According to Odaily, decentralized perpetual exchange Hyperliquid has released a report detailing the cause of the Arbitrum bridge failure that occurred on Monday. An anonymous developer, iliensinc, explained that the issue was due to an 'extremely rare edge case' where multiple RPCs (remote procedure calls) received incorrect data.

Decentralized perpetual exchange Hyperliquid released an Arbitrum bridge failure report, explaining why its cross-chain bridge was paralyzed on Monday. According to anonymous developer iliensinc, there was an "extremely rare edge case" where multiple RPCs (remote procedure calls) received incorrect data. (TheBlock)

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his thoughts on the crypto market in a memo published on October 9, detailing what needs to happen for Bitcoin to hit $80,000 by the end of the year. According to Hougan, several factors must align for this price target to be achieved, with one […] source: https://www.cryptoglobe.com/latest/2024/10/bitwise-cio-matt-hougan-outlines-key-conditions-for-bitcoin-to-reach-80000-by-year-end/

Judge Emeka Nwite attended a seminar at the National Judicial Institute instead of Binance exec Gambaryan's bail hearing in Abuja. source: https://protos.com/binance-exec-still-awaiting-bail-decision-as-judge-skips-hearing-for-seminar/

According to PANews, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $106 million over the past 24 hours. Of this amount, long positions accounted for $66.33 million, while short positions made up $39.74 million. Bitcoin (BTC) saw liquidations amounting to $23.97 million, and Ethereum (ETH) experienced liquidations totaling $15.10 million.

Validators voted to temporarily shutdown the bridge between Hyperliquid and Arbitrum after being served bad data, an incident report explains. source: https://www.theblock.co/post/320278/hyperledger-posts-incident-report-for-arbitrum-bridge-failure-citing-extremely-rare-edge-case?utm_source=rss&utm_medium=rss

According to CoinDesk, real estate has historically been a significant source of wealth for older generations in top-tier Asian cities like Singapore and Hong Kong. Many older individuals have seen their wealth increase due to rising property values, even if they are cash-poor. In Hong Kong, for example, parents who fully own their property are likely to be millionaires, even if it is a small one-bedroom apartment. However, younger generations, including millennials and Gen Z, face significant financial burdens due to ultra-high property prices. Many are weighed down by long-term mortgages with high interest rates, making it difficult for them to build the same level of wealth through real estate as their parents did. Despite the challenges, many young adults still view real estate as their only viable investment option, as there are few obvious alternatives. The continuous inflation of the real estate market in various Asian cities makes it increasingly difficult for them to keep up, potentially leading to a downward financial spiral. Amid this dilemma, some experts advocate for alternative investments such as bitcoin. Bitcoin, often referred to as “virtual real estate,” offers a unique opportunity for younger investors. With a capped supply of 21 million units, bitcoin is rarer than most real estate options. Its highly liquid market allows investors to trade BTC anytime, without the barriers associated with property ownership and hefty down payments, making it an intriguing investment option. Wealth is often transformed and redistributed across generations, and bitcoin could play a pivotal role in this transition. Data indicates that younger people, driven by their tech savviness, are generally more open to cryptocurrency investments. This generational shift suggests that bitcoin may be crucial for transferring wealth from older generations to younger ones. Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin. It is crucial, however, to approach this investment with a long-term mindset, similar to holding onto residential property, rather than engaging in speculative trading. This responsible and prudent approach is key to building enduring wealth in an increasingly challenging financial landscape.

BonkBot unveils new updates, promising improved security without sacrificing speed. source: https://solanafloor.com/news/cryptos-biggest-telegram-based-trading-tool-major-upgrade

Ethiopia leads the African continent in Bitcoin mining, with prospects for international growth in the coming years. source: https://atlas21.com/ethiopia-bets-on-bitcoin-600-mw-commitment-for-mining/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopia-bets-on-bitcoin-600-mw-commitment-for-mining

Lawyers for former FTX executive Ryan Salame asked the court to postpone his prison sentence from Oct. 11 to Dec. 7 to allow him to treat injuries he suffered in a dog attack over the summer, according to a filing released Wednesday. This is the second time Ryan Salame has requested a delay in his sentence. Ryan Salame, formerly co-CEO of FTX Digital Markets, was sentenced to seven and a half years in prison last year after pleading guilty in September to conspiracy to make illegal political contributions and conspiracy to operate an unlicensed money transmission business.

Crypto Market, 20 Cryptocurrency Predictions for 2025 Bitcoin will break through the $100,000 mark Golden Finance, 20 Predictions for the Cryptocurrency World in 2025

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Standard Chartered Bank predicts that if Trump is elected as the US president in November, the price of Solana token SOL is expected to rise by 500% by the end of 2025.

A new HBO documentary suggests that the creator of Bitcoin, Satoshi Nakamoto, is likely Canadian software developer Peter Todd, disproving the Nick Szabo theory put forward by Musk.

The Dow's performance in the 11 weeks before Election Day has been correlated with whether the incumbent party's candidate wins the presidential election since 1968.

Well-known analysis agency QCP Capital said that if China stops its economic stimulus measures, Bitcoin will usher in capital reallocation and the cryptocurrency market will benefit from it.

On October 8, 2024, the Financial Services Agency of Japan issued an important statement clarifying that "non-custodial wallet services" using certification technology are not considered to be crypto asset exchange industries.

Wall Street tycoon Schiff said the U.S. government is ready to sell 69,370 bitcoins and called on MicroStrategy to borrow another $4.3 billion to buy it.

Jade City has shipped its first batch of jade to Guangdong, China, aiming to profit from the $50 billion jade market and launch a tokenization platform, making this exclusive market more accessible to investors.

Ethiopia is rapidly advancing in Bitcoin mining, leveraging low-cost renewable energy to power operations consuming 600 MW. While promising, addressing electricity access remains crucial for growth.