#BTC and #ETH prices hold steady, “Friend.tech” emerges 👑

BTC and ETH prices have yet to break out since last week’s mini-flash crash, with volume remaining weak and trading sentiment subdued. However, after experiencing the rapid rise and fall of BTC ordinals, AI tokens and "security tokens", "Friend.tech" has become the latest cryptocurrency "killer APP" to attract market attention. The application is built on Coinbase's recent launch On the Base L2 network, which allows Twitter (X) celebrities to issue "shares/keys" to give fans access to private group chats, the protocol has generated more than $1 million in fees in the past 24 hours alone, second only to The Ethereum blockchain, along with staking service #Lido , is one of the cryptocurrency services that generates the most protocol fees.

It's always a good thing that the "degen spirit" is thriving in cryptocurrencies, and we need more of this energy to sustain the ecosystem in a bear market. Despite a favorable base, venture capital funding continued to retreat towards this year's lows in July, with A significant decline compared to the same period last year.