BitKeep, a Web3 multi-chain wallet, and Hope.money, a decentralized stablecoin protocol, have unveiled an exciting ecosystem campaign for users. The campaign is scheduled to run from August 1st, 19:00 (UTC+8), through August 8th, 19:00 (UTC+8), and will allow users to earn their share of an impressive $20,000 prize pool comprising of both $HOPE and $LT (Light Token). To participate, users simply have to either fill in a simple form with their BitKeep Ethereum address, or complete specific tasks on Galxe, QuestN, or TaskOn.

This week in the world of non-fungible tokens (NFTs) has seen a range of offerings highlighting the expanding industry, despite a sluggish market and declining sales. Practical NFT applications have emerged, such as gaming NFT cards from Gods Unchained and fantasy sports NFTs from Sorare.

The recent hack of decentralized finance protocol Curve Finance has had negative implications for multiple blockchains in the Web3.0 ecosystem, with Ethereum being one of the most affected. The total value locked (TVL) on Ethereum's Layer 1 network has dropped by almost 8% since the Curve attack went mainstream.

Information on the chain shows that more than 83 million stablecoin FDUSD were issued today, of which 68.29 million were issued on Ethereum and 14.98 million were issued on BNB Chain. As of press time, the circulation of FDUSD on Ethereum is 79.42 million, and the circulation on BNB Chain is 25.07 million.

Term Labs has launched its fixed-rate lending protocol on Ethereum, which promises zero slippage and no spread. The protocol is designed to appeal to professional portfolios by offering low fees and high-quality blue chip collateral such as Bitcoin, Ethereum, and stablecoins. The lending and borrowing activities that have been most popular among the 2,000 testnet users and private mainnet beta involve borrowing stablecoins against liquid staking tokens and Tether against USDC. Term Finance plans to expand to other blockchains and layer-2 solutions in the near future.

Investors are accumulating stablecoins such as Tether USDT, USDC, BUSD, and DAI as Bitcoin and Ethereum struggle to surpass their psychological barriers. BTC has been unable to break the $31,000 mark, while ETH is facing challenges maintaining the $2,000 level. Traders are finding comfort in their stablecoin positions amidst the volatile crypto market. Despite this, data from Coinglass suggests that traders remain optimistic and are betting on a potential price rise for BTC and ETH.

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.