Arcadia Exploited for ~$455K on Ethereum and Optimism
PeckShieldAlert's community contributor has detected that ArcadiaFi has been exploited on both Ethereum and Optimism for approximately $455K.
Ethereum Price Faces Resistance and Could Decline Further Towards $1,800
The price of Ethereum has fallen below $1,880 against the US Dollar and is displaying bearish signals, potentially leading to a further drop towards $1,800. Although Ethereum is attempting a recovery from the $1,825 zone, it is still trading below $1,880 and the 100-hourly Simple Moving Average.
Charles d'Haussy of dYdX Foundation Discusses Future of Bitcoin ETF and Ethereum Platform
Charles d'Haussy from the dYdX Foundation shares his thoughts on the future of the platform after Ethereum and regulatory trends, with a focus on the possibility of a bitcoin ETF. The layout of a website is discussed in a code block, with a table displaying the CoinDesk Market Index and prices for various cryptocurrencies and financial assets.
Bitcoin's Native NFTs "Ordinals" Poised to Surpass Ethereum in NFT Market
According to data from Crypto Slam, Bitcoin's native non-fungible tokens (NFTs) known as "Ordinals" are on the verge of overtaking Ethereum in the NFT market. Despite Ethereum's current lead with over $24 million in NFT sales, Ordinals have seen a surge in both sales and active buyers, achieving an impressive 129.50% growth in USD sales and attracting close to 10% of the buyer market.
Vitalik Buterin: Bitcoin Needs More Scaling Solutions
During a Twitter Spaces conversation, Ethereum inventor Vitalik Buterin discussed the need for scaling solutions for Bitcoin beyond just payments. He suggested that Bitcoin could learn from Ethereum's experiments with scaling solutions such as Plasma or ZK Rollups.
The 165th Executive Meeting of Ethereum Core Developers: EIP-6466 and 6406 Code Changes Will Affect Three Projects Including LayerZero, but They Can Still Be Upgraded
On July 6th, Ethereum developers held their 165th All-Core Developer Executive (ACDE) conference call on Zoom. The session was moderated by Danny Ryan, a researcher at the Ethereum Foundation and chair of the All Core Developers Consensus (ACDC) conference call. On ACDE #165, the developers discussed the following: impact analysis on EIP 6466 and 6406, Cancun/Deneb testing work progress, adding builder override flags to the engine API, and inclusion of two ring buffers to the EIP 4788 specification middle.
Avorak AI Identifies Positive Signs for Ethereum's Advancement in Cryptocurrency Space
Avorak AI, a blockchain platform, has highlighted Ethereum's potential for significant advancements due to its robust infrastructure and ongoing developments. Ethereum is a decentralized blockchain platform that allows developers to create and deploy applications on its network, using its underlying cryptocurrency, Ether (ETH). Its programmable nature has led to widespread adoption and innovation in various domains, such as finance, DeFi, and gaming.
Increase in Ethereum NFT Buyers and Sellers Despite Price Decline
Despite a recent drop in Ethereum's price, there has been a 20% increase in the number of ETH NFT sellers and buyers last month. While there was a decline in NFT sales and mints, there was a 48% increase in mints in June.
Coin Bureau Host Lists Two Catalysts That Could Trigger Bullish Run for Ethereum
Guy Turner, the host of Coin Bureau, has identified two upcoming milestones that could potentially trigger a bullish run for Ethereum (ETH). The first milestone is the proto-danksharding upgrade, which will address Ethereum's main bottleneck to scalability by making transaction data more readily available. The second milestone is an effort to enhance privacy, which has become a sudden focus due to institutional investors' interest in privacy. Turner believes that these two catalysts could send ETH's price higher.
Ethereum Struggles at $2,000 Resistance as Demand for Staking Derivatives Rises
Ethereum has been struggling to surpass the $2,000 resistance level, while Bitcoin has seen an increase of 11.94% in June. Despite efforts to break through the $1,900 resistance level, Ethereum has experienced a decline in activity and a drop in the value of NFT collections. However, the demand for liquid staking derivatives (LSD) such as Lido's stETH is rising, with more ETH being moved towards staking than selling on exchanges. This provides a safety net for any potential downside and suggests that the price of Ethereum is likely to establish bullish support.
