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.

Buterin outlined a two-step plan to shift Ethereum's state management to validators and replace per-epoch balance updates with ZK proofs.

Vitalik Buterin proposes ‘Extremely Lean' Ethereum, shrinking the chain to near-zero state with ZK proofs

Institutional crypto investors received two sharply different capital allocation signals Monday as Bitmine Immersion Technologies expanded its ethereum treasury while Strategy disclosed a rare bitcoin sale to fund preferred stock dividend payments.

42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells

The "Lean Ethereum" strawmap, updated earlier this week, has gained support from many of the network's researchers, though several say the biggest challenge won't be deciding what to build, but how quickly it can happen.

Ethereum developers embrace Vitalik Buterin's long-term vision but urge quicker execution

Bitcoin

BitMine continued its relentless accumulation of Ethereum while Bitcoin's biggest treasury firm parted ways with more of its holdings.

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Bitmine acquired 42,197 ether worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH.

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The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

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Nearly every core piece of the protocol will be rebuilt over three to four years, with quantum safety and privacy moved front and center.

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Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin's target dropped to $82,000 from $112,000. Ether's forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.

Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows

A crypto trader swapped 1,126.44 ETH worth $2.01 million for just 5,776 LIT valued at $14,208 on Sunday, wiping out nearly $2 million in a single onchain transaction. The blunder landed as Lighter's token entered Coingecko's top trending list on the back of a 53% weekly rally.

Trader Turns $2 Million of ETH Into $14,208 as Lighter Token Rallies 53%

A revised roadmap details how the multi-year overhaul would replace nearly every major part of Ethereum's protocol, with quantum resistance and privacy moving up the priority list. It lands as ether rallies more than 12% in the past seven days.

Vitalik Buterin says Ethereum is preparing its 'biggest rebuild' since the Merge

A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway.

Ether leads crypto's hold above key levels as bitcoin steadies over $63,000

He said quantum safety has "shifted up a LOT in priority" and that Hegota, slated for later this year, will likely be Ethereum's last "pre-Lean" hard fork.

Vitalik Buterin says Ethereum's next rebuild will rival the Merge, and take three to four years

Solana

TradFi dip buyers are using futures to prop up BTC and ETH after crypto majors dropped to yearly lows last week. Will retail traders join the party?

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Onchain investigator ZachXBT publicly corrected the official Ethereum X account on July 4, pointing out that privacy company Proton accepts only bitcoin, not ether, as a cryptocurrency payment option for its subscriptions.

Ethereum's X Account Gets Fact-Checked by ZachXBT: ‘Proton Takes Bitcoin, Not ETH, for Subscriptions'

Sharplink co-CEO Joseph Chalom, a former Blackrock executive, has pushed back on claims that Ethereum has a “culture problem,” arguing its 900,000-plus validators and one million-plus developers give it a decentralization edge Solana cannot match.

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Crypto's largest exchange logged more than 166,000 ether withdrawal transactions in a single day, a three-year record, just as bitcoin miner Riot Platforms moved 500 BTC worth $30.72 million into NYDIG custody.

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With bitcoin BTC$61,884.29 and the broader crypto market showing signs of life, defensive positioning in the market has eased, not disappeared, a sign of continued caution.

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Bearish traders lost $281 million in liquidations over 24 hours, nearly double the longs, as bitcoin pushed to its strongest level in two weeks. Ether is up almost 10% on the week and solana nearly 19% while a rebound in tech stocks eased the pressure from the AI trade.

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Bitcoin continued rising after hitting a 21-month-low earlier this week, topping $62,000 and leading a broader crypto market rebound.

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Hyperliquid

Crypto ETF flows remained uneven on Wednesday, July 1, as bitcoin funds posted a $294.62 million outflow, extending their redemption streak to 10 trading days. Ether, HYPE and solana ETFs drew fresh inflows, while XRP products slipped into the red. Ether ETFs Add $14.

Crypto ETFs Split as Ether, HYPE and Solana Gain While Bitcoin Loses $295 Million

Dogecoin

Bitcoin climbed back above $60,000 for the first time in over a week after Fed Chair Kevin Warsh said inflation risks had come down. Solana led the majors, up about 16% on the week, while a semiconductor selloff hit Asian markets and dented the AI trade that has pulled capital from crypto all quarter.

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Ethereum is confronting a narrative problem, with a leading researcher conceding the network still lacks a clear value story after years below $5,000.

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Its launch comes as Ethereum's support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem.

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Brokerage and crypto exchange Robinhood opened the public mainnet for its Arbitrum-powered Ethereum layer-2 network on Wednesday.

Robinhood Launches 'AI-Native' Ethereum Layer-2 Network, Tokenized Stock Trading

Citigroup (Citi) announced major downward revisions to its 12-month price targets for both Bitcoin (BTC) and Ethereum (ETH).

News for Ethereum Crypto (ETH)