China News Daily TheBitTimes.com

Bitcoin (BTC) has corrected below the $65,000 support, coinciding with a weakened market risk appetite.  Notably, market players have maintained that post-halving, Bitcoin needs to sustain its price above $65,000 for any real chance to establish a new all-time high. However, crypto trading expert Alan Santana has projected that BTC is primed for further correction as the market becomes frustrated with sustained consolidation. In a TradingView post on April 25, the expert noted that with market sentiment having shifted to frustration, the next major support level to watch is $51,000 to $53,000. Picks for you Why is gold valuable? Insights into its unshakeable market status 10 mins ago Build your millionaire portfolio: 3 must-buy stocks for serious growth 17 mins ago Biden proposes 25% tax on unrealized gains for high-net-worth individuals 1 hour ago Opportunity or warning sign? Only 35% of Cardano holders in profit 2 hours ago Despite f...

A multi-platform staking solution Lido faces its first serious penalty after its validators misbehaved. Lido, a decentralized finance protocol for staking cryptocurrencies, faces a penalty worth 23 ETH (around $35,500) after 20 of its validators have been slashed. In an X post on Thursday, Oct. 12, Lido confirmed the incident, saying the slashed validator s have been operated by Launchnodes, a pre-synchronized Geth node for staking, which is part of the Lido protocol. 20 slashings have occurred relating to validators operated by the @launchnodes node operators as a part of the Lido protocol. Launchnodes and DAO contributors are investigating. The validators are offline and slashings have ceased while the root cause is being investigated. — Lido (@LidoFinance) October 11, 2023 No further details were given so far. Launchnodes is investigating “the root cause” of the issue while the slashed validator s are offline. The team behind the protocol reassured users they...