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.

BitMine Immersion Technologies Inc. (NYSE:BMNR) purchased another 102,259 Ethereum (CRYPTO: ETH) as Chairman Tom Lee argues that seemingly extreme AI valuations can still deliver long-term returns. BitMine Pushes Closer To 5% Ethereum Ownership Goal As of Dec. 14, BitMine holds approximately 3.97 million ETH, valued near $12.2 billion at prevailing prices.

Tom Lee Says 'Absurd' AI Valuations Aren't Wrong As BitMine Adds 102,259 ETH

Bitcoin

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices have remained range-bound over the past month, which, according to market observers, contrasts recovering ETF interest. What Happened: According to market commentator Bull Theory, ETFs are now absorbing all, or more than all, of the newly issued Bitcoin and Ethereum supply, yet prices have failed to respond meaningfully.

Bitcoin, Ethereum ETF Interest Shows Signs Of Life—But BTC, ETH Price Action Does Not

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

The Daily: JPMorgan launches tokenized fund on Ethereum, Ripple taps Wormhole to expand RLUSD to Layer 2s, and more

Solana

Popular Ethereum wallet MetaMask has added support for Bitcoin, expanding more broadly ahead of its planned token launch.

Crypto Wallet MetaMask Expands From Ethereum and Solana to Bitcoin

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are down over 10% in the last 30 days, but traders are betting on ETH to outperform until the end of the year. What Happened: Michael van de Poppe noted that Bitcoin is currently in a corrective phase, while Ethereum continues to show relative strength by holding up well during the pullback.

Bitcoin, Ethereum Plummet 5%, But Traders Bet One Will Recover Until 2026

Bitcoin plunged to price of nearly $85,000 on Monday, hitting its lowest price since early December as hopes of a Santa rally fade.

Bitcoin, Ethereum and XRP Fall to Lowest Prices in a Week as Liquidations Top $500 Million

To support the growth of its RLUSD stablecoin, Ripple said the token is expanding next year to layer-2 networks on Ethereum.

Ripple to Expand $1.3 Billion RLUSD Stablecoin to Ethereum Layer-2 Networks

Bitmine Immersion Technologies said its ethereum holdings climbed to nearly 4 million tokens as the company's stock trades close to its underlying net asset value following recent accumulation activity. Bitmine ETH Accumulation Continues While Stock Pulls Back Bitmine disclosed on Monday that it held 3,967,210 ether as of Dec. 14, valued at roughly $12.

Bitmine ETH Holdings Near 4 Million as Stock Trades Close to mNAV Range

JPMorgan Chase is rolling out a tokenized money market fund powered by Ethereum. The fund, which is called My OnChain Net Yield Fund or MONY, launches today. The fund targets qualified investors, offering U.S. dollar yields. MONY invests solely in U.S. Treasury securities and repurchase agreements backed by them.

JPMorgan Chase Launches Ethereum-Based Money Market Fund for Institutional Investors

Ethereum treasury firm BitMine Immersion Technologies added to its balance sheet last week, acquiring around $320 million in ETH.

Tom Lee's BitMine Keeps Buying Ethereum, Adding $320 Million to ETH Treasury

JPMorgan Chase will begin offering an Ethereum-based, tokenized money-market fund called "MONY" to qualified investors on Tuesday.

JPMorgan Taps Ethereum for Tokenized 'MONY' Fund

BitMine Immersion boosted its Ethereum treasury to 3.97 million ETH as the firm chases its 5% ether supply target.

‘Ethereum is the future of finance': Tom Lee's BitMine adds $321 million in ether to corporate ETH treasury

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

CoinDesk 20 Performance Update: Ethereum (ETH) Gains 2% as Index Trades Flat

The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.

Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether

Ripple said it's testing its U.S. dollar stablecoin on Optimism, Base, Ink and Unichain with more blockchains to be added next year pending regulatory review.

Ripple Expands $1.3B RLUSD Stablecoin to Ethereum L2s via Wormhole in Multichain Push

The new vehicle, called MONY, is seeded with $100 million of JPMorgan capital and will open to outside investors on Tuesday.

JPMorgan launches tokenized money-market fund on Ethereum: WSJ

Dogecoin

Bitcoin has slipped below $90,000 on Monday morning as investors dial back risk ahead of key macro events this week, including jobs and inflation data. Bitcoin ETFs saw $49.2 million in net inflows on Friday, while Ethereum ETFs reported $19.4 million in net outflows.

Bitcoin Stuck Around $90,000 XRP, Dogecoin Trade Flat While Ethereum Rises 2%

The $4 trillion U.S. bank is the latest financial giant in rolling out tokenized MMF onchain, joining BlackRock, Franklin Templeton and Fidelity.

JPMorgan Launches Tokenized Money Market Fund on Ethereum as Wall Street Moves Onchain: Report

Cardano

Trading volumes have thinned noticeably in recent sessions, amplifying price moves and reinforcing a defensive tone, some market watchers say.

ETH, SOL, ADA Slide as Bitcoin Sees Year End Profit-Taking

Leading cryptocurrencies fell on Sunday, while stock futures edged up, as investors brace for a barrage of key macroeconomic data this week. Cryptocurrency Gains +/- Price (Recorded at 8:20 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Slide: Analyst Warns $70,000 Could 'Come Into Play' For BTC Unless It Defends This Level

Bitcoin has fallen back down to $90,000 as sideways price action continues on Friday. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $90,249.67 Ethereum (CRYPTO: ETH) $3,076.27 Solana (CRYPTO: SOL) $132.33 XRP (CRYPTO: XRP) $2.01 Dogecoin (CRYPTO: DOGE) $0.1364 Shiba Inu (CRYPTO: SHIB) $0.

Bitcoin Back To $90,000, Ethereum, XRP, Dogecoin Meander As Crypto Looks For Catalysts

As Ethereum (CRYPTO: ETH) dropped almost 5% on Friday, a new research suggests the network's long-term valuation may potentially grow into the trillions. Markets Price Ethereum Like A Company, Not Infrastructure The research, highlighted by longtime pseudonymous Ethereum investor DeFi Dad, is authored by blockchain analyst William Mougayar and challenges how markets currently value Ethereum.

Ethereum Network Can Grow To A $20 Trillion Valuation By 2035, Researcher Claims

Chainlink

The bridge uses Chainlink's CCIP to ensure consistent behavior across chains, mirroring the behavior of underlying assets.

Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum

Bitcoin and ether ETFs ended their midweek momentum with fresh outflows on Thursday, while solana and XRP ETFs delivered steady inflows. It was a mixed session that underscored different sentiments across the major asset classes. Mixed Day for Crypto ETFs With BTC, ETH Outflows and Gains for XRP, SOL Thursday, Dec.

XRP and Solana ETFs Maintain Strength as Bitcoin and Ether See Outflows

Bitcoin has reclaimed $92,000 as Congress approached the SEC for approving the inclusion of Bitcoin and other cryptocurrencies in 401(k) retirement plans. Bitcoin ETFs saw $77.3 million in net outflows on Thursday, while Ethereum ETFs reported $42.4 million in net outflows Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $92,458.23 Ethereum (CRYPTO: ETH) $3,243.94 Solana (CRYPTO: SOL) $138.32 XRP (CRYPTO: XRP) $2.

News for Ethereum Crypto (ETH)