☕️ Bitcoin Dominance Hits 60%, Irish Central Bank Fines Coinbase Bitcoin market dominance touched its highest level since May as investors de-risk from altcoins, while the Central Bank of Ireland penalized Coinbase over safeguarding breaches.
1. Bitcoin Market Dominance Touches 60% as Altcoins Slide — $BTC market dominance climbed to 60% on Wednesday, reaching its highest level since May [1]. Smaller tokens and spot ETF flows faltered as capital concentrated in Bitcoin ahead of the Federal Reserve interest-rate meeting [1]. 2. Central Bank of Ireland Fines Coinbase €3.25M — The Irish regulator fined Coinbase Ireland Limited €3,252,618 for safeguarding and outsourcing breaches between November 2020 and August 2025 [1]. The firm commingled customer funds during crises and must implement enhanced operational controls [1]. 3. Starknet Community Backs Exploration of Independent Layer 1 — A non-binding governance poll approved research into transitioning from Ethereum to an independent layer 1 with 93.52% of voting power [1]. StarkWare targets a 2027 post-quantum deployment, citing risks in Ethereum's planned 2029 timeline [1]. 4. Aerodrome and Velodrome Merge to Launch Unified Aero Protocol — The decentralized exchanges consolidated under a single $AERO token architecture on Oct. 21 [1]. The new protocol deployed across Base, $ETH, OP Mainnet, and other chains, granting Aerodrome 94.5% of the new supply and Velodrome 5.5% [1]. 5. Bitcoin Hashrate Climbs 45% to Reach 1,050 EH/s — Compute power rebounded from July lows of 726 EH/s to approximately 1,050 EH/s on Wednesday [1]. Publicly traded miners saw their share prices drop about 12% amid inflation headwinds, even as operational compute deployments rise [1].
📊 Bitcoin trades at $81,175, down 4.0% over 24 hours, while total market capitalization stands at $2.68 trillion and ETH gas remains at 0 gwei.
