Major Corporations Embrace Cryptocurrency Payments, Including Tesla and Starbucks
The use of cryptocurrency has grown significantly in recent years, with many large companies adopting blockchain technology. While Bitcoin remains the most valuable and popular digital currency, other cryptocurrencies like Ethereum and Tether have also made an impact. This has resulted in more online platforms and physical stores accepting crypto payments, making transactions faster and more convenient for consumers.
ProShares Files Application With SEC for Bitcoin and Ether Equal Weight ETF
ProShares has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on bitcoin and ethereum.According to the filing, the Bitcoin & Ether Equal Weight ETF will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."If approved, the fund will measure "the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts."
Developers Remain Optimistic Towards Crypto Despite Lackluster Market Conditions
According to a recent Web3 Development Report by Alchemy, web3 developer activity continued to grow in Q2, with Ethereum and crypto wallet SDKs seeing 26.8 million and 11.1 million installations, respectively. While the crypto market remains shaky due to regulatory pressure and economic uncertainty, the increase in developer activity is a promising sign for the industry.
Crypto Trader Identifies Ethereum-Based Altcoin with Potential for Double-Digit Surge
Altcoin Sherpa, a pseudonymous trader, has identified Maker (MKR), an altcoin based on Ethereum, as having the potential to surge by almost 30% from its current price. The trader believes that MKR has shown "immense strength" in the current market environment and could reach above $1,700 if it overcomes the resistance level of around $1,330.
Optimism's daily transactions surpass Arbitrum for the first time in six months
Optimism, a Layer 2 scaling solution built on top of Ethereum, has surpassed Arbitrum in daily transactions despite having a smaller total value locked. The growth in daily transactions has been attributed to increased use from Coinbase and Worldcoin, and the network is set to implement zero-knowledge proof systems. However, Arbitrum still dominates in decentralized finance applications such as Uniswap and AAVE. Optimism's ecosystem is set for advancements with proposals to implement zero-knowledge proof systems, and the increase in daily active addresses is promising for its continuous growth. Please note that this article is for general information purposes only and should not be taken as legal or investment advice.
Ethereum Developer Tim Beiko’s Twitter Account Suspected of Being Hacked to Post Phishing Link
The Twitter account of Ethereum developer Tim Beiko was suspected of being hacked to post a phishing link related to an ETH airdrop. Users were warned not to click on any suspicious links. This incident joins a recent string of Twitter account hacks in the crypto community, prompting security experts to remind users to enable two-factor authentication with Google Authenticator.
New Bitcoin City Launches Blockchain Games with Payouts on Wins and NFT Auctions
New Bitcoin City, a platform built on the Bitcoin blockchain, has launched games that offer payouts on wins and NFT auctions. The developers aim to expand the usage of Bitcoin beyond trading and investments and make it more generalized. The platform also includes a marketplace and uses a layer 2 network called NOS to combat Bitcoin's slow transactional speeds. The introduction of BRC-20 standards has allowed developers to issue tokens and build DeFi applications on Bitcoin, leading to the development of digital artwork and meme coins. The developers believe that combining the best of both worlds, Ethereum and Bitcoin, is the way forward.
Crypto Analyst Predicts Dogecoin Could Drop 30% in Worst-Case Scenario
According to a popular crypto analyst, Dogecoin (DOGE) may experience a significant downward movement after its strong performance last month. The analyst, known as Rekt Capital, believes that DOGE appears bearish after failing to break through the resistance of a falling wedge pattern. In the worst-case scenario, DOGE could drop to the diagonal support of the pattern at around $0.055. Rekt Capital also shares insights on Bitcoin, Ethereum, and TomoChain, stating that BTC is still bullish, ETH needs to stay above $1,863 to rally above $2,000, and TOMO may be poised for a correction after closing below its high timeframe resistance at $1.60.
BitKeep Wallet and Hope.money Join Forces for a $20,000 Reward Campaign
BitKeep, a Web3 multi-chain wallet, and Hope.money, a decentralized stablecoin protocol, have unveiled an exciting ecosystem campaign for users. The campaign is scheduled to run from August 1st, 19:00 (UTC+8), through August 8th, 19:00 (UTC+8), and will allow users to earn their share of an impressive $20,000 prize pool comprising of both $HOPE and $LT (Light Token). To participate, users simply have to either fill in a simple form with their BitKeep Ethereum address, or complete specific tasks on Galxe, QuestN, or TaskOn.
NFT Market Sees Offerings with Actual Utility Despite Slow Activity and Declining Sales
This week in the world of non-fungible tokens (NFTs) has seen a range of offerings highlighting the expanding industry, despite a sluggish market and declining sales. Practical NFT applications have emerged, such as gaming NFT cards from Gods Unchained and fantasy sports NFTs from Sorare.
Curve Finance Hack Causes 8% Drop in Ethereum's Total Value Locked (TVL)
The recent hack of decentralized finance protocol Curve Finance has had negative implications for multiple blockchains in the Web3.0 ecosystem, with Ethereum being one of the most affected. The total value locked (TVL) on Ethereum's Layer 1 network has dropped by almost 8% since the Curve attack went mainstream.
Data: FDUSD Issued More Than 83 Million Pieces Today, and the Total Circulation Has Exceeded 100 Million Pieces
Information on the chain shows that more than 83 million stablecoin FDUSD were issued today, of which 68.29 million were issued on Ethereum and 14.98 million were issued on BNB Chain. As of press time, the circulation of FDUSD on Ethereum is 79.42 million, and the circulation on BNB Chain is 25.07 million.
Term Labs Launches Fixed-Rate Lending Protocol on Ethereum to Bring Stability to DeFi Market
Term Labs has launched its fixed-rate lending protocol on Ethereum, which promises zero slippage and no spread. The protocol is designed to appeal to professional portfolios by offering low fees and high-quality blue chip collateral such as Bitcoin, Ethereum, and stablecoins. The lending and borrowing activities that have been most popular among the 2,000 testnet users and private mainnet beta involve borrowing stablecoins against liquid staking tokens and Tether against USDC. Term Finance plans to expand to other blockchains and layer-2 solutions in the near future.
Stablecoin Whales and Sharks Accumulate Amidst Bitcoin and Ethereum Struggles
Investors are accumulating stablecoins such as Tether USDT, USDC, BUSD, and DAI as Bitcoin and Ethereum struggle to surpass their psychological barriers. BTC has been unable to break the $31,000 mark, while ETH is facing challenges maintaining the $2,000 level. Traders are finding comfort in their stablecoin positions amidst the volatile crypto market. Despite this, data from Coinglass suggests that traders remain optimistic and are betting on a potential price rise for BTC and ETH.
Ethereum Surpasses Palladium to Enter Top 50 Global Assets by Market Cap
Ethereum has achieved a significant milestone by entering the top 50 global assets based on market capitalization, with a current value of $223 billion, surpassing palladium and trailing platinum by only $17 billion. Bitcoin also retains a strong position as the 12th largest global asset by market capitalization, valued at around $570 billion.
Ethereum MEV Rewards Hit $11 Million in a Single Day Due to Curve Exploit
According to The Block, according to mevboost.pics data, as part of Curve’s pool was attacked, MEV (maximum extractable value) revenue reached 6,006 ETH (approximately $11.1 million) on July 30, setting a record since the merger of Ethereum. highest record. Analyst Eric Conner observed that slot 6,992,273 yielded 584 ETH ($1.08 million) in rewards, slot 6,993,342 yielded 345 ETH ($641,000), and slot 6,992,050 was a close second with 247 ETH ($459,000).
Massive MEV Reward Blocks Generated by Curve Finance Exploit Spark Ethical Concerns in Ethereum Community
The recent exploit on Curve Finance has resulted in some of the largest Maximal Extractable Value (MEV) reward blocks in Ethereum's history. MEV refers to the potential revenue that can be extracted from reordering or inserting transactions in a block to create arbitrage opportunities. MEV bots are designed to capitalize on such opportunities, often by front-running transactions to gain an advantage.
Mike Novogratz's Investment Portfolio for High-Risk Tolerance Investors: Combining Traditional and Digital Assets
Mike Novogratz, the founder of Galaxy Digital, shared his investment recommendations for young investors with a high-risk tolerance in an interview with Bloomberg Wealth. He suggests a portfolio that combines traditional assets like Alibaba, silver, and gold with leading cryptocurrencies Bitcoin and Ethereum.
Ethereum ICO Participant Moves $1.2 Million Worth of Ether After 8 Years of Inactivity
An Ethereum address that participated in the initial coin offering has transferred out 641 ether, worth almost $1.2 million, after eight years of inactivity. The move was made in order to stake the ether. The address had received 2,000 ether from Ethereum's genesis at a price of around $0.31 per coin, which is now worth over $3.72 million.
Memecoin Madness Hits Coinbase's Base Network with 289,000% Gains and Rug Pulls
Coinbase's Ethereum layer-2 scaling solution Base has seen a surge in memecoin trading, with tokens like "BALD" experiencing gains of up to 289,000% within the first 14 hours of trading. However, these tokens have no official website, purpose, creator, or utility, and investing in them should be treated as gambling adjacent. Some investors managed to score a 100,000% return on a relatively small initial investment, but there is also the potential danger of scams, rug pulls, and severe financial losses.
