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Most NFT Collections Experience Bearish Period as Interest in NFTs Declines

According to data from IntoTheBlock, only three out of the top 10 most valuable NFT collections by market capitalization are currently up in price in Ethereum over the past month. CRYPTOPUNKS, Azuki, and Autoglyphs are the three collections that have seen gains, while the vast majority of NFT collections are experiencing a bearish period.

Data Availability Sampling and Danksharding: An Overview and a Proposal for Improvements

Danksharding is an approach to scaling the amount of data on chain for a future version of Ethereum. The goal of this upgrade is to ensure that the data on chain was made available to archiving parties when it was first posted.
Data Availability Sampling and Danksharding: An Overview and a Proposal for Improvements

EthereumPoW Has Made No GitHub Code Updates to Geth Fork Since Launch

EthereumPoW, a fork of Ethereum that preserved the original energy-intensive proof-of-work consensus mechanism, has not made any updates to its fork of the Go Ethereum client since launching in September 2022. EthereumPoW's Geth code on GitHub shows no commits in over seven months, drawing criticism from the executive director at ETC Cooperative. Although a lack of commits doesn't necessarily imply a problem, it could suggest that the EthereumPoW team may be facing challenges or not making any attempts to enhance the Geth code. 

Cambridge Study Reveals Ethereum's Lifetime Energy Use Before Merge on Par with Switzerland's Annual Consumption

According to Cambridge University’s Centre for Alternative Finance (CCAF), the Ethereum network’s energy consumption came in at a total of 58.26 Terawatt hours (TWh) between 2015 and the date of the Merge – the network’s transition from Proof-of-Work to the Proof-of-Stake consensus mechanism – in September 2022.

Polygon Labs Launches zkEVM-powered Polygon Bridge

The bridge is powered by zero-knowledge technology and is governed entirely by smart contracts.
Polygon Labs Launches zkEVM-powered Polygon Bridge

Circle Launches Cross-Chain Transfer Protocol (CCTP) Mainnet Enabling Transfer of USDC Between Ethereum and Avalanche

With CCTP, users can securely and efficiently transact with USDC in a multi-chain ecosystem, thereby enhancing capital efficiency and security.
Circle Launches Cross-Chain Transfer Protocol (CCTP) Mainnet Enabling Transfer of USDC Between Ethereum and Avalanche

Crypto Morning Briefing: Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

SushiSwap to Propose Tokenomics Changes to Promote Uniswap v3 Adoption; Bahamas Calls for Tougher Regulation to Curb FTX-Like Situations; Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche
Crypto Morning Briefing: Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal

New Blockchain Sustainability Index Reveals Ethereum's Energy Efficiency Compared to Bitcoin

The Cambridge Centre for Alternative Finance (CCAF) has unveiled a blockchain network sustainability index (CBNSI) that explores the environmental implications of Ethereum’s transition from proof-of-work to proof-of-stake, comparing it to Bitcoin. According to CCAF, the energy consumption of Ethereum plummeted by 99.99% after the transition, making it 99.95% more energy-efficient. The tool provides daily energy estimates for both cryptocurrencies, with the index estimating annual power consumption for Ethereum as 5.8 Gwh compared to around 132.2 Twh for Bitcoin. The CBNSI is the latest research produced under the Cambridge Digital Assets Programme (CDAP), in collaboration with institutions such as Goldman Sachs, Fidelity, Visa, Mastercard, and Invesco, as well as the International Monetary Fund (IMF). However, while the tool correctly identifies electricity consumption as a key factor influencing a blockchain network's energy consumption levels, it fails to capture the greenhouse gas emissions linked to computing power. CCAF previously acknowledged that the measure of Bitcoin's energy consumption was a "best guess," due to constant fluctuations, that make it challenging to measure reliably.