The1. Former Ripple Developer Matt Hamilton: BTC (Bitcoin) was innovative and demonstrated artificial digital scarcity. But now, other virtual assets are driving new innovation
Ease: Bitcoin was revolutionary and proved the concept of artificial digital scarcity. The rest is now where real innovation happens and business models are formed.
— Matt Hamilton (@HammerToe) October 5, 2022
On the same day, Hamilton also noted that all new developments, innovations and business models for virtual assets are being built on chains other than BTC.
2. Virtual Asset Analyst Dylan LeClair: Open interest in BTC (Bitcoin) futures is near an all-time high of 604,000 BTC. Whether rising or falling, there will be big moves.
As Bitcoin consolidates around $20,000, futures open interest determined by BTC is below an all-time high of 604k BTC.
Whether up or down, when Bitcoin breaks out of its current range, it will be a violent move. pic.twitter.com/cYmSi7JLAX
— Dylan LeClair (@DylanLeClair_) October 6, 2022
Next, LeClaire explained, “Based on funding costs, the status quo is not biased up or down, I did.
3. BNB Chain: Abnormal activity detected and BSC suspended. We apologize for the inconvenience and further progress will be communicated through official Twitter.
We are suspending BSC due to irregular operation. We apologize for the inconvenience and will provide further updates here.
Thank you for your patience and understanding.
— BNB Chain (@BNBCHAIN) October 6, 2022
According to CoinDeskUS, the incident was caused by a ‘vulnerability attack’ discovered in on-chain data. The exact attack method etc is not yet known, but it seems to have affected the BNB token. The attacker who stole the virtual assets is known to have cashed out 1 million BSC twice on BNB Chain Token Hub.
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