Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon

DeGods project leader Rohun Vora, known as Frank, said that the move aims to "unite the DeGods and y00ts communities" on the same blockchain. Polygon said it would re-deploy some of the returned funds to support its native builders and creators.

Timeline of Ethereum, Polygon

Coinbase, a leading U.S. crypto exchange, officially launched Base, its Ethereum layer 2 network, to the general public on August 9, 2023. The Base testnet launched in February, followed by a developer-specific release in July.

On August 2nd, the Ethereum price gave a bearish breakdown from the support trendline of the megaphone pattern. This breakdown was supposed to extend the prevailing correction phase but instead, the price action went sideways indicating a lack of conviction from the sellers.

Renowned analyst Josh Olszewicz has shared some compelling insights on Ethereum's price trajectory. Drawing parallels from historical patterns, Olszewicz's analysis suggests that Ethereum might be gearing up for a significant rally in the coming months.

PayPal has long been interested in the evolving crypto landscape, but with its recent stablecoin announcement, the payments giant is taking its involvement to the next level. PayPal, one of the world's largest online payment systems, has introduced its own stablecoin, called PayPal USD (PYUSD).

In recent weeks, Ethereum has demonstrated a downtrend in shorter timeframes, where the bulls struggled to maintain the critical $1900 support zone. This allowed the bears to gain dominance.

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.

In a sophisticated maneuver in the volatile world of digital assets, a trader known by the pseudonym Hanwe Chang has reportedly managed to make over $1.5 million in the second-largest digital asset by market capitalization Ethereum ($ETH) by outmaneuvering a bot on a popular marketplace.

An Ethereum (ETH) gaming altcoin exploded in price over the past week before retracing after a series of whales sent their stacks to crypto exchanges. Yield Guild Games (YGG), a blockchain-based play-to-earn gaming decentralized autonomous organization (DAO), saw its native token rally from trading at around $0.

To the south, the $1750-$1770 demand zone could attract the price to it. Ethereum left behind a fair value gap on the H4 chart in that region- will the bears force such a retest soon?

Ethereum's price has been slowly dropping over the past few weeks, approaching a significant support level. Things will get interesting soon, as the market's reaction to this level would likely determine the price action in the next few weeks.