According to Lookonchain monitoring, four whale addresses increased their holdings of over 56,000 Ethereum in the past week, worth approximately $94 million. Among them, address 0x3CEE increased their holdings by 18,000 Ethereum (approximately $30 million), address starting with 0x3478 increased their holdings by 2,000 Ethereum (approximately $3.4 million), address starting with 0x5bA3 increased their holdings by 17,900 Ethereum (approximately $30 million), and smartestmoney.eth increased their holdings by 18,200 Ethereum (approximately $30.6 million).

On August 24th, according to an official announcement, Binance will support the contract exchange and brand restructuring of Travala.com (AVA) on the Ethereum (ERC20) network, which will be renamed as AVA (AVA).

The DeFi insurance protocol Nexus Mutual has pledged 6,624 Ethereum, worth about $11 million, to Kiln through the decentralized asset management protocol Enzyme.

Bitcoin rose over 3% to surpass $26,600 on Wednesday, marking its highest price this week. Ether also saw a 3.5% increase, approaching the $1,700 level. Solana's SOL and NEAR Protocol's native token both saw gains after being integrated into various platforms. <br>

The distributed stablecoin project Hope.money has announced its new project roadmap to the community today:

August 23, Web3 infrastructure company Risc Zero released Zeth, an open-source ZK block proof verifier based on RISC Zero zkVM for Ethereum. Zeth can prove that a given Ethereum block is valid in just a few minutes without relying on validators or synchronizing committees. Risc Zero said that Zeth can be used to help developers build ZK rollups, zkEVM, light clients, and cross-chain bridges more easily.

According to blockchain tracker Lookonchain, a trader on the decentralized exchange GMX earned over $1 million by correctly predicting Ethereum's price movements over the past few weeks. The trader shorted ETH on July 14th when it was trading near $2,000 and closed the position after the market crash last Thursday.

According to DefiLlama data, there is approximately $46.97 million in on-chain loan liquidation volume for Ethereum at around $1,463.

According to DefiLlama data on August 22, the protocol fee of friend.tech reached 1.68 million US dollars in 24 hours, ranking second only to Ethereum, surpassing Lido and Tron.

According to analytics firm IntoTheBlock, Ethereum layer-2s are thriving despite the bear market. The firm highlights Optimism, Arbitrum, and Base as the hottest layer-2s. Coinbase's Base has been a standout, surpassing Optimism in daily transactions shortly after launching. IntoTheBlock notes that the layer-2 ecosystem has been showing healthy fundamentals throughout the market volatility and is poised to benefit greatly from the implementation of the Dencun upgrade.

Prominent esports influencers, including FaZe Banks, FaZe Rain, and Nadeshot, have earned significant passive income on the new crypto platform Friend.tech. The platform, which operates on the Base network, allows users to trade "keys" of various individuals and grants key buyers access to a dedicated group chat. As keys are bought and sold, the individual whose keys are being traded receives a small percentage of the sale in Ethereum. The platform remains invite-only for now, and it's unclear when it will be opened up to a broader audience.

According to DefiLlama data, in the past 24 hours, friend.tech has generated nearly $710,000 in protocol revenue, ranking first among DApps, surpassing well-known DeFi protocols such as TRON and Uniswap, and second only to Ethereum and Lido.

On August 21st, according to an official announcement, Binance has completed the integration of Pancake Swap (CAKE) on the Ethereum (ERC20) network and Kyber Network (KNC) on the Polygon network. Deposits and withdrawals of Pancake Swap (CAKE) and Kyber Network (KNC) tokens are now open on the Ethereum (ERC20) and Polygon networks respectively.

Data released on the official social media of the Ethereum Layer 2 solution zkSync shows that the TPS (transactions per second) of the zkSync Era network has reached a record high of 13.44, surpassing other competing chains such as Ethereum (12.05), Base (7.69), Arbitrum One (7.38), Starknet (5.23), and OP Mainnet (4.43).

According to a report by Trust News, HashKey, a licensed virtual asset platform approved by the Hong Kong Securities and Futures Commission earlier this month, will launch a trading platform application for retail investors on August 28. Livio Weng, CEO of HashKey Group, stated in an interview that initially, retail investors can invest in Bitcoin and Ethereum, and investment in virtual assets will be limited to no more than 30% of total assets.

Golden Finance reported that with the retirement of the Ethereum Goerli test network in January 2024, a new Ethereum test network named "Holesky" will launch next month. The name still follows the tradition of naming test networks after train stations, and the name "Holesky" comes from a subway station in Prague called Nádraží Holešovice. Although Holesky is designed to be very similar to Sepolia, its purpose is more focused on infrastructure and protocol development. Meanwhile, Sepolia will still be the preferred testing ground for Ethereum-based applications. Unlike Sepolia, Holesky will have a fixed supply of test network tokens. However, the upper limit of 1.6 billion is still far higher than the total supply of ETH on the mainnet, which is currently around 120 million.

Billy Markus, co-founder of Dogecoin, recently interacted with the crypto community on social media platform X, revealing his personal preferences for virtual currencies and disclosing the technical foundation of Dogecoin. Markus emphasized the importance of cautious investment and stated that his first principle for investing in cryptocurrencies is to never invest more than you are willing to burn in the fire. In addition, Markus revealed that he favors Bitcoin (BTC) and Ethereum (ETH), the two leading cryptocurrencies in terms of market value. Markus expressed his opinion on Dogecoin straightforwardly, likening it to "Bitcoin wearing a dog costume" and emphasizing the fun spirit of Dogecoin.

Citing people familiar with the matter, the U.S. Securities and Exchange Commission (SEC) may approve multiple Ethereum futures exchange-traded fund (ETF) applications at the same time. Since July, regulatory agencies have received a large number of applications from investment companies, including requests combining futures Bitcoin (BTC) and Ethereum strategies. As of now, the U.S. Securities and Exchange Commission has not instructed these companies to withdraw their applications, which is different from similar applications being instructed to withdraw by companies in 2021. According to sources from The Wall Street Journal, this indicates that regulatory agencies will not prevent the launch of the fund within a few weeks. At least 16 Ethereum or Bitcoin-Ethereum futures ETF applications are waiting for regulatory approval.

According to NFTGo data, the number of buyer addresses in the Ethereum NFT market in the past 24 hours was 4,791, and the number of seller addresses was 4,344. In the past 30 days, the number of profitable addresses was 53,541, and the number of losing addresses was 442,790. In addition, the current sentiment index of the Ethereum NFT market is 20, with a level of "Cold".

According to the news from TechFlow, BTCX Token based on Ethereum has announced its token economics. The total supply of BTCX is 21 million, of which:25% (5.25 million tokens) is used for pre-sale;41% (8.61 million tokens) is used for destruction;24% (5.04 million tokens) is used for staking rewards;10% (2.1 million tokens) is used to promote liquidity.