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.

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The company was valued at a discount to its Ethereum holdings.

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BitMine Adds 69,822 ETH As Tom Lee Maintains Ethereum 'Supercycle' Thesis

Bitcoin

Global cryptocurrency investment products saw $1.9 billion in net outflows last week as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) funds extended a four-week losing streak. ETPs Log Four Weeks Of Redemptions The redemptions pushed the four-week total to $4.9 billion, representing 2.9% of assets under management.

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BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued increasing its ether ETH$2,806.01 holdings to now holding 3% of the second-largest cryptocurrency supply despite increasing headwinds for digital asset treasury firms amid plunging crypto prices.

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The Tom Lee-backed company predicted a few weeks ago the likely downside for ETH prices would be around $2,500.

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Solana

It was another bruising week for bitcoin and ether ETFs, both of which posted deep outflows, while solana ETFs once again stood out as the lone winner. ETF Markets Split: Bitcoin and Ether Sink as Solana Stays Green Some weeks tell a story before the numbers even settle.

Bitcoin Bleeds, Ether Struggles, Solana Shines in Weekly ETF Flows

Dogecoin

Bitcoin is trading around $86,000 on Monday morning, with liquidations topping $220 million over the past 24 hours. Bitcoin ETFs saw $238.5 million in net inflows on Friday, while Ethereum ETFs pulled in another $55.7 million.

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Uniswap

Crypto's next era is accelerating as powerhouse networks move to radically boost value capture, igniting surging bullish sentiment across ETH, UNI, and XRP with redesigned economics poised to reshape investor expectations. Value Capture Momentum Builds Across Major Tokens Bullish expectations are rising as investors reassess how major crypto networks may rebuild their economic structures.

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Ethereum is hovering at $2,818 this Sunday, but the quieter spot price action is wildly out of sync with what's happening under the hood. Derivatives traders are loading up, shifting size across venues, and positioning ahead of a dense cluster of expiries that could force ethereum out of its holding pattern sooner rather than later.

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After a bruising week of historic outflows, the exchange-traded fund (ETF) market finally took a breath. Bitcoin, ether, and solana ETFs all closed Friday in the green, signaling a welcome shift in sentiment.

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Bitcoin clawed back some of its steep weekly losses, reclaiming the $84,000 level despite elevated liquidations and a market still gripped by extreme fear.

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BitMine Immersion Inc. (NASDAQ:BMNR) is staring at a $4.21 billion Ethereum (CRYPTO: ETH) portfolio loss — a blow so large that BMNR has crashed back into its last major support zone. Bitmine's ETH Holdings Sink As Portfolio Value Drops $4.21B Dropstab data shows that Bitmine invested about $14.01 billion into its ETH Strategy Portfolio, accumulating 3.51 million ETH at an average cost of $3,997 per token.

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

The Daily: Crypto selloff deepens, JPMorgan blames retail BTC and ETH ETF outflows, 24-hour liquidations top $2 billion, and more

BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,720.57.

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Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) breaking below key support levels has sparked debate over whether fundamentals are to blame — but Fundstrat's Tom Lee argues the real culprit is far more mechanical. What Happened: In an interview with CNBC on Thursday, Lee said crypto has been bleeding ever since a massive Oct. 10 liquidation event crippled major market makers and left liquidity dangerously thin.

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Bitcoin has plunged around 10% to $82,000 over the past 24 hours, pushing liquidations to around $2 billion. Spot ETFs saw heavy outflows on Thursday, with $903.1 million exiting Bitcoin funds and another $261.6 million flowing out of Ethereum products.

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

Crypto Markets Today: Bitcoin, Ether Slide as Liquidity Crisis Fuels Heavy Sell-Off

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News for Ethereum Crypto (ETH)