According to Odaily, the past week has been challenging for The Open Network (TON) ecosystem due to a series of adverse events. The turmoil began with the arrest of Telegram founder Pavel Durov, which was followed by two block production interruptions on the blockchain network caused by excessive load. Additionally, from June 23, 2024, to August 30, 2024, the total market value of the top ten tokens in the TON ecosystem decreased from $20.51 billion to $15.38 billion. During this period, the market value of Toncoin (TON) dropped from $18.71 billion to $13.57 billion, while Notcoin (NOT) saw a significant decline from $1.5 billion to $849 million.

Over the past week, The Open Network (TON) ecosystem has suffered a series of setbacks due to a series of unfavorable news. The turmoil began with the arrest of Telegram founder Pavel Durov, and then the blockchain network was interrupted twice due to excessive load. In addition, from June 23, 2024 to August 30, 2024, the total market value of the top ten tokens in the TON ecosystem shrank from US$20.51 billion to US$15.38 billion, a decrease. During this period, the market value of Toncoin (TON) fell from US$18.71 billion to US$13.57 billion; Notcoin (NOT) also fell sharply, from US$1.5 billion to US$849 million. (Bitcoin.com)

According to Foresight News, data from Alternative.me indicates that the Cryptocurrency Fear and Greed Index stands at 26 today. This is a slight decrease from yesterday's index of 29, which was also categorized as a 'Fear' state. The index continues to reflect a sentiment of fear within the cryptocurrency market.

According to Odaily, data from bitinfocharts.com indicates that Ethereum's average on-chain fees have remained low. Over the past 90 days, the average fee rate has been steadily decreasing, with only a few brief, minor increases. On August 8, the average on-chain fee for Ethereum transactions was $2.452, but it has since dropped to $0.743, falling below $1. Historically, the median fee has been even lower: $0.786 on August 8, and currently at 0.000079 ETH or $0.198. Etherscan's Gas Tracker shows transaction costs of less than one gwei. As of August 31, Ethereum transfer fees ranged between 0.763 and 0.972 gwei, equivalent to $0.05 to $0.06 per transaction. Etherscan data also reveals that high-priority token swaps cost $0.95, selling NFTs costs around $1.6, and bridging between networks costs approximately $0.31. Since the Ethereum Dencun upgrade, Ethereum has experienced an annual inflation rate of 0.734%. This upgrade has reduced transaction fees by four times, significantly decreasing the amount of ETH burned through transaction fees.

Etherscan data shows that the supply of USDe, a stablecoin issued by Ethena Labs, has fallen below 2.9 billion. It is currently about 2,837,096,104, with 16,746 holders and 558,904 transfers.

Interest in AI-linked crypto assets is rising, but are market whales listening too? source: https://ambcrypto.com/shiba-inu-whale-swaps-shib-worth-3-5m-for-ai-token-fet-heres-why/

Data from bitinfocharts.com shows that the average Ethereum on-chain fee remains low. In the past 90 days, except for a few short-lived small increases, the average fee rate has been steadily declining. On August 8, the average on-chain fee for Ethereum transactions was $2.452, but as of press time, it has fallen to $0.743, less than $1. The historical median fee is even lower: $0.786 on August 8, and currently 0.000079 ETH or $0.198. Etherscan's gas tracker even shows that the transaction cost is less than one gwei. As of August 31, Ethereum transfer fees ranged from 0.763 to 0.972 gwei, equivalent to $0.05 to $0.06 per transaction. According to Etherscan, a high-priority token swap will cost $0.95, selling an NFT will cost about $1.6, and bridging between networks will cost about $0.31. Since the Ethereum Dencun upgrade, Ethereum has again seen an annual inflation of 0.734%. This upgrade reduced transaction fees fourfold, significantly reducing the amount of ETH destroyed through transaction fees. (Bitcoin.com)

According to Odaily, Bitcoin mining company Cipher Mining (CIFR) has announced a $67.5 million investment to acquire a 250-acre property in West Texas. This acquisition includes a 300 MW data center and aims to expand the company's portfolio capacity to 2.5 GW.

Coinglass data shows that the nominal value of open BTC options positions across the entire network today is US$19.636 billion, and the nominal value of open ETH options positions is US$5.424 billion.

Bitcoin mining company Cipher Mining (ticker: CIFR) announced an investment of $67.5 million to acquire a 250-acre property in West Texas, including a 300 MW data center, to expand its portfolio capacity to 2.5 GW. (Bitcoin News)

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

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

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.