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Ethereum August Historical Returns: rose 3 times and fell 6 times since 2016, with an average return of 5.5%

2 days ago

August 1st. According to Coinglass data, within Ethereum's history, among the 9 "August" price movements since 2016, there were 3 instances of increase and 6 instances of decrease. The most significant monthly increase took place in August 2017, with a gain of 92.86%; the most substantial monthly decrease occurred in August 2018, with a decline of 34.79%. From 2016 up to the present, Ethereum's average rate of return during "August" is 5.5%, and the median rate of return is -4.54%.

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Elon Musk asked Grok about the probability of quantum computing breaking the Bitcoin algorithm (SHA-256), to which Grok replied, "Almost 0 in the next 5 years."

August 3rd: According to the published article by IBM on the research progress of quantum computing, Musk inquired of Grok about the probability of quantum computing breaking the Bitcoin algorithm (SHA-256). Grok replied that, based on the investigations by NIST, IBM, and experts for 2025, the probability of quantum computing breaking SHA-256 is "nearly 0% within the next 5 years and will be less than 10% by 2035." This requires millions of error-corrected quantum bits, while current systems only support about 1,000 noisy quantum bits. For now, Bitcoin's hash value remains secure.

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Ethereum Contract-Based Coin Top Holder Balance Drops Over 11% from Historical High

On August 3rd, based on Coinglass data, the total amount of Ethereum held in DeFi contracts is currently stated to be 13.7473 million ETH. This represents a 11.4% decrease compared to the previous all-time high range of 15.2971 million ETH on July 29th.

18 minutes ago

The Satoshi Nakamoto statue in Lugano, Switzerland, was stolen today. The statue was co-founded by Tether.

On August 3rd, as per BitcoinNews, the statue of Satoshi Nakamoto in Lugano, Switzerland, got stolen today. In October 2024 on the 25th, the city of Lugano in Switzerland unveiled a statue in Ciani Park (Villa Ciani) to pay tribute to the anonymous creator of Bitcoin, Satoshi Nakamoto. This event was organized by the Plan B initiative in cooperation with Tether and the city of Lugano. This statue was crafted by the Italian artist Valentina Picozzi and it took 18 months of research and 3 months to complete.

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Communication platform Towns Protocol unveils Tokenomics: 57% of tokens allocated for airdrops, grants, and other community initiatives

On August 3rd, the communication platform Towns Protocol disclosed the tokenomics as follows: The total supply of the TOWNS token is 10 billion. More than 10% of the tokens are planned to be airdropped to early users, partners, and launch collaborators on August 5th. In a previous announcement, Binance Alpha will list Towns (TOWNS) on August 5th.

18 minutes ago

Debunked: Several Foreign Media Outlets Today Reported "China Again Bans Cryptocurrency Trading and Mining," Which May Be Misinformation