At the start of the week, sellers hold more power than buyers. Bitcoin has dropped by 2.66% in the past 24 hours and has broken the support level at $29,508. Ethereum's rate has only dropped by 1.47%, but is also testing a support level at $1,827. Cardano and Binance Coin are both experiencing declines, with Cardano's rate testing the $0.2996 support level and Binance Coin trading in a consolidation around $235. However, Dogecoin's rate has risen by over 4% and may experience a breakout if it closes around the resistance level at $0.07756.

Vitalik Buterin, the creator of Ethereum, has expressed concerns about Worldcoin, a new cryptocurrency project launched by OpenAI. Worldcoin aims to use a hardware device called the "Orb" to scan users' irises and create a decentralized database of identities. However, Buterin has highlighted four major risks to the project, including potential privacy breaches and security vulnerabilities. Despite these concerns, the WLD token has already achieved a fully diluted valuation of $22.5 billion and risen by 33% since launch.

The crypto market is currently facing a bearish trend, causing Ethereum (ETH) to struggle. Reports from Whale Alert show that Ethereum whales are moving large volumes of ETH to centralized exchanges, potentially indicating that they are exiting their positions. This could have negative implications for ETH's price as it suggests that these investors may be looking to sell their coins. Already, ETH has seen a decline in its prices and if there is not enough demand to absorb this new supply, its price could fall further.

The demand for Ethereum has decreased, causing its price to drop to its lowest level since July 7th. The upcoming Federal Reserve interest rate decision and options expiry on Friday will be important factors affecting Ethereum's price this week. The Fed is expected to raise interest rates by 0.25% and then pause, as further hikes could lead to a hard landing for the American economy. Ethereum tends to show volatility ahead of options expiry, and data shows there are over 2.2 million ETH calls and 755,222 puts in the options market.

As per Coinglass data, the entire network has experienced a liquidation of 144 million US dollars in the past 24 hours, and a liquidation of 90 million US dollars in the past hour. Among them, Bitcoin liquidated 31.3 million US dollars, and Ethereum liquidated 9.6 million US dollars.

Vitalik Buterin, co-founder of ethereum, today published the article "What do I think about biometric proof of personhood?" to express his views on biometric proof of personhood. He says that, in principle, the concept of proof of personhood seems very valuable, and that while various implementations have their risks, so does the absence of any proof of personhood at all: a world without proof of personhood seems more likely to be a world dominated by centralized identity solutions, money, small closed communities, or some combination of the three.

Ethereum (ETH) remains the second-largest digital asset by market capitalization, despite trading below $1,900 per unit. Santiment predicts a bullish upturn for ETH, potentially pushing it back to the coveted $2,000 territory in the coming month. Santiment suggests that Ethereum is benefiting from patient investors who see long-term potential in the asset, despite recent lackluster market performance. The analysts project a potential climb back above the $2,000 range for Ethereum in the near future, fueled by positive indicators such as low exchange balance and atypical calm within the Ethereum community.

Blur, a major player in the NFT marketplace, is starting the distribution of its postponed BLUR token airdrop today to show appreciation to Ethereum NFT traders. The platform had committed to providing token rewards to traders since its launch in October.

According to a tweet from on-chain sleuth ZachXBT，Earlier today Alphapo hot wallets were drained for $23M+ on ETH, TRON, BTC.HypeDrop (Alphapo customer) has since had withdrawals disabled.On Ethereum the stolen funds were swapped for ETH then bridged to Avalanche and Bitcoin.

CryptoSlam data shows that in the past week, approximately 464,900 buyers spent more than US$113.5 million on NFT, and the NFT transaction volume decreased by 23% compared with last week; the entire network NFT transaction volume was about 2.2 million, a month-on-month decrease of 1%; among them, the Ethereum chain ranked first with a transaction volume of US$72.7 million, and the Bitcoin chain ranked second with a transaction volume of US$9 million; the transaction volume ranked in the top five The top ones are Gods Unchained Cards ($4.7 million), DMarket ($4.5 million), BAYC ($4.2 million), CryptoPunks ($4.1 million), and Uncategorized Ordinals ($3.2 million).

Dimension X, a Chainwire NFT collection, has announced that it will launch on Ethereum on August 8th. The digital cards can be used in a corresponding RPG game where players can use NFT heroes to fight villains and monsters.

The global market cap has seen a 0.5% increase, with Bitcoin experiencing some bull activity and approaching a break back above $30K. However, Bitcoin trade volume has dropped by 31% during the same period. Ethereum has started the week slow with low volatility levels, indicating a likely bearish trend as bears push for market dominance. Dogecoin is having a good session with gains of 1.4% and increasing trading volume, while Stellar is also trading positively with increasing volatility levels. Chainlink is making slight gains, while Augur sees an 8% drop within a day of trade.

The NFT market experienced a decline in trading volume of 35% from Q1 to Q2, which can be attributed to factors such as market saturation, changing investor sentiment, and regulatory uncertainties. Ethereum remained the dominant platform for NFT trading, capturing 83% of the volume in Q2, but experienced a temporary setback in May due to the rising popularity of Bitcoin Ordinals. Solana saw the most significant decline in trading volume during Q2, mainly driven by the migration of two major collections to other networks. Despite short-term fluctuations, the long-term potential of NFTs remains promising as they continue to find utility in various industries.

Crypto analytics firm IntoTheBlock has revised its outlook on Chainlink (LINK) following the blockchain oracle's strong recovery in just one month. With LINK's more than 50% surge since June, the least number of Chainlink holders are seeing losses this year. According to IntoTheBlock, LINK has more room to run with the next likely price resistance level at $10, a more than 22% increase from its current value. However, the firm warns that LINK may dip if some investors start taking profits. Additionally, IntoTheBlock highlights that Ethereum (ETH) has seen the largest recorded amount of ETH moved onto centralized exchanges (CEXs) in the last two months, which could indicate increased selling of the second largest digital asset by market cap.

Academics from the Intellectual Property Centre Law School of Austral University in Argentina have proposed a system that uses smart contracts and NFTs to enforce ownership of unique plant varieties. The system would allow farmers to register their non-fungible plant varieties with an Ethereum smart contract system, minting an ERC-721 token for each seed collected, and then sell the NFTs via MetaMask. While some critics argue that democratizing access to these assets could undermine the system, others suggest that scarcity may only make sense for digital artifacts. The author, David, is an Editor based in The Netherlands who focuses on data-driven journalism and is passionate about permissionless and decentralized networks.

The recent Ethereum Community Conference in Paris has sparked discussions about the new Ethereum upgrade, ERC-4337, which enables account abstraction. This feature simplifies the use and ownership of wallets, allowing users to log in with their email, Google account, or phone number. The goal of this upgrade is to make the cryptocurrency experience more user-friendly and to abstract away the complexities of crypto wallets. The industry is currently in a race to create successful and seamless user experiences, with the next phase of innovation predicted to involve paying for gas with tokens.

Whale Alert has reported that wealthy crypto investors have transferred hundreds of millions of dollars worth of digital assets, including Bitcoin and Ethereum. One high-net-worth trader moved 14,159 Bitcoin worth $421.7 million from an unknown wallet to another, while another transferred 1,881 Bitcoin worth $55.9 million to Coinbase. Other large transactions involved Ethereum and Solana, with one whale moving 27,366 ETH from Binance.US to an unknown wallet and another moving 2,000,000 SOL from Binance to an unknown wallet. There were also transfers of Shiba Inu and Chainlink.

Ethereum has entered an ascending price channel, which could indicate a bullish trend if it follows previous patterns. However, the recent breakdown from the $2,000 level may apply downward pressure on ETH. The Relative Strength Index (RSI) is hovering around the neutral 50 mark, but maintaining its level above 50, implying a potential uptrend. Meanwhile, Shiba Inu (SHIB) is experiencing a rapid reduction in volatility, potentially leading to an increase in selling pressure. On the other hand, Pepe (PEPE) has touched its local low and is resting on a 50 Exponential Moving Average (EMA) line, suggesting a potential price boost.

The implementation of Ethereum's proof-of-stake consensus mechanism, The Merge, has led to a significant reduction in its annual carbon footprint, resulting in a decrease of over 99% in carbon footprints and more than 99.9% in annual electricity consumption. In contrast, Bitcoin's carbon footprint has increased significantly over the past three years, with annual emissions estimated to surpass the yearly greenhouse gas emissions of countries like New Zealand and Cambodia.

The price of Ethereum (ETH), the second largest cryptocurrency, has experienced a slight decline in the past week due to increased selling pressure in the digital asset market. On-chain data suggests that this downward trend may continue in the future. According to IntoTheBlock, 、