ConsenSys lawyer Bill Hughes stated on X Platform (formerly known as Twitter) that the federal judge of the Southern District of New York explicitly stated in the ruling of the Risely v. Uniswap case on August 29 that Ethereum is a commodity, not a security. The document did not provide an analysis of the issue, only a conclusion, but this is a fairly clear statement by the judge. <br>

According to a tweet from CertiK official, an Ethereum address labeled as "Fake_Phishing184285" has transferred 100 ETH (approximately $172,000) to Tornado Cash. It is reported that the funds came from other active EOA phishing addresses that started 50 days ago.

Coinbase protocol lead Jesse Pollak tweeted that the number of Ethereum bridged to the Base network has exceeded 100,000.

According to L2BEAT data on August 30th, the TVL of Ethereum Layer2 scaling solution Starknet has risen to $118 million, a 7-day increase of 19.49%.

On August 30th, the Ethereum Layer2 scalability solution Starknet ecosystem announced that to celebrate the huge leap of Starknet Mainnet v0.12.1, a 24-hour limited-time official Starknet Quantum Leap NFT minting activity will be launched.

MistTrack monitoring shows that BitBrowser hackers have updated: 1. Hackers transferred a total of 6.5 Ethereum to 0x9713...039a on zkSync Era. 2. Hackers bridged to Arbitrum through Socket and transferred 1 ETH to TornadoCash on Arbitrum. 3. Hackers bridged 5.3 ETH to address 0x9c00...8143 on Optimism through Socket. 4. Address 0x9c00...8143 on Optimism transferred 5.2 ETH to Binance address 0x506f...8845. 5. 83 AVAX has been frozen. 6. A total of 80.97 ETH has been transferred to Railgun on Arbitrum currently.

OpenSea announced the release of two Ethereum comment requests (ERC-7496 and ERC-7498) and two Seaport improvement proposals (SIP-14 and SIP-15) to promote the development of a redeemable ecosystem. Redeemable NFTs allow redemption to receive another on-chain or off-chain item. OpenSea has released a public concept validation to illustrate the experience, allowing the casting of Baby Burn eggs on the OpenSea Drop page, and then proceeding to the exchange page to destroy the egg and exchange it for Burnie.

According to CoinGecko data, the current cryptocurrency market capitalization is $1,147,336,663,392, with a 24-hour trading volume of $66,272,662,683. The current Bitcoin market share is 47.1%, while Ethereum market share is 18.1%.

According to a crypto market analyst at Bloomberg Intelligence, Ethereum is poised to win the "upcoming stablecoin wars" due to its ecosystem, including layer-2 projects like Optimism, Base, and Arbitrum. However, the analyst notes that transferring the top stablecoin, Tether, is more expensive on Ethereum than on other networks.

Ethereum Foundation announced the official release of the Ethereum Execution Layer Specification (EELS) after more than a year of development. According to the blog post, EELS is a Python reference implementation of the core components of the Ethereum execution client, focusing on readability and clarity. EELS aims to be the spiritual successor to the Yellow Paper, more friendly to programmers, and synchronized with the merged fork. EELS can fill in and execute state tests, follow the main network, and is a good framework for building new EIP prototypes. <br>

Braavos deleted yesterday's disclosure article about Starknet token STRK, which included key information such as: After being deployed on Ethereum for nearly 12 months, Starknet STRK Token will soon be configured and open to the public; The functions of Starknet token STRK include governance voting, staking, and gas payment; Subsequent update plans include: reducing transaction costs, improving block generation mode, and allowing gas fee payment based on ERC20 tokens.

Raoul Pal, a former Goldman Sachs executive, is closely monitoring Bitcoin's 30-day historical volatility, which has dropped below 20 for the first time this year. This signal has preceded massive Bitcoin rallies five times in the past, and Pal believes hitting the 20 level could set the scene for Bitcoin to go on a huge run in the coming months.

HashKey Exchange opened bitcoin and ethereum trading to retail investors yesterday and supports deposits and withdrawals. According to the latest data from Coingecko, the 24-hour trading volume of HashKey Exchange was approximately $708,250 (over HKD 5.5 million), with the highest proportion of trading being the ETH/USDC trading pair (approximately 43.67%), followed by ETH/USD (25.44%) and USDT/USD (17.46%). The three bitcoin trading pairs BTC/USDC, BTC/USDT, and BTC/USD accounted for a total of approximately 12.47% of the trading volume.

Glassnode data shows that currently only 55.42% of Ethereum holding addresses are in a profitable state, which is the lowest point in nearly 7 months.

August 29th, Japanese IoT platform developer Jasmy announced that they are building a Layer2 solution based on Ethereum called Jasmy Chain to enhance scalability and provide a more transparent, secure, and personalized data interaction experience.

August 29th, the Aave community's proposal regarding the cancellation of the "GHO Pause and Freeze" has been voted on and passed on the chain, replacing the pause status of GHO assets on Ethereum with a freeze status. Previously, Aave had discovered a technical issue in the integration of GHO and Aave V3 GHO pool, so GHO as an asset was temporarily paused by Aave Guardian.

On August 29th, it was announced that Boba Network's Ethereum layer two scaling solution, BobaAvax, will be shut down starting October 31st. Users are required to transfer all funds to the Avalanche mainnet before October 31st to avoid the risk of permanently losing access to any assets on BobaAvax. BobaAvax is reported to be Boba Network's layer two scaling solution on Avalanche.

On August 28th, according to CryptoQuant data, the daily fee paid by users for transactions on Ethereum on August 27th was 1,719 ETH, which is the lowest point since December 26th of last year. Compared to the annual high of 16,720 ETH on May 5th, this is an 89% decrease. The decrease in the total amount of fees paid indicates a lower network usage, which may be due to the increasing popularity of L2 scaling solutions. This is a long-term positive development for Ethereum.

The wallet address associated with Ethereum co-founder Vitalik Buterin, labeled "vitalik.eth," has transferred 3,000 ETH worth approximately $4.95 million to the labeled-address "Vb 2." This follows Buterin's recent transfer of 600 ETH worth nearly a million to Coinbase. These large transactions have raised concerns among the crypto community about potential price declines. While Ethereum's price has shown signs of recovery, it is encountering resistance at the $1,660 and $1,670 levels, and failure to breach the latter could lead to continued downward movement.

According to an official announcement, HashKey Exchange has opened up deposit, withdrawal, and trading services for Bitcoin (BTC) and Ethereum (ETH) to retail investors. The exchange has also officially opened BTC/USD and ETH/USD trading pairs for retail investors.