1. Bitcoin bounced close to $11,600 before retreating a bit while ether options traders are less active than they were in September. Bitcoin (BTC) trading around $11,552 as of 20:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours, which trading range was between $11,186 and $11,598.
2. According to theChainNews, the decentralized lending platform Aave (LEND) announced the completion of US$25 million in financing, with investors such as Blockchain Capital, Standard Crypto and Blockchain.com ventures. Aave CEO Stani Kulechov said that Aave will use the funds to expand the Asian market, promote the popularization of DeFi in institutions, and expand the size of the team.
3. According to data from Blockchair, yesterday, the median gas price of the Ethereum network reached the lowest value in nearly 3 months of about 36 Gwei, which has dropped by 93% from the historical high. In history, the highest single-day median price of Gas on the Ethereum network was about 545 Gwei on September 17 this year. On the same day, Uniswap announced the governance token UNI.
4. Since the Bitcoin block reward halving in May 2020, the income of Bitcoin miners has dropped by 30%. Since March, due to the popularity of DeFi pushing transaction fees to new highs, the income of Ethereum miners has tripled. According to Crypto Briefing, by the end of this year, the total annual mining revenue of Bitcoin and Ethereum will reach US$4.6 billion and US$2.2 billion, respectively.
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