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.

Bitcoin

Hong Kong is on the verge of becoming a major player in the cryptocurrency exchange-traded funds (ETF) market, with potential approvals for spot Bitcoin ETFs and spot Ether ETFs expected as early as this week. What Happened: This move positions Hong Kong as a competitor to Singapore and Dubai in the race to become a leading digital asset hub.

Hong Kong Poised To Approve Spot Bitcoin And Spot Ether ETFs: Report

Hong Kong could approve approve spot bitcoin (BTC) and ether (ETH) exchange-traded funds as early as Monday, Bloomberg said, citing two people familiar with the matter.

Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg

The host of the Coin Bureau channel Guy Turner is expressing bullish sentiment on Ethereum (ETH) layer-3 scaling solutions. Turner tells the 2.46 million subscribers of the Coin Bureau YouTube channel that the native tokens of layer-3s (the scaling solutions built atop layer-2s) have massive upside potential going forward.

Ethereum Layer-3 Altcoins Have ‘Serious 100x Potential', Says Coin Bureau's Guy Turner – Here Are His Top Picks

Under its deal with RedStone, Ether.Fi will dedicate $500 million to help secure RedStone's data oracles, which are used to pass information between blockchains and the outside world.

Ether.Fi Inks $500M Restaking Deal With RedStone Oracles

JP Morgan analysts have expressed uncertainty regarding the approval of a spot Ethereum exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC) next month.

Uncertainty Over Approval of Ethereum ETF by SEC, JP Morgan Analysts Warn

Ethereum (ETH) has returned above the 21-day SMA, suggesting that buyers are planning to take the altcoin back to its previous highs. Price analysis by Coinidol.com.

Ethereum Risks A Crash If It Fails To Break Above The $3,700 Level

Banking giant JPMorgan in a recent report predicted that the likelihood of spot Ethereum Exchange-Traded Funds (ETFs) receiving approval in May stands at a mere 50%. What Happened: The research report, quoted by CoinDesk, suggests that the ongoing U.S. Securities and Exchange Commission (SEC) investigation into firms associated with the Ethereum (CRYPTO: ETH) Foundation could potentially affect the approval of Spot Ether ETFs in May.

Spot Ethereum ETFs Hold Only 50% May Approval Probability: JPMorgan

The banking giant is the latest to lower its expectations regarding the SEC's review of proposals to offer funds tied to the price of ETH.

There's a 50% Chance of Ethereum ETF Approval Next Month: JP Morgan

What Happened: The last Bitcoin halving occurred four years ago on May 11, 2020, when Bitcoin BTC/USD +0.94% + Free Alerts was trading at around $9,700, and Ethereum was priced at around $186. Since then, both Bitcoin and Ethereum have seen impressive price surges of 621% and 1,786%, respectively.

What Happened To Ethereum After The Bitcoin Halving Four Years Ago?

Developers' aim with Pectra is to make some minor code changes while simultaneously working on a bigger code change, Verkle trees, for the following upgrade.

Ethereum's Next Upgrade, 'Pectra,' Could Include Relief for Institutional Stakers, Wallet UX Improvements

USDC

Stablecoin issuer Circle says the dollar-pegged USDC is now available natively on layer-2 Ethereum (ETH) scaling protocol zkSync. In a series of posts on social media platform X, zkSync says that, unlike the USDC that was previously bridged on its platform, native USDC is different.

Circle Launches Native USDC Stablecoin on the Ethereum Scaling and Privacy Solution zkSync

Chainlink

Optimism

Oracle provider, Chainlink, is connecting the blockchain with a new cross-chain bridging app promising “unmatched” security.

Chainlink Transporter to Bridge Assets Across Ethereum, Optimism, Base and More

Market odds of approval in May are dwindling, but David Lawant and Purvi Maniar of FalconX say we'll likely see an ETH ETF approval over the next 12-18 months.

Crypto for Advisors: Are ETH ETFs Coming?

There will probably be litigation against the SEC after May if ether ETFs aren't approved, the report said.

Ether Spot ETFs Still Have No More Than 50% Chance of Approval in May: JPMorgan

Ether options implied volatility for May's end-of-month expiry shows investors anticipate significant price swings, an analyst said.

Ether options implies increased price volatility ahead of May's ETF decision deadlines, analyst says

Nick Shalek of Ribbit Capital, a venture capital firm, detailed a bullish case for Ethereum (CRYPTO: ETH), arguing it could become a dominant force in the future of finance. What Happened: Speaking at a Sohn Conference Foundation event, his focus was on Ethereum's potential as a platform for tokenization, DeFi and even a novel store of value.

Ethereum: A Deflationary Store of Value with Dividend Payouts?

The chief executive of financial giant VanEck reportedly says that the U.S. Securities and Exchange Commission (SEC) will likely reject bids to launch Ethereum (ETH) exchange-traded funds (ETFs).

VanEck CEO Says Ethereum ETFs Likely To Be Rejected by US Regulators: Report

At the time of writing, the Bitcoin price has slipped to below $68,000 and the Ethereum price is threatening to go lower than $3,400.

Bitcoin and Ethereum Dive as U.S. Inflation Remains at 3.5%

In a bid to step up their involvement in the blockchain space following the launch of EigenLayer's mainnet, tech giants Coinbase Cloud and Google Cloud have joined the project as operators, alongside other industry players. What Happened: “Coinbase Cloud is proud to be among the first partners,” the company stated, highlighting its commitment to providing a “trusted” platform for users to delegate their staked Ethereum (CRYPTO: ETH) or derivative tokens.

Coinbase And Google Cloud Join Forces To Secure Ethereum With EigenLayer

Bitcoin and Ethereum have dipped as investors watch to see how new U.S. inflation data will play out in the market.

Bitcoin and Ethereum Dip Hours Ahead of New U.S. Inflation Data

EtherFi manages over 1.07 million ETH, amounting to approximately $3.8 billion in user deposits, holding lead in the liquid restaking market.

Etherfi maintains leads in liquid restaking niche with over $3.8 billion in deposits

Dogecoin

Major cryptocurrencies experienced a drop on Monday, with $250 million in the crypto derivatives market facing liquidations.

Bitcoin, Ethereum, Dogecoin Dip As $250M Crypto Liquidations Strike — Analyst Cautions Fed Rate Cuts Could Fuel Downturn

Jan Van Eck told CoinDesk TV's Jen Sanasie that not hearing back from the SEC is a sign that ETH exchange-traded funds likely wont make the May deadline.

VanEck CEO Says Transaction Fee Is Bigger Story Than Bitcoin or Ethereum ETFs

The applications for spot ethereum exchange-traded funds (ETFs) face a potential rejection in May when the U.S. Securities and Exchange Commission (SEC) reaches its deadline for decisions, according to Vaneck's CEO. His firm is one of the applicants seeking approval for a spot ether ETF.

Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May

VanEck's CEO and others are not feeling optimistic that the SEC will greenlight spot Ethereum ETFs, CNBC reports.

News for Ethereum Crypto (ETH)