Vitalik Buterin says that Ethereum has become stronger because of this

• Ethereum creator Vitalik Buterin has shared statistics to support his claim that the Ethereum protocol has become stronger in 2024.
• Bitcoin has hit key resistance at $61,000 and is trading at $60,839 at the time of writing.
• XRP Remains Below $0.60, Ripple Announces Swell 2024 Flagship Event.

Bitcoin, Ethereum and XRP Updates

• Bitcoin bounced back above $60,000, a key psychological level for BTC. BTC is trading at $61,320, rising early Thursday. The asset is up nearly 0.30% on the day. Data from Farside Investors shows that Bitcoin ETFs saw inflows of $236.6 million over the past five days, and their net inflow since launch stands at $17.6 billion.
• Ethereum co-founder Vitalik Buterin told X that “Ethereum has become stronger.” Buterin explains that the protocol has transaction fees below $0.01 on tier 2 chains. The tier 2 protocols Optimism and Arbitrum are at stage 1, according to Buterin.
• Ethereum’s creator says that Ether’s mature ZK tools have increased the utility of the protocol for app creators.

• XRP remains below a key psychological barrier at $0.60. Ripple has announced its flagship event Swell 2024 for October 15-16.

Chart of the day

THETA/USDT daily chart

Theta Token (THETA) is trading at $1,304 at the time of writing. The token extended gains by more than 5% on Thursday. THETA could rise another 11.30% and reach the $1,452 level, a key support for the asset between March and August 2024.

Moving Average Convergence Divergence (MACD), a momentum indicator, supports THETA’s bullish thesis. The green histogram bars above the neutral line imply an underlying bullish sentiment in the THETA price trend.

THETA could find support in the Fair Value Gap (FVG) between $1,205 and $1,229 as seen on the THETA/USDT daily chart.

Market Updates:

• Daily active addresses in AAVE hit a one-year high on August 21, rising to 1,730 on IntoTheBlock data.

Daily active addresses

• Econometric data shows that the gap between Bitcoin and the NASDAQ is closing. BTC has gained nearly 34% year to date, while NASDAQ has gained 20%.

Bitcoin vs NASDAQ YTD returns

• Ethereum ETFs endured the longest streak of outflows since launch, with $92.2 million in institutional capital exiting in five days.

Industry Updates:

• Coinbase Announces Support for Polygon MATIC Token Migration to POL.
• El Salvador Announces Bitcoin Certification Program for 80,000 Civil Servants.
• A large wallet investor bought 77,270 AAVE tokens at $135 as open interest in DeFi token peaks on Thursday.