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's most recent disclosure shows that it holds 5.74 million ETH, roughly 4.8% of Ethereum's circulating supply.

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Bitcoin

Dogecoin

Leading cryptocurrencies and stocks fell on Tuesday after U.S. strikes on Iran and the revocation of the oil sanctions waiver rattled investors. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m.

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Bitcoin touched $64,000 on Tuesday, supported by robust spot ETF inflows, sustained institutional demand and improving market sentiment.

Bitcoin Touches $64,000 as Ethereum, XRP, Dogecoin Extend Rally With 1% Gain

Crypto ETF flows opened the new week on a stronger footing, with bitcoin ETFs adding $265.69 million and ether ETFs bringing in $20.66 million. HYPE and solana products also attracted fresh capital, while XRP ETFs saw no trading activity.

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Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows.

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Ethereum co-founder Vitalik Buterin has published a “Lean Ethereum” roadmap that would replace nearly every major component of the protocol over the next three to four years, describing the effort as the network's biggest transformation since the Merge.

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Buterin outlined a two-step plan to shift Ethereum's state management to validators and replace per-epoch balance updates with ZK proofs.

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Institutional crypto investors received two sharply different capital allocation signals Monday as Bitmine Immersion Technologies expanded its ethereum treasury while Strategy disclosed a rare bitcoin sale to fund preferred stock dividend payments.

42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells

The "Lean Ethereum" strawmap, updated earlier this week, has gained support from many of the network's researchers, though several say the biggest challenge won't be deciding what to build, but how quickly it can happen.

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BitMine continued its relentless accumulation of Ethereum while Bitcoin's biggest treasury firm parted ways with more of its holdings.

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Bitmine acquired 42,197 ether worth an estimated $74 million last week, lifting its treasury to over 5.7 million ETH.

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The second-largest digital asset treasury increased its buying pace, while Strategy sold a chunk of its bitcoin holdings.

Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost

Nearly every core piece of the protocol will be rebuilt over three to four years, with quantum safety and privacy moved front and center.

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Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin's target dropped to $82,000 from $112,000. Ether's forecast was trimmed to $2,240 from $3,175. Bitcoin ETF flows are down about $3.

Citi Lowers Bitcoin and Ethereum Price Targets Amid Negative ETF Flows

A crypto trader swapped 1,126.44 ETH worth $2.01 million for just 5,776 LIT valued at $14,208 on Sunday, wiping out nearly $2 million in a single onchain transaction. The blunder landed as Lighter's token entered Coingecko's top trending list on the back of a 53% weekly rally.

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A revised roadmap details how the multi-year overhaul would replace nearly every major part of Ethereum's protocol, with quantum resistance and privacy moving up the priority list. It lands as ether rallies more than 12% in the past seven days.

Vitalik Buterin says Ethereum is preparing its 'biggest rebuild' since the Merge

A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway.

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He said quantum safety has "shifted up a LOT in priority" and that Hegota, slated for later this year, will likely be Ethereum's last "pre-Lean" hard fork.

Vitalik Buterin says Ethereum's next rebuild will rival the Merge, and take three to four years

Solana

TradFi dip buyers are using futures to prop up BTC and ETH after crypto majors dropped to yearly lows last week. Will retail traders join the party?

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Onchain investigator ZachXBT publicly corrected the official Ethereum X account on July 4, pointing out that privacy company Proton accepts only bitcoin, not ether, as a cryptocurrency payment option for its subscriptions.

Ethereum's X Account Gets Fact-Checked by ZachXBT: ‘Proton Takes Bitcoin, Not ETH, for Subscriptions'

Sharplink co-CEO Joseph Chalom, a former Blackrock executive, has pushed back on claims that Ethereum has a “culture problem,” arguing its 900,000-plus validators and one million-plus developers give it a decentralization edge Solana cannot match.

Former Blackrock Executive Defends Ethereum as Solana's Validator Count Shrinks to 800

Crypto's largest exchange logged more than 166,000 ether withdrawal transactions in a single day, a three-year record, just as bitcoin miner Riot Platforms moved 500 BTC worth $30.72 million into NYDIG custody.

Binance ETH Withdrawals Hit 3-Year High as Riot Stages Another 500 BTC for Possible Sale

With bitcoin BTC$61,884.29 and the broader crypto market showing signs of life, defensive positioning in the market has eased, not disappeared, a sign of continued caution.

Bitcoin, ether traders aren't fully buying the bounce, options markets show

Bearish traders lost $281 million in liquidations over 24 hours, nearly double the longs, as bitcoin pushed to its strongest level in two weeks. Ether is up almost 10% on the week and solana nearly 19% while a rebound in tech stocks eased the pressure from the AI trade.

Ether and solana extend gains as a short squeeze lifts bitcoin toward $62,000

Bitcoin continued rising after hitting a 21-month-low earlier this week, topping $62,000 and leading a broader crypto market rebound.

News for Ethereum Crypto (ETH)