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.

The newest addition to 0x's selection of trading APIs allows builders to use "gasless" swaps in their decentralized applications on Ethereum.

Ethereum DeFi Gets ‘Gasless' Trading With New 0x API

Bitcoin

Dean Skurka, CEO of WonderFi Technologies Inc (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166), was recently interviewed by Benzinga. WonderFi operates digital asset platforms trusted by over 1.6 million Canadians.

CEO Of Canada's Largest Regulated Digital Asset Player Talks BTC ETF And The Future Of ETH

Similarly to bitcoin's action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week.

Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the key $41,000 level on Monday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,400 mark this morning.

Ethereum Falls Below $2,400; Chiliz, Sei Among Top Losers

The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset's “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum's rally post-bitcoin ETF approvals show that investors are betting on the regulator's approval of ether-based ETFs.

Study: Potential Approval of Spot ETF Is Ethereum's ‘Strongest Narrative Right Now'

Metamask, the Ethereum Virtual Machine (EVM) wallet, has announced the launch of its validator staking services for Ethereum. The feature will allow users who want to stake their ether to do it simply from the Metamask portfolio interface, without managing hardware equipment, while maintaining custody of the cryptocurrency staked.

Metamask Launches Ethereum Validator Staking Services

Solana

Bitcoin BTC , ethereum and other major cryptocurrencies solana and XRP XRP have suffered a huge crash—just after JPMorgan's CEO issued a wild warning that Satoshi Nakamoto could "erase" bitcoin entirely.

Sudden Crypto ETF Crash Panic Sends Bitcoin To $40,000—Hitting The Price Of Ethereum, Solana And XRP

Polygon

Sky Mavis, the creator of the popular play-to-earn NFT game Axie Infinity, has announced a significant upgrade to the Ronin blockchain's official crypto wallet.

Gaming Blockchain Ronin's Mobile Wallet Adds Ethereum, Polygon, BNB Chain Support

Dogecoin

Major cryptocurrencies on Sunday evening dropped as the interest in Bitcoin exchange-traded funds (ETFs) continued to wane.

Bitcoin, Ethereum, Dogecoin Drop As Google Search Interest In Spot ETFs Plunges: Analyst Foresees King Crypto Below $40K Before April Halving

Users with at least 32 eth can now let MetaMask and Consensys run a validator node on their behalf, with no pooling or hardware required.

MetaMask introduces Ethereum validator staking feature, powered by Consensys

Chainlink

Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain. Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH.

Crypto Whales Taking Advantage of Bitcoin, Ethereum and Chainlink Dips, According to Lookonchain

Crypto analytics firm Kaiko says that speculative fervor on Ethereum (ETH) hasn't yet kicked off, despite being well off its 2022 lows.

Aggressive Bull Market Speculation on Ethereum Has Not Yet Begun, According to Analytics Firm Kaiko

Last week's SEC approval for listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares was big news. The next shoe to drop could be the SEC's approval of a bunch of ether spot ETPs.

Approvals For Ethereum Spot ETPs Could Be Next

Avalanche

The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum's sales amounted to $106 million, overtaking Bitcoin's $70 million in sales over the same seven-day period.

Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

Bitcoin has taken a big hit over the past seven days following the launch of long-awaited spot Bitcoin ETFs on Wall Street.

This Week in Coins: Despite ETF Hype, Bitcoin and Ethereum Plunge Hard

The price of Ethereum (ETH) is trading above the moving average lines. The largest altcoin is trading below the resistance level of $2,600 in anticipation of a further rise.

Ethereum Hovers Above $2,400 And Is Heading For Its Highest Price

Crypto analytics firm Santiment says that three of the largest crypto networks by market cap now have more than 80% of their existing supplies in profit. The Total Supply in Profit metric measures what percentage of coins are currently in profit compared to the last time they moved, and sometimes correlates with price trends.

Bitcoin, Ethereum and XRP Sitting at ‘High-Risk' Profit Levels, Warns Crypto Analytics Firm Santiment

A widely followed crypto analyst says that Bitcoin (BTC) may soon lose support and fall even further. Pseudonymous crypto trader Rekt Capital tells his 388,500 followers on the social media platform X that the loss of support has not yet been confirmed.

Crypto Analyst Warns Bitcoin (BTC) Could Be Losing Support, Does a Deep Dive Into Ethereum (ETH)

The U.S. Securities and Exchange Commission (SEC) is delaying its decision on banking giant Fidelity's spot market Ethereum (ETH) exchange-traded fund (ETF) until March.

SEC Postpones Decision on Fidelity Investments' Spot Ethereum ETF Application to March

The weakening correlation follows the launch of spot bitcoin ETFs, with speculation that potential spot ether ETF approvals are next.

Bitcoin correlation with ether hits lowest level since 2021

The SEC has stated it needs "sufficient time to consider the proposed rule change and the issues raised therein."

SEC Punts Fidelty Spot Ethereum ETF Decision to March

Lawsuits against crypto exchanges offering staking services for proof-of-stake blockchains, including Ethereum, make approval of a spot ether ETF more challenging until these cases are resolved, the investment bank said.

No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says

Social media analytics firm LunarCrush's LUNR (CRYPTO: LUNR) social token is up 44% in the last 24 hours, even as top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) take a hit. What Happened: At the time of writing, LUNR was trading at $0.092, while BTC and ETH were both up 1%.

LUNR Social Token Surges 44% On New Announcement, Outperforms Bitcoin, Ethereum In A Single Day

The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year's 25% slide.

Ether Could Soar in 2024 on the Back of Dencun Upgrade, ETF Narrative: Analysts

The Securities and Exchange Commission (SEC) has postponed the deadline for passing a judgment on the proposed spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) by Fidelity to March 5. What Happened: The SEC has expanded the decision-making timeframe for the proposed rule amendment, allowing for a more thorough consideration of the proposal and related matters.

News for Ethereum Crypto (ETH)