Ethereum (ETH) jumps, then dumps, ahead of crucial EIP-1559 upgrade

Ethereum, the world’s most-used blockchain, jumped to over $2,700 ahead of the EIP-1559 set for later today, data from multiple sources shows.

EIP-1559 is one of the most important changes to ever happen to Ethereum. Tomorrow brings incredible progress, and we can’t wait.

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Crypto Briefing’s CB10 Index Rebalances to BTC, ETH | Crypto Briefing

Key Takeaways

Bitcoin and Ethereum were CB10’s top gainers last month.
The rebalancing for August saw only small changes in token allocation percentages with no new additions.
Dogecoin was the biggest loser of the index as the meme crypto dropped by 18.1% in July.

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Bitcoin SV Price Holds Despite 51% Attack | Crypto Briefing

Key Takeaways

Bitcoin SV, a Proof-o-Work fork of Bitcoin Cash created by Craig Wright, has suffered a 51% attack.
Bitcoin SV blocks were reorganized by an unknown miner, who continues to have influence in the network.
Despite the incident, the price of BSV has only declined by around 6%.

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DeFi Project Popsicle Finance Suffers $25 Million Attack | Crypto Briefing

Key Takeaways

Popsicle Finance has been hacked, with attackers draining approximately $25 million.
The attacker tricked the Fragola liquidity manager into paying out large amounts of Ethereum.
The attack on Popsicle Finance was bigger than all previous hacks in July combined.

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Cardano founder Charles Hoskinson dismisses risk of 90% drop in ADA as ‘voodoo’

Input Output Global (IOG) CEO Charles Hoskinson rejects Peter Brandt’s technical analysis call, which predicts Cardano may lose up to 90% of its value.
Hoskinson added that he “really loathes” technical analysis while likening the process to voodoo in that it makes no sense.

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Why Cardano is Still Holding Strong After Market Crash | Crypto Briefing

Key Takeaways

Cardano’s native token ADA has shown strong support in the $1 to $1.20 range.
Investors staking Cardano look to be helping it maintain its support.
The strong community surrounding Cardano is also helping to keep people interested despite development setbacks.

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Infrastructure Bill Crypto Broker Update Sparks Confusion | Crypto Briefing

Key Takeaways

A new U.S. bill says those classified as “brokers” in the cryptocurrency space will have to adhere to strict tax reporting.
As per the latest amended bill, brokers are those who engage in “effectuating transfers” of cryptocurrencies.

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