Bitcoin's computing power broke the previous record on October 12, 2023. Measured by the 7-day simple moving average (SMA), it has soared to 455 exahashes per second (EH/s), which is impressive. From this perspective, on January 1, 2023, the computing power hovered around 261 EH/s. This means that in less than a year, it has leaped by 194 EH/s.

According to 1ML data, the current number of Bitcoin Lightning Network nodes is 14,906, a decrease of 8.2% in the past 30 days; the number of channels is 64,204, a decrease of 6.8% from a month ago; and the network capacity is 5,280.87BTC, an increase of 10% per month.

According to btc.com, the current number of unconfirmed transactions on the entire network is 10,517, and the number has decreased by about 77% since 00:00 on October 15.

An organization calling itself the "Spartacus Plan" attempted to save tens of thousands of Afghan war logs released by WikiLeaks in July 2010 to the Bitcoin blockchain.

Bitcoin’s months of sideways action have been uncannily similar to the previous two BTC market cycles, which saw a pivot in November leading up to a halving event.

According to the marketing and commercial director of Ferrari, the company has started accepting cryptocurrency payments for its luxury sports cars in the United States and plans to expand the program to Europe based on demand from its high net worth clients. 

On Saturday, October 14th, the crypto market saw positive gains and a neutral sentiment with a fear & greed index of 40. Despite a volatile week due to geopolitical turmoil and macroeconomic factors, major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana saw gains. The global crypto market cap also increased by 0.78% to $1.05 trillion, with Pepe Coin, Klaytn, XDC Network, and Stacks being among the top gainers. Additionally, the Klaytn Foundation announced a partnership with Meson Network to advance its Web3 ecosystem and harness blockchain technology for social good.

According to reports, in the past week, about 10,000 BTC were transferred to cryptocurrency exchange wallets, worth about $270 million.

Crypto traders are hopeful that the approval of a spot bitcoin ETF will revive the market. Despite ongoing geopolitical conflicts, major tokens like XRP, Solana's SOL, and BNB Chain's BNB have stabilized after a week-long drop. Analysts believe that the recent slump in crypto markets is due to rising oil prices and a drop in traditional equities, which could impact international trade. Bitcoin is currently hovering just above $26,800 after a 3% loss in the past week, while ether (ETH) is trading over $1,500 after a 5% weekly hit. Traders are eagerly awaiting the approval of a spot bitcoin ETF in the U.S. as they expect it to increase institutional demand and bring in new money.

Crypto analyst Jason Pizzino has issued a warning to altcoin investors, stating that the severity of a correction for altcoins will depend on how far Bitcoin dips. Pizzino predicts that if Bitcoin breaks down to $26,000 or even $24,900, it will have dire consequences on altcoins. However, if Bitcoin breaks the 50% level at $26,700, altcoins will continue to struggle and experience worse declines. Pizzino believes that a decline in altcoins will prompt traders to transfer some of their alt investments to BTC, which will help prop it up and lessen its downtrend.