Ethereum is 8 Years Old
Ethereum was launched 8 years ago on July 30th as the first decentralized, open-source, smart contract blockchain.
Hacking Incident at Curve
Curve Finance experienced a hacking incident that put more than $100 million at risk. After they announced it on their own Twitter accounts, CRV token retreated by 20%. It was stated that the incident occurred due to a re-entry bug in stablepools using Vyper, the programming language used to power Curve. It was also announced that other projects using Vyper may also have such a vulnerability. It is estimated that around $42 million was stolen, while more than $100 million could be at stake.
How Many of the World’s Biggest Banks Support Crypto?
According to Coingecko’s research, 20 of the world’s 30 largest banks and 74% of the 50 largest banks support crypto trading transactions by adhering to regulated exchanges. Among the 30 banks, all of the banks that do not support crypto assets are located in China, and the easing of bans in China and the return to the blockchain adaptation process will further increase this rate.
SEC’s Surprising Demand to Coinbase
There has been an ongoing SEC-Coinbase case since early June. However, the fact that Coinbase was listed on the US stock exchange and played an active role in ETF applications tied the SEC’s hands. According to a statement made by Coinbase CEO Brian Armstrong, the SEC asked Coinbase to remove all crypto assets except Bitcoin and to be open only for Bitcoin trading before suing Coinbase. Brian Armstrong said this left him no choice but to go to court.
New Development in Shibarium
Shortly before the release of Shibarium, Shibarium Beta Bridge will be available for testing purposes. This signaled that the opening of the Shibarium was imminent.
New Record for Cardano
Cardano has reached a new record that sets it apart from other blockchains. Cardano has once again proven to be robust and reliable, with an uptime of exactly 2130 days, or 5.83 years. Although almost all blockchain projects experience interruptions from time to time, the fact that Cardano has not experienced any interruptions since its launch in 2017 can be considered a significant success.
BITCOIN(BTC)
Bitcoin is priced at $ 29,414 with a 0.45% gain in value as of today morning hours. We saw that the horizontal movement in Bitcoin, which continued throughout the weekend, remained in the range of 29,300-29,400 on very low volume without making upward and downward attempts. In Bitcoin, which could not overcome the $ 400 horizontal movement it realized despite the intense economic calendar we saw last week, we see that after testing 29,000 support in the night hours, the resistance level of 25,500 was tested in the morning hours, but the price retreated again without breaking in both directions. He said that the volume in Bitcoin is still at very low levels and that there is no new development, etc. It seems that Bitcoin will not move easily unless something happens.
ETHEREUM (ETH)
ETH, which gained 0.20% as of morning hours, is priced at $ 1865. While pricing continues in the lower band of the channel in Ethereum, we can say that the 50 and 100-day moving averages continue to work as support and the target level is the upward break of the 1890 region, which is the channel mid-band. If the moving averages break down, we can say that our next support level will be the 1845 region and we think that it will not withstand much selling pressure.
AVALANCHE (AVAX)
AVAX, which gained 0.06% as of morning hours, is priced at $ 13.11. We see that the low-volume horizontal and tight movement continues in AVAX. Using its 50-day moving average as support, AVAX is trying to break the 13.42 level upwards. After its most recent upward test move yesterday, it reconfirmed its 50-day moving average with a rapid decline.
