Ethereum has achieved a significant milestone by entering the top 50 global assets based on market capitalization, with a current value of $223 billion, surpassing palladium and trailing platinum by only $17 billion. Bitcoin also retains a strong position as the 12th largest global asset by market capitalization, valued at around $570 billion.

According to The Block, according to mevboost.pics data, as part of Curve’s pool was attacked, MEV (maximum extractable value) revenue reached 6,006 ETH (approximately $11.1 million) on July 30, setting a record since the merger of Ethereum. highest record. Analyst Eric Conner observed that slot 6,992,273 yielded 584 ETH ($1.08 million) in rewards, slot 6,993,342 yielded 345 ETH ($641,000), and slot 6,992,050 was a close second with 247 ETH ($459,000).

The recent exploit on Curve Finance has resulted in some of the largest Maximal Extractable Value (MEV) reward blocks in Ethereum's history. MEV refers to the potential revenue that can be extracted from reordering or inserting transactions in a block to create arbitrage opportunities. MEV bots are designed to capitalize on such opportunities, often by front-running transactions to gain an advantage.

Mike Novogratz, the founder of Galaxy Digital, shared his investment recommendations for young investors with a high-risk tolerance in an interview with Bloomberg Wealth. He suggests a portfolio that combines traditional assets like Alibaba, silver, and gold with leading cryptocurrencies Bitcoin and Ethereum.

An Ethereum address that participated in the initial coin offering has transferred out 641 ether, worth almost $1.2 million, after eight years of inactivity. The move was made in order to stake the ether. The address had received 2,000 ether from Ethereum's genesis at a price of around $0.31 per coin, which is now worth over $3.72 million.

Coinbase's Ethereum layer-2 scaling solution Base has seen a surge in memecoin trading, with tokens like "BALD" experiencing gains of up to 289,000% within the first 14 hours of trading. However, these tokens have no official website, purpose, creator, or utility, and investing in them should be treated as gambling adjacent. Some investors managed to score a 100,000% return on a relatively small initial investment, but there is also the potential danger of scams, rug pulls, and severe financial losses.

The price of Ethereum is facing difficulty in surpassing the $1,880 and $1,900 resistance levels against the US Dollar, and may experience a fresh decline if it remains below them. The cryptocurrency is currently trading below $1,875 and the 100-hourly Simple Moving Average, and struggling to rise above a key bullish trend line. However, if it manages to break above the $1,900 level, it could potentially rise towards the $1,950 and $2,000 levels. On the downside, initial support is near the $1,860 level, followed by major support at $1,850 and $1,780.

On July 31, 2023, Ethereum experienced some of its largest Miner Extractable Value (MEV) reward blocks in history, according to blockchain researcher Eric Conner. MEV refers to the amount of value that miners can extract from a blockchain by reordering transactions and manipulating the order in which they are processed.

Curve Finance's factory pools have been hit by a reentrancy vulnerability, which allowed attackers to drain funds or exploit the contract's logic. The vulnerability led to significant outflows across various associated pools, resulting in over $26 million being lost. The attacker targeted Curve's factor pools of multiple projects, including JPEGd, Metronome, and Alchemix. The attack involved a sequence of interactions initiated with a flashloan, which appears to exploit the reentrancy vulnerability associated with certain compiler versions of Ethereum smart contract programming language Vyper. Investigations are ongoing, but there are speculations that whitehat hackers could be involved in a rescue operation.

According to data from Dune Analytics, the monthly sales volume of Ethereum and Polygon-based NFTs on OpenSea has hit its lowest point this year, with a total sales volume of $120.79 million at the end of July, representing an 82% drop from the February high. Similarly, Polygon-based NFTs on OpenSea have experienced a 98% decline in sales volume since February, with a sales volume of only $8.35 million in the last 30 days.

According to CoinGecko data, on July 30, 2015, Ethereum was officially launched. The genesis block with block height 0 was born at 03:26:13 UTC and provided a block reward of 5 ETH. At present, the Ethereum mainnet has been in operation for 8 years. At present, the total number of transactions in Ethereum has exceeded 2.05 billion Txns, the total number of addresses has reached 296 million, the number of contract addresses has reached 61.61 million, and the total transaction volume has reached 9.93 billion ETH.

Kraken, a cryptocurrency exchange, announced on Sunday that it has resolved issues with Ethereum's funding gateway. The exchange stated that all systems are now operational but did not provide any details on the cause of the issue. Earlier on Sunday, Kraken had reported that it was investigating the issue, which could have caused delays in deposits and withdrawals. Ethereum is the second-largest cryptocurrency in the world.

According to data scientist Jack Gorman at Variant Fund, over 27 million new Ethereum (ETH) wallets were activated in the past 12 months, with over 2 million new addresses showing activity on the network every 30 days. However, only 4.5-7 million of these addresses authorize at least one transaction every month. Over 70% of wallets are dropped after 30 days of activity, and three out of five Ethereum (ETH) addresses on the network only complete one transaction.

Bitcoin and Ethereum saw gains over the weekend, with BTC surpassing $29,000 and ETH reaching over $18,000. However, BTC experienced a slight decrease in percentage performance. Other altcoins, such as Litecoin and Dogecoin, also saw minor gains. Shiba Inu was the top gainer with a 5.38% increase in 24 hours, while Toncoin experienced the biggest loss. The global crypto market cap increased by 0.09% to $1.19 trillion. 

Arthur Hayes, co-founder of BitMEX, believes that Ethereum will benefit greatly from AI technology, as it is the most widely used decentralized virtual machine and is the logical base for AI applications to create decentralized autonomous organizations (DAOs) to execute smart contracts. He predicts that tokens issued by AI DAOs will trade on decentralized exchanges (DEXs), mostly those built on top of Ethereum, and that DEXs will trade more than traditional exchanges as DAOs capture more economic value than companies. Hayes estimates that if DEX trading volumes were to reach 20% of traditional stock exchange volumes recorded in 2022, Ethereum could run up to 1,556% from its current price of $1,875 to hit $31,063, and could reach a five-figure price in about half a decade from now.

Bitcoin and Ethereum have increased their shares to over 70% of the total cryptocurrency market capitalization for the first time since April 2021, while stablecoins have seen a decline in market capitalization. The recently released Crypto Market Insights Report 2023Q2 by TokenInsight shows that the stablecoin market cap decreased by 7% in the first half of 2023 to $128 billion as of the end of June. The report suggests that regulatory actions against major stablecoins, USD Coin (USDC) and Binance USD (BUSD), have contributed to the downward trend. Additionally, Ethereum staking has surged post-Shapella upgrade, and LSDFi market and Layer-2 networks have exhibited impressive growth.

A recent report by CME Group highlights the impact of tech stocks, the US dollar, and Bitcoin supply on the movement of Ethereum. The report suggests that Ethereum benefits more than Bitcoin when technology stock prices increase, resulting in a rise in the ETH/BTC exchange rate. However, a stronger US dollar has a negative impact on Ethereum compared to Bitcoin. The report attributes these differences in response to macroeconomic factors to the economics of Ethereum's unlimited supply and Bitcoin's capped supply.

Buyers are still in control, leading to little change in the situation from yesterday. Ethereum has seen a slight increase of 0.37% in the last 24 hours and is looking bullish on the local chart with a break in resistance at $1,864. However, there is not expected to be any significant movement until the end of the day due to most of the ATR already being passed. Ethereum is currently consolidating around $1,870, with the possibility of further growth towards $1,940 if it fixes above $1,900. The weekly chart shows a lack of initiative from both bulls and bears, leading to sideways trading between $1,850 and $1,950 until mid-August. Ethereum is currently trading at $1,877.

According to the official announcement, the South Korean encryption exchange Upbit will launch IMX today, support the KRW market trading pair, and only support the Ethereum network recharge. Deposits and withdrawals can only be made from personal wallet addresses that have completed ownership verification. The expected trading start time is 04:00 on July 28 (UTC)

The British Museum has partnered with Ethereum-based metaverse game, The Sandbox, and French startup LaCollection to create a range of NFT digital collectibles that reflect the museum's collections. The partnership will also see The British Museum create its own immersive space within the online game world.