Crypto Trader Skeptical of Recent Bitcoin and Ethereum Bounce, Warns of Potential Downside
Crypto trader Bluntz, who has a large following on social media platform X, is not convinced that the recent bounce in Bitcoin and Ethereum is sustainable. He believes that both assets have more potential downside and that a further drop is needed before he will consider them to have hit bottom.
1inch Investment Fund Abruptly Accumulates $10,000,000 in Ethereum Amid Market Downturn: On-Chain Data
According to blockchain tracker Lookonchain, the investment fund associated with decentralized exchange aggregator 1inch has suddenly acquired $10 million worth of Ethereum over the weekend. The same wallet also purchased 17,000 ETH worth $26.8 million between January and March of this year. On July 5th, the wallet sold 11,000 ETH for roughly $21 million at a profit of $3.7 million. Additionally, Lookonchain notes that a wallet known as dimethyltryptamine.eth spent 27 ETH worth $45,000 to purchase 50 billion Pepe on Sunday.
Judge makes it clear in Uniswap ruling that Ethereum is a commodity, not a security
ConsenSys lawyer Bill Hughes stated on X Platform (formerly known as Twitter) that the federal judge of the Southern District of New York explicitly stated in the ruling of the Risely v. Uniswap case on August 29 that Ethereum is a commodity, not a security. The document did not provide an analysis of the issue, only a conclusion, but this is a fairly clear statement by the judge. <br>
The address marked "Fake_Phishing184285" on Ethereum transferred 100 ETH to Tornado Cash
According to a tweet from CertiK official, an Ethereum address labeled as "Fake_Phishing184285" has transferred 100 ETH (approximately $172,000) to Tornado Cash. It is reported that the funds came from other active EOA phishing addresses that started 50 days ago.
Ethereum bridged to Base has exceeded 100,000
Coinbase protocol lead Jesse Pollak tweeted that the number of Ethereum bridged to the Base network has exceeded 100,000.
Data: Starknet Network TVL Rebounded to US$118 Million, an Increase of 19.49% on the 7th
According to L2BEAT data on August 30th, the TVL of Ethereum Layer2 scaling solution Starknet has risen to $118 million, a 7-day increase of 19.49%.
Starknet Launches 24-Hour Limited-Time Official NFT Minting Event
On August 30th, the Ethereum Layer2 scalability solution Starknet ecosystem announced that to celebrate the huge leap of Starknet Mainnet v0.12.1, a 24-hour limited-time official Starknet Quantum Leap NFT minting activity will be launched.
MistTrack: Bitbrowser Hackers Transfer a Total of 6.5 ETH to 0x9713…039a on the zkSync Era
MistTrack monitoring shows that BitBrowser hackers have updated:
1. Hackers transferred a total of 6.5 Ethereum to 0x9713...039a on zkSync Era.
2. Hackers bridged to Arbitrum through Socket and transferred 1 ETH to TornadoCash on Arbitrum.
3. Hackers bridged 5.3 ETH to address 0x9c00...8143 on Optimism through Socket.
4. Address 0x9c00...8143 on Optimism transferred 5.2 ETH to Binance address 0x506f...8845.
5. 83 AVAX has been frozen.
6. A total of 80.97 ETH has been transferred to Railgun on Arbitrum currently.
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%.
