Ethereum

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games. Ether is the native token for the Ethereum ecosystem.

The Ethereum blockchain is preparing a significant upgrade, called the Ethereum Merge, tentatively scheduled for Sept. 13-16, 2022.

The Merge reflects a shift in Ethereum’s protocol in which the blockchain will move from a “proof-of-work” to “proof-of-stake” system.

Miners validate transactions by solving complex calculations before a new block can be added to the chain. This is the mechanism that Bitcoin ($BTC) runs on.

Miners are replaced by “validators,” who stake the ETH they own to validate new blocks on the chain. Avalanche ($AVAX) and Solana ($SOL) are proof-of-stake.

The Ethereum Foundation reports that moving to a proof-of-stake model will reduce the blockchain’s energy consumption by more than 99%.

Ether ($ETH) is Ethereum’s native crypto asset, while Ethereum is the underlying blockchain. No disruptions to ETH are expected following the Merge.

Unlike Bitcoin, the founder of Ethereum is publicly known. Vitalik Buterin published Ethereum’s introductory paper in 2013 and launched the project in 2015.

The Ethereum blockchain was built to serve as a single source of truth backed by a public transaction database and to function as a platform for a variety of decentralized applications ranging from financial services to games.

The Ethereum Foundation

*This content is for educational purposes and is not investment advice.

Reducing the need for every node to permanently store all history in addition to unneeded protocol features could mitigate Ethereum's bloat, Buterin said.

Vitalik Buterin outlines ways to reduce Ethereum's bloat in ‘Purge' upgrade roadmap

Bitcoin

Dogecoin

Cryptocurrency markets are trading lower despite whale transactions rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,789.25 -1.9% Ethereum (CRYPTO: ETH) $2,471.40 -2.5% Solana (CRYPTO: SOL) $167.86 -5.4% Dogecoin (CRYPTO: DOGE) $0.134 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001721 -3.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%.

Bitcoin, Ethereum, Dogecoin 'Chopfest' Begins As Weekend Nears, Traders Warn

Solana's (CRYPTO: SOL) network on Oct. 24 reached a record high in real economic value, totaling $11,089,500 from transaction fees and Maximal Extractable Value (MEV) tips. What Happened: This milestone comes as Solana gains traction against Ethereum (CRYPTO: ETH), surpassing it in transaction fees and MEV tips since Oc.

This 'Ethereum Killer' Just Set A New Record: The Reason? Meme Coins, Of Course

Ethereum (ETH) creator Vitalik Buterin is not seeing eye to eye with Microstrategy executive chairman Michael Saylor when it comes to the custody of Bitcoin (BTC).

Ethereum Creator Vitalik Buterin Calls Michael Saylor's View on Bitcoin Corporate Ownership ‘Insane'

US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi).

Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink'

Lido DAO

Lido DAO voted to incorporate the community staking module, a step towards creating a fully permissionless staking protocol.

Lido DAO votes to activate anticipated ‘community staking module' boosting access to Ethereum solo staking

Ethereum (ETH) is experiencing some consolidation, with its market indicators indicating a point of less turbulence as well as balanced investor sentiment.

Ethereum Price Stagnates With Lack of Activity From Whales

Solana

Ethereum and Solana have plotted drastically divergent trajectories over the past week or so, causing investors eager to shift capital away from Bitcoin (CRYPTO: BTC) to sit up and take notice. What happened: Solana, often touted as the "Ethereum Killer," spiked over 13% in the last seven days, faring among the top weekly gainers.

The 'Ethereum Killer' Lives Up To Its Name: Solana Outperforms ETH by 19% Over A Week, But Can The Second-Largest Coin Stage A Comeback?

Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack. What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.

US Government Hacked For $20M In Cryptocurrencies Including Ethereum, Says On-Chain Intelligence Platform — Attacker Reportedly Laundering Funds

Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.

Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness

A widely followed crypto analyst is issuing a warning to investors, saying that top altcoin Ethereum (ETH) might see a crash in December.

Top Analyst Issues Ethereum Alert, Says There's a ‘Decent Chance' ETH Crashes in December – Here Are His Targets

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Denmark proposes taxing unrealized crypto gains, Kraken plans ‘Ink' Ethereum Layer 2 launch and more

India is considering banning cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in favor of its own central bank digital currency (CBDC), with key regulatory institutions advocating for the move. This comes as the government is preparing a discussion paper on the future of crypto regulation in the country.

India Mulls Ban On Bitcoin And Ethereum In Favor Of 'Digital Rupee'

Kraken's Ethereum layer-2 network Ink is built on Optimism's OP Stack, the same tech that powers Base, Unichain, and World Chain.

Crypto Exchange Kraken Launching Ethereum Layer-2 Network Ink

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.

Solana Looks Overbought Against Ethereum; BTC-Gold Ratio Stuck in a Downtrend

Ethereum co-founder Vitalik Buterin has just announced an Ethereum upgrade which aims to make blockchain verification mainstream.

Vitalik Buterin Unveils Ethereum's Verge Upgrade Aiming To Democratize Blockchain Verification

Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,169.96 -2% Ethereum (CRYPTO: ETH) $2,503.20 -4.8% Solana (CRYPTO: SOL) $170.11 +0.99% Dogecoin (CRYPTO: DOGE) $0.1364 -2.7% Shiba Inu (CRYPTO: SHIB) $0.00001738 -4.9% Notable Statistics: IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%.

Bitcoin, Ethereum, Dogecoin Correct: 'A Bounce From This Region Would Be Ideal,' Says Trader

Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Seasoned trader Peter Brandt believes that Bitcoin (BTC) and two additional crypto assets including Ethereum (ETH) are showing signs of strength. Brandt tells his 744,000 followers on the social media platform X that Bitcoin continues to trade within a consolidation pattern.

Trader Peter Brandt Says Bitcoin and Two Altcoins Flashing Interesting Price Developments – Here's His Outlook

U.S. spot bitcoin exchange-traded funds (ETFs) hit a bump in the road on Tuesday, recording $79.09 million in net outflows. Meanwhile, ether ETFs turned things around, bringing in $11.94 million in net gains. Tuesday's Crypto ETF Action The 12 spot bitcoin ETFs struggled, shedding $79.09 million overall. However, three ETFs saw a bit of sunshine.

Ether ETFs Snag Gains While Bitcoin Funds Realize $79M in Outflows

Buterin says fully-verifying clients and staking nodes should not need to have more than a few gigabytes of storage.

Ethereum's Verge roadmap could enable ‘stateless clients' for block verification on everyday devices

Ethereum scaling solution Scroll launched its native token, SCR, amidst much fanfare, but the community immediately reacted with backlash over the amount allocated.

Ethereum Layer-2 Scroll's Token Launch Falls Short of Expectations

A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies. Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100.

Analyst Predicts 75% Upside Burst for Ethereum, Sees Solana Repeating Massive 2021 Surge

Ethereum layer-2 network Scroll just launched its token—but like the recent Hamster Kombat airdrop, some recipients aren't happy.

Scroll Airdrop Farmers Gripe Over Ethereum Layer-2 Token Launch

A widely followed crypto analyst is issuing a warning that Ethereum (ETH) may collapse in value in sync with Fed rate cuts.

News for Ethereum Crypto (ETH)