Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "

According to BlockBeats, the BitVol (Bitcoin Volatility) Index, launched by financial index company T3 Index in collaboration with options trading platform LedgerX, dropped to 53.61 on September 1. This marks the lowest level since July 2, with a single-day decrease of 2.79%. The BitVol Index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by actual options prices. It is calculated using the Black-Scholes options pricing formula, where the actual options price and other parameters, except for volatility (σ), are input into the formula to derive the implied volatility. The actual price of options is determined by the competition among numerous options traders. Therefore, implied volatility represents the market participants' views and expectations for the future, making it the closest approximation to the real-time volatility at that moment.

According to Odaily, the past week has been challenging for The Open Network (TON) ecosystem due to a series of adverse events. The turmoil began with the arrest of Telegram founder Pavel Durov, which was followed by two block production interruptions on the blockchain network caused by excessive load. Additionally, from June 23, 2024, to August 30, 2024, the total market value of the top ten tokens in the TON ecosystem decreased from $20.51 billion to $15.38 billion. During this period, the market value of Toncoin (TON) dropped from $18.71 billion to $13.57 billion, while Notcoin (NOT) saw a significant decline from $1.5 billion to $849 million.

Over the past week, The Open Network (TON) ecosystem has suffered a series of setbacks due to a series of unfavorable news. The turmoil began with the arrest of Telegram founder Pavel Durov, and then the blockchain network was interrupted twice due to excessive load. In addition, from June 23, 2024 to August 30, 2024, the total market value of the top ten tokens in the TON ecosystem shrank from US$20.51 billion to US$15.38 billion, a decrease. During this period, the market value of Toncoin (TON) fell from US$18.71 billion to US$13.57 billion; Notcoin (NOT) also fell sharply, from US$1.5 billion to US$849 million. (Bitcoin.com)

비트코인 ​​장기 보유자들은 8월에 보유량이 262,000 BTC 증가하여 총 보유량이 1,482만 BTC에 달해 전체 공급량의 75%를 차지했다. 상위 10개 익명 BTC 지갑 중 7개 지갑은 2년 이상 비활성 상태였으며, 237,816 BTC(140억 4천만 달러 상당)를 보유하여 순환 공급량의 1.2%를 차지한다. 지난 7일 동안 바이낸스의 비트코인 잔액이 43,000개 이상 감소 비트코인 9월 실적은 지난 10년 중 3년 ... source: https://coincode.kr/24621

According to Foresight News, data from Alternative.me indicates that the Cryptocurrency Fear and Greed Index stands at 26 today. This is a slight decrease from yesterday's index of 29, which was also categorized as a 'Fear' state. The index continues to reflect a sentiment of fear within the cryptocurrency market.

According to Odaily, data from bitinfocharts.com indicates that Ethereum's average on-chain fees have remained low. Over the past 90 days, the average fee rate has been steadily decreasing, with only a few brief, minor increases. On August 8, the average on-chain fee for Ethereum transactions was $2.452, but it has since dropped to $0.743, falling below $1. Historically, the median fee has been even lower: $0.786 on August 8, and currently at 0.000079 ETH or $0.198. Etherscan's Gas Tracker shows transaction costs of less than one gwei. As of August 31, Ethereum transfer fees ranged between 0.763 and 0.972 gwei, equivalent to $0.05 to $0.06 per transaction. Etherscan data also reveals that high-priority token swaps cost $0.95, selling NFTs costs around $1.6, and bridging between networks costs approximately $0.31. Since the Ethereum Dencun upgrade, Ethereum has experienced an annual inflation rate of 0.734%. This upgrade has reduced transaction fees by four times, significantly decreasing the amount of ETH burned through transaction fees.

Etherscan data shows that the supply of USDe, a stablecoin issued by Ethena Labs, has fallen below 2.9 billion. It is currently about 2,837,096,104, with 16,746 holders and 558,904 transfers.

Interest in AI-linked crypto assets is rising, but are market whales listening too? source: https://ambcrypto.com/shiba-inu-whale-swaps-shib-worth-3-5m-for-ai-token-fet-heres-why/

Data from bitinfocharts.com shows that the average Ethereum on-chain fee remains low. In the past 90 days, except for a few short-lived small increases, the average fee rate has been steadily declining. On August 8, the average on-chain fee for Ethereum transactions was $2.452, but as of press time, it has fallen to $0.743, less than $1. The historical median fee is even lower: $0.786 on August 8, and currently 0.000079 ETH or $0.198. Etherscan's gas tracker even shows that the transaction cost is less than one gwei. As of August 31, Ethereum transfer fees ranged from 0.763 to 0.972 gwei, equivalent to $0.05 to $0.06 per transaction. According to Etherscan, a high-priority token swap will cost $0.95, selling an NFT will cost about $1.6, and bridging between networks will cost about $0.31. Since the Ethereum Dencun upgrade, Ethereum has again seen an annual inflation of 0.734%. This upgrade reduced transaction fees fourfold, significantly reducing the amount of ETH destroyed through transaction fees. (Bitcoin.com)

One cryptocurrency analyst says Bitcoin must avoid falling below $56,000 if it is to maintain its long-term uptrend.

In this section, we will introduce some macro-environment related data and what it means to the market.

Less than a month after his Bitcoin sneakers sold out, Trump has begun selling his fourth series of NFTs.

This week, 26 blockchain startups raised a total of $182.5 million in funding. Ten projects received pre-seed and seed rounds, and 15 projects received other rounds of funding.

This article will analyze the Artela ecosystem, which has been very popular among developers recently, and explore the potential applications of its EVM++ technology.

Comments from prominent market players suggest that the upcoming distribution of funds from the Mt. Gox bankruptcy could have a significant impact on Bitcoin’s price dynamics, leading to increased selling pressure.

Just as Paypal brought payments to the Internet before, now Paypal wants to bring payments to the chain.

If TON can effectively manage the current crisis and turn it into momentum to boost the project, this incident could become a turning point for TON towards wider adoption.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

In July this year, CoinGecko pointed out in its second quarter 2024 crypto industry report that Meme Coin, Artificial Intelligence and RWA became the most popular categories, accounting for 77.5% of network traffic.