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.
