Neon Labs Launches "Neon EVM" to Allow Ethereum Apps on Solana
Neon Labs has launched the "Neon EVM", which allows developers to write Ethereum applications on top of Solana. This smart contract built on top of Solana enables developers to deploy Ethereum Virtual Machine (EVM) code, which was previously not possible on the network.
Crypto Hackers Steal $480 Million Through DeFi Hacks in 2023 First Half
PeckShield, a blockchain security firm, has confirmed that criminals stole $480 million through DeFi hacks in the first half of 2023. The three main types of DeFi attacks were logic bugs, oracle manipulation, and privilege exposure. Despite a 75% decrease in DeFi criminal activity compared to 2022, Ethereum remains the main target for hackers. Chainalysis has reported a decrease in the flow of illicit funds to suspicious addresses, but ransomware attacks and impersonation scams have increased.
Ethereum Price Battles Take-Profit Drive, Traders Watch for Pullback Below $1,900 Support
On Monday, Ethereum's price was at $1,915, experiencing a 0.8% wobble after sliding from a three-month high of $2,015 due to an aggressive take-profit drive over the weekend. Traders are wary of a potential pullback below the immediate support level of $1,900, especially with Bitcoin's price hovering around $30,000.
Ethscriptions Marketplace Hacked, Resulting in Loss of Digital Assets
The creator of Ethscriptions, a protocol for creating and sharing digital objects on Ethereum, has reported that the platform's main marketplace was hacked. While the protocol itself was not impacted, a significant number of Ethscriptions listed on Ethscriptions.com were stolen, with around 123 individual addresses losing a total of about 202 ethscriptions. It is unclear how much was lost in terms of value, but some inscriptions have sold for as much as 5 Ethereum in the past month. The marketplace will be relaunched once necessary changes are made to the protocol itself.
Ethereum Whales Sell Off Holdings Amid Positive Market Sentiment and XRP Court Decision
According to recent data, Ethereum whales have been selling off their holdings, with one whale selling 4,549 ETH for $8.78 million. This sell-off pattern may have been triggered by the positive court decision in favor of Ripple's XRP, which had a ripple effect on several other cryptocurrencies, including Ethereum.
Crypto Market Sees Slow Start as Bitcoin and Ethereum Face Resistance, Ripple Struggles, and Solana Corrects
The global market cap has decreased by 0.4% in the past 24 hours, leading to a slow start to today's market session. Bitcoin is trading at $30.2K with a 0.2% drop in the past 24 hours and a 57% decrease in trading volume. Ethereum is trading at $1929 with a 52% decrease in price valuation and trading volume.
cLabs Proposal for Celo to transition to an Ethereum L2
According to cLabs, They call to action for feedback and discussion around a proposal for Celo to return home to Ethereum by transitioning from being an independent EVM-compatible Layer 1 blockchain to an Ethereum Layer 2.
Tron's TVL Growth Outperforms Most Top Networks Except Ethereum, Boosting TRX Marketcap to New Monthly High
Tron's TVL growth has been impressive, outperforming most networks except for Ethereum. The network's growth has attracted a lot of liquidity, as seen through its TVL growth over the last few months. Tron had the second-highest TVL in the first half of 2023, outperforming all other networks except for Ethereum. Tron's TVL currently stands at around $5.79 billion, a significant improvement from its lowest YTD level of just over $4 billion. The recent bullish outcome on July 13th pushed TRX's marketcap to a new monthly high above $7.3 billion, with the number of users on the network reaching more than 2 million as of July 2023.
Beefy Launched a New Proposal To Detach BIFI Tokens From Multichain and Redeploy Them to Ethereum
On July 14, the core team of the multi-chain revenue optimizer Beefy recently released an informal ARFC proposal and started voting, aiming to evaluate whether to quickly migrate BIFI tokens from Multichain. In the proposal, the core team proposes to redeploy BIFI on Ethereum and set up a unified governance pool, while bridging the pledged mooBIFI tokens through a new bridging solution managed by DAO.
Ethereum Price Surges Over 7% and Trades Above $2,000 Amid Altcoin Rally
The price of Ethereum has risen by over 7% and is now trading above $2,000 against the US Dollar. This increase follows a surge of over 80% in XRP, which cleared $0.90. Ethereum is currently trading above $1,980 and the 100-hourly Simple Moving Average, and could rise further towards the $2,050 and $2,120 resistance levels. However, if it fails to clear the $2,025 resistance, a downside correction could occur, with initial support near the $2,000 level.
