💬 Ethereum network revenue has fallen 99% since March this year

This happened after the Dencun hardfork, one of the main components of which was the EIP-4844 update, which implemented the Proto-Danksharding option.

Dencun also allowed to significantly reduce commissions in Ethereum network scaling solutions (L2 and L3) - currently 74 Layer-2 and 21 Layer-3 projects are fully up and running.

#eth

😔 Cardano founder Charles Hoskinson criticised Bitcoin for its lack of innovation

And also stated that it could gradually lose its position in the market.

While BTC supporter Tuur Demester pointed out that in just 3 years Cardano has gone from 10% of bitcoin's market value to a measly 1% and has fallen out of the top 10, and ADA prices have fallen 89.2% from ATH in September 2021.

#ADA #BTC

🛍 Half of tap-to-earn app users are new to crypto

Gleb Kostarev said that half of the 50 million users who have registered on Telegram app Blum are absolute beginners in cryptocurrencies.

The emergence of tap-to-earn gaming apps on Telegram marked the beginning of the most mass adoption of cryptocurrency in recent years.

#Telegram #Blum

⌛️ The probability of the Fed cutting the interest rate by 25 points has already been estimated on Polymarket

Users of the platform believe that the Fed will cut the interest rate by 25 basis points with a 77% probability. The next meeting is scheduled for 17-18 September 2024.

The overall probability of a rate cut is 98%. The pool of put funds for this position has reached $10.9 million.

#polymarket #fed

🔵 Protos and CK Pool visualised the performance of solo miners over the last decade

During this period, ‘solo miners’ mined 329 blocks.

Contrary to the increasing difficulty of mining and the industrialisation of the trend, solo block finds have been noticeably more frequent in recent years.

#mining #CKPool

⬇️ Collected the top important network updates of this week

1️⃣ Fantom is launching its biggest update this week called Sonic

2️⃣ Arbitrum's Stylus update is scheduled for 3 September

3️⃣ Polygon's MATIC token MATIC will be renamed POL on 4 September.

#tokens #updates

😮 Polymarket has been successfully integrated into the Bloomberg trading terminal

This is according to its founder Shane Coplan.

#polymarket

📉 Nvidia shares have fallen almost 10% in the last 24 hours

In a day, $300 billion of capitalisation was lost, making it the biggest one-day drop in the history of the US market.

The share price collapsed due to news of an antitrust investigation against Nvidia.

#nvidia

💬 Hackers hacked the Penpie protocol for $27 million

In this way, the attackers managed to get hold of assets worth about $27 million. The hackers channelled some of the funds to cryptomixer Tornado Cash.

#scam #penpie

🔵 Arthur Hayes is looking in a bearish direction

Unexpectedly, he stated that Bitcoin could fall to $50k and altcoins will become worthless.

He also states that the only addition to the portfolio is to increase position size ‘in safe altcoins.’

#hayes

🔵 The number of active addresses in the Bitcoin network has fallen to new 2024 lows

Thereby reaching the level that was recorded 3 years ago when Bitcoin was trading around $45,000.

#BTC

📉 The ZkSync network is experiencing a decline in activity

Blockchain is struggling with active users on the network.

The number of daily transactions is falling, and deposits to the network in general have only reached 1-5 deposits per day.

#blockchain

🇨🇭 The $290 billion Zurich Cantonal Bank announced the launch of a service to sell BTC and ETH

#btc #eth

💻 A clear comparison of memcoin launch platforms PumpFun and SunPump

#SOL #TRX #SUN

👮‍♀️ Robinhood will reimburse a $3,900,000 fine

Related to the charge is a cryptocurrency withdrawal restriction. 2018 to 2022, the company's customers were forced to sell their assets to withdraw funds from the platform.

#robinhood