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The cryptocurrency market remained steady over the weekend, with no major volatility. However, by Monday morning, BTC had risen by 4%. Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) as of Monday, October 23. BTC, ETH and PAXG Price Analysis for October 16, 2023
While the cryptocurrency market remained relatively stable over the weekend, Bitcoin experienced a 4% surge by Monday morning. Here's an in-depth look at the market dynamics of Bitcoin (BTC), Ethereum (ETH), and Pax Gold (PAXG) for Monday, October 16. 
A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study's author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue. 
Yesterday, the Cyvers team raised alarms over a questionable HTX transaction. Their concerns grew when there was no communication in return.
Fast forward to today, the damage is clear: 5,000 ETH, or $7.9 million, is gone, snatched by a hacker.
The HTX team has proposed a 5% reward for the return of the funds. Should the hacker decline, they plan to engage law enforcement.
"Compared to the $3 billion in assets held by Huobi HTX users, $8 million is a small number. This is only equivalent to two weeks of revenue from the HTX platform," Justin Sun stated in X.
The underlying issue behind the breach has been eliminated, he adds, and the exchange will reimburse the lost amount. 
ProShares' new initiative is centered on its Short Ether Strategy ETF, an instrument shaped to profit from ETH's downward price movements. This initiative may draw investors interested in volatile market actions or in search of hedging opportunities. With its registration expected to be in place by October 15th, the ETF's debut is planned for the onset of November. 
ThorChain's transaction volume has surged to a record $355 million. An influx of hacker activity on the network has led to total transactions topping $1 billion in just five days. Over the past four months, over 50% of the funds swapped from ETH to BTC on ThorSwap have been stolen. Crypto Market Analysis: BTC, ETH, and PAXG on October 2, 2023
The crypto market experienced a serene weekend with no significant volatility, but by Monday morning, BTC surged by 4%! Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and gold (PAXG) as of Monday, October 2. 
