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)

According to Odaily, Bitcoin mining company Cipher Mining (CIFR) has announced a $67.5 million investment to acquire a 250-acre property in West Texas. This acquisition includes a 300 MW data center and aims to expand the company's portfolio capacity to 2.5 GW.

Coinglass data shows that the nominal value of open BTC options positions across the entire network today is US$19.636 billion, and the nominal value of open ETH options positions is US$5.424 billion.

Bitcoin mining company Cipher Mining (ticker: CIFR) announced an investment of $67.5 million to acquire a 250-acre property in West Texas, including a 300 MW data center, to expand its portfolio capacity to 2.5 GW. (Bitcoin News)

According to Odaily, a recent report by TRM Labs reveals that cryptocurrency ATMs are increasingly vulnerable to fraud and money laundering due to often lacking stringent KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. Since 2019, these machines have processed at least $160 million in illicit funds. In 2023 alone, the proportion of illegal transactions handled by crypto ATMs reached 1.2% of their total transaction volume, compared to 0.63% for the entire cryptocurrency ecosystem. The report also highlights that over $30 million in illegal funds in 2023 were linked to known scam addresses, underscoring the role of crypto ATMs in facilitating fraudulent schemes. This finding comes as global regulators intensify scrutiny over the cash-to-crypto sector. In Germany, authorities recently seized 13 unlicensed Bitcoin ATMs and confiscated nearly €250,000 in cash.

According to a new report from TRM Labs, crypto ATMs are more vulnerable to fraud and money laundering due to the general lack of strict KYC and AML protocols, processing at least $160 million in illicit funds so far since 2019. In 2023 alone, the proportion of illegal transactions processed by cryptocurrency ATMs reached 1.2% of their total transaction volume, while the proportion of illegal transactions in the entire crypto ecosystem was only 0.63%. The report also showed that more than $30 million in illicit funds in 2023 were associated with known scam addresses, highlighting the role of crypto ATMs in facilitating fraud schemes. The findings come as regulators around the world step up their scrutiny of the cash-to-cryptocurrency sector. In Germany, authorities recently seized 13 unlicensed Bitcoin ATMs and confiscated nearly €250,000 in cash. (CryptoPotato)

In 2024, the restaking sector evolved from an emerging concept to a significant reality of the DeFi (decentralized finance) ecosystem. The success of restaking is closely tied to the limitations of layer-one blockchains, which can only guarantee the validation of information held within the chain. While developers could easily leverage each layer-one trust network to […] source: https://dailyhodl.com/2024/08/31/exploring-the-rise-and-impact-of-restaking/

According to Adrian Przelozny, CEO of Independent Reserve, in an interview, cryptocurrency exchanges need to be more vigilant than ever, including contacting customers in a timely manner to prevent them from being scammed, and one particular group needs special attention. "If we see an 80-year-old making a crypto withdrawal, they will receive a call," Przelozny said, while emphasizing that the focus is on protecting elderly users from scams. "People over 65 who participate in cryptocurrency trading are at high risk of being scammed," said Przelozny. He admitted that while not everyone in this age group will be scammed, they are more likely to become victims due to their "less familiarity" with the Internet and technology. Sometimes victims are so excited about the scheme they are being sold that they don't even realize it's a scam. Przelozny explained that Independent Reserve has a dedicated compliance department that "calls users all day long" to inform them of suspicious activities and alert them that they appear to be potential scam victims. (Cointelegraph)

Independent Reserve CEO Adrian Przelozny says the exchange has a team that spends all day calling potential scam victims to question their suspicious transactions. source: https://cointelegraph.com/news/crypto-withdrawals-independent-reserve-adrian-przelozny-crypto-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

On-chain analyst @ai_9684xtpa said about the suspected ARB Foundation address depositing 60,000 ETH into Binance 8 hours ago: "No need to worry. The 60,000 ETH deposited into Binance eight hours ago was just 'the funds previously transferred from Arbitrum to the ETH mainnet have passed the 7-day waiting period and re-deposited into the Binance hot wallet'. Binance is just transferring cross-chain assets, which is part of their fund management process. I confirmed this address a week ago, but Arkham had not marked it at the time. It is now marked as 'Binance Deposit'." Earlier today, according to The Data Nerd, 8 hours ago, a wallet (possibly belonging to the ARB Foundation) deposited 60,000 ETH (about $150.33 million) into Binance. In the past 24 hours, it has deposited a total of 90,000 ETH (about $226.02 million) into Binance.

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.