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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

Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency's best week since March.

Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

A new 10x Research report suggests investors approach Ethereum (CRYPTO: ETH) with caution, suggesting the ETF launch might trigger a sell-off rather than a sustained rally. What Happened: Despite the initial excitement, 10x Research research points out that historical patterns suggest a potential market correction following such launches.

Ethereum May Be Headed For A Sell-Off After ETFs Launched: 10x Research

Ethereum's price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon.

Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch

The highly anticipated spot Ethereum (ETH) exchange-traded funds (ETFs) have officially gone live for trading after months of delays. On Tuesday morning, ETFs from BlackRock, Fidelity, 21Shares, Invesco, Franklin Templeton, VanEck, Grayscale and BItwise hit the market, so far exceeding expectations according to some experts.

Ethereum ETFs Go Live, Hit Nearly $600,000,000 in Volume Halfway Through Trading Day: Report

The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it holds assets for ten out of 11 spot bitcoin ETFs and eight out of nine ether ETFs.

Single Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage

Nine spot Ethereum ETFs began trading on US exchanges Tuesday, marking another milestone in the mainstream adoption of digital assets. What Happened: This launch comes just six months after the debut of spot Bitcoin ETFs in the United States, which have already accumulated over $54 billion in assets under management.

Ethereum ETFs Are Live: Here's How Experts Assess Their Launch

Across several pools, the majority of prediction market users see little chance of Ethereum reaching an all-time high this year.

Polymarket bettors are split on whether ETH will hit an all-time high after ETF launch

On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm's net assets. Bitwise Leads in Transparency by Publishing Ethereum ETF Addresses At 7:50 a.m.

Bitwise Reveals ENS Subnames for Ethereum ETF Reserve Wallets

Traders predict short-term volatility after the Securities and Exchange Commission (SEC) approved nine spot Ethereum (CRYPTO: ETH) ETF applications for trading. What Happened: Crypto trader Doctor Profit believes the market has already factored in the ETF launch without considering the massive inflows that could come in.

Ethereum ETFs Start Trading And 'Price Discovery Is Inevitable,' Trader Asserts

Igloo, Inc. just raised fresh funding to pursue its crypto tech ambitions following the Pudgy Penguins firm's acquisition of Frame in June.

Pudgy Penguins Firm Raises $11 Million for Ethereum Layer-2 Push

ETH ETFs finally make their debut in the U.S. this week. How will the market react and will Ethereum as a development ecosystem benefit?

ETH ETFs: What We're Watching For

Eight issuers launched ether ETFs to institutional investors and retail traders and are already generating significant trading volume.

Ethereum ETFs hit $300 million in trading volume in first hour of being live on the market

Since the bottom of the crypto winter, bitcoin has outperformed ether. But can either make a run at bitcoin?

Will Ethereum Catch Up With Bitcoin?

Spot Ethereum ETFs trading begins today, but price appreciation could be hindered by outflows from the Grayscale Ether Trust.

Ethereum Grayscale Trust outflows could weigh on ether price after today's ETF launch, analyst says

A decline of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading.

CoinDesk 20 Performance Update: Index Slips 2.2% as Spot Ether ETFs Begin Trading

Ether is the native cryptocurrency on the ethereum blockchain.

Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more

Bitwise becomes the first U.S. spot Ethereum exchange-traded fund to publish its addresses and set ENS subnames for each.

Bitwise discloses ENS addresses for spot Ethereum ETF holdings

Crypto trader Evanss6 weighed in on the launch of Ethereum (CRYPTO: ETH) ETFs, highlighting their potential impact and comparisons to the Bitcoin (CRYPTO: BTC) ETFs. What Happened: Evanss6 noted that the low volume of spot Ethereum trading on Coinbase could make any new net spot flows more impactful.

Top Trader Flags Key Factors To Watch For The Ethereum ETF Trading Launch

While Ethereum ETFs are expected to see lower demand than Bitcoin ETFs did, they could still be a top ETF launch.

The Bitcoin ETFs were a huge success. Can Ethereum do the same?

Market observers expect ether to outperform bitcoin in the coming weeks as the token gives exposure to a flourishing Ethereum ecosystem.

Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain

Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock's IBIT Dominates Bitcoin ETF Inflows On Monday, U.S. spot bitcoin ETFs attracted $533.

US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch

The price of Ethereum (ETH) has entered an uptrend after breaking above the 50-day SMA on July 19.

Ethereum Continues Its Soaring Run

Here's the rundown on eight issuers debuting their ether ETFs to institutional investors and retail traders.

Spot Ethereum ETFs begin trading today: Here's what you need to know

Crypto fund manager Bitwise Asset Management on Tuesday announced that it will donate 10% of all profits from Bitwise Ethereum ETF (NYSE:ETHW) to support Ethereum‘s (CRYPTO: ETH) open-source development community. What Happened: The donations will be directed to two key organizations: Protocol Guild, a grassroots funding organization supporting over 170 core contributors to Ethereum Layer-1 protocol research and development, and PBS Foundation, a non-profit funding open-source Ethereum block relays and related research.

Bitwise To Donate 10% Of Ethereum ETF Profits To Open-Source Developers

The latest price moves in bitcoin (BTC) and crypto markets in context for July 23, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

News for Ethereum Crypto (ETH)