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.

Ethereum co-founder Vitalik Buterin discussed potential enhancements to the Ethereum (CRYPTO: ETH) protocol. Amidst the technical details, the core message was clear: Ethereum might be undergoing significant changes, especially in the realm of staking.

Vitalik Buterin Hints At Major Changes For Ethereum, Especially Staking

Grayscale Investments, the largest digital asset fund manager by assets under management (AUM), has filed to convert its Ethereum Trust into a spot ether exchange-traded fund (ETF). The news follows ether futures ETFs from Vaneck, Bitwise, and Proshares launching on Monday.

Grayscale Moves to Convert Ethereum Trust to Spot ETF Amid Surge in ETH Futures ETF Launches

Three ether futures ETFs launched on Monday. The total volume was far lower than ProShares' bitcoin product.

Ether futures ETFs see low volumes of trading in first few hours

Nine Ethereum futures ETFs started trading today, but demand has been lower so far than at the ProShares Bitcoin Strategy ETF launch in 2021.

Ethereum Future ETFs Start Trading in US for First Time

If approved, the conversion would likely help drop the hefty discount on Grayscale's Ethereum trust.

Grayscale Files to Convert Ethereum Trust Into Spot ETF

UBS (NYSE: UBS) cut jobs last month at its Credit Suisse subsidiary. After trimming forces in the asset management division, UBS Asset Management is now looking forward to its first live pilot program of tokenized money market fund on Ethereum.

UBS Chooses Ethereum For Live Pilot Of Tokenized Money Market Fund

Multiple exchange-traded funds that target the performance of ether futures have launched on Monday, marking a first for the industry.

Ether futures ETFs from ProShares, VanEck and others go live

The initiative is part of the Monetary Authority of Singapore's Project Guardian to tokenize real-world assets.

UBS Launches Tokenization Trial on Ethereum

After the FTX hacker transferred 5,000 ethereum (ETH) valued at $8 million in purloined assets, the cybercriminal shifted an additional 25,000 ether, totaling $43.15 million. Yet, even after relocating tens of millions of dollars in ethereum, the FTX wallet drainer still holds a whopping 155,749 ETH, currently valued at slightly above $268 million.

FTX Heist: Hacker Shifts $51M in Ethereum as Former CEO Preps for Trial

Grayscale Investments has moved to convert its Ethereum trust to a spot ether ETF with a new filing with the SEC.

Grayscale moves to convert its Ethereum trust to a spot ether ETF

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $28,000 level on Monday. Ethereum (CRYPTO: ETH) also moved higher, trading past the key $1,700 mark this morning.

Ethereum Tops This Key Level; Bitcoin SV Emerges As Top Gainer

While the decision on the Spot Bitcoin (CRYPTO: BTC) ETFs is extended to Jan. 10, futures-based Ether ETFs are likely to open trade as soon as today. Invesco Galaxy Digital is the latest to join the race by filing for a spot Ether ETF.

Invesco Galaxy Spot Ether ETF Proposal Joins US Queue, Futures ETF To Launch Soon

Bitcoin

Bitcoin rose above the $28,000 level on Monday, as bullish sentiment returned to start what many are calling the month of “Uptober.” The global crypto market cap was also considerably higher in today's session, up nearly 3% as of writing. Ethereum remains above $1,700.

Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $28,000 to Start ‘Uptober'

Its the largest ether trust in the world with $5B in AUM.

Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF

VanEck on Monday launched VanEck Ethereum Strategy ETF , becoming one of the first U.S. investment managers to bring a futures-based exchange traded fund (ETF) tied to the world's second-largest cryptocurrency ether to the market.

VanEck launches ETF tied to ether futures

UBS Asset Management has launched its first 'live pilot' of a tokenized money market fund on the Ethereum blockchain.

UBS taps Ethereum to pilot tokenized money market fund

Crypto investor and venture capitalist Chris Burniske says that Solana (SOL) is poised to start outrunning Ethereum (ETH) in a new trend formation. Sharing a chart posted by on-chain analyst Will Clemente, Burniske shows Solana versus Ethereum (SOL/ETH) putting in a series of higher lows and higher highs in a potential shift in long-term momentum.

One of Ethereum's Biggest Rivals Gearing Up To Outperform ETH, According to Former ARK Invest Crypto Analyst

More than 15,000 ether (ETH) worth close to $26 million left a wallet associated with last year's attack on FTX this weekend.

FTX 'Hacker' Moved 15K ETH This Weekend

According to blockchain data source Spot On Chain, the Ethereum address linked to the FTX hack has moved over 10,250 Ethereum (ETH) worth around $17.7 million.

FTX Exploiter Transferred Over $17M in ETH

Dogecoin

Major cryptocurrencies experienced a substantial increase in value on Sunday evening, as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin.

Bitcoin, Ethereum, Dogecoin Suddenly Pump Wiping Over $70M In Shorts: Analyst Says, 'Welcome To Uptober', Foresees King Crypto Marching Towards $40K Easily

It appears the top two digital assets by market size, Bitcoin and Ether, are still creating consternation for policymakers as to the right regulatory approach.

SEC Chair Gensler Clashes With Congressman On Bitcoin, Ether

Chainlink

A closely followed trader thinks that one Ethereum (ETH)-based altcoin is a solid long-term play in the midst of an extended crypto bear market. Pseudonymous analyst Inmortal tells his 199,000 followers on the social media platform X that traders are not paying enough attention to the decentralized oracle network Chainlink (LINK).

Trader Calls Ethereum-Based Altcoin ‘Most Obvious Play' Amid Bear Market, Predicts Rally for Bitcoin and ETH

On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years.

Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development

Vitalik Buterin, the co-creator of Ethereum, has discussed the next steps that the protocol is about to take and how the upcoming decisions should be the result of balancing complexity and functionality.

Vitalik Buterin Discusses Ethereum Protocol ‘Enshrining': ‘Blockchains Are Social Systems'

In the ever-evolving crypto landscape, Ethereum (CRYPTO: ETH) might soon overshadow Bitcoin (CRYPTO: BTC) in terms of long-term performance, suggests pseudonymous crypto analyst and trader Dave the Wave. What Happened: Dave the Wave recently shared his insights and pointed out that, while one Ethereum-versus-Bitcoin chart currently indicates a series of lower highs and lows, a broader perspective offers a different narrative.

News for Ethereum Crypto (ETH)