Ethereum's price broke through the 100-day moving average and upper trendline of a descending channel, leading to a significant rally that reached the resistance level of $2K. However, the price has since faced rejection and is now consolidating around this crucial resistance.

Cryptocurrency lending firm Celsius Network has started converting its assets into Bitcoin and Ethereum, with pre-owned altcoins being moved into new wallets. This move follows approval from the US Bankruptcy Court in New York on 1 July.

Despite a rise in price, Ethereum's network activity has not seen a significant increase. However, staking deposits have increased since the launch of the Shapella Upgrade, as many Ethereum holders are looking to enjoy staking yields instead of cashing out in the market. The total number of transfers to all centralized exchanges has remained flat.

Metis, a layer-2 platform on Ethereum, has warned users not to purchase METIS on the BNB Blockchain following the recent PolyNetwork hack, which resulted in the theft of $5.5 million in assets.

Crypto analytics service provider Glassnode has highlighted a lack of correlation between Ethereum's recent price growth and its on-chain activity. Despite lower transaction fees, network activity has slowed, with gas prices rising by just 28% compared to 78% during the Shanghai upgrade event in April.

According to a report by CCData, institutional investors have been actively trading various financial instruments linked to Bitcoin and Ethereum, including spot trading volumes, derivatives trading, and CME Futures Contracts.

Demand for liquid staking has surged by 91% in the Solana ecosystem, with protocols like Marinade Finance, Lido, Jito, JPool, and Socean holding $187 million in staked SOL tokens by the end of June. This comprises most of the $270 million currently locked in Solana's DeFi ecosystem. However, Ethereum remains the king of DeFi with $26 billion out of $44 billion locked across the industry.

Coinbase product director Conor Grogan discovered over $320,000 worth of cryptocurrency for an individual who was unaware of its existence. Grogan explained that during the Ethereum blockchain fork in 2016, those with onchain funds would have been credited an equal amount of ETH for their ETC, but many were unaware of this.

Celsius Network, a bankrupt crypto lender, has moved around $70 million worth of altcoins to different wallets following court approval to sell them for Bitcoin and Ethereum.

Axiom, a crypto startup, has launched its mainnet in alpha mode. The protocol allows developers to write smart contracts on Ethereum that can retrieve data from the blockchain network and perform intensive computations on it.

Pendle, a platform for Ethereum and Arbitrum-based liquid staking derivatives (LSD), is expanding to the BNB Chain network to attract new users and generate revenue. Liquid staking is a rapidly growing sector in decentralized finance (DeFi) and the potential for LSD-based financial products is largely untapped. Pendle offers users yields in the form of tradable digital tokens, with some strategies providing up to 82% annualized yields on ether (ETH) and ether derivative tokens. The platform aims to establish the liquidity foundation for LSD in these ecosystems to allow other protocols to build on top. Despite a general bear market, Pendle's locked value of tokens has grown almost 300% since the beginning of the year.

Taiwan's justice ministry has warned that corruption cases involving Bitcoin (BTC) and Ethereum (ETH) are on the rise in the country. The ministry stated that cryptocurrencies are now being used as "election bribery tools" ahead of the general elections in January 2024.

July 5 (Cointime) - According to Nansen’s NFT God Mode data, BAYC’s on-chain royalty income on Ethereum has exceeded $58 million, Otherdeed for Otherside has exceeded $52 million, Azuki has exceeded $43 million, and Pudgy Penguins has exceeded $7.2 million.

July 5 (Cointime) - The popularity of stETH has been increasing, with more new addresses holding the token and its dominance in DeFi capital flows suggesting it has become a preferred collateral asset.

July 4 (Cointime) - Blockchain scalability is being tackled through two dominant approaches: Layer-2s and sharding. Ethereum is using rollup-centric L2s to scale its network, while NEAR protocol has opted for sharding. Both strategies have their unique solutions and challenges, with Ethereum prioritizing resilience and NEAR prioritizing a simplified user experience.

July 4 (Cointime) - Institutional investors have been showing a strong interest in Bitcoin as it continues to surge and reach new price highs. According to CoinShares' Head of Research, Bitcoin-related products attracted $310.6 million in inflows over the past two weeks, marking a notable shift from the previous nine consecutive weeks of outflows.

July 4 (Cointime) - Two Canadian teenagers have been arrested and charged with stealing $4.2 million worth of Bitcoin and Ethereum by posing as Coinbase support and gaining unauthorized access to a victim's exchange account. The teenagers reportedly had control over a total of $13.4 million in cryptocurrency.

July 4 (Cointime) - Large holders of Ethereum, known as "whales," have been increasing their transaction activity on the blockchain, with transactions carrying at least $100,000 on the rise.

July 4 (Cointime) - According to a popular anonymous crypto trader, Solana (SOL) may follow the same price pattern as Ethereum (ETH) did in 2020-21. The trader suggests that Solana's price action is similar to ETH before it surged from $400 to nearly $5,000 in a matter of months.

Kava 14 has launched an internal bridge upgrade, making roundtrip Cosmos to Ethereum asset conversion more seamless and secure. The upgrade gives Cosmos users and EVM dApp builders a better, more secure way to transfer native Cosmos assets to and from Kava EVM. By integrating the internal bridge at the blockchain and wallet levels, Kava offers a more seamless user experience.