ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates. Source: https://www.coindesk.com/markets/2023/10/12/ether-drops-19-to-7-month-low-as-crypto-buckles-further-following-inflation-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June. Source: https://www.coindesk.com/markets/2023/10/12/ethereum-has-nearly-cleared-out-validator-queue-a-sign-of-weak-staking-demand/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/consensus-magazine/2023/10/12/westerners-see-el-salvador-as-a-template-for-a-new-monetary-system/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Trezor has produced a hardware wallet with a stripped-back design to appeal to less experienced crypto users, alongside two other new products. Source: https://www.coindesk.com/business/2023/10/12/trezor-unveils-new-hardware-wallets-corrosion-resistant-keep-metal-for-recovery/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

How can advisors support client interest in digital assets? Thanks to Miguel Kudry from L1 Advisors for taking us through examples in today’s Crypto for Advisors newsletter. Source: https://www.coindesk.com/business/2023/10/12/crypto-for-advisors-advisors-pivot-to-on-chain-support/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Former Alameda Research CEO Caroline Ellison faces Sam Bankman-Fried attorney Mark Cohen as she begins her third day of testimony. Source: https://www.coindesk.com/policy/2023/10/12/live-caroline-ellison-starts-day-3-of-testimony-against-sam-bankman-fried/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.K. financial regulator said earlier in the year it was speaking to firms and trade groups in relation to proposals on fund tokenization. Source: https://www.coindesk.com/policy/2023/10/12/uk-fca-working-on-blue-print-for-fund-tokenization-due-this-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Source: https://www.coindesk.com/policy/2023/10/12/did-caroline-ellison-and-sbf-cook-alamedas-books-to-save-the-world/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The 2019 playbook offers a bullish view for bitcoin as Fed officials signal pause in the rate hike cycle. Source: https://www.coindesk.com/markets/2023/10/12/bitcoins-300-surge-from-early-2019-in-focus-as-fed-officials-favor-rate-pause/?utm_medium=referral&utm_source=rss&utm_campaign=headlines