One cryptocurrency analyst says Bitcoin must avoid falling below $56,000 if it is to maintain its long-term uptrend.

According to The Data Nerd, 8 hours ago, a wallet (possibly belonging to the ARB Foundation) deposited 60,000 ETH (about $150.33 million) into Binance. In the past 24 hours, it has deposited a total of 90,000 ETH (about $226.02 million) into Binance.

A joint report by Block Scholes and Bybit said that during the recent sharp sell-off when BTC fell below $59,000, open interest in the futures contract market remained stable, indicating that traders reduced leveraged positions, thereby limiting the risk of forced liquidation. The report noted that this pattern remained consistent throughout the year, reflecting the cautious approach taken by market participants during periods of increased volatility. In addition, the report highlighted the positive changes in TON funding rates after major market events, further indicating a renewed interest in leveraged positions. The report also revealed the market's views on the upcoming US presidential election. According to the analysis, the volatility term structure shows that there is a strong bullish sentiment on cash call options that expire after the election. This suggests that traders expect a favorable environment for crypto assets after the election. In addition, the report observed that the demand for downside protection in short-term expiration continued, reflecting the cautious optimism of the market. The findings of Block Scholes and Bybit show that a mature crypto derivatives market is able to adapt quickly to changing dynamics. Even during major events, the market has remained stable, indicating that traders' confidence is growing. (Bitcoin.com)

In this section, we will introduce some macro-environment related data and what it means to the market.

null source: https://x.com/FishTheWhales/status/1830078196454474089

코인니스에서 이번 주(8/23~8/29) 가장 많이 검색되고 이슈가 된 키워드는 다음과 같다. 인기 검색어 Top 10 (검색 횟수) XRP 26077 BTC 14066 MATIC 6164 SOL 5858 SUN 5367 STX 5348 ETH 4675 TON 4370 SEI 3124 DOGS 3046 이슈가 된 코인 Top 10 (언급 횟수) BTC 998 ETH 332 XRP 220 SOL 146 TRX 56 TON 42 MATIC 40 SHIB 33 STX 32 AKT 31

CryptoSlam data shows that the sales of NFTs on the Bitcoin chain in August were only about $60,513,536.21, the lowest level since November 2023. In addition, the transaction volume of NFTs on the Bitcoin chain last month was about 101,880, with an average sales price of $593.97, including about 38,900 independent buyers and about 29,600 independent sellers.

CryptoSlam data shows that the sales of NFTs on the Ethereum chain in August were only about $127,858,077.35, the lowest level since February 2021. In addition, the NFT transaction volume on the Ethereum chain last month was about 768,832, with an average sales price of $166.3, including about 78,800 independent buyers and about 63,000 independent sellers.

According to Odaily, the Uniswap Foundation has released its annual ecosystem impact report, outlining its goals and achievements for 2024. The foundation aims to establish the Uniswap protocol as the home for all tokenized markets. To achieve this, it is accelerating the development of the DeFi ecosystem through grants and fostering deep, ongoing collaboration with developers, researchers, and governance stakeholders. Earlier this year, the foundation realigned its grant strategy to focus on large-scale and long-term plans, emphasizing grants exceeding $250,000. This new approach aims to expand impact and foster network development. The 2024 funding model is designed to enhance the influence and accessibility of the Uniswap protocol, drive new technological implementations, develop the developer ecosystem, and advance governance, security, and protocol innovation. The progress made in 2024 is as follows: 1. Research: The core KPI is to lead technological advancements in AMM. The foundation strategically allocated $2,092,000 in the research category across four key projects, resulting in comprehensive DeFi research that shapes the future of AMM. 2. Developers: The core KPI is to build a robust developer ecosystem for the Uniswap protocol. In 2024, the foundation invested $868,000 in developer projects and activities, strengthening the developer base and ensuring community contributions and innovations on v4. 3. Governance: The core KPI is to build and implement a resilient governance model for the Uniswap protocol. The foundation allocated $995,000 to enhance governance by promoting collaboration among delegates, supporting activities and workshops that strengthen delegate interaction, participation, and governance functions. 4. Security: The core KPI is to maintain Uniswap protocol's reputation for reliability and security. The foundation committed $2,742,195 for comprehensive audits of Uniswap v4 and governance smart contracts, ensuring the protocol's security and reliability and strengthening community trust. 5. Protocol + Innovation: The core KPI is to achieve a sustainable protocol model to enhance growth. The foundation allocated a total of $1,579,000 to fund protocol innovation and improve the Uniswap user experience, catalyzing protocol enhancements in line with market demands and user expectations. Looking ahead, the foundation anticipates more innovative governance enhancement plans, developer hackathons, research deployments, and other exciting initiatives for the remainder of 2024.

According to Odaily, Whale Alert has reported that 1 billion XRP tokens have been unlocked from unknown wallets in three separate transactions. The total value of these transactions exceeds $560 million.

According to Whale Alert monitoring, starting at 10:46:22 Beijing time, 1 billion XRP were unlocked from an unknown wallet in three transactions, with a value of over US$560 million.

웨일 얼럿에 따르면, 3억 XRP가 익명의 주소에서 락업 해제됐다.

Less than a month after his Bitcoin sneakers sold out, Trump has begun selling his fourth series of NFTs.

This week, 26 blockchain startups raised a total of $182.5 million in funding. Ten projects received pre-seed and seed rounds, and 15 projects received other rounds of funding.

This article will analyze the Artela ecosystem, which has been very popular among developers recently, and explore the potential applications of its EVM++ technology.

Comments from prominent market players suggest that the upcoming distribution of funds from the Mt. Gox bankruptcy could have a significant impact on Bitcoin’s price dynamics, leading to increased selling pressure.

Just as Paypal brought payments to the Internet before, now Paypal wants to bring payments to the chain.

If TON can effectively manage the current crisis and turn it into momentum to boost the project, this incident could become a turning point for TON towards wider adoption.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

In July this year, CoinGecko pointed out in its second quarter 2024 crypto industry report that Meme Coin, Artificial Intelligence and RWA became the most popular categories, accounting for 77.5% of network traffic.