Bitcoin's Price Stagnant at $29K, Speculation on Push to $30K Amidst Growing Volatility Pressure and Positive Momentum in New Address Creation
The price of Bitcoin is currently hovering around $29K and there is speculation about what it will take to push it past $30K. Despite this, there are new developments in the crypto world and DeFi is still relevant. The article also includes CSS code for a responsive widget container and media queries for different screen sizes.
Ethereum L2 Scaling Layer Base to Launch Mainnet on August 9
Base, the Ethereum Layer 2 scaling solution, is launching its mainnet on August 9, allowing developers to deploy applications and opening bridges for selected tokens. To celebrate the launch, Base is organizing "Onchain Summer," a month-long festival featuring art, music, gaming, and advocacy, with collaboration from major brands.
MEV bot returns most of drained funds from Curve Finance pool after Ethereum IDM negotiations
The MEV bot that drained over 6,000 Ether from the Curve Finance pETH-ETH pool has returned most of the funds to the JPEG'd deployer. The bot's address sent a message on the Ethereum blockchain to prove their email address was associated with the frontrunning bot, which led to negotiations and the partial return of funds. However, all other exploited funds are still under the control of the attacker who initiated the exploit, and the Curve team is attempting to get the rest of the funds returned. This is an ongoing story and more information will be provided as it becomes available.
Ethereum's Cancun-Deneb upgrade to enhance scalability and security
The upcoming Cancun-Deneb upgrade on the Ethereum blockchain will enhance scalability and security. The Cancun upgrade includes 5 EIPs, including the eagerly awaited Proto-DankSharding, which will lay the groundwork for the full implementation of DankSharding. Other EIPs aim to decrease data storage costs, enhance cross-chain bridges and stake pools, and eliminate code that could terminate smart contracts.
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.
