Ethereum Picks Two Must-Ship Hegotá EIPs, Targets Quantum Resistance by 2029
Ethereum Foundation has identified two EIPs that must ship with the Hegotá upgrade and outlined a roadmap to make Layer 1 quantum-resistant before 2030.
Ethereum Foundation has identified two EIPs that must ship with the Hegotá upgrade and outlined a roadmap to make Layer 1 quantum-resistant before 2030.
Altcoin treasuries are flourishing across the crypto sector, but Chainlink’s newly announced LINK Reserve stands out as a game-changer. On August 7, Chainlink revealed that it is establishing a dedicated reserve, using both on-chain and off-chain revenues to purchase LINK tokens for strategic storage. This reserve is structured as a smart contract on Ethereum, designed to complement Chainlink’s Payment Abstraction. Notably, it enables automatic conversion of off-chain payments for Oracle services directly into LINK.
After months of lagging behind Bitcoin’s relentless advance, Ethereum (ETH) has finally broken above the psychologically critical $4,000 mark—its highest level since 2021. This breakout comes at a time when Bitcoin is still wrestling with the $117,000 barrier, making ETH the clear outperformer among top cryptocurrencies in recent sessions.
SUI is shaping up for a potentially decisive move. On the daily chart, the token has been grinding within a classic ascending triangle, one of the market’s most reliable bullish continuation patterns. Price action is now pressing right against the upper boundary, and a breakout here could open the door for a strong run — with upside targets stretching toward $5.50 if momentum holds.
Ethereum (ETH) is once again capturing investor attention as it mounts a decisive recovery from its latest consolidation phase. With a fierce battle underway at the $3,835 resistance, the world’s second-largest cryptocurrency stands at a crucial technical crossroads. Are we on the brink of a sustained rally toward new all-time highs, or is another correction looming for the ETH/USD pair? This in-depth technical and on-chain analysis decodes the signals and pinpoints the most important Ethereum support and resistance levels for traders and long-term investors.
The SOL/USD pair is recovering within a well-defined medium-term ascending channel after a sharp correction from six-month highs near $206.25. This recent retracement, driven by persistent monetary tightening from the Federal Reserve and ongoing macro uncertainty, saw Solana drop to $157.00. However, renewed buying interest has propelled prices back above $165.70 (the 38.2% Fibonacci retracement), setting the stage for a potential push toward higher resistance levels.
Market Recap: Solana Battles Prolonged Downtrend
The crypto treasury arms race is rapidly expanding beyond Bitcoin and Ethereum, with Solana reserves seeing aggressive corporate accumulation in recent weeks. Upexi, for example, announced on August 5th that it boosted its SOL holdings from 735,692 tokens at the end of June to more than 2 million in July—raising over $200 million to fuel the expansion.
Decentralized perpetuals exchange Hyperliquid recorded explosive growth in July, claiming 35% of all blockchain protocol revenue—a development that has come at the expense of Solana, according to VanEck analysts.
XRP continues to display strong technical stability, even after a moderate pullback from recent highs. On the daily chart, price action has retraced to the upper boundary of a previously established support zone—seen as a healthy move within a broader bullish structure. Notably, XRP remains above its 50-day Exponential Moving Average (EMA), currently serving as dynamic support and sending a positive technical signal.
The crypto market just printed its first red candle in six weeks. After a sharp rally, traders are locking in profits, driving a wave of short-term pessimism and heightening liquidation risk across select altcoins. Early August brings heightened volatility, with several assets poised for large-scale derivatives liquidations.
Whales Drive Ethereum Demand as Retail Stays Defensive
The U.S. spot Ethereum ETF market has experienced its largest ever outflows, even as the overall crypto market stages a comeback. On August 4, net outflows from ETH ETFs reached a record $465.06 million, according to SoSoValue.