagnation, privacy and open Internet infrastructure are all possible reasons for failure.
Another question on the AMA was What do you think about most of the time? Vitalik said: Issues related to artificial intelligence, how and whether the Ethereum community can effectively participate in it. (Decrypt)
Fox Reporter: The Ripple case is still not over, Gary Gensler will not surrender without a fight
Fox reporter Eleanor Terrett posted on the The verdict is still pending, and SEC Chairman Gary Gensler wont give up without a fight.
Sui TVL doubled from $30M to $60M in less than 30 days
Sui posted on the X platform that in less than 30 days, Sui TVL doubled from US$30 million to US$60 million. In addition, average daily trading volume is also increasing.
Bitcoin up 147% since MicroStrategy’s first BTC purchase, top-performing asset class
FactSet data shows that as of October 20, Bitcoin is the best-performing asset class since August 10, 2020 (MicroStrategy’s first Bitcoin purchase).
Bitcoin is up 147% in the period, while the SP 500 is up 26% and the Nasdaq is up 18%; gold is down 3%, silver is down 19% and bonds are down 24%.
Bitfinex operates 2 of the 3 largest Bitcoin Lightning Network nodes since 2019
Bitfinex Chief Technology Officer Paolo Ardoino posted on the X platform that Bitfinex has been operating 2 of the 3 largest Bitcoin Lightning Network nodes since 2019.
Project News
During Thursdays trial, FTXs C 1 funding round began in the late summer and fall of 2022, according to testimony from former FTX general counsel Can Sun. A table shows 15 potential investors, including BlackRock, Google and Apollo, listed as being quickly contacted. According to Sun, Apollo was invited to invest in FTX to help resolve FTX’s liquidity issues with customer withdrawals.
Cardano eco-encapsulated Bitcoin anetaBTC posted on the X platform that the community has launched a proposal to reduce the total supply of cNETA/NETA tokens by 30% by canceling the BTC Fund. Governance voting is scheduled to begin on October 25.
The team now believes that the selling pressure exerted by the BTC Fund on cNETA will outweigh the potential benefits of its BTC acquisition, and therefore recommends canceling the fund.
Celestia updates pre-creation files, and the mainnet will be launched at 22:00 on October 31
The modular blockchain network Celestia has updated the pre-genesis file (pre-genesis.json), and the creation time (mainnet online time) is 2023-10-31 T 14: 00: 00 Z (October 31, Beijing time) 22 hours).
The addresses that can receive airdrops are also in this file. After the mainnet is launched, the tokens will be directly distributed to the wallet, and users do not need to claim.
Bithumb and Upbit combined to hoard $9 million in LINK during recent LINK rally
According to Lookonchain monitoring, during the recent LINK price increase, South Korean exchanges Bithumb and Upbit accumulated a total of 945,000 LINK ($9 million). The increase in LINK price has a lot to do with Bithumb and Upbit.
Bithumb has stopped hoarding coins and transferred 220,000 LINK ($2.05 million) 2 hours ago, while the price of LINK has also started to fall from its highest point.
SOL/ETH exchange rate hits 23-year high
OKX market data shows that the SOL/ETH exchange rate hit a new high of 0.018 in 23 years and has returned to the level on November 9, 22.
According to Odaily’s previous report, on November 9, 2022, FTX announced that it would close the withdrawal function, and SOL fell by 42% that day.
Matter Labs: Hybrid crypto exchange GRVT will launch as zkSync’s first “hyperchain”
Ethereum Layer 2 zkSync developer Matter Labs said on Friday that GRVT will offer a Robinhood-like user experience and self-custody capabilities similar to the Uniswap exchange. Matter Labs says this will be zkSync’s first “hyperchain,” a custom blockchain that will operate as Layer 3 Validium within the zkSync ecosystem.
According to a post by community user @SanjFomojis on the There is a risk (of double spending).”
Investment and Financing
Chain game Upland completes US$7 million in financing, led by EOS Network Ventures
Real estate transaction chain game Upland completed a $7 million Series A expansion round led by EOS Network Ventures. This round of funding will be used to add game features that allow players to purchase digital land on real-world maps. Developed on EOS, Upland has plans to launch tokens on Ethereum.
Upland said it has more than 3 million registered players, including about 30,000 daily active users, and has signed cooperation agreements with major sports organizations such as FIFA and the NFL Players Association. (Decrypt)
