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$MATIC is trying to get support on trendline. If it confirms $1.20 is not so far, else we can see it around $0.65. What you think about #PolygonFuture .

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#charleshoskinson Shows His Concerns Over Kamala’s Pro-Crypto Stance A heated debate is unfolding on social media regarding the future of cryptocurrency in the United States. Recently, Charles Hoskinson, co-founder of Cardano, made sharp comments on his official X account about Kamala Harris, the U.S. presidential candidate. Charles Hoskinson Challenges Kamala Harris’s Pro-Crypto Stance - Paul Matencio recently praised Kamala Harris for her pro-crypto stance, expressing more trust in her approach compared to former President #DonaldTump . Matencio believes that under Harris's presidency, the crypto industry will thrive. - In response, Charles Hoskinson criticized Matencio's optimism. He pointed out Harris’s past antagonistic actions towards the crypto market over the past three years, including her promotion of anti-crypto policies and her efforts to hinder crypto legislation with misinformation. Hoskinson argued that Harris's current pro-crypto claims appear to be a tactic to garner votes from the crypto community, contrasting with her previous negative stance toward the industry. Crypto’s Role in the U.S. Presidential Campaigns - As the crypto industry continues to grow, it has become a significant topic in U.S. presidential campaigns. Candidates, including Trump and Harris, are positioning themselves as crypto supporters, leading to divided opinions within the community. - While some in the crypto space back Harris's current pro-crypto rhetoric, others, including Hoskinson, remain skeptical due to her past regulatory actions against the sector. The crypto community’s sentiments are increasingly visible on social media, with many expressing their concerns and predictions about the industry’s future in light of the upcoming election. Source - blockchainreporter.net #CryptoNewsCommunity #BinanceSquareTalks

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🔥🔥🔥 #EthereumETFs record longest outflow streak, exchange net flow indicates mounting selling pressure Ethereum ETF Outflows & Market Activity Ethereum is seeing its longest streak of ETF outflows, totaling $38 million over five days. On Wednesday alone, outflows were $18 million, with Grayscale’s ETHE accounting for $31.1 million, pushing its total outflows above $2.5 billion. Meanwhile, Ethereum’s ETHA surpassed $1 billion in cumulative inflows but had no flows on Wednesday. Exchange flows reveal rising selling pressure, with net inflows reaching 31K ETH, the highest since August 5. The 7-day average of net flows has been increasing since August 11. Vitalik Buterin emphasized Ethereum’s strong fundamentals, including improved staking decentralization, cross-L2 wallet UX, account abstraction, and advanced ZK tooling. Technical Analysis ETH is trading around $2,610, down 1% in the past 24 hours. The 200-day Simple Moving Average (SMA) is providing support, with resistance at $2,775. ETH’s Long/Short Ratio is 0.96, showing a dominance of sellers. Despite this, buying pressure from Coinbase & Ethereum Funds has kept prices stable. ETH is expected to remain range-bound with potential short-term rises to $2,666, potentially liquidating $65 million in positions. Ethereum FAQs 1. What is Ethereum? Ethereum is a decentralized blockchain with smart contract functionality, the second-largest cryptocurrency by market cap, known for its scalability & programmability. 2. What blockchain technology does Ethereum use? Ethereum uses decentralized blockchain technology to enable the creation & deployment of self-executing smart contracts. 3. What is staking? Staking involves locking assets to earn rewards rather than selling them, commonly used in Proof-of-Stake (PoS) blockchains. 4. Why did Ethereum shift from Proof-of-Work to Proof-of-Stake? Ethereum transitioned to PoS to enhance security, reduce energy consumption by 99.95%, and improve scalability to handle up to 100,000 transactions per second. Source - fxstreet.com #CryptoNewsCommunity

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💥💥💥 $AAVE Price Surges as Aave V3 Launches On Era #mainnet Aave V3 is launching on the Era deployment of #ZkSync , aiming to boost liquidity and yield generation within the Elastic Chain ecosystem. Leveraging advanced zero-knowledge (ZK) technology, Era will offer low-cost transactions while maintaining security through Ethereum’s cryptographic validity proofs. Key Features of Aave V3 on Era The integration with ZKsync is set to enhance access to DeFi services for both retail and institutional users. Stani Kulechov, Founder and CEO of Aave Labs, highlights that this collaboration is a milestone for both communities, providing greater scalability, privacy, and security in the DeFi sector. Additionally, #Chainlink will supply secure price feeds, boosting the protocol's functionality. Johann Eid, Chief Business Officer at Chainlink Labs, notes that this deployment is crucial for attracting institutional investors and expanding the DeFi landscape. Implications for Institutional Use Aave V3’s launch is expected to advance privacy-focused DeFi applications, utilizing Aave’s robust liquidity and risk management features. This move addresses the increasing demand for privacy in decentralized finance, with potential applications including private networks and specialized solutions for various asset classes and risk profiles. The Aave DAO has approved several assets for initial use on Era, such as USDC, USDT, WETH, and wstETH, following a comprehensive technical and risk analysis by BGD Labs and Chaos Labs. Future Prospects The Aave DAO will distribute ZKsync airdrops to Aave users and offer additional liquidity incentives for GHO and other programs. Aave V3’s deployment on the Era Mainnet strengthens its role in the Elastic Chain ecosystem. Overall, this launch, coupled with Aave’s brand overhaul in July, marks a significant advancement in decentralized finance, with Aave continuing to drive innovation and interest in the blockchain industry. Source - bravenewcoin.com #CryptoMarkets #BinanceSquareTalks

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🔥🔥🔥 #makerdao Rolls Out $MKR And DAI Token Upgrade, But There's A Catch MakerDAO has announced an upgrade to its DAI and MKR tokens with the introduction of two new assets: NewStable and NewGovToken. This move is part of MakerDAO's Endgame plan aimed at enhancing governance and tokenomics within the protocol. Introduction of NewAssets On August 22, MakerDAO revealed the launch of NewStable and NewGovToken, which will function alongside the existing DAI and MKR tokens. According to the update posted on X (formerly Twitter), DAI and MKR will continue to be usable unless future governance changes dictate otherwise. "Endgame introduces NewStable and NewGovToken as upgraded versions of DAI and MKR. DAI and MKR will remain in use for the time being. Both tokens are expected to stay the same unless governance decides otherwise. You can continue to hold and use both tokens as before." DAI holders will have the option to convert their tokens to NewStable at a 1:1 ratio, with NewStable aimed at broader adoption and DAI focusing on crypto-specific use cases. Meanwhile, NewGovToken will replace MKR for governance voting, with a conversion rate of 1 MKR to 24,000 NGT. This change is intended to boost community participation by allowing more users to hold the governance token and influence decisions. As of now, MKR is priced at $2,033, marking a 2% increase in the past 24 hours. The Endgame Plan MakerDAO's Endgame plan is designed to enhance market efficiency and resilience. The initial proposal includes a comprehensive overhaul of governance and tokenomics, featuring components like Maker Atlas and SubDAO. The plan aims to: - Scale the Maker Ecosystem in a decentralized manner. - Align incentives for all ecosystem participants, fostering positive community culture and engagement. - Reduce governance overhead for MKR holders and Maker delegates. Overall, the Endgame plan is praised for its potential to make MakerDAO more robust against external risks and improve overall efficiency. Source - coingape.com

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👉👉👉 $ETH #DencunUpgrade attracts more L2 bots and failed txs: Galaxy Research Ethereum's Dencun Upgrade Spurs Transaction Failures on Layer-2 Networks Ethereum's Dencun upgrade in March, intended to reduce fees through EIP-4844, has led to unintended consequences, including a significant rise in transaction failures on layer-2 (L2) networks. Galaxy researcher Christine Kim and a detailed analysis by Galaxy highlighted these issues, noting that transaction activity more than doubled on L2 networks, reaching 6.65 million daily transactions over 150 days post-upgrade. However, this surge also increased transaction failure rates, largely attributed to bot activity driven by lower fees. Key findings include: 1. Failure Rates by Network: Base saw failure rates up to 21%, Arbitrum up to 15.4%, and OP #mainnet up to 10.4%. 2. High-Activity Addresses: Accounts making 100+ transactions daily experienced even higher failure rates—41.6% on Base, 20.87% on Arbitrum, and 12.85% on OP mainnet. 3. Low-Activity Addresses: Those making five or fewer transactions daily had much lower failure rates, maxing at 4%. The situation isn't unique to Ethereum, as Solana also faces high transaction failure rates, with bot activity being a common culprit. Despite these challenges, some argue that bots add liquidity and efficiency to markets, even as they drive up failure rates. The Dencun upgrade's introduction of data blobs aimed to alleviate strain on Ethereum's execution layer, but the resulting complexities highlight the challenges of such advancements. Source - cointelegraph.com #CryptoMarkets #Layer2Network #BinanceSquareTrends

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