#Bitcoin mining difficulty sets a new record, increasing for 5 consecutive periods
Bitcoin mining algorithm difficulty has increased by 3.55% to 64.68 trillion hashes. This is also the highest difficulty level ever for Bitcoin
#FTX sued #Bybit to reclaim $953m in assets
FTX has sued Bybit and its two subsidiaries, Mirana Ventures and Time Research, to recover $953 million in #fiat and #crypto that were withdrawn from the platform in the days leading up to FTX's collapse.
#LUNA increased nearly 90%, leading Layer 1 tokens to achieve success
LUNA price broke out nearly 90% to record an intraday high of $0.874, before correcting 5% as the altcoin became overbought. The move sees LUNA overcome the fair value gap (FVG), essentially an imbalance
#Poloniex was attacked, damage was estimated at more than 125 million USD
- The loss of the Poloniex hack exceeded $125m when adding the amount of money withdrawn on other blockchains including #TRON , #BTC and #POLYGON , in addition to the initial $60m tokens on #Eth
BlackRock confirms establishment of spot Ethereum ETF, ETH jumps to 6-month peak
However, the probability of an Ethereum spot ETF being approved in the near future is not high, as the SEC often takes months to consider due to concerns about fraud and market manipulation.
Spot trading volume on #crypto exchanges "rebounded" after many months of decline
- #CCData: Spot volume on centralized exchanges in October reached 632 billion USD, up 87.2%
- #TheBlock : total spot volume in October of $516.43 billion, up just under 60%