AWS Outage Disrupts Coinbase and Major Platforms
Last Monday did not start with the most pleasant news. A massive AWS outage in the US-East-1 region caused disruptions across multiple platforms, including Coinbase, Trust Wallet, and Robinhood.
The AWS team reported an “increased error rate” in the DynamoDB API. This database processes hundreds of thousands of requests per second for streaming services, payment systems, and games.
The failure underscored a key irony: even decentralized systems often rely on centralized infrastructure providers.
Users on social networks noted the irony of the situation when “a decentralized platform is shut down due to a failure of one cloud provider.”
Bitcoin “Dolphins” Identified as the New Growth Drivers
We’ve talked about crypto whales, but what about dolphins? According to CryptoQuant analysts, mid-sized Bitcoin holders, also known as “dolphins”, are now a major market-driving force.
These investors, typically holding between 100 and 1,000 BTC, have significantly increased their positions.
The “dolphins” in CryptoQuant include ETFs, corporations, and other large holders. According to experts, such addresses control the largest share of the digital gold supply – about 26% (5.16 million BTC).
Analysts are convinced that in the coming weeks, the activity of this group will be decisive: if the rate of accumulation accelerates, bitcoin will be able to update the maximum. If not, the correction will deepen.
Ledger and Trezor Unveil New Hardware Wallets
Security remains at the forefront of the crypto industry as Ledger and Trezor both revealed new hardware wallet models this week. Ledger announced the Nano Gen5, and Trezor – the Safe 7 model.
At the Ledger Op3n event in Paris, the vendor also renamed the Ledger Live app Ledger Wallet and announced the Ledger Multisig business solution.
The new tool received an E Ink touch screen, Bluetooth, and NFC support. The device comes with a Ledger Recovery Key card to restore access. The Ledger Wallet app now allows you to connect directly to dapps like 1inch.
Meanwhile, Trezor introduced the device with an aluminum body, a color touch screen with Gorilla Glass 3 and tactile response, as well as support for wireless charging and Bluetooth.
The main feature of Trezor Safe 7 is the industry’s first fully auditable TROPIC01 security chip. It’s paired with a second chip on a two-component architecture. The device is also ready for future threats from quantum computers.
To sum up, designed to enhance digital asset security, these wallets focus on improved UX, faster setup, and stronger recovery mechanisms. As the self-custody movement continues to grow, these releases highlight the increasing demand for secure, user-friendly storage solutions.
Asia Approves First Spot ETF on Solana
In a landmark decision, Asian regulators in Hong Kong have approved the first-ever Solana spot ETF, marking a significant milestone for institutional adoption.
The ETF’s approval positions Solana alongside Bitcoin and Ethereum as one of the top assets gaining recognition in traditional finance in Hong Kong. Trading of the product managed by China Asset Management will start on October 27.
Overall, the fund management fee is 0.99%. Storage and administration costs are limited to 1% of the net asset value. The total annual expense ratio is 1.99%. No dividends are expected to be paid.
Can this be considered as opening up new opportunities for cryptocurrencies in Asian markets? We’ll find out in the future.
Polymarket Confirms POLY Token Launch and Airdrop Plans
Finally, Friday brought some great news! Polymarket’s CMO officially confirmed the company’s plans to launch its own POLY token and conduct an airdrop for active users.
The current focus of the platform is the release of the application in the USA, Modabber emphasized. To remind you, the project announced its return to the United States in July after completing regulatory proceedings.
So, as we can see, this move of the token launch aims to strengthen the platform’s decentralized prediction ecosystem, rewarding community engagement, and expanding governance.
Overall, the airdrop campaign is expected to boost activity across the DeFi and Web3 betting sectors.
Final Thought
Well, this week reminded our crypto and Web3 community how quickly the market evolves: from token launches and institutional recognition to the ongoing need for stronger infrastructure. Innovation, adaptability, and decentralization remain the keys to growth in the blockchain space.
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