Author | Qin Xiaofeng

Produced | Odaily

Produced | Odaily

1. Overall overview

1. Overall overview

The Ethereum decentralized exchange IDEX recently announced that it will enter the KYC transition period and restrict US users from trading assets. Beginning July 24, 2019, the exchange will enter a 30-day transition period where existing and new users will be able to create accounts and undergo KYC verification.

Second, the secondary market

Second, the secondary market

1. Spot market

1. Spot marketimage description

(picture from Huobi)

(picture from Huobi)

image description                                           

(data from AIcoin)

(data from AIcoin)

In terms of funds, the funds fluctuated greatly this week. The net outflow of funds was the largest on Monday, exceeding 37 million U.S. dollars; the net inflow of funds on Sunday was relatively high, reaching 8 million U.S. dollars.

(data from Tokenview)                             

(data from Tokenview)

Tokenview dataIt shows that the number of transfers of "above 5,000 ETH" and "above 10,000 ETH" has dropped significantly, with a month-on-month drop of more than 40%.

image description

3. Ecology and technology

3. Ecology and technology

1. Development and technology

1. Development and technology

According to a tweet by Tim Beiko, ethereum developers discussed EIP-2028 for inclusion in ethereum’s Istanbul upgrade. According to EIP-2028, the Gas fee for Calldata will be reduced from 68 Gas per byte to 16 Gas.

tweetstweets

He also stated that since the testnet in Istanbul must be launched in about 1 month, it seems unlikely that it will be included in Istanbul due to the lack of audit results and some specification issues so far.

(2) The Ethereum team considered implementing EIP-2025 in the Istanbul upgrade, which was opposed by developers

According to reports, the Ethereum team is considering EIP-2025 as an improvement to the Istanbul upgrade. EIP-2025 proposes to add 0.0055 ETH per block within 18 months, as a developer block reward, reserved for funding Ethereum1.X development. The proposal sparked debate and opposition from a range of developers, as the rate of inflation would be correspondingly higher. (Ethereum World News)

according to

2.Dapp

according toDappreview dataDappreview data, the total number of Dapps developed on the ETH chain reached 2282, and 17 new Dapps were added this week;Double variable BWS

image description                           

(data from etherchain.org)

etherchain.orgimage description

(Mining difficulty changes)

In addition, the price drop also led to a decline in the activity of miners. This week, new addresses fell by 2% month-on-month.

4. News

4. News

1. Report: Ethereum DEX transaction volume has tripled since early 2019

A new report from Totle reveals that since the beginning of 2019, transactions recorded on decentralized exchanges (DEXs) running on Ethereum have tripled. In June, DEX’s transaction volume exceeded $300 million, a 248% increase from January’s $86 million. (Decrypt)

2. The data shows that the reduction of the hash value makes Ethereum more and more vulnerable to 51% attacks

Monitoring data shows that from the all-time high in August 2014 to the present, the hash value of Ethereum has still dropped by more than 42%. A one-hour 51% attack on the Ethereum network would cost more than $100,000. (LongHash)

3. The decentralized exchange IDEX will enter the KYC transition period, restricting US users from trading assets

The Ethereum decentralized exchange IDEX recently announced that it will enter the KYC transition period and restrict US users from trading assets to incorporate KYC and AML compliance policies. Beginning July 24, 2019, the exchange will enter a 30-day transition period where existing and new users will be able to create accounts and undergo KYC verification. (Medium)

4. Ethereum developer: The bottom of ETH has been formed

Ethereum developer Evan Van Ness said on Twitter that the bottom of ETH has been formed. He added: "In terms of ETH/BTC price, ETH price is back to the level of 2016. However, considering the progress that has been made compared to 2016, this price is not quantified." (AMBcrypto)

5. Microsoft Engineers Use Ethereum Blockchain to 'Democratize' Machine Learning and AI

Microsoft engineers are using the Ethereum blockchain to "democratize" artificial intelligence and machine learning, making these typically centralized and costly systems more accessible to all. Justin Harris, a senior software development engineer at Microsoft, believes that Ethereum smart contracts have the potential to fundamentally change the way machine learning and artificial intelligence models are designed. (Crypto Slate)

6. US SEC allows game company PoQ to issue and sell ERC-20 token Quarters