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).
