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.

According to a popular crypto analyst on social media platform X, Bitcoin is likely to experience a significant drop close to the $20,000 level before a surge above $50,000, marking the end of its downward trend. The analyst, Inmortal, believes that Bitcoin's current price action is similar to that of late 2019, when it fell from $10,000 to $6,000.

Delphi Labs researcher lex_node stated on social media X (formerly Twitter) that the proposed financial regulations for cryptocurrency brokers have just been released, which explicitly categorizes various personnel involved in DeFi (including website operators communicating with wallets) as brokers. Many DeFi network applications that have US users will need to track users' profits and losses and issue tax reports to them every year.

According to Ethereum developer @parithosh_j, the genesis file for the Ethereum public testnet Holesky has been generated and will be released on September 15th at 22:00 Beijing time. It is initially configured with 1.46 million validator nodes (twice that of the mainnet) to test the limit of validator set size, as well as an initial issuance of 2 billion hETH testnet native tokens to address the shortage of gETH native tokens on the previous Goerli testnet.

Despite the recent price crash of Ethereum (ETH), large players have been accumulating while smaller traders have been trying to offload their supply, leading to a concentration of ETH supply in the top 10 addresses. However, this does not indicate centralization of ETH. On-chain data provider Santiment explains that smaller traders are succumbing to fear, uncertainty, and doubt (FUD) during this market dip.

On August 25th, governance platform Snapshot announced support for the Ethereum Layer 2 network Mantle Network.

August 25th, Taiko, an Ethereum Layer2 network based on zkRollup, recently announced its first funding program on its website. The program aims to discover and support innovative community members who are building and developing in the Taiko ecosystem, and provide the economic incentives and developer resources needed to achieve their vision.

According to the data on the Ethereum official website, the total number of validators on the beacon chain has exceeded 750,000, with a total network staking amount of 24,006,384 ETH. Historical data shows that the total number of Ethereum beacon chain validators surpassed 600,000 in early June, meaning that this indicator has increased by more than 25% in the second quarter.

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.