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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Bitcoin

Bitcoin plunged below $60,000 for the first time since October 2024, extending losses in what has become its worst week since November 2022. Sentiment deteriorated further into extreme fear, signaling rising market anxiety heading into the weekend.

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Bitcoin (CRYPTO: BTC) remains under pressure after Strategy's (NASDAQ:MSTR) 32 BTC sale rattled market confidence, tapping $60,000 on Friday afternoon. Ethereum (CRYPTO: ETH) fell up to 9% while XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) dropped 5%, respectively.

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Solana

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have fallen between 15% and 20% over the past week, pushing sentiment deeper into fear territory. Bitcoin Flashes Rare Oversold Signal Crypto analyst Lark Davis noted on June 4 that Bitcoin's daily RSI dropped to 17, one of the most oversold readings in the past decade and a level previously seen during the March 2020 COVID crash and February 2026 selloff.

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Bitcoin ETFs ended a 13-day outflow streak with $3M inflows, and ETH ETFs snapped a 17-day run ahead of NFP as traders rotate to equity perps.

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Fundstrat founder Tom Lee told investors at a Paris conference Tuesday that Ethereum (CRYPTO: ETH) mirrors Amazon (NASDAQ:AMZN) when its stock sat at $6, predicting ETH reaches $22,000 next bull cycle. Five Macro Tailwinds Point To Crypto Spring Right Now Lee laid out five reasons he believes crypto spring has already arrived.

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Dogecoin

Bitcoin traded near $63,000 on Thursday as cryptocurrency markets extended their decline amid more than $1 billion in liquidations, worsening fear sentiment. Strategy (NASDAQ:MSTR) executive chairman Michael Saylor attributed the drawdown to a $400 billion capital rotation into AI-related investments.

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BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

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Leading cryptocurrencies descended further on Wednesday as whale sell-offs and geopolitical uncertainty dampened risk appetite. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m.

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Bitcoin dropped towards $65,000 on Wednesday as crypto markets face a wave of ETF outflows, more than $1 billion in liquidations, and worsening fear sentiment.

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ETH just crashed below $2,000 and is now trading near $1,841. Prediction markets place a 71% chance on a drop to $1,500—and the charts aren't pushing back.

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News for Ethereum Crypto (ETH)