✅ The capitalization of the USDT stablecoin has surpassed $86 billion for the first time.
On November 8, 2023, the capitalization of the USDT stablecoin approached a record level, exceeding $86 billion for the first time in history. In its Q3 2023 report, Tether, the issuer of the USDT stablecoin, announced that the cash and cash equivalents share in the reserve assets reached an all-time high. Additionally, it ranks among the top 20 largest holders of U.S. Treasury bonds. According to Glassnode analysts, the increase in stablecoin sector capitalization indicates a capital influx into the cryptocurrency market.
✅ Bitcoin network fees have increased by over 2000% since summer.
Since August 2023, the average Bitcoin network fee has risen from $0.77 to $15.86, as reported by BitInfoCharts, marking an increase of approximately 2200%. This is a new high since May 2023 when the average network fee was $31.14.
✅ OpenAI has announced the GPT Store.
OpenAI has announced the launch of the GPT Store service, allowing users to exchange and even sell their own AI chatbots based on GPT. The company mentioned that ChatGPT users with "Plus" and "Enterprise" subscription levels can already test the new feature, with plans to make the service available to everyone later.
Simultaneously, OpenAI revealed the launch of the "marketplace for GPT," where various chatbots from both official and third-party developers will be featured. The GPT Store is expected to be launched in November 2023.
✅ Founder of LHV Bank forgets password to crypto wallet with 250,000 ETH.
The founder of the Estonian bank LHV Bank, Rain Lihtmus, turned out to be the owner of a crypto wallet with assets worth $470 million. However, he is unable to access the funds due to the loss of the private key.
Lihtmus purchased the cryptocurrency in 2014 during the Ethereum ICO when the value of 1 ETH was around $0.3. On November 10, 2021, the asset was trading at $4878, according to CoinGecko. If the founder of LHV Bank had sold the 250,000 ETH, he would have earned approximately $1.22 billion.
.png)
