The SEC’s concerns about Ethereum, particularly regarding its transition from Proof of Work (PoW) to Proof of Stake (PoS), the potential for market manipulation, and Ethereum’s overall security classification, are key to its hesitation to approve an Ethereum ETF.

Short-term volatility may continue for some time. A wallet under government control has been activated and several test transfers to Coinbase have been performed.

BTC fell to $66,000 during the Asian session, breaking the recent sideways trend around $70,000, but the funding rates of major exchanges remained at a high level due to the overwhelming long positions.

The market returned from a long weekend, but many asset classes have seen a sudden risk-off sentiment. Meme-coins are still popular, and the BTC price has basically hovered around 70,000 in the past month, but there have been quite a few long liquidations.

StakeStone aims to build a decentralized, integrated staking protocol and establish a cross-chain market for LST liquidity.

The performance of Cancun is usable after the upgrade, but Vitalik is worried about the development of Rollup.

Less than a month after the Blast mainnet was launched, two attacks occurred, resulting in losses of nearly 100 million US dollars. Was the cause the attack "North Korean hackers"? CertiK analyzed and inferred the attack by restoring the timeline of the event. For details, please see this article.

In the past week's market, the prices of Bitcoin and Ethereum have risen to a certain extent, with Bitcoin rising by 8.06%. The historical volatility was the largest when it rose to 3.25, and the trading volume was the largest when it hit a new high and fell back at 3.27. The open interest has increased compared with the beginning of the week. The implied volatility of BTC has changed little, while ETH has increased compared with the beginning of the week. In addition, the funding rate has rebounded from a low level, indicating that the sentiment of contract trading has gradually warmed up. The market breadth indicator shows that more than half of the coins are above the 30-day moving average, and the overall situation is still in the consolidation stage. In terms of events, no major data was released in the past week, and the non-agricultural data at the beginning of next month is awaited.

So far, Eclipse has experienced three rounds of financing. It is still necessary to participate in the Eclipse test network for self-defense. After all, the bull market is for those who venture into unknown areas.

The Dencun upgrade has a significant effect, significantly reducing the transaction costs of L2, and basically achieving the expected reduction of 90% of the transaction costs of L2. However, the transaction cost reduction effect of Ethereum itself is not as good as that of L2. At the same time, the throughput of L2 has been reduced to varying degrees after the upgrade. Improvement, among which the most eye-catching performance is the Base chain.

Focus on on-chain data and review daily news.

Based on Launchpool's average past yield, the reasonable token price is 0.45 USDT, and Aevo's pre-market price is 0.65 USDT.

The Blob fee market has now entered "price discovery mode".

Can’t Ethereum ETF save the weak ETH?

Digital currency fluctuated shortly after the opening of the U.S. stock market. The price of BTC once touched the $72,000 mark and then quickly fell to around $68,500. The reasons for this fluctuation may include the U.S. district judge's ruling that the SEC's lawsuit against Coinbase can continue.

Markets remained calm at month-end, with Europe continuing its dovish pace with weak Spanish CPI data. On the crypto side, New York opened with some price volatility, with BTC prices surging to nearly $72,000 before reversing and falling to a low of $68,500.