\n“Happy ninth anniversary, Ethereum! Looking forward to what the next decade brings,” wrote blockchain co-founder Vitalik Buterin.<\/cite><\/p><\/blockquote>\nCryptocurrency exchanges KuCoin, HTX, and other community members joined in the celebrations.<\/p>\n
Ethereum was created by a large team of developers, including notable figures such as Buterin, Charles Hoskinson, Gavin Wood, Joseph Lubin, and Anthony Di Iorio.<\/p>\n
The platform played a crucial role in the ICO boom of late 2017 and the DeFi summer of 2020.<\/p>\n
Since then, Ethereum has undergone numerous technical upgrades. Perhaps the most significant was The Merge, which transitioned the network’s consensus algorithm from Proof-of-Work to Proof-of-Stake.<\/p>\n
The next major step was the Dencun hard fork, launched in March 2024, which reduced fees in second-layer networks.<\/p>\n
Ethereum is now preparing for the Pectra upgrade, scheduled for early 2025. This initiative combines the Prague and Electra updates, aimed at enhancing wallet capabilities and improving network efficiency.<\/p>\n
Fed Maintains Key Interest Rate<\/strong><\/h2>\nOn July 31, the U.S. Federal Reserve maintained the key interest rate range at 5.25\u20135.5% per annum for the eighth consecutive time. The decision aligned with market expectations.<\/p>\n
On July 11, the U.S. Bureau of Labor Statistics released a consumer price report. The index value was below the forecast\u20143% versus 3.1%.<\/p>\n
Topics to Discuss with Friends<\/strong><\/h2>\n\n- Hamster Kombat developers will allocate 60% of tokens to “tappers.”<\/li>\n
- The Notcoin team will launch the Telegram game Lost Dogs.<\/li>\n
- Pavel Durov entered Bloomberg’s billionaire ranking.<\/li>\n
- Donald Trump opened pre-orders for “Bitcoin sneakers.”<\/li>\n<\/ul>\n
Bitcoin Mining Difficulty Rises by 10.5%<\/strong><\/h2>\nFollowing the latest recalculation, the mining difficulty of the leading cryptocurrency increased by 10.5% to 90.67 T.<\/p>\n
The average hashrate since the previous adjustment was 933.84 EH\/s, with block intervals of less than seven minutes.<\/p>\n
According to Glassnode, the smoothed 7-day moving average of computational power reached peak values of around 637 EH\/s.<\/p>\n
SEC to Withdraw Demand for Solana and Other Assets as Securities<\/strong><\/h2>\nThe U.S. Securities and Exchange Commission (SEC) intends to seek changes in its initial lawsuit against Binance. The proposal could potentially affect the need for a court ruling on whether assets like Solana are considered securities.<\/p>\n
\n“The changes will eliminate the need to rule on the sufficiency of allegations regarding these tokens at this time,” the motion stated.<\/cite><\/p><\/blockquote>\nThe SEC filed the motion on July 29 in response to a court order from July 9, which required the agency and the company to agree on a proposed schedule for further proceedings. This document should include deadlines for filing a motion to amend the complaint, the order stated.<\/p>\n
In June 2023, the regulator sued the Bitcoin exchange and its CEO Changpeng Zhao. In addition to SOL, the Commission also classified the following assets as securities: BNB, BUSD, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, and AXS.<\/p>\n
Also on ForkLog:<\/p>\n
\n- U.S. authorities moved 28,000 BTC seized in the Silk Road case.<\/li>\n
- The Lava Network project launched its mainnet and began an airdrop.<\/li>\n
- An Ethereum ICO participant moved 2,000 ETH for the first time.<\/li>\n
- Mt.Gox moved $2.25 billion worth of bitcoins.<\/li>\n<\/ul>\n
Elon Musk Promises Not to Promote Cryptocurrencies<\/strong><\/h2>\nTesla and SpaceX CEO Elon Musk has no intention of promoting cryptocurrencies, except perhaps “as a joke.”<\/p>\n
Expressing his views on Bitcoin, he noted that the first cryptocurrency and possibly some others have “their merits.” The billionaire also admitted to having a fondness for Dogecoin (DOGE) because he likes “dogs and memes.”<\/p>\n
However, he made it clear that if anyone finds a video of him “pumping” any digital asset, it is a deepfake.<\/p>\n
Musk also urged people to “double-check whether” his purported statements about cryptocurrencies or platforms, quoted on X, are true.<\/p>\n
What Else to Read?<\/strong><\/h2>\nThis week, ForkLog explored why the number of listings did not translate into quality and what makes the potential OP_CAT update in the Bitcoin network interesting.<\/p>\n
In the traditional digest, we compiled the week’s main events in cybersecurity.<\/p>\n
The most important news from cryptocurrency industry participants was published in a separate digest.<\/p>\n","protected":false},"excerpt":{"rendered":"
The community celebrated the ninth anniversary of Ethereum’s launch, the Federal Reserve maintained its key interest rate, Bitcoin mining difficulty increased by 10.5%, Elon Musk promised not to promote cryptocurrencies, and other events of the past week. Bitcoin Price Falls Below $60,000 The leading cryptocurrency began the week at $69,000 but fell below $67,000 by […]<\/p>\n","protected":false},"author":1,"featured_media":15822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1233,1244],"class_list":["post-15823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-industry-digests","tag-weekly-summary"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15823"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15822"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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