OpenSea Announces Redeemable NFT Standard, Will Roll Out Chain Redeemable Support to All Creators
OpenSea announced the release of two Ethereum comment requests (ERC-7496 and ERC-7498) and two Seaport improvement proposals (SIP-14 and SIP-15) to promote the development of a redeemable ecosystem. Redeemable NFTs allow redemption to receive another on-chain or off-chain item.
OpenSea has released a public concept validation to illustrate the experience, allowing the casting of Baby Burn eggs on the OpenSea Drop page, and then proceeding to the exchange page to destroy the egg and exchange it for Burnie.
The 24-Hour Trading Volume of the Cryptocurrency Market Exceeds 66 Billion US Dollars
According to CoinGecko data, the current cryptocurrency market capitalization is $1,147,336,663,392, with a 24-hour trading volume of $66,272,662,683. The current Bitcoin market share is 47.1%, while Ethereum market share is 18.1%.
Bloomberg Analyst Predicts Ethereum Will Win "Stablecoin Wars" Amid Massive Adoption Trends
According to a crypto market analyst at Bloomberg Intelligence, Ethereum is poised to win the "upcoming stablecoin wars" due to its ecosystem, including layer-2 projects like Optimism, Base, and Arbitrum. However, the analyst notes that transferring the top stablecoin, Tether, is more expensive on Ethereum than on other networks.
The Ethereum Foundation officially released the Ethereum Execution Layer Specification
Ethereum Foundation announced the official release of the Ethereum Execution Layer Specification (EELS) after more than a year of development. According to the blog post, EELS is a Python reference implementation of the core components of the Ethereum execution client, focusing on readability and clarity. EELS aims to be the spiritual successor to the Yellow Paper, more friendly to programmers, and synchronized with the merged fork. EELS can fill in and execute state tests, follow the main network, and is a good framework for building new EIP prototypes. <br>
Braavos Has Deleted Yesterday’s Article on Starknet Token STRK Information Disclosure
Braavos deleted yesterday's disclosure article about Starknet token STRK, which included key information such as: After being deployed on Ethereum for nearly 12 months, Starknet STRK Token will soon be configured and open to the public; The functions of Starknet token STRK include governance voting, staking, and gas payment; Subsequent update plans include: reducing transaction costs, improving block generation mode, and allowing gas fee payment based on ERC20 tokens.
Former Goldman Sachs Executive Raoul Pal Identifies Bullish Signal for Bitcoin's Potential Massive Rally
Raoul Pal, a former Goldman Sachs executive, is closely monitoring Bitcoin's 30-day historical volatility, which has dropped below 20 for the first time this year. This signal has preceded massive Bitcoin rallies five times in the past, and Pal believes hitting the 20 level could set the scene for Bitcoin to go on a huge run in the coming months.
The Spot Transaction Volume of HashKey Exchange in the Past 24 Hours Exceeded 5 Million Hong Kong Dollars, and ETH/USDC Accounted for the Highest Proportion
HashKey Exchange opened bitcoin and ethereum trading to retail investors yesterday and supports deposits and withdrawals. According to the latest data from Coingecko, the 24-hour trading volume of HashKey Exchange was approximately $708,250 (over HKD 5.5 million), with the highest proportion of trading being the ETH/USDC trading pair (approximately 43.67%), followed by ETH/USD (25.44%) and USDT/USD (17.46%). The three bitcoin trading pairs BTC/USDC, BTC/USDT, and BTC/USD accounted for a total of approximately 12.47% of the trading volume.
Data: The Proportion of Profitable Addresses in Ethereum Is Only 55.42%, Falling to a New Low in Nearly 7 Months
Glassnode data shows that currently only 55.42% of Ethereum holding addresses are in a profitable state, which is the lowest point in nearly 7 months.
Jasmy Will Launch Jasmy Chain, a Layer 2 Solution Based on Ethereum
August 29th, Japanese IoT platform developer Jasmy announced that they are building a Layer2 solution based on Ethereum called Jasmy Chain to enhance scalability and provide a more transparent, secure, and personalized data interaction experience.
Aave Will Replace the Suspended State of GHO Assets on Ethereum With a Frozen State
August 29th, the Aave community's proposal regarding the cancellation of the "GHO Pause and Freeze" has been voted on and passed on the chain, replacing the pause status of GHO assets on Ethereum with a freeze status. Previously, Aave had discovered a technical issue in the integration of GHO and Aave V3 GHO pool, so GHO as an asset was temporarily paused by Aave Guardian.
Boba Network Will Shut Down BobaAvax From October 31st, and Users Need To Transfer Funds to the Avalanche Mainnet
On August 29th, it was announced that Boba Network's Ethereum layer two scaling solution, BobaAvax, will be shut down starting October 31st. Users are required to transfer all funds to the Avalanche mainnet before October 31st to avoid the risk of permanently losing access to any assets on BobaAvax. BobaAvax is reported to be Boba Network's layer two scaling solution on Avalanche.
Ethereum hit an 8-month low with just $2.8 million in transaction fees yesterday
On August 28th, according to CryptoQuant data, the daily fee paid by users for transactions on Ethereum on August 27th was 1,719 ETH, which is the lowest point since December 26th of last year. Compared to the annual high of 16,720 ETH on May 5th, this is an 89% decrease. The decrease in the total amount of fees paid indicates a lower network usage, which may be due to the increasing popularity of L2 scaling solutions. This is a long-term positive development for Ethereum.
Ethereum Co-Founder Vitalik Buterin Executes Transfer of 3,000 ETH Worth $4.95 Million, Fueling Concerns of Further Price Declines
The wallet address associated with Ethereum co-founder Vitalik Buterin, labeled "vitalik.eth," has transferred 3,000 ETH worth approximately $4.95 million to the labeled-address "Vb 2." This follows Buterin's recent transfer of 600 ETH worth nearly a million to Coinbase. These large transactions have raised concerns among the crypto community about potential price declines. While Ethereum's price has shown signs of recovery, it is encountering resistance at the $1,660 and $1,670 levels, and failure to breach the latter could lead to continued downward movement.
HashKey Exchange Has Opened BTC/USD, ETH/USD Trading Pair Services to Retail Investors
According to an official announcement, HashKey Exchange has opened up deposit, withdrawal, and trading services for Bitcoin (BTC) and Ethereum (ETH) to retail investors. The exchange has also officially opened BTC/USD and ETH/USD trading pairs for retail investors.
Crypto Analyst Predicts Final Dip for Bitcoin Before Full-Blown BTC Bull Market – Here Are His Targets
According to a popular crypto analyst on social media platform X, Bitcoin is likely to experience a significant drop close to the $20,000 level before a surge above $50,000, marking the end of its downward trend. The analyst, Inmortal, believes that Bitcoin's current price action is similar to that of late 2019, when it fell from $10,000 to $6,000.
Delphi Labs Researcher: Proposed Regulations for Crypto Asset Brokers Clearly Characterize Various People Involved in DeFi As Brokers
Delphi Labs researcher lex_node stated on social media X (formerly Twitter) that the proposed financial regulations for cryptocurrency brokers have just been released, which explicitly categorizes various personnel involved in DeFi (including website operators communicating with wallets) as brokers. Many DeFi network applications that have US users will need to track users' profits and losses and issue tax reports to them every year.
Ethereum Public Testnet Holesky Genesis File Now Generated
According to Ethereum developer @parithosh_j, the genesis file for the Ethereum public testnet Holesky has been generated and will be released on September 15th at 22:00 Beijing time. It is initially configured with 1.46 million validator nodes (twice that of the mainnet) to test the limit of validator set size, as well as an initial issuance of 2 billion hETH testnet native tokens to address the shortage of gETH native tokens on the previous Goerli testnet.
Ethereum's Top 10 Addresses Now Control 35% of Total Supply Amidst Market Dip, Says Santiment
Despite the recent price crash of Ethereum (ETH), large players have been accumulating while smaller traders have been trying to offload their supply, leading to a concentration of ETH supply in the top 10 addresses. However, this does not indicate centralization of ETH. On-chain data provider Santiment explains that smaller traders are succumbing to fear, uncertainty, and doubt (FUD) during this market dip.
Snapshot Adds Support for Mantle Network
On August 25th, governance platform Snapshot announced support for the Ethereum Layer 2 network Mantle Network.
Applications for Taiko’s Inaugural Funding Program Will Close on August 31
August 25th, Taiko, an Ethereum Layer2 network based on zkRollup, recently announced its first funding program on its website. The program aims to discover and support innovative community members who are building and developing in the Taiko ecosystem, and provide the economic incentives and developer resources needed to achieve their vision.
